detroit in 1917, silicon valley and they died in silicon valley. that is good stuff. martin luther king, they asked him three times to leave in the civil rights movement, he said no twice. he is young and his wife didn't want him to do it. an interesting story. he did amazing things in the 50s and 60s. he didn't want to do it. a great story, and driving across the country to start this dumb idea called amazon and he is so weird. and drive across the country, and and not really music, he came back to that. that is not we want to hear. that is a pretty interesting story. he has done an amazing thing. and play hamilton. for years. our side was saying to the left or to children or people, george washington is a great man. he is as much yours as anybody's. if you came to this country two years ago and raise your right hand and swear the oath of citizenship, if your parents were born in eastern europe, you are an american citizen, if you love america, george washington is as much yours as mine. if you are the children or grandchildren or great-great-grandchildren it doesn't

it's titled "brotopia: breaking up the boys' club of silicon valley."nalist and author emily chg is host of the show "bloomberg technology" she joins us to answer ders' questions. welcome. thanks for being part of this. >> thanks for having me and thank you for choosing the book this month. >> brown: start off by explaining "brotopia." what do you mean by that? what were you after here? >> in my mind "brotopia" encapsulates this idea of siliconealley as a modern utopia where anyone can change the world, anyone can make their own rules. >> brown: that is the pitt. >> that is the myth. if you're man, you can do that, but if you're a woman, it's incomparably harder. it shows in the number. women hold 2% to 25 of jobs. they account for 9% ofst ins. women-led companies get just 2% of venture capital funding. in a place that is changing the world, changing all of our lives every day, we think ofech founders and vision nairs as people who look like steve jobs ane look likmark zuckerberg and there is a lot of people, at least 50% of theat popn who don't fit tha

this idea of silicon valley is a land of opportunity is starting to dry up. these are just some of the examples and the most obvious ones. the closer you look into it the worse it gets, frankly. so that's how we experience the curse of bigness in our daily lives. >> but a facebook and amazon should they be punished for their success or are they acting in ways that are illegal or not fair? >> let me examine facebook a little bit more carefully. i believe that companies who make a good product and succeed on their merits deserve to thrive and go ahead. but there's a line between the fair winner and the unfair winner, and that's what anti-trust law has always been about. facebook, to take an example, you know, had a good product, people liked it, everyone signed up. but by the year 2012 or so they started to face serious competition. most obviously from a company named instagram. later, they faced competition again from a new messaging service. so for whatever reason, and i'll get into that in a second, facebook was allowed to buy its competitors. in the old day

jay is the most successful leader in silicon valley. z scaler, he makes a few hundreds of his employees a millionaire. >> how do you manage a company after ipo? last time jay joined us, his company was worth $3 billion a year and now it is worth $8 billion a year. your stock is up 68% in six months, is that right? >> something like that. >> you are not keeping track or anything. >> not now. >> the last time you were on you told me it was your first start up. seven of the 80 employees there became millionaires. >> you were estimating a few hundreds of your employees at z z scaler would be come millionaires. >> the employees are the team that makes you happy. execution is the true thing. i put together a great team that makes that. >> let's get to that. how do you keep that team on focus when the temptation is to look over the corner and watch cnbc and watching that zscale coming across. >> money is an important factor of people's life. people who are drawn to a start-up like z scaler are the ones who want to make it happen. we look at it

whereas in fact, i mean, we are here in silicon valley. who here watches hbo's "silicon valley?" super profane, really dirty, so if you don't like that, you are out. but if you live and work in silicon valley or have home technology or know anything about it, it is really great and it is super capitalism, pro-capitalism, very capitalism -- very conservative probably , the most conservative thing i have seen on tv. there was like a three minute, it was great. like the guys are working on their little startup in their house in palo alto, and their neighbor, who is on the city council is a liberal, and they gave him a beard, and they put him in a wheelchair, and they still made him the villain. and he comes to their house and he says, you know i know you , guys have a business, zoning, blah blah, and one of the guys in the house just starts yelling at him. it was like a three minute monologue pages of dialogue. , fourhe says you people, all you progressive bureaucrats make me sick. you bought this house for $8,000 and it is now worth a lot of money. you know why? because people like

there are a lot of big name investors, silicon valley investors who were defrauded along with others when it comes to believing holmes, claims that the blood testing technology was there, worked. so elizabeth holmes walking out of this courthouse in san jose you can see the cameras following her around we were speaking to the author of "bad blood" of the "wall street journal" who broke the fraud going on at theranos, elizabeth holmes is newly engaged and walks around with her dog balton san francisco and seems to have no qualms going on no comment for the cameras the trial date starts july 8th, again. back to tesla now. phil was just wrapping up in terms of the skepticism. i mentioned going in to phil that the stock closed basically at the session lows here we also had a downgrade from evercorps to underperform rating, and also broke down the eps estimates i think for 2020 the eps estimates were reduced by 40% >> tim is steadfast in his belief the sho stock will continue to lower. one of the things we have said given the amount of time it's breached support 250 is now right in

silicon valley built by the u.s. defense and that is unwilling to cooperate with the u.s.artment of defense and at the same time is willing to cooperate with china on their defense intelligence initiatives. i find that unconscionable >> so we had on our air this agreed on some enforcement mechanism, which would be interesting to get details on, and then the headlines opening up the cloud sector. does this feel like headway? >> i think opening akous to the alibaba cloud make it's that much easier for the chinese to walk off and basically steal intellectual property. >> so you don't like that headline >> i'm not sure it's a bad thing but i am certain it makes it easier to steal intellectual property. >> you're not trust and verify, you're at distrust and verify? >> i believe it is a war and this is a war you do not want to lose. >> what happened to the mindset of the silicone valley tech wch, where we see these movements inside companies, certainly in google, move up north to seat l, talk about microsoft, pockets of employees, not all employees, who have issues with doing wo

but who watches hp's "silicon valley?" soer profane, really dirty, if you don't like that, you are out. but if you live in the silicon valley, are you if you know anything about it -- or if you know anything about it, it is great, it's probably the most conservative thing i have seen on tv. there was like a three minute, it was great, the guys are working on their little start up in their house in palo alto, and their neighbor who is on the city council is a liberal, and they gave him a beard and they put him in a wheelchair, and they still made him the veil and. and he comes -- made him the villain. and he comes to their house and he says, i know you guys have a business, zoning, blah blah, and one of the guys in the house starts yelling at him. it must have been four pages of dialogue. and he says, all you progressive era kratz make me sick, you bought this house for $8,000 and it is now worth a lot of money because people like us are building things in silicon valley and creating things and wealth and value and making p

. >> yeah, to me a fascinating development that silicon valley people -- heat is the most open about it, have just said we are transcending this idea of competition in monopoly is the chosen form of the future. we have a new, better age and who were of the corporate form. what fascinates me is it echoes exactly what standard oil was saying in the last 19 century. in rockefeller and many of the advocates a monopoly in trust system. at the time, they said adam says competition is for another age and we can leave it behind. the companies of today are scientific in advance and they have left behind the old constraints. we are designing a new man with a new vision, the old one shall be put away and they had this idea sort of like a campaign and business but the old businesses needed to be destroyed and exterminated in some of the -- i don't think the silicon valley people are. they want a better humanity. they haven't discussed terminating parts of it. but the guilty guys were into it. they believed that they needed to be rounded up like useless pray and put to death. there is a sense of

>> silicon valley may well have lost its mind but that's nothing new.n it comes to software company valuations you get what you pay for. these are incredibly high quality businesses zoom is certainly one of those slack appears to be one of those. service now which we partnered with in 2009 when nobody had really heard of the company. and last week announced earnings with close to 40% free cash flow margins and close to 40% growth with more than $3 billion of runway revenue the earnings power of these businesses is astronomical and when it comes to the replatforming of the enterprise we're still in the early innings. we intend to hold zoom for many years to come. >> how long do you plan on sticking around? and whether that's part of what the sequoia model is >> you look at palo alto networks as an example we introduced him to his co-founder and from idea to ipo and beyond is what we aspire to do with founders in the case of palo alto networks. our partner jim goetz is still on the board and our partner carl erbenbach is still on the board. we held the st

is hugely endowed with not only agricultural goods but a lot of silicon valley.exist purely through the goodwill of darpa and the defense department and all the investment in silicon valley and new ideas he says this idea is new to many americans but it is actually as old as the country itself top. imus pain was for universal basic income at the founder of the country he called it the citizens dividend and martin luther king was also for in the one nine hundred sixty s. milton friedman is usually associated with the right way and one thousand economists signed a study saying this would be great for our society and one state has had a dividend for thirty seven years where everyone in the state of alaska gets between one and two thousand dollars no questions asked likening his plan to what alaska has right now and i've looked at and. stuff and he's absolutely right and you could call this the sherrod cantillon effect you could look at it as being a mom to zation of all the economic extra analogies that get lost in the economy you can look at it in a number of diffe

is hugely endowed with not only agricultural goods but a lot of silicon valley. exist purely through the goodwill of darpa and the defense department and all the investment in silicon valley and new ideas he says this idea is new to many americans but it is actually as old as the country itself top. pain was for universal basic income at the founder of the country he called it the citizens dividend and martin luther king was also for in the one nine hundred sixty s. milton friedman is usually associated with the right way and one thousand economists signed a study saying this would be great for our society and one state has had a dividend for thirty seven years where.

and seeing silicon valley rise up before my ice. of the few spaces left that has remained open. >> reporter: he introduced a b9 48. if past create a conservation program for 17,000 acres of land in coyote valley. administered by the santa clara county open spaces authority.>>> it is an amazing confluence of natural resources wildlife core door. natural floodplains and the largest remaining wetlands in the south bay region.>> reporter: a type of fools gold for developers eyeing growth and profits. longtime south bay politician say some of the largest companies in silicon valley have pressured leaders to allow development here.>>> we had apple come down here at one time. they wanted to put their headquarters here. >> reporter: the passage of measure provides $50 million for land acquisition in coyote valley. with notable purchases slated for later this year. the area could be eligible for additional state funding pending the bills passage. supporters say protections provided will benefit generations to come.>>> to protect our future f

whereas in fact who watches fpo silicon valley? super profane?ally dirty, if you don't like that you are out. and your own technology or you know anything about it, it is really great and it is super super capitalist, pro-capitalism, very conservative, the most conservative thing i have seen on tv. there was a 3-minute -- did we see this when? i know you have to go but it was great. guys working on their little startup in their house in palo alto and there neighbor who was on city council who is a liberal, they gave him a beard and put him in a wheelchair and still made him the villain. he comes over to their house and says i know you guys have a business here, you can't have a business, zoning. one of the guys in the house start yelling at him, a 3-minute monologue, four pages of dialogue, you people, all you progressive bureaucrats make me sick, you bought this house for $8000. it is not worth a lot of money because people like us are building things in silicon valley and making companies and creating wealth and value in bringing amazing produc

is hugely endowed with not only agricultural goods but a lot of silicon valley. exist purely through the goodwill of darpa as he says this idea is new to many americans but it is actually as old as the country itself thomas paine was for universal basic income at the founder of the country he called it the citizens is usually associated with the right way and one thousand economists signed a study saying this would be great for our society and one state has had a dividend for thirty seven years where everyone in the state of alaska gets between one and two thousand dollars no questions asked like in. his plan to alaska has right and i've looked at and. stuff and he's absolutely right and you could call this the shared cantillon effect you could look at it as being a mountain session of all the economic extra analyses that get lost in the economy you could look at it in a number of different ways the fact is that the united states generates many chinese of dollars worth of g.d.p. and dozens of all in part to create that g.d.p. and harken back to a couple of decade

known in the silicon valley and how the event i fury what went on that side of it's my one band. and the bed being because i thought of should move

and new words are being invented every day in silicon valley and in the world.here are a lot of of immigrants here, right? so all of this makes it really difficult to understand the speaking language. >> yet this has been kind of the -- for 20 years or 25 years h.thehing that i've always wondered about is, i mean, technology moore's law, the power behind computing has advanced so much, why is it that it seemss ut of reach to have really good natural language processing and understanding? >> there are two major reasons, one is that, again, it's intrinsically complicated. >> a lot of things are complicated. technology has solved a lot of complicated things. >> yes, but this one has humans involved. >> true. >> think about it, when people talk about speech recognition the first thing people thought about these days are alexa, siri or google home, you sa sounds l solved the problem, but the difference this, when you talk to alexa you're talking to a robot, so it's basically a check bot thatis your short question and answers the question, but when tk to another perso

wray: i would say our relationship with silicon valley is complicated. [laughter] think we aret i having increasingly positive interactions with them. we don't always agree on everything, but we are not experiencing, that i can think of, any company that just says, we don't want to work with you. mr. haass: the most recent large-scale terrorist attack a few days ago was in sri lanka. what does that tell us, what lessons, how should we understand that, perhaps, an act in any way differently going forward? dir. wray: without commenting too directly on the sri lankan attacks specifically, other than to confirm the fbi has sent personnel over to assist in the investigation to work with our partners over there, i do think it is a reminder that the terrorist threat is not yesterday's news, not yesterday's problem, is not gone. i sometimes think people in this country and other parts of the world have started to get blase or complacent about it. it is a chilling reminder the threat is real. that folks can radicalize in a virtual way, which is a bigger and bigge

the silicon valley is a kind of more recent manifestation of the same problem. but in terms of the sort of, you know, that -- in a sense what you've to kind of outlined is a kind of darwinistic idea of truth which is the only way in order to work out what is actually true about the world is just to chuck everything into the pod and let them all be in some kind of war with each other, and what emergings in the end is what we call truth. there is a crude version of a certain type of philosophy of what knowledge is. people like karl popper, there is a certain sort of way of defending a more sophisticated version of that. but ultimately, i think that what we know about that is that it works in the short term in the sense that it's sort of, you know, people are basically gaming the system in order to reach the top of some kind of pile rather than to actually kind of, you know, a sort of consensus kind of pursuit. p. >> and it strikes me too that the defenders of the enlightenment, the self-described, that that particular crowd of people is enamored with debate as the

w carlh the silicon valley leadership group and guy with kqed, thank you, both. >>. thank y >>. >>> now to the emotional life of animals. forre than 40 years dutch scientist has been studying primates like chimps, our closest biological relatives. he has tracked and do you meaned their social behavior from acts of cooperation to fierce power struggles between rivals. it was a moving embrace shared between his mentor a an elderly chimp named mama that inspired him to write about emotions in the animal ash he says it's not justhumans who are capable of joy, guilt, and other complex emotions. >> proerch,thank you so much for coming in. >> you center this book around a chimpanzee named mama. specifically, mama's's good-bye with smebody who had studied her for a very long time. can you talk about why you chose mamaan specifically why you use this interaction? >> well, mama has a sense that colony is a very large colony on an island, and she was a sort of central figure who kept the group together, and actually, you're noticing now she has died two years ago under some tur

ever read bartiromo with a respected voice on the economy and then later in the program changed silicon valley forever and eric schmidt is here but first us economy smashed estimates in the first quarter 2019 going at a better than expected rate of three.2 percent boosted by higher exports strong investor sentiment and business spending and intellectual property coming despite a government shutdown with the uncertainty over trade in a volatile and in 2018 admit story over a global slowdown. here to talk to me that all of the above kenneth it is a pleasure to see you. first reacting to the gdp numbers out on friday quick. >> i am an optimist on the economy that i did not expect this. we are growing at about two.5 percent. these numbers, and in terry's - - inventories they move a little bit but it obviously shocked people. maria: what stood out to me was spending on it and business spending because cap x has been scrutinized but if you look today they are spending on technology and cap x that was u up. >> it's hard to know what that number means it is a bigger part of the capital stock but obvio

talk about silicon valley which where —— which is where some of the richest people of the planet liver an awful lot of poverty and this story talks about how the city of san jose poverty and this story talks about how the city of sanjose which is in silicon valley has a massive amount of homeless residents, 4300. it is trying to do something about it. explain it to us. there is a good point. when you see the areas with the richest people, there is often of course a disparity. so many homeless people. the city of hands that —— san jose homeless people. the city of hands that —— sanjose is trying to do something. temporary housing, we know it gets a lot of press. what the mayor of sanjose is looking to do is to build temporary housing in order to get those people off the streets and into temporary housing to then moved to a view of getting into more permanent housing. to then moved to a view of getting into more permanent housingm would only be temporary. is that a good answer? it's difficult, all of these things need money and research andi these things need money and research and i thi

>> you know, i was in a relationship with silicon valley is complicated.[laughing] but, but i think we are having i think increasingly positive interactions with them. we don't always agree on everything. we're not experiencing that i can think of any company that says we don't want to work with you. >> the most recent large-scale terrorist attack, an awful in a few days ago was in sri lanka. what is your take on what lessons can what does that tell us, what lessons of how should we understand that and perhaps acting wickedly going forward? >> well, without commenting to directly on the sri lankan attacks specifically, other than to confirm of course the fbi has sent person over to assist in the investigation to work with our partners over there, i do think it's a reminder that the terrorist threat isn't yesterdays news, isn't yesterdays problem, isn't con. i sometimes think people in this country and other parts of the world have started to get maybe a little laws a our little complacent about it, and it's a pretty chilling reminder that the threat is rea

that's silicon valley. sixth largest point yet we have the highest rate of welfare and poverty than any other state. they say silicon valley takes its money and takes it out of the country but they won't even invest in our banks. that really worries me. i think you're more liberal i would say. i have no problem with that but as long as the money gets distributed right. it seems that silicon valley and the way they run out of our country with the money. you seem to argue the point against wall street but you don't say anything about silicon valley. what would you do about that? >> robert, thank you very much. audio, have you recorded audio versions?>> there are audio versions to all of my books. atleast the last three books that i know of. in fact, the one for collusion , which is the most recent book, i think is phenomenal. >> did you do the audio yourself? >> i didn't. i know it was done. a lot of names in collusion. a lot of chinese and japanese names. and the woman who actually does the audio spent a lot

in silicon valley, dave lee.s started to close the us border with mexico while no action has been taken of the gift. —— has threatened to his suites are already having an impact wasn't really this week the price of avocados soared on the wholesale market by more than a third. that is because 80% of breakfast favourite consumed in the us come from mexico and it is notjust avocados that will be hit by the closure of the border, the whole raft of agricultural and industrial goods as well as tourists would be caught up in any destruction. from the london school of economics, somebody told me about the impact of the trade dispute. it seems to be another theatre of brinkmanship and a long list of brinkmanship that seemed to characterize economic diplomacy today. precisely at a time when the centre stage, us china trade work, seems to be the escalating. this does not seem to be the base case that trump will go ahead with closing the border. —— us china trade war. but if it is not, it is not something we can ignore. how

. >>> some of the support to rebuild notre dame cathedral's coming from silicon valley. tim cook says that the company will be contributing to the donation and rebuilding efforts. they say the restoration could caught take more than 10 years and cost billions of dollars. the use of technology could be key. the entire cathedral was scanned with lasers for recent videogame. >> it could rebuilding, because they have that documented very detailed information about how cathedral looked. >> so far, donations have come in from everywhere, including celebrities and companies like l'oreal and other companies. >>> more than 20 other schools in colorado under heightened security. a woman the fbi is looking for and why she is considered armed and extremely dangerous. >>> also, millions of americans in the central and southern states are in more severe weather. we have a look at what they are expecting, still ahead. >>> good morning. we have traffic that is going l bit more about the morning commute, coming up. >>> after yesterday morning, rain. we cleared out with mostly cloudy. we

companies and when they're ready to go off they go off and we get them in front of certain folks in silicon valleyalley or paradise this is going to be silicon 305. 30 f-i 30-fi. >> we've had a bunch of companies list to go public this year we saw wework. we've got pinterest is out there right now. we've got lyft which has struggled. uber is coming are these names you're going to get in on or you're already in on or are you focused on the next generation of investments >> i'm definitely focused on the next generation of investments to be honest with you. actually i missed out on uber at an early stage but as far as all the companies going public right now it's a great thing to study on what's going on and how much of it is fluff and how much of it is real and that's why i like to sit back and look at -- to be able to see it from the root to the fruit and what i mean by having it here in miami and seeing these companies when they are birth td allows to us understand and evaluate what the outcome's going to be in the future. and that to me is the best process because i love to see the journey and i

. >> who'll receive better on capitol hill the titans of silicon valley or the titans of banking tomorrow >> or the drugs? >> let's bring everybody down and teach them a lesson. >> what would that lesson be >> that you made a lot of money. >> that's not really a lesson. >> well, when you take that with dalio, you kind of get this image of society is broken that these people make much more than regular people >> well, that's true >> so your an economist, too >> oh yeah, that's me. >> it is funny, there is a difference between observation and ideology observation is ceos make far more money elizabeth warren said that on "mad money" verses 1980. people just immediately said well, she's a radical house of fire she was quoting reagan's view. it highly changed. >> although bank of america, moynihan raising their minimum wage to 20 an hour in two years it will go to 17 in may. they got a couple hundred thousand employees if you work at bank of america, you will make 41 grand >> you kind of have to do it to get people we are paying $18 an hour for dishwasher >> my wife has been doing dishes >> yo

this gets at all the silicon valley companies with the exception of apple that struggle with freedomf speech, libertarian, we don't want to get involved in what people say. ultimately they have to get more involved and get rid of the crap on the latino forms. they have to behave the way media companies have behaved forever. >> to that point most likely the entrenched networks didn't mind when the fcc said here's the words you can't say on television you need a fairness doctrine here's the rules for political advertising. is there a case against government, you know, having some kind of a boundary here and essentially telling these companies what they are trying to solve for >> the case against is we have no agreement like, you know, i think he's right. congress wouldn't come around to these kind of designates it's incredibly difficult and involves these huge partisan questions. republicans are blaming facebook for censoring their speech democrats want them to go after, you know, white nationalists these get to kind of the core issues of our politics and our democracy and i just don't

done ahue is with us after the break and later on equal payday, we talk to the firm advising silicon valleyames like lyft, airbnb on how to close the pay gap. wa friend get a dog. >> get clean on the herbalife thing. >> i didn't get on t >>> stocks did a nice job of holding yesterday's gains until the last half hour or so. dow's down 126. apple leading the index and walgreen's boots alliance down 12.25%. we're back in a moment. >>> welcome back to "squawk alley." we just heard from the imf christine lagarde moments ago. let's head back down to d.c. and sara eisen who joins us with another special guest. hey, sara. >> reporter: hey, morgan. i'm here with tom donahue recommending 3 million businesses across the country. thanks for having us here today. >> glad to be here. >> top of mind is the president threatening to shut down the u.s./mexican border. you guys have advised strongly against this. what would the economic fallout look like? >> first of all, you have to wonder because it hasn't been specific, what would be shut down, for what purposes. surely we don't want to shut down the peopl

my friends in silicon valley on -- are working on trucks that can drive themselves with the american reason, money. some people are screaming, yes, money. oo.ike money, ti $160 billion in financial , do you-- incentives want to bet against $168 billion year in financial incentives? they tell me that they are five-tenures away, testing robot trucks in the midwest right now. takeill the truck drivers it when they see robot truck drivers pass them? there are dozens of truck drivers that protested in indiana, they did a slow roll, they drove their truck slowly on a highway and drivers were like, what is going on? why are these trucks going so slow? what were they protesting? they did not like being digitally monitored. there is a 14 hour restriction on driving a truck and after 14 hours you have to turn the truck off or he gets mad at you. how are they going to react when competing against robot trucks that never need to stop? they will take it very poorly and only 13% of truckers are unionized today. we are talking about dramatic transportations -- transformations in our economy and i c

. >>> coming up next, the snl star taking on a silicon valley ceo's rise and very big fall. yap yap yap yip licking, scratching, scooting, and rubbing... may be signs of allergic itch, a medical condition that may require fast-acting, prescription apoquel. apoquel has helped over 6 million itchy dogs get the relief they deserve. apoquel goes right to the source of itch to provide relief in as little as four hours! woof because nothing should come between you and your furry friend... ...especially not allergic itch! apoquel is for the control of itch associated with allergic dermatitis and the control of atopic dermatitis in dogs. do not use apoquel in dogs less than 12 months old or those with serious infections. apoquel may increase the chance of developing serious infections and may cause existing parasitic skin infestations or pre-existing cancers to worsen. do not use in breeding, pregnant or lactating dogs. most common side effects are vomiting and diarrhea. don't wait. ask your veterinarian about apoquel today. apoquel. it's fast itch relief. paws down. bark the follow