ipos are the emblematic event of silicon valley. r a long time, every business plan said at the end, and then we will sell to google. but in the last few years taking off again it has become ipo valley once more. that is fine. it is democratizing. people get to participate in the process of creation of making wealth. i think that is much as entrepreneurship is the heart of the valley. >> it almost seems like for a while there not only were startups keeping money to keep multibillion-dollar uniforms as they call them if you are a chip company perhaps an intel to buy you if you were a social media company or an instagram ear thing facebook's going to come in and give you a billion dollars. but then you are right we started to see more ipos. as a journalist i like to see that because they are independent. i remember when microsoft thinking that would be sad if yahoo goes away because they are absorbed by another giant company and end up going away for different reasons. >> the big companies are making themselves immortal. here at facebo

that idea of singularity is captivated in silicon valley. i think it retards technological progress rather than simulating it. >> how is that? how did slow technological progress? >> because technological progress we are human beings with minds, wills, and imagination counter actuality and all of the capabilities of human beings are what technology extends and elaborates and allows us to contribute to human life and achievement. to try to separate technology with the apocalyptic idea which leads people like elon musk to say >> things like ai represents the end of the world. steven hawking also made some preposterous about ai if it succeeds we will and the human race. these people are like doomsday adventists on the mountain awaiting the end of the world. it is just ludicrous. it is one of the stupidest things i have encountered in my 81 years of ruminating on these subjects but. >> george gilder, don't algorithms represent a crude thinking on their own for computers? >> of course, computers are very good for computation. they can do pattern

that idea of singularity's captivated in silicon valley. i think it retard's technological progress rather than simulating it. >> how did it slow technological progress? >> technological progress is meaningless without human minds. we are human beings with mines that have wheels and imagination and intuition and counter actuality -- actuality and all of the capabilities of human beings are wet technology extends and elaborates and allows us to contribute to human life and achievement. to try to separate technology with this kind of apocalyptic idea, which leads people like elon musk to say things that are stupid, like a i represents the end of the world. stephen hawking also made some preposterous comments about a i, if it succeeds we will end the human race. these people are like doomsday advent estates on the mountain awaiting the end of the world. it's just ludicrous. . it's one of the stupidest things that have been encountered in my 81 years from ruminating on the subjects. >> don't algorithms kind of represent a crude thinking on thei

>> this book is about the crazy religion that has captivated silicon valley where somehow, their machines can eclipse human intelligence. it cascades through the universe producing an ever more brilliant machine without our help. leaving us behind on the beach collecting guaranteed annual income while larry page -- nearby planets with elon musk. maybe with france aboard now. it is this illusion that somehow the human mind is a computer and can be excelled by computers that has captivated many figures fin silicon valley as a kind of new religion. it is nonsense as i show in gaming ai which is not a great title for a critique of artificial intelligence, but, artificial intelligence began by playing games. and then it moved on to beat all of the great figures. a world champion was defeated by an ai device. from these successes and games of the masters of silicon valley have imagined that they can create general-purpose brains themselves. this is a great solution and it results in bad strategy and what you want to do is enhance human minds not try to usurp their customers and creators. >> in

. >>> this week documenting the life of one of silicon valley's most mysterious people, peter teal. plus dr. christina is revolutionizing pharma. and an emergency exit in the age of covid. that's this week on "press: here." good morning everyone. i'm scott mcgrew. lots of new industries have popped up to help solve the problems that covid has created. masks and gloves and zoom and hand sanitizers. but one of the most unique and expensive i've seen lately is something called covax global, covac as in covac evacuation. for a fee, covac promises to get you home if you get sick. ken mcilroy had to take advantage of that, on vacation to belize only to fall ill during the trip. you've got to get back into the united states. tell me about that adventure. >> you know, you think about i didn't really know whether i was going to get it or not get it. and we were going to belize and we were in the hotel. and you know, there could be a chance. and the last thing i wanted was to be in another country and be sick. obviously i had never had it before, and how sick are you going to be? well, i boug

he ended up in silicon valley.e was the founder of something called napster which the younger viewers may not know was a music sharing site that was put out of business because they were stealing peoples music and people were trading music when i was younger. he befriended mark zuckerberg and the very early days of facebook. he made his initial money by being the first president of facebook. he did not last long there but when you get in at the ground floor in silicon valley, after you leave the company, you can ride the escalator up and that is how he made his money and he is made shrewd investments. one thing that is interesting about that click to capture something about sean parker's intention, you could see he was talking about investing money in businesses. that was his vision and he told me that. there is some money going into operating businesses. there was a little brewery not far from here in d.c. with opportunity zone money but he did not appreciate most of this money is going to real estate. that was no

he ended up in silicon valley.e was the founder of something called napster, which the younger viewers may not know, but was a music sharing site that was put out of business because they were stealing music and people were trading music when i was younger. and then he befriended mark zuckerberg at the very, very early days of facebook. and he made his initial money by being the first president of facebook. he didn't last very long there, but when you get in on the ground floor of silicon valley, even after you leave the day, you can rise up. one thing that is interesting about that let, and it really captures something about his intentions, you can see that he was talking about investing money in businesses. that was kind of like his vision. he told me that. there is some money going into operating businesses. this actually a of brewery not far from here that has got some opportunity zone money. but he didn't appreciate that most of his money was going to real estate. that wasn't his plan. and that is what happens

as a tech destination, what do you think miami has on silicon valley right now?> we have a lot of things. we are number one in the nation in new tech jobs, number one in the nation of new tech job migration in the last two quarters. we've done over a billion dollars of tech closings of venture capital deals, which is about a 200% increase pre-pandemic. we moved about a trillion assets in the city of miami and created over 8000 jobs, and average salary of $120,000. we have a significant runway for growth which is missing in some cities in america. we can grow 10 in our physical landscape from what we are today. many urban cities in america cannot say that. emily: miami is still well behind san francisco, new york and other areas in terms of venture capital funding. it's not even the biggest tech job creator in florida. that's jacksonville and tampa bay. how do you see miami changing the dominance of san francisco? >> the figures you show are from 2016-2020. those figures are accurate for that timeframe. we are headed into to pay 22 and the how can i help tweet is

there _ major tech giants of silicon valley. there were - major tech giants of silicon . valley. . _ later, jamaal khashoggi was murdered, and— later, jamaal khashoggi was murdered, and there - later, jamaal khashoggi was murdered, and there was i later, jamaal khashoggi was murdered, and there was a . murdered, and there was a freeze _ murdered, and there was a freeze for— murdered, and there was a freeze for about— murdered, and there was a freeze for about a - murdered, and there was a freeze for about a year- murdered, and there was a freeze for about a year or i murdered, and there was a - freeze for about a year or ato, teal, _ freeze for about a year or ato, teal. but— freeze for about a year or ato, teal. but i_ freeze for about a year or ato, teal, but i would _ freeze for about a year or ato, teal, but i would say— freeze for about a year or ato, teal, but i would say that - teal, but i would say that that is pretty— teal, but i would say that that is pretty much— teal, but i would say that that is pretty much behind - teal, but i would say that that is pretty much behin

in silicon valley, facebook _ profits. in silicon valley, facebook has _ profits.ok has pushed . profits. in silicon valley, i facebook has pushed back profits. in silicon valley, - facebook has pushed back saying some of the research presented is misleading and despite the fact that instagram concluded it could be damaging for children's mental health, it also says it could have a positive impact. reacting to the evidence was the president of content policy.— of content policy. again, any time a single _ of content policy. again, any time a single team - of content policy. again, any time a single team is - of content policy. again, any time a single team is having| of content policy. again, any. time a single team is having a bad experience that is too much and one — bad experience that is too much and one thing that shows we are prioritising safety about profit _ prioritising safety about profit is the fact we are asking _ profit is the fact we are asking these questions. facebook is that it has postponed a controversial project to create instagram for kids but

but the silicon valley name that's been lending to valley start-ups for more than three decades, havingey hand over fist,svb group, a beast on both the top and bottom line. -- beat. revenues, i've got got to check this, 1.52 billion or is it higher? let's bring in ceo greg becker. let me start with that sales number. is it 1.7 or 1.5? you've got to let me know, because we have some questions about that. >> yeah. so we look at total interest income ask is all our gains, it's 3.7 billion -- 1.7 billion when you look at revenues. what we look at is revenue's great, but it's also your client funds growth, your positive growth and and, of course, your bottom line profitability. and as you talked about, the comment about the stock, it's really about the outlook. that's really what the investors are excited about, and so are we. liz: well, at 1.7 billion, analysts were looking for 1.3 billion, so blowing right past that. give me an indication x intel for the moment, how good are things in the valley right now? >> you know, it's not just the valley. it really is anywhere in the u.s. and really

you learn it, for me, in silicon valley.ou can't speak the language in that regard, you're silenced. and people look the other way when you talk. they don't listen to you. they push you into the other classroom and you start not being exposed to those same resources you need. >> what did you go through in that personal transformation of yours where you kind of shed that person you were trying to be or wanting to be to being your authentic true self? and what kind of switch did that come for you and what kind of doors did it open when you were allowed to be who you want to be and you fulfilled that? >> well, i went to morehouse college in atlanta, which is an hbcu, and i was exposed to myself there. i was exposed to every different type of the great diversity within blackness. and i really learned who i was while i was down there. when i went out to silicon valley, i was jarred. i was thrust into an incredibly white world and i tried to adapt so i could get promotions at google. and every day, it was another piece of myself t

but there's no accountability on the side of silicon valley. the accountability that's on the government. well, they don't have folks. they say we're not developing any of this, right? that some private company that's doing it. we have, we have created a leviathan. we've created a monster that is able to run a muck and do whatever it wants to do and we have no control over it. so while, while this pentagon chief, he's getting a lot of this, you know, security software guy, seen a lot of attention today, never though, look, here's the problem. china is more advanced and we are china, maybe more advanced. i'm not sure they're more advanced and silicon valley, are they more advanced than the pentagon? yes. but what he's not talking about is there has to be in this cold war, nuclear race, excuse, excuse me, for, for running for a technology. right. at some point we have to sit down and say, where are the ethical lines that have to be drawn? what are the rights of people in this? china is never going to have that discussion. we should be having that

but someone is silicon valley is right. so google and microsoft and amazon massive companies that are split out, spinning the pentagon, by the way, on the development of ai that is taking place every single day. the pentagon hasn't spent the money on it because depending on doesn't want to develop it. instead, they want to go contract with companies like amazon and companies like microsoft and google, who will then utilize their ai services on behalf of the pentagon. and then you don't have this kind of sticky ethical issue. so he completely ignores that part of it as if there's only 2 entities, china and the united states government, it's not, it's china and silicon valley that are battling as well. and is it more scary t though to have private corporations going to that sort of research or the government? neither one is necessarily welcome per se, but do one of them that you know, is someone that controls your daily life? so i would say both, right? i would say the problem is the actually the unholy alliance of what we ha

these days. >> for sure, like, silicon valley, like, bay area in general is really expensive.t plan on living here in the future. >> reporter: a future that people, especially young people, say is cloudy because of sky-high housing costs. >> it's not affordable anymore. you are not getting much. >> there is a lot of homeless people. >> reporter: according to the latest survey from joint venture silicon valley the top two concerns among those living in the bay area are the cost of living, cited by 84% of those who responded, and high housing costs, cited by 77%. >> this is a high-cost region and the highest cost of all is housing. >> reporter: joint venture ceo russell hancock says despite the strong economy and housing growth, housing is number one when we think about whether we can stay here. >> people that living in silicon valley have always been on edge. there is a sense that housing might be out of reach for you, certainly out of reach for our children. >> which does not bode well for the future of startups. traditionally started here by young people. by the way, wildfire

but we go from silicon valley to napa valley and speak with the ceo of silver oak winery about the stateness amid later -- amid labor shortages. i'm looking forward to that. amanda: that will be interesting. a quick check on the averages and we see something of a mixed picture. back into positive territory. for the s&p 500, it tells the story a little bit because the subgroup is utilities today. we will get a read on inflation this week, but a lot of flight -- a lot of stories and big swings in that regard. facebook today, trading lower on the day but facebook is upping its capex and bank of america says that will benefit chip stocks, particularly nvidia, going for a big ride as a result. lockheed martin down sharply on the outlook it is facing slower sales in 2022. definitely seeing some big moves based on individual stories. one of those individual stories is our stock of the hour -- draftkings has decided a $22 billion bid was not worth the odds. analysts think the run and sports books is not over. kriti gupta has a look at this. >> really interesting to talk about the fact that this

i'm curious with this global perspective on silicon valley, what do you see? lica and bally doing right by the world? >> silken valley needs to invest more in climate change directives. we are seeing too much on buy now pay later. we are investing and we are finding stuff not in silicon valley for the most part. we are finding it all over the country and the u.s. but also europe, southeast asia, india, i am bullish in seeing that this industrial revolution is happening and it is happening everywhere and there are many companies outside silicon valley doing it. it is not just going to come from silicon valley. we need to do it everywhere and make sure it is local for the communities and what they need. emily: congrats on the ipod anniversary. 20 years. 10 years since nest and continuing your work at future shape. it is great to have you here in person. >> it is great to be here. emily: coming up, and nfts pushing for more representation. we talk about the new minority own crypto investment firm metaphor next. this is bloomberg. ♪ emily: welcome back to "bloomber

you learn it for me in silicon valley.acular, in when you can't speak the language in that regard, you're silenced. and people look the other way when you. talk they don't listen to. you they push in the other classroom. and you start not being exposed to those same resources that you need. what >> did you go through that personal transformation of, yours where you kind of shed that person that you are trying to be or wanted to be, to being your authentic and true self. and how did that switch come about for you. what kind of doors did it open when you wanted to be who you want to. been you actually fulfilled that? . >> i want to morehouse college, for undergrad, down in atlanta, georgia which is an hbcu, and i was exposed to myself there. i was exposed to every different type of the great diversity within black, nice and i really learned who i was when i was down there, when i went out to silicon valley, i was jarred, i was thrust into an incredibly white world, and i try to adapt, so i could get promotions at google. in

you will never see a youtube tower in silicon valley because it never went public. it was acquired by google. we are in danger of impoverishing our commercial technology ecology in this country. there are way too many big companies soaking up too many small companies, and we are losing the diversity that led to the richness of our standards activity to begin with. i have nothing against large companies, i was on the technology boards of several of the, but i am not looking at the re-letter companies or telecoms to do innovations on standards. that is the job of small companies. we need to preserve the innovative environment out of which standards of the future will come. >> we have a question from the audience. would any of the panelists care to comment on china's patents, including pursuing their standards initiative? would anyone like to tackle that one? >> i will jump in first. yes, standards, essential patents continued to be a factor in emerging technology areas. chinese companies are in some ways, looking to the practice of their western counterparts for many

i live in the heart of silicon valley. i've started and run a tech company. know this world very well. i know the ceo of youtube who needs to be held accountable for this. she's not a bad person. the if you met her, you'd see immediately she's a good person, in fact, a very down to earth person. google was literally started in her garage. they said they were going to democratize information. and, to be fair, in many ways they still do, helping people express themselves, connect with others, helping entrepreneurs find customers and artists to find an audience. but there's a dark side, and it seems to be getting darker. we talk about the how big tech's control over our society's orwellian. 1984 and big brother. there's another george orwell book that's just as relevant, "animal farm," where the revolutionaries turn into the very thing they fought against. that's what we're seeing now, the idealists of silicon valley are also the most menacing authoritarians of our age because they threaten the foundation of a free society, free expression. when you're doing the

business, development business, back in the late '60s, early '70s, long before it was known as silicon valley guess we were in the right place at the right time. and so we really feel, since we have been able to be successful here, that we ought to be--we're obligated to share that success with the other folks in the community that could use a helping hand. damian: no, and i think it's appreciated by all those folks. so you were actually one of the pioneers who helped transition the valley of heart's delight into silicon valley, then? john: yes, not the traffic, but-- damian: [laughing] well, it came with it. we do have some artist's rendition. now this is your latest endeavor. this is a donation to santa clara university. talk about the plans there with the university. john: all right, we're gonna be starting construction in the fall of 2018 on what's gonna be known as the sobrato campus for innovation and discovery. it'll be a huge building, 300,000 square feet, and probably 3 or 4 times larger than anything else on campus. and the whole purpose of it is to bring all the various disciplines

the silicon valley legend and co -founder of elevation partners is here on why he says we are headed to catastrophe unless facebook, meta is reigned in by voters and regulators and let's get ready to rumble, tech titans apple and amazon report earnings after the bell, our panel here to tell us what you've got to watch out for ahead of the big releases. we've gotta get to this breaking news, d.c., president biden now on air force one heading to rome for the g-20 summit but he spent the morning walking the halls of congress ensuring that fellow democrats were on board with his subsequent announcement that there is now an agreement on a $1.75 trillion social spending bill. the house rules committee holding a meeting on the build back better plan right now. this will provide free kindergarten to millions of kids , expand healthcare programs and invest billions in clean energy among other things. the president calling it historic and says it will fundamentally change the lives of millions of people for the better. this part of it is very crucial, because it opens the door to a vote on the

you're interchanging ideas right now between mexico and those companies in silicon valley and the bay remedios: yes, yes, indeed. actually, we just had, this past week, a visit from three different states of mexico: the state of mexico, the state of jalisco, the state of puebla, all of them coordinated by the foreign office ministry of mexico, and they came here to see how we can join efforts in order to improve the technology and how we can work together. i mean, there are many assets here in this bay area and silicon valley, not only people but also what companies are doing and we think that we can engage from mexico. we are also working on technology and digital services and the trade agreement between mexico, united states, and canada has a new chapter about digital trade, for example. so they came here looking for businesses and i'm sure we will be doing more together, bay area and mexico. damian: and it's not just the mexico states receiving information and ideas from here, right? the united states is getting ideas from mexico as well because there's a lot of smart people south

the largest donation humane society silicon valley has ever received. how the organization says the multi million dollar contribution will help. for a new safe parkinr rvs and cars at candlestick point, the secure site at candlestick point state recreation area will host 177 people who live in their cars or rvs. complaints about homeless people parking along neighborhood streets prompted the city to set up 150 parking spots at candlestick point for the homeless, there will be round the clock staffing and security lighting, electricity bathrooms, mobile showers and fresh water at that site. in san jose. police and city crews were removing debris from a homeless encampment. but as ktvu is jesse gary tells us some homeless people living there misunderstood what was happening and thought they had to clear out immediately. thursday morning before the sun came out, and the rain stopped. san jose contractors moving debris to the bewilderment of some homeless residents who thought it was a signal to leave right now just trying to gather things and transport. i

up, how to avoid flipping or flopping while you're flipping >>> elon musk saying good-bye to silicon valleyrand new tonight. why the world's richest man is moving tesla to austin, texas. and what that means for his massive car plant in california. yo lcome 1, guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll

up, how to avoid flipping or flopping while you're flipping >>> elon musk saying good-bye to silicon valley this is brand new tonight. why the world's richest man is moving tesla to austin, texas. and what that means for hi there is something i want to ask you. um... the new iphone 13 pro is here, and when you get the new iphone at t-mobile, trade-in value is 'locked in' forever. we can always have a new iphone, forever? fall in love with iphone. when you get one now, you can upgrade every two years forever. ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. >>> at least four people,

up, how to avoid flipping or flopping while you're flipping >>> elon musk saying good-bye to silicon valley this is brand new tonight. why the world's richest man is moving tesla to austin, texas. moving tesla to austin, texas. and what that means for hi at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. your doctor gives you a prescription. let's get you on some antibiotics right away. you could have it brought right to your door, with 1-to-2 day delivery from your local cvs. or same day if you need it sooner. but at a time like this, aren't you glad you can also just swing by to pick it up? and get your questions answered. because peace of mind is something you just can't get in a cardboard box. that's healthier made easier. at cvs. it's moving day. and while her friends are doing the heavy lifting, that's healthier made easier. jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but wha

north of silicon valley, everything is fine.ash off to the shoulder right now. >>> warriors fans can expect changes for the pre-season game. for starters, there's proof of vaccination required to get through the doors. on a lighter note, the concession stands rolling out new food items. take a look. get a test run tonight. the warriors take on the denver nuggets. the regular season gets under way in 13 days. >> nachos, oh -- >>> coming up this morning, san jose shark's star, evander kane facing accusations that he may have left other players at risks. >>> and washington sugge and this is better than we were down about 180 points. >>> it is officially fleet week. coming up, you will hear about the sailors as well as what you can expect during this week's event. >>> will tahoe stay blue with all the recent wildfires threatening one of california's greatest treasures. coming up next on nbcbayarea.com, our team looking at the growing concerns about the glowing pristine blue water. you can check that out on our website or mobile app.

let's speak to our silicon valley _ to our silicon valley corresponding for the washington post who is get what james was saying there about the smoke and mirrors and a second but first, companies rebrand quite a lot, so is this major? mcrae i think facebook major7 mcrae i think facebook wanted to be as major as possible because it will distract attention from some of their problems. do you think thatis their problems. do you think that is entirely why they are doing it? i that is entirely why they are doin: it? ., �* ~' , doing it? i don't think it is entirely but _ doing it? i don't think it is entirely but i _ doing it? i don't think it is entirely but i think - doing it? i don't think it is entirely but i think it - doing it? i don't think it is entirely but i think it is . entirely but i think it is related. mark zuckerberg basically got really into the concept over the last year that is from science fiction but is starting to be popularised by a lot of thought leaders in silicon valley and it is this umbrella concept that when a company has lots of platform connected including vi

and it kind of played fast and loose like a lot of startu ps in silicon valley did.ben's fascinating coverage, i was having flashbacks to the wall streetjournal report from years ago on theranos. just to update us what is the actual state of play right now with ozy media? they shut down on friday. the ceo then came on monday- and un—shut it down and compared the company to lazarus who jesus rose from the dead. _ and are now facing lawsuits from investors who would l like them to shut back down and give them back their money please. - 0k. the reason we asked about... i asked what this whole notion of what this whole notion of the public is interested in is because that is the kind of investigative journalism that i can argue all four of you do. i mean, alexandra from the economist, frances haugen, the former facebook employee appeared before the us senate this week accusing facebook of harming democracy and putting profits before public good. now obviously they deny this and have disputed much of what she said, and this all seems like a juicy story. but i want to read

along silicon valley and the peninsula, no issues. there's a crash here on highway 13. still no details from chp. the travel times for that area, it's a longer drive for highway 4, from antioch bridge to 242, about half an hour. no major problems since you pass grant line road out of the altamont. here is a view of the low clouds we're talking about, they're creeping around. >>> coming up next on "today in the bay," new demand surge that could make your favorite spices hard to find. >>> what exactly are teens spending on? we'll look at that coming up later. you're watching "today in the bay." (male prisoner) no! turn it off! turn it off! after all this time, (male prisoner) let me out, please! just let me out of here! there are still those who haven't learned their lesson. (female prisoner scream) never. go. alone. universal studio's halloween horror nights. back with a vengeance. brace yourself for netflix's the haunting of hill house, the excorcist, and more. >>> good tuesday morning. it's 4:42. we are looking at san jose, and the current temperature now 60 degrees. i

my initial as an ordinary user for the tools and technology that came out of the silicon valley, the y is the one that is so important to me. the big tech company is located here in the valley. partially in seattle. acquiring a grab over our lives. our lives as individuals and citizens in a democratic society programming david, that countercultural attitude of the early age, they have now become the goliath. the pandemic has reinforced this for me at least. we were already aware of some of the problems of big tech 18 months ago. now our lives have become even more in mesh and the decisions made by a very small number of people with a very small number of tech companies. working 18 months ago dependent upon the small number of platforms for our private lives, for our educational lives. the power that is vested in just a tiny number of people in silicon valley announced to private government. that is not serving us, the citizens very well at all. >> taking the technologists point of view. the standpoint of how we actually think about the system. the technology systems get built with par

the company is based in silicon. company is based in silicon valley— company is based in silicon valleyn the us. they don't have that sense _ valley in the us. they don't have that sense of- valley in the us. they don't have that sense of context. valley in the us. they don't i have that sense of context and every — have that sense of context and every similar_ have that sense of context and every similar country. - have that sense of context and every similar country. so - have that sense of context and every similar country. so there were _ every similar country. so there were efforts _ every similar country. so there were efforts to _ every similar country. so there were efforts to try _ every similar country. so there were efforts to try and - were efforts to try and understand _ were efforts to try and understand this - were efforts to try and i understand this better. were efforts to try and - understand this better. what is clear— understand this better. what is clear from _ understand this better. what is clear from the _ understand this better. what is clear from the documents

don't have enough supply. >> it's not just silicon valley issue but california issue.eficit more than 3 million homes in the state currently. effort to make a dent in the crisis, kaiser permanente bought two houses and donated to habitat for humanity and land trust. volunteers worked to update the homes, complete remodel, new windows, doors, cabinets and energy efficient appliances as well. >>> the holiday season is around the corner and tonight the cdc is updating holiday guidance. first of all, be fully vaxxed. recommending hosting a virtual party as opposed to in-person. but attending gathering, outdoor parties are always safer. generally don't need mask at outdoor celebrations but always at indoor public places and parties. hosting a party indoors like we learned last year, open windows to let fresh air in. >>> look up, all week long bay area skies are roaring and rumbling, fleet week is back. virtual last year but this year real deal, more than 1 million people expected to come to san francisco for the celebration. today the blue angels doing test runs. businesses

. >> coutesla'move out of a bafor businesses in silicone valley? >>> and the state finally dropping the hammer on these illegal sideshows. the new law on the books tonight targeting those dangerous spectacles. >>> we never seen anything like this. it is completely shut us down. >> anger boiling over tonight in the wake of that devastating oil spill in southern california. how beach side bu >>> looking live at capitol hill. voting to raise the debt ceiling to december 3rd. >>> setting the stage for a budget showdown in less than 2 months. >>> also tonight, tesla is the latest company to hit the road and move its headquarters out of california. >> what does it mean for silicone valley? here is juliet goodrich. >> reporter: what is the driving force behind tesla packing up its headquarters and heading out of state? well, one thing is for sure the decision is certainly adding more charge to the mass exodus of companies leaving the golden state. [cheers and applause] >> reporter: applause after tesla's ceo announced the company is moving to texas at its