can you represent silicon valley in particular. your book is about creating tech jobs outside of silicon valley. can you talk a little more about that? rep. khanna: we have seen in this country massive loss of production. while some places like my district, silicon valley, thrive. $10 trillion in market cap. there were two mistakes. one, an insufficient respect for place. a lot of people love growing up in the community they are in and they want to stay there. they want to stay in the community where they have family, friends, and they want the jobs to be there. second, we decided that all this production did not matter. i don't understand the economic strategy. now we realize the consequences and the pandemic. we don't make masks here, we don't make a medical equipment here, we don't have enough semi conductors made here, where we have literally cars sitting idle fully manufactured but we don't have a semi conductor chip. so my thesis in the book is to say we cannot just have the concentration of an economy in a few areas like new

she's the executive director of the latina coalition of silicon valley.the show. thank you for being on. gabby chavez-lopez: yeah, thank you for having me, damian. good to see you. damian: thank you. we're gonna split the show into a couple of segments. our first segment, we'll start with the bad news. i wanna end with the good news 'cause you have a lot of good news to share out of the elections, but, first, what's your reaction to the fact that, in california--it was upgraded, but in california, during the 2022 primaries, only 15% of latinos went to the polls. gabby: yeah, i mean, i think that's very disheartening news. it's not, you know, news that i wanna hear in that, but i, in some ways, was expecting, i think, engagement overall through, you know, through the pandemic has been challenging, even with our own efforts around organizing and getting advocates out to, you know, really speak and advocate for different issues that are important to them. it's been a challenge, and i think we're competing with, obviously, a lot of things going on in the worl

in silicon valley many decades ago. now thanks to a major japanese company, the semiconductor presence here in the valley is about to make a comeback in a big way. >> this is a campus that originally started as a part of integrated device technology. >> reporter: the south san jose electronics campus has been through some changes but the biggest is about to begin. one of the biggest makers of semiconductors in the world will be expanding on this 16-acre silver creek campus and bringing 2,000 high-tech jobs. >> obviously silicon valley does continue to be a major source of talent, especially when it comes to things such as artificial intelligence. >> reporter: semiconductors are the electronic brains that run most modern devices like computers, cell phones, or tvs. renaissance's san jose campus will focus on emerging technologies to run future devices like self-driving cars, which are already coming out of silicon valley. >> it's very good to be close to the customer, understand how the markets are evolving so we ca

well, silicon valley continues to be the pride of america in the of the world as the most innovative ecosystem for the creation of new start up. so that will, that will continue about in our view too much venture capital is focused on a few places like silicon valley and not enough on the rest of the country over the last decade. 75 percent of venture capital dollars. the united states gone to just 3 states, california, new york and massachusetts. so the capital has gone to with just a few places, but entrepreneurs are everywhere, creating great ideas, new companies everywhere. so we're trying to do really, as so to level the playing field. so if you have a idea, no matter where you live, you have a chance of starting that company and scaling that company and the process creating jobs in that community and driving economic growth in that, in that community. so it starts with an investment strategy to back the entrepreneurs of the future, building the industries of the future and doing it all across the country. but it also ties in with some broader gotta impacts on communities even e

have to be in a place like silicon valley to be relevant in the innovation economy to raise capital. and so forth, but the good news is that's started changing over the last decade. i think it will accelerate over the next decade in part because of the pandemic which has kind of created this unlock between how you work and how you live and where you work and where you live. more remote worker is when people deciding to live at other places, still working for some company and some other other place. and that also is unleashing more capital. now, in the last decade, we've see that 1400 new regional venture firms backing start ups e merge. so it's, it's starting to move away from being so dominated by the coast, but there's still a lot of work to be done. and that's what we've been trying to do with that with this initially with start of america. more recently with our efforts around rise with the rest. no, one of the things that you have really done a good job, but i think you've kind of done it surreptitiously is you've brought in republicans and democrats out of the policy space and

.— silicon valley.another new entrance to the _ silicon valley. another new entrance to the race - silicon valley. another new - entrance to the race promising, yes, tax cuts straightaway. it's very important as we have this cost of living squares that people get money back in their pockets quickly.- their pockets quickly. these promises — their pockets quickly. these promises are _ their pockets quickly. these promises are what - their pockets quickly. these - promises are what conservative mps want to hear but cutting taxes usually means spending less or borrow more and there are warnings about the consequences. tt are warnings about the consequences. are warnings about the conseuuences. , ., �* ., consequences. if you're going to cut taxes — consequences. if you're going to cut taxes and _ consequences. if you're going to cut taxes and increased - to cut taxes and increased borrowing, probably the thing you don't want to do it is when prices are already rising at 10% or more. that means putting more

that's why we're called silicon valley. we can't afford to lose young people because they can't afford to live here. >> this is the start up place. can they go to other cities? >> we are seeing that go to austin, texas, miami, boston. they offers similar things. good education, benefits, salaries. and much lower housing prices. that's what's causing other people to move out of here and go to other places and that's why we lose. >> big companies are leaving california, as well. thank you. >>> speaking of big companies, twitters revenue is down. the company is winning. elon musk. the stock prices have also fallen, according to the company. elon musk is the reason for the slump. the uncertainty from the pending takeover by the templar ceo, is hurting business. >>> pet owners are being turned away, even in emergencies. how a nationwide veterinary talks about scrambling for care . >>> on the road to recovery. we will tell you how the historic redwood are coming back to life, two years after a fire. >>> i'm cheap meteorologist. a

yeah, of course it is expensive here, but silicon valley is where you want to be. reporter scott budman is here. what is going on, scott? >> audrey, this is the business and tech park that millennial's appreciate about the bay area, but the cost of housing, not so much. san jose is the best city for millennial to live in the entire country, and is not the only bay area city that made the list. san francisco came in fifth and austin, seattle, salt lake city. the survey says there are good jobs and lots of benefits if you work in tech. though they do admit it is very pricey. >> it is very expensive to live here. but there is a lot of job opportunities, i would say. i personally have very good experience finding a job. but, you know, rent is very high. >> i don't feel like the high- paying tech jobs can cover for everyone. so for people who not eventually going to go into six- figure positions, i don't see how you would be able to afford a house later on in life or just a path forward, i don't know what that would be. >> you heard it right there, scott. i'm a millenni

it would also help silicon valley. the u.s. senate pushed through a bill that gives $50 billion to the u.s. computer chip manufacturing. supporters say a larger computer chip industry would speed up our economic recovery from covid-19. senators will vote on the bill later this week or early next week. if passes it will go on to the house for a vote. >>> our business and tech reporter joins us now. this has a direct impact on silicon valley benefiting a lot of companies. >> yes, a lot of the companies that are here, they make the chips and process the chips, and send them out to car companies, computer companies, your refrigerator. everything runs on chips. they saw their stock prices go up today on the promise of not only boosting their bottom line, but ending a real crucial supply chain problem we've had in getting these chips after these products. this is not everything these companies wanted, but a pretty big step in that direction. >> right, it just passed the senate and it's up for the house next. how likely will it pass t

there are very few black executives and major silicon valley companies.nd small, black owned businesses are not receiving the support they need. one person said that the african american community has been celebrating juneteenth for 41 years. and yet a lot of the company's never reached out to the people who've been celebrating it long before it was a holiday. advocates also say some form of reparations and financial investment are crucial to engaging and maintaining the black community in the south bay close to 20% of the homeless population here in the county. how can we ensure housing for black residents? how can we invest in projects like that? how can we invest in agencies like the community service agency like the roots community health center and so on that serve our community. connor says that they will continue these conversations throughout the year in santa clara county announced today that they will join president biden's house america plan working to house 20,000 people by 2025. julie important conversations to have lamonica. thank you. elon

as a friend of silicon valley. set up is well underway for this weekend's oh bone festival, where ancestors spirits return to the world of the living, and japanese people welcomed their arrival. we are deeply grieved with the death of oh, prime minister, coming just one day after the death of former prime minister shinzo abe, reverend gerald sakamoto of the san jose buddhist church bets win says also serves as a reminder of the value of human life. grief that we share is not because you know we're japanese. it's because someone's life has been taken. prime minister abe was the first sitting japanese prime minister to venture beyond san francisco to the tech centers of the south bay on april 30th of 2015. he held a roundtable discussion and private meetings with the likes of mark zuckerberg of facebook, elon musk of tesla and jack dorsey of twitter. minister abe was courageous and energetic man. dr dan okimoto with the silicon valley japan platform helped to organize abe's visit here and says it was a game changer f

what is the latest twist in this deal and what it means for silicon valley? all right. time now is 6 12. it's july 8th, and we're taking a live look at the shore freeway has seen from every camera. traffic flowing usual at camera. traffic flowing usual at this time of the day. floor and decor, my go-to to get it all. tile, wood, stone and laminate — they've got it. installation materials — yup. and all the tools i need — they've got those too. more importantly, they've got my back with benefits and services i actually want and a pro app that makes my job easier. floor and decor just...gets it. and that means i get more done. at floor and decor, whether you're looking for everyday low pricing on in-stock job-lot quantities and installation materials, or a powerful partner to help take your business to the next level, we've got you covered. discover floor and decor today! billion deal to buy twitter, the tesla ceo sent a letter to twitter's board, saying he is terminating the acquisition, saying that the company failed to comply with its obligations. and it appears this m

was the first japanese prime minister ever to visit silicon valley. during a visit in 2015.ke at stanford and met with some of the biggest leaders in tech. ktvu is mark sayer has the story. set up as well underway for this weekend's oh bone festival, where ancestors spirits return to the world of the living, and japanese people welcomed their arrival. we are deeply grieved with the death of mhm. prime minister abe coming just one day after the death of former prime minister shinzo abe , reverend gerald sakamoto of the san jose buddhist church bets win says oh bone also serves as a reminder of the value of human life. grief that we share is not because you know we're japanese. it's because someone's life has been taken. prime minister abe was the first sitting japanese prime minister to venture beyond san francisco to the tech centers of the south bay on april 30th 2015, he held a roundtable discussion and private meetings with the likes of mark zuckerberg of facebook, elon musk of tesla and jack dorsey of twitter. minister abe was courageous and energetic man , dr dan okimot

in silicon valley many decadesks to a

there are very few black executives and major silicon valley companies. and small, black owned businesses are not receiving the support they need. one person said that the african american community has been celebrating juneteenth for 41 years. and yet a lot of the company's never reached out to the people who've been celebrating it long before it was a holiday. advocates also say some form of reparations and financial investment are crucial to engaging and maintaining the black community in the south bay close to 20% of the homeless population here in the county. how can we ensure housing for black residents? how can we invest in projects like that? how can we invest in agencies like the community service agency like the roots community health center and so on that serve? our community says they will continue these conversations throughout the year and santa clara county announced today that they will join president biden's house america plan. working to house 20,000 people by 2025. lamonica peters, ktvu fox two news. biden administration has announced $

we all talk about silicon valley when we talk about santa clara, the city of santa clara. but there is much more to the city than just the silicon ship is part of the stuff here in santa clara. we have the whole family out across this gorgeous city of santa clara. we're showing you where to go. have some fun. where to go eat. i know claudine wang gotta prime assignment. you're with some pretty incredible athletes. claudine. this is amazing. i mean, how often do you get to stand by an underwater window and check out incredible athletes, you may have known the sport as synchronized swimming. it's called artistic swimming now, and these are the aquaman aids where the international swim center will be talking them coming up because this program has sent two dozen athletes to the olympics has multiple olympic coaches. what a very cool sport. we're having such a good time out here talking to these folks, and we can't wait to share it all with you guys. it's going to be a very fun morning out here in santa clara. and frank. i know you've been busy as well, checking out all the ins

find us on pluto tv, channel 3350 and any >>> now at 7:00 silicon valley is returning to its roots with a new semiconductor business set to open. >> yeah. tokyo bay's rene sauce electronics corporation one of the biggest semiconductor manufacturers in the world. it plans to expand its business by adding a high tech campus in south san jose. the 16 acre site is located on silver creek valley road and the company says the project will generate at least 2,000 jobs. >> obviously silicon valley does continue to be a major source of talent especially when it comes to things such as artificial intelligence. >> semiconductors are the electronic brains that run modern devices like computers, cell phones, and tvs. rene says san jose campus will focus on new technologies to run devices like self-driving cars, made in the silicon valley. >>> comedian dave chappelle is coming to santa rosa this week. while all four of his shows are sold out he is meeting resistance as well with a petition now circulating to move the show out of the luther burbank center where the comedian is set to take the stage to

we have a little slowing in hayward and the silicon valley commute.ed a lot about that . you know why? because there's not allowed to it. you can see most of the freeways getting up to sunnyvale, cupertino and palo alto are doing very well. 7 51. let's bring rosemary in with today's weather, alright. headed into our friday with warmer weather, sal. good morning to you. temperatures are going to climb by a few degrees today. not much change tomorrow. i big warmup coming on sunday. how about that giving you a live? look here over sfo, where we do have the low clouds in place, although it that marine layer compressed by whole lot from earlier this week. it looks like just 1000 ft. or so earlier in the week, it was 2000 ft. here's a look at storm tracker too, and we've got some fog along the coastline little bit just inside the bay, and that's it. the winds are onshore but light so we'll call for morning clouds of warmer afternoon. not much change tomorrow. but by sunday will definitely feel a bigger push from that high pressure that will come in and driv

it is no longer full steam ahead for silicon valley. we will look at how amazon and apple managed to win over the obstacles. plus, the chinese government tried to create a stealth tiktok account to promote propaganda in the west. the ftc is signaling about an effort to sue the company. first, what a day on the markets. what a week what a month. the stock market has had the best month since 2020. the nasdaq 100, apple posting one of the best months since 2009. big tech into these trillion dollar companies are back on top. tesla, we just threw it in there because it wouldn't be fun if we didn't mention tesla at least once a day. tesla is up 30% for the month. we will talk about energy later. the big technical levels we have seen trying to recruit -- recoup the big losses. go cross asset. big tech has been really boosted by yields declining 44 basis points on the month. that's really where you have technology get a lift. i do bitcoin just for you. >> thank you, we appreciate it. let's look at amazon. proving its e-commerce power in the com

the scam targeting people in the silicon valley. >> the scheme is effective.e get victims who lose their life savings on this scheme. j.r.: it's not about pigs. it is all about crypto. the i team investigation. spencer: we are getting increasing clouds and humidity. might we get some much-needed showers? now you can save big on supersonic wifi from xfinity. can it handle all of my devices? oh, all that. and it comes with a 2-year rate guarantee. what?! ok! no annual contract. no equipment fees. oh, and a free streaming box. oh, i like streaming. it's all just $50 a month when you add xfinity mobile with unlimited data. will you add a motorcycle? no... did you say yes? the new xfinity supersonic bundle. it's kind of a big deal. when i make decisions as a leader, it's not about me or the folks that are here. it's about the next seven generations coming behind us, making sure that they have the ability to move forward. prop 27 will help small rural tribes like mine get a seat at the table will be transformational for my tribal members. taxing online sports bettin

and how this case will change silicon valley. >>> then. >> they got out the car. and my tire was totally flat. >> a woman says someone left a note on her car, saying they intentionally let the air out of her tires. and she says she was targeted because of her suv. the story now going viral. let's get another shooting investigation on an east bay freeway. we're talking to mayor libby shaft about the plan to crack down on them. >>> good evening, everyone this is nbc bay area news tonight. and we are following major developments in the bay area. many stories we have been watching for a while now. in san francisco, there's a new district attorney. and sonny valwani and the ex- boyfriend of elizabeth holmes, found guilty on all counts. but first, let's talk about the new district attorney. two hours ago, mayor left-hand london breed announced her pick, brooks jenkins. she will replace her former boss who was recalled last month. she is a former san francisco district attorney. she first workedurn george gascon. she resigned in october. at the time, she told our senior

that is what he said when he was in silicon valley.at me, i'm just an ivy league, you know, vent you'll capitalist in silicon valley. and then he goes and campaigns in ohio and he's like, i hate silicon valley. and so, it is funny how he talks like a southpark character. he just does. but you look and you see tim ryan up, again here is a guy from ohio, youngstown, ohio, and loves ohio. campaigning in ohio. and he's ahead there too. once again, republicans could have picked somebody that wasn't going around talking about crackpot theories about stolen elections. >> or just being -- >> but this is what the republican party is doing. so i know that a lot of you republicans when you hear me talk, you say we don't like joe because joe was a conservative and now joe is a conservative and it makes us angry that he's still a conservative. >> joe scarborough. >> it makes us angry. so we won't listen to him. so if you don't want to listen to me because i humiliate you, because i still am a conservative. >> joe -- >> and you shamed yourself by be

silicon valley is cutting back on growth after years of bulking up. entire industry bracing for a potential recession. alex burns has covered tech for bloomberg news. amazon saying they overstepped during the pandemic and now have to cut back. what are the biggest headlines you have seen in this rash of news from tech companies that they are pulling back? >> i'm seeing a lot of pointing fingers at things like rising inflation and customers of folks who sell products on amazon pulling back spending. i'm also seeing the idea of macroeconomic uncertainty hitting companies that depend on advertising for their businesses. a couple good examples are in the second quarter results we saw this week from the likes of twitter and snap, both pointing to this macroeconomic uncertainty hitting advertisers and causing campaign budgets to go down. that means the places they depend on revenue are getting smaller. snap for that company gave some hints into what a lot of these companies might be thinking about. they said the pool of money they are making on the top line

there was a saying on silicon valley and also on the start up the and it take it until you make it. then obviously if you look at sarah know, both hold and bob on it took it definitely too far. so let's see. but i guess this is not the last word that we will hear from this. okay. yeah. so seems have been important interrogation of start up culture as well that silicon valley culture that jens quarter, thank you very much for bringing us. the european union agreed last week to end the sale of traditional combustion engine vehicles by 2035. now that's a timeline that's also shared by india, e v production is picking up there and so as interest, our reporters went to the indian city of china to find out more chin. i is called india's detroit. i'm a good reason. it's where many of the countries engineers learned their trade, and where most of india's autos are built. 25 year old swan a lot the ready works as a systems engineer for one of the country's biggest car makers. it's great news for her family. and this linda lawrence for my family. i'm very happy, like as a doctor, like i just

does silicon valley need to reinvent itself as attack hub? -- as a tech hub? tech dropping lower out of a brutal week for earnings. at low -- ed ludlow has the moves from walmart. >> earnings season hitting us in the face. the nasdaq 100 down 0.5% for a second day of declines following a negative into the week. the philadelphia semiconductor index lower 0.7 percent. even with the administration giving talks with business leaders about bringing the production of semiconductors back into the u.s. on the progress they hope to make with chips, looking for optimism, 1.4% on the nasdaq. a local media report out of china says beijing regulators are looking at scenarios and data driven approaches and ways to avoid the delisting of u.s. listed shares of chinese tech companies. that sent u.s. shares of chinese tech companies hire. -- higher. i hope you are ready for this weekend. a lot coming out. a look at the calendar, this is what we are bracing for. monday a reprieve, but tuesday, wednesday, thursday, these are the biggest names in technology coming at us with earni

so been important interrogation of startup culture as well that silicon valley culture there. yes quarter. thank you very much for bringing us the european union agreed last week to end the sale of traditional combustion engine vehicles by 2035. now that's a timeline that's also shared by india, e. v. production is picking up there and so as interest, our reporters went to the indian city of china to find out more chenise called india's detroit. i'm a good reason. it's where many of the countries engineers learned their trade from where most of india's autos are built. 25 year old swan a lot to ready works as a systems engineer for one of the country's biggest car makers. it's great news for her family. this means a lot of my family. i'm very happy. like as i don't like just a rule only not, not only sons has to feed their bands. i know destiny also can someone else on the region is booming as an automotive industry. location and it's future is electric. starting at 2035. india will only allow emissions free vehicles. automakers are gearing up. ready works for india's largest

but he also did what happens so often in silicon valley.ed like he was buying twitter for profit reasons right for business reasons. but then the stock went down right. he claimed it wasn't profit reasons that was free speech. so once the price goes down, he can't say like, oh, i no longer care about free speech. he turned his twitter. yeah. yeah well, the bottom line it's all about dollars and cents, i think, and , uh, it made good sense to pull out because that was a, uh, astronomical number to pay for that social media company. uh well, professor dr nolan higman out of csu, east bay. thanks for your time. this morning, all your insights as well. hey, thanks for having me take care. alright what time we have here. now it is 8 17, and let's check in with rosemary gets forecasts on what looks like a pretty typical summer day. yes at least for the bay area. right, frank. good morning to you. what a gorgeous shot here we do have a little bit of a blue sky there in the distance, and we've got some low cloud cover right there in view. with the

>> from the heart of where innovation, money and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: i'm emily chang in san francisco. coming up in the next hour, apple announces a rare sales promotion for the iphone in china. but is the discount a bad sign? we will discuss. on the latest episode of keeping up with tiktok, meta introduces a new revenue-sharing feature to help creators make money from videos set to music. what it means for facebook and instagram's efforts. tech workers may be leaving a hole in san francisco. can the city recover? does silicon valley need to reinvent itself as a tech hub? we will talk about that later this hour. first, the markets are equipped sawing with tech dropping lower in what could be a brutal week for earnings. ed ludlow has the biggest moves and one of those is walmart. ed: earnings season hitting us in the face. the nasdaq 100 down 0.5% for a second day of declines following a negative end to the week. the philadelphia semiconductor index, or sox, also lower 0.7%. even with the administration gi

there are very few black executives and major silicon valley companies., black owned businesses are not receiving the support they need. one person said that the african american community has been celebrating juneteenth for 41 years. and yet a lot of the company's never reached out to the people who've been celebrating it long before it was a holiday. advocates also say some form of reparations and financial investment are crucial to engaging and maintaining the black community in the south bay close to 20% of the homeless population here in the county. how can we ensure housing for black residents? how can we invest in projects like that? how can we invest in agencies like the community service agency like the roots community health center and so on that serve? our community says they will continue these conversations throughout the year and santa clara county announced today that they will join president biden's house america plan. working to house 20,000 people by 2025. lamonica peters, ktvu fox two news. thank you. lamonica new statistics show san fr

so silicon valley is just one outpost against the evil empire to the north. >> this is silicon valleyt and soul of the nation's computer business. here, microsoft is respected and feared as a powerful giant whose every footstep sends shivers through the entire industry. >> there's this emerging war, basically, between the silicon valley culture buildup around the web and the microsoft culture up in redmond, and it's not just a cultural clash, but an economic clash, ecological clash, a clash for power. >> bill gates had to turn microsoft, like a supertanker, around to have it address the internet. and the way they did that was by coming up with internet explorer, which they presented as the world's best browser. it wasn't. you know, microsoft stuff is never the best. but it was well marketed, and it was pushed, and they had a lot of money behind it. >> here came microsoft with its own version of a web browser built into windows 95. their intention was to kill netscape as the browser and make internet explorer its replacement. >> five, four, three, two, one, zero! >> a consumer feeding

part two of our series on this scam targeting silicon valley. movie magic. the history behind the rock stars of special-effects. the history of san francisco's own. mike: it's thursday and that means the latest drought data dropped across the state and in san francisco in the bay area. nothing changed. i am tracking however a hint of a storm or two in the seven day forecast. - you okay? - there's a flex alert today so i'm mentally preparing for the power outage. oh, well we can help stop one because we are going to reduce our energy use from 4-9pm. what now? i stepped on a plug. oh that's my bad! unplugging. when it comes to preventing outages the power is ours. when i make decisions as a leader, it's not about me or the folks that are here. it's about the next seven generations coming behind us, making sure that they have the ability to move forward. prop 27 will help small rural tribes like mine get a seat at the table will be transformational for my tribal members. taxing online sports betting gives us an opportunity to really enhance the lives of our tri

in silicon valley many decades ago.s to a major japanese company, the semiconductor presence here in the valley is about to make a comeback in a big way. >> this campus started as a part of integrated device valley. >> reporter: the south bay electronics center has been through changes but the biggest is about to begin. tokyo miconductors in the world will expand on the 16-acre silver creek campus and bringing,000 high-tech jobs. >> obviously silicon valley does continue t artificial intel jents. >> reporter: semiconductors are frt electronic brains that run computers, cell phones or tvs. renaissance san jose campus will focus on emerging tech nothings to run future devices like self-driving cars which are already coming out of silicon valley. >> it's good to be close to the customer, understands how the markets are evolving so we can adapt products to meet their need. >> if it had a electrical cord or body it has a microprocessor. the reason it's called silicon valley, there was a time in the early days of the micropro

>> from the heart of where innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: this is "bloomberg technology." coming up, twitter has a big week ahead, not just earnings, but the first hearing in twitterverse's musk is scheduled for tuesday -- twitter versus musk is scheduled for tuesday. amazon and meta are getting creative to save cash with plans to cut back on office expansion in new york. and we are chatting with anthony about the bitcoin downturn and his start up designed to train workers for a new generation. all of that enrollment but i want to get a look at the markets, tech leading the way. it was another down week over all of two key weeks of key earnings reports. ed ludlow has the latest. >> we are really bracing for this earnings period where we think the biggest tech companies are going to give us this lens into the global economy, the consumer. there's a lot of green on the screen, to see the s&p 500, the nasdaq, both up almost two percentage points. you see the philadelphia semiconductor index. sk hy

silicon valley was hp, sri, xerox and stanford university.f a powerful combination. >> there were these two cultures, engineers with ph.d.s and hobbyists. >> it was a time when there was a lot of social fervent in and around the bay area. there was a lot of counter culture people. you had cheap semiconductors, you had people who would look at things differently than what the conventional person was and that's what the technology needed then. >> one of the things that was really hard about making a computer was now on a chip. so all of a sudden, people who had a thirst for this stuff could go out and buy a computer, you could make them yourself. >> there was a lot of this revolutionary theme with a lot of the technical people in it, changes in technology and how we were part of it even though in our companies we were the fringe element. we are not the managers and leaders but boy, just a clever design on its own had value. >> you have these guys like steve jobs and steve wozniak and bill gates and paul allen who had been messing around on the

. >> growing scam that is targeting people in silicon valley. >> the scam is extremely effective.ave victims that lose aliens and their life savings to the scheme. >> it is not about paying it is about crypto. time. it's life's most precious commodity, especially when you have metastatic breast cancer. when your time is threatened, it's hard to invest in your future. until now. kisqali is helping women live longer than ever before when taken with an aromatase inhibitor or fulvestrant... in hr+, her2- metastatic breast cancer. kisqali is a pill that's proven to delay disease progression. kisqali can cause lung problems, or an abnormal heartbeat, which can lead to death. it can cause serious skin reactions, liver problems, and low white blood cell counts that may result in severe infections. tell your doctor right away if you have new or worsening symptoms, including breathing problems, cough, chest pain... a change in your heartbeat, dizziness, yellowing of the skin or eyes, dark urine, tiredness, loss of appetite, abdomen pain, bleeding, bruising, fever, chills, or other symptoms

so silicon valley is just one outpost against the evil empire to the north. >> this is silicon valley computer business. here microsoft is respected and feared as a powerful giant whose every footstep sends shivers through the entire industry. >> there's this emerging war basically between the silicon valley culture built up around the web and the microsoft culture up in redmond. it's not just a cultural clash but an economic clash, technological clash, a clash for power. >> bill gates had to turn microsoft like a supertanker around to have it address the internet. the way they did that was by coming up with internet explorer which they presented as the world's best browser. it wasn't. you know, microsoft stuff never is the best. but it was well marketed, and it was pushed, and they had a lot of money behind it. >> here came microsoft with its own version of a web browser built into windows 95. their intention was to kill netscape as the browser and make internet explorer its replacement. >> five, four, three, two, one, zero! >> a consumer feeding frenzy. many computer stores like thi

and you can see that with the attitude of silicon valley magnets mark zuckerberg. i'm going to put 419 million dollars in key precincts and absorb the rules and regulation responsibilities of the state registrar to influence. an election and then but we're not going to call that dark money. so it's very dangerous to have a society without a middle class. another thing. that's very peculiar is borders. i once wrote a lot of articles about what causes wars on the ancient world. i would go all over greece and rental car and i would go to these. battlefields and they all were on borders. but they weren't near silver mines. they weren't near rich farmland. they were out in the middle of nowhere scrub. so why would thieves go to war with athens or argos go to war with sparta over nothing? and then it kind of dawned on me. they were everything because they were demarcation points. and the city-state was saying we have no arrogance noobs that we can expand this model all over greece. and the way that the meglomatic alexander the great did and destroyed hellenism and replac

he was the first japanese prime minister to come to silicon valley and meet with technology heads to talk about cooperation. japan has world-class technological capabilities. there was a pride among the japanese-american community that this was a world leader who was very friendly with leaders around the world. he had mastered the art of working with social media and working with e entertainment side of politics. and always for a serious purpose and that was to make japan a more effective regional leader and world leader for the liberal causes and the values that we all care about. >> michael, thank you. >>> it turning now to pandemic news, i have been out for the last few days because my family caught covid-19 and was sick for some time and thankfully without severe consequences. as it turned out we had plenty of company. covid-19 positivity rates have spiked and officials say many of the current infections are due to the new and contagious sub variants, ba.5. we have doctor bob walked her here to talk about this. now, you have not have this, is that right? >> i have never been more

according to rent cafe, the typical apartment in the silicon valley is getting 15 applications. in the east bay, the average is 14 applications. why is this happening? our business and tech reporter scott budman as a closer look. >> reporter: there are a few things at work here. for one thing, a lot of people are heading back to the office and their hometown. also lack of inventory and rising mortgage rates making it hard to find and buy a house. finally, scarcity of apartments as construction has slowed in the last few months. all of a sudden, this is the hottest ticket in town. an apartment. >> it's always quite the game trying to get a good place. >> reporter: in fact, try to rent anyplace to live in the bay area and you'll run right into stiff competition. >> you are trying to be the first one there honestly. like, if i had to take a day off to get my spot. >> we were going to get a house this last time and it was like anything that had any type of yard or any type of reasonable rent, we'd go on day one it's available and they already had 27, 30, 50 applicants. so, it is jus

how will this change how silicon valley does business abroad? we will discuss. more bad news for coinbase. cathie wood's ark sold $75 million in shares after the sec announced an investigation into trading activities. why are shares up double digits? we will explain. all that in a moment, but first i want to get a look at the markets. big tech names, meta and qualcomm reporting after the bell. ed ludlow here to break it down. ed: not all good news. meta, its first-ever sales decline. the stock down 3.5% in after-hours. the option market priced in a lot more volatility. you might even call it a muted reaction. they miss, but not a disaster. lots of questions around the road forward in terms of control and the restriction side of the company in terms of costs, the advertising market slowing down. a big name we will watch throughout the show. i'm also looking at other movers aftermarket. the chip industry a big focus this week, qualcomm lower in after-hours after giving a tepid forecast to the current period that once again has us concerned about consumer demand fo

thank you, deanna and victoria coming up here on mornings onto the nine silicon valley, as you know,known for being one of the richest communities in the world, but it is also home. to so many who are in immense need on this giving tuesday. we highlight the good work being done by one organization to feed all those who are hungry and help with food allows families this fourth of july, brighten your home. with hgtv home by sherwin williams paints and cabot exterior stains. get $10 off 1-gallon cans or $40 off 5-gallon pails. just in time for the season. ♪ so i climbed into the cab, and then i settled down inside ♪ ♪ i've been everywhere, man ♪ ♪ i've been everywhere, man ♪ ♪ of travel i've had my share, man ♪ ♪ i've been everywhere ♪ ♪ harvest. food bank of silicon valley is working to provide millions of meals to people who are struggling for so many. it's a critical lifeline. second harvest, says 60% of the people that serves have less than $100 in savings for today's giving tuesday. ktvu s brooks jarocz spoke with the nonprofits vice president of strategy and advocacy who's on a mi

. >> reporter: it is also why silicon valley venture capitalists tell us they are putting money into health care, an industry ripe for disruption by companies big and small. >> it also shows a real compliment of a major, large company that's not squarely in the health care space whose bread and butter has been in retail and technology that is committing to health care and to tech-enabled services. >> reporter: amazon has been in the health care arena for a little while now. they bought an on-line pharmacy called pill pack four years ago, but privacy advocates wonder what this merger will mean for patients and their data. they say they'll be watching it closely. in san jose, scott budman, nbc bay area news. >> thank you, scott. >>> next up on nbc bay area news, football almost back and the big question on everyone's mind what's going to happen to jimmy? kyle shanahan says the team is moving on. >>> a mystery involved. the source of a disturbing noise keeping people up all night in the east bay. >>> i'm chief meteorologist jeff ranieri. is gh area of hi >>> it was a maddening mystery.

silicon valley bank. kay hill contractors. [applause] architects vanmeter williams bullock. [applause] waypoint consulting california housing partnership. tndc staff. [cheers and applause] and, really, the countless others that have been in partnership with us to make today a success. thank you all for joining us. it is sunny. let's smile. i know have the privilege and honor to introduce supervisor dean preston. [applause] >> supervisor preston: thank you. thanks so much. wonderful to be here with you all and really thrilled just to be here as part of this ground breaking ceremony for the 70 new affordable homes that will be built on this site, on this site that's in the newest part of my district. for those not paying attention, as of a month ago, i'm pleased to report that the tenderloin is now part of district five and it's thrilling to be here with you and representing the tenderloin today in city hall. i know there are a lot of folks and you've mentioned so many of them who came together to make this possible knew that i could name them all. i think you've done a good j