the silicon valley auto show is back after two-year hiatus during covid. nbc bay area's bob redell has a look at all the hot rods at the santa clara convention center. >> reporter: you know, the beauty of these auto shows, you can come in here, get to look at all the new vehicles, kick the tires, test-drive some of them without the sales pressure, so it gives you an idea what you're looking at before you get to the show room. like i said, you can sit in the cars and check out new features. ryan moody from kelly blue book. i'm in the driver's seat obviously. there's screen here and you can't really see it and that's on purpose because -- >> you can do lots of things with this other screen, but it's not designed for driver. if you're watching a movie -- >> reporter: get distracted. >> can't do that. very few cars have this. imagine you're in the passenger's seat like, i should be able to help, some are entertainment choices, picking the music. >> reporter: i can't really see this. >> entertainment options, play the music, but pick navigation, find a destinat

>> today the context was really laid out by joint venture silicon valley. local leaders and stakeholders were there for the state of the valley this morning. the index examines the economic and socioeconomic realities much santa clara and san mateo counties. the president and ceo says it's clear at the moment the tech industry is resizing and recalibrating. so far the tech layoffs have affected 11,000 workers locally. another 9,000 layoffs are planned. >> this is nothing like the down trends in the past. the dot-com bust, that generated 300,000 job eliminations. 300,000. >> it looks at a wide range of economic factors. the report shows that the death rate has gone up and the birth rate has declined in silicon valley and there is an exodus. 91,000 people left our area over the past two years. but interesting to note, only half, the index says half of them -- sorry, half of those people actually stayed in the bay area or in northern california. so we have been reporting on that as well. it pin points where they have move moving. about 20% are actually moving a

the income inkeck e equity gap is widening, eight silicon valley billionaires hold more wealth than the 50% bottom of the population of the valley. we posted the full report on our website nbcbayarea.com. >>> okay. amazon now dmanting that some employees get back to the office. amazon's ceo released a memo today that said corporate staffers must spend at least three days a week in the office. preecest previously individual managers could decide how often the employees were supposed to come in. there are some exceptions to the rule. customer support roles will be allowed to continue working remotely. the deadline for the rest to adjust to the in-office policy is may 1. >>> stocks were a mixed bag today in terms of performance. the dow jones finished in the green. the s&p 500 and the nasdaq ended up in the red. investors are torn. the job market is strong and consumer spending is high, but that means that inflation continues to grow. that spreads fear that the fed will have to make much more drastic measures soon to get it under control. >>> and some californians can look forward to relie

the silicon valley index. conference begins at 9:00 this morning and you can attend in person or virtually. you can also download the full index if you would like to see all of this data for yourself at jointventure.org. i'll put a link to that on my social page as well. >> sounds good. we'll check it out. >>> 6:37 right now. who wants to check out tahoe? a live look at highway 50. looks gorgeous up there. clear, but the start of a holiday weekend for many. if you're heading to the mountains, the chp says pack your patience along with the skis. they say traffic could be worse than ever. a lot of schools have all next week off for ski week and roads are still recovering after the constant plowing from our winter storms. chp is advising drivers to stay on the main highways if you go, even if gps says take a back way. >> no matter what the roads look like. we want to know what the conditions are going to be. we know that could change. >>> the snow is still piled really high and we've had quite a bit of time of su

over the past ten years, i could feel silicone valley moving north. young engineers didn't want to live in san jose, they wanted to live in san francisco where the action was. san jose, not cool. san francisco, cool. but the tide is turning. companies based in the south bay, facebook, for instance, are abandoning entire buildings in san francisco. start-ups are gone, either closed or working from home. san jose, though, has been more resilient. seven is a reporter for the san francisco standard and says san jose has faired better. i was reading his article. you know, kevin, the office rates are one way ke with look at it, the occupancy rates. san francisco lost about twice the vacancy as san jose. >> yeah. and so san francisco has really seen a massive decline in its office occupancy rate. the vacancy levels are nearing 30%, which are much higher than the great financial crisis and the dot com boom. and san jose and the silicone valley, we're seeing vacancies at around half the rate of san francisco. that's a reversal from the prepandemic times, with

all kinds of places have tried to rival silicone valley, nothing new.one prairie, silicone beach, it never sticks. what do you think is the difference this time around? >> the tipping point was the pandemic, with remote working. and another factor is the increased government spending in these heartland regions for regional information hubs like detroit, columbus, pittsburgh, dayton and cleveland. a lot of money is going in to boost these regions now. >> what city impresses you the most? >> well, columbus is certainly on the way up, with the new semi conductor plant under construction. pittsburgh is really big in ai and robotics. cleveland is big in biotech. dayton in air force applications. and detroit in mobility. so each one of these places has its own unique characteristic, and i find that interesting. of course, the new build back better plan, there's a lot of new money going into these regional hubs. >> a city i was impressed by is des moines, iowa. not necessarily a high tech hub, but theless time i was there, i went to school in iowa and des moin

that could be a factor in silicon valley's population decline, nearly 91,000 people left the silicon r the last two years, about as many as during the dot-com bust. onsing front, home prices went up 7%, setting the median home price at a record $1.5 million, pricing out 73% of first-time home buyers. 86% of black and hispanic residents, too. half of silicon valley renters say they are spending more than 30% of their income on housing. the median household is making -- the median household is making about $515 less at a time that child care costs are outpacing if regional inflation rate. one year of child care can cost more than $29,000. santa clara county supervisor says that without affordable child care, parents leave the workforce, companies produce fewer goods and consumers pump fewer dollars into the silicon valley economy. >> it all ties back to this fundamental aspect of what makes an economic engine run, and as long as people have children, child care will be at the root and it will impact not only those who have children but everyone in the community. >> the state of the vall

told through the eyes and voices of his sons. >> reporter: in modern silicon valley, the tech work force is increasingly a rainbow of people. that wasn't the face of the valley back when roy clay went to work there in the 1960s. >> there weren't many people working there period and even fewer people of color working in technology at all. >> reporter: clay is known as the black godfather of silicon valley. but his story is that of a man who scaled obstacles on his way to becoming a tech pioneer. >> my dad was born and raised in a city called kinlock, missouri, a predominantly black town right next to a predominantly white town called ferguson, missouri. his mother told him from his preteenage years he should never let racism stop him. it was something he would probably have to deal with his entire life. >> reporter: clay loved math and technology so he aplayed for a job at mcdonnell aircraft company in st. louis. >> he was told the company could not hire him because they did not hire professional negros. >> reporter: but clay didn't relent. he applied again and was eventually h

today, despite recent layoffs across the tech industry, we are about to get a better look at how silicon valleys really doing on an economic level at the state of the valley. leaders will talk about the findings of the recent silicon valley index report by joint venture in the town hall meeting. the president and ceo says that silicon valley actually has more job openings being advertised than cuts. and studies show most tech workers are landing on their feet within three months. all part of an expected pattern, one which a tech exper explains sought expansion in the tech outbreak. >> they hired somebody people in the pandemic. now they are questioning if this is the same momentum that will continue. time told us we have seen that, that that is not the case. lena: joint ventures say although many workers are experiencing their first downturn now, the job cuts only present about 2% of the workforce. regardless, we have a layoff tracker, including cuts at bay area companies on our website right now at abc7news.com. the state of the valley begins here at 9:00 a.m. in mountain view, lena howland. k

viceversa, esperamos que también haya una mayor conexión entre méxico y el valle del silicio, silicon valleyte de sus inversiones a nuestro país; tenemos muchos mexicanos con talento, que pudieran desde méxico, estar, recuerda que tenemos un tratado de libre comercio, méxico, estados unidos y canadá, y pues eso facilita el proceso nearshoring, offshoring, soft-landing, todo eso, nosotros podemos apoyar desde el consulado. damián trujillo: ya, perfecto, y los otros servicios continúan al pie del cañón, ¿verdad?, en el consulado. alejandra bologna: todos los demás servicios al pie del cañón, es importante que, que sepa nuestra comunidad, que ahorita se están preguntando, es que hay pocas citas para matrículas, no, estamos en una transición, tuvimos aquí a nuestro director general de asuntos consulares, y estamos en una transición de sistemas operativos, para facilitar el trabajo, y tratar de que sea mucho más expedito, la emisión de documentos, que cabe, que es el único, es de los pocos países en el mundo, que el mismo día que se tramita el documento, se les da, y no se tiene que mandar por co

there's the web address of silicon valley latino for more information.ck with the people behind the lens. stay with us. damian: we're back with the people behind the lens here on "comunidad del valle," of the documentary, "campesinos." and i interrupted you, alex, when you started talking about the professors of the land. alex: yes, i think that, again, that's a profound statement because it goes to speak about what they--who they are and what they do and what they know. that was dr. belinda arriaga avalas who made that statement and it's really about--the statement's about how much they know in terms of how to produce from an agricultural perspective, how to produce healthy food for us, how to produce food that's gonna be, you know, valuable to this country because, again, as joe said, you know, the farmworkers in california produce so much of the food that's feeding the nation and i think it's time that we have done something to really highlight their contributions and i think covid definitely put them on the map. damian: yeah, i mean, we recognize the

right venture silicon valley's president and ceo russell hancock says it is not about perceived doom and gloom but rather the cyclical valley bust and bow. of an adjustment that a crisis, despite the recent waves of tech layoffs across the bay area. >> there is a tremendous upheaval and displacement. those people who are going through that kind of pain are in a world of hurt. i understand that but there is good news. lena: good news meeting silicon valley actually has more job openings being advertised right now then cuts. he added that studies show most tech workers are landing on their feet within three months. regardless, we have a laugh tracker including cuts at bay area specific companies only. check it out on our website at abc7news.com. the state of the valley starts this morning at 9:00. leave in -- live in mountain view, lena howland. reggie: the men accused in a deadly explosion in san francisco last week will be arraigned on multiple charges. his wife died in the crash and his caregiver was severely injured. he is -- it to chemically extract concentrated cannabis. his two c

. >>> joint venture, silicon valley, just issued its report on the state of silicon valley. and we're talking about everything, from housing prices to demographics to traffic. it's always a fascinating read for people. especially for our scott mcgrew. >> it's super interesting. because often times, the numbers are so surprising. it's a real reminder of what an unusual place we live in. the report looks at silicon, which it defines as santa clara and san mateo county. just cherry-picking some of the facts in the report. 91,000 people left silicon valley in the last two years. the most since the dot-com boom. but the median house price went up to more than $1.5 million. 35% of us work from home. not 35% of tech. 35% of all of us. which means cal train ridership fell from 67,000 people a day to just 4100 riders. and who are we? 25% of the total population in the two counties have a graduate degree. 38% of us were born outside the united states. 54% born male. 45% female. 37% asian, 30% white, 25% hispanic. eight people in silicon valley have 50% of the wealth and more than a qu

reporter: they pride themselves in placing the college of engineering students into silicon valley andong is an example of that. he works as an electrical engineer in the south bay, and was named the black engineer of the year for 2023. representation matters, and he helps others like him can create solutions for everyone. >> engineering is all about solving problems. you want a group of people solving a problem, because someone will always have a different perspective or outlook of what you want and how you see the answer. reporter: and to solve the lack of diversity issue, events like this and black engineering week in june, they hope students can learn to project themselves onto these men and women and be the next story. >> we want people to have an avenue to come to san jose as one of the mere institutions that caters to black students and allows them to transition to silicon valley. reporter: solving the world problems takes all of us. ama: get a chance to say thanks to recently retired hockey star patrick marleau. dan: a celebration of his career will be held at city hall. that w

the state of silicon valley. how many have moved to the area. and why eight people living there have all the power, according to the report. >>> also, holiday ski week. why the chp is asking some people to rethink their plans. >>> i'm chief meteorologist jeff ranieri. we had the cloud cover today. 55 in san jose. i'll show you when rain returns and also wind picking up. latestest on that in about 10 minutes. >>> right now, effects on pets and wildlife. increasing worry about safety for those living near the site of that ohio toxic train site. >>> and a look at a shortage of a drug used to treat >>> a troubling new drug has arrived on the streets of san francisco. it's called frank, which is a combination of fentanyl and horse tranquilizers. it was found in the blood of several people who recently died of overdoses. and appears to be resistant to narcan. >> a street drug that has been circulating on the east coast for the last few years is now arriving on the streets of san francisco. the office of the medical examiner made the deadly discovery a

we are linking more in economic ties silicon valley and mexico.ng to have businessmen, we are going to have different organizations coming during the year visiting san josé, and we are working on making matching with different businessmen and companies here in san josé. damian: very important. i spent some time in the colonia de santa fe in mexico city, which back then was called the silicon valley of méxico. i'm sure that's expanded since then. it's probably 15 years ago. but that collaboration between the two nations when it comes to business and whatnot is very important. ambassador, thank you so much, and we'll see you again next month on "comunidad del valle." alejandra: thank you. damian: thank you. and up next here on "comunidad del valle," as we mentioned, it's a new gallery in gilroy. it's called fúchila. stay with us. damian: well, it's a grand opening of an art gallery happening in gilroy next month. it's called fúchilandia. with me back on "comunidad del valle" after a popular demand is the artist, the man behind this concept, ruben da

well, a silicon valley goes in search of its neck.ext chapter the next chapter usually surfaces. at the edge of those disciplines in those the convergence of some new thing and then pull off. we go again. >> russell hancock would not call the recent lay off the crisis, but rather a moment for the industry surveys in the 2023, silicon valley and tech show that it took about 3 months for laid-off tech worker to land a new job. >> next tonight on kron, 4 news at a oakland's police department once again without a chief. after the break, we're going to take a look you didn't choose cat allergies. you didn't choose your hairline. hot flashes, the flu, or that thing when your knee just gives out for no reason. you didn't choose your bad back or this. or... that. you didn't choose depression, melanoma, or lactose intolerance. but with kaiser permanente you can choose your doctor who works with other best-in-class specialists to care for all that is you. >> tonight, lauren armstrong joins a long list of oakland police chiefs who have lasted on

as you likely know, before the war, ukraine was quite the silicone valley hot spot. large, english speaking, western educated, western leading, that is all still true. but now is dealing with russian missiles and bombs. andy kurtzig has been to ukraine before, delivering badly needed supplies. we're going to be a bit vague about his next trip, but he talks about how his employees are holding up. did anyone that you deal with in ukraine ex-% it was going to last a year? we don't know how much longer it's going to last. >> i think in the beginning we thought it was going to be relatively quick, and just sort of one more week, one more month, and now it feels like it's never going to end. >> are you prepared to employ these people in ukraine for the duration? are they still working for you? this could be a long road. >> they are. we have done and learned a lot in the last year. we now have over 300 employees in ukraine, that's over 250 from a year ago. >> now, when you showed us the big haul of things you were taking over. have the needs changed or is it much the same?

i think this is not only great for meta but it's really leadership for all of silicon valley and all of technology in how we can move forward in a way that capitalizes on all these great developments in ai but does so responsibly in a balanced way that brings owners, developers, all the stakeholders along for the ride >> cramer called it today a transformational call for shareholders let's be honest, you doubted in some regard that they would get to this day. and if they were going to get to this day, i think it's fair to say you weren't so sure that it was going to be as fast as they apparently have found religion on the issues that made you so uncomfortable, not a couple handfuls a couple months ago >> as you know, i think i was constructive all along we have a big position it's one of our biggest positions. of course as a shareholder when we go through what we went through last year where growth stocks multiples are compressing, where revenue is decelerating, their first year of revenue growth in 2022, and i might say that like the fed they were a little slow to adapt in the first

a silicon valley giant may be ready to downsize against on top of layoffs they recently made. next here on "today in the bay," the new uncertainty brewing at facebook's parent company and the signs more cuts may be coming. >> we're going to lighten the move because love is in the air. are you a cat person or a dog person? could one or another make you more attractive to the opposite sex? sex? if you're the cat's meow or a ♪♪ hey dad, i'm almost out. i got you. any questions, chris? all good, thanks maura! healthier is managing all your family's prescriptions in one app. sharp wire pokes his lip, healthier is managing all your family's prescriptions hurts bad can't handle it. he'd be feeling fine, with invisalign. invis is drama free. less painful than braces. invisalign >>> right now at 6:15, we're heading over to fremont with a look at how our morning shapes up. it's right now in the low 40s. we'll see a few clouds to start, but a lot of sunshine today and not nearly as warm and nice as it was yesterday. in fact, it's going to be very windy by this afternoon. we'll talk about

apparently for silicon valley least according to a report by joint venture, silicon valley, which is a publication that looks at the region's economy and quality of life. and the president of the group says the tech companies have started to scale back on hiring. yes, as a result or i should say, as the demand built up during the pandemic begins to level off, service are correcting for the over-hiring they did during the pandemic. and those layoffs only make up a small percentage of the tech company's global workforce. >> there's inevitably a downturn. well, a silicon valley goes in search of its neck. check next chapter the next chapter usually surfaces. at the edge of those disciplines in those the convergence of some new thing and then pull off. we go again. >> well, surveys in the 2023 silicon valley index. >> show that it took about 3 months for laid-off tech worker to land a new job. >> well, we have a new report and it shows the number of people moving out of california continues to rise. census data shows between april 2020 and july of 2022, the state's population drop in mor

but apparently that's not ahead for silicon valley.ng to a report by joint venture silicon valley, which looks of the region's economy and quality of life google, apple, meta, a twitter sales force and zoom. they've all announced layoffs and the last 6 months the president of joint venture silicon valley tells us that tech companies have started to scale back on hiring as the demand built up during the pandemic. well, that's just starting to level out and the layoffs here only make up a small percentage of the tech company's global workforce. if history is to are a preamble. >> our current downturn is probably leading us somewhere. that will be big and exciting. >> he would not call a recent layoffs, a crisis, but rather a moment for the industry surveys in the 2023, silicon valley index show that it took about 3 months for a laid-off tech worker to land a new job. >> still to come, new video showing the titanic at the bottom of the sea. why we're just now seeing it. >> we're getting a first look at rare video just released to the publ

i san francisco, it's the mecca, the tech designers home to silicon valley. this place pioneered the art of constructing, optimizing and enhancing. a lot of the technology we use every day. it's turbocharged the speed at which we use the internet and made navigating the web more in tools. but it's also given us a full sense of security. ah, i've lost count of the number of times i've clicked. i agree to get into a website. we'll have to do it as we speed around the internet. we face hundreds of these annoying pop ups and consent forms all demanding a response from us. and yes, i call them annoying because that is exactly what they are. they may look like that they're there to provide us with control, but the reality is far from it. when users click on, i agree to the terms and conditions that i see a privacy policy and they click on it. they may think that they're actually being given control of their personal data, what's collected, how it's used, and it's advantageous to companies for them to do that. because if something bad happens, the tech company conve

you have talked about monoculture in silicon valley and you moved to the company to colorado. have not come back often in the last three years. alex: because silicon valley has obviously failed in its mission to produce technology that is useful and makes the world a better place. we were i think the first reasonably large company to leave here now i am very happy to come back and say look, on occasion, our position is a position we are proud of and to be surrounded by people who disagree with me. ed: there are many woke engineers. i think those are words you used who lost their jobs recently at tech giants. you're looking at growth. our you're looking to hire those engineers? alex: do not join palantir if you are not willing to support the u.s. military and its allies. you can have any political opinion you want as long as that's not a question for you. if it is a question for you, do not. palantir is not your home. ed: unapologetic and uncompromising. he knows where he stands. he is completely comfortable with palantir's offering to government to security services, and that

well, a silicon valley goes in search of its neck.ck next chapter the next chapter usually surfaces. at the edge of those disciplines in those the convergence of some new thing and then pull off. we go again. >> surveys in the 2023 silicon valley index show that it took about 3 months for a laid-off tech worker to land a new job >> a new report shows the number of residents moving out of california continues to increase census data show that of 2020 and july of 2022, the state's population dropped by more than 500,000. >> the primary cause for the exodus is california's high housing costs. other factors included long commutes, crime and pollution in urban centers. experts say the rise of remote working is also a factor. coming up on kron, 4 news at 10 under emergency. thousands of feet in the air. the lucky california passenger. >> who had 4 medics team up to save her life. plus the investigation tonight after a u.s. military helicopter goes down in crashes near a highway leaving no survivors and the push to increase jury pay, which i

the story behind one man who broke barriers in silicon valley sports. jason appelbaum has an update on stefan curry's injury status. plus, we take a closer look at the warriors season. and what awaits as they hit that stretch runs starting tomorrow night in los angeles a area at last check more than 34,000. homes and businesses have no power most along the peninsula utility says most of those outages are due to trees and limbs falling onto power lines. in boulder creek, a two year old boy was critically injured when a giant redwood tree crashed through the living room of his family's home and pinned him underneath. first responders say the toddler was conscious and breathing on his own when he was rescued. tonight he's undergoing treatment at santa clara valley medical center that chp is investigating a crash involving a stolen vehicle that ended up with three people dead. the highway patrols his officers tried to stop a car on interstate 80, east of american canyon road early this morning. police say the hyundai sonata was. last night, the driver of th

silicon valley index report which were upright -- describing that tech sector currently he says the valley is experiencing more of an adjustment than oh crisis. -- then a crisis. >> it is and those people who are going through that kind of pain are in a world of hurt. however there is good news. >> silicon valley has more job openings been advertised them cuts. most tech workers are landing on their feet within three months. it is part of an expected pattern he says. >> the bust comes every eight or 10 years but we had a 15 year run and when we hit the event in the pandemic it turned out not to be a bust it was a bonanza. >> they hired so many people during the pandemic, now they are questioning if this is the same momentum of the purchasing activities, time just told us we have seen that it is not the case. >> echoing ind found the region has come to rely on or three companies accounting for nearly 20% of tech jobs. >> apple, and google and -- meta. three tech companies workers are experiencing their first downturn now. the overall job cuts represent about 2% of the tech workforce. >> dur

silicon valley, janice. thank you so much for coming in today.e you worked alongside the carters back during that visit in 2013 to the bay area. what do you remember about the projects that they were part of that experience and the impact they had for families here in the bay area? well president carter is amazing, as we all know, he's one of my personal heroes. and to have him here in our own backyard. um was truly a once in a lifetime. and yeah, they came out. they built a couple of days in oakland and always there are the first people on site and the last ones to leave, and he's always wanting to do more. he spends a lot of time with our would be homebuyers is they're doing their sweat equity. he came out as soon as they flew in and he was on the ground. he came out the day before the event started , just to say hello to the staff and to um, just to see everything do a walkthrough wanted them where he was going to was very excited to be put in a couple of windows and a door. um, and he was all about it. and when the media throngs came the next

ed: you hurt him, he said silicon valley has failed. there was growth today in the bay area and that's the conversation. coming up, fit news impacting the tech sector. we have got to get to that top story. caroline: plus a record amount of crypto was stolen in 2022. deep dive on who is to blame their. from new york and san francisco, this is bloomberg. ♪ we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? caroline: welcome back to bloomberg technology. the tech sector is getting a lift off today from the macro strategy from the fed. ed: this is the first big post-fed reality -- rally since july. it is a snapshot of the story. we have one of the great bloomberg mines joining us in a moment. 25 basis point hike and a warning from jay powell that while they are making progress on inflation, they still foresee hikes to come. for the market, it's about what does the pivot come? you asked about tech, higher rates -- future profits. that's why we look so closely at the

silicon valley index report which were upright -- describing that tech sector currently he says the valleyng more of an adjustment than oh crisis. -- then a crisis. >> it is and those people who are going through that kind of pain are in a world of hurt. however there is good news. >> silicon valley has more job openings been advertised them cuts. most tech workers are landing on their feet within three months. it is part of an expected pattern he says. >> the bust comes every eight or 10 years but we had a 15 year run and when we hit the event in the pandemic it turned out not to be a bust it was a bonanza. >> they hired so many people during the pandemic, now they are questioning if this is the same momentum of the purchasing activities, time just told us we have seen that it is not the case. >> echoing ind found the region has come to rely on or three companies accounting for nearly 20% of tech jobs. >> apple, and google and -- meta. three tech companies workers are experiencing their first downturn now. the overall job cuts represent about 2% of the tech workforce. >> during the bust y

. >>> a glimpse into where things stand in silicon valley.he annual index was formally presented today. reports goal is to outline the economic and socioeconomic realities of the san mateo county. and it shows that all of those tech layoffs have impacted at least 11,000 workers locally. it found that another 9000 miles are also planned. >> this is nothing like the downturn that we experienced in the past. the.com bust, that generated 300,000 job illuminations. 300,000.'s >> the report revealed that 91,000 people left silicon valley over the past two years although half of those people just moved to another part of the bay area or another part of california. it also found another including equity gap is widening. eight silicon valley billionaires hold more wealth than the bottom 50% of the valley's entire population. try to do that math. >> that's why we are still here and not going home tonight. >> is it friday? we have made it to the weekend. >> it's actually saturday. holiday weekend. >>> i'm doing good. fantastic weather on saturday and su

this is a report a transition from the company founded silicon valley to tesla. and very excited to make this article engineering headquarters ceo elon musk could decide governor newsom who listen, california's achievements and innovation, the largest manufacturing state in the country and the 4th largest economy in the world. let's see. this is the beginning of something even more extraordinary on the journey to dominate. in this space and to change the way we produce and consume energy. tesla moved its corporate headquarters from palo alto to austin, texas in 2021. after must complained about california's strict covid regulations. jeff belisario with the bay area council economic institute hopes wednesday's announcement by tesla lead other companies to make a bigger investment in the region. we've had this long-term trend over the course of covid where companies are moving away. so maybe this is one of theefirst positive signs that we can really point to company wanting to invest here. california has committed to producing only 0 emission vehicles by 2035. >> a

some people think walmart's decision to shuffle it's tech workforce is a good thing for silicon valley still ahead tonight, the new sign of hope following a series of other tech layoffs and see what makes one group of bay area high school athletes envied by other people in the sport across the globe. and we are tracking the temperatures. it's going to be another warm to mild day tomorrow. but then a big, big, big, cool down coming. five day forecast to view south airport lamonica. peter shows us why this could be a positive sign for what's to come next for tech workers worried about recent layoffs in the industry. each of those hubs was not actually particularly large. sometimes there were dozens of employees and other cases hundreds, so they're clearly consolidating those into a few different locations. retail giant walmart recently announced it will close three of the 11 tech hubs it has in the united states, including hubs in portland's austin and carlsbad in san diego county. hundreds of tech workers will move to san bruno or walmart's headquarters in arkansas. those who choose not

it's released each year by joint venture silicon valley.ecause we are such an unusual part of the country, the data almost looks wrong. 75% of adults in san mateo and santa clara county have attended college. 25% of them -- not of the total population, 25% of the bay area that i am talking about have graduate degrees. 38% of us were born outside of the united states. 35% work from home. that's not tech, it's 1 in 3 of all of us. we were talking earlier, eight people hold 50% of the health in silicon valley. >> that's crazy. >> we added 10,000 jobs from mid 2021 until the end of 2022. layoffs account for just 1% of the jobs -- we talk about it all the time. >> here? >> from san mateo -- >> what is the timeframe? >> the most recent layoffs, the beginning of 2022, the ones we have been talking about. they are devastating, but on the scale of how tech has been hiring, it's a small amount. i could go on and on. 52% of people in those two counties identify as male. a lot of men say, you know, it depends, but it's amazing -- it's 45% that are wome

the silicon valley auto show is back for the first time since the pandemic. the brand-new lineup of vehicles on display live for the first time at the santa clara convention center. >> it's great for people to do something in person. like cars don't always app the same in online photos or that kind of thing. in the real world see more how you can interact with it in looks like in front of you. reporter: there's something to be set for a car show where you can have a hands on experience. you can look at some of the beautiful, familiar cars on display, but today also allows potential buyers to see what is out there. >> there's not only a variety of brands, but of powertrains. diesel trucks, electric mustang, gasoline powered cars, hybrids. reporter: and the all-new lineup of non-gasoline powertrains, from electric to hydrogen powered today offers a look at the past, present and -- >> the future. reporter: you can consider today a way to learn about what is to come and many like john got to take a few cars for aaway for the future. >> we just got off of a great

but you don't have to pay for the schools so you don't we have maybbe less salaries than in silicon valleyo pay for the health insurance and everything like that is covered so actually you have more money in your pocket. success stories like super cell, clash of clans have also been helped to grow by a heritage of mobile technology expertise that dates all the way back to nokia phones in the 1990s. expertise that is still paying off all these years later. steffan powell, bbc news, helsinki. a bankerfrom qatar has confirmed a bid to buy the english premier league football club manchester united. sheikh yassim bin hamad al thani will lead a consortium that wants to purchase the club outright. the qataris are the second group to put in a bid; the first was the british businessmanjim ratcliffe, a lifelong united fan. the club is currently owned by the glazer family, which says it's "exploring strategic alternatives." our sports correspondent andy swiss has more details from old trafford. sheikh jassim bin hamad al—thani. he's the chairman of a qatari bank. he's a son of a former prime minister

the unlikely story of a silicon valley godfather. it's a book that his son's read to him now, even as his health wayne's. that's the way we've been communicating with him and letting him hear our voices just by reading. yeah, clay sr helped create the first mini computers sold by hp in the 19 6. sties. you know he was a pioneer. you know, and he kind of was able to uh, see giant things coming in a long before they kind of reached the mainstream, but its story reaches far beyond silicon valley. he was the first african american student to graduate from saint louis university. his dreams would take him to california, but they would require him to break barriers. his first job was at lawrence livermore labs, but there was literally no place for people of color to live back in those days in that area. and that's why the reasons why we wound up living all the way down in palo alto. he was the first african american elected to the palo alto city council, the first african american to not only joined the exclusive olympic club but also the

damián trujillo: gracias; bueno, para más información, pueden acudir a la página web de silicon valleystas; no se nos vayan, aquí nos vemos. [música] gwendalyn tuiteó: “comiendo tiny tacos con un red bull en el estacionamiento.” lo que me da la idea. presentando mis red bull energy infusions, en dos sabores que complementan mis tiny tacos. oye, gwen. ¿quieres ser nuestra pasante? nuevas red bull infusions en jack in the box. ♪ nuevas red bull infusions en jack in the box. con el centro rural legal, también se trata de los campesinos, y personas que les ayudan legalmente a esas personas, que quizás, necesitan un poco más de ayuda; aquí está esa entrevista. bueno, nuestro siguiente invitado es el director ejecutivo de crla, el centro legal rural, bueno, ya se nos va de ese puesto, pero nos acompaña hoy don josé padilla, que es el director ejecutivo de crla, ahora; don josé, bienvenido a comunidad del valle. josé padilla: muchas gracias por la invitación. damián trujillo: gracias por estar aquí; platíquenos un poco de crla; yo cuando comencé el colegio en stanislaus state, escuchaba de es

we are here in the heart of silicon valley of sunnydale. >> we are here at the tech center. have always been here in the valley. we thought it was a fitting place to actually describe what the future of software and the corresponding hardware look like in mercedes. ed: i want to start by asking you how high does software brink as a priority for mercedes and all of the things you are trying to achieve? >> software is absolutely a core competence for the car of the future. we have been building up for software competence gradually over the last few years. this is a space that is so broad that even if you make yourself the architect of your own operating system, you do not have to do everything yourself. ed: let's jump into that. you have announced the deeper relationship with google and it is a license agreement. you pay them for help in building out your operating system. why did you do that instead of taking it on to open source software or just doing it yourself? >> the strategic partnership we have formed is about taking technology to the next level. everybody knows google

interestingly, it does not seem to be phasing silicon valley. coming up, we explain why.ew: 5:40 one, exoratorm meclear skies tha leay cold temperatures in the wake of a cold front that moved through yesterday. osadsoes. a huge pti of the region, keep your pets warm. protect your plants outside and the pipes underneath these cold temperatures. live doppler 7 with satellite yesterday around midday we had an isolated shower move through parts of the bay area. that is now pushing through southern california. behind the front, a cold northerly wind has broad and very chilly air. beach hazard statement in effect along the coast, waves 10 to 13 feet high. be aware of a higher risk of rip current and sneaker waves this morning. future weather hour-by-hour, and a lot of sunshine this morning. we are slow to warm through 9:00, so have layers with you as you start the day. by midday, you can take one or two of them off, we are in the mid to upper 50's. later with sunshine, upper 50's 50's and lower 60's. it will feel warmer today compared to the chilly temperatures of yesterday wit

he was an eccentric silicon valley kinda guy.ly -- he came to our attention with the mcafee antivirus software program and we began by telling that story. and it's very striking because it is the journey of a man who goes around the world, works as a computer programmer and then he winds up in silicon valley and he basically stumbles along its new technology that is evolving. that the rest of the world is still only just learning about. what he does with it, the decisions that he makes, he's impulsive, he's a very brilliant man, but he also has a lot of ego and he also enjoys the attention that comes from that. we spoke to a lot of people that haven't spoken publicly before and we uncovered a lot of things that he essentially fabricated or embellished over his lifetime. ed: bloomberg's jamie, thank you so much. you can go and listen to the podcast, the first episodes, the early days of john mcafee's career in the first warning signs is out today. that does it for this edition of bloomberg technology. don't forget tuning tomorrow,

now silicon valley will be networked. now the innovation will be dispersed across a network. venture capital will not necessarily if you understand in context. tech, we know these things happen with regularity. cycles are cycles. that's why they call them cycles. >> the recent cycling of layoffs is specific to the tech industry and not the over all job market. >>> taking a live look at the roads, it is get away day for president's day weekend. this is a map of the road conditions to tahoe from the east bay. so far there is a lot of green on the screen. good news for drivers. >>> people vacationing this weekend, the busiest time will start a few hours from now. getting back, your best bet is travel monday morning. let's talk about the weather and go to jessica burch. good conditions for people who want to hit the road. >> great conditions. >> even better. >> i really mean that. sunny skies, light winds, no complaints on the roads despite the fact that you will be dealing with that traffic. current temperatures are mostly in the 50s. daytime highs, we will warm it up more in th

and that commute into the silicon valley is very slow.re driving in from east to west peninsula hasn't been all that slow, but we see some slowing in redwood city on one on 1 to 80 is better. nine. let's go back to the desk. look at what an exterminator sonoma county found in one home when he was called to investigate a bug problem. how £700 of acorns ended up in an unused chimney and more than a third of american households were dramatically impacted by the triple dimmick during the holiday season between covid rsv and flu, which illness was most commonly reported. ♪ alex! mateo, hey how's business? great. you know that loan has really worked wonders. that's what u.s. bank is for. and you're growing in california? -yup, socal, norcal... -monterey? -all day. -a branch in ventura? that's for sure-ah. atms in fresno? fres-yes. encinitas? yes, indeed-us. anaheim? big time. more guacamole? i'm on a roll-ay. how about you? i'm just visiting. u.s. bank. ranked #1 in customer satisfaction with retail banking in california by j.d. power. have hea

it is a history of silicon valley and so much more. now come harris grew up in palo alto.also had the good luck to make it out alive." in the years he attended palo alto high, students killed themselves at a rate between four and five times the national average, walking to the deaths on the train tracks that leland stanford built to escape the unrest of san francisco more than 100 years earlier. now come harris joins us now from washington, d.c. --malcolm harris joins us now from washington, d.c. we were looking at the supreme court cases last week that could redefine what these big tech companies can do. can you put this all in historical context for us? you are not just talking about the internet, you're looking at these big tech companies and talking about the history of capitalism in this country. >> absolutely. it is important to see the internet in its history as its relation between capital and government is often told just cold war story the defensive plan for america but the internet really was an offense of to coordinate americans abroad and in the united states.

now, silicon valley will be networked. the innovation will be dispersed. venture capital will not necessarily be understood in context. tech, we now know that these things happen with regularity. cycles are cycles. that is why they call them cycles. >> tell them to that guy or gal who loses their job. >>> for the first time, the state has done the math to figure out how much it spent over the last three years on trying to help a living on the street get off the streets. how much more still needs to be done. >> scenes of homelessness are pervasive across southern california and so too are the questions about why so many people are still suffering, given the billions of dollars the state has spent to stem the homeless crisis. a new report has some sobering news on how much money has been spent and how much more needs to be done. >> it takes a long time. drove veronica lewis is with homeless advocacy and outreach agency. she is in the state's interagency council on homelessness that just reported the new numbers. >> there is recognition that all of these diff

>> here in silicon valley with concentrated on the big tech companies which were helping from hereand those examples are air bnb which issued 100,000 vouchers for people to stay in euro or in the united states and also luber has partnered with united 24 and they've spent about $1 million and then the founder of netflix has donated $1 million in the founder of twitter has also donated a couple million dollars. google support, microsoft, amazon, and actually companies who are working with satellite imagery have provided imagery, especially that was important at the very beginning of the war. it helps to show where they are so ukrainian troops can accordingly fight against them. >> when you talk about satellites it brings to mind the start link system for communications that was also provided ukraine at the start of the war by elon musk, that's his company, but recently he has said that he is not going to keep providing those start link to medications so what is your thought about our local tech mogul and his influence in the war on ukraine? have you spoken with him? >> personally know,