this is not tech for tech sake, this is tech in these industries, and i can see it will be a real life-changing way of looking at things in terms of talent. >> let me start with a specific example. one of our new faculty works on technology and health. we hear a lot about big data. big data is everywhere, in the academic world and the commercial world, well debra talks about small data, your personal trace through all of this date that that is being gathered up. she's looking at how this personal trace can have clinical value. if you suffer from a chronic disease, the data from your smart phone can help your clinician treat you better. these are things where we take often in the tech world contracontrarian views. it's working with clinicians, and cornell medical college and entrepreneurs. >> and to put it in context for people who may never have heard of cornell tech, the idea is for american competitiveness in general, you need the right kind of tax policy, capital, money, you need human capital, and this school is meant to raise human capital. people who are savvy about the tech world. savvy

i start off in tech. over a year ago. i worked in tech. and i drove to back and forth every day, 46 miles down in san jose,. as i grew and i embraced my city and the value of my city and my neighborses, i gave up my car and i started taking the bart. i started taking the muni and then i began to integrate into the community. [speaker not understood]. i do community-based murals with poor people, people who don't usually have a chance to come here and speak before you. and what i find is that you're creating a system, a transportation system that has two world, right. it's divided by, it's divided by economics and it's divided by who has and who doesn't have. there's been many times -- one specific time where i was going down mission, i was on 22nd and mission. it was an elderly lady and her bus, that infrastructure had broken done and she was stuck on the wheelchair lift.

we think the tech industry can do more. and we'd love to work with you to try and figure out what the policy solutions are, whether it's a nexus study, whether there are other revenue measures we can look at that will charge developers, the tech industry, downtown business, the people who are making millions in this city to pay for the transit system that lower san franciscans need so much. thank you. >> thank you so much. next speaker. [cheering and applauding] >> [speaker not understood]. maureen roland and [speaker not understood]. >> good afternoon. >>> good afternoon. my name is [speaker not understood]. i'm an organizer with power with working morals with black and latino families. we're here as an organization because we're concerned about the proposals ~ charging $1 for, you know, stopping at a bus stop is very low, especially in light of what our communities have been facing recently in terms of, you know, having low-income bus riders being fined $100 for not having $2.75 to go to work, to help kids be able to get

we think the tech industry can do more. and we'd love to work with you to try and figure out what the policy solutions are, whether it's a nexus study, whether there are other revenue measures we can look at that will charge developers, the tech industry, downtown business, the people who are making millions in this city to pay for the transit system that lower san franciscans need so much. thank you. >> thank you so much. next speaker. [cheering and applauding] >> [speaker not understood].

look for it in retail stores soon. >>> speaking of health care tech, check out the tech know gym. this one features google glass. it's a treadmill controlled by your glass. you can keep track of your fitness progress because the tech know gym will store all of your data in the cloud. you probably already know about the sleep number bied. it got an upgrade this year. it costs $8,000, will track and store your sleep pattern and will even let you talk to it. in addition to responding to your voice commands this will also track your heart great, breathing rate and the amount of time you're lying still. like one of those bracelets, but it's a bed. >>> wearable technology has been hot for a long time. and we saw a whole lot of new wearable technology here at ces, not just for adults but for babies too. the market for wearable technology just got younger. a lot younger. this is mimo. a onesie with a chip inside to monitor your child. >> you have a lot of parents waking up in the middle of the night wondering if their baby is okay. >> soon they will be able to tell, because mimo will tell

jobs, but we don't see tech workers contributing to our communities.e don't see them volunteering in schools, in our local organizations. >> perfect example was the story about the angel hack ceo who went on facebook and dissed them saying there was not one iota of value. it showed what you said. >> the question is, though, there's no question that they're making some people in san francisco mad. this year the economy is improving. the stock market is at all-time highs. it's up 25%. housing prices are back up. for people who have assets, people who have 401(k)s, who own homes, they're doing well. the best they've done in ten years. for the people who don't, they're falling further and further behind. the people in the latter group who are mad at tech folks for their stock market millions, what can they do? are they going to get the board of supervisors to say we're not going give tax breaks for these companies to come here? are they going to pass a ballot measure in san francisco? i don't see a pathway. how they turn that anger into a concrete way to g

we are bombarded by tech that is exciting and new. or is it?ded to show people old stuff and see if they knew the difference. this is a k 44 headphone. this has dual stabilization band. >> they are very light. they are a little bulky. >> it is halfway between a pc. >> it is very lightweight. >> it feels kind of heavy. >> give up your smartphone for it? >> in theory, it will be an energy-efficient band across the top like a light sensor. >> using the light sensors and how it fits your face, they do seem like regular sunglasses. >> maybe some more light sensors? >> it is kind of random. this is a metronome. >> i'm used to seeing the one with the -- >> i love it. >> do you guys use gps? >> it is on her phone. >> this was heavier. first impressions of this apple watch? >> i dig i would rather have the samsung virgin. >> this a be connected to my mobile device? >> check this thing out. >> the nano watch is that what that is? >> it is the nano, but it looks pretty cool? >> it is smart. >> jon erlichman, our senior west coast correspondent. we will ta

if you look at tech, tech underperforms the s&p for the last four years in a row.he reason is a lot of legacy tech companies are not growing but generate a lot of cash. quacks like apple has this amazing balance sheet. that's a lot of money for a company that's not even a hedge fund. >> you have the ingredients of underperforming stocks, a lot of cash, and strategic issues. in the case of juniper, one third of the market cap was in cash will stop that's a lot. stocks underperformed and generated a lot of cash. their businesses are subscale and have not been doing well. it doesn't take a lot of rocket science to figure it out. >> there has to be some sort of carry-on effect. once one activist investor dares to take on one tech company, others in the field -- i'm thinking of einhorn or anybody else, i can do the same thing. of the things activist have to think about is what my campaign fails? i'm going to be stuck with the stock. >> bill ackman has had some very public failures retail and otherwise. >> right. i think we are going to see more of this as long as tech u

i want to take a larger look at tech, how tech is influencing culture and politics and everything else but mostly whatever is interesting. >> congratulations on taking the two best jobs in technology journalism and thanks for being with us this morning. alex as well. thank you for making us part of your sunday morning. >>> yankee stadium, bronx, new york, the new york yankees have played in this neighborhood for 91 years. today the closest rivals in the nhl, 14 miles apart, on the banks of the harlem river. yankee stadium, the timeless cathedral of the baseball world. >> the bambino. >> speak that magical name today, and thoughts drift to, yes, hockey

>> i come from a hybrid of political and tech backgrounds.k and hoff started getting passionate about this issue. we were talking for a couple of issues of how the tech community should be involved for political advocacy. it became clear immigration would come on the national agenda. we started talking and talk to josÉ. there really was a need for a group to come together. the basic premise is that this is a political challenge. the politics are challenging. we graded an organization that is bipartisan and practical and helping members on both sides of the aisle immobilize the tech community. maybe we can make a difference. >> talk about the personal challenges. i want to know where you feel you fit in here? what is your story? >> i have been here since i was four. being in high school and knowing that i could not get financial aid and go to the college of my dreams because i do not have the money to go was devastating. a couple of months ago, i launched a website where i plan to help students that are in the same situation that are low incom

blaming employee shuttles, blaming tech workers is not a solution to our housing problem. if those employee shuttles went away tomorrow, we would still have a housing affordable crisis on our hands. so, we need to stop demonizing these shuttles and these tech workers who are simply trying to get to work, and we need to work and recommit ourselves to addressing our housing crisis. so, i urge you to support this proposal today. >> thank you, supervisor wiener. supervisor campos? (applause) good afternoon, supervisor campos. >> thank you very much, mr. president, commissioner, director reiskin. i want to begin by agreeing with supervisor wiener on a couple of points. i think it is important that we're not pointing fingers and trying to vilify people. i think that he we as a city need to figure out a way of bringing people together, and i do think there is a lot of common ground between the tech workers and the communities like the one that i represent and the mission that they're moving into. and i think it's really important for us to have a dialogue to find that common grou

dice.com, a tech job site, recently conducted a survey of tech-focused hiring managers and recruitersthree out of four say they plan to hire more tech pros in the six months ahead. and there seems to be more security in the workplace when it comes to tech. most hiring image aren't planning on any new layoffs. katherine ulrich, a recruiter specializing in silicon valley, expects a lot of demand for those with expertise in cloud computing and data analytics. >> everybody needs to figure out what's their strategy for putting data and applications in the cloud. and how do we use big data and data analytics, how do we figure this out, do we need to do hiring in that space. >> reporter: jewelry riulrich s is coming from chinese, japanese, and korean firms, setting up in silicon valley and looking for new sales and marketing talent. if you do get hired in tech, you can expect to get paid relatively well, according to robert hastert, the staffing -- haft, the staffing firm u.s. salaries will increase an average of 3.5% next year for professional jobs. technology positions are expected to see

you'll see the hottest devices from the tech world. some of them you can't even buy yet. we've got the newest trends in mobile, gaming, cars and robotics. tonight a first look at the newest wave of gadgets from the consumer electronics show in las vegas. here's nbc bay area's business and tech reporter, scott budman. >> reporter: hello and welcome to las vegas and the 2014 consumer electronics show. there is a ton of new technology on its way to you, and we are going to show you a whole bunch of it for the next 30 minutes, starting with how this finds its way into your living room. every year at this time sin city becomes silicon city as the tech world temporarily relocates to las vegas. the consumer electronics show introducing products from all over the world to people all over the world. typically at least two to three years before we can actually buy them. some, like this drone, look cool now and are clearly meant for a future where flying deliveries are the norm. others, like countless new ways to use our tvs and virtual reality are what consumers want right now and

that displacement has increased along tech bus routes. there is something called the shuttle effect. people are going -- immigrants are going up along tex bus routes, a roundv 27%. we need to count that for what their impact is on satisfy. the more people displaced and evicted in san francisco, the more they're having to use cars to drive into katrina voss. proposing this is not reducing the city's carbon footprint at all. as far as prop 218 goes, companies could decide to pay more. also, you know, sfmta could conduct a survey to raise that amount. [speaker not understood]. that is unacceptable to san francisco residents and especially to folks being evicted and displaced because tech buses are taking up route along their homes. eel leave with that. thank you. next speaker. ~ >> [speaker not understood]. richard becker. matt kerwood. >> any of those folks here? you are, please come forward. >> is nadia here? he will i don'tederctiontion, is he will yd own here? >> good afternoon. >>> good afternoon, thank you for your time. my name is ell

do you see a divide between the tech community and everybody else?> not everybody else, but i think it is dÉjÀ vu all over again, 1999, 2000 -- >> things are good was to my >> things are good. the question is, is it situational, meeting short-term success, or is this sustainable, and there is every thought to think this is a longer-term curve, and that could change the way of san francisco, so there is a lot of legitimate concern out there and a lot of friction, and it is certain manifested with these buses with some of those protests a few weeks ago. >> these employees do not take public transportation. they are on these cushy buses down to silicon valley, and also, real estate prices are now sky high, hard to get an apartment around any of those bus stops or in san fran this go. -- san francisco. how big of a problem is that? >> all of the stress and gentrification, go back to your old articles, it was the same. we were talking about rent control, and there were convictions, and we had mass supplementals to take care of nonprofits because they were

what's the difference between the tech stocks and stealth tech stocks? easy. the market has no trouble spotting innovations at traditional tech companies, but it does have a lot of trouble recognizing the innovation for more humdrum areas. areas like apparel, restaurants, consumer packaged goods, and because the market doesn't recognize this innovation creates an unjustified discount in these stocks. they have real innovation fueling their growth. and it's why i think you can keep coming back to these stocks even if the market takes a dramatic turn for the worst because i believe they will bounce back first. when i talk about stealth tech, i'm referring to companies using proprietary technology used to invent new markets and dominate these markets give them faster growth, expanding margins and higher priced to earnings multiple and higher stock prices. so who falls into this stealth tech category? who's innovating like crazy but not getting credit for it? how about -- colgate. this consumer staple play is not a hot bed of innovation, but you'd be wrong. it tra

what's the difference between the tech stocks and stealth tech stocks? easy. the market has no trouble spotting innovations at traditional tech companies, but it does have a lot of trouble recognizing the innovation for more humdrum areas. areas like apparel, restaurants, consumer packaged goods, and because the market doesn't recognize this innovation creates an unjustified discount in these stocks. they have real innovation fueling their growth. and it's why i think you can keep coming back to these stocks even if the market takes a dramatic turn for the worst because i believe they will bounce back first. when i talk about stealth tech, i'm referring to companies using proprietary technology used to invent new markets and dominating these markets giving them faster growth, expanding margins and higher priced to earnings multiple and higher stock prices. so who falls into this stealth tech category? who's innovating like crazy but not getting credit for it? how about -- colgate. this consumer staple play is not a hot bed of innovation, but you'd be wrong. it

built by the tech sector, it is locked.con valley pros were brought in to fix it, an embarrassment to the president who is trying to convince americans that government can be helped with the new health care and that it can be more efficient and cheaper. the obama administration is trying to find fixes, including having the tech specialists rotate through private companies, also streamlining the hiring process so it doesn't take months and months to hire a person to fill the job so they are not snapped up by other companies. the government spends $77 billion each year on information technology. and after the obamacare website tanked, president obama has said he wants a better return on that investment. >> medal -- molly henneberg, th you. >>> and this time, more information from senator rand paul revealing on "hannity" last night. he is looking for signatures for a massive class action lawsuit regarding the nsa spying program. >> we want them to understand we're not willing to trade our liberty for security, that we believe

like old tech has to be as sexy as new tech will stop >> thermostats is classic.ional thermostat wasn't sexy. the guys came along and build is amazing thermostat. misbehavedthey during the polar vortex. other than that, i love it. technology.lever what you see happening is this wave of software driven technology is beginning to reinvent the kind of dumb hardware we have in our lives and that we have in our homes. i think what is missing today is the degree of dependency that we have as human beings on these things. it is not fully appreciated. an interdependency that they have with one another on the data side is not appreciated. >> i want to bring in some results from a poll that luber conducted last week. they asked respondents which asset classes are all ready in a bubble. the answer was 38% people found the internet and social networking stocks are already in a bubble. 41% said not yet, but on the verge. 14% said the bubble is not forming. that beat out london housing prices, u.s. treasuries and credit markets for asset classes that are already in a bubble. yo

the tech companies are also providing a service. folks from not in their cars. they are not driving and contributing to congestion and global warming. it is a win, i think, on both sides. >> i want to bring cory into this discussion because he was here during the last bubble. is it ok if it happened then and it is happening now, and are they doing enough? >> i was there during the gold rush too. i am really old. there are a lot of interesting city planning issues. what happened in 1997, 1998 and 1999. these we are urban companies. dot com companies, and they were not profitable businesses, and now we are talking about yahoo! and google and big profitable businesses that are ferrying city workers to suburban sites, and that is not what was going on before. there is this notion that people who want to live in the city are able to, and there are different kinds of companies affecting change in the city, so i think to gavin's point, this could be a much more permanent thing because they are successful, profitable business where the workers are choosing to live in th

the tech companies are providing a service.olks are not in their cars contribute into congestion and global warming. it is a win on both sides. >> i want to bring cory in. he was here in the last bubble. is it ok it is happening now and is this enough? >> i was there during the gold rush as well. i think there are a lot of differences. there are interesting city planning issues. 1997 through in 1999 is there were.com companies fueled fothrough speculation on wall street. now we are talking about whoanies like apple, google are ferrying city workers to suburban sites. that is not what was going on before. people are able to live in the city they want to. this could be a more permanent thing because of their successful come up profitable businesses where the workers are choosing to live in the city and not suburbia. that is if there is any big phenomenon, it is that silicon valley is moving north. these young folks want to be in an urban environment. they are willing to sacrifice a bit of a commute. that is the issue for these co

a growinge talk about inequality due to the tech industry.e protests outside the headquarters after twitter went public, people talking about high rent prices and eviction, and we have lieutenant governor gavin newsom and cory johnson with us. it is going to get worse? >> i think it will. i think the challenge will be more acute. i do not see this as a negative thing or an evil thing. none of us begrudge success. the challenge is how do you balance it, and remember, this is a state that has gone to great lengths to try to balance things, the highest minimum care,universal health universal preschool and universal afterschool. >> they still have a lot of work to do. >> the top performing school district. low bar. you are right. >> and the tech industry, some of the smartest people in the world, so there is no excuse. >> there is no excuse. that is another 10 segments. but the city is doing a lot to overcompensate. even close to enough because of this extraordinary surge of success. the tech industry is still relatively small in terms of total n

they are showing to work late because of muni, because of the delays of tech buses. these new residents are coming in while our east bay and have to commute from the east bay to san francisco with no luxury buses. you need to make an impact study of what these buses. on virginia lenz ~ valencia, you have three schools. [speaker not understood]. go out there, stand out there. you will see -- >> thank you, sir. [multiple voices] >> next speaker, please. >> veronika bell. >> next speaker. okay, you're finished. [cheering and applauding] >> okay, next speaker. >> veronika bell. herbert wiener, annie bows. those are the last speakers. >> next speaker. >>> thank you for having me today. my name is annie bell and i'm here to talk about the shuttle program which i support. i'd first like to start out saying i'm a san francisco native and a currentes are department and i use shuttles every day. with that said i use muni regularly. i walk, i ride bikes and it's just another option for me to be able to get to work. i love san francisco and i love being from here and i love that

our guest says he's investing in a blue chip, a value stock and a cutting edge tech company. all that and more tonight on "nightly business report" for friday, january 17th. >>> good evening and welcome. stocks continue their somewhat tentative start to 2014 today. it was as has been the case quite often this year, a classic mixed market. the dow was the only one of the three major barometers to end the session with a gain and that because positive showings. american express, visa, goldman sachs and ibm. only eight of the dow 30, but that was enough to pound the weekly gain of the year. and so far in 2014, the dow is off about three quarters of a percent. today's soggy trading was marked by worries over earnings and outlooks. manufacturing margins, ups, flat out profit warning. on this friday, the dow gained 41 points. the nasdaq down by 21 and the s&p lost seven. >>> we'll turn to chris gaffney for his analyst. senior market strategist with ever bank. chris, you heard at the top of the program, the saying on wall street is as goes january, so goes the year. so, should invest

is there an agenda, a tech agenda on the hill? >> guest: i would say one of the biggest issues for the tech world is going to be surveillance reform. 2013 was a big year for surveillance, all the snowden leaks, and that will keep coming. the leaks, in fact, will keep coming, we've been told. by end of january, president obama will address his review group's recommendations. they put forward 46 recommendations, some of which the white house is likely to accept, stop at that. but there are some that are getting more contentious and will lay out exactly where the white house stands on some of these issues. on the hill we have two kind of battling groups. there's the reform surveillance, rein it in, end bulk collection. you see that with representative sensenbrenner and patrick leahy, but then you have the intelligence committees looking to protect the nsa and keep the surveillance programs as they are now. that should play out certainly over the next few months, and we'll see where president obama stands on things. >> host: as a larg

what do you think of tech in general right now? >> we like tech a lot. it's cheap. balance sheets have never been stronger. with the global market, we have people buying all kinds of technology. companies are benefiting. they don't have to hire people if they can find machines to do what they need to get done. >> by the way is jpmorgan correct? is the pc going to make a commback? >> you know what? i can't see that. i can't see that happening but that's what he says. that's what they say. that's fine. we like google because they're 81% of the smartphone market because we think it is going the other way. so we'll disagree with them right now. liz: larry, is there a dark horse sector that you and the traders chat about whether it is going to surprise to the downside or the upside that you're really watching closely? >> yeah, we're actually watching materials very closely. you know i'm deeply convicted that the housing market will continue to recover, however, that is hotly debated every single day behind me because a lot of people think the housing market ran up too so

in doing so we launched a daily blog called tech policy daily.com. you will see the internet address for that on the podium sign in front of me. for those watching, if you're not already subscribed, i encourage you to do so. many of the folks you will hear from today are regular contributors. we aim to have timely, provocative commentary on all the technology policy issues of the day. we do have new content every day. we have, in connection with today's event, an online survey we asking folks to take. it is this bit of fun. it is just five questions. they're provocative questions about events that may or may not take place in 2014 in the internet space. i encourage folks here, feel free to plot a blackberry and do so, and if you're watching online or overseas, please google. or tech policy poll predictions. either will bring up links to our poll. we hope people will complete that poll. we are going to announce the results of that survey in a break that will take between the 10:30 area. the program for today, we originally had planned to do two separa

one of my other colleagues at georgia tech went further. he said, if i put motion sensors on my wrist, elbows, shoulders, maybe i can interact with things and teach a humanoid robot how to move. i can use my everyday motion to train a robot, the connecticut motion equation, how to move and interact with the real world. you can put part -- start putting sensors on the body and really understand computers and robots dealing with the world on human terms. >> you are talking about putting sensors around and on the human body and they would have to be very small, very light weight to function successfully. what i wanted to ask you about is about power and batteries because that has always been something that has not moved quite up the same pace as other technologies. how do you solve powering all of these devices on your body? is the current technology available kind of holding you back? >> we are seeing a revolution there as well. there's a couple ways you can go about it. one is to use the human body motion to power it. if you can get this dow

they respected the tech giants here. when there is a possibility to cash out at a price higher than they had expected, i would not blame them to think about it. lean toward selling the company. but for me, i knew that we had much brighter future than most people have thought about. i tried very hard to convince my investors, don't sell. i will make better returns for you. it is not just about my ego. it was no just about the future of the company. i had to tell them in a way that can be beneficial to them. the best way to be beneficial is to make more money. >> you came up with the search in silicon valley in the 1990's at the same time that google came up with google -- separately. >> i call it link analysis. it is all the same or similar ideas. i saw the patent idea before even i came to silicon valley. when i worked in new jersey. later on, this kind of technology became the gold standard for all the search engines. >> i know you were educated partially in the united states. after graduating, you bought a biography of

wearable tech is becoming really big. apple isn't going anywhere.hey didn't really launch anything new in 2013 that raised a lot of eyebrows but certainly they've got a lot of r&d going on in the background. we'll see if 2014 is the year we will see the itv if you will or the iwatch. so all the usual suspects as well as companies like twitter whose stock is doing well and facebook as well. >>thank you markappreciate it. >>thanks for having me. don't go anywhere coming up next.. find out whether yahoo shares are a buy or a sell as the stock reaches record levels... and, it's a wrap! the best and worst of the 20-13 box office, plus who will walk away winners at this sunday's golden globe awards. we'll be right back! ♪ ♪ ♪ ♪ ♪ 2013 goes down in the books as a very good year for hollywood. joining us now is our movie man, here to talk about the record year that was. welcome back to the show as always. how great was it? >>10.9 billion dollars domestically at the u.s. box office. that's pretty extraordinary considering how great 2012 was with the avengers

for -- search for tech talent.cofounder of management, prima hollywood agency model to the tech field. saw tenfoldell, you growth. i am looking at some of your stats last year. out $2.5 paying million to 85 freelancers or their work last year. what kind of growth you you expect? >> probably about the same. we are only limited by our capability of editing -- vetting quality people. the demand is there. we will hire staff and maybe our ourselves to add capacity and demand there. >> he worked at a company absorbed and purchased by live nation and you have this entertainment background, as do your partners. now, one of your clients. havetrom, ebay, you serious clients using your service. >> yes. we have had startups and fortune 1000 companies. we were talking on the break that every company needs tech talent. are finding.we plain people are coming out of san francisco in demand that we have companies all over the globe looking for talent. >> out of curiosity, when did the light go off in your head that you're used to w

roiling afghanistan; the dark- matter experiment deep inside a canadian nickel mine; plus, what the tech industry thinks of the president's n.s.a. proposals. >> ifill: now, the diplomatic struggle over the syria peace talks. the back and forth over the u.n.'s decision to invite iran to participate continued all day, with the scheduled start of the talks less than 48 hours away. >> ifill: in two days time, world powers will gather at this hotel in montreux, switzerland to try to negotiate an end to syria's civil war. yesterday in new york, u.n. secretary general ban ki moon extended an eleventh-hour invitation to iran. >> i believe strongly that iran needs to be part of the solution to the syrian crisis. >> ifill: ban initially said iran accepted the goal of a transitional government in syria that would remove president bashar al assad from power. later, though, iran insisted it will not accept pre-conditions for attending. hours after that, a spokesman for ban made this announcement at the u.n.: >> the secretary general is deeply disappointed by iranian public statements today that are n

not getting the access to tech. because of that they're, are they going to be behind, for their horse lives? so i really think that schools, we have to do a better job of having at least shared access to these devices and making that part of the curriculum and education early on, and as parents, educating ourselves enough to have baseline coverses with our children. >> does it hurt some companies if there aren't more women working there? >> it's something a lot of these companies are striving for. i know you talked almost any company in the valley, they december politically want to hire nor women in these roles. pinterest was a wake-up call for the valley because it wasn't the usually early adopters that are kind of the white men in silicon valley. it was women. in the middle of the country that were adopting pinterest in full force. i think all of a sudden that made a lot of people sit up and think, oh, my gosh. we should be investing in women. we should be designing more technology for women. this is really a very

tech stocks helped that out. today's gains with investors, they just experienced their first loss in a year. it was something of a baseball statistic, and here's the big reason for today's turn around. we learned that the u.s. economy grew at a steady pace in the final days of 2014. and you see that on the right of the screen. it would have been 3.5% if not for the government shut down in october. that latest report follows the 4% increase in the prior 3-month period of september. if you prefer to look at it in 6 month chunks, that is the strongest second half since 2003. all of these measures are part of the gross domestic product. all of these, we hope grow more than the year before. as i told you before, consumer spending is responsible for it/3 of the spending, and that's what has driven the growth in the final months of 2013. that is the fastest pace in three years, it's a sign that the job market's slow but steady recovery has given americans the chance to buy cars and appliances. exports are another reason

tech specialists rotate through private sector companies.eamlining the federal hiring process so that it doesn't take months and months to fill one job, because that is time that allows the private companies to snap up the best candidates. paris? >> well, i wasn't aware that the slowdowns in government were only in the tech division. from what i hear, a lot of it is running slowly. let's bring in john mccormick. john, you heard my take on it. government doesn't always run as quickly as it would like to. so the white house doing this, is it crafting another layer of bureaucracy just to deal with technology? >> that may be the case, you know, they had three years and hundreds of millions to build a website. and it may have been a complicated website. but even by government standards that should have been enough time and money to actually get something functioning. the government has been able to build other websites for social security. the medicare prescription drug program, they have had some glitches. but nothing like the catastrophic failu