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there is a role for tech companies.mes, you cannot measure it by the jobs they create directly but also indirectly. with 300 a company employees but they have four hundred 60,000 retailers on e-commerce retailers that have hundreds of thousands of employees. sometimes, platforms have a broader impact on jobs you can directly measure. we are also looking at backing companies creating jobs. that is a focus at revolution. >> we have got jobless claims out now. 320,000 is a bit higher than what economists estimated. >> statistically insignificant. monthps us below the six average of jobless claims. the excitement is not fair, but it is -- we believe the payroll survey was taken. we get to june, people will still be looking for above 200,000 jobs probably because it suggests the labor market did not change all that much. >> i do not see any reaction to these numbers. mentioned tech companies is not just the number of jobs they create but also the spillover create --t that also helps create jobs. if you talk to protesters, i

to the tech companies, they're not telling us what the curriculum should be. what we're saying to them is help us afford the i pads, the wireless, the stipends for the teachers and we're doing that with new funders who are coming to us. she's going to be driving how the technology's integrated. we're not buying anything from the vendors that we don't want. we're looking at our own curriculum and then picking and choosing from the marketplace what are those apps that work. i will also say we are working with a lot of the tech companies around -- we made a decision this year to be multiplatformed so that we aren't held hostage just by one company. so, you know, the google chrome books are becoming much more affordable and we want to support both chrome books and i pads. we're in a good position. to say this is our plan, our budget, you need to look at how you can best su por it u.s.. i think we're going to get stronger and stronger at it and not just do a massive implementation over night, but at a certain point, now that we've done prototyping we have to go fas

a massive drug conference next week could make or break a number of by yo tech stocks.ll give you the inside special report. plugs -- ♪ take my breath away >> that's what traders are saying about the market. and one stock has quietly been screaming higher in the wake of apple's deal. >> isn't that special? >> we'll tell you what it is and how you can profit. the action begins now. >> these are the traders here in times square and beautiful colorado. in a month, momentum names are gaining momentum. look at stocks netflix, yelp and tesla. let's find out right now. mike, i got to go to you. these are serious things. despite your skepticism, they look like they're on the mend. >> i have a lot of skepticism about these stocks in particular where the multiples are hard to get your arms around, net flex around 140 bucks. the others, don't have momentum to speak of. carter was talking about penthouses going for $250 million and beach houses for 167 million. i don't really know to make of the valuations for any of these things but obviously they've been propelled by a lot of che

there's a lot of tech stuff going on.f you're think about it with a no so rosy glasses on, doesn't look great. >> this feels like a little bit of a frenzy for me. it probably was the late stages of a bull market going op. we had valuations above their historical averages. everybody is fired up on the stocks and look what happens when a little bit of bad news come out of these things. to me this feels like the late stages of, you know, the second tech 2.0 rally. >> part of it is i think that google and facebook are going head to head like a couple of kids in the sand lot that they want to buy all of these new companies before they get public. they're racing to put a stake in the ground and get these names. it's a little bit more like what happened in the cloud space when we had hp and dell trying to buy all these names. it worked out great if you owned those names. but the point is the companies being bought are relatively small, except for whatsapp. >> this brings you to the original question. >> you see the momentum stoc

so you can. >>> old tech versus new tech.ch will win out in this titanic struggle as we head to the final month of the quarter? many investors new to the market may not understand that for the folio managers look at the huge sector to a bifurcated prison. there are companies they grew up with. intel, microsoft, oracle, western digital, texas instruments, hewlett-packard, ibm and of course apple. at this very moment, they are keying on old tech as the place to be. my view, after precipitous fall in many of the new tech stocks, there has been a terrific bounce lately. but in the wake of this rebound these new tech stocks, i think they seem stebled. which is part of reason why they got slammed today. meanwhile, they keep ploding along. they have strong fundamental underpin pinnings. in many cases gigantic buybacks. nowhere is it playing out more viscerally than between old tech titan microsoft and new tech pioneer sale force.com. integrating the latter company's platform. i say this is shocking because the ceo has often childed

old tech is generally undervalued. new tech, and then we saw the large correction in the hot tech. which was way overvalued and somewhat corrected. when we look at tech overall, it's not extremely valued. over here in the super hot tech, it's still pretty, you know, laid up there in the strats fear. >> he just said you're stock valuation is in the strats fear. >> i disrespect respectfully. you're finding newer companies with much bigger market opportunities than we ever saw before. so whether you think we're overvalued or not, i think you have a situation where the market elasticity is massive for companies like us. for vmwear, too and fireeye, we have seen more marketing opportunities than ever. >> thanks for joining us. straight ahead, hear from palo alto and speaking with marc andresseen. >> coming up next, gold sliding over 2% as the market hit new highs. could lows be in store for this precious trade. plus melissa is sitting down with marc andresseen. how does he feel? find out if you stick around. huh, 15 minutes could save you 15% or more on car insurance. everybody knows th

classrooms would be given to d tech. new classes would be added with full enrollment expected at 500. parents wonder what the charter would do a high school that has 1300 students. a charter school. paul seto is a former millbrae mayor of the parent teacher organization. he says demands are simple. >> we want to be able to have a voice. >> officials say the charter school has been discussed at half a dozen meetings. >> there is not something people think about going to. >> parents say they have nothing against the concept of a charter school. they want to talk to the school community. >> rescue in monterey county. dog asks cats found in shocking shape. what spca plans to do now. >> coming up how a local sheriff is trying to make a tough day better. >> michael finney puts this computer innovation to the test. >> re i look, i see a and a congress standing in the country ready way.ove forward... their budgets are late; jobs bills are stalled... and special interests run rampant. as an economics teacher at stanford, i know e

20 therapy counseling offices, nine skin and hair salons, nine design offices and 4e commerce and tech offices and only two of the 43 are actually for manufacturing, so there's real data. active space has been there for years. it's a new development. we want to be sure that the space is used for manufacturing. we think that is more than economically viable to make sure you have a cap of 50% of office space at these locations because that way manufacturers don't have to compute against tech companies that might necessarily want to use that space for something other than manufacturing. we have so little space. we don't want to lose anymore so please support the legislation. we need a 50% cap on the spaces however. thank you very much supervisors. >> thank you. next speaker. >> good afternoon supervisors. my name is fernando [inaudible] with the community of housing organizations. i want to thank supervisor cohen and campos for how far this legislation has developed. there was a number of issues that were programmatic and a number of issues that seemed really good. as you heard from the m

joining me now is an early investor in tech.ou as always for joining us here today. >> pleasure to be here. >> tell me more about check. it helps you pay your bills, right? >> 10 million people have downloaded it. millionmise to and 50 -- >> among the competitors come into it -- >> we do not comment on rumors and speculations. we are excited to be the largest investors in check. check'sdo you think is future? it sounds pretty simple. payments sound simple but is quite compensated to make sure that you can pay your bills from any account you have in a very easy way. is make theas done easiest way for you to pay your bill from anywhere. >> what about the broader mobile payment landscape? >> the challenge -- there are $15 trillion of transactions going through their. three percent gets lost. everybody's trying to go after the space. you have big banks and beside mastercard who all have leverage? stageot clear how early competition can win this case. >> there have been reports that square is looking for a buyer, but maybe can find o

try to sort out what happened. >>> we're going to call this segment full-on tech time. >> full-on tech >> to tell us about this first item of tech that is possibly going to blow your mind. >> i hope. >> we're going to bring in zach. >> hey, zach. >> hello. >> this first item of tech is unbelievable. >> this is sio and the first molecular center you can put in the palm of your happened. >> it can recognize this is my hand, this is a mouth. this is my note pda. >> not only that, but it's going to tell you the chemical makeup of that item. if you're at tnto know exactly calories are in this apple scan the apple and it tells you, the it recognizes the molecular makeup of the apple. >> is it just for food? doesn't the fda tell us those things? >> it's for anything you can scan. pharmaceuticals, check to see the pill you're taking is the right pill. also -- >> plants. >> identifying stuff in nature. that's cool. >> this is a spectrometer. how it works every molecule interacts with light differently. if you emit light on to an object and track how much it absorbs or light is emitted back at y

all things tech. we are back live from the code conference in california with the very latest headlines and all of the stock moving news. twitter chatter, after a brutal take down the stock is surging on a big upgrade but is it really ready to run? summer snapback with housing slow to get going. spring is the all important sector. finally, finally about to heat up. let's meet today's starting lineup. pete, joe, and steve weiss are here on the desk. pete santelli is in the pits in chicago monitoring the plunge if yields. we do begin with stocks. investors looking for some answers. if the s&p keeps going up why do bond yields keep going down? what about tech which has staged one heck of a rebound in may? let's take all of that to the panel. we begin with rick anrates. rick, what in the world is going on with yields, 244 today on the ten-year. >> you nailed it, 2 hoin.44 is low here. if we close here we will comp back to june when we closed that the a yield. think about one week from tomorrow, ecb meetin

it could end up being the biggest tech offering ever.mpetition between the exchanges certainly heating up. of course last week we had the ipo of jd ko.com. showing them hey we can run one of these deals without a hitch. that is going to be an important comparison to draw to what the nyse did for twitter and apples to apples. we'll see which ends up getting it we should hear in july. >> let the battle begin. >> absolutely. >> like game of thrones. trial by combat. and zap poe. and interesting social skills. patterns of exclusion remain the order of the day. that the's the jesse jackson problem. and he's here to explain exactly what he means later. [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain. it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long term injury,

crime is on a decline we attack those crimes >> the recidivists the 9 thousand cases are the high tech crimes. >> that includes everything the recidivists we shouldn't let be getting through the cracks and they shouldn't be let out early they're if they're the persons urging the same technologies. >> the beauty you have having this work it works across the board while certainly violent crime is at the front of the bus we can look at other crimes like prostitution and gambling operations this is a very smart way of understanding what's happening they neighborhood level and lincoln things and connecting the dots and have a prosecutor that's well-informed. your prosecution is much better today because the work at the local level but there's a lot of people having to talk to one another this is how to do it in a well organized way making sense of the manhattan district attorney's office we by comparison with our small population if we have a comparable unit we'll have 25 to thirty crime 2345689 this way we're asking for 4 people >> district attorney its not only the increase in the technol

the gap that big tech giants could not seem to fuse. tech and culture and putting them together.e products. my music that i sell is on itunes. there is a thing that we're all trying to figure out. the big guys, the little guys, right? and the david and did have to b it's a collaboration. imagine if goliath and david collaborated. goliath wouldn't be laying on the floor. so it's about collaboration. >> you mentioned nokia's troubles, you mentioned sony. you're still doing business with hp. all of this through beats. if apple is doing it best, is no one else even close or is there a runner up so to speak? >> in my mind what apple is doing is probably going to go down this history as the smartest thing that no big tech company is even fathoming right now. so i'm in london. angela aarons who used to run burberry, she's at apple now. she understands culture where she triumphed was asia. angela is amazing. jimmy is a culture guy that triumphed culture, popular culture there music to now hardware. amazing. look at what apple is doing. they're making sure they don't do what nokia did. th

he's facing a younger challenger who knows the tech industry that has like 300 tech leaders behind him. so honda is challenged in trying to show what he's done for tech. and this is where we're seeing money coming into the race and a lot of -- look, the mercury news endorsement, both are things he's going to have to deal with. >> before we wrap up, what impact would you say that this top two primary is having in sacramento? is it evident yet that it's bringing more moderates? >> i think there are a lot of questions. we will be seeing this play on the local level. this will be the first stayed wide time it's in play. >> all right. scott december troe, josh richman. thanks so much. fasten your seat belts. >>> jose antonio vargas was just 12 years old when his mother sent him froth the fill fens. after graduating, his journalism career took off including stints at the washington post and the new yorker. but he kept a secret, he was in this country illegally. in 2011, vargas disclosed his immigration status. now in a film, he chronicals his imbrags journey. i spoke with him, but first a cl

pdr space and in that section potentially we could seeing at full build out 2 million square feet of tech spaces in the manufacturing areas. it might be a -- give or take and we get million space of pdr spaces. however, there's some funny math in the studies that assume the tech spaces are paying $8.50 a square foot which we know is completely different these days so i think this legislation has preceded by saying let's make it a pilot program for a few year and how well it works and next is a category that nobody has built and that has been dealt with and the third is a question of the sew spaces. potentially we could see buildings like active space completely taken over by start up.coms. the kinds of businesses that we're moving into the spaces in the late 90's that lead to the creation of this sort of category and so i think that's a pending issue that still needs to be resolved. putting an office cap on those things so they don't turn completely into tech spaces, a 50% cap seems quite in agreement with it elsewhere in pdr. thank you. >> thank you. next speaker. >> hello. i am david pi

tech is the focus of our on the markets right now, we take a closer look at tech stocks.flat, but the question is this the beginning of a bigger turnaround? joining me is not cussler about the head of the -- is of tech.sler, the head has tracked with tech this year. but if you're talking about visible and high multiple corners of the universe of tech, we have seen some dramatic the kleins. we think it is time for some kind of on spec -- bounceback. >> we hear the valuations on the nasdaq art twice what they are the s&p. the we think that tech stocks are a good value? what are your thoughts? >> my thoughts are that a lot of people have been hounding these names that have limited earnings and very high related multiples. the way we look at that is that there's no question that some of these names do look stretched. on the other hand, consider the fact that some of these have tremendous growth. criticize people twitter, they did generate huge revenue growth. you can see potential validation in the streaming music category, and pandora has about one third of that arc accordin

we are massively long tech. ofthink there's a subsegment tech which is high momentum stocks that have gotten completely out of control in terms of their valuation. we think those stocks did reach a bubble proportion. >> he called it an echo bubble. leader, a company called ultimate software. earnings, revenues at about 20%. and it'sny went public a software business. twitter ann is is echo social media company. is it the other facebook or is it its own thing? >> is it? >> i think it is its own thing and we have to get expectations under control and i think they can grow from here. >> all right. .hank you both coming up, as tech valuations soar, are some companies getting caught in a valuation trap? we will put that question to matt murphy next. ♪ >> i'm emily chang. this is "bloomberg west" on bloomberg television, streaming on your phone and tablet, apple tv and fire tv. kleiner perkins just made it second largest investment ever company called insight investments.com. it was one of the most competitive funding

the past couple of months from new tech into old-school dividend-paying tech names. h.p. earnings due after the bell. another big winner is apple. it continues its bull run, trading at its highest level since october 2012 thanks to better than expected earnings, its expanded capital allocation program. also excitement of a potential iphone 6 release this summer. lastly, got to check out jd.com. chinese e-commerce firm going public up about 8% on the day. off its highs but raising roughly $1.8 billion in its offering, making it the third largest ipo this year. sue? >> all right, seema, thank you so much. >>> we're taking a look at mcdonald's today. we're watching it closely because the fast food giant is meeting with its shareholders today. the stock is down about 19 cents. and this comes as more than 100 protesters were arrested at headquarters yesterday demanding higher minimum wages. and more protests are occurring today. hampton pearson is live just outside chicago with more on the story. hi, hamp. >> reporter: hey, sue. yeah, we've just wrapped up a shareholder m

alibaba has one of the greatest management teams in tech.ake amazon, google, baidu, iconic leaders of the tech community. they have a fantastic management community. >> you just raise your fifth fund. $620 million. how would you describe the fundraising environment right now? we have been talking for several months about whether there is a bubble, high valuations, a lot of capital flooding into the private market. >> what you are seeing is a number of funds raise capital right now. the interest is high. our fundraising process, we had a lot of demand and a relatively short process. that is a reflection of returns. returns have been exceptional. a lot of firms have been returning more capital to investors. people see massive opportunities for disruption in cloud and mobile, wearables, enterprise technology. we are investing over the next three to five years in that fund. we are somewhat tied to current conditions, but investors and venture capital have a long time view. we see a lot of appetite for the long-term view, and perhaps rotating out

embodiment of virginia tech's motto "that i may serve." he has let this university through good times and through some of the darkest moments in our commonwealth and our nation's history. wille no doubt that he continue to serve virginians as he begins a next chapter of his life. i wish you well in your retirement. on behalf of all virginians thank you for what you have done. in thenow ask everybody stadium to stand and give a round of applause to the outstanding leadership of dr. charles steiger. [applause] now to the class of 2013. first of all, i want you to know that i have sat where you are sitting now. nothing is worse than a politician giving a long and boring commencement address. [cheers] alright. start your watches. i promise to be done in less than 10 minutes, folks. you can get onto celebrating if you have not already started. re to congratulate each and every one of you for the hard work you put into making today possible. think theto professors, parents, family, and friends for the support each of you have offered the graduat

people are in and out of tech.omething about the innovation and thing with somebody can make. this is not all about this event is not all about high tech. not everyone is building everything with galileo boards. cardboard elephants or wind generators using home depot buckets. or even these devices. it is about creativity. figuring out just what you could build. >> business wise, are you trying to seed a market or be there for whatever market takes off? what is your business plan? you surely sat down with spreadsheets and what are we going to do. >> actually, we have not sat down with spreadsheets as much as said, this is a community that you see things like kickstarter. these are the places where the next new product, the next great product, will come out of. either this place were these people. but we found was that we were absent from this. they did not know intel and we did not know them. by engaging with them, they now know intel. they know our products, they know we can do. they will come to us. what we have f

finally, cheetah mobile ended up at about 1%, it was the first tech ipo in a while. but the problem was with the volatile new tech and internet stocks so companies like work day, facebook, and amazon were all positive most of the day then they faded away late in the afternoon. the 2,000 index, a basket of small cap stocks went up to close down a percent, near the lowest of the year. so at no bottom in side, traders expect the volatility in tech to continue. >>> chris gaffney says there are a lot of positives in the market and he expects the major averages to be up 8% or more by the end of the year. he is senior marketing strategist at everbank, good to have you with us. >> thank you. >> most of our interviews begin with a question, okay, what is your overall outlook and what do you like in the markets? i'll turn it another way, what is your overall outlook and what do you not like in an investment? what do you say avoid in the next 12 months and why? >> right, we believe that the market is on a positive tone and will continue the to strengthen as we go through the ye

change in after-market trading. ♪ all the tech stocks with a market cap... least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. what is this place? where are we? this is where we bring together reliably fast internet and the best in entertainment. we call it the x1 entertainment operating system. it looks like the future! we must have encountered a temporal vortex. further analytics are necessary. beam us up. ♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system. only from xfinity. tv and internet together like never before. ♪ ♪ ♪ [ tires screech ] chewley's finds itself in a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade. >>>

it handles tech heads in a different way.s a put these brutal machines in multiple places in architecture, we have gone from four products a year ago to now over 20 products. a lot of the strategy has been to put where the tax come in and we try to respond. they can come in from anywhere. these hackers are very sophisticated. they are breaching all of these signatures are antivirus type models. we have had a brand-new technology to displace that. it isn't a market. even some were saying that it was dead and we have to move to a new model. i think at this accelerates -- theour software caught target breach, but target ignored it. is there anything more than fireeye could have done? anything to raise the red flag higher? >> i think you hit on something. with a lot of bridges. one product cannot solve everything. it is a combination of people that is really critical. if you do not have the right processes in place, when you do see something blinking red, you probably will miss that window. you need to the right people looking at

he is the very embodiment of virginia tech's motto "that i may serve." he has let this university through good times and through some of the darkest moments in our commonwealth and our nation's history. i have no doubt that he will continue to serve virginians as he begins a next chapter of his life. i wish you well in your retirement. on behalf of all virginians thank you for what you have done. i will now ask everybody in the stadium to stand and give a round of applause to the outstanding leadership of dr. charles steiger. [applause] and now to the class of 2013. first of all, i want you to know that i have sat where you are sitting now. nothing is worse than a politician giving a long and boring commencement address. [cheers] alright. start your watches. i promise to be done in less than 10 minutes, folks. you can get onto celebrating if you have not already started. i am here to congratulate each and every one of you for the hard work you put into making today possible. i am your to think the professors, parents, family, and friends for the support

other in the tech sideways.here, s&p tech index still flirting with a flat line, because the biotech index lower. a notable gain to the upside. you can see regeneron one of the big names weighing on the index and the russell 2000, once again underperforming. jonathan krinsky saying it really needs to clear that 1160 level to turn the medium term trend back to bullish. what's more the general thought a lot of traders are taking note of is the divergence between large cap and small-cap stocks, something that traders are watching closely. kelly and bill. >> thanks very much. 13 minutes left in the trading session. dow in all-time high territory if there's a green arrow at the close. >> and a discussion of whether we're in a new tech bubble, a point of contention on wall street and silicon valley. we'll hash it out with top money pros in the next however the show. don't miss a moment of that. we'll be right back. . >>> about ten minutes left here and the mixed market continues. the dow is up about 17 points, the s&p

one of between 200 to 300 high tech companies in oakland. another company may soon join them. >> the mission was oakland 5, 10 years ago and this is the new mission. >>> as san francisco knows high tech bubbles could send housing costs through roof. >> i see high tech is a growth industry. makes oakland viable in the long run. >> reporter: city officials say oakland is a ways from worrying about a spike in home costs. reporting live in oakland, rob roth, ktvu channel 2 news. >>> coming up, our chief meteorologist bill martin one- on-one with president obama. the critical discussion on managing california's water crisis today in and the future. >> we will have to think systematically. >> a tree trimming controversy, the accusations the postal service broke the law and puts the birds in danger. >> a warning for commuters. the confusion that could lead to a accidental trip across the golden gate bridge. >>> new at 5:00 p.m. a big change for drivers. the final exit to avoid the golden gate bridge will come up sooner than you are used to. ktvu's

one sector that is lagging, tech. tech heavy nasdaq is down a little bit for the year.stors, people like hedge fund heavyweight david is valuations for new companies are too high based on little more than buzz. i asked mark cuban about that. mark cuban is the owner of the dallas mavericks. he's one of the first dot com billionaires. i asked him, is there a tech bubble? >> no. not even close. >> no bubble? >> you wouldn't know who i was without a tech bubble, right? >> right. >> why are stocks continuing to go up? there's half as many public companies today as 15-20 years ago. there's more money chasing fewer companies, stock prices are going to go up. >> cuban says you will know a bubble when people walk down the street talking. it's not happening yet. cuban is excited about tech. he launched cyber dust. it's like snap chat, but incorporates text and doesn't save data on servers. cuban says it's a way to adapt to technology in a world where we have no privacy. we should be terrified by that. >> you have been covering stories of laptops and cell phones. >> yep. >>> "earl

it just seems like there's a lot of tech stuff going on. if you're thinking about it with not so yorosy glasses, it's not great. >> this is a frenzy, late stages of a bull market. valuations above their historical averages. everybody's fired up. look what happens when bad news comes out, they get absolutely eviscerated. this just feels like a late stage to the second tech 2.0 rally. >> i think google and facebook are going head-to-head, they're like a couple of kids in the sand lot. they want to buy the companies before they're public. they're racing to put a stake in the ground and get these names. it's a little bit more like what happened in the cloud space with hp and dell trying to buy the cloud names. worked out great if you owned them, but not for hp and dell. they are relatively small, expect for whatsapp. not something to worry about. >> the original question, what about the market. >> you see the momentum stop, and these are cheaper targets potentially, right? >> the beats thing may not happen. their streaming music service has 500

the tech community is as well. we'll have to wait and see if they're lobbying makes any -- their lobbying makes any divens in the end. >> let's look at the -- makes any difference in the end. >> let's look at the tech company. what's been the tech community's response to this vote? >> the tech community is very concerned about this. not just because -- for civil liberties reasons but for business reasons. i interviewed don chambers yesterday and he said this is costing him the ability to close deals quickly overseas. customers outside the u.s. are just not as willing to sign up and buy a product as they were before these n.s.a. revelations. and that's really slowing down the sales cycle. possibly hurting sales. when you look at all these companies, american companies, hewlett-packard, i.b.m., cisco, all see declining revenues in a year over year basis for many quarters now, it's suggested this n.s.a. issue is hurting american business to the tunes . billions of dollars >> i want to thank you both. staying with corp

we're working with another tech company that's thinking of adopting the elementary schools and marry it with literacy and at high schools microsoft and apple have stepped forward to say we want to make investments with you. google's very involved. the tech companies are at the table, and want to not invest, but think with us and bring in their expertise as well. we hope you come visit the schools and see the work in progress. >> i would love to visit and see the progress actually. seeing no -- commissioner haney. >> okay, i'm on. so i don't have that much to add. i think that laura covered it extraordinarily well and i agree with commissioner mom mom. just a couple things i wanted to add. echoing what commissioner mendoza-mcdonnell brought up which is the process -- long name to say. >> mendoza's fine. >> we're amongst friends here. which is the process that got us here. we brought in over 100 people, you know, teachers, administrators, parents, business people and i remember talking to other board members and superintendent in the feeling and there was a collective feeling of we'll

tech firms last year.g to a report by privco, $111.8 billion spent in private tech company transactions last year. that is a 34% jump from 2012. >>> former treasury secretary timothy geithner new memoir, "stress tess," launches today. a look how the government handled financial crisis, the government meltdown and economic collapse. >>> new microsoft tablets on the way! reports say they will launch a surface mini and the a its upcoming show this week. >>> airbnb trying to expand beyond home rentals. they are trying to get into the ticketing and travel businesses. >>> cleveland browns, whoo, ticket sales, my team, are up 5% on the secretary market since they selected johnny manziel. [buzzer] browns tickets average $146 a piece and johnny manziel he's jersey is number one seller. david: everybody thought it with be dallas johnny. but it didn't happen. >>> possible purchase of beats headphone and streaming service i'm sure you heard about that. i'm sure you haven't heard about a new kid on the block trying to

first, a check on your bloomberg top tech headlines. shares a world wrestling entertainment are getting slammed, falling 43% after the company said its new online tv network will not make up for lost a per and on-demand revenue until next year. wwe needs 1.3 million subscribers to 1.4 million subscribers to generate enough income from the network. blackberry is losing a board member. he will not stand for reelection after one year on the board. he is the former ceo of sony ericsson. the move will leave the board with six executives. the next battleground in the apple-samsung fight may be over a graphite-based material which could be ideal for wearable devices. it is a high-tech version of cling wrap and is thinner, stronger, and more flexible than current technology. both apple and samsung have been racing to secure patent. two applications in the u.s., while samsung has 17. back to our lead story of the day, it has been a rocky time in the public markets but the valuations of many hot startups are soaring and show no signs of cooling o