the tech community is not the culprit alone.bviously, that is part of driving the economy, but we desperately need to do all the things that you referenced. we need to change the respective codes of the rules on buildings. we need to be committed to a faster response to those who are interested in building. we need to become more creative, using the tech community to help us come up with ideas on how to best do it. all of those things, plus rent control, must be reviewed to see whether or not that is a cap on how and when and where people want to invest. >> $3 million as a direct quote we got from the mayor's office in terms of how big these loans are. >> there is no way. million --o said $3 perust've been $3 million inflection because you cannot buy anything of substance in this city in terms of multiple units at $3 million. set a war is brewing in the streets of san francisco and a lot of people could be caught up in it if the tech war does not start change. how should they? thise tech world change and begin to get people like

tech and more tech in fact we're covering everything from tesla if you can believe it madame kim and it is tech related now first up fast food sales now while all the other fast food joints slumped in q one in q two of this year mcdonald's is still projected to be the top dog of this losing bunch and with americans writing mcdonald's as the more just tasting fast food restaurant there seems to be plenty of room for a replacement so sam what's going on here well it looks like these sort of fast food hamburger joints are falling by the wayside i think we have some earnings from two thousand and thirteen you can see the top five fast food joints and you can windies in burger king those sort of low cost burger joints they're in fourth and fifth now if you look at the projection of sales for twenty twenty they drop out of it which has people wondering if americans are kind of fed up with the fast food burger i don't think that's happening i think a lot of americans can't even afford fast food burgers anymore they can't afford to get a job because you didn't have the opportunity to a job.

the out performance in tech and bio tech that is catching the attention of traders. when it comes to tech i spoke to brian marshall who says a lot of it has to do with the change in business trends, a slight increase in enterprise spending plus intel's positive results. others like sam soegal say it is evaluation that despite the run tech as a sector trading at a discount to its historical price to earnings ratio. a broad based rally for tech, facebook, yahoo, google, apple along others. bio tech a bright spot. earnings for the most part analysts say have come in better than expected. >> those momentum names back in the spot light. now to market blast. >> check out what is happening with tekmira pharmaceuticals. coverage with an outperform raiding. tekmira has one of the experimental drugs to treat the ebola virus. you can see the stock currently up about 11% helped along by the outbreak. >>> thanks very much. i want to talk more about the markets and merger activities. barry james and peter sorentino. peter, i will start with you since you are in my hometown of cinc

it works. >> tech start-ups are doing it. social media company buffer lists staff salaries on the website. the moment it posted salary formula, the company says it was inundated with results. study on pay transparency on the cornell center on advance resource studies found that pay transparency worked better than secrecy, and keeping employees engaged and productive. everyone. >> i am sure it cost us hires. conversely, we have gained far better people. people that deserve their salary, and have no issue, and are better team-mates. comfortable. >> scott polak started here on may 1st. he says having an open salary changes the dynamics. >> it removes a layer of something that can be frustrating, either that the colleagues know something about you, or you about them. >> companies say it builds trust. there are down sides. atkinson says he is had to have a lot more tough conversations about why they are not paid as much as a colleague. >> communication tax is higher. in most companies you can leap on the fact that no one knows any

is it enough to counter the the rockets of the tech community? am joined by former san francisco mayor willie brown. is $3 million, enough when the average listing 1.7e of a home is now million dollars? >> i have to believe that was a misquote by whoever produced that story. $3 million means almost nothing in terms of addressing the housing issue. you need a lot more money than that, and edley is committed to a lot more money than that. >> rents are rising twice as fast in tech neighborhoods as the rest of the city. in most elections are happening within blocks of tech commuter bus stops, where the google buses and the buses that go down to silicon valley stop. my question is, what else can be done? is it building or buildings? is it changing building codes so more housing can be built? is it revising rent control laws? there is so much going on. >> it is all of the above, but importantly, we have got to get away from, in san francisco, identifying the tech community as the culprit. the tech community is not the culprit alone. obviously, that is

things why the tech bothers some people.you helicopter yourself into mount everest, have you been to mount everest? if you're not suffering at burning man, you might not be doing it right. >> i thought it jumped the shark 10 years ago. the editor was flying at -- the editor of "time post code magazine flew out. -- the editor of "time" magazine flew out. people thatf the are at this thing. i don't get the connection between technology people and burning man. tech workers, the it is the ceo's. >> this has been going on since 1996. back when it only had 4000 d" put it on the cover. burning man evolved in san francisco before it went to nevada. people are into weird, colorful underground art and expression. the tech people caught on to it early. a lot of them got superrich between 1996 and now. they are roughing it but they're still there, contributing, helping to fund some of the amazing art. if you are a burner who feels like your neighborhood has been gentrified and you don't like it, that should not ruin your ability to appr

the tech community has brought its tech dollars for things like private jets, air conditioned yurts,world class chefs/ is this changing the burning man experience for better or for worse? we are joined by our guest who has attended the event for the last 20 years. as someone who has been to burning man for two decades, for those that aren't burners, what is so special about it? >> it is a place where you generally tend to meet people celebrating creativity, feeling good about themselves, feeling free to express themselves in ways that maybe they are not free to express themselves in day-to-day life. it is a place or everyone is -- where everyone is really happy and everyone is amazed because most people around them are building amazing pieces of sculpture or fire art of a sort that you probably would never see in any museum, are dressed in a particularly flashy or colorful way. it is a place where people are having fun and feeling free and it is a great vibe. people are willing to pay a lot to go and to put themselves to a lot of trouble to go. it is in an alkali salt flat where the

the tech people caught on to an early.it.ned to a lot of them got superrich between 1996 and now. and now they are roughing it. but they are still there, they are still contribute. they are helping fund to some of the amazing art. burner who you are a feels like your neighborhood is being gentrified, i don't begin should ruin your good time that someone who you don't even know is living in an air-conditioned trailer and paying people to serve them food. that shouldn't ruin your ability to appreciate the event. it's as great as it ever was. >> and adjusting piece from the " about theimes line being drawn between the tech elite and everything else. does it feel that way? does it feel like there is a division at burning man? >> if you are just there, if you are someone who bought a ticket, you wouldn't have anyway of knowing that anyone you see -- ifing the open playa you walk by their camp, the wall of rvs, whatever. you just walk by it. the average person going would have no reason to know there is tons of tech money, excep

the tech community is not the culprit alone. obviously, that's part of driving the economy, but we desperately need to do all the things you referenced. we need to change the respect is codes and be committed to a faster response by those interested in building. we need to become more creative come using the tech community to help us, with ideas on how best to do it. all of those things must rent control must be reviewed to see whether or not that's a cap on how land when and where people want to invest. >> $3 million as a direct quote we got from the mayor's office. >> i understand, but there's no way somebody who said $3 million -- it must have than $3 million per transaction or 3 million something because you can't buy anything of substance in this unitsn terms of multiple at $3 billion. >> you wrote last year that a war is brewing on the streets of san francisco and a lot of people could get cut -- could get caught up if the tech world does not change its self-centered culture. >> the tech world is changing, by the way becau

big thing for tech startups so. do you think that financial technology investment space is on the verge of something big and is more fun investing heavily in that space at all. you have been saying this since i started stock to watch star wallstrip in two thousand and six when the you tube generation and we were purchased by c.b.s. i left c.b.s. before my contract and to start stock twits in october two thousand and eight which was probably the dumbest time people would think to start a financial. community and we really been growing faster in the last year flash forward five years we have a great c.e.o. that we brought over from x. limburg and seen a b c person so you have this amazing thing the core functions here are two things you have this amazing shift from wall street finally what they call themselves refugees they have no to prove how little attack and common sense wall street has of their calling themselves refugees and they're the wealthiest refugees of all time but you have this convergence this boom you

that was hedge fund manager and tech blogger howard wins. time now for a quick break but stick around because when we return we're bringing you the third and final part of our interview with noted cryptologist bruce schneier and in today's big deal our chief political correspondent sam sachs is sitting down with me to talk about everything from burgers to kim kardashian and we promise it's tech and finance related and remember you can see all segments featured in today's show on you tube at youtube dot com slash boom bust our teeth and on the really we're out dot com slash boom dash but now before we go here a look at summer closing numbers up at the. crosstalk rules in effect that means you can jump in anytime you want. in justifying their stance they're citing all sorts of what they see as international precedents in cost of the coming referendum in scotland but the response that they're hearing from the one is that what you're saying is illegitimate but what we've been doing is still full of life in america if you break into their story.

hedge fund manager and tech blogger howard. time now for a quick break but stick around because when we return we're bringing you the third and final part of our interview with noted cryptologist bruce schneier and in today's big deal our chief political correspondent sam sachs is sitting down with me to talk about everything from burgers to concur to ash and we promise it's tech and finance related and remember you can see all segments featured in today's show on you tube at youtube dot com slash boom bust our teeth and on throughout the dot com slash boom bust now before we go here a look at summer closing numbers. i'm happy martin the stories we cover here we're not going to hear any right other big story that. is a reason they don't want to you know aren't there. now let's break the set. market like. you. should have you with us you're on t.v. today i roll researcher. welcome back now boom bust is hitting the road this week and me and my trusty segment producer bianca sheeny are heading to may get this yes vegas after the s

, sleepy tech old tech is being treated by a defensive trade. >> it's opposite of what dan is saying.this has been going on for a long time. to me, you have intel and microsoft up just in the last six, seven months. it's not the revenue's growth, yes, are you giving this 3% dividend yield. sooner or later people will physical that out. >> when every bubble comes in basically, people throw out the stocks the post-overvalues purse and very often even you know basically the safest stocks tend to decline in those types of situations. they won't decline anywhere near as much. >> i love it, though, carter and dan on opposite sides, excellent. coming up next, the final call from the options pits. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at 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

but if there's some sur moil in the market, the smaller cap tech names they're going to feel it. i think the larger caps are. there's uncertain the. i expect higher volatility, not just in tech stocks, i think for the market as a whole over the next couple months, we could see some good buying opportunities. >> is the end of the federal reserve's bond buying. known as quantitative easing, has that been priced into the market? i ask because the last couple times the feds stepped back from pumping money that way into the system. stocks stumbled. >> i think the fed realizes that particular qe program was pretty ineffective. i think the market likes it that the fed is starting to get out of this. always, tyler, you know this as well as anybody else. when the fed starts to reverse course from easing to tightening, you don't know the timing, there's lots of uncertainty. it causes volatility. the tapering program they have going on right now, the market's completely fine with that, it's going do have no effect on the stock market in my opinion. >> we're going to be talking about the fed

. >> high tech. it's not booming for everyone. a lack of adversity and calls for change. >>> plus, a san francisco artist makes the surprising decision to give away his art. we'll find out why. >> we'll probably make some people happy. who knows. >>> good evening, and welcome to kqed newsroom. i'm tui vu. e-mails revealing a close relationship between pg&e and the public utilities commission are leading to calls for the removal of the state. pg&e was hit with a 28-count indictment to look into the cause of the pipeline blast in san bernardino. he killed eight people, leveled several homes and destroyed a neighborhood. she loretta lynch is a corporate influence. >> you've been a long time influence in the state of california. what troubles you most about the e malils that went back and forh between the public utilities commission and pg&e? >> it shows there are cozy relationships with the regulated entity. instead of cracking a whip and making sure every dime that's spent is just and reasonable, they are telling them how to spend t

>> investors are definitely jittery about tech stocks.ng, are we in a bubble again? we are not. the companies that are public today have real revenue and growth. the measure we look at is average revenue per user, and that keeps growing. also they have mature management teams. >> what about the pre-public companies? >> people are concerned about those also. we have a number of companies in the $10 million league, airbnb, uber. >> but they are not in the same league when they talk about the revenue. when you look at the landscape of the industry, you can look at these companies, but i was looking at the biggest software companies in the s&p 500, the microsoft's of the world. those came up right along the pre-public companies. for thesee p/e companies and how far below we are from the peak. i was surprised when a look at the chart. when you are looking at the counterbalance between the pre-public and those big public companies, what does that relationship save you? >> there are a lot of people that look at airbnb and say that they are worth

saying these are some of the only fair valued tech stocks, at least some of the cheapest tech stocksespecially when the momentum selloff occurred and especially when there was a flight out of some of these social media names. how much longer do you think that some of those old tech stalwarts will start -- will see inflows? or do you think that that cycle is over? >> i think we're coming to an end, whether it's this month or in six months from now, i think ultimately it's going to come back to growth. and that's the difficulty that those old companies is face is yes, they're low valuations and they return cash to shareholders. there's some virtues about that. but at the end of the day, if you're a tech investor, you really want to own growth stories. and those companies just don't have the growth stories. you look at companies like amazon, for example, which has been out of favor but coming into the back half of the year with the holiday, it's companies like that that have been these really strong companies that have fallen out of favor. i think the momentum's going to shift back to t

. >> some of these tech stocks have been unbelievable. look at apple, some of these tech stocks have done so well, from s&p 1000 to s&p 2000, but the whole market is old. a lot of people are say welcome at some point, this has to turn. >> a 10% correction happened three years ago, it's a long way away. investors i talk to say for that 10% correction to happen, you'll have to see the united states directly involved in some geopolitical instability. but what i think is interesting is that the s&p reached 2000 on a week when no one was home, one of the slowest weeks of the year, still got up to 2000. >> the invites are out, making apple's upcoming event official. in typical apple fashion, the invite is cryptic, saying only the date, september 9th, and this, "wish we could say more." hmm. the company usually rolls out new iphones in septembers. apple-picking time in september. this time, two new iphones are expected with supersized screens, a 4.7 and 5.5 inches. the current version has a 4-inch screen. also expected, an iwatch. jose, apple ki

>> "tech know". >> we're here in the vortex. >> tomorrow, 7:30 eastern. al jazeera america. >>> dozens of sunni muslims are killed in an attack on a mosque. ♪ >>> it has been reported that shiite fighters conducted the attack which is reopening barely healed political wounds. hello there, you are watching the al jazeera news hour. also coming up. in gaza at least 18 palestinians accused of collaborating with israel are executed. >>> and drivers from a russian aid convoy begin town load the trucks in eastern ukraine. >>> and

i believe it is an old tech play. when you look at many of these names, many of them used to not pay a dividend. if they did, they didn't grow it. and now they've drank the dividend kool-aid. and you're seeing companies that are not only increasing their dividend, but they're doing it substantially. qualcomm has increased their dividend 60% in the last two years. you're seeing companies as a sector, tech has the longest street cash flow, the lowest debt, the lowest payout ratio and dividend yield. so, they have ample firepower to give more income to people in case volatility increases or because they've offered great innovative plays. i think apple's the way to play. i like microsoft, qualcomm. i like companies that pay a dividend. i think technology is the best sector now as well as innovation for income growth. >> matt, sorry, if i could just butt in here a second. you know, how about the backbone of technology, companies like cisco, like enterel, like juniper networks, like dell? those are companies that are not so

mr edward harrison we missed him but he's back today and we're discussing tech some of the tech tech tech here the most recent tech stories from the past week let's go over the internet first up a washington post reported record high traffic just one month after adding a digital stuff so bad word is this based on what he does vaster now i think it's a great it's a great story about how you know disintermediation where we want to call it but basically these newspapers have been getting crushed by the platform chains you have all this fix infrastructure cost and we're moving to the. you know they can't support that infrastructure but the post is the way to increase their traffic and hopefully increase their revenue base but they're starting from a smaller base and it's early days of that level so i think that the jury's still out how long this is going to last but they've got a good ball now what's going on with john mcafee this is crazy i mean his story is better than any crime novel i've read this just tell me what's going on because you were black and he he was out there i guess at

>> "tech know". >> we're here in the vortex. >> saturday, 7:30 eastern.n al jazeera america. >> hello everyone, i'm tony harris in ferguson. 12 days since the shooting death of michael brown, and ferguson is a town a bit more calm today than it has been in previous days. i believe this is a really important day. the captain of the

let's talk tech. site million.has raised $60 that pushes the valuation to about $850 million, topping global news giants like "the washington post" and "the l.a. times." eileen, thank you for joining us. give us the buzz around buzzfeed. "thes it worth more than washington post" and "the l.a. times"? >> a number of reasons. there were lots of rumors that disney was close to paying upwards of $1 billion last year. legitimately because of how much attention it gets from its audience. it has 150 million unique visitors every month. it does roughly about 120 million people in revenues. drives it is the demographic between 18-25-year-olds. and how much time they are spending on the site. you make a comparison to traditional media companies. "the new york times" is valued at about half of that business. in addition to being news or coverture content, people are valuing it like a technology company. >> that seems to be the secret. no matter what business you are in, if you get yourself a year as a technology

in tech.e trading to the down side and weighing on the tech sector as well as the broader nasdaq. interesting, social media seen as a vol time secretator showin bit of green. earlier shares playing a big role in the outperformance of the social media index this week. kelly and team back to you. >> seema, thank you. >>> and jon fortt, not many safe havens found here? >> no. and risky valuation stocks, gopro down more nan 14%. having trouble. >> feels people are fleeing to treasuries for safety, though. seeing the yield on the ten year below 2.5 again. 2.49 we're seeing now. you can see the move is stark mid-day. >> this with a down near its session lows, art cashin pointing out moments ago, sliced try 1920 on the s&p things get interesting as traders look for the next level of support. hand it off to a group of them. time for the "halftime report" with scott wap nesh. >>. >> welcome. meet the players. jon najarian, and josh brown, also steph any link, and kenny and steve liesman back at cnbc he

what's the difference between a tech stock and a stealth tech stock? it's easy.arket has no trouble spotting innovation of traditional tech companies, but it has a ton of trouble noticing the innovation from more hum drum areas like apparel, restaurants, consumer packaged goods and because the market doesn't recognize the innovation, the stocks of these companies are therefore traded at an undeserved discount. these companies with real innovation fueling the growth, that's what we need and it's why i keep thinking you've got to come back to these names even in the market takes a dramatic turn for the worse because they've had a history of turning back. more specifically, i'm referring to companies that are using proprietary technology to invent entirely new markets and giving them faster growth and expanded margins and ultimate leigh higher price earnings multiples and therefore higher stock prices. who falls into the stealth tech category? >> who is innovating like crazy and not getting enough credit for it. >> i have one for you, how about colgate? i know. the

when we think of google, we think the king of tech. it has a lot of cash and attracts some of the best technology in the world. that's what it's been for the last ten years. looking at the next ten years, can it continue to dominate the technology world? we've seen companies dominate like ibm and microsoft and didn't continue that way. what about google? >> i think google has as good a chance as anybody else. it's tough for a tech analysts and portfolio manager like me. i've been doing this almost exclusively since the late '80s to say they will never slow down. i think they do have runway for that 15 to 20% top and bottom line growth for several years. now the interesting thing about this company unlike some of the tech tigtans of the '80s and '9s it's reinvented itself. i feel strong about the vision and execution and i think they will do well for the foreseeable future. >> so you own the stock. i assume you would add to the stock, your holdings at these prices. which shares would you buy, a's or b's? >> the share class goo gl that i

speaking to rahm emanuel for his plan to lure more tech jobs to chicago. also a look at lance briggs they data network by putting sensors on light posts. story of thead day. code alibaba end up being the largest ipo in history? popular aftermore the company reported first-quarter profit nearly tripling to just under $2 billion. monthly mobile users grew to 188 million up from last quarter. meantime, the ipo roadshow slated to start next week. what do the numbers mean the? this studio is cory johnson. in new york, leslie picker who covers ipo news from -- for bloomberg news. in chicago, jeff cap. the number? take on how surprising are they? >> i think they're really good numbers when you take a look at them, especially the mobile side that had been at? as the company transition from being pc dominant to the mobile side. we saw the mobile take rates improve from .98% to one point 49% this quarter. that is really a tremendous improvement. numbers pretty much expected? every time we see new numbers they are quite impressive. >> if you remember, fourth-quarter