most of the tech companies are close to each other. there's traffic permitting probably a 15 minute drive, most of them one from another and you go up in the hills where teslais , their headquarters across that day i have their factory, apple and cupertino in menlo park, we're here in mountain view at google so everywhere you look, you throw a rock, you're going to hit a big tech company. the groups in silicon valley lay an important role in the local economy and in the california economy. they generate billions of dollars in annual revenue and employee tens of thousands of people. hundreds of thousands if you put them all together so the there a massive driver of the economy and their essential to the culture here because just about every person you look at is going to be either working for a tech company or is in a business that supports the tech companies or is it a business that makes money off of having these people here, getting paid well, doing the work in the tech terms. when i set out to write about tech tourism, i was surpris

how do we make sense of what is going on in the tech world? is the tech bubble about to burst?oining me is max chafkin who has been covering uber. richard edelman and william toan, especially jupiter "vanity fair" and author of "why wall street matters." max, i would like to start with you. one of the things that put uber in the spotlight is this extraordinarily video of released of travis in a cap arguing with an uber driver. this comes on top of the scandal when a female employee wrote a blog saying it is a sexist place to work. it is a combination of nightmares for the company. tell us about the video. max: it has been an extraordinary month for uber. you did not mention the delete uber campaign. this video came to our beat reporter, eric newcomer, it was passed to him by a driver. it is clearly a dash cam video of travis kalanick, the c.e.o. of uber, getting into a spirited debate with a driver. it kind of reminds me of the joe the plumber video where you have a lot of uber drivers who have long felt the company does not always have their best interests in mind and you have

having these people here getting paid well for doing no work in the tech firms. when i set out to write about tech tourism, i was, of course, surprised by the level of it that i discovered. but i also, you know, i talked to a professor of communications at stanford university right near here who described the visit to google, facebook, apple, everywhere as pilgrimages. and and it really drove home to me how central these companies have become to our lives. they've become so central that people want to visit them as the if they're some kind of holy grail, as if just being in their presence has value of some sort. and, of course, it highlighted the value of the selfie for many people, because that's the driving reason for it. it's also very interesting to me that you have a lot of people that are involved in tech in other countries and, of course, this is the epicenter here in silicon valley of technology. you know, it's world famous for that. and is so you have techieses from all over the world coming here just to sort of absorb the energy and witness these places

is there a tech bubble about to burst? joining me now is max chafkin who is a writer for bloomberg business week who has been covering uber. richard edelman is the president & ceo of ed e8man, a leading global communications firm, and william cohan, a special contributor to "vanity fair," and author of, why wall street matters. i'm very pleased to have them all at this table. welcome. now max, i would like to start with you. one of the things that put uber in the spotlight is that we've had this extraordinary video released of travis in a cab arguing with an uber driver. and this comes on top of the big scandal created when one of uber's own female employees wrote a blog saying that frankly it's a very sexist place to work. this really is a iming of a pr nightmare for the company. tell us a bit about this video. >> i mean it's been an extraordinary month for uber. you didn't mention the delete uber campaign that started in january. there is a lawsuit with google. this video came to us, our beat reporter eric newcomer, it w

fin-tech offers that. would like to welcome you with open arms to try and solve these problems in the u.s., because we have real problems in the areas you are trying to solve. joe: great to hear. we are transactional here. we are very much here. it's great to hear you validate that the country needs us. aaron: it absolutely does. the president goes and says these crazy things, that we are going to use remittances to pay for the wall, and it also has a chilling effect. language from political leaders matters in terms of where business is located, particularly in high tech and innovation. joe: people who live across borders or in other countries have a pretty raw deal. anything we can do to make their lives a little bit easier is good. selina: transfer wise, it's very -- transferwise, it's very cross-cultural. how are you thinking about this visa problem? is it a big concern? joe: it's business as usual. the timelines will determine when we need to start thinking about it. what of the talk around theresa may

and will 2017 be a big year for the tech ipos? we have seen some debuts, the volatile one of the company snap. earlier we spoke with the cofounder of khosla ventures and the ceo of rubrik. -- which is on the line up for lyft. >> what we are seeing is the high-quality company is with a real business model and sustainability, with a long-term sustainability, those are going public. not every public -- not every company is going public, so the bar is high, but we have a number of companies that have that high quality revenue, and a product getting into the market place. >> when you have your viewpoint on the chief executive of rubrik, you look at these companies following snap, is it time for rubrik to look at those public markets? >> we are probably two years away, but we are building a company to become a public company and long-term sustainable business. i think the fundamentals of enterprise business and selling into larger parts or the larger end of the market, and deriving seven figures, or eight figure deals, that is more than

question, there is a new tech movement on the rise. am traveling from tokyo to kyoto to meet the japanese inventors bringing this new culture to life. away we go. along the way, i will hang with some robots that can kick my --, and lose myself in this trippy wonderland, all on this episode of "hello world." ♪ ashlee: silicon valley may be home to some of the biggest tech giants in the world, but it is being challenged like never before. crazy tech geniuses have popped up all over the planet, making things that will blow your mind. my name is ashlee vance. i am an author, a journalist, and i am on a quest to find the most innovative tech creations and meet the beautiful freaks behind them. >> hello world. [car horns honking] ashlee: where else would i begin my journey, but in tokyo? ♪ millions of people make their way around the city in an orderly fashion, doing the best not to bother anyone. it is that night that tokyo really comes to life. welcome to the robot restaurant. ♪ ashlee: as touristy and insane as all of this is, it actually

country that is a has got a huge tech marketplace, huge tech industry.cannot take them for granted. we cannot take our competitive position with them for granted. i am afraid the way washington rhetoric is going we are taking a lot of this for granted. caroline: apple certainly cannot take it for granted. when you look at the market , china seems to be losing its luster. smartphones being made in china are so powerful with a good price point. do you think apple can start to win back some market share? it is crucial when it comes to 20% of its revenue. david: that is not the big china question in my opinion. i think a lot is riding on the next iphone coming out this fall being a major shift and move forward with fundamentally new qualities. i have heard a lot of people saying they think it will do really well. i have yet to your argument about light it will be so different from the extremely good iphone i have in my pocket now. andt were really cool different, the chinese will respond to that as well as any country. goes to be a global market phenomena, c

popular tech.ter. what are you looking for? >> it's facebook, is it tech? a popular stock? a super cap name. and it's come a long way. let's just start with a few things. so, just to put nit perspective, i thought i'd put it in the top three waitings by sector in the s&p. we know this is a gargantuan, microsoft and google and so forth. so, one, it's reapinching, much more segment. keep that in mind. so again, only two of the four stocks are in tech. the weighting of these is 6%. apple and microsoft use have ten or 11%. total s&p. let's talk about facebook. okay. first of all, fang, that group, are going to get to facebook. that group top chart those four stocks plotted equal weight, broke out to a new high. and, yet, they have not made a relative new high since october. they have honored the market for five months straight. so fang, these four, up new high, no relative high, meaning, having been in them for five months is a did you ud, here ar numbers. you have done half as well as the market. sinc

and some standouts in the tech sector.his is bloomberg. ♪ ♪ caroline: oracle reporting of their third-quarter results, beating their topline it with revenue over -- and moving higher. here to break it down we are back with cory johnson and the chief research officer at idc. resounding like revenue. growth in the cloud is where it is at. dividends willhe help the stock price. a few pennies. they will take it. what is interesting is one of the most interesting growth stories was there double-digit rates. what is a researcher service, it is like amazon web services, microsoft, the google cloud business. oracle is competing in the same space and is saying strong growth -- seeing stronger and i think it is powerful for this company. it is interesting that amazon is competing with these guys on the database side, so you have really unlikely competitors for oracle right now with amazon and the web services business and i think it will be part of the conference call playing right now. caroline: we will get headlines out of that. s

so, there are set ups elsewhere outside of tech, then there are these tech stocks we never talk about. ibm. if this stock can hold the recent lows and not give up, the recent gain, here's a name that's a 14 forward pe, an incredible uptrend, support from berkshire hathaway buying every dip. >> it's not the om one in there. i would put apple in there, cisco system, qualcomm. the nice thing about tech is is no matter what type of investor you are, there's a segment of tech for you. you want to be a growth momentum guy, netflix is right there for you, so the facebook and i know there's fundamentals as well. >> news alert with meg. >> hey, scott, we're looking at forward pharma, those shares plunged before being halted on a patent decision in a case it's fighting on the multiple scler oasis drug. biogen getting a little pop on that. in other patent news today, we just updated folks on acorda. that stock falling on a decision invalidating four of its patents. so a lot of negative patent news driving tech stocks today, all negative, except for biogen. >> risks and rewards of theodse stocks.

dee dee roy is in burrelling game california awe at the tech summit where tech and agriculture are alloming towing. [ music playing ] . >> reporter: it's a bit odd to see dairy cows on farms wearing what looks like brightly colored necklaces. they're actually smart collars. their makers say they can save farmers hundreds or thousands of dollars per cow by testing for diseases before they become life-threatening or monitoring ovulation cycles. two different companies have come out with their own bovine devices, both startups call themselves fix-its for cows. livestock is one area of agriculture being disrupted by tech. the manager director of monsanto growth ven dhurs. >> we see more and more dollars coming into agriculture. it's banking ent tremendouspreneurs. >> reporter: by companies started their arm to tap into the birth of innovation. they raised a record amount last year and this year could top that, according to insights. some of the hottest companies include drones which make software for drones to map out fields more precisely and then there's blue river technology. the compan

tech is the top sector this year have -- being helped out by a big tech names.oline: what is fascinating is the volatility. volatility is so low across the board. how is that playing into some of this tech ramp-up? >> it is amazing, the lack of volatility. the vix at record lows, but the nasdaq is even lower. it is the had a record low. we have another bloomberg chart. vix, andhe nasdaq 100 the s&p 500 bigs -- vix. not a lot of volatility for technology stocks. you could even say complacency. the nasa 100 is up about 11% on the year s&p 500 6%. ,the big tech stocks are outperforming. you are telling us how intel and paypal were down on the day. who are the out performers on the year? >> all the big technology names including apple, amazon, facebook, and google. those are some of the top tech stocks. one less chart on the bloomberg. -- last chart on the bloomberg. in pink on the bottom of the uprt, that is the s&p 500, about 5.5% on the year. facebook.up 25%, the big interest -- internet stocks are trading higher. this has to do with expectations about the presid

those are the only three companies that have the tech resources and tech chops that could give us a runipo this year? >> no. >> because? >> we are looking to do a fund raise in the next couple of months that would allow us to be as aggressive as we want and take our time considering the public markets. >> next year maybe? >> maybe. >> maybe. i read something about a $10 billion valuation in five years? is that real? >> i would be disappointed if it weren't real. i think that certainly starts to be in the order of magnitude as what we are seeing as the opportunity here. it is on the low side of where we see the business going in the next 5-10 years. >> this april, the monthly subscription service which grants users access to classes plans on rolling out its own video on demand feature, joining daily burn and beach body on demand, which have been offering streaming since 2015. while currently only 15% of fitness consumers are working out on demand, it's not expected to stay that way. >> in five or 10 years, we will see the digital fitness trend grow. i think the new entrants to the market

i love the cerami-tech. now, i'm gonna just open one of these guys up. so i take this out like this, and then we're just gonna cut these into quarters like this, and i just quarter them. >> these? dump them in? >> yeah, help me out. come on. >> absolutely. >> you know, denise, you got to work around here just a little bit. >> i am! >> you can't just eat. >> i'm getting to be a whiz in the kitchen. >> you know, when you have a copper chef, it's just easier to cook. we're gonna put this guy in. all right. [ laughs ] >> oh, my! >> look at this. am i ever worried about anything sticking? i need kip. >> kip, good friend! >> the reason i want kip is because i want you to see. no oil, no butter. now i'm gonna just pull it right out of here. >> really? >> before i serve it up. >> oh, man. >> kip, seriously, i can actually make something else in there now if i wanted to. >> right! >> look at this! you have the biscuits cooked right in with the eggs, right? >> mm-hmm. >> look how gorgeous that is! >> wow. >> breakfast all at once. >> right. >> all in one pan. >> m

inel's car tech deal could be a boost for the israeli tech scene. we will explain coming next.lus, we speak with a massachusetts attorney general on president trump's continued push for a travel ban. this is bloomberg. ♪ ♪ caroline: now to intel spending $15 billion for a foothold in the self driving car market. the u.s. chipmaker is buying israeli company mobileye. it is the second largest acquisition for intel, and the largest ever for a israeli company. shares surged on the news. as part of the deal, intel will move its existing car tech operations to israel. cory johnson caught up with brian krzanich and asked him about that decision and its associated cost figure. >> we built about $175 million in synergies into this deal. we were going to move our autonomous driving resources to israel where mobileye is centered. there is a lot of us g&a and are indeed was overlapped between the two companies. that will bring those synergies to that $175 million over time. cory: there was a lot of options trading in the days before this deal was announced, and i should say purchase of cal

it will help americans with tech skills.n the other hand, it will hurt tech companies, which may impair their growth and may long-term impair american jobs. that is not a positive thing in my opinion on balance. i think this month the month change in jobs will not be affected one way or the other by tech. i don't pick you can identify it in that way. but i am an optimist about text ability to create jobs. as jake pointed out, if you have skills, you are in demand. jake, you have 70,000 students, but not just in the united states. can you tell us about it more about how much people are being put off coming to the united states to work? i would say, we have gone to these other cities because there is a global community of people who share a passion for their work and life. those people still exist and they all crave a certain level of mobility to be able to study in sydney and come to new york is a perk of being part of the general assembly immunity. there is no doubt with the recent travel ban news as well as an overall diffi

the tech center is a great example of this. the tech sector over the last few years has taken a lot of heat for not being very diverse. it is a largely white, largely male industry especially on the engineering side of things. as a result, if you were to develop a recommendation system looking for key attributes and characteristics that might indicate who would be a good cto , those characteristics are likely to be more skewed to those people already in those positions. a majority of those people are white men. that means more white men are likely to come back. this is tricky, because the way we look at this is to sometimes think about eliminating race or gender from the equation. somehow take that out as a bias factor. the trick with that is that there are a lot of ways that race and gender and class can get double encoded into variables you would not think have anything to do with those things. for example, zip code is an indicator of race, because our cities tend to be regulated -- dividedties tend to be up on racial lines.

>> we are seeing a massive secular increase for tech skills.hat is no secret it has been going on for a wild. context whatat we're seeing now in the last six months or so, the companies are finally starting to wake up because they have such a demand for a tech talent. there is a limited supply, they are aggressively working with companies like ours to find alternative ways to generate that talent. ,f it is reskilling employees or finding pipelines of employees. that is all a part of this secular trend. have less to do with the immediate motion of the economy, but what could happen. >> a need for retraining there. what youwant to hear hear from people in new york and in silicon valley, there is this one for retraining. could they build up more talent in the red states or is it too late? >> i think there is demand across the board. i think there is a tech industry how everybody rings their hands routinely. i think you'll see a lot coming with technology. find ofhelp americans these is that are harder to obtain. these could impact growth. that is

. >> are these big techs starting to fail, are they relying on the big tech names too much to keep this rally going? >> it feels like a safety trade. i know last year the market was stuck in the mud. some of the ones like apple that have good product cycles, those were safe. you have amazon and facebook that have that incredible growth people felt good about regardless of the evaluation. to me, it's nothing short than bullish. you know, no way. it's also a safety trade away. i would add some of the big ones, apple in particular, if you're not going to get the sort of tax reform. you may get some form of repatriation, a tax holiday. apple has $250 billion in tax. most is overseas, they are the number one beneficiary of that. >> are we living in an alternative universe to say amazon is a safety trade a bit? >> a little bit. when you look at the evaluation, it's the one stock people want to give a break to it. right. they look at valuation, say, yeah, but look at the growth. look at aws, e-commerce, you get a press. all the money besos put out there. we use comparisons all the time. he is

>> china has done an extraordinary job in tech.e big tech companies, none are european. i think silicon valley will remain this force of crazy, disruptive innovation. i think the people who think new things and build something completely new tend to work with us and others. i think china is doing great job because the market is very large. that is why there are so many great chinese companies. caroline: will the u.s. always been the number one market for you? >> i wish i could understand where the world is going, but i love the united states. i love what we do here. you can be an entrepreneur and invent new things here and get away with it, which is great. we are in some sense the university of silicon valley now, and you can just do this. caroline: do you think that is a risk under the new administration? >> i am still in my wait and see mode. there are many things to be set on both sides, but i think everybody, including the president has the good of this country at heart, and everybody i talk to really worry about how can we tak

tech stands upheld its first rally in palo alto. many of the tech workers spoke out against the trump's administration. >>reporter: at the foot of palo alto city hall, tech workers and nonprofits spent this pi day holding anti-president signs. 500 people total attended the 3-hour long rally to send a message to the trump's administration ranging from women's right to immigration. >> when you go to your next job interview, don't ask about the stock options and how many ping pong tables have, ask how much do the community give back to the community. >> brad taylor of satisfy who -- he founded tech stands up in his spare time. >> this is the first step. this is the first -- a rally we have had unknown. >> tech workers from mountain view to mineral park showed up. >> i'm glad silicon valley is participating. i think it's important for us to be in this movement although we're in the bubble of california. >> this mother brought her 12 year old son. >> i wanted to see what tech companies are doing. i'm disappointed there aren't more people

tech data posted a 28 set earnings beat off a 2.17 basis.n as sales came in a tad lighter than expected down 1% year over year, a lot of currency issues here. what threw people was the guidance or specifically lack thereof. company said it wouldn't provide outlook for next quarter or fiscal year because of a huge acquisition and apparently it was too soon to accurately crunch the numbers. though management reiterate this deal provide big boost to the company's earnings, which st what we care about. the lack of guidance and weaker projection for the whole industry environment spooked a lot of investors out of the stock. but then this morning the analysts who cover tech data at needham upgraded saying creates a buying opportunity with company with unprecedented execution. unfortunately the window closed pretty quickly. i think this is a situation where we got to dig deeper. so let's check in with the long-time ceo of tech data, learn more about the quarter and his company's prospects. welcome back to "mad money." good to see you, bob. >> how a

at facebook, women fill 17% of tech positions, 19% of google's tech jobs, and 15% of those positionstwitter. and taking a look at women in management positions at those companies, facebook reports 27% of senior leadership roles are filled by women, at google, 24% of leadership roles are filled by women, and twitter says 30% of its leadership positions are occupied by women. and how does that compare to fortune 500 companies? a recent study found that only 4.2% of fortune 500 ceos are women, and the fortune knowledge group also found that in 2016, the number of women ceos actually declined at fortune 500 companies. it was 21 last year, and that was down from 24 the year before. sara, back to you. >> still a lot of work to be done. aditi roy, thank you, in san francisco. >>> shares of adidas are surging this morning. the company issuing a surprisingly upbeat outlook, also raising its 2016 dividend. the stock up more than 9%. i spoke with the company's ceo, kasper rorsted, on everything from european politics to the u.s. consumer to kanye west. listen. >> i think it's many things. it is

how do i leverage what i have learned from tech experience and campaigns? it is like, how do we apply technology to make government work better? which has a side effect of taking money, making it the ultimate posy no-brainer in my view. it is not necessarily because we're geniuses. it is because the disruption of technology is so fundamentally challenging our entire technology. government has no choice but to reflect that. i don't think we have been through this before. our democracy was created in an agrarian society. it survived and thrived, and improved upon itself as we went into an industrial society. we are at that same inflection point today. that great and amazing ,pportunity to not just survive but create a more perfect union. you think about the meeting on television. amazinge main -- it is the role it continues to play, like c-span, and presenting a sense of ownership over our public institutions. imagine what interactive technologies can bring to the table, not just watching these debates. that is my day job. >> is there a different set of rules

now, will 2017 be a big year for tech ipo's?dy seen snaps volatile ipo, and we are waiting on other countries to go public. -- companies to go ahead. we spoke exclusively with vinod khosla, partner at lightspeed ventures and ceo of rubric, and i asked if now is the time to go public. lightspeed ventures was the first institution to back snap, and vinod khosla is an investor in okta. >> what you are seeing is that high companies with a real business model and a path to profitability and long-term sustainability are the companies going public. not every company is going public. we still feel the bar is high, but we have a number of companies with differentiate product getting into the marketplace. caroline: when you have your viewpoint as chief executive of rubric, you are looking at these companies that have followed on from snap. is it time for rubric to look at the public market? >> we are probably two years away from the public market, but are building a company to become a public company in long term sustainable business. i t

talk about some of the sectors within tech that did well.kers are hot. >> you are right. we saw lots of chip stocks trading higher. the chip index outperformed the broader markets quite nicely. at one point, up more than 1%. in addition to nvidia and intel, we also saw strength out of micron i had the report on thursday. there's lots of bullish call activity. rise up more.m.c. than 6% on bullish comments. the analysts thinking there is more upside available relative to revenue. look at the one-year chart. the stock is on fire up more than 400% over the last year. a big turnaround. one point to be made. is this sector overextended? the bloomberg analyst told me recently he has a big concern about valuation. 3925. look at this is a long-term chart of the stock. the semiconductor index is approaching its 2000 highs on the extended valuation. there may be reason to think we could see a turnaround. the question everybody is asking, what is going to be the trigger for the potential pullback so many are looking for? caroline: amazing topping the le

the tech in history has been concerned with trump's plan to slow h-1b visas, the visas that tech companiesfill high skilled positions they say cannot be filled by u.s. workers. any report out by the national bureau of economic research says the visa program tends to hurt the tech workforce. joining us is one of the authors of this report, etc. they follow for -- a center at the -- a fellow at the center for global assistance at the university of california-san diego. your study seems to show that h-1b actually limited comes oppressed wage growth and u.s. workers getting into the tech area. >> right, caroline, we do find that wages would have been higher for u.s.-born computer scientists, for the main message we have in our report is that on the whole, the u.s. economy is better off with immigration. the average u.s. worker is better off and also every worker --er than europe born u.s.-born computer scientists are better off to even those in the tech sector. because we have more computer scientists we need to hire more managers in these jobs and that raises the demand for managers and place

still to come, intel's $15 billion car tech deal could be a boost for the israeli tech scene.e will explain why, next. plus, we speak with a massachusetts attorney general on president trump's continued push for a travel ban. this is bloomberg. ♪ caroline: now, to intel spending , $15 billion for a foothold in the self-driving car market. the chipmaker is buying israeli company mobileye. second-largest acquisition ever for intel, and the largest ever for an israeli company. shares for mobileye surged on the news as it represents a 30% premium to last friday's closing price. as part of the deal, intel will move its existing car tech to israel and keep mobileye's business in the nation. bloomberg editor at large cory johnson caught up with reinke signage and ask him about that decision and its associated cost figure. >> we built about $175 million in synergies into this deal. as you said, it is right. they were going to go and move our autonomous driving resources to israel where mobileye is centered. and you know, there is a lot of sgna and r&d that will bring the two synergies

i doubt many of you can name a single tech product or startup that hails from this country.will see next then may come as a real shock. ♪ ashlee: because in its very subdued, self-effacing way, england has in fact given rise to a handful of tech companies that have impacted the world on an immense scale. i am heading from london to cambridge and into the english countryside to find the best technology that england has to offer. along the way, there will be fancy hairdryers and ai-infused software. >> hello. my name is -- what is your name? ashlee: and of course there will be a spot of tea, all on this episode of "hello world." ♪ ashlee: silicon valley may be home to some of the biggest tech giants in the world, but it is being challenged like never before. crazy tech geniuses have popped up all over the planet, making things that will blow your mind. my name is ashlee vance. i am an author, a journalist, and i am on a quest to find the most innovative tech creations and meet the beautiful freaks behind them. >> hello world. ashlee: if you tried to design the perfect universi

what more is there with tech? >> they will have to figure out how big the fundamental problems requirementill be a after they figure out the depth of the problem. they have made guarantees about the credit ratings. if it is lower, they will get additional credit to do this work and they are really in a mess. >> where going to bring in steve mcqueen. thank you. now, a program note. wednesday will have full coverage of the fed decision and the janet yellen news conference. on coverage begins at 1:00 -- in new york. netflix has a strategy to outdo the movie business. withhey are joining forces the industry outsiders. this is bloomberg. >> amazon is trying to attract shoppers. this is part of an effort to sell more merchandise across asia. they had a simplified version to cater to meet demand. than 6 billion cars and it makes them eight she rival. down onis doubling their plans to shakeup the movie industry. micro-budgetease the television offerings will be more than 6 billion and, joining us from word and ias has the

too hot because of tech?think there is a tremendous gravitation towards large cities, especially cities like san francisco, los angeles, new york, boston, washington, d.c., miami. these cities are drawing in the tech crowd, mostly because of their outstanding educational facilities. but that community is very much drawn to the technology aspect of real estate search. these cities are also looking for bubbleized communities where you have walkability. there is something wonderful about walking from your home to work and not being stuck in traffic. we are finding within these large cities there are micro-communities happening. i believe in san francisco we are experiencing a constant battle with multiple bidding. caroline: thank you so much. sorry to have to jump in. we could have you on for hours. thank you very much for joining us. that does it for this edition of "bloomberg technology." on thursday, we are diving into the future of the --and speaking with fitbit's ceo. this is bloomberg. ♪ anna: terror strik

most of the tech companies are fairly close to each other. they're probably a 15-minute drive most of them one from another. you go to the hills where tesla is. across the bay you have the factory. apple and cupertino. in any direction, you throw a rock, you're going to hit a big tech company. they play an extremely important role in the local economy. they generate billions and billions of dollars in annual revenue and employ hundreds of thousands of people if you put them alling to. they're a massive driver of the economy and they're sen torble the culture here because, you know, just about every person you look at is going to be tech working for a company or is in a business that makes money off of having these people heerm getting paid well for doing their work in the tech world. when i set out to write about tech tourism, i was surprised by the level of it that i discovered. but i talked to a professor of education right near here who described this visit to google, facebook, apple, everywhere as a pilgrim image. it -- pilgrim adge. they

workers getting into the tech area. guest: right, caroline, we do find that wages would have been higher for u.s.-born computer scientists, but the main message we have in our report is that on the whole, the u.s. economy is better off due to immigration. the average u.s. worker is better off, and also every worker other than u.s.-born computer scientists are better off, even those in the tech sector. because we have more computer scientists, we need to hire more managers in these jobs, and that raises the demand for managers and raises their wages and some u.s.-born computer scientists switch over to managerial positions. that is why you find there are fewer u.s.-born computer scientists working in computer science occupations, and at the same time, because of high-skilled immigration, there has been some depression in wage growth for these u.s. born computer scientists. caroline: overall, it is a net positive from the gdp perspective, because also it helps reduce the overall cost of some of the technology they are hel

a handfull been with the so—called people's war on tern and low-tech.rs armed only with young farmers armed only with knives. and it is back to class in seoul with bbc‘s on professor dad. live from our studios in singapore and london, this is bbc world news — it's newsday. glad you could join us it is eight o'clock in singapore, in o'clock in singapore, midnight in london and nine in the morning in a seoul led the us secretary of state will be meeting the acting president. the pair will discuss other thing is how to deal among other thing is how to deal with the growing - from north with the growing threat from north korea and how to get china to do more. mr tillerson has already had meetings with the japanese prime minister. shinzo abe welcomed the visit and its timing. translation: ina visit and its timing. translation: in a situation where north korea u nfortu nately in a situation where north korea unfortunately continue staking threatening actions and the security in the asia pacific region in issue in the asia pacific region in terms of fires, i f

tech: how'd ya do? player: we won! tech: nice! that's another safelite advantage. you so much! (team sing) safelite repair, safelite replace. . >>> the fallout continues today over the controversial firing of a high-profile attorney from new york. he was one of several that was asked by the trump administration to resign even though trump assured him that his job was safe. he refused to quit and then got fired. the president had ever right to is for resignations as former presidents have done, but senate democratic leader chuck schumer had a different take. >> he will be sorely missed. he took on wall street and corruption better than anyone else. i believe the president's decision to change his mind says far more about the president than it does about him. >> a source also telling cnn this president trump tried to call bharara did not take the call. >>> and in two days, president trump is set to meet with german chancellor angela merkel, a politician he said he admires but also publicly has bashed her refugee policy, and there is plenty at stake right now, not jus

tech stands up in his spare time. >> this is the first step. this is the first rally we have ever had where we are an unknown. >> reporter: tech workers from mountainview to menlo park showed up. >> i'm glad silicon valley is participating. it's great for us to be in the bubble of california. >> reporter: this mother brought her 12-year-old son. >> came out to this event because i wanted to see what tech companies were doing. i'm a little disappointed there wasn't much people here. >> reporter: this man used to work for google. >> particularly in the valley we depend on it so much. i'm an immigrant myself. it just seems to me we should do it at park. >> the park where the tech workers were realized in the next four years is trump's economic policies will bring a lot of growth and opportunity for tech workers. >> reporter: after the rally, former santa clara republican chair steve mullen says there are conservatives in technology, but they are in the closet. >> you have too much grief from their peers. there's not an open and honest dialogue. it