own tech giant.there's a lot of talk about trade. a lot of things happening geopolitically. what is the impact of the u.s.-china trade tensions, for example, in israel? nir: i don't think we have seen any real impact directly on israel. i think there is some impact around currency. when israel has a stronger shekel, we pay salaries in shekels and make most of our income usually in u.s. dollars. that he can have an impact and put some stress on the local industry for the high-tech. so far, as much as we are feeling that, i don't think it has had a huge impact. emily: obviously, there are cities and countries around the world trying to re-create silicon valley. even cities in the united states trying to re-create silicon valley. do you believe that is possible in israel to continue to build the tech hub there that could rival the united states or china? nir: rival, it is hard to say. at the end of the day, there is the question of population. it is a much smaller population than either the united state

said, conservatives never believed the tech companies because the tech companies as filled with theseliberal employees. ishink what's important here that peter thiel has the president's ear. he advises donald trump on technology issues. he regularly speaks to him. hold kinds of issues can weight. it's a view that the president, which a the white house will seriously. >> thank you. that was bloomberg ben brody from washington. for joining us. that does it for this edition of technology." "bloomberg technology" is live streaming on twitter. us out.check be sure to follow our global network at tictoc on twitter. this is bloomberg. ♪ from the couldn't be prouders to the wait did we just win-ners. everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unlimited, and switch it up at anytime so you only pay for what you need. it's a different kind of wireless network designed to save you money. save up to $400 a year on your wireless bill. plus get $250 back when you pre-order a new samsung note. click, ca

what does that mean for tech? longerf you look at dated bond yields with 30 year sawing to a record low, we a yield curve inversion between the two year treasury yield to a 10 year treasury yields for the first time since 2007. we were no longer in negative territory. we should mention that. that means for tech going if you think about the high data areas of the market, tech is largely put into that group. maybe not as much software, but when you think about semiconductor stocks and apple, because they are so intertwined with china, some of these areas are very well intertwined with the global economy. when you think about the message that we are seeing from the inverted yield curve, some are saying that this time is different because you see flows from foreign money into bonds. ise say that the yield curve artificially lower because of what central banks have been doing. in the past it has receded a recession. those that do believe a recession could be coming at 12 to 18 months out, that does not bode well for bi

tech stocks taking a hit. plus, vmware has agreed to buy carbon black and pivotal in the largest ever deal. why those deals sent shares tumbling. and a new u.s. cyber agency says priority number one, countering threats from china. how it plans to keep the tech supply chain safe. first, ramping up the trade war. eared down onmp b china in a series of tweets, writing in part, the vast amounts of money made and stolen by china in the united states for decades will and must stop. our american companies are ordered to start looking for an alternative to china. for more i want to bring in sarah mcgregor, who has been following the back and forth. talk to us about this new round of tariffs, soybeans, cars, oil. who will be hit hardest if these go into effect, and how? >> the fact that china is retaliating -- when the trump administration announced these new tariffs, china said, we will respond. $75 billion worth of u.s. imports isn't a huge number, but politically sensitive products, things like agriculture, cars, it

for big tech matters a ton. the first orde simply changing the rules of the game and making them respect privacy and security in a different way, or is there much more of a structural impact on some of these large companies. those are the kind of things we're weighing it factors into how we think about risk rewards, it factors into how we think about target prices but there is an interesting side note where if you look at the investment that both facebook and google right now are making in safety and security, it is tremendous, and it's actually probably raising the barriers to entry for the next company out the there. they can't afford to provide the cost of entry to do a main line thing. it's going to impact businesses. i've been doing tech long enough and to see what happens when regulators get under the hood in very large companies it slows down innovation it slows down decision-making. that will all be an impact, and we're trying to factor that in the biggest question is there a structural thing they're doi

here are your tech bites. >> in today's tech bites, mark your calendars for apple's next iphones. >> apple released the bay that version yesterday, the calendar app set to the date of tuesday the 10th. a similar screen shot was found last year ahead of apple's september iphone event. google is adding a new feature to its assistant that will let you send reminders to other people. >> that's as long as your friend is part of the group. the feature is designed mostly for families. >>> if you're a binge watcher, this is the bed for zblou a high-tech projector, 70-inch screen and top of the line speakers. it keeps track of sleeping patterns, weight and can monitor room temperature. no mat word on the cost. whatever it is, worth the cost. >> those are your tech bites. >> i like that. >> you can eat your spam in bed. >>> bad karma for credit karma. >>> a new high school is giving students hands-on lessons in tech. >>> all right k pop fans, the night you've been waiting for, if you like baseball, also. k pop fireworks after the a's game tonight. they're taking on the astros once again. first

we need the tech sector to step up. i think, while ensure there's been a lot of time and a new day of made a lot of money, figure out how to refine that behavioral-based platform of advertising so that they can get more of your attention, what i call the addiction economy, addiction arbitrage, i think we should expect them and ask them and push them to do better. now, we can't do all of that in the law. what we can do is as consumers, as citizens we can say, we expect more from you. what should we do in the law courts we should protect peoples privacy and the property. my view when big dick is that there's nothing that is more valuable to you in this digital age than your personal data and information. you can't get a job with other. you can't get a loan without it. you can't do anything without it, but yet it is totally exposed. tech companies have near total control over it. that's why think we need to take steps that will give you property rights in your information to if you want to give it to google and facebook, t

the theme of big tech is hitting the public market. wework is planning to make public its prospectus for an ipo this week. t said in april it had filed paperwork confidentially. we are joined by two guests. ellen, as we await the prospectus, what are the key bullet points you are looking for? llen: everyone will be looking to see the financial performance of wework. nprofitable. it is a company that spends a lot of money to grow very quickly. i think people are concerned that the business model can't tand a downturn. taylor: ellen talks about the financials behind this company. what do you make of the valuations here? barry: i think ellen is spot on, people will be looking through it to get the numbers and figure out the valuation. last valuation is based off of softbank's investment back in january. it is hard for me to emphatically say that is a high valuation, but it feels high. i think real estate investors will be very scrutinizing of any kind of high-profile and high valuation ipo. taylor: at what point do you want to start to se

what that means for tech is tech unfortunately is one of the highest beta sectors and unfortunately oneors china.posed to as a result, semiconductors and equipment names are going to get damaged more in a selloff. i think software names are at risk as well only because this is a place where everyone has hidden in tech. this has been a place of support, software and services. as a result, the fact they have continued to power higher this summer, they are also pretty high data, so they tend to get thrown out with the bathwater when markets are in sort of a cell now, think later mode, which is the mode we are in now. emily: what do you think has been a bigger driver of the tech selloff -- trade fears or recession fears? >> good question. up until the last few weeks, it was really more about trade. we started to see pretty significant deterioration in theomic data overseas, and yield curve and the significant meltdown invades globally over the last couple of weeks would have suggested that this may be more about those trade concerns leading us into recession. it started with trade, and it h

which is why we don't just show you the tech, we use the tech to push the boundaries of what's possiblemarc on camera one and two, simon on camera three and four, jen on five, nima on six and seven, ben on eight and this is thalia on nine. this was the world's first full tv programme to be filmed and edited only on mobile devices. fyi, it was a nightmare. this week's click has been filmed entirely in 360 degrees. this was another world first, where we reinvented how tv was made, for an audience that could look in any direction at any time. and this week, for click 1,000, we've really gone for it! do i explore the cave, or do i look behind the tree? i'll explore the cave. so, turn to page 8a. this is how i spent a lot of my childhood, reading books where i could choose my own adventure, where at every point, i got to decide what happened next, and every time i read it, the story changed. i absolutely loved them. not only was i in a different world, but because i was in charge of the story, that story came to life. it felt so real. come on then, spen. so, after choose your own adventure b

shares in the tech giants bike after the u.s. announces -- tech giant spike after the u.s.nnounces it will delay tariffs. facebook has said they have been paying hundreds of outside contractors to transcribe clips of audio from its users. and, move over, oprah. redstone cements her status as the most powerful woman in u.s. media as cbs agrees to join with viacom. shares of apple and chipmakers sword in tuesday trading after the u.s. delayed tariffs on certain imports including smartphones as well as laptops. trump said, "is to case they might have an impact on people, what we have done is delay it so they won't be relevant during the christmas shopping season." to discuss in washington, the president of the u.s.-china business council. sarah, do we have any idea what the motivation is for the change of heart? sarah: we do know that the news gave a bump to the stock market. we sell retail and technology stocks go up today. there have been some declines in share prices in recent weeks. of course, that is an immediate cheer from the market. what we don't know what was discusse

is big tech too big?am one of the founders i am againstso monopoly powers being used, not opening up the world to equal competition, using power in unfair ways. i think that happens a lot in and that happens with a lot of things. people love technology, aspects of it, but then they always find other things to grieve about. i am forced into this mode and i -- no control over it. there is an awful lot. a company that has a strong presence in one market, using that presence to grow another market is sort of unfair. the example i used long ago was, if you owned all the gas stations and then you said we are converting the nozzles of all of our gas stations and they will only work with the new cars we are coming out with, that would just be unfair. that would be using your power in one market to subsume another, and we see this all over the place. just apps that come standard with products like phones do that to some extent. i'm in favor of looking to splitting up companies. i wish apple on its own had split up

tech companies have total control over it.hat's why i think we need to take steps that will get you property rights and your information. if you want to give it to google and facebook, that's your business. if you want to contend with that, totally fine. if you don't mind being tracked online pundits find that it ought to be something that you consent to do. to get your personal data back from the tech companies you ought to be able to get it back. they should actually have to delete it if you ask them to do so. so, i'm fighting to hold them accountable to protect your information and your property is to increase competition. this is the final thing i will say. if we need more competition in the tech sector, for those of us believe in the free market, and in the open markets, we believe in the value of competition. we want more choices and more option is more competition and innovation. how should the freedom to be included -- >> we had a long debate in the country about addiction over cigarettes and alcohol and so forth in al

our products are essential to most of high tech stuff. viable not have a high-tech chip industry.y have been working on it for a long time, haven't achieved it. chips is a big deal if you are in an electronics oriented economy. emily: you can see that drop over the last few days. all of this happening before talks even restart. they are scheduled to start again and september. is there a chance of the talks getting back on track? shawn: i think it is safe to say they will get back on track at this point. i think we will see a meeting that will take place probably in washington in early september, but that meeting is likely to look a lot like the one we had in shanghai the last few weeks. that meeting yielded nothing new. that said, september is still a ways away. today was signal sent abrupt. if we get a few more of these days, things may change. what is the good news in chips? is there some? tj: right now, fairly dismal. moore's law has changed the world. in market of nothing to $400 billion. it has made everything we use and touch more valuable. we are not in a catastrophic decli

what did you think -- how is it impacting big tech now and how is it going to impact big tech company'se next six months given there is a resolution and still a lot of uncertainty? joe: there was a lot of drama going on in the chip world with companies not being able to ship to their customers. in a long-term strategy, some chip companies buy into the idea that the u.s. needs to push back to protect ip. it is a short-term versus long-term tug-of-war right now. emily: jason, we have had generally positive results from tech companies, including apple this week. yet, they are still feeling the pain. jason: yeah, we take a little bit of a bigger picture view. we have had some strong tech reports this week but if you go back starting with ibm on july 17, we have seen a lot of companies in the technology space report good earnings. whether it is intel, microsoft. they are saying the growth stories are still intact. while the trade war is an issue given the international foreign revenue these tech companies have, i still think they have a tail wind at their back. emily: joe, you have done a lo

tech feeling the heat in anticipation of tariffs. one tech ceo is taking his concerns about possible tax straight to the top, apple's tim cook. a move that is apparently impair -- impressed president trump. >> i have with everybody, but he is when you called me. that is why he is a great executive, because he called me and others do not. others go out and higher extensive consultants. and tim cook donald trump directly. pretty good. and i would take the call to. but yeley when he calls me is tim cook. he calls me whenever there's a problem. whenever there's a problem, he will call. emily: we spoke with our investment management consulting kathy cook when across the tech sector. >> i think this president wants u.s. companies to succeed, so the end of the day this is part of negotiations and just that. it will end in lower tariffs overall. that said, apple has so many interesting things going for right now, apple tv, we're learning more about that. apple pay, what they're doing in health care. so i think they're also changing the subje

what in the future do you think you can offer tech companies?ou are obviously making the case here in san francisco this week to put a bet on tennessee. gov. lee: yeah, i think the biggest thing we can do is show to them our commitment for workforce. technology-related jobs require a workforce of the future, and they require an education system, i believe, that understands the needs of the workforce. we created something called the give act. the governor's investment in education act, something this year called the futures workforce initiative. those are legislative initiatives that in fact create workers of the future. it changes the way our middle schools and high schools look. it ultimately changes the type of skills that people and workers in tennessee have. we need to be a place that when lyft is looking to expand their operations in tennessee, they know that they can add the thousand jobs they need to, or amazon will know that the 5000 jobs that they are going to need to fill, that there will be a workforce out there to do it. our investme

give up all my tech.ead i tried to purchase tech, because i am a consumerist, to foil the tech that is stealing my privacy. i tried to do it only by going to companies that weren't out of silicon valley. so places in boston and scandinavia and salt lake city who were making devices that i could use that were not mining my data. carol: you say step one to start hiding from silicon valley, stop typing your cell phone number and email into every conceivable internet phone. stop doing it. joel: yeah. your cell phone is worth more on the black market than your social security number. it is more data-rich, an easier way to get into all of your systems. so yeah, it is really easy if you go to a company like mypsudo, just get yourself a burner, the app, get yourself some fake phone numbers, fake email addresses. just use those. just for the ease of your life in case you do get hacked. your main email address can still be your main email. you do not have to change everything. same with credit card numbers. there a

you've got already the doj investigating big tech for antitrust.ou have the fcc investigating facebook over antitrust. you have state attorneys general looking into big tech as well, and facebook decides to unveil libra. do you think they made a major miscalculation in trying to do this now? >> i think they have to do it. if they didn't do it now, somebody else would do it. i think the scale of their ambition is very high. they cannot control some of those timings, but i also think with what's going on in the privacy world, frankly, some of the big manufacturers and browsers have done is to control the ability of people to bid on ads. they have to. what we are seeing is a shift from the tradition over the last 10 years of selling access to people for advertisers. and if they don't move into this area, the revenue streams they have relied on will go away. emily: when the eu says they are concerned about anticompetitive behavior in regards to cryptocurrency, what are they actually worried about given libra doesn't even exist? sarah: they are worried

here is joel weber on tech -- loss?ere is a joel weber on tech lash. >> there in the zeitgeist right now, tech lash, one of the words of the week. people outraged at tech and the privacy issues. when we thought about that, this image resonated more than any other with us. it was this image that a company , joel stein's story, he experimented with how to take back privacy in his own life and disable tech from encroaching in his world. he found a mask. the cover images creepy -- image is creepy. it is for facial recognition technology. it speaks to a larger thing. there is tech lash, in d.c. especially. that is a theme. antitrust is a theme. those things feel out of your domain as an individual. this cover is an attempt for us to say, you as an individual, what can you do in your daily life that will still have a modest consequence? asol: it is not so easy -- joel's story shows us, it is not so easy. >> he has been on gmail 15 years. the thing that is so part of his life. it's where he communicate and started flirting wit

what's happening is tech companies are moving their supply chains out of china, into vietnam, malaysiaen mexico that's actually good for those countries. so over time, the tech companies are going to adapt to the changing supply chains china is going to be losing jobs it's going to lose manufacturing capacity that's where the big impact is that's where our hammer is in these trade negotiations >> is that the measure, who gets hurt worse whether it actually helps. >> well, i think the longer impact, what you want to have, you want to have an equal playing field for tech companies in china that's the goal, i believe, of these tariffs. >> kevin, who do you think is suffering the most from this >> i think what we're seeing is that u.s. companies are already suffering. you saw cisco talk about recently in their latest earnings that they were actually being de-invited for bidding from chinese contracts in china. and we also anticipate, you know, december 15th, we see that there are a bunch of tariffs that are scheduled to go into effect, which will impact things like video game consoles and

changing and if all of a sudden we put the big tech on notice then little tech is going to come in and provide a different solution. you're giving your child a potentially lethal device and at some point in time we have to have a discussion about the parents responsibility for making that discussion safe. or taking away from them. here's a concept. at 9:00, they don't get the phone. we have to have the discussion with the parents about understanding their routers. understanding you could prohibit access to all of these sites if you choose to if your kids are connected to a hotspot at home. and then coming up with a balanced solution that absolutely mandates that technology providers get a handle on the content and the potential lethality of that content. but we have to get the parents and those who provide the technology to the young people in the equation. >> absolutely agree. and in doing so, make it as minimally complex as possible. >> right. and then you can actually place more responsibility on the people who ultimately had to take care of their children. if you opt out of this, i

visions of the future this is a smart city as imagined by tech companies and urban planning is regular street lights are replaced by small poles which connect to other internet of things devices and provide broadband thanks to dr ellis cause accidents hardly ever happen . and drones and robots deliver the goods even coffee. in this future city salad grows underground at the urban farm. fomented and virtual reality make processes more efficient. one example is that firefighters on duty can be assisted by the control center and tech helps to find and correct system areas to prevent damage before it happens. sounds fantastic but in order for these ideas to become reality technical preconditions are essential a central role for so the new mobo communications standard 5 g. it's the engine for the internet of things and enables interconnected infrastructures on a grand scale an expert on smart cities is your. is a researcher at the institute for technology management at the university of st gallen and has published a book with guidelines for cities that want to become smart we want to know h

shares in the tech giant spike after the u.s.nnounces it will some a 10% tariff on chinese imports, including the iphone. facebook has allegedly been paying hundreds of outside contractors to transcribe clips of audio from its users. plus, how the network is responding. and, move over, oprah. sherry redstone cements her status as the most powerful woman in u.s. media as cbs agrees to merge with viacom in a long awaited deal. shares of apple and chipmakers soared in tuesday trading after the u.s. delayed a 10% tariff certain imports including smartphones as well as laptops. before boarding a helicopter in new jersey, president trump said "in case it has an impact on people, what we have done is delay it so they won't be relevant during the christmas shopping season." to discuss in washington, the president of the u.s.-china business council. ., bloomberg's l.a sarah mcgregor. sarah, do we have any idea what the motivation is for the change of heart? sarah: we do know that the news gave a bump to the stock market. we saw some retai

dear tech, dear tech, dear tech, we're using ibm blockchain to help make sure food stays fresh. ai to help create more accessible, affordable healthcare for all. we're using iot to create new kinds of digital wallets. we're exploring quantum to develop next-generation energy. q-u-a-n-t-u-m, quantum. that's the smart tech i need. let's make a difference in energy. in commerce. in people's health. in the foods you eat. let's make a difference in government, business, and society. let's make a difference in people's lives. let's expect more from technology. let's put smart to work. ♪ ♪ your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. deirdre: futures indicating a selloff at th the open, you cane red on the screens there, last week the worst week so far this year for the s&p 500. trade tensions between the u.s. and china weighing on investors' minds. cheryl: cannabis stocks have become hot plays on wall street. but the companies behind them

dear tech, dear tech, dear tech, we're using ibm blockchain to help make sure food stays fresh.p create more accessible, affordable healthcare for all. we're using iot to create new kinds of digital wallets. we're exploring quantum to develop next-generation energy. q-u-a-n-t-u-m, quantum. that's the smart tech i need. let's make a difference in energy. in commerce. in people's health. in the foods you eat. let's make a difference in government, business, and society. let's make a difference in people's lives. let's expect more from technology. let's put smart to work. ♪ ♪ lauren: did you see this in amazon beefing up its controversial facial recognition software. amazon says the technology can detect fear and age. the software has come under fire from inside and outside the company. critics want amazon to not sell the software to law enforcement because it violates civil rights. the protest comes as customs and border patrol weigh bids for a contract. cheryl: president trump says he's protecting u.s. consumers by delaying the next round of china tariffs and the u.s. has the upp

and passing the big tech companies.at type of implications does this have for the landscape. >> there's a lot of discussion about how this isn't the right strategy and it really breaks from the president in that ultimately to make something so target and discriminatory at a select group doesn't go with a lot of the standards that have been set now the oecd is looking closely at this issue. they support a broader oecd effort to address taxation in the digital economy. we need to think about how they pay taxes given that it's not a traditional brick and mortar business but ultimately going ahead with the uni lateral approach and it's easier to do it on their own and what's really worrying the tech companies is that more co ahead with their own efforts. >> thank you elizabeth has been following that closely the service will go live in the next two months as the company looks to preempt the launch of disney's own streaming platform. apple announced tv shows featuring jason mamoa and jennifer aniston and reese witherspoon. a

tech companies. okay. we put this aside but they always seem to be a target. >> that is our concern here and the way in which france has structured this 3% tax really does appear to be going after u.s. companies. that's why we were pleased when the trump administration stood up and said we are going to open an investigation. and the real concern moving forward is if we don't go with the oecd, that's what we should be doing, that's what we advocate for, we should be making this continent-wide approach to taxation, then every other country will say we can do the same money grab, do the same thing and that target on u.s. tech companies gets even larger. ashley: so this is the tweet from macron. some digital players pay very little tax. this is an injustice that destroys jobs. donald trump and i have just agreed to work together on agreement at the oecd level to modernize international tax rules. is that an injustice the way the current system is set up? >> it's not. the injustice is actually the new tax that

a rare moment of unity between the trumpet ministration and tech -- the trump administration and techs. the subject of their ire is a new digital tax. they just wrapped up testimony before government officials, calling on france to end its digital services tax. joining us to discuss, bloomberg tax reporter laura davison. join us --talk to us about the motivation for the tax. it is not just u.s. companies. there are also french companies, british companies, chinese companies. laura: basically, the tax applies to any large technology company operating across borders. google, amazon, facebook are upset because it seems to them that the tax was designed to just hit these big american companies and exclude some smaller european companies. they are quite angry at this and saying this taxes is committed tory against them and saying others consider -- is discriminatory against them and saying others considering this are looking to go after u.s. tech companies without taxing their own companies within their borders. emily: u.s. companies have been pushing back along with the u.s. administratio

tech industry is one of the three fastest growing in the country., many people might know ziprecruiter because they have heard your commercial. i think i could recite your commercial word for word. your marketing is reaching me. how effective has your marketing budget been in driving business? ian: i started the business at ziprecruiter because i had worked for a number of startups that were too small to have an hr department. i was doing my own recruiting. i had to post the same job to different job boards. i just wish for a magic button i could push that would send it to all job boards at once. that turns out to the a really appealing solution and value proposition to most of the businesses in america. ziprecruiter is growing fantastically well. we have been pushing the edge on innovation with things like a.i. in terms of matching. emily: is the marketing plan working? ian: it's working really well, yes. emily: ziprecruiter ceo and cofounder ian siegel, thank you for joining us. ahead, venture capital firm cleo capital is betting big on female ent

about a possible tech bubble, isn't that casting a shadow? her bubble because i think the idea of a bubble thinks it will definitely be bursting, everything isa definitely be bursting, everything is a bubble until it bursts. we are clearly in history's longest bull market cycle across all sectors so we are certainly benefiting from that and he are seeing investor enthusiasm. what we should not take away from is how strong britain is playing on a global scale. we are attracting more finance on a per capita basis than even the us right 110w. business live page online is updated through the day, phone, tablet. this may not be great, if you are a parent. aviva says a million more young people are likely to find themselves living with their parents over the next decade, the main reason being the lack of affordability of housing. you can read more about that online. you're watching business live. our top story... britain's top chief executives have a big paycut — their salaries are down by 13%, but they still earn more than 100 times the salary of

just as big tech needs and wants data on all of us, the american people need and want data on big tech. they need it to profit. we needed to protect free speech. and i hope that today google will start to answer some of our questions fully and candidly so that we can assess how we can work together to protect the robust marketplace of ideas that american political discourse has been built upon. senator coronel. >> thank you, mr. chairman. the counter says july 16 but it feels like groundhog day and the united states senate. a little more than three months ago the subcommittee held a hearing to explore allegations of anti-conservative bias in the tech industry. my friends on the other side were critical of witnesses from facebook and twitter. they claim a vast conspiracy to silence conservative voices. after listening to some of the comments from that hearing you might think that some liberal mastermind set at the controls of those platforms looking at 510,000 facebook posts and 350,000 tweets posted every minute. and remove anything that might align with the republican party platform.

[laughter] what does this mean for tech? that combination of times when economic news and financial news combined with technology news, particularly when it comes to president donald trump. as you mentioned, perhaps he was looking for more than just a 25 basis point rate cut. in the press conference that jerome powell gave after the federal reserve's decision, there was a little bit of back and forth in terms of the wording he used because he at one point talked about how this was not the beginning of a rate cut trend. so you started hearing the quote around the newsroom and trading rooms, one and done, does this mean the federal reserve will not be cutting rates in a meaningful way by the end of the year? something the president has said repeatedly he wants to have happen. that also helped send stocks lower. but the notion being, if this is cut,one 25-basis point will that be enough to sustain stocks' move higher? plus, the comparison between rates in the united states and in other developed nations. in many cases, they are

follow her at c-net for the best reporting in tech. connie, thank you for your time. >> you're welcome. >>> get over to the weather. spencer, today could be the worst day of the week because of the mugginess? >> not as warm as yesterday, but humidity is elevated. feels sticky. live doppler 7. high clouds passing over. subtropical moisture in the area, low clouds and fog on the coastline, but temperature change, most locations are several degrees cooler than this hour yesterday. sutro tower camera, looking over san francisco. high clouds. 69 in the city, 75 in oakland. redwood city 79. 85 in san jose, 95 in gilroy and 63 at half moon bay. looking gloomy at golden gate now. north bay, 79 in santa rosa, 97 at fairfield, 94 at concord and livermore. mt. tam into the bay, forecast features. areas of fog continuing to develop overnight, muggy tomorrow morning. humid into the afternoon tomorrow, warm inland. cooler and breezier developing thursday and friday. forecast animation taking through the overnight hours. more fog along the coastline,

what in the future do you think you can offer tech companies?you are obviously making , the case here in san francisco this week to put a bet on tennessee. gov. lee: yeah, i think the biggest thing we can do is show to them our commitment for workforce. technology-related jobs require a workforce of the future, and they require an education system, i believe, that understands the needs of the workforce. we created something called the give act the governor's , investment in education act, this year called the futures workforce initiative. those are legislative initiatives that in fact create workers of the future. it changes tur middle schools and high schools look. it ultimately changes the type of skills that people and workers in tennessee have. we need to be a place that when lyft is looking to expand their operations in tennessee, they know that they can add the 1000 jobs they need to, or amazon will know that the 5000 jobs that they are going to need to fill, that there will be a workforce out there to do it. our investment in that is very