awful lot of low tech jobs.e are number one for the nation in job growth in the mobile app industry so we're the big app instead of the big apple. >> reporter: san francisco's midmarket street area is the growing tech center one of its first tenants, twitter. but the mayors say they need technology to also help in disaster planning. san francisco ever wary of earthquakes has already started. >> they create this space share which accesses our department of emergency management and a host of companies that have started in san francisco that want to find space, vehicles, tools, and everybody in the sharing economy saying, we can actually plan with you and not wait for disaster to hit. >> reporter: hurricane sandy last winter was the wake-up call for new york. >> the oceans are warmer so we would expect more storms and we have to be ready for that. we have 450 miles of coastline in new york city. and we need a lot of technology to figure out how to protect from waves, from high water, from winds and that kind of thi

liz: you know, ron, the question, i'm thinking, could tech crowd have avoided this.hey have -- tech crowd have gone around this, said, we're going to like we sell our information to advertisers, tech crowd makes money marketing from giving in account to marketers -- giving information to marketers, could they say we'll sell the information to the government. >> well i think that would be a more open process, i think it -- might make people read the terms of agreement when you join these sites, if you know your information is going to the government. i feel that users don't know that, it would be a more open process. >> peter, tech crowd is feeling put in a corner. go ahead. >> i mean, with question of whether or not they could have sold it, you have to ask, whether the federal government would have been willing to pay for it the issue that tech community has learned that it is difficult to ignore requests of the federal government, if you call them requests. >> quote, unquote. >> they are demands, microsoft tried in 90s and found out activity easier to play ball. liz

today we are launching a new campaign and san francisco is celebrating new companies from tech to biotech to manufacturing to design and it's called san francisco is where the world changes. let's hear what they have to say on this video: judicious san francisco is a place where people say yes. it's about making thing happen there is not a lot of benefit, established had a hold you back if you have an idea and you -- people will tell you to go for it. >> technology is based all you need is a computer and a copy machine and you can create your company but you see 20 people in a warehouse trying to start it. this is happening all over here there is a lot of entrepreneur to be around entrepreneurs, i love coming home to san francisco and calling it home and it's forward thinkings and people don't accept the status quo and that let's us see the type of innovation that he we drive on. >> i think there is a culture of we can change the world and i think there is a sense of freedom. there is a sense of freedom that no matter who you want to be and what you bleep, that you have a riebility right

or should they study issue those. >> i'll not depend upon one industry to solve all of our plummet tech growth is very visible and dominate right now and as i stated earlier, 1800 technology companies employ 42,000 people is huge but having said that there are other industry that is just as important to pay attention to our healthcare industry by-the-way, scene .7 billion industry today employees 400,000 people and it continues to glow and that is why to get the campus to be built at ucsc. general hospital, st. lukes mission bay, they are building and they will be finished in probably a year and-a-half and a couple of years and these are incredible anchors to the healthcare industry along with the what regents and others are doing in the pharmaceutical research and design areas and we are going in the healthcare pharmaceutical health design area very rapidly and the tourism these incredible international events that we host whether it's blue grass or america's cup or world series we are going to continue to try to get those huge hereto and the super bowl that is a bay area play poshly w

we've had something like a 30 percent in tech growth. this is what we call the big app instead of the big apple. in the next decade the capital will continue to grow. last year it was like a hundred new york city based companies that acquired $1.8 billion. it's just the beginning. if you think about san francisco and new york, the future couldn't be brighter because tech business is where the business is where people want to go. if intellectual capital is what your business requires, i don't think you can find two cities in the country that can provide that better than san francisco and new york. in new york we work very hard to bring universities like the university you have here just south of here that is so known for creating the world that we live in today. we are trying to bring that to new york and we have the cornell university, one of the great ivy league schools opening a graduate campus. it's not for undergraduates, right in new york city and they are bringing technology and cornell and it interest. it's really a powerhouse tha

per, tech crowd is feeling put in a corner.i mean, with question of whether or not they could have sold it, you have to a, whether the federal goverent would have been willing to pay for it the issue thath community has lrned tt it is difficult to ignore requests of the federal government, if you call them requests. >> quote, unquote. >> they are demands, micsoft tried in 90s and found out activity easier to play bl. liz: but why could they have said you can- you kno stomp your feet all you likee'll sell it to you. >> tell that to a court order. >> whether federal government would have paid. liz: i hear what you are saying ron about the court, but, you know i understand the weight and authority of the court, i get it but you know, these are notou know, the lilies of the valley, they are bigompanies. and they are going to buckle under a fisa court order, i understand they have to comply. but do you feel they could have put up more of a fight. >> i thi it is a double standard, you add google opposing internet regulation bill last

cities. >> the high tech jobs create an awful lot of low tech jobs, if you will, we are number one in the nation for job growth in the mobile apps industry so we have the big app instead of the big apple. >> reporter: the market street area is the growing tech center one of the first tennants twitter. but the mayors say they need technology to help in disaster planning. san fransisco ever wary of earthquakes has started. >> and they accesses our rt management and a host of companies that started in san fransisco that want to find space, vehicles, tools, and everybody in the sharing economy saying we can actually plan with you and not wait for disaster to hit. >> reporter: hurricane sandy last winter was the wake-up call for new york. >> the oceans are warmer so we would expect more storms and we've got to be ready for that and we have 450 miles of coastline in new york city and we need a lot of technology to figure out how to protect from waves from high water from winds and that kind of thing. >> reporter: both mayors say they do need more help from technology leaders so the first pa

that's the ceo of every tech company. if they're all about the cloud how great of a business could that be. >> oracle has been a massive underperformer. all of these companies are up about 20%. >> you would rather oracle -- >> maybe about half of their sales from the u.s. half from the world. it's been an under performer, it's not a big yielder, only pays less than one percent. june 20 a lot of people are looking at that sis koe report from a couple weeks ago and saying this could be the next big cap tech catalyst. >> lets get straight to the stock of the day, apple hitting lows after the world conference. let's go to brian on the ground there. brian, great to see you. >> thanks. >> they basically predicted everything you said in your note friday. tim cook called it the biggest change to mobile software since the iphone launch in 2007. is that true? >> we're calling it extreme makeover ios edition. we would definitely agree. they have a tremendous amount of upgrades. it was frankly a dated inter face. they basically broug

up in nevada or whatever wherever their huge facility is is that several guys tech guys from there that concocted many of the schemes actually then went on to form their own private companies he didn't say which ones but he has said that several of those companies have gone public and they themselves are now billionaires so there is this you know this level of conspiracy there but you know the other half of the adam smith quo was that but though the law cannot hinder people of the same trade from sometimes assembling together it ought to do nothing to facilitate such assemblies so here you have barack obama assembling these people together here in the u.k. you had a watt for build a bridge being assembled you know many of the same trade assembling whether their bankers or many of these very same tech giants by the way and the government here is facilitating the assembly but i mean that's the important part of the quote is that you're not supposed to encourage these monopolist getting together to fix prices as they do it to build a bridge meeting or as they do it barack obama's a meeting

and colleen taylor, a reporter for tech crunch and tech crunch tv. start on this point, i talked to gren greenwald around the beginning, because i think because of what's surprising about these revelations and was true about the warrantless wiretapping und cert bush administration is the nexus of private industry and the government. this idea of direct access to servers, colleen, silicon valley, the companies named in that, have pushed back quite hard, although in very measured language. what is your understanding right now of what we know about who's telling the truth and what approach these big entities like google, facebook, apple and others are taking in responding to this? >> yeah. i think that all of these companies, facebook, google, and microsoft especially over the past couple of days, they've come out and released updated statements, essentially encouraging the government to allow them to be more transparent about what the extent of the involvement is here. there is sort of a sense that their hands are tied because under the foreign intelli

hospital building activity the activity ature ports and airports and hospitality sector the booming tech sector and all of the future plans, think about the changes that will happen in the next 14 years and each of these cities and in our region so we are going to hear a little bit about the future and some of the priorities and what the outlook is into this coming year and we are really delighted to have awful you here with us this morning. i think there is more than 600 and we are glad that you gathered with us. our tradition at this event is to alternate between the two cities from year to year and last year we hosted the event in oakland which, is why here here in san francisco this year and is to mayor lee thank you for being the host city this year andmary khan thank you for traveling across the bay that very short way to be here in san francisco. so how many of you are feeling optimistic about 2013? can you raise your hand? right? (applause). ism. it just has a feel? it just has that feel it's started starting out at a good space and with opt mission and that's good goods and this

it just didn't last very long, and it was below my skill level. >> reporter: today he has a high-tech job. >> a job that's challenging me. >> reporter: he can thank luby and andy aczel. a san francisco nonprofit provides high-tech training and employment for people on the autism spectrum. >> i have seen them blossom and seen their self-confidence increase. >> reporter: luby and andy are tackling a high unemployment rate. they say more than 85% of adults on the autism spectrum do not have a paying job. >> they never get a chance because they don't do well in the interviews because their disability is not intellectual, it's social and communication. >> reporter: the specialist guild is training several interns to test websites for software problems. they say it's a perfect autistic people because it's technical with low social interaction. the interns work for three companies that pay $12 an hour. luby says the goal is for businesses to hire the interns permanently. >> they give us a project and then they're blown away about how good our guys can do these projects. >> reporter: jeffrey,

tracy: are we looking at old tech or new tech?isco or ibms f the world or facebook or linkedins? >> we're actually looking at both. i would call old tech industrials because that's about what they are. there is opportunity there but also the new tech, i'm not so sure about all the social media because these things live or die in a matter of moments but on a carefully selected basis there is room in the new tech as well. >> milton, quickly before i let you go, is it time to short gold? >> well, yes, we think it is time to short gold for two reasons. the first is that gold is the quintessential place to hide. if there is value, people will be moving out of hiding. that's at long-term thing. and if the fed does its job and begins to taper off at the right time, then all the inflation fears that are built into gold will start to dissipate and it will suffer from that as well. tracy: that will go down in the history books as the miracle of uncle ben. milton ezrati, thank you very much. adam: we have breaking news. new york city mayor m

funny earlier, we heard before it was old tech, that cisco is an old tech of the world. i think it's kind of funny, but the fact of the matter is cisco news indicated that that whole industry can look forward to growth, and i think that's why you're seeing the rotation in the vix coming off inverse relationships. >> what are you watching for this week? what's the most important data points or forecast or comment? what are you looking for this week? >> i think the commentary out of fed is going to real be what's moving the market, but the other part that i'm looking at that i found very interesting, that oil is trading higher, even when we see the election of new -- of what we believe to be a moderate. i would have thought for today that would have put some downward pressure on crude, but the rest of the war stories going with it i think -- >> the syria story. >> that's turning into a war, a religious war practically at this point. i think that's why you're seeing the move up. don't you think mr. greenspan is pleased with what he's seen, a half point up in yields, enough

i'd be a little more invested in tech than i was in the past. go with an etf like vanguard's etf on infotech stocks, very low expense ratio. google and some of these other tech companies, microsoft, they're going to grow better. i'd be a buyer. >> just common sense. investors in those stocks and onlookers, they know now that this has been going on for a while, that like it didn't just start two days ago. and so it has not affected the performance of these tech companies. i don't see why it should affect it in the future. >> i don't see why it should either. i own google. i've owned it a long time. a little more pullback, i may add. i don't see a fundamental problem with the operations of the business, the advertising, the revenues. that's not there. we know that government has concerns about terrorism and as well they should have and protecting us. these are separate issues i think from a business interest. >> talk about new google business. i'm using google. you can use any one of these places like china, india. are you kidding me? china just c

retro tech, atavistic tech, antediluvian tech, and think of semi-conductors. disk drive makers.en in the decline. then the apple debacle hasn't relented. then the twilight of red hat and yes my fave salesforce.com. in the lead we have microsoft and intel creeping up endlessly. why? because they're cheap and they their expectations are low. and then there's the computers coming out with amazing touch and battery life. that can re-ignite the pc category which is declining at a rate of 10% per year. and of course the rebirth of hewlett-packard is happening in front of our eyes. when my friend david faber did the interview with meg whitman showed there was much better technology coming out. it will be important when dell gets loaded up and won't be able to make the kind of deals -- they'll take back the enterprise, hewlett-packard. they'll crush dell and so will lenovo. ahead of the earnings report. that's dicey, but you can see why because with the acquisition of the big japanese dram product they have a slap happy oligopoly going on. that's amazing. plus, micron has flash. flash i

joining me now, colleen taylor from tech crunch tv. i want to start on this point, i think part of what's surprising about these revelations and was true about the wireless tapping under the bush administration is the nexus of private industry and the government, right? this idea of direct access to servers. colleen, silicon valley, the companies have pushed back quite hard, although in very measured language. what is your understanding right now of what we know about who's telling the truth, and what approach these big entities like google, facebook, apple and others are taking in responding to this. >> i think all of these companies, facebook, google and microsoft especially have come out and released updated statements, encouraging the government to allow them to be more transparent about what the extent of the involvement is here. there's a sense that their hands are tied, under the foreign intelligence surveillance act, you're not allowed to disclose any time that you receive a request. and so it's kind of this catch 22 cycle here

- right now probably the biggest movement is toward high- tech, in particular what we call 4-d theaters, which is just taking the 3-d concept and adding physical elements. you've got little things that will come out of your chair, underneath at certain points, and the chair will actually move, vibrate, and do all sorts of things while you're watching a 3-d movie, so you really feel that you're part of it. and i think that's been the goal. we know we're competing with video games and other kinds of entertainment. we have to stay a step ahead in providing that sort of visceral enjoyment. coasters do it on the traditional side, and now these sort of 4-d theaters and other kinds of high-tech experiences do it on the media side. - sounds like fun, john. thanks for being on the show today. - i'm happy to!

just is plugged right into the servers of these tech companies those tech companies came out and said hey we don't know what prism is we're you know washing our hands clean of this well it's probably they just didn't know the lingo of prism you know that's what it's called in the n.s.a. that's a program top secret program that's not what they tell the tech companies when they're saying they're collecting the information so i think there's a lot of you know the tech companies are complicit in handing over data of their customers to the government the question is how much pressure are they under to do this if if say facebook said no we're not going to abide by this or if apple said no we're not going to hand over any of this data what sort of consequences really are there are there is the c.e.o. going to be thrown into prison is the company going to be shutdown i doubt any of that would happen and i doubt that the n.s.a. would want to go into a real public feud with these tech companies about handing over the sort of personal data and we have just a start amount of time left sample what

one engineer presented a high- tech answer. here is david stevenson's report from 2010. >> reporter: the daily drive across a bridge in san francisco can be a leap of faith. some saw their faith shaken when 5,000 pounds of steel rained down on the deck of the bay bridge in high winds last october. >> all of a sudden, the cable and things fell in front of me and i had no idea what it was. >> reporter: an eyebar repair had failed. >> it was very scary. i thought i was going to go into the bay because i drove over it. >> reporter: the eyebar failure stirred memories of an earthquake that caused problems to the bridge years ago. the university of minnesota engineer jerome lynch wants to use high-tech sensors to alert engineers when structures are fatigued like what happened in minneapolis. the project is funded in farther by a $9 million federal grant including applications like this so-called sensing skin. >> for example, we can place this on the interior of a structure, say on a bridge stack and measure the amount of corrosion oc

in addition the tech boom are derivative of the demand for this location. pier 38 is at the epicenter of this activity and we are enthusiastic to play a role linking pier 38 with its surrounding context. outlook access is restricted to the embarcadero promenade with no penetration along the pier to the back. pier 38 redevelopment provides an opportunity to remedy that situation. i'll hand it over to smon for the ultimate vision on pier 38. >> first and foremost in our consideration is pedestrian access. it's the number one priority of our plan and shows the long-term access to the bay. public views of the water north of the bridge -- will be maintained. minimal but necessary vehicular access will be provided, serving the restaurants, cafÉs, maritime uses and tenants leaving. we responded to the port's objected to quickly retenant and reactivate the pier under ultimate one which will present an imminent. phase 1 shown in the left. we have never been known to conform; we could not resist without pitching you on an entire pier alternative. you will see under a

you any that tech is really the headline people are not paying attention to, but tech leads spue a new rally. what do you like? >> well, you know, when that rally happens, whether it's off the news tomorrow or in a couple weeks, whatever, tech has been the laggard, and, you know, i don't want to jump on a wagon, awe apple traded in the consolidated range, and you got to think that that's one of the leaders. that's probably going to be 10-20% to the 500 number or above. i also, like a lot of the networking stocks. there's a rally in the last few days, next few weeks, but in general, the whole tech sector really lagged. that's something that's going to catch up the opposite. just as stocks that sold off and sectors that startedded to sell off and laggards that caught up, we'll see the tech sector on the opposite direction catch up. >> all right. now, going back to you, bill, you actually do like technology. you didn't provide us with a name, but let me push you on that. what tech name do you believe in right now? >> well, jumping op the way gone here again, i own apple computer in my por

gigamon is a tech play with the best of breed technology.ic visibility networking products that help large and medium sized businesses do a better job of managing and monitoring their own networks. we have a host of trends in tech that require computer networks to become more complicated. that's mobile, cloud computing, big data. gigamon's products filter. keeping unnecessary or redundant data from being sent across the network. that saves money, that allows customers to get more performance out of less network infrastructure and end up really, you know, their testimonials here are amazing. because these customers do not have to spend as much money on costly switches. they think the opportunity could be in the billions of dollars, i'm not disagreeing with them. they have over 1,000 customers, they've experienced a ton of repeat buying, a majority of sales come from existing customers making additional purchases. again, fabulous growth margins when you get customers to keep adding on more business. you've got their wallet, keep taking money f

the mayor came to san francisco to talk tech with sf mayor ed lee and tech standouts like jack dorsey, who co-founded square and gave mayor bloomberg his first tour of the day. after swiping for his coffee, mayor bloomberg headed a couple of miles away to this company next door, another bay area startup, that just today announced a deal to network new york neighborhoods, a big score for the company and a good omen that san francisco and new york will be doing a lot of business together. >> it's traili blazing city tha is embrace technology. they were already using social media to good effect but this helps them take it to the next level and hopefully help us take it to the next level as well. >> the two mayors announced a joint tech summit to bring together tech leaders from both sides of the country t will kick off september 30th in new york city to be followed by another meeting in san francisco in 2014. interesting that after bloomberg announced rivalling with silicon valley, he makes a deal with the bay area company. tonight at 6:00, what the two cities have in common. janelle? >>

leaders and had a tech round table here in san francisco with a group called tech for action. >> i haveple pictures from that event. >> we learned there are so many thousands and thousands of jobs unfilled in the bay area right now that will go overseas unless tech companies can bring immigrants here to our country. that is the short term fix is comprehensive immigration reform. putting folks on a passway to citizenship. science technology, engineering and math making sure your teachers can equip them and they can compete for these jobs. and we don't have to compete. >> president obama has called this latest bill in the senate a real compromise on both separates. what is the democrats giving up? >> for the democrats what we have given up is i believe we extended how long it will take for folks to be on that pathway to citizenship. i would like to see it sooner than 13 years that is the amount of time in the stat. you start to make it too long folks will continue to stay in the shadows and not come out and identify themselves. we want there to be a real light at the end of the tunnel. i

they're rotating towards financials and towards tech. a lot of people are anticipating financials starting to take the baton from the homebuilders if you will. look what happened with 30-year mortgage rates. fannie mae jumped about 75 basis points the last week and a half. homebuilders are not reacting well to that whatsoever. the other things the financials have in their favor just a good chance the treasury continues to cut down on a lot of auctions because our deficit is getting better. one of the reasons why s&p upgraded us. what is the effect of that? they tend to do that on the short end of the curve. that force as lot of bond players to tell their longer dated instruments and move towards a short dated instruments because of a scarcity effect. the impact there? the yield curve goes vertical. you know what? the financials love a steepening yield curve. >> stand by for a moment. we're getting breaking news to bring to our viewers. we're getting headlines on lululemon. they announced first quarter fiscal 2013 results. more importantl

and with all due respec to my dear susan, the high-tech industry is talking about hh-tech job qualifiedmmigration where poples have high levels of skil, and we need them desperately for our ecnomy. that'not what the union's talking about. thunion has a product to sell. and that produc is the promise, the illusion that they're going to help woinclass people get higher ges and more jobs. so they now have a whole new group to sell that product to. unfortunately, as mr. layfield alludes to, the product doesn't work. you know, yeah, they're looking at a chanceo have, you know, new opportunity, new market. but the fact of the matter is, it's not going to work any better for them than the 2 millioneople who dropped out of unions in the last 30 years. >> jonas, what do you think of that? >> the economylso need unskilled tech workers that are imgrants. if you saw what happened if they could magically remove all immigrants who were here i wil leely, you would see how important they are to the econy, too. unions are dying, and they need to grow. mo importantly, they need to grow it with people in

we've had something like a 30 percent in tech growth.his is what we call the big app instead of the big apple.

still, executive pay is nowhere near tech-boom levels. queen elizabeth is receiving a boost in royal pay. record profits from real estate are translating into a 5% raise for "her majesty" next year. the crown estate owns property from offices in london to offshore wind farms to city streets where apple stores are located. nissan is bringing jobs to the music city. the auto-maker is adding 900 jobs at its nashville plant. the hiring will help meet higher demand for its crossover suv, the nissan rogue. by 2015, nissan says it aims to manufacture the majority of its products sold in north america in the u.s. ipos this week are rising in spite of a volatile market. home depot spinoff hd supply opened below range at $17 and rose to close unchanged. i.t. company cdw's debut opened at $17 a share, rose to $18 and closed unchanged. and tremor video opened at $10, below its range, and closed unchanged. today brings the debut of noodles and company. the restaurant chain is expected to price at $15-$17 per share. still to come, is starbucks losing s

great for tech great for america. pass our immigration bill great for tech great for america. you should understand how other people use vine which is to communicate one hilarious moment that it's fun to watch over and over again. >> it's going to be me. ♪ >> but if something really happens, it's just a creepy montage. so with senator using vine you have 100 great americans making what are essentially six-second-long french films. ♪ >> michael: someone is always in our "war room," please check us out online at current.com/thewarroom. it's great for tech, and it's great for america. that's also where you can link up to our twitter and facebook page. thanks for joining us in "the war room," cenk uygur and "the young turks" are next. have a great night. ♪ i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i