i'm glad to be here and this is great to see this is the third cohort of our folks coming through techrough the boat came but jonas passionate as i am i've not had to work that hard as you sit here now deck and it is a lot of passion for the building of strong neighborhoods thank you to the leadership give my best to the entire staff there because as strons as passionate in the job training for the 21st century jobs we need partners that are more experienced as you that kind of citizens of volunteerism is takes the hours and weekends and the attitude to folks that are in the community looking to see if they can gain skill sets with the new jobs and what they're doing in the clooks with tech sf starbucks a good training for people to see i have the confidence i don't have to be at the best engineering schools to get a job and we've often said the tonnage industry establishments 4 or 5 jobs in their applications or establishing all the technology kinds of industries we're also seeing happen in middle school middle market and throughout the city it is one of the many what did you say and

mike: mark did a great service in the tech service. this law is different from the laws in many other states. not to say those laws don't have problems. this one was especially egregious. by giving the tech community which has a lot of influence among businesses in indiana, he gave us the chance to affect the course of this law. and to lead to its revision or appeal. cory: tim cook, the biggest company in the world talking about all of the other states that have similar laws. have you thought what this means for the other states? will you have to decide whether those laws are acceptable? mike: it is a good question but it is not just a cloudera question. one of the services that mark and tim and the tech community provided was to focus attention on all of those other laws. there are some substantial differences. we have not read all of the statutes in detail. there is a national conversation underway about what is permissible, what is written into legislation, and what that ought to mean for businesses like ours. i look forward to cont

workforce development and currently sits on the investment board this is where we learned ambassador tech sf graduation and the local jobs training program to provide relevant skills several conversations led us to the realized the faster way to create zen dick technology to train the san franciscans on our product that will fast track them to an important job in as you sit here now deck some of the tens of thousands of people that use as you sit here now deck if not employed while having still have a foundation in customer support and experience as well as the state of the art i'm to introduce mayor ed lee that as you sit here now deck has a terrific relationship the mayor ed lee has impressed on the importance of job creation like the opening up pathways in the tech industry so welcome mayor ed lee (clapping) john thank you for that introduction and i'm glad to be here and this is great to see this is the third cohort of our folks coming through tech sf he want to go through the boat came but jonas passionate as i am i've not had to work that hard as you sit here now deck and it is a lo

where could the next big tech issue or tech theme come from tech giant even?ongress in barcelona and she has been asking around. >> thank you. before we get to that we're now joined by accel partners which has $9 billion in assets under management. we're joined by the partner. thank you for joining us. to pick up on what my coanchor just said nasdaq at 5,000. there's fears we are in a tech bubble and you lived through the early 2 thousands. you saw the crash. does it feel like we're going to have the same thing happen this time around? >> things are very different. today we're in a different situation. if i look at the software service sector which is one area we focused on the revenue multiple of the companies 5 x. it doesn't feel like a multiple to me at this point. >> but is the earnings growth that we're seeing from the likes of facebook and even you know twitter, apple, is that sustainable? can that growth continue? >> well you know i think right now we're seeing very long lasting secular trends and for this trend i'm referring to social network, to mobil

, we are the biggest consumers of tech. we are mobile natives in a family of four we'll have six devices, we love our gadgets when we are online, oon our phones we are on them for long sore the idea that somehow latinos are not tech savvy or we don't realize there's this opportunity is a false one. >> i am not sure i meant you aren't tech salvery, isn't there a component that getting in at the grass roots level is with the parents and encouraging them to understand it? i know one thing you do is go in and explain coding to parents. >> right i believe that it isn't digital device we do have the technology, but it is how we use it. and my mission is to speak to parents and approach them in a way that acknowledging their wants and needs. my job so the break down the first barrier, maybing the the english language. that break down how the code. and speak to them clearly and warmly. about the benefits of code for their child. and those benefits are practical, the jobs money but also very creative and enlightening and life enhanc

so i actually broke these companies down into old tech, middle age tech, young tech and baby tech.k the old tech companies actually look like some of the better bargains in the market. if you're a value investor old tech is where you might want to go. cuban's point is about the baby tech companies which are the private companies. and i'll be quite honest, i don't share his -- i think they're overpriced, but if private investors want to play the pricing game they deserve to play the game and lose it if they need to. but i think that's the nature of baby companies everywhere. it's not just tech. any type of young company we get caught up in the pricing game, all about mood and momentum. that's all that's driving the pricing of these companies right now. >> i have a question for you, professor. is that a function of the -- their disrupter status in many cases? >> i think part of it is each company, the people in the company think they're going to be the big winners in this game. each company is actually doing the rationale thing. it might be pricing rationally. the only problem is col

if you look at tech and forget about bio tech and i t side we have had 49 or 50 i po.hat's in line with what the 35 year median is for tech i po's. people are taking it slow. i think that there's plenty of capital and private markets and giving what is happening on the tech side of things, and nobody is in a rush to do anything. >> this is a sfan of 15 years so for from now, what do you think is the big industries or companies? >> well, it will be stuff that you and i have not thought about today? the biggest trend is software industries that have not been part of the software landscape, so if you think of what we have today health care, education and government services and financial services and software is continuing to make the mhead ways, so i would expect to see it. >> thanks for phoning in. scott and teresa in terms of the areas, any interest? >> well, thing that is we don't know about right now. so that makes that question very difficult to answer, but the companies that seemingly have reinvented themselves and that was in trouble we will talk about microsoft a

the tech boom also has san francisco real estate prices climbing.y could surpass those of new york city. of all of the space coming on market at the same time some analysts are growing more cautious. >> i think there is concern only because one market in the united states where there is a significant amount of new office construction happening. cory: many like kilroy are unfazed. >> the technology is in every business now. you talk about tech, it is a much broader category of companies than it has ever been. cory: they are not just looking for a florida building. they are creating campuses campuses under construction overpasses headquarter will be 200 billion campuses over 1000 square feet of space yet to be built. up next, a big victory. she will tell her side of the story for a short time. modify and federal agents busted in an amazing bitcoin incredible story coming up next. ♪ cory: you are watching bloomberg west. i am cory johnson. let's check the top headlines. turkey, and extensive out -- the biggest in three years. stretching to the border o

i call them mature tech.he topline revenue growth is not what it was, but the flipside of that is margins are much higher and cash flow is much higher. for a lot of investors, that will offer increasingly attractive value. betty: there are many stocks in the nasdaq that are not tech. one stock in particular the has had one of the best run ups is monster beverage. that is up from 2000 by about over 53% -- over 1000% returns. i don't want to mislead viewers that it is about technology shares bringing the nasdaq up. >> that's right. the broader point here is going back to innovation. if we were to have the same conversation tenures from now you would find a lot of companies that are not tech companies. they are not selling computer or storage. technology is deeply embedded in the way they run their businesses. there is a perennial debate about amazon. going forward, you will see a lot of tech enabled companies that people don't really think of as tech. betty: right. thank you bill. much more ahead. tech may be h

ad tech. that was a really big deal.ll of a sudden, we could go to the market with really, really robust ad technology. with this incredibly expressive canvas we had been working on for the last seven years. those two things together were a pretty monster combination for this ad industry. that suddenly gets to benefit from the work we had been doing. and all of the real ad tech that yahoo! had been putting together. >> one of your investors , fred wilson, recently talked about companies -- at some point, they need to turn into a real business. they need to focus on monetization and profits. he said, tumblr had to be sold even though they had potential. tumblr's annual burn rate was almost 50% of the entire fund. three exclamation points. how do you respond to that? >> we were making money. it is true we had a real burn rate. we would have been able to -- the options in front of us were raised what you would call a growth round, get somebody to cut you a big check. or go and find and acquire, take on the burn rate. until

tech workers have been the latest to move in. >> reporter: i am at the corner of the tech boom and techash where $6 hot chocolate meets a $2 bottle of wine. can they mix? the lifestyle of san francisco and life on the streets. it is right next door. >> it can be uncomfortable walking on the streets. >> reporter: there are 10,000 high tech workers in the twitter tax break neighborhood. it is also the edge of the city's tenderloin. >> i am dale. we will take a walk through the tenderloin. >> the rich and the poor in san francisco are calling for a cease fire. >> don't step in that. >> reporter: the tour is based on two decades of living on the streets. business has picked up when tech companies hired him to give workers a view of the neighborhood. >> we have a lot of volunteer events. it gets people out of their comfort zone. >> it is good and bad. >> i try to bring the tech community into my old community to show there is nothing to fear. >> the pan handlers, pimps, the drunks. >> they have computer training classes. >> it works. >> it helps kids. >> we need to understand them. they need

so while drivers may be shuttling tech employees, they are not getting the perks of working in tech. the teamsters are trying to get the drivers with bowers a wage increase. over all better working conditions including health care and paid vacation. and there are many players involved in this equation but the rest stays tech companies tend to let the unionization play out on its own. >> the tech companies are really the third party. oftentimes we stay out of it and watch the process play out. these are lower wage. i think that the tech companies are taking a backseat. >> reporter: you are looking at video taken outside at apple where the union also picketed. the teamsters have unionized several hundred bus drivers. they've had some success here including those that drive for the company loop which is contracted for facebook. we have reached out to bowers regarding the allegations of interference and we are waiting to hear back from them. the union has filed a labor relations complaint following yesterday's interaction. so far the commute is picking up. the picketers are getting a fai

let's see what we . >> cologne is like a low-tech solution to a high-tech problem. >> definitely, they are elusive animals. any help you get, even a low-tech tool like col own, that allows you to get a picture or fur sample or give you information if the camera is set to video. >> my experiment was running for a month. it didn't work. the truth is working with animals like jaguars is not an exact science like i would hope it would be. scientists at jvi were able to pull it off. here is the night vision. jaguars marking, leaving behind skin and fur subjected to dna analysis in the lab. . >> i'm a chanel scent. why are you using commercially produced perfumes - why is it the optimal approach? >> it's a cost issue, i was at the duty free and thought i'd pick it up. i still use it now for me. i need col own, may as well use this. i want to show you guys a spider i was telling you about. this is the moment of discovery. we happened to be filming. this is what happened. a favourite thing to do in the amma zone is hike at night. >> -- amazon is hike at night. >> what happened? >> i don't know

another tech company and visa according to the dow is a tech company, a payments company, is splitting its stock 4-1. that cuts the price, it gets quartered. because dow is a price weighted index, visa and tech will have less influence in and on the dow index. >>> our market monitor tonight recommending apple to his clients along with other names you may recognize. mark loutini. nice to have you here. >> thanks sue. >> what do you think about apple going into the dow? what effect it might or might not have? >> actually pretty well in light of a market that was down 1.5%. it gets short-term boost. a few etfs will have to buy the stocks now interesting entered kons dense to help. i wouldn't buy it or not buy it. it's part of the dow jones industrial avera at the end of the day, stock's own merit. for that reason we do own it. we think they're doing good things and what they expect to be launching here shortly. and possibly other products including a car out toward the end of the decade. a cash flow rich company. paying dividends with a likely increase and other good reasons why we think

president obama is officially pushing tech. today he's going to introduce a new program to train and hire tech workers. the idea here, to drive higher-income employment. the president has already received commit friend from more than 300 employers nationwide. >>> well, this new announcement by the president could drive the market today. we have a look at the business headlines. good morning, landon. i hope you had a good weekend. >> hey, laura. i did. i hope you did as well. futures are mixed this morning as well as the markets come off the worse week send the end of january. the strong jobs report is raising concerns the fed may think that the economy is moving well enough, improving well enough to raise interest rates possibly this summer. the economy data today, we get reports this week on retail sales and inflation. on friday the dow fell 2378 points to 17,856 many. the knead dalles lack 55. >>> chrysler is recalling more than 700,000 minivans and suv from 2008 to 2010 to fix faulty ignition switches that could call them to

jerry: it has been perceived by many to be an issue in attracting tech businesses and keeping tech businessesn indiana. there have been a couple of cases in the last week that have stepped forward, changing plans. angie's list was going to build a $40 million facility involving over 1000 employees, and that seems to be on hold. salesforce has a major operation there, and they are talking about limiting flights to indiana and travel to indiana. so if more companies are of this sort that what to bring in people and technology and people who are looking for a free lifestyle to go with that, they could have some challenges in attracting and retaining those people. cory: i have been particularly amazed at the this role reaction from mark benioff of salesforce. he posted on facebook late last night, and in part, he wrote in response to this unjust legislation, we are reducing employee travel to indianapolis and canceling all marketing events that require customers to travel those that are impacted by the discriminatory environment and want to move out of indiana. jerry, to me, this is kind of unpre

when it comes to tech, it is time to put women in the driver's seat. >> when it comes to tech, you have the basics. and that means coding. and code is getting kids of color on board, it is fair to ask, what about women? and women are woefully underrepresented in the field. 900,000 women in the field compared to 2.6 million men. and women are earning far less. 86% on average of what men do. enter -- sisters code. a detroit-based organization aimed at bringing girl power to tech. marlon started sisters code after entering college for morticians. >> she said women often aren't in tech because they aren't encouraged to be. >> we never talk about tech nulg. and i went to the program and i learned there are seven different programs in 13 weeks and my life changed and i've been changed ever week. >> and she wanted to target women who want to make the move. her target demographic, women over 25. >> i thought about women. >> women like chandra floyd. >> through google i came across this course. i thought, this sounds good. >> i wanted to go into something techie and i didn't do anything because

>> i believe tech is inherently inclusionary. tech wants to bring people in. tech wants to include as many people as possible. the reason i am so confident about that is because of the incredible coverage that -- incredible people in silicon valley from the incredible number of countries. the challenge is, we are still underrepresented when it comes especially to women, and then in the u.s. when it comes to african-americans and latinos. >> should women ask for raises if they think they deserve one? [laughter] >> yes. they should. yes. [applause] i don't care what anybody says, i think women should ask for raises. i'm a fan. i think these are solvable problems. in particular, i think these are solvable problems in two different ways. one is pipeline. there are not -- women are only 15% of computer science graduates in the u.s. which is just simply too low. we have to get more women into computer science. the other is access, network. the three organizations that we are funding are working on both sides of that. both the pipeline part and the access part. i thi

>> because tech always takesed leet on this issue.bm was one of the first companies to deal with things like this, sexual discrimination and orientation discrimination. i think it's always been in the dna of tech to try to be more tolerant. it's a little libertarian on the side sometimes, but at the same time, it's always sort of had this kind of bent since its beginnings. >> it seems to me like there are a number of potential issues wrapped up in this law. but the same-sex marriage and discrimination against gays and lesbians has taken center stage. don't we need more clarity on exactly what the motives were behind this law? >> come on. you know what it was intended to do. it was intended to diskram nate against these trends happening in the society. we can debate all you want, but that's what this is. it was tried out in arizona. >> i don't think we do know that that's the entirety of it. there are catholic organizations that have not wanted to offer certain health care options to women. it's about that too is it not? >> it's an int

i would consider them new tech. >> when i talked to tech investors, apple and google are old tech.ing. matt: fascinating. what a pleasure. betty: thank you so much. thank you to matt miller and alex for joining me through the opening bell. much more ahead. glu mobile ceo shaking up the entertainment industry. has anybody played this kim kardashian game? who is next in line? ♪ betty: trading is just underway right now. things green across the board. i want to get back to scroll at foo with a look at the early movers -- scarlet fu with a look at the early movers. >> the nasdaq making a push towards reaching its record highs. we're getting close to that level. maybe 20 points away. the s&p 500 and dow up as well. all 30 dow members skinning and all 10 industry groups in the s&p 500 advancing. -- members gaining. are bloomberg intelligence analyst said at this drug has true potential for being an actual revolutionary drug for treating out timers that's treating out timers -- treating alzheimer's. results were positive enough that the company is going to skip mid-stage testing at move s

neil: one market would not see -- and what the tech isicia gettingia get-- irk -- ikea getting all high-techings, that can recharge your smartphone, la-z-boy why didn't you think of this? >> this is great but ikea may be a blighta little bit too early the technology has not easeed its way out yet, there are a couple other wireless charging technologies are that backed by samsung, and qualcomm. neil: in furniture? >> no just different technology, like picking beta before beta and vhs has figured out who will be the dominant player. nobody has chosen which is the dominant one they are early to the game, it is a great idea but they may have to change it. neil: i think they are doing is saying before you get that furntushfurniture has a great high-tech future. >> people might pick it up because of that. but in long run they have to be careful, wireless technology is new. you know in no dominant player yet. choosing that, and right now out of the gate, it could -- might be costly for them. neil: see just stick to getting swedish meat balls. >> right and chocolate. neil: do you remember it might have

. >>> going high tech - programming for peace, and why youtube is on board. >>> so glad you are withs on "the stream", where you, the viewer, helps drive our conversation. my cohost and digital producer brings in all your interaction. you are talking about libya, and something that could unify the country in all this chaos, it's hard to unify that. >> we hope to unify. there's so many divisions inside outside libya, this is a hashtag "i want my country back" and, "keep calm, love tripoli", that is divisive. and barack obama in an interview called libya his biggest foreign policy re gre. >>> the hope and optimism seems to have come to a halt in libya as it's embroiled if civil conflict. three years after a mass uprising and coalition overlieu president muammar gaddafi, the country is grappling with powerful and well-funded militias. widespread violence, economic instability and split factions. some wonder why the west hasn't done more to finish what it started. what can the u.s. and allies do at this late stage. joining us is a libyan american at oxford libya. providing information on

the labs that he run is struckured like a bio tech start up. when he found out i had my phd from calendar tech and the work i had done was with fluorescents, he got really excited, and then we couldn't stop talking. to be able to see a type of scientific technique curing cancer or reducing number of surgeries for a cancer patient that's really the ultimate goal, so it was very rewardling. >> i know this is your field, so you know a lot about this stuff. i'm curious, where is this going? what are the potential applications for the technique. >> for this specifically, this fluorescent detection of cancer, we need to expand our tool kid so we can identify many different types of cancer. right now, this technique is still experimental, being used only for breast cancer and skill cancer but that's not all there is out there. because cancer cells look so different, getting specific with that fluorescent dye is going to be a real challenge. >> do you think it will become standard? >> we hope so. they are comparing the use of fluorescents to the standa

percent of broadband the city focuses on the digital literacy and establish and advanced 14th century tech labs in tech centers it serve our seniors and expand the obeyed over several miles of cable and extensions to our park the north waterfront and treasure island through the civically and through our other facilities action area addresses the governors and climate the most visible thing is the transition to the grocery tax much like our workforce alignment assuring our businesses have a single point of contract in city hall to address their nodes this not only helps to build the riderships but strengthen relationships with group see like the chamber of commerce and spur and sf made and others lgbtq chamber of commerce in 2008, we launched the one stop center providing small businesses one-on-one assistance in the first 6 years we've served more 16 thousand businesses we launched the online portal school which will provide comprehensive information and allowing them to say in the comfort of their home throughout the business community and self-reliant feedback we've been able to refine o

>> you could say it was tech's coming out party.ompanies like apple and facebook marching in the recent gay pride parade. but it's not only pride being supported now. it's activism. the ceo of san francisco tech giant salesforce tweeting out messages against the state of indiana which just signed legislation allowing businesses to, among other things deny service to same-sex couples on religious ground. >> this applies to everyone who wants to assert a religious believe. >> we have seen silicon valley stepping up and taking more of a role, playing more of a role in national politics. both through campaign donations, which have really increased in the last couple election cycles and now also on specific political issues. >> this ad set to run in the san jose mercury news opposes pending legislation in arkansas some call discriminatory towards the lgbt community. the ad's message is supported by tech giants apple, intel, and at&t. salesforce, which just bought an indiana firm for $2.5 billion, was not specific about sanctions against

coming up at 2:55 p.m., scarlet fu with vizio tech stock warchest -- with the details on the tech stock and then lee kuan yew's relationship with china and the united states. retailers are still feeling the pinch, with headaches from delayed costs and shipments are lingering. julie hyman is here to explain why it is so expensive for retailers. julie: the delays are continuing. the longer the shipments of various goods and products are delayed, the more expensive it can be to these retailers. we are still talking about 20 ships offshore california that have not been able to come into port because there is so much merchandise that is act up, and even further offshore there are more coming into port slowly because they know there is a backup. if you have merchandise sitting at the port at this time, you actually have to pay a fine above a number of -- a certain number of days if it is sitting there. also, you will have to mark down some of this merchandise to clear it out. and then there are potential warehousing costs if you are storing it anywhere for longer than you otherwise might. it'

he announced a new jobs program today called tech hire. it has commitments from more than 300 employers and local governments across the country. they have agreed to train and hire tech workers. president obama says the u.s. needs to produce more workers and tech to continue being a global leader for inknow vision. >>> when we all lead digital lives, anybody who has the drive and the will to get into this field should have a way to do so. a pathway to do so. >> reporter: the obama administration will give $100 million to the program. the money comes from government fees companies pay to hire higher skilled foreign workers. >>> all eyes were on hillary clinton during a speech in new york today on gender equality. >> there has never been a better time in history to be born female. >> reporter: some thought the likely presidential candidate would address the e-mail controversy during her time as secretary of state. but clinton has to publicly answer questions about her use of private e-mail. republicans claim they are unexplained gaps in thos

the president plan would help meet the demand for high tech workers in the u.s.n san francisco, lee ann, abc 7 news. >>> the that's fantastic. >> it is. all right well sandhya is a fantastic resource to our weather. >> tech savvy. >> i'll tell you later. look at live live doppler 7hd thank you we do have fog here along the coast and that fog pretty obvious from the sutro tower cam are this afternoon coming over san francisco you can never get tired of this. air quality with the unseasonably warm weather continues to summer in the form of tree pollen running high so the tree pollen pine oak cedar juniper is causing to you sneeze. what we need more of is the rain to wash the pollen away. drenching rain across the gulf coast states heading up to the tennessee valley traveling there. 74 in louisiana. new orleans that is new york 50 degrees out west sunshine. 62 in seattle. and speaking of out west 61 in tahoe. we are expecting pretty warm day down in los angeles with increasing high clouds. after the morning fog 78 degrees. here in the bay area fog hangs on well in t

i disagree with him on very big bio tech stocks.a huge success but i think the risk reward has gotten too dangerous. go buy yourself a cashmere sweater. this is not the moment to play with stocks losing money and might not have major products on the market for years to come. the biotechs had a if he fomalphenomenal run. take some money off table. after the break i'll try to make you some money. you some money. m are doing rain-fed agriculture. they're all competing with each other; they're all making very low margins making enough to survive but not enough to get out of poverty. so kickstart designs low cost irrigation pumps enabling them to grow high value crops throughout the year so you can make a lot of money. it's all very well to have a whole lot of small innovations but unless we can scale it up enough to where we are talking about millions of farmers, we're not going to solve their biggest challenge. this is precisely where the kind of finance that citi is giving us is enabling us to scale up on a much more rapid pace. when

finally a huge move in the tech world.n stanley's cfo routh porat announcing she's taking a job at google. porat does have a lot of experience in the valley, led financing rounds on companies including amazon, ebay and net scape, the head of technology investment banking from 1996 to 2000 at morgan stanley. certainly a very important time for the tech industry. she will start at google on may 26th reporting directly to ceo larry paige. we were talking about the culture of women in silicon valley. google has admittedly been trying to increase the number of women in its leadership ranks. >> it has. >> now poached arguably the most powerful woman on wall street. >> with sheryl sandberg she will be the most powerful woman? silicon valley. m marisa mayor a notch below that. she has experience in washington, mentioned as someone involved in the u.s. treasury, turned that down. experience on wall street, experience in silicon valley. the most interesting thing about routh porat i will say is perhaps not her gender it is her age.

why the tech would anyone not watch, what the tech.ning with this opening item apple justin -- introduced watches, that you know, is apple making a mistake trying to please everyone from the low end, if you can call it that at 350 bucks to the ultra high-end, would you pay $10,000 for one of these? that is the risk that i don't think that people are getting or appreciateing, that apple's targets might be fraying. is it? we ask chris ruby, they are all over the map on this? price map offer map it is confusing. >> i think this is a good move for apple this is the way of the future, and where we need to be going with wear wearable technology. neil: what if we are not into wearable technology. >> i think there is going to be a time, when people don't have a choice it makes move sense people spending $10,000 on a watch. neil: what that $10,000 watch is it gold? >> there is one with 24kt gold, but if you look at that, getting apple watch people spend $10,000 on a watch without features of apple offering seems absurd. neil: that would make it