i am a tech guy.ave invested in companies that allow for or create the ability to test and evaluate people before. a company we are working with in israel, and several south american companies that say before you come into this country, we will ask a series of questions. we can tell with a high degree of accuracy, 85% and it will learn to be better, whether or not you will have a negative impact, whether you are a terrorist, whether or not you are a radical islamist, however you want to define people. there is technology i think is the first step that everybody is ignoring. i would just take a completely different approach. cory: are you concerned about the tone, though, the nationalistic tone? whether it is in the u.k. or here? mark: absolutely. it is scary. in my mind, hate never accomplishes anything. no one has ever won with hate. i think that is the fundamental problem. hate does not solve problems. hate does not improve the economy. hate does not make people, is not going to protect our people t

you're going to need to use tech. emily: he thinks trump and hillary are tech illiterate.: when was that? emily: that was over the weekend. aaron: ok. that was before her policy speech. it seemed like he was referring to how you use technology to prevent terrorism, he wasn't talking specifically about things like patent reform, things like how do you make sure you have better stem education throughout the country. that is what hillary's initiatives are focused on. how do you have tech and innovation policy so you can make sure america stays at the forefront. i don't think it was meant to address the terrorism issue mark was a fairly talking about. emily: so what do you think a hillary clinton white house would mean for silicon valley? and what would a donald trump's white house mean? aaron: it is too scary to think about a donald trump white house, so let's go with hillary. obama set the country up on really good footing from additional policy standpoint. if you think about his investments in the u.s. digital service, and thinking through what a lot of these future industr

. >>> also, a new tech center opening up in the east bay that could help change the face of the tech industry. >> you think tech can and should be diverse and inclusive. >>> and back now to the republican national convention in cleveland, senator ted cruz has taken to the podium. we'll hear from him live after the break. >>> our last moment to do something for our families and our country. did we live up to the values we say we believed? did we do all we really could? that's really what election should be about. that's why you and millions like you devoted so much time and sacrifice to this campaign. we're fightings not for one particular candidate or campaign but each of us wants to be able to tell our kids and our grand kids that we did the best we are could for our country. ( applause ). ( cheering ). ( chanting usa ). >> america is just more than a land mass between two oceans. america is idea, simple yet powerful idea, freedom matters. ( applause ). >> for much of human history, government power has been the unavoidable constant in life. government decrees and the people obey. b

their mission, as oakland becomes more tech, ensuring tech becomes more oakland. >> we really want to encourage and support folks in oakland who are already here to be a stronger more visible part of the tech sector. >> reporter: the center opened doors this week in uptown oakland moving from san francisco. they transformed the 90-year- old vacant building know a state-of-the-art meeting space part investment firm part nonprofit three organizations are here all with a goal of

and a deep dive in tech investing in china. two all-star chinese tech investors join us for an in-depth conversation. first to our lead. forget winter, mergers are coming, or so said barry diller, who believes the consolidation is coming and also fears it will cause creativity to suffer. the executives among many attending the conference in sun .alley, idaho you have been killing it. i have been to this conference a couple of times. it is sort of amazing, the giant heads of business and media tech business who gather there. watched as folks came in yesterday and it is a broad swath of people, so you do have executives from tech, entertainment, and media. they tend to mingle very organically. you do see folks talking, going to get coffee, and we on the outside are left wondering what they have in talking about, but a few of them are sharing what they have been thinking about, at least in broad terms. cory: we have pictures of everyone from michael eisner to .ack dorsey when these people gather, there is a lot of buzz in the air

emily: food tech is different from consumer tech.the biggest challenges that food tech companies will face in the next decade? >> biggest challenges? a food tech company, if they are actually a brand and bringing food to market, they are a consumer packaged goods company at the end of the day. their technology helps differentiate them, but they need a team that understands the >> biggest challenges? economics and margins in a consumer packaged goods company. if they treat it like a technology company, that could be a mistake. emily: james, brian, thank you so much for joining us. that does it for this edition of "bloomberg west." a lot more on food tech later this week. and katie stanton of color genomics. ♪ ♪ >> turkeys in central bank will reduce the pace of rate cuts. >> trading review. ankara put on notice. >> cashing out. saudi holdings of u.s. treasuries fall for a fourth straight month. >> the lobby of trumpet makes

one more tech i.p.o. for the books. we sit down with a data tech company after shares topped at 45% out of the gate. and will russian hackers help donald trump get hold of hillary clinton's missing emails and in on what the republican nominee's comments mean for cyber espionage. and amazon and facebook moving into the top five companies with the largest market cap. exxon mobil was at the top. five at the close of trading and bumped apple, amazon and facebook reported strong quarterly earnings. we have chief analyst with us and our stock market reporter. oliver, i know you have been following these companies. consider closely this week. when it comes to the stocks, which moves were the most interesting when it comes to the top four tech companies? >> it's tech. right, why i'm here, because we're talking tech, and that was an interesting development this week. now been a group that has led the market throughout this entire year. to see tech getting a boost on the back of earnings was very important and interesting as we l

, tech being rather male. we want the sector to get infused. >> reporter: they wanted to create a place where technology and social justice comes together. by increasing access to capital, diversifying the tech field, and promoting oakland, which according to the center has a growing tech system with about 800 companies, most of which are small. >> we think tech can and should be diverse and inclusive. we think there will be more companies, more interesting products and services that serve greater markets. >> reporter: it's housed in this 93-year-old building. level playing field institute helps underrepresented high school students of color in the areas of science, engineering, and math. k4 capital helps start ups who make a social change. >> we really hope that it's going to be a gathering place, a destination for conversations about how to mobilize tech in positive ways. >> reporter: the center is also very green. 80% of the carpet tiles are made of recycled fish nets. some of the tiles are made from recycl

make your homer of tech high-tech allowing you to controt with your phone or communicate with your refridger, but is it really smart or just hype? >> smart fridge and echo promise to save time and increas around. but there are real challenges. as we learned when we tested out the august block's new int gags. which is supposed to make it ea. >> first, you instahl the august smart blocks and wi-fi bridge needed to make the conduction. next, set up your amazon echo with the e then you give the commands alexa, tell august to lock my wi-fi is work, your door should look. that's how it should part in th it wasn't so seamless. after several tries, it fintly worked. >> august checked the door and it was locked. august ceo jason ring w johnson told us that the company decided to integrate with amazon's echo based on customer feedback. >> the challenges if you have to use an app for every device, smart lock or thermostat or lights, it's bit cumbersome. it's allowing people to use their voice. i think our customers and people using these tech ap that. >> in order to take full advantage of this technolo

>> it's tech. we are talking tech and that was an interesting development this week because this has not been a group that led the market throughout this entire year. getting a boost on the back of earnings was very important and interesting as we look to get some indications as to where equity markets in the u.s. are going to go. and dividend payers, the value stocks that are going to do pretty well in the midst of petering along economy. when earnings come in and beat estimates by the biggest margin compared to the rest of the s&p 500, people got bullish and you saw the rally. the fact that the information technology group was beating s&p this week, it was leading the most in the earning season since 2008. you are seeing a pull-away there. and the bottom line, they like to see when tech leads. you are looking at a chart why this isn't happening and the bottom chart shows it leading. and there is a gap between valuations and one of the most popular groups which is the consumer staples, they are ge

. >> in tech. tell you what, i think big cap tech first of all is now in a place where u through the end of the quarter, year over year, quarter over quarter, you're going to start to see comps that are easy to beat. so what's going to matter and this is something we'll probably get into later in this show. but the reality is that companies don't have to do much to send stocks higher. >> well, i'm not that excited. just put it this way. i've said this before, i'll continue to say it. if you're buying into tech and dividend stock, you just need to know you're buying into a bubble. doesn't mean it can't go higher. bubbles go on for a long time. so i would rather look outside the u.s. to me, what happened in japan over the last couple of days could be game changing, look towards ja fan. >> could dow 20,000 be closer than we think? it may not be as crazy as it sounds. rich is at the smart board with the three stocks that could get us there. >> like flo rider says, open up the champagne. post brexit buy

guest: that is tech.you are making a new form of meat and what you are doing is making meat out a bunch of powders, that is processed food. emily: what do you think of companies like beyond meat or impossible food? they claim to have burgers that bleed and it is actually beat jews. it and it is had impressive. i've had beyond meat and it will fool you. i'm supportive of those companies. i do think they are doing interesting things. but i would say let's remind foode that there is real grown from the ground or real animals. if we treat them right and be fewer of them, we cannot do makes a force, have our cake and eat it too. we can eat animals, fewer of them and higher-quality ones. emily: what will change the most about food in our lifetime? guest: what has changed the most about food in my lifetime has in this movement toward fake food. fast food didn't exist when i was a kid. it's hard for people to believe that. tv dinners did. time.born in the post war but tv dinners are all fashions. we've gone throu

emily: food tech is different from consumer tech.ggest challenges that food tech companies will face in the next decade? >> biggest challenges? if they arecompany, actually a brand and bringing food to market, they are a consumer packaged goods company at the end of the day. their technology helps differentiate them, but they need a team that had -- understands the economics and margins in a consumer packaged goods company. if they treat it like a technology company, that could be a mistake. emily: james, brian, thank you so much for joining us. that does it for this edition of "bloomberg west." a lot more on food tech later this week. and katie stanton. ♪ >> from our studios, this is charlie rose. charlie: for the third time in 18 months, the flacks have been lowered to half staff. more than 80 are dead in the resort city of nice. -- a tunisian me cm national drove a truck through the streets. let me begin with many of the questions on people's minds. why is this happening? what can be done about it?

does she go to run another big tech company? alastair: i think she will probably pass on an opportunity to run a big legacy technology company. she could maybe, she would be a great venture capitalist maybe for a while. then i suspect longer-term she is going to be running a big tech company that is hopefully growing this time round. emily: i know she does have a passion for new products. before she joined yahoo! she did a lot of angel investing on the side. neil, what do you think her reputation will be on the street after this is said and done? neil: fairly mixed. she came into yahoo! with a whole aspiration to really grow this business. all that's happened is that revenues have continued to decline. the fact she was able to salvage some value will be positive, but her track record is not that great. emily: we are going to be watching. sometime early next week, we presume we will see some sort of climax after all of this time. thank you both. well, paypal cofounder and venture capitalist peter thiel became the first speaker ev

and the problem is how do you define the "tech." it is defined so far as the irs designation, but is amazon a tech company or delivery company? is it a warehouse company? a lot of people are saying this is unfair to single out one group, and it is a really defined kind of way. >> believe me, when we took the extraordinary step some years ago of eliminating what was making san francisco unattractive for investors in the world of innovation and technology, we removed that. and now we have them, and we have them were places where no one was investing, part of market street.>> nobody was investing, and then suddenly everything is in bloom, so i don't understand why these people that are not into fire retardation are tempting to do this to the tech world. >> one of the signatories and backers of the tech tax of voted in favor of the tax break. >> are we going to bring inconsistency into the equation? when you try to put logic inconsistency into san francisco policy, it is time to call it a wrap. back to you guys.>>> from tech talk to wea

what makes health tech different from traditional consumer tech?ere's probably two things. it goes back to a regulation and payments. we were investors in basis and misfit, consumer wearable companies selling to consumers. you tend to have not as much regulation, and you tend to get paid by the person using the product. in health care, the person who is paying for the product is currently still someone different than the person who gets the product. so i would say that we tend to take a very pragmatic approach. we definitely see a massive amount of innovation happening, and we want to be given not to disrupt the system too much. we like to look for investments that have enough sensibility that they play by the existing rules. emily: that is esther dyson and robert middendorf. we will pick up where we left off and explore the fine line between health care disruption and federal regulation, and of course the cautionary tale of theranos. thios is bloomberg. ♪ emily: this is "bloomberg west." let's pick back up with our weekly vc roundtable, focus on h

hans: because tech growth at a faster pace.look at the e-commerce in china, it has grown by 35% a year as a sector. look at retail, it is growing at a single digit. when you see the number, it becomes obvious you should put more emphasis on tech. cory: anyone in the world -- more government attention is a good thing. with the chinese government's increased focus on technology, has it made investing in technology easier? >> from our standpoint? we definitely see the government play a role but not hindering us in any way. the number has grown in the last few years. uber. uber is expanding aggressively in china. the chinese government 10-20 years ago, have allowed that to happen? have a li na. but look at what is happening in china with the transportation industry standpoint. there are a lot of cars out there and you need more players to be in the market to provide sharing services. and uber enables us to do that. cory: it sounds like what you're saying is that government involvement is with investment matters? >> i would say if y

tech companies. i wonder what the appeal is a u.s.mpanies the chinese companies that are looking for m&a. david: i think it is largely strategic. much the way in the 1930's gm started to sell cars outside the u.s., citibank going global probably in the 1970's and 1980's. in that sense many chinese companies, whether it is bidu, baidu, tencent, they are investing in u.s. companies wanting to see some of the cutting-edge technology and to bring you back to china. number two, they want to start dabbling in global expansion. as great a market as china is -- cory: you see a lot more now. you are nodding your head. as much as they might be interested in technology, they would be more interested in just a beachhead where they can have access to sales teams and know some of the companies that sell their products? hans: i was part of a team that helped recruit hugo barra. there was a collective team effort to do that. hugo joined because he sees this interesting android platform that is emerging that can be more than just a smartphone. it coul

-- tech stocks. on the year-long chart, i pulled this up because tech has not broken the new highs yet as of december 2015, so getting closer. joe: u.s. 10 year yields have been itching higher for a while. -- inching higher for a while, moving higher but till not back to where we were earlier this month but the trend is definitely for an increase on those. scarlet: we just got netflix results coming out. netflix coming out with -- the stock trading in after-hours, taking a bit of time here -- 1.966 billion dollars. earnings per share of nine cents a share. not sure if we are comparing like with like because the consensus analyst was for three cents. stock tumbling and one number that stands out is international streaming net adds 2 million -- analysts were looking for 2.5 million. the international expansion seen as crucial to the company's strategy. -- apears to be a mess miss. not only did they miss on this quarter and that's especially important for these companies looking for projected gains. sca

in tech, more than 70 tech startups and vc firms say they will give u.s.off to vote in the presidential election. among the companies, spotify and survey monkey. the initiative is being driven by tech executives who are outspoken critics of donald trump. that does it for this edition of "bloomberg west." this is bloomberg. ♪ they didn't like showoffs. they didn't admire braggarts or bullies. they didn't respect mean-spiritedness or folks who were always looking for shortcuts in life. valued moret they traits like honesty and hard work. humility,courtesy, responsibility, helping each other out. that is what they believed in.

big week for tech earnings.livering a steler quarter last night trading near all time highs. we'll here from alpha bet and amazon and companies like twitter. let's jump in. any read through from facebook to what we'll see tonight? >> i'm sorry could you repeat the question. i had a hard time hearing you. >> any read through from the strong numbers that we saw facebook put up from its mobile advertising segment that you can extrapolate for alphabet tonight. >> if you look at facebook right now 84% of the revenues are coming out of mobile so mobile is a huge driver of growth and facebook's made a transition from a desktop to mobile application. if you look at google the vast majority of the traffic comes from desktop. i'm not sure this makes the decision on what happens today but if you look at google longer term their biggest challenge is a tremendous amount of growth from their mobile platform and search but the rates around mobile are significantly lower. i think the challenge for them over the next few years i

over the past few years we've seen a lot of tech, -- tech companies have gotten more involved. >> yes. it's interesting. traditionally tech people were so proudly apolitical. it makes sense if you think about the fact that for like 20 years, tech companies did not have a lot to do with government. in the past few years, the tech world move much more into the regulative sphere. bingo a company like spacex where peter thiel is an investor and their main customers are governments. carol: how do his colleagues in silicon valley feel about his connection with donald trump -- >> donald trump, as he is in other industries, is a polarizing figure. in silicon valley, he really kind of rankles people. silicon valley is very sort of touchy-feely. donald trump might call it politically correct. thiel's support for him is very much politically indirect even among members of his inner circle. even people who are close to him have not really talked about it david: the cover of "bloomberg businessweek". talk about the decision to go black and white against this fleshy background. >> the photographer

but now they want that tech company to pay up. the ups and downs of the tech taxes. that's coming up in our tech tuesday. >>> coolest days around the bay area and our afternoon highs are still falling. i'll have a look at what to expect for the rest of the week coming up. >>> right now are you feeling lucky? the megamillions jackpot now an estimated $454 million. tell us are you playing? if you are just what would you do with all your winnings? >>> again, a five spot on my wallet. that it will be five tickets on the way home. speaking of getting home. here is 24 going through lafayette with a pretty slow start if you are making your way towards the creek. the 4:00 on 2 will be right back. ♪ ♪ i'm terhe is.at golf. but i'd like to keep being terrible at golf for as long as i can. new patented ensure enlive has hmb plus 20 grams of protein to help rebuild muscle. for the strength and energy to do what you love. new ensure enlive. always be you. the extra crispy colonel. my extra crispy, twenty dollar fill-up feeds a family of four. it's crunchy! juicy! and oh so tasty.

even though the tech stock was up barely more than 1%. this is where the focus was all over the place. >> sell, sell, buy, buy, buy. >> and unlike what we saw with the industrials yesterday where some subsectors like machinery did well, like the airlines suffered, things in the tech category weren't so clear. we have intuit, climbing more than 15%. while losers like auto desk climbed 11%. communication equipment, f-5 networks that control the interstate system of the internet gave you a gain. but another backbone gave you an 8% loss. hewlett-packard had 20%. granted, there's some straight-forward pockets. like the semi-conductor equipment makers. not the chips but the equipment makers. sector had another major problem. it suffered from a lack of leadership. consider the three largest tech companies. apple, and microsoft. let's drill down and learn from them. starting with the winners. cramer fave, invidya, came in first. beyond making graphics, nvidia's been making chips and highest-end automobiles. all helped deliver robust growth. secon

is it old tech, new tech, neither? >> it's kind of in between tech. now it's priced as though it's old tech. and it's p/e is in line with its peers, peer group. but i still think apple has got a lot of innovation. i still think they've got a huge upgrade cycle ahead. may not be with the iphone 7 but certainly the one after that. dominant market share. i just don't think you can count apple out of the innovation game. and so i am a buyer of that, but clearly it's a different type of growth experience than say a facebook. i think we have a better feel for what the total addressable market is for smartphones these days. >> gentlemen, thank you very much. >> thank you. >>> all right, folks, the dow is up more than 100 points right now. the nasdaq briefly topping 5,000. the s&p 500 all-time highs there. coming up in "street talk," we've got several analysts say stocks you may want to avoid. that's next on "power." >>> time for analyst recommendations soft tocks you need to know about. viacom catching a downgrade at wells fargo to underperform. clearly boar

someone who made the leap from tackle to tech. patrick willis along with a man who opened stores as ceo and founder eren and nizai. i didn't expect you to talk about technology. we're talking about age 30, very young age. what did you imagine for your post football career back when you came into the league and how did that change over eight years with the niners? >> i really enjoyed my time playing national football league. as i enjoyed that time, i knew that the day i came in, it would be the day i would have to leave. during the whole time, i always just thought about other things i always been curious. when that time came for me to -- >> it didn't come. i want to tell you, they can still use you. i wonder, playing in the bay area, you're surrounded by all of this stuff. you guys were neighbors at a certain point. do you see this as a guy who will be doing tech? >> i never thought. >> and yet? >> and yet, when patrick retired, he said, i want to get involved in tech. we kind of talked for about a year about what i was doing. he

i don't think he has a tremendous amount of love for the tech community. he's got very strong anti-immigrant points of view. both in terms of highly skilled immigrants coming in, also lower skilled immigrants coming in, both of which are important for the silicon valley and tech community. you bring up a good point. if it goes the other way we may be heading down a path where we'll have a more add verify cerebral relationship with the white house than we would have otherwise. >> finally, paul, i want to ask about netflix. it's been a tough trade, post earnings, disappointment on net subscriber broegrowth. what is your take on what this period represents for netflix? a time to change their focus getting more money out of subscribers they have or another spike in groek to be found in the relative near teerm? >> we've stoke about this before. netflix is in the early stages of conquering a very, very content market worldwide and also run by one of the strongest if not the strongest management teams in the tech community. personal opinion. reid hastings probabl

their mission, as oakland becomes more tech, ensuring tech becomes more oakland. >> we really want to encourage and support folks in oakland who are already here to be a stronger more visible part of the tech sector. >> reporter: the center opened doors this week in uptown oakland moving from san francisco. they transformed the 90-year- old vacant building know a state-of-the-art meeting space part investment firm part nonprofit three organizations are here all with a goal of ensuring more diversity in the tech world. haley is involved in the nonprofit level playing field institute. it's to get minorities into tech. >> i will be around folks who look like me fueled by my motivation. and just do what i would be successful at. >> reporter: someday she wants her own company. she doesn't know what it will be but she already knows its mission. >> i do want to give back especially to young black women who think thin is not accessible because it is and it shouldn't be that they think that. >> reporter: the kapor center opening the doors force haley and haley hoping to do the same for someone

there is a big controversial what, is food tech? is it on-demand delivery or the composition of the food itself? >> i am fortunate to have don thompson on my board. a couple of years ago i was talking about him and his wife about the tremendous innovation. and really almost bragging about it. liz, his wife stopped me and said innovation is good for my i phone, not necessarily good for my mouth. they want to eat foods they are familiar with and not necessarily something that is considered high tech. so we have to balance that. we have to bring a science and a culinary perspective to it. this is what we have done. we are applying heating, cooling and pressure to realign the proteins. if you are willing to have pasta, you should be willing to have our product. emily: when you look at the future, what is the long-term goal? >> it is to offer people a series of proteins, whether in the form of beef, bacon, et cetera, that are all made directly from plants. we firmly believe you don't need the animal to create meat for the center of the p

are here all with a goal of ensuring more diversity in the tech world. haley is involved in the nonprofit level playing field institute. it's to get minorities into tech. >> i will be around folks who look like me fueled by my motivation. and just do what i would be successful at. >> reporter: someday she wants her own company. she doesn't know what it will be but she already knows its mission. >> i do want to give back especially to young black women who think thin is not accessible because it is and it

i think back two years ago, i would go to tech conferences or meet with tech ceos, and it was all aboutadvantages of being public. i do feel like the worm has turned a little bit. i was just at the conference out in colorado last week and there were a lot of good tech ceos saying, i actually want a new currency with which to do acquisitions. there's a lot of opportunity now. i want permanent financing. i feel like it's flipped a little bit. >> is it possible that will happen, we're looking at the dnc beginning in philly. is it possible all of this happens right when they're going to come out with the financial transaction tax or something like that that could move the other way against all of this happening? >> i'm not sure the financial transaction tax itself would inspire a great deal of confidence in the public markets or in being a public company. but it has been building. and i don't want to make predictions, but i've been on your show before and i have not been optimistic about the health of the ipo market. just anecdotally, the feeling i'm getting is that it's going to heat up pr

>> it's on the tech sector.ith companies like google, fisebaacebook and other give people jobs in silicon valley. going in, you need some tech skills. depending where you start, analyticals or basic ones needing no skills at all. >> is it a better tool for companies to train existing employees with new capabilities, or is it something that people would want to put on their resume to differentiate themselves going into an interview? >> it's very much the same way a degree makes. distinguish yourself. companies like google and many others pay a lot of attention to it. at&t hired many of our people. relatively easy to get a job once you have the degree. >> big picture, what do you expect opportunities like this, opportunities for learning like this, to do? how is it going to change the landscape when you're offering access to, to information to a broader group of people? >> first of all, i really think everybody should have access to great education. that's not the case today. secondly i believe education is moving

news, the tech industry's roaring again.ipo yesterday, a story only seen on nbc bay area. silicon valley tech startup pulling in big bucks on wall street. business and tech reporter, scott budman, has the story. >> reporter: the confetti fell on the nasdaq as a rare silicon valley ipo brought $95 million into the coffers of talenz, a redwood city tech company. >> it's surreal. >> reporter: also successful. the stock price popped 40% on day one, more evidence tech has its groove back. >> i believe that the last time we've seen something like this is the worldwide web. >> reporter: surrounded by confetti that fell on the headquarters, they talked about how investors jumping into big tech firms like google and facebook are also ready for more ipos. >> i think we've really kind of put ourselves on the map today. >> reporter: they also set themselves up for growth, which, they say, will include more hiring, and, yes, that means things will get even more crowded around here. >> if you look at 101 and 280, they are full getting up

the tech entrepreneur is giving another 1.25 million-dollar to prop 64. that bill would legalize marijuana for recreation 23458 use and impose a 15% sales tax on the substance. with the new donation parker has given $2.5 million to the campaign effort. >>> it's a competition unlike any other in the world one that's uniquely san francisco. sfmta hosted the 53rd annual cable car bell-ringing contest today in union square. groups of conductors show off their skills and for the first time ever, a woman made it to the finals. she is san francisco native and 15-year conductor cassandra griffin. >> i wouldn't say i'm so good at what i do because these guys here are great. i'm just going to give it a shot. >> absolutely. the first place prize went to leonard oates who has been a grip for 16 years. griffin said she didn't win, she is still proud to be the first female finalist. ♪[ music ] >> anchorage, alaska, was a dozen degrees warmer than san francisco today. it is chilly out there! did not hit 60 degrees along the coast. there is the next round of low cloud co

plus, it's battle of the tech titans. amazon and goggle out with earnings tomorrow and we'll tell you which one having the bigger move. when "fast money" returns. we' . where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. >>> welcome back. amgen moving lower. meg has more. it was a beat and raise. why have shares turned around? >> it's a good question. good quarter for amgen. one thing they are highlighting is that the beat may have been driven by price increases, particularly enbrel, rather than increase demand across the board. that maybe why you're saying shares down slightly. the call is going on now. it's during commentary. in the q and a, we expect the hear questions about the new cholesterol drug as well as competition for bio similars, these generic versions of bio logic drugs. fina

more than 70 tech start-ups say they're going to give u.s.mployees time off that day. >>> you've heard of the perks and the play areas at some of the silicon valley companies. 's an ode to the building s speakeasy past. today, a lot of things happen inside the secret room at san francisco-based weebly. sot: david rusenko / founder & ceo, weebly having a secret >> the most important book is the hitchhiker guide to the galaxy. if you press on this book, the book shelf opens up. >> reporter: it's anode to the building's speakeasy past.. a things happened inside this secret room. >> the best part about having a secret room is the friday afternoon pecker. >> reporter: you can enjoy a glass of whiskey and think about the next great idea in tech. >> it's very important for us to create a creative space to get work done. whether it's in product design or engineering, these are creative professions. so we want to create an office where you can go to work and feel good about that. >> reporter: the ceo wanted the entire office to reflect that culture. h

we will bring you the latest in tech throughout the week.berg. ♪ ♪ erik: coming up on "bloomberg best," the business stories that shaped business around the world. yahoo! sale finally goes forward while european banks reverse a downward trend. >> the sentiment is really bad, valuation is really bad. and the results are really bad. >> we have been very consistent in saying we do not need to risk capital. erik: the fed continues running in place while japan takes more steps down the stimulus path. >> they had to do something. they did the bare minimum. erik: from tech to pharma to autos to oil, earning reports come fast and furious. >>

tech takes the lead this summer.erage, tech lands in fourth place on the list of the ten sectors so what specific stocks are sizzling. sea gate up more than 40%. on the heals of a restructuring plan. also linear technology and ebay both up 31% this summer. linear stock has turned around this year after the firm received a bid for $15 billion. as for ebay's hot streak, the e-commerce company reporting earnings last week and a solid full year guidance which has helped push the stock up higher. >> thank you very much for that. now to this morning's must reads. hillary clinton find her target. general writing that her speech hit the right tones, went down well. the convention as a whole has worked for the democrats, but says conventions rarely make or break a general election. mrs. clinton will regain a clear poll lead in the coming days. she has more than earned her post convention bounce, but goes on the to say there's a lot more challenges ahead. should be aware of two reoccurring weaknesses underestimating mr. trump

not something considered high-tech.ve to this end a culinary perspective. we are applying heat and pressure to realign the proteins found in plants so they mimic the structure of a muscle. if you are willing to have cost a, you should be willing to have our products. emily: food allergies on the rise, one san francisco-based startup believes it has come up with a way to make eating out less stressful for those with sensitivities. a handheld device that can test for gluten levels right at the dinner table. we spent the day at the lab. with cofounder and chief product officer. take a listen. >> we will test some food. this is a supposedly gluten-free coffeecake. we will test it to see if it actually is. you take this little sample of the coffeecake, ap sized portion -- a pea sized portion. put it in nima and turn it on. 85% of the food at restaurants labeled gluten-free is actually not. -- about 25% of the food at restaurants labeled gluten-free is actually not. doctors have expressed a lot of interest in being able to us