emily: so you think there is no such thing as the tech industry or in the future the tech industry won'tso defined? aaron: i think it's going to be less defined, is the idea. you might have silicon valley. but, you're going -- that should be seen as the sort of software layer of every other industry. emily: your tweets are widely followed. semi-funny. aaron: thank you. semi-funny. yes. emily: thanks for the good material. in response to concerns that you would reign in your tweets after you filed to go public, you tweeted a photo of a missouri law firm. and gave a shout-out to your new twitter followers. aaron: actually, i'm not sure how the missouri law firm felt about that. emily: hopefully you won't get sued over it. aaron: they didn't sue us, so. they probably shouldn't. i'm sure we sent them some traffic for new customers. [laughter] emily: but tweeting as much as you do, why do you do it? aaron: well, maybe one myth that i actually can dispel is that i generally tweet only once or twice a day. emily: so you are way behind mark andreessen. you are not at 100 tweets a day. aaron: i a

thank you, principle kev letter and welcome to everyone to the tech shop wow. >> all right. you you know i've got an i am print with you look at the side wall (laughter) let me say this it is great to be here but the road that we have taken in order to get here today has been acquit inspiring quite interesting for the city and county of san francisco when i became mayor that was by accident there was a group of technology leaders that informed me about their abstain for the city i said to them through my friend of mine alex was creating an association of companies in the city to work with us they had a abstain ethiopia they wanted to adopt this city more than just economic success they actually wanted to spread the spirit of innovation to the rest of the city as we got talking the formation of sf city the citizens the initiative was born out after a sense that there was something in my background that said community, community, community in san francisco was the way that companies should work fast forward from that meeting another very inspiring meeting took place between mys

connectivity plan and i share supervisor campos's concerns and hope that their stronger work with the tech sector and i will say as mr. br u.s. o highlighted that chat anooga has been challenged legally with lawsuits along the way with certain tech industries that might not be supportive of a municipal fiber network and i know there's those contradictions as well and i appreciate you being here and working with you on ensuring that we have digital inclusion as a part of our plan and strategy for the future. >> if i can i'll say a couple more things. you know, i think that we're at a point in time with connectivity that other utilities were at some point in history and i do believe that pervasive gig a bit speeds to everywhere in this community and country and world doesn't just mean your netflix working faster when the electric grid was expanded it maybe started with powering more light light bulbs but manifested and the capacity and network was significantly increased like the electric refrigerator and i think connectivity will evolve that way and i think pervasive connectivity is going t

only the tech and four others received this distinct honor this year. the medal committee chose it for its outstanding community service, especially for its efforts in exposing poorer school students to technology. washington elementary in san jose said the museum has been kraushl in educating kids about science -- crucial in educating kids about science physics, electricity, and space erg ploergz -- and space exploration. many time they help teacher with professional development. >> it's a fantastic validation of work we've been doing at the tech museum the last three years. we've been focusing on how do we become a better resource for our community. particular aspects of the community that don't have access to technology science, the type of learning we provide at the museum. >> reporter: it was congressman love good friend who nominate -- lofgren to w.h.o. nom e nen who nominated the tech. the prestigious award is hoped to give them more attention. with more attention they get more donors with more donors more money. they have a large renovation budge

china's great slowdown is finally hitting the tech industry. i am emily chang and welcome to bloomberg west in our new time slot. nasdaq takes a giant leap into bitcoin technology. airbnb ceo tells me about the fastest growing market. and some say the ceo of -- may save twitter. to our top story, the tech industry is feeling the impact of a slowing chinese economy, with smart phone shipments down for the first time in six years. according to idc shipments filed that ship -- to idc shims fell 4% from a year ago. while it is working out nicely for apple, in the third quarter it had the biggest share of china's market followed by xiaomi. what does the evolving consumer class mean for the world of tech giants? joining me to discuss is brad stone of business week, bob o'donnell, and brian buckwell. but i'm going to start with you. is the chinese's smartphone market tapped out? bob: i don't think it's tapped out. what we have seen over the past couple of years is these adoptions of large smartphones. these phablets. those things are the primary comput

hub of the world google is down the street where are the tech companies you down craig's list i ask you guys work with the community and get tech people if i was a ceo guy i'm not one i don't make that money thank you for your time. >> thank you. next speaker, please. >> good afternoon my name is zach and i'm a tech professional so this is now i also grew up in a small business households i appreciate the challenges that city's is making i just got out of jury duty i feel strongly about this legislation enough to be here today when i first saw it public last year. >> could you pull the milk to our mouth. >> when i saw coverage of sxhaurns to limit the proliferation of this massage service i applaud it those businesses to the greater neighborhood to city government intents the massage establishment and make it difficult for them to act in san francisco the legislation is not that action it is only made available to this week and with the carve outs for the sole practitioners existing businesses this legislation will do far more harm to the community members there's a world of differen

the tech museum collaborates with schools around the south bay with free field trips. one of the main goals to get low-income students interested in science and technology. >> it's a fantastic validation of a lot of work we've been doing here over the last three years. we've been focusing on how do we become a better resource for our community and aspects of the community who don't have a lot of access to technology and science. >> the tech museum was nominated for the national medal and it was one of five museums in the u.s. to win the award. >>> we'll have more of ktvu fox 2 news at noon right after this. this is not san fran. this is not a tall man it's pam and dan. this is not an ice cream cone it's a frozen custard cone. and this is not ice cream, it's extra thick and creamy frozen custard... ...a different kind of delicious. new from dreyer's. nestle, good food, good life. ?.=(=pcpcpcpcpcpcpcpcpc2h ♪ ♪ ♪ >>> stocking edging higher. investors have a couple of corporate deals to work through. right now, taking a live look, the dow is up 51. the nasdaq is up 36 an

be responsibility for the raising back of the art community in spite of the tech boom. thank you. >> thank you. karen quest. >> thank you. >> well, my three favorite words in the world to hear a kid say "i did that." the educational arm of teatro zinzanni affords children an opportunity to

i would urge you not to let san francisco let the art community die, because of the tech boom. be responsibility for the raising back of the art community in spite of the tech boom. thank you. >> thank you. karen quest. >> thank

. >> my name is lewis i'm an it technician i see no one from the tech community here most of this exists on line and grazing list or that's where you find those the tools are available all i see it taxation of hard working people and more gent indication for people in san francisco i see people moving to oakland this will make that easy for massage corporations the small businesses will be kicked out and bride ground for this they operate through online adds it is easy to find those places it's a massage or a cheap neon i appreciate this i come from columbia and i'm amazed we're talking about this it is amazing u amazing i'm not not for human trafficking but this legislation is something from 1995 we're in the tech hub of the world google is down the street where are the tech

be responsibility for the raising back of the art community in spite of the tech boom. thank you. >> thank you. karen quest. >> thank you. >> well, my three favorite words in the world to hear a kid say "i did that." the educational arm of teatro zinzanni affords children an opportunity to learn skills of theater and circus in a safe, creative and fun environment. they may not choose theater as their life's work, but what an enormous contribution to a child's life. the benefits of of learning circus arts are detailed in the handout that i brought. hope you got it. social/emotion, social and cognitive skills focusing on each child's development at their own pace. i have been teaching circus and theater in san francisco for over 30 years with san francisco cultural institutions as the pickle family circus, which is why i moved to san francisco, make a circus and teatro zinzanni. any opportunity to encourage, nurturure and embolden children is a sacred opportunity. it includes scholarships for children in need. just bring them back. thank you. >> joe. bobby evans, gail gilm

thanks for sharing. >>> big news today in the tech world. o john chambers will be stepping down in july. and it is up sharply though, since he took the helm in the '90s. what challenges will the new ceo be facing? >> don morgan is a major shareholder of cisco with over 1 million shares. down here at the new york stock exchange, our panel is joining us. what did you think of the news today and the unexpected appointment of the successor? >> well i mean it wasn't too crazy. i mean we all kind of knew they were going to pick somebody from inside the cisco family. it was a question of who they'd come up with. i believe chuck robbins has been at the company since 1997. he was there when the stock peaked back in march of 2000. 80 bucks. and he's been through the whole cycle with john chambers. so it wasn't too big of a surprise. we didn't expect him to pull someone like meg whitman over there or something like that. >> i have a question for you, jon fortt. chambers has been leading the company since 1995. a lot has happened since then including the

has been providing the tech support and provide the support for the 200 and 50 computers in the locations across the city and satisfactory completed services requests in addition reimaged the system is we actually do both pro-active or preventive maintenance and reactive it has for scheduled unserviced calls in addition to provide for service the technical lab as the online issues and fm to provide savings to the program the computer originally had an extended waitress i didn't that expired that will cost 55 thousand dollars it is not unreasonable we called them for 8 service calls so i've asked reliable tech to provide supported they've asked for $6,000 that cover 4 to 6 computers depending on the attachs of service and they're supportive in the event and help with raffles they're a very good monitored in 2013-2014 and starting in 2015-2016 and i seek approval for the contract may i have have a motion to discuss. >> so moved. >> thank you. any questions or comments from the commission. >> commissioner sims. >> it this a lo

is the tech industry redesigning the traditional off -- office? you seeing things they're putting into their opposites offices that other traditional companies are adopting? guest: very much so. the change in what work is and how work is happening is causing this. there is a lot of experimentation going on with a lot of companies. they're looking at how we can get work done and how we can be more productive. it is a time of tremendous change and experimentation. emily: how is samsung different than working with amazon or microsoft? guest: every company is unique in its culture. it is an international company and its headquarter is in korea. it is fascinating to work with people of those cultures. how does the culture of their society impact work, and how did they become a culture of both americans and many different diverse people working in the same facility? emily: when will it be done? guest: it will be done this fall. emily: looking forward to seeing it. he designed the new samsung building in silicon valley. thank you for joining us. and than

being connected to the community and the world through tech technology empowers. all of us. whether we're in the community or in the hospital. sf connected is to teach basic computer skills. to explore personal interest using computers. to connect with friends and family. to become savvy. in this ever increasing. technology world regardless of disability. we have trainers who specialize in working with people with disabilities. who can provide training for individuals. with visual. hearing. or physical diz abilities. participates become part of the community. and find -- in their talents. and help others. we are hoping to increase the number of people by hearing people to support. technology keeps you connected >> guardless of who you are. where you are in the world. being on the internet is the only time i do not have a disabilitied label. we hope you will join our keep us connected campaign. >> all right. thank you jennifer. so jennifer will stay here to answer questions at the end. i know. let me tell you a few other things. that are a part of this campaign. and we will ta

-- to a huge tech company. >> the twist in store for the sears building. >>reporter: instead of just using their imagination or 3-d renderings, possible tenants can use this, this 3-d virtual reality headset that puts them right in the middle of a finished face. in you know, as you put these on, you're looking inside of a 360-degree environment of the space that i'm actually sitting in. >>reporter: the space is uptown station and the headset is bringing it to life. no imagination required, just high tech. >> when you've got an old building like this and it's stripped town to the bare bones, you sort of need the best toy you can. >>reporter: this is what it looks like without the headset. >> basically fell into disrepair over a number of years. >>reporter: workers are gutting the place and it's hard to picture the possibilities. in an old-school rendering just can't cut it when you're talking oakland's tech hub of the future. >> bringing it back to life. >>reporter: the partners wanted a wow factor to woo tech titans,

the big one came about six months in. we launched tumblr ad products powered by yahoo! ad tech. that was a really big deal. l 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. betty: one of your investors 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? david: 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 you cros

>> china's slowdown is hitting the tech industry. i'm emily chang. welcome to "bloomberg west" in our new time slot. nasdaq takes a leap into bitcoin technology. airbnb's ceo tells us about the company's fastest-growing market. and a cofounder is here, some may say he may save twitter. first to our top story. the tech industry is feeling the impact of a slowing chinese economy. it is down in the country for the first time. shipments l 4% from a year ago because the world's largest smartphone market is out of first-time buyers. it is working out well for apple. in the first quarter, apple had the biggest cheer of china's market followed by xiaomi. what does this mean for the world of tech giants? joining us is brad stowe of bloomberg businessweek and ceo of -- bob, i will start with you. bob: it is entering a new phase. what we have seen over the last couple years is this in norman's adoption of these smartphones, the tablets. in china in particular everybody is crazy about them. those are the primary computing device of a of people in china. the reaso

he'll be greatly missed by the tech world. >> sad news in deed. still ahead on "way too early." it was supposed to be the fight of the century, but did it turn out to be only the most expensive fight of the century. what boxing fans including mike tyson are saying about this weekend's fight. i want my hundred dollars back. that and a check on your weather when "way too early" comes right back. >>> the formation of guardsmen fired their rifles at the students. [ gunfire ] two young men and two young women were killed and at least a dozen other students were wounded. buying a used car can be a scary proposition. you walk onto that lot and immediately you are surrounded like a guppy in a shark tank. it just feels like car salesmen want to sell whatever car is best for them, not best for me. there's gotta be a better way. ♪ ♪ as long as people drive cars carmax will be the best way to buy them. across america, people are taking charge of their type 2 diabetes... ...with non-insulin victoza. for a while, i took a pill to lower my blood sugar but it didn't get me to my goal. so i asked

the job as a coffee spill. all right must be a small town. >>james: 4 techather we have a small earthquake before 4:00 a.m. out their presence and if you were sleeping if you were awake maybe you felt just a little bit i will have the full force has come up in just a moment. kellogg'® osteminiheat®.. ve 8ayerof nritis eat. and e ofelicus set. to satfy t adu.... and ki- inll ous. (supergras "alght" pls thugho ♪ ♪ ♪ nutritiousheator t adu yove gwn into. and licis swt fothe d u'lleverutgr... fe youinnekidu... with fstedini eats. on his quest, jack ventured far and wide. through dust, fog and rain. until he smelled something legendary. garlic herb butter. jack knew what to do. take the cowboy with him. and that's how the buttery jack came to be. our juiciest, butteriest craviest burgers ever. the new buttery jack burgers from jack in the box. >>james: as the tech a live look at the golden gate bridge not that intense at rolm as a matter of fact that will clear much sooner to lead and they did yesterday for their reason we will have warmer temperatures the stress

tech community. we talk to experts about what the trend means about a possible tech bubble. plus, down to the wire the senate works into the weekend debate the controversial bill that would rein in the nsa's dragnet. we will look at the risk on both sides. and twitter cofounder ed williams raises over $100 million for his debut fund. what he plans on doing with the money. that is ahead on "bloomberg west." first, uber making the rounds on wall street. the company is seeking a $1 billion credit line from a handful of banks. this according to the wall street journal. the company is in talks with six or seven banks. uber declined to comment. bloomberg reported uber was planning to raise $1.5 billion in a new founding round -- funding round that would boost its valuation. what does uber want with all this money? is it an ipo in the near future? katie benner joins me now in the studio, and from d.c., gabe klein who works as a special venture partner. gabe you just invested in lyft. , you are the perfect guy to be talking to about this. this credit line is something that facebook,

but there can be more women in roles like mine and in the tech sector and i asked the innovator, theors, the entrepreneurs, commit with me and make a pledge to increase the number of girls who are entering the stem professions and open your networks and mentor young women in their careers in science, engineering, technology, and math. join me. they're all decision makers and leaders in their companies. they all make hiring and promotion decisions, and they create corporate culture. so they are in a position to be able to influence and improve the current situation. emily: so, so important. that was u.s. p.t.o. director michelle lee sharing her insight on getting more women in technology. well 80% of facebook users are connected to a small business. so what's the social network doing to keep these companies happy and buying ads? next on "bloomberg west." ♪ emily: this is "bloomberg west" and i'm emily chang. 40 million small businesses using facebook could play a big role in boosting ad revenue. the company is investing in its small business audience by launching specialized support f

hands 00 circle the schools it is important our our student to connect with people that are having the tech jobs and the roles as part of our city will go on to do it is exciting for our students and us to be raising money in papering to get our kids stuff they need (clapping) just want to say it's a been an honor working with julie and the self-sf international team a pretty compelling story working with a school that doesn't have adequate computer services and equipment and one of the notice o most technical lodge cities in the world we're exist for the participating and this has given us $10,000 we're hoping (clapping) and we need england spreading the word and reaching our goals we have technology save i didn't youth in our city and participate in that are their technological city thank you (clapping). >> so this campaign has been a wonderful occupant u opportunity for folks come together i'd like to introduce an thinking going supporter someone that has done a lot for our students mayor ed lee (clapping.) thank you, principle kev letter and welcome to everyone to the tech shop wow. >>

it is the biggest acquisition ever in the tech world. buy broadcomeed to . latest deal and industry best hit by consolidation because of the rising cost of production and design. it's a singapore-based company that was once part of hewlett-packard. broadcom is the largest maker of wi-fi chips. lyft are pushing back against new york city regulators. the changes would address fares, availability of wheelchair accessible cars and restrictions on picking up passengers at airports. the companies contend these regulations would discourage innovation. u.s. prosecutors want to know what role american banks played in the soccer corruption scandal. money involved in the two decade-long bribery scheme passed through u.s. banks, including citigroup and jpmorgan. the banks have not been accused of wrongdoing and citigroup says it is cooperating with the investigation. 14 people happened charged in the case, nine of them officials with fifa. those are your top stories. hour, up in the next half tv is better than ever. the entertainment industry will air more than 400 orig

companies and plan to block the tech commuter buses. >> tech companies are coming to the bay area and -- these neighborhoods of people that have been long-time residents that are being displaced because somebody with more money can pay more rent. >> reporter: this protest was well publicized. so the tech buses did not stop here. a.c. transit buses also bypassed this station. activists admitted they used facebook to get the word out about their anti-facebook action and are also using the social site to monitor their message. >> i think it spreads awareness. i think that if you go on to the facebook page there is a dialogue happening with people who work for these tech giants. >> reporter: police also got word of the planned activity. oakland police showed up in large numbers. and even asked chp for backup. but they weren't needed. the groups out this morning were peaceful. >> we're here to make a demonstration. >> reporter: today there have been no arrests no problems reported. b.a.r.t. commuters were not impacted, now, operations were shut down this morn

asian-american population, in general, has made inroads in every regard, from college education to jobs in the techy to jobs in the creation of tech -- tech-industry jobs. and in venture capital, also, we see a lot of people of asian origin in positions of founding roles. so i think -- that has happened for sure, kristen. i think there might be a gap, though, between, i think, pacific islanders and some of the other groups of -- and i don't know how those numbers are, but i think i would like to see more of an inclusion of the pacific islanders, for example, into stem studies and stem education and in tech in general. >> but even within the asian-american community, there is a lot of economic diversity. there are still a lot of legal problems that the community faces. even with the recession, we've seen san francisco and the bay area really transform and rejuvenate, but many low-income asian-americans really haven't been able to experience the same vitalization. so, during that period of the recession, asian-americans were the fastest-growing group in poverty and not just in san francisco but in ca