the tech challenge is one of the big evnlts in silicon valley, and this year's tech challenge has a record level of participation with more than 700 teens from the bay area and as far away as oregon. joining me is abbey, the senior director of the tech challenge from the tech museum of innovation. she's a fully credentials teacher and lectures at the graduate teaching program and last year was named to the silicon valley business journal's annual 40 under 40 list. >> so glad to be here. >> on any other show, being under 40 would make you the youngest guest. not going to happen today. give us an overview of people who don't know all of the details. >> the tech challenge is an engineering design competition. students work in teams and we give them a completely different real-world problem they're working on. this year, it's kind of a slowback to the first challenge in 1988, and it's going to be a lot of fun. >> they have to come out of the ravine. >> they have to cross two ravines. one they have to go up eight inches and kind of the catch is they have to take everything with them. they can't

the market. what to expect as tech giants begin to report results. plus, the next frontier for hackers could be outer space. we will focus on nasa's biggest cybersecurity challenges. and hbo's "silicon valley" is back for a fourth season. we will speak with the executive producers on how much influence they get from the real tech scene. first, to our lede. after a strong start to the year, global market volatility has come back into the fold amid rising skepticism over the trump trade. tech stocks were among the biggest benefactors of the recent rally. let's discuss with none other than abigail doolittle and cory johnson. guys, i just clicked on to my s&p 500. you go to this function. hp. cory: hp had a big move today after news that said they had the biggest gains in recent periods. caroline: it's trading at the highest in two years. another tech company also doing well, up 2.5%. talk us through, as volatility starts to ramp up, we are seeing in the vix, the so-called fear gauge -- what are we seeing across the technology spectrum? abigail: we've had

let's get a wrapup of the tech ipos. t interviews, two very different performances straight talk to us about whether we should be blaming the bankers in this, was carvana mispriced, is the other leaving too much money on the table? alex: in my world they raise the exact same amount, selling 50 million shares for 15 million on top. thatyou look at cloudera, was arguably a very well priced offering on the basis of its past round. as i was pushing tom they're a little bit, it is a big haircut in terms of value. they did bring up the strategic partnership but it is a question that folks in silicon valley are asking, as when that last round, a little higher than what was realistic. investors seem to like that, it is pushing this idea they are willing to bet on these early-stage unprofitable tech companies. those two stocks have traded up. thedera is continuing silicon valley ipo pipeline that wear comfortable with. on the flipside, carvana, a phoenix-based company, is different. they are consumer facing. as a platform to sell

will the earnings euphoria hold? two tech firms make their public debut with two very different performances. is the ipo market getting too hot to handle? as president trump approaches his 100th day in office, we will discuss the policies that had the biggest impact on tech, immigration, and tax reform. first, to our lead. this week has been filled with earnings from tech giants like amazon, alphabet, microsoft, just to name three, all of which have hit record highs this friday trade. alphabet reported thursday and showed the mobile boom is finally risking profits as google benefits from the surging clicks on smartphone apps. the company downplayed the effect of its advertiser crisis, citing growth from the site is the key driver. joining us is mark mahaney. and, bloomberg editor at large cory johnson. gentlemen, what a week. i will kick off with alphabet. it is one of the biggest players in terms of the market cap in those who give us the numbers. mark? mark: i think they gave investors three things. they bought back stock,

we look at the chinese tech conglomerates long list of problems. the concerns continue over the visa's guidelines. jpmorgan ceo weighed in on the debate of keeping highly skilled workers in the united states. he explained that it is alarming that foreigners who obtain advanced agrees here -- advanced degrees here cannot stay stateside. he says "we are sending talent away by not allowing them to stay here. -- here." say it allowsrump outsourcing companies to bring in lower paid foreign workers. but these changes might just hate -- might just help u.s. tech giants. we have an extensive researcher into the program. corey, first you. we should remind ourselves why there is so much kickback against h-1b visas. guest: the perception is, if you want to have american employment, it's terrible. on the other hand, it is providing u.s. companies with workers they just can't find anywhere else. the knees have to demonstrate that in order to get workers. these aren't new conditions the trump administration is adding. american companies have always had to show th

if the tech xans want to become biggerer and bigger parts of the world, they need to do a better job looking like the world. >> laura says it is going to be a necessity in the future for technology companies to cast a wider net in order to get enough employees to keep growing. garvin thomas, nbc bay area news. >>> a 50-year-old napa man was arrested accused of kidnapping and sexually assaulting a 13-year-old girl. coming up, how and where she got away. >>> 1,000 people seeking immigration services in san jose are celebrating a new legal clinic to turn to for help. i'm maryann favro, and i will have that story coming up. >>> we are enjoying the late day sunshine from half moon bay to squaw valley. right now, 56 degrees there, and new new snow, but things are subject to change. and sierra snow and gusty winds, and yes, the return of rain when we come back. this is gus. someday, gus will invent this thing and change the world. this is the thing that could change gus' world. and this is the doctor that could cure that thing so he can grow up to invent this thing. sutter health. proudly c

this is bloomberg. ♪ caroline: the company is taking its tech talents to the nfl. wearable analyzes data and helps athletes in training. this is another way for athletes to course -- score big. why sell personal health information? whoop ceoehind it, joins us. you are paring up with nfl players association, kobani the data. talk to us about the business opportunities here. isour core mission at whoop to empower athletes. meeting with the nfl players association and understanding their needs, especially around player safety and health, we felt there was an opportunity to partner. the nfl players association has become an investor in whoop.we are distributing whoop to every incoming and current player in the nfl. this is the first time a pro sports league has partnered with a wearable technology company. it will be exciting to see the data and ultimately improve player safety. caroline: player safety paramount, but talk to us about the other area the data will be used. i'm imagining those who want to sleeplook at how much players are getting, how well they are recove

. ♪ ryan: silicon valley may be home to some of the biggest tech giants in the world, but it's being allenged like never before. crazy tech geniuses are popping up all over the planet making things that will blow your mind. my name is ashlee vance. i'm an author, journalist, and i'm on a quest to find the most innovative tech innovations and meet the beautiful freaks behind them. the israeli military dominates much of the country's culture. at 18 years of age, men and women head off for tina or three .ears of required service they find themselves here dealing with the most intense of situations. these young soldiers in the israeli defense forces also learn to use some of the most advanced military technology around. to see how the idf has given israel edge, i decided to check it out up close, to see the iron dome. i have traveled to ashkelon, the coastal city just south of tel aviv that nudges up against the gaza strip. >> it has 20 missiles on it. you can see the red light flashing, which means armed and ready. ashlee: one of the dozen or so iron dome batteries sits at the ready to i

we look at the chinese tech conglomerates long list of problems. rst to our lead, the concerns continue over the sanctions on visa's guidelines. jpmorgan ceo jamie dimon weighed in on the debate of keeping highly skilled workers in the united states. in his annual letter to shareholders is that it is alarming that foreigners who obtained advanced degrees cannot stay stateside. he says "we are sending talent overseas by not allowing these young people to build their dreams here." these remarks come days after president trump made it harder. say the visa allows outsourcing companies to bring in lower paid foreign workers. but these changes might just might just help u.s. tech giants. we have an extensive researcher into the program. cory, first you. we should remind ourselves why there is so much kickback against h-1b visas. and how much it seems to help. the concentration is on indian workers with temporary jobs in the u.s.. if you want to have american employment in high-tech, it is terrible. but on the other hand, it is u.s. companies with workers

talent in, but the more educated and better techalent into the united states. would you agree the h-1b could be changed? how would you advocate it be ing changed? >> the h-1b reset is flawed. the problem is the next step, the green card. when people apply for permanent resident visas, they are stuck in this h-1b visa loop. the easiest fix is to untether the visa from the company. in other words, if a company h-1b visaone on an h on and they get someone offering a higher salary, they can leave and continue over there. that would fix the problem in one fell swoop. why don't we do that? this way, there is no cheap labor anymore. caroline: it is more about the green card that needs to be fixed. you have written at length on the immigrant exodus, why america is leaving the global race to catch entrepreneurial talent. that was at the very heart of this, the fact that people come to the united states, educate themselves, and are driven home. india and china are benefiting from a potential brain drain going on? >> one way of measuring busin

especially for the tech heavy nasdaq closing above 6000. e last time the nasdaq closed above a big round number for the first time, 5000, it was back in march of 2000. it has taken more than 17 years for nasdaq to close above another big round number. thisologically though, might be more of a psychological level as opposed to an indication more gains are ahead. driving the nasdaq about 6000 today we are looking at netflix, , baidu, and biogen above. -- among other winners. netflix is one of the top percentage performers, having its best day since last year. octoberwe were told this has to do with the company cost deal with baidu, helping netflix enter china the only major , market netflix has not been as of yet. and biogen, a big day. investors there really like the company's rare muscle disease drug, suggesting there could be more growth ahead. relative to the overall strength we are seeing just days, weeks ago, there was talk about whether the reflation rally was reversing. let's hop into the bloomberg and take a look at the chart. these a

the tech heavy nasdaq sectors are outperforming in a big way. rning to biotech, what was strong, lots of big movers on the quarter. absolutely huge gains across the board including vertech almost up 50% on the quarter. it did very well. illumina trading nicely higher and even amgen getting a lift from this biotech renaissance. a really strong quarter for that area of the nasdaq as well. brad: big strength for tech and biotech in the last three months. is this likely to continue? abigail: that is the million-dollar question. lots of fundamental drivers ahead. it will come down to president trump's policies. also in terms of opec. let's look at some of the big tech winners on the month. apple, facebook, amazon, microsoft. apple and facebook up 24% on the quarter. apple on the iphone 8 everybody is looking forward to. facebook on a strong december quarter. facebook fell about 10% so a rebound from the worst quarter since 2012. some strength. as for what is ahead, much of it could come down to apple. take a look at 7346. this is a longer-term chart o

are you suggesting bubbles in the chinese tech sector? and if so, where? >> it is everywhere. general. especially, in the last five or six years. a tremendous amount of money pouring into the market whether it is from local firms or others. it is too much money. for example, live streaming. app like the so-called shared economy. in the uber model. it is not like the presence of a company being created. in theory, these companies would never be successful. but anyone, whenever they have a new concept, and they think it they want to see a lot of new money pouring into create those companies. the result is that a huge competition in terms of market share, and to get bigger. a lot of competition is irrational. ofid: in a week chock-full important events of policy decisions around the world, few observers can offer more perspective than alan greenspan. he joined bloombergs daybreak america for a conversation on friday. it least one thing with president trump and that is an emphasis on growth. he has a prescription for how to states, twonited more robust growth. it starts with a fair

lead big into the tech land grab in nevada. that is next. mberg. ♪ caroline: tesla's factory is about to have a new neighbor, google. according to "the wall street journal," the silken jet -- silicon valley giant bought land in nevada. there is also speculation the land could also be used for testing self driving cars at high speeds. joining us to discuss is our bloomberg technology editor. who knew this is such a hot place to build out your technology companies?talk to us first about the data element of this .this would not be such a new area of growth for google. reporter: google opens a new data center every one or two months, and they are always buying land ahead of time. now the common practice. -- that is a common practice. area.ight be a good you might be able to cool the data center quite easily there, in the high desert. caroline: of course, google, the crowd part of the business, they think it will be eventually bigger than the search part of the business. people are wondering white uber -- why uber is looking at nevada. nevada seem

we dig into the tech land grab in nevada. that is next. mberg. ♪ caroline: tesla's factory is about to have a new neighbor, google. according to "the wall street journal," the silicon valley giant bought land in nevada. it stretches over 1200 acres. they might held a giant data center on the vast data -- desert tract. there is also speculation the land could also be used for testing self driving cars at high speeds. joining us to discuss is our bloomberg technology editor. who knew this was such a hot place to build out your technology companies? talk to us first about the data center element of this. this would not be such a new area of growth for google. reporter: google opens a new data center every one or two months, and they are always buying land ahead of time. that is a common practice. they spend billions of dollars a year on that type of thing. renog a data center in might be a good area. it is high desert, so it can be quite cool there. nearby, so they could see how things are going on there. caroline: of course, google, the cloud

the device. amazon is a hugely successful company. what does an upstart techace of a behemoth like that one? or against microsoft a few years back? what is the best route to compete with the company like that? >> the key is to find a place where you have a unique concept, product concept, and understand how it will fit the user, and try not to be in the place where the behemoth can logically and easily go. you don't want to be building something that would let her be -- would better be done as a feature of the market leader, if you will, as opposed to an entirely new product. unless you are interested in having your company acquired by the behemoth. if we look at how amazon and facebook got going, they had a unique product concept and jumped on it quickly and drove to critical mass. by the time that happened, it was far enough away that the s, microsoft or google, people weren't responding fast enough and these new behemoths can grow up. david: your dad worked for ford , and you drive ford cars. we have seen the ceo going back-and-forth between washington a lo

are the non-tech industries -- from thist to benefit meeting? heard something about automakers and the auto -- agricultural front coming from xi jinping. do you think there will be concessions on both sides of the equation here? lindsey: you know, i'm not sure how much you are actually going to see real deliverables out of this meeting. i think more than anything, you will see both leaders try to lay the foundation, set the baseline. they are going to make clear what their priorities are, which particular industries they care about, where they would like to see things done, and also i think from the trump administration, where they want to see china set a more level playing field. i think what they are aiming for in this meeting is to lay a foundation, and we are actually going to see more concrete what comes out of that in the months ahead. caroline: as part of that foundation, we had the scoop from bloomberg colleagues talking about the asian infrastructure investment bank, potentially an invitation to the united states to join that coming fro

momentum for the nasdaq is squarely in tech's favor. dn't have a better setup. read-through from alphabet's report, 50% increase is super positive for facebook. we know those are the two dominant players there. you know, facebook projections for about 45% groewth, and twitter rallied, and declining revenues. if facebook knocks the cover off the ball like amazon and alphabet did, i think that's setting us up the rest of the week here for strong rallies. risks, yes, there's pullbacks. we had it with apple, seems like sentiment sways. predicting that tom and bottom is a fool as ere rand. i'm not doing it. look at the long term trends and use any dips as accumulation points. >> is there any scenario, this is what i guess -- is there any scenario in which we sit here six months from now, and people go, oh, yeah, we didn't see this coming. i mean, whenever you have analysts on who are all the time going, you know, the trees, they grow to the sky and everything's setting up perfectly, i mean, it -- it always -- you know, you now have the five l

i was in the tech industry for a long time, and i see a lot of potential for tech to transform people'ssk you about the news of the day. president trump traveling to wisconsin. what is your message to president trump over how immigration has fueled the tech sector and affected innovation? >> as a ceo at microsoft, i appreciated the value of people who were not u.s. citizens and the impact they could make it, particularly in these high skilled engineering jobs. so i will stand by what i said. when i look at the broader set of numbers, the total number of people who come to the united states under h-1b visas is about 165,000 people a year. relative to all people coming under visas to the u.s., it is a relatively small number by percentage per i think 2.5 plus million come over all, 165,000 come on deck. if you look at where the visas are used, some of it is going into companies like google and microsoft, but some is going to outsourcing jobs. people who are on the front end of outsourcers, for example in , india. so, i think it is a complicated, broader question, but based on a relatively

how the tech community can help. some of the largest tech employers are starting to take interest in housing suitable for employees. >> we have a housing stock that is not growing in proportion to the number of people wanting to live in this area. it's hard for people who have lived here for a long time to continue to live here. >> housing is becoming more expensive, driving a wedge between the tech industry, where people are often well paid and the long term members of the community. >>> a fire left many victims without anything. >> up next, the latest on the efforts to find homes for those displaced. >>> rain on the evening of the masters washes out the competition for the first time ever. mark has the details in sports. >> first, a car hits a home and erupts into flames, we have the latest on this two alarm fire >> we have more coming up on ktvu news right after the break you're going to be hanging out in here. so if you need anything, text me. do you play? ♪ ♪ use the chase mobile app to send money in just a tap,

caroline: how will the tech industry be impacted? we are joined by lisa de simone, a professor at stanford graduate school of business. with us in the studio, tom giles. lisa, i want to kick it off with you. you have been working with tech companies. you have been looking at the impact of potential tax reforms. will this help tech giants? lisa: absolutely. i don't think there is a question. lowering the corporate tax rate is one of the biggest cuts in history ever. leaving more profits in the hands of companies. i'm sure they are going to be happier, and i'm sure the administration also hopes that, with that extra money, they will invest more, whether it's in innovation, research development, tangible, fixed assets, or even human capital, increasing the number of jobs we have here in the u.s. caroline: certainly, tom, looking at the $2.6 trillion of cash held overseas, tech is a large holder of it. tom: the biggest -- the companies with the most cash overseas, alphabet, apple, microsoft, oracle. the list goes on. these are the compani

[laughter] >> silicon valley may be home to some of the biggest tech giants in the world. but it is being challenged like never before. crazy tech geniuses have popped up all over the planet, making things that will below your mind. my name is ashlee vance. i am an author and journalist, and i am on a quest to find the most innovative tech creations and meet the beautiful freaks behind them. >> ashley: science says that the atacama desert is the driest play in the world. the desert plateau is about 10,000 feet above sea level. the days run extremely hot, and the nights get extremely cold. it turns out that this hellescape is the perfect place to build a telescope. between the high altitude and the lack of moisture in the air, the view of the stars is practically unobstructed. i am headed for the atacama large millimeter array, a.k.a., alma, the largest astronomical roject in the world. >> so we are just 500 meters now from the top of the site. i do feel a little bit ight-headed already. ashley: the telecopies sit at early 17,000 feet, the same as everest's base camp, so it

and a top internet entrepreneur in china says the capital is pouring into the tech sector, maybe evenit is like hundreds of companies being traded. david: this is bloomberg. ♪ ♪ >> this is good news for france, europe in the global economy, because france is set to embrace european targets and renew the european agenda. >> do you think this could mean reforming the european union? could this mean a more integrated eurozone we have seen before? >> more europe is needed, not just for the monetary union, which is a pillar of integration, but also to reassure citizens about growth and jobs, something europe has not been delivering well recently. >> what do you think about the prospects for brexit? cronwould you imagine ma is different? >> i imagine it would be unclear terms. -- on clear terms. a --urope will reach position with brexit. david: that was the entire finance minister discussing the impact of the french election with bloomberg. while result in france where thing is mostly positive for the future of the european union, turkey's attitude is becoming more negative. in an interview

one, the mainstream component which is banks and credit unions. is alternative, tech casters, payday lenders, pawnshops, rent pawn shops, rent to own shop, there's a whole set of them as their growing. the third is informal financial services which are not on the map of policymakers but their use by many americans. >> you talked a little bit about how people think some of these alternative providers are quote unquote bad. say more about why you think that's the impression and it may be true but put a finer point on that when i started doing this work, i was reading about financial services and many policies had blamed the issue of federal deposit insurance corporation which out every two years the survey of banks and on bank household and they were looking, creating looking at banks and under banks. banks being households that use a bank account and do not use alternative financial services on banks being those people who had no bank account at all. under banks being people who have a bank account but rely on alternative financial services the message of the policy re

enough to maybe get a week cold front and the tech wet. then it dissipates by the afternoon. we will look for partly cloudy skies. tonight, a chance of a few light showers in the north bay. increasing clouds for everyone else on monday and tuesday. temperatures remain on the end usually coolly side. and rain moves in tuesday night and wednesday. not nearly as much rain as we had last week. nevertheless, a system will come in and give us more rain. tuesday night into wednesday. heading out partly cloudy skies to fresno. the numbers in the 40s. san francisco partly cloudy skies tomorrow. the weather shouldn't slow you down. unless the week cold front produces fog but it shouldn't. as we look around the country, seattle has rain and 49. chicago thunderstorms and 73 tomorrow. new york is sunny and 76. overnight lows tonight will be mostly in the 40s. not as bad as last night. with the insulating clouds, we're relatively mild. tomorrow some spots above average like san jose and some spots below average like san francisco. 60. in the south bay the numbers will be in the mid-60s. in

the repatriation of that money for the u.s., we don't know what that rate is, how does that affect the tech companies in. >> i think right now uncertainty remains, however, it's the clarity coming in a positive direction, the fact that there's going to be a tax holiday goes well for the tech companies. you're going to see the cash come back to the u.sand it's going to find its way from the company's to shareholders pockets in one or three ways, increase buyback, 10% increase for buyback, you're going to see an increase in dividends, tech companies aren't traditionally known for dividends and last but most importantly you will see boom in m&a, that cash will be put to work to make acquisitions. lauren: start-ups are going to feel good. thank you for your time this morning, stay was, we will see you in a bit. >> all righty. lea: starbucks sales online sales is good, but starbucks had 29% of the sales came from orders digitally prepaid online or through mobile app but the success of mobile order caused line lines and clients left when they saw lines. stores missed a -- missed expectations. lau

executive order also tightens rules for awarding h-1- b visas to skilled foreign workers workers the , american tech industry heavily relies on. employers say these visas are crucial because they fill in skill gaps in the american workforce. each year, 85-thousand these skilled worker permits are granted. petitions for those h1b visas -- by the way -- are on a steep decline. for the first time in years applications have get below 200,000. those are a few highlights. we'll be sure to keep watching. >> next, what's 55-miles across, comes in 68-thousand varieties, and can be seen from space? soledad: earth day is being observed this weekend -- at a time when environmental issues have become contentious. even within president trump's administration, there's a split over whether to accept the scientific consensus on climate change. the white house is considering pulling out of the paris climate change agreement backed by nearly 200 nations over a year ago. but here's a bright spot, nasa is marking earth day by asking people around the world - not just americans - to adopt one of the pieces of planet 64,0

caroline: how is technology making the difference? to techstarting show slightly better numbers when it comes to females in the workforce, but clearly still evidence of sexual discrimination when they are there, and black and latinos in many companies seem pathetic. systemic problem that started decades ago when they companies became successful and they were started by white men and they made money to invest and other white men. it is an epidemic of power matching. it is something that has happened to women. it has happened to racial and ethnic underrepresented people of color, two people who are lgbtq, every group that is not part of that founding set of fathers from silicon valley, so had to change that culture to make sure everyone is included come and not just a few more women or black employees him of it making sure you are getting the best employees for the job and giving them the opportunity to do their best work? someine: are you holding startups or technology companies in the light to show the way things can be done? >> there are som

i'm a big fan of tech, i was in the tech industry for a long time and i see a lot of potential for techue to positively transform people's lives. david: let me ask you about the news of the day, president trump traveling to was not expected to sign executive order dealing with h-1b visas, important to the tech industry. what is your message to him about how immigration has fueled the tech sector over these last few decades, and are you within that system needs to be reformed? of ballmer: as ceo microsoft, certainly i appreciated the value of people who were not u.s. citizens and the impact they could make, particularly in these very high skilled engineering jobs trade i will stand by what i have said, when i look at the broader set of numbers, the total number of people who come to the united states under h-1b visas is about 100 65,000 the year, relative to all people coming under visas to the u.s., is relatively small number. it's 2 million who come overall and 165,000,. if you look at where h-1b visas are used, some of it is going to companies like google and microsoft, but some of it

we saw it in the tech bubble, in the bubble 50 years ago. >> you are not saying that. >> >> they arefficult to find things to buy. >> but that is good, because it exercising -- the awareness. ♪ david: still to come, more of the week's most compelling interviews, including a conversation with alan greenspan. the prime minister of turkey top internet entrepreneur in china says the capital is pouring into the tech sector, maybe even too much money. >> it is like hundreds of companies being traded. david: this is bloomberg. ♪ ♪ >> this is good news for france, europe, and the global economy. france is set to embrace european targets and renew the european agenda. >> do you think this could mean a reforming european union? if you imagine you have macron, could it be a more integrated eurozone than we have seen before? >> more europe is needed, and not just for the monetary union. it is a pillar of integration, but also to reassure european citizens that europe is about growth and jobs. something europe has not been delivering well recently, on. >> you've got the british negotiating with m

the innovation. your viewers are all tech savvy. they get it. ouble is -- we are right next to mar-a-lago where you don't have, this has become trump territory, and people don't want to listen. they are feeling left out and feeling disenfranchised. we need to figure out how to equalize. we need to offer the same technologies to everyone to educate them, inspire them motivate them to be part of this , whole thing. the we make sure rebalance the dangers of technology. with robots, it is good. if we have robots serving us, cleaning up, it is good. when they take our jobs away, that's bad. this is what we have to learn. caroline: do you advocate things such as the universal basic income, do you advocate taxing robots to supply a safety net for those who do not want to be retrained? vivek: universal basic income is a critical ingredient. taxing robots does not make sense, because i could have my dishwasher be a robot. are going to tax my dish washer? whether we are ready or not, jobs will be eliminated. a lot of talking to go into, how do we transitio

from the tech perspective, the neat thing about tech is there's a sector with a whole place about the traditionally delivered two, three times the growth, and that's just not an opportunity investors get very often, so, you know, you have core building or fundamental blocks in tech today. there was software, semiconductors, internet. from what it sounded like, they are all delivering good numbers, ultimately what makes the stock go up, and i think it gets you a premium valuation over the rest of the s&p. we like that. >> good way to frame it. we have the seminumber right now. let's get to the the earnings alert on intel. dom? >> headline numbers going forward for intel. we have an earnings beat, narrow one, 66 cents a share. analysts looking for 65 cents a share. revenues could be called in line, 14.8 billion, and street looked for around 14.81 billion. also combing through at least unusual parts of the earnings so far, we do have the company's ceo saying that they saw some average selling price strength, they saw across nearly every segment of their business demonstrates continued de

the top ten. and that's partly because factory floors are going high-tech. that modernization means new skills are required to operate that machinery. morgan brennan looks at how companies are training workers for the factories of the future. she's in gross city, pennsylvania. >> reporter: technology, the adoption of automation, 3-d printing and digitization, transforming factory floors. and with them, job descriptions. take general electric, ge's been on the forefront of the trend. sensors, and robotics. ge workers here at this pennsylvania facility use data to access locomotive engines coming in for repair. that's a process that allows them to target specific parts, rather than do full teardown, which is what used to happen. this shift involves transitioning from paper to the cloud. as employees scan bar codes to create a digital thread of a machine. get acquainted with algorithms and use devices to complete tasks once done by hand. the ge transportation chief and architect behind the new factory model said it's creating a demand for skills that you may lea

the tech killer for the first time. first we start off with a sell-off on wall street. check out the dow falling as much as 1 forepoints at the lows before recovering those losses ending the day down 113 points. in the sea of red, thanks to goldman sachs down 5%, continuing the pressure we have seen on the entire financial sector in the last month. so the decline in goldman today, it has given up nearly half of its gains from highs made just last month. the ten year getting its low since november. slightly above that 2% level. guy. >> i got to be consistent. goldman sachs, karen as well, correctly so. i sort of got on board right after the election, goldman was mid-1 '80s and my argument was, you know, with all the trump agenda, all the rhetoric going on, people are waiting to see if it happens, they will get ahead of the stock. it traded well, it traded north of 250. i thought once it went through the october 31st, 2007 high of 250 and change, this thing was headed to 300, 1.8 times a tangible buck. guess what, it has

we saw it in the tech bubble, in the nifty 50 bubble 50 years ago. >> you are not saying that.ying it is difficult to find things to buy. >> but that is good, because it implies an awareness. david: still to come, more of the week's most compelling interviews, including a conversation with alan greenspan. plus, the prime minister of turkey is getting fed up with the e.u., and china says the capital is pouring into the tech sector, maybe even too much money. >> it is like hundreds of companies being traded. david: this is bloomberg. ♪ -- ♪ i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. ways wins. especially in my business. with slow internet from the phone comp

the "best of bloomberg technology." you all our top interviews from this week in tech. e fcc chairman out with plans to kill net neutrality. he joins us for an extended interview. what a week for big tech earnings, alphabet, amazon, twitter, all the highlights. , dropbox hitsoop a key milestone on its way to ipo, an exclusive interview ahead. first, this week saw a showdown in washington, the net neutrality debate. the fcc chairman unveiled his game plan for rolling back neutrality rules. democratic015 by a majority fcc, net neutrality rules prohibit internet service providers from favoring or discriminating against online applications, content, and services. "it makes no sense, we cannot keep the promise of net neutrality openness and freedom without the rules to ensure it." this was the reaction from senator edward markey. with the fcc chairman from washington, d.c. will be a political debate that will engage millions of people, but we will focus on the facts and laws. americans by and large believe but oneen internet, infrastructure investment, the next generation net

it's up, up 20 o%, but if you think about how the tech world looks right now, there are the companies in social media like facebook, amazon, you can say netflix, they're tech companies that facebook consumer, sales force faces businesses and the business world is growing on a software sod. we think it has at least 20% growth for the next several years. >> jb, we're looking at facebook b is having a great day today. the day after their developer's conference. les than a buck away. where do you go in tech? >> i think the chips and just purely from a technical standpoint, intel had been wrestling with the 200 day and now, it is above and building strength since it's got above that level and the tok is a buy. take a look at nvidia. i've been long this name for a long time, but now after the recent struggles. >> and downgrades. >> so now, you've got to gret set up. below 95 if you're a short-term trader, you're out. that's your risk. very well defined at this point. above 95, you could be long this name all day long and i think there were a lot of areas, look, in semiconductors, melissa, s

the screen. we are seeing energy and tech leading the way. that drive.gs 6 million shares in the first quarter, that is certainly helping. chevron is cutting their way to a profit. they are cutting expenses by 14% to get a three-year high in profit there. i mentioned tech. let's go to the nasdaq. it has to be amazon. an unprecedented 20 year double-digit growth. no signs of that slowing. they may top apple in terms of year-to-date performance. i wrap up by mentioning apple is mostly unchanged today. you are seeing qualcomm down sharply today. >> thank you for that. enterprise data company went public today on the new york stock exchange, one of two tech ipos priced at $15 per share. this one is based in palo alto. including storage, access management and security. on the floor of the new york stock exchange with tom riley. >> a busy day for ipos continues today. shares above the market's, managed to raise $225 million. how are you feeling at this >> we are feeling great. it is so great to be here at the new york stock exchange, one of our cus

the lands grab. jeff bezos is quite successful. >> tech, i have one of the biggest tech clients, he says, carter, i own a big defense contract. those are the biggest tech guys of all. they're building a missile. there are many ways to get tech without baseball and so forth. >> despite the huge rally the trump master says it's time to hit the unfriend button on one tech. >> is it tech, facebook, consumer? a partner stock, it's a super cap name and it's come a long way. let's just start with a few things. so just to put it all in perspective, i thought i'd start with the top three winnings by sector in the s&p. what we know, of course, this is the gargantuan, right, microsoft and goog. p one, it's reaching -- there have been no time where it gets much more than 30%. keep that in mind. then let's look at a few things, two oust four stocks, fang, the weight of these four is at 6%. if you have microsoft, and let's talk about facebook, first of all, fang, that group, are going to get to facebook, that group, top chart, those four charts broke out to a new high and yet they have not made a relative new high s

the nasdaq has been on fire this year as tech stocks fuel the 6,000 level. up next, whether there are still opportunities in the tech stocks for investing. the power of innovative thinking. the power of 100 of the world's top companies. the power of an etf. the power of qqq. the thinking we put in, clients get out. power your client's portfolio at powershares.com/qqq. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. on a perfect car, then smash it into a tree. your insurance company raises your rates. maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $509 on auto insurance. call for a free quote today. liberty stands with you™. liberty mutual insurance. >>> half hour before the close. dow up a strong 234 points, s&p up 29, again, best performance for stocks since marc

find out how the virginia tech community is honoring the victim's memories tonight. >>> police say the person in this video was up to no good. what he was allegedly doing could have put your money at risk. >>> you're looking live at 30 rock. jimmy fallon is >>> you'll want to check your credit card statement if you used an atm in downtown dc on 8th street. the man in the surveillance video is a person of interest. employees noticed the device on friday april 7th. they called police who recovered the device. they want you to call dc police should you recognize the man in this video. >>> new a who assaulted two women over the past three days. the first incident happened thursday night as the woman was walking on kenelworth 34th street and then tried to sexually assault another woman on nearby 34th street and had a knife and grabbed the victim. he ran away when resisted. >>> tomorrow ten years since that horrible day at virginia tech. 32 people killed during the shooting rampage carried out by mentally ill student. a show of pride at the campus today. the community turning out in huge num

they just for the four big tech giants. big increases. ople have been arrested in connection with the anti—terrorist operation that happened in willesden where one woman was shot and injured by armed police. the deputy assistant commissioner announced that this morning. this follows an arrest yesterday of a 27—year—old man who was arrested near the houses of parliament as part of an intelligence led operation. as we we re intelligence led operation. as we were saying that six people have been arrested. more throughout the day on the website and the news channels. and now let's get the inside track. would you like to fly around in yourcar? this week, uber said it plans to test flying cars by 2020. the rise of artificial intelligence — the latest example is an app that will be better at medical diagnosis than a human doctor. at least that's what its developers claim. rory is here. i have a feeling about why this is all happening for the peter teal said something a few yea rs peter teal said something a few years back. he said we were promise

the non profit group spur held this forum yesterday in san jose. it was called how techging on housing. organizers say some of the silicon valley companies are starting to take an interest in suitable housing for their workers as well as for the community in general. >> we have a housing stock that's not groiing in relationship in pro portion to the number of people who want to live in this area. and so we have -- it's harder and harder for many people who have lived here for a long time to continue to live here. >> now as more tech workers move here to the bay area housing becomes more expensive. it also drives a wedge between the people paid in the tech industry and more people just struggling to make ends meet. finding a way to bridge that gap was a big part of that forum. >>> a new high end asian market. for the grand opening of the h-mart grand opening. as ktvu's asem -- azenith smith reports. >> reporter: the korean market eager to be the first to step inside the h-mart in the korean area. >> there's a lot of korean barbecue places but there's not as many korean ma

money. >> yeah. >> tech ceos on the board. there's a lot of tech ceos involved. >> san francisco, the tipping poupt is raising money from wealthy families and giving to people in the need. the boys and girls club of east palo alto, they had just erik wiener of who's who. they do a phenomenal job. their ceo is a harvard grad and knows how to pitch the donors. food banks have done a good job. they do a phenomenal job, but there are a lot of nonprofits who are struggling to connect. >> it would be hard to understand if i'm running a small nonprofit, it does something important. how do i even get into facebook to get -- how do i talk to millionaires? where do i find them? how do i talk to them to get thundershower money? >> we have millionaires and billionaires living in neighborhoods that may be a mile or half mile from neighborhoods where you have a high percentage of kids who are homeless or sleeping on couches. someone recently told me up to 40% of the kids are technically homeless, living in multiple families per house

25 largest cities in high-tech in the world. 2016. how our high-tech sector is working. [ applause ] i would like the world to see what those unesco ambassadors saw, what a lot of people in this crowd saw. our roots and our history and our holy sites on one side and the connectivity to the future and making a better world for the benefit of all people from all over the world. this is something we'd like to showcase and share jerusalem with the world. [ applause ] >> that brings me really to the last question i have to ask you. fairly briefly. you know, the traditional gift for a 50th anniversary is gold. of course, jerusalem is known as jerusalem of gold. so on the golden anniversary of the city's reunification, michael, let's start with you, what wish do you have for the city's future? >> i think jerusalem should be viewed by the people of the middle east and not only by the people of the middle east as an example of what can be done. not what can't be done. you know, whether i'm conducting diplomacy in the prime minister's office or

the we were talking about difference between the nasdaq, the tech boom now, and the one in 1998 throughverything-tech, companies, tons of enthusiasm. into his as him giants of the field. -- do not hear much about mid-cap and small-cap. >> when you pull up and s&p chart you pull up the big gainers to explain the performance. they have the most effect on the broader market. 2000,ally leading up to you can say valuation is not the best short-term predictor. if you look at where we are on the s&p compared to where we com bust, you would have missed out on a lot of gains. out the bestlled performers in the s&p 500 of the past five years. netflix, it in city a, southwest airlines, broadcom. blistering gains. --you do not buy into those >> there is a lot of focus on but have you predicted these top five companies heading into such great performance? joe: i would not have predicted southwest. scarlet: thank you so much. tutor -- thenaire industry far back. why they are fighting over risk parity funds and volatility. this is bloomberg. ♪ scarlet: it is time for the bloomberg business flash, the

they were disappointed, pressuring the stock in initially late day trading. >>> lots to talk about. let's turn to dan morgan with more on how big tech names and the results might impact today's record-setting nasdaq. he's manager at sinova trust. nice to have you, dan, welcome. >> thanks, sue. >> the nasdaq sets a record high. there are those who say the nasdaq is looking a little frothy. others say it can power higher. how do you feel? >> we look at the nasdaq compost, it trades about 33 times earnings. s&p is 21 times earnings. but if you look at expected growth, sue, going into this year, nasdaq is like 53% compared to the s&p 500 at about 11%. so i think that the multiple commensurates the expectations in terms of earnings growth. the other point is, you have to remember only a thousand points above where we were in march of 2000 when the nasdaq hit 5,000. we're not that much higher than we were 16, 17 years ago. >> what's driving the nasdaq? is it the names like the ones that reported today, the alphabet and amazon? or is it ones that fly a little bit below the radar screen? >> one area that, you know, wasn't on the platform to