google in china. purely thinking from the point of view of how useful google is and the fact that people in china areniversally study abroad. they depend heavily on google even despite the fact that it is blocked. that i just think at the end of the day someone is going to figure out a way to solve whatever issues exist to bring all of this innovation to the people in china. emily: how satisfied are you with the pace of innovation at android? hugo: i'm quite happy. i understand how hard it is to make progress. when you are supporting hundreds around the world, i think android is entering a new phase by expressing itself through some of the different screens in different types of devices. there is basically an entirely new and completely unexplored galaxy of possibilities here. emily: google doesn't make money off of android. it is not doing well when it comes to mobile advertising. xiaomi have built business off the back of android. do you think making android open was the right call for google? hugo: i think having it as an open platform, it was the only call google could have made on this. it would

a social media rockstar, superstar did a simple post and said hey guys, hugo barra is joining us from google, we have to give him a name. people went crazy. everybody started suggesting names. i had no say in it. you are tiger brother. emily: when are you going to start selling phones in the united states? hugo: i would tell you if i knew. but i don't. we don't have a set date yet. selling phones is a big step up. it is a huge marketing undertaking. you know, building a smartphone brand. operationally it is complicated. you have to have after sales set up, customer support set up, customer support said up. it takes a huge amount of work plus localizing the hardware. we are going to work our way to that but we're not quite ready yet. emily: are you saying you will someday? hugo: of course. emily: what will it take? hugo: a sizable team to manage the process operationally, certification, ongoing engineering help. and so on. emily: months away, years away? hugo: no less than a year plus away. potentially much more than a year away. emily: you spent a long time at google. google is blocked in ch

from now. adove google for turning dollars into something useful for community.ly: we also have google ventures. bill meredith is running the venture arm of the company. he talked about lifetime investment. take a listen. we puttart with a team, 36% of our capital last year into life science companies. the goal of those companies is to help people not suffer from diseases. not die of congestive heart failure, or cancer, or the sorts of things that affect lifespan. emily: ryan, can you give me a better idea of how they are extending human life. ryan: how is looking at the disease itself. what is aging? it is gradually the onset of disease is that kill us, cancer, alzheimer's, cardiovascular disease. once we started tackling these diseases -- lifespan should start to prolong. it is about 120 years currently for the normal human lifespan. if you look at other areas where i am sure google is involved, and researchers are also in that space as well, organogenesis, failing organs where they can be replaced and built. emily: you have been inside google x. what about the

us from san francisco. netflix, facebook, amazon, google, apple, the momentum billionshey have seen of dollars in their marketap erased this morning. important timen to separate the wheat from the chaff. they have not performed fabulously. companies like netflix and amazon are virtually profit free at any given quarter. they are trading at a norm is valuations with expectations of fantastic growth and no desire or necessity to show profits. those have been the momentum stocks. off,ee all of them selling but among all of the big tech stocks out there, the biggest seller of has been netflix because it has been a source of cash for investors. they recognize that the market has been willing to bet that stock up into this bull market. you also companies like int , a big change in their business model and moving away from their quickbooks program. a stock specific story. in a market selloff like this, whatever bad news may have come into the stock on any given day is going to be a lot worse on a day when the market is tanking. netflix stock is still doubled since the start of the year. even with today's move and fr

google wants to help with a system that uses gps from car's navigation system. a bump sensor added to participating vehicles to detect and map out potholes. google says technology would create an entirely new database of road conditions for departments. >>> 4:56. a bay area company selling a product called just mayo has a problem. regulators say it's not actually mayonnaise. hampton creek's just mayo doesn't have eggs so the fda's issued a warning letter to the san francisco company. letter cited several violations including the company's misleading branding. it's not the first time hampton creek has had an issue with vegan mayo. last year it was sued for false advertising and for fraud. >>> something to think about before visiting a baby in the neonatal intensive care unit. make sure your clothing is clean. a new study found 4% of swabs collected from clothing of nicu visitors had detectable traces of rsv, almost everyone gets it but it can be deadly for premature babies. most studies are -- more studies are needed to determine how long rsv remains infectious on

what they haven't told us yet, here's the location of this from google street views, i believe. what they haven't told us yet is how badly injured the people are, what's the status of the police officer is and what's the status of the standoff. >>> still ahead he says he is not in a food fight with donald trump. but jeb bush is doing everything he can to take a bite out of the frontrunnerer's lead. first putting a positive spin on the war against isis. did someone cross the line to make the administration look good? the promise of the cloud is that every organization has unlimited access to information, no matter where they are. the microsoft cloud gives our team the power to instantly deliver critical information to people, whenever they need it. here at accuweather, we get up to 10 billion data requests every day. the cloud allows us to scale up so we can handle that volume. we can help keep people safe; and to us that feels really good. boy: once upon a time, there was a nice house that lived with a family. one day, it started to rain and rain. water got inside and ruined ever

from apple pay and google wallet. it gives them a $5 million violation. they plan to use the money to keep expanding in europe.hat is the focus of the new initiative announced by defense secretary s and carter. it will receive $171 million funding putting $75 million from the department of defense at self. emily: dr. thompson, thanks for joining us. you are going to be running this center. you have seen a lot of technologies developed over the years. you have probably seen changes between the government and silicon valley. it may some examples of where we will see what you are worth e.on in military applications. putting a thin-film film of electronics all over an aircraft wing. you stick it to the outside of their left-wing and it measures stresses in the wing. you look at the plane and the wing flaps. emily: when light we see smart -- when will we see that? >> the air force brought some wings with that stuff on it already. emily: they talked about incorporating sensors into some military uniforms. what can the company like apple contribute to this customer every company does different things. they do not tel

will oversee all of google's individual businesses and cornet operation is separated from other ventures. google ceo larry page will become alphabet's ceo. mellody hobson is with usrom chicago. what is going on with google? >> i hear this is in keeping with larry page's vision for google to be the berkshire hathaway attack. that is a reference to warren buffett, of course. the conglomerate of businesses that he is so successfully run. >> it's so interesting, because we know that nearly all 66 billion dollars in revenue from google is from the advertising search youtube portion. then a whole other section of google that are these moon shot projects, the future, right? the driverless cars. what will this transparency mean for wall street? >> well, wall street is going to really like this transparency. this company has been under some pressure of late because the google part of their business is generating great process. it's been great revenues. but those are being sucked up in some ways by at least other businesses and wall street has not had that transparency. you'll also greater accountability because those managers will now be on the line to prove that these fl

from now. adove google for turning dollars into something useful for humanity.ly: we also have google ventures. bill meredith is running the financial arm of the company. life science investments. take a listen. bill: we start with a theme and with 36% of our capital last year into life science companies. the goal is to help people not suffer from diseases or die from congestive heart failure, cancer or the things that affect lifespan. emily: can you give me a better idea of how they are extending life? ryan: how is looking at disease itself. what is aging? it is gradually the onset of diseases that eventually kill us. alzheimer's, cancer, cardiovascular disease. once we have cured these, we should start to prolong. it is about 120 years currently for the normal human lifespan. if we look at other areas where google is involved, organogenesis, failing organs where they can be replaced. emily: you have been inside google x. what about the other moon shots? how successful have they been? brad: it is a mixed record. google glass was probably the one that got the mo

spoke one-on-one with our business and tech reporter, scott budman who joins us with the story from the newsroom. >> google more than half of the world's search queries and lately a lot of them have been about politics. does the company have the power to fix an election? one researcher says yes. >> enjoy. ready? >> we're inundated about political campaign news and we get it from different sources. >> cnn. >> the news networks. >> google it. >> if you google the presidential news, a recently released study claims the search engine could swing the election one way or another. >> they favor one candidate. >> dr. robert steina research psychologist at the american institute for behavioral research and technology told us that google can manipulate search results to sway online users and the way they vote. >> we are trusting this one computer program, this one search engine, this one company, we're trusting that they have gone through every single possible web page and they come up with a best ones and put them in just the right order. >> but are we being swayed when we google? the company says no. google says i

from right now? more and more people are turning to solar. >> we have a new tool that will tell us if it's worth it in our home. >> it's from google. you go online to something called project sun roof. ite going tell you how much power you can expect from solar panel. they'll figure out trees in the way, which way your roof faces. the tool bar will show you how much money you have to spend, how much you save depending on how you finance your solar panels. one of the most is through a power purchase agreement. you pay nothing much but you pay the solar company. the good news is your power bill goes way, way down. it's been fueling so much of the solar installation around northern california. buying the panels outright would save you a lot more money but it costs you a lot more money up front. about $15,000 for the average san jose home. the one place solar has not been successful is wall street. sunrun, the latest solar company still not trading. it's kind of a mystery. solar installation is expect to jump nationwide by a third but wall street hates solar. it turns out technology creates jobs. this according to a new study by consul

spending money on mapping is they feel they have to have over maps and not use what's being offered to them for free from googleact that they will spend something that consumers want -- might -- what consumers might want to sit down and have your favorite iphone experience on whatever, the fact that the carmakers are trying to imagine a different future that will cost them literally more than a billion dollars says to me that they are worried about losing business to google and they are worried about losing business to apple. they don't trust those companies as partners. mark: if they are concerned about losing business, does that mean we will see more of these map consortiums? cory: there aren't that many out there. google has there's an apple has theirs and nokia has been acquired by the three luxury carmakers. databasea tom-tom waiting to be had in holland and that's interesting. there is talk of a move toward an open source database. the mapping is so complicated and it requires so much continual work to improve and change as the roads change that it's a hard technological problem and only the giant compani

google now becoming part of an even larger company. kiet do joins us live fromntain view to explain the abcs of the new conglomerate. >> reporter: google even though it has a half billion dollars market cap is now a subsidiary of a new company known as alphabet. that makes alphabet one of the most valuable company on the planet. this took people by surprise. ceo larry page wrote from the start, we have always strived to do more and to do important and meaningful things with the resources we have. our company is operating well today but we think we can make it cleaner and more accountable." >> what this is, ising is building a larger company that allows the cofounders of google to start managing a much broader set of companies underneath them. so now they have stuff like these wacky science things they are doing not distract people at google but be separate companies that can do their own thing. >> reporter: now, along with google here are some of the other companies under the alphabet umbrella. google fiber provider of super high-speed internet. google x a high-

from mexico every year. where is the mexican google? >> programmer from india. >> another scam this h1bv they're not starting net scape. they're doing standard computer programming work the reason -- rmingts usefulhat's great. >> what is useful is to employer they can't switch jobs something this country got rid of 100 years ago. >> i think we should let more people in legally and there would be less sneaking in. >> but it depends who you're letting in. i want to let in -- no, no you can't play both ways here. >> all right rules are stacked. ferlg talking about how fabulous immigrants are i hear if google and papal. but now talking about admitting them you want them to do your landscaping fine admit once who are -- >> you're saying things that americans just -- don't say in polite company. >> glad you mentioned that because -- the reason americans are sensitive in your audience are such scaredy cats of being called racist sorry but you are -- is the reason we are sensitive so parking lot race issue is because how black americans are treated and jim crow both by democrats i might add. someone who never stepped foot in this country we don't owe anything to. black americans have a very specific his

us. our game plan looks like this, google anniversary, 11 years ago today, the stock went public, up 1500%. now our experts tell us where the stock could go fromck, the latest new social app backed by sir richard

us from san francisco. david, how do you take this move from google? significant as when all heard the news yesterday? i think it is significant. it depends on how they do it. i think it is significant both for the company's of ability to manage itself, but it's perception and its perception on wall street in particular. the biggest single problem a lot of these founders have who have these revisions, how do they keep doing these things so wall street does not slow them down for constant search results? now they can have this other stuff off to the side and play around in that, which frankly, i think that is where larry tate is most excited in the long run. these visionaries have lots of things they want to work on. emily, out in san fran, houses being received? outy: i just want to shout to david for patrick who was with us live on bloomberg west when the story broke. i was looking at it, thinking it was too big, too grandiose. and when you think about it, only larry page insert a grin could come up with something like that. it sounds dramatic, -- onl

. >> tell us where a company perspective, you just raised money from google ventures and when's the nexting going. >> so this round of funding is really about putting up all the things that we started over the last year. so we're now in 13 countries. many of those launched in last 12 months. a big drive in growth in the u.s. we launched in april of this year. we'll be pushing hard in all of those but we have loads of growth to achieve in the core markets in the u.k. and germany plus exciting plans for asia as well. so lots to do. but it's all with the core model. we haven't taken the funding to try to innovate around the model. it's about extending it into new markets. >> what's it been like working with google ventures which doesn't just provide funding but also entrepreneurship and advice and mentorship as well. >> that's the brilliant thing about working with google. our partner that looks after us there is a very successful entrepreneur. great guy to work with. the network is fantastic. they own one of the biggest if not the biggest digital advertising platforms in the world. they kn

us. >> it's tough to say in a debate who won and who lost. we can tell you from google search this americaning that trump and ben carson were the ones that were most searched in the process of this debate. >> that's a completely ridiculous answer. >> reporter: the biggest clash in the fox news channel debate was on national security. >> when you're sitting in a subcommittee blowing hot air about this. >> i don't trust president obama with our records and i know you gave him a big hug and if you want to give him a big hug, go ahead. >> reporter: and donald trump would not promise to support the republican nominee. he even got testy with the moderator. >> honestly, meagan, if you don't like it i'm sorry. i've been very nice to you. >> secure the boarder, enforce the law. >> if you wage jihad on america, then you are signing your death warrant. >> if one of my daughters happened to be that, of course, i would love them. >> the military is not a social experiment. >> how is hillary clinton going to lecture me about living paycheck to paycheck. >> hillary clinton who can't e

google wants to help with a system that uses the gps from cars' navigation systems. bump sensor would be added to participating cars that would then detect and map potholes. basically, you drive over the potholes and it alerts google. google says it would create an entirely new system for road and transportation departments. >>> uber is offering a new service. it's called smart routes. it's basically a carpooling service. it's been tested in san francisco. the two routes are in valencia between 15th and 76 and fillmore between the hait and az bury. >> that would be fun for the young ones. >> how young are thinking? >> college, dating age. hit a cab, and it's like a party. >> take us outside. >>> yeah. let's go outside. tonight on this tuesday, fog rolling into san francisco. if you're heading out to tonight, you'll have that fog coming on back. we'll talk more about hotter temperatures and a chance for showers in just a few minutes. >>> also, we investigate the green energy fee on your monthly electric bill. where is that money really going? mlio ofubl doars- fueleto

us are very simple. an appropriate for our market. we do no individual stocks, we do no options, we do not commodities, mainly mutual funds and annuities. you can't buy google from us but you can buy 700 mutual funds from top companies like invesco and legg mason. our household income is between $30,000 and $100,000 a year. there is usually two parents working in those homes and frankly all too often the homes are headed by a single mother. we strongly believe in retirement savings and our clients have opened 1.2 million iras with us. you can start one with prim erika for as little as $50 a month. pry mayor kau and even that amount is hard to find in the families that live find in the families that live paycheck to paycheck. what we sometimes say is, they have too much month at the end of the money. we provide face-to-face help with licensed representatives who live and work in the communities. these representatives begin with education. they teach the fundamentals of how money works. dollar cost averaging, time in the market, emergency cash accounts, that is all important. and oliver wineman's study just released found that advised individuals accumulate 38% mo

us about what this will mean for tech companies. because google has gotten to a certain size, it has gone from being a top line growth amazing story tosh flow generating grown-up stock and grown-up company. they've had to embrace different ideas about segment reporting at how they explain their business to wall street. particularly when they look at other stocks that have higher pes. they are doing better and creating more cash. i think this is an individual response to the desire to sort of explain their business better and trying get a higher multiple on their stocks through better segment reporting. paul, cory just said something that resonated with me. explain this to wall street. does wall street like the explanation? the early reading is yes. the stock had a good move coming out of the less earnings. driven primarily by the consensus that there should be tighter expense management. box, we reallyt do need to see some greater transparency on some of these businesses. if you continue to want to get shareholder support for ever-increasing capital allocations for some of these moonshot businesses that larry page really likes to foc

from apple pay and google wallet. it gives them a $5 million valuation and the plane to use the money to keep expanding into europe.ning now to flexible hybrid electronics. hub is made up of 162 companies like hp and qualcomm. it will receive $171 million funding putting $75 million from the department of defense itself. emily chang is with dr. malcolm thompson. emily: dr. thompson, thanks for joining us. you are going to be running this new center. you are the former cto of xerox. using a number of technologies developed over the years, probably seen the relationship change between silicon valley and the government. give me some realistic examples of where we will see what you are working on in military applications. >> imagine putting a thin-film film of electronics all over an aircraft wing. you stick it to the outside of the aircraft wing and it measures stresses in the wing. you look at the plane and the wing flaps. it better be flexible. emily: when will we see that? >> very soon you will see some thing like that, in the next year or two. there are some examples we saw in the announcement when the air force b

from google. i do believe we have roger mcnamamee back with us. roger, can you hear us? >> i can indeed. are you? >> we are doing great, thanks. your thoughts on this google move to have a parent company called alphabet and separated into two baskets. >> well, first of all, the really important thing for investors here is that this may lead to separate tracking stocks for the various businesses inside goggle, which would be a sensible move for everyone. and if you look at this, simply breaking things out, providing more transparency has some value but i think it's quite limited. but in the long run as the advertising-based internet businesses, which is to say search and youtube and all, begin to slow down they're going to have very different investment characteristics in the rest of google. they're going to be more than one kind of investor that's going to own google. you're going to see that value-oriented and growth at a reasonable price, investors are going to prefer the search. the, if you will, traditional google. and there are going to be other investors who want to get involved in

the meantime, shares of google having a nice day on the heels of the big upgrade from goldman which sees 31% upside potential. google raises its price target to 800. joining usbellini, managie ining director at goldm sachs. pleasure to have you back. good morning to you. >> good morning, carl, how are you? >> i'm good. we saw a lot of upgrades after that quarter, after porat. >> i think we have a better entry point to get into the stock after the selloff of the past week or so. >> how much of it is the amount it's coming in and all the internal dynamics, secular dynamics that you think are building within the company? >> i think there's a couple of things, the pull-back makes it more atrackive, they don't have any china exposure, they have a sound balance sheet. they have a lot of cash. there's a lot of positive reasons that the company is in very good shape. then they've got good secular backdrops and they have changes that they're making internally that the new cfo is spearheading. there's a host of those and we can go into more detail if you want. >> i would love to go into detail on the new financial disclosures you are hoping for from the company we saw

from our studios in new york city, this is "charlie rose." charlie: we begin with a conversation about technology. google and us he would reorganize as a holding company, the purpose of the new structure is to increase management dale and focus on its consolidated businesses. search, youtube, droid, and other internet products will be run by [indiscernible] will become the ceo of google incorporated. the other products will be managed separately, including google's investment arms, life science venture, and lab, google x,

us from zero to one? argue that for the last few decades we have been in a tech slowdown for facebook, apple and google, having not been active enough? peter: i would argue we have not done as much as we could have. we have less innovation in areas like biotechnology. not as much as one might like. transportation, we are not moving any faster. emily: one thing you tell aspiring entrepreneurs is do not copy mark zuckerberg, do not copy steve jobs, why not russian mark -- why not? peter: in some sense you cannot copy them. because they did not copy somebody else. mi: you suggested they come up with one very important troop. -- important truth. emily: you also suggest to come up with one important truth. something that no one agrees with you on, the best way to get -- everyone to believe in you? peter: i think there is a sense of if we were not doing this, no one else would be doing this, and if we created a monopoly in the good sense of an investor. that is the best kind of business to have. emily: you say that google is a monopoly. peter: it obviously is. they tend to focus on all these other areas. ebay has an

google has spelled out a new operating structure. >> tech giant is creating new parent company called alphabet joining us to tell us what this whole thing means is lauren simonetti from the fox business network studio good morning to you pink. >> so confused google, i got this e-mailed to me from google yesterday. i was confused like what are they talking about. this is what they're talking about, we talk about google as in everything company. we think about google as a search company that's the main business. moneymaker that's the chunk of it. but they also work on so many other things google at the venture, capital arm, calico health care company focused on age and longevity. driverless cars and internet balloons, and the drones all of those crazy moon shot ideas. list goes on. there are so many xeangs so what google is doing is reorganizing them changing name to alphabet that will house all of these different subsidiary when is we got their fourth quarter earnings report next year we'll see how much money each of the unites makes or loses investors losing this. google shares soaring that is good. but some are saying this really indicates two other things for googl

google, and facebook? >> what is fascinating about silicon valley is how quickly companies transition from being underdogs to goliaths. we are used to the trajectory of -- microsoft starts and it takes them 15 years to go from the upstart to the monolith. today, i feel like it was a matter of a couple of years -- facebook went from nowhere to being a dominant player. this kind of trajectory where people go from being at a perceived disadvantage to being suddenly saddled with all of the attributes of the goliath. now it has been sped up. >> the amazon-hachette war, you are published by hachette, you and your books got caught in the middle. how do you feel about this? >> it cost me a lot of money. that's for sure. it breaks my heart a little. i had thought of amazon as in partnership with writers. and for a company to try to make a business point by turning its back on -- i have sold, through amazon, millions of books. i have contributed mightily to their bottom line. i would've thought they would see me as an asset. me and other writers have brought people to their site in droves. and now they have turned on us. it is, to say the

now have you any plans to use the kind of robots that we saw from google, the humanoid robots, they reallyans. any plans to use that kind of thing? >> well, i think it's wonderfully sophisticated technology, but i believe just like the computer industry, it's going to grow. so people have -- you know, over 10 million people have adapted rum bas, drones now, there's over a billion dollars in drone sales this year, companies all over are adopting drones to do agriculture, construction, mining, port security, public safety, and robots are being adopted, and i think there's robots will get more is more sophisticated, but you create a cycle of revenues and profits and put those into the development along of what consumers needs. stuart: it looks to me the humanoid kind of robot, what we're seeing there from goggle, that's kind of threatening, isn't it? i suspect if you use the robot technology -- it's not threatening to you? no? >> i saw some reports describing it as terrifying but not -- no, i don't think so. i think it's really exciting. i think it's really exciting that the technology exists

us from new york, is the party that? >> there were a few pieces of good news. people were excited about google'sews and what that might mean. some of the fears about oil have been mitigated a little bit. it's ironic. a lot of people, including the fed, expected it to be a boost for the u.s. economy. people were afraid it was going to go further. acquisitiontt's signals the fact that there is activity that has potential to raise share prices. industrial stocks might be worth looking at in terms of value. , stanleyiece of news fischer, device chairman of the fed hinted that they might not move in september. that also boosted valuations. aside, it's things important to recognize that this was a difficult earnings season. they did rebound a little bit, but not enough to replace a strong quarter last year. ratios have been inching up. that's something you have to watch with a certain amount of skepticism. skepticism in the u.s. markets, what about the chinese rally that we saw? youhat something that gives a little bit of optimism? >> quite the contrary. has as stock market remarkable ability to searc

from what we know and what we recognize? >> there are two answers to the question. we don't know. google doesn't tell us. they keep all of the information about their segment reporting, what each individual business makes a secret. but we know that they make about 90% of their profits from advertising, which is the business where sundar is going to be the c.e.o. >> ifill: okay. so when you get your google screen up for your search with your google cood l or whatever else you find there, what difference will it make for the average consumer that the company is structuring itself differently now? >> so the average consume her not see any difference whatsoever. the google web site will be the google web site. the chrome browser will be the chrome browser, and android on your smartphone will be exactly the same, rub by the same people in the same organization. so for a consumer, it shouldn't be meaningful. the real question is will bit different for investors. will they get more information? will it be different for these other businesses, where they will potentially be unlocked and able to move more quickly.