ventures, and maha ibrahim, general pointer -- partner and can ventures. ♪ emily: in april of 2018,ou all were the cover of forbes magazine. this is space normally reserved for men, male billionaires, and this is the first time a group of women was on the cover. when you saw this, how did it make you feel? >> we were all in awe, months of work and frankly this point decades in the background conversations, and wondering whether our industry was finally going to be as diverse as we all wanted it to be. i would say that the first reaction we all felt was this level of awe that it was coming to the forefront. emily: aileen, it was about a year before that you wrote an email to 20-some female vc's and you had had enough. what was the spark that was the fire that got you to do that? aileen: when you enter venture enter tech, after being fortunate enough to go to good high schools and selective colleges, there are as many women as men in your undergraduate class and you wind up in tech. you look around the table and there are really no women, no people of color. it is this bizarre other u

it will go for high beta, high potential return, and that is venture.mily: you are on a lot of this these days, the midas list, how do you use that power? >> that is a great question. one thing is we made all raise happen. we decided to take some of that notoriety and influence and directed towards goals we feel are worthwhile. >> 2018 was the year where i realized that we collectively have reached og status. it is scary. it is sad. >> let's own it. >> to that extent, i am trying to own it, and with that owning or power comes the responsibility to make sure that we are bettering this industry, that we are making sure we have a class of junior people in this industry that are doing the right things with our founders and companies, etc. >> there is still so much opportunity. regardless the funding or economic environment. cowboy ventures is a start up. we are small and early, so a lot to prove. i have a lot to prove as a venture investor and a founder of a firm i hope will last beyond me. the opportunity we have, all of us, and many who are not here right

now go to the venture market so in terms of the venture market the overall stock market i'm very nervous as long as what we have what we see with the political and international scene we don't know if we have tariffs or taxes. >> and in europe. >> but if you talk to venture capitalist they have political beliefs but they are not at the front and they are funded with equity all they are concerned with is can i sell my product? can i raise money on the equity basis? i would say there is a continuation of strong venture market particularly and i do think the ipo market is back and we will see a lot more out there with household names that have been waiting in the queue for a long time. >> and to buy some very familiar names thank you so much alan patricof joining as happy new year. come back soon. up next the year ahead with a leading money manager. stay with us. . >> 2018 was your volatility can we expect more of the same in 2019? . >> that will be the constant. >> john gives maria his take when wall street returns. a business owner always goes beyond what people expect. that's why we buil

joining me to discuss, a partner at the venture capital firm nea, and the ceo of the national ventureiation, both from washington. the government shutdown happening in your town, delaying some of those ipo talks. now we are hearing that lack good for go it all in go to markets directly, but that might be a more difficult route for them. what is your take on this potential decision? >> well, i think for some companies like spotify, it's an opportunity. they have brand recognition and that is what a lot of companies look for when they have ipo. this gives another opportunity for a subset of companies to make it to the public market. >> is the shutdown impacting work in silicon valley? is it impacting any of your companies? >> you know, i don't think so, not really. it has only been a couple weeks and the only big impact is that are required to send companies public are not at work. downturn at the end of last year and anyone who was planning to go out on the first of january is the lane claims anyway. a lot of companies that are tee up for great ipos this year have really strong fundame

now i have my own venture capital firm. we also invest a lot in artificial intelligence. kai-fu: he was also -- interviewer: he was also the former president of google china. kai-fu: we are a technology oriented v.c. we try to understand trends ahead of the curve. we try to understand breakthroug hs and education and b2b software, we are always looking for chinese applications and new consumer uses. we focus on companies in china, primarily for chinese users. interviewer: why are you always looking for that chinese application? of-fu: our firm has a lot mba's with u.s. training. is thatntage in china we can use our technical towarddge to help us look the chinese future. that is our differentiation against our competitors. the reason we don't invest too is we arede china also a very local investment firm in china. we don't understand a lot about markets and other countries. overtime we would like to invest globally. born inwer: mr. lee was taiwan and educated at carnegie mellon. when you read the title of your new book, you can see the font sizes are getting smaller and sm

and now i have my own venture capital firm over the last nine years and we invest a lot in ai. >>host: he didn't mention as a former president of google china and what type of companies do invest in we are a technology oriented venture capital we try to understand the trend and stay ahead of the curve the largest investment area is artificial intelligence but also the technology area and also education business to business software and always look for new consumer uses and primarily from chinese users. >>host: why are you always looking for that chinese application? . >> our firm has a lot of us trading so with china our advantages were used hour technical knowledge to help us look to the chinese future the future of chinese market and technology that is our differentiation from our competitors in china. the reason we don't invest outside china as much because we are also a local investment firm we don't understand enough about the markets of the us and other countries. over time we would like to invest globally. >>host: born in taiwan educated at carnegie mellon the subtitle o

i'm sort of appalled at the venture capitalist. for them $20,000, $50,000 is probably what they spend on vacation and for us this is our livelihood. >> now she tells us that many people have offered to help them raise money via something like gofundme. she says she doesn't think the community should have to pay for the venture capitalist risk. we have reached out to both and neither very returned our request for comment. >>> facebook is in trouble with apple for tracking users including some teenagers using an app. the software gave facebook access to user data like web searches, location and private messages. facebook said they were transparent and wasn't violating any policies. apple said facebook was using research program meant for company employees only. >>> we are looking at the radar a minute ago and heading our way. maybe not so far inland. >> kind of interesting that the storm is hugging the coastline and will work its way north to south. those people out by the nut tree or out toward fairfield may not gate drop of get a d

emily: so pivotal ventures invests in venture capital firms.d partner or fund to fund, where you know these are the funds that invest in the people who are investing in the people creating the future, right? so, when did you first believe that limited partners, or the investors that fund venture capital firms, have a role to play here? melinda: we don't have enough women founder ceo's who are getting funding. so basically, let's than 2% of vc funds go to women. less than 1% go to women of color. so in this innovation space, i said to myself, what is the best way to use capital to move things for women? and that is when i started to say, ok, i actually need to move some money into the venture capital space. and i want to do it smartly. the first goal is to make money. i'm not putting my money out as a social impact. i am putting it out to make money. but i wanted to go behind funds, like aspect ventures that is run by teresa gao, and women who are looking at opportunities and they have a thesis around, my gosh, there are so many opportunities th

the project is being developed by a joint venture partnership. representatives from both partners are here in the room with us today. the transaction's fundamentals have not changed since mohcd presented to this committee in november 2017. the issuance is still conduit financing with no recourse to the city's general fund. the development consists of a mix of studios, one, two, and three consisting of 30% and 70% a.m.i. since we brought this resolution to you in 2017, the developer has secured all financing for the project, including tax credits, mortgage, and 34 ohcd gap financing, and they expect to close financing and begin construction by the end of next month. the project is expected to be complete by the end of 2020. so behalf of the development team and mohcd, i'd like to thank you for your consideration of this resolution and your continued support of this project. and i'm here joined by members of my development team and amy chan, and we're happy to answer any questions you might have. >> supervisor fewer: thank you. colleagues, any ques

people in the venture capital industry watching closely. venture capitalists are very resilient.e used to risk and uncertainty. year iny invested last portfolio companies is great for our country to make sure the next generation of new companies are able to grow. the last several years, we had 55 billion raised by venture firms that will start to be invested over the next several years coupled with what they had over the strong fundraising over the last four or five years. to me, they are prepared and they are ready. if there are market corrections, you will see the best and savviest investors being able to support the entrepreneurs that need it. >> are you concerned that if the volatility continues, that funds could dry up? billion, --ter $29 $129 billion, down is the only way to go. termswas a peak year in of money going into companies. we know a lot of this money went into later stage deals. you don't need time to market. you can wait to build strong fundamentals. we have seen that over the past few years and i don't think that will change. there has been a lot of money from t

now i have my own venture capital firm. we have run this for the last nine years, and we also invest a lot in ai. >> host: what he didn't mention was he was the former president of the google china. and what kind of companies you invest in? >> guest: well, we are technology oriented d.c. so we really try to understand the technology trend and invest ahead of the curve. our largest investment area is artificial intelligence but also any tough technology area, breakthrough potential areas and also in education, b2b software and always looking for chinese applications and new consumer uses. so we focus on companies that are in china, primarily for chinese users. >> host: why i always looking for that chinese application, as you say? >> guest: well, our firm has a lot of mbas with u.s. training. so in china our advantage is that we can use our technical knowledge to help us look for the chinese future, the future chinese markets and technology. that's our differentiation against our competitors in china. the reason we don't inv

selina: that was emily chang's interview with the general , ventures, andan cowboy ventures.atch the full episode tonight at 9:30 p.m. eastern, 6:30 p.m. pacific. that does it for this edition of "bloomberg technology." on tomorrow's show, we will bring you an exclusive interview with priscilla chan, founder of chan-zuckerberg initiatives to improve housing in san francisco. "bloomberg technology" reporte e streaming on twitter. follow our global news network @tictoc on twitter. this is bloomberg. ♪ haidi: australia markets have just opened for trade. evening, i amd shery ahn. asia --me to daybreak "bloomberg daybreak: asia" haidi: u.s. stocks closing stronger.

now, i have my own venture capital firm. we have run this for the last nine years, and we also invest a lot in artificial intelligence. interviewer: he was also the former president of google china. what kind of companies do you synovation?n kai-fu: we are a technology oriented v.c. we try to understand trends ahead of the curve. our largest investment area is artificial intelligence, but also any technology areas, breakthrough potential areas, b2balso in education, software, and we are always looking for chinese applications and new consumer uses. we focus on companies in china, primarily for chinese users. interviewer: why are you always looking for that chinese application? kai-fu: our firm has a lot of mba's with u.s. training. in china, our advantage is that we can use our technical knowledge to help us look toward -- look for the chinese future. the future of chinese markets and technologies. that is our differentiation against our competitors. the reason we don't invest too much outside china is we are also a very loc

log on and find out more about this new venture with the consul de asuntos culturales and find out whathey're doing to make sure that there's a collaboration between all latin american countries. thank you so much for sharing that with us. paula: thank you, damian. damian: thank you; we'll be back here on "comunidad del valle." stay with us. council of alameda county. with us is a board member of the council. hector topete is my guest on the show. welcome to the show. hector topete: thank you very much. damian: well, tell us first of all about the council, what you all do in alameda county. hector: so, we were founded in 1982, and since then we've awarded and fundraised over close to $2 million in scholarship to alameda county students. damian: and that's the goal is education and education access for-- hector: it's the education--our mission actually is to promote the value of education in our latino community. so, it's something that's very near and dear to me, because at one point when i was in high school applying to colleges, i applied to maybe 20 or 30 scholarships and everyone ga

the ability to start a venture capital from a hedge fund has diminished.nside the firms the stars are being paid a larger percentage of the toll. that's a little change for venture capital, historically speaking was democratic. it varies from firm to firm. we've definitely seen an increase in disparity per pay. it is widening. >> i want to go back to lawsuits, et cetera. i looked up the california law on equal pay by the way is dated in 1949, no employer shall pay any individual in the employer's employ, at wage rates less than the rates paid to employees of the opposite sex in the same establishment for equal work on jobs. seems straight forward. but companies are running into situations where you know i'm a reporter, we have other reporters, i don't think we necessarily make the same amount of money. but then again we have different skillsets, different time at the job. we have different job assignments. california companies haves thatd like this -- have to be very careful to make sure that they're paying everyone the same or able to explain why they're

let's use resources to expand the ports of ventured. this has to be evidence days. and those ports of entry need more personnel, nearly 3000 employees vacancies. and some of it is because they need more infrastructure to do their job, water supply and the rest. and then we talk about technology as i said several hundred million dollars ranges from half a billion to $700 million for technology to scan the cars coming through the port of entry and that is to detect guns. it's like an electronic with all. in other places along the border so it's about infrastructure, about some roads to go with it to facilitate trade, immigration first and foremost our security and to do so in a way that honors our values. i just saw a poll that said, which was interesting because it said you think -- what was the question? do you think that the law is consistent with our values? 51% said no and 42 or something like that said yes. this is about who we are as a country that we are able to protect their borders, our people and our values. >> what if they find another home on the hill? >>

and once again, female ceos get 2.2% of the venture capital that's raised. it is a pretty brutal existence. i'm a masochist. [ laughter ] so there is a line in this survey, this study, that i want to ask you about, alexis. and i understand, you guys are mckenzie and company so you phrase things in nicer ways than i do. but you say, we know that many companies are committed and taking action. how do you know that, and what gives you that confidence? because, again, we have been giving company data for four-plus years. you've mentioned later in the survey that 76% articulate a business case, but only 13% have taken the critical next step of calculating what that actual positive impact on the business would be. only 38% have even set targets for gender representation, just 10% when it comes to women of color. and how any of us who have ever been at a company think anything is going to happen without even a target set. like, where do you look at this data and think companies are committed to taking action? [ laughter ] >> maybe we should just get up and walk aro

. nervous and that is a key takeaway of a study led by ex- venture.cerns about how ai is being used in our lives, notjust with employees but with consumers as companies wielding this technology is important we retained trust among consumers and employees. these are the people using it and wielding a. it is important we understand their concern. with artificial intelligence there is nervousness among employees that they will lose theirjobs. absolutely. interestingly, our cto published a book called human plus machine. in it he identifies three jobs created to ai. thesejobs it he identifies three jobs created to ai. these jobs will be used to augment artificial intelligence and what we should be seeing in the future if we invest in the right kind of up skilling and reskilling oui’ kind of up skilling and reskilling our people transitioning to jobs in which they have more interesting things to do. rather than spending your time checking e—mail and doing mundane tasks, what if we were doing more intellectually stimulating things? that is where we hope it

a multi million dollar business venture which would have seen a trump tower built in the russian capita. specifically the president personally instructed him to lie by claiming that negotiations ended months earlier than theyey actually did in order to obscure trump's involvement. your move is widely seen as an attempt to limit the findings of the investigation into russian involvement in the campaign whichh is headed by special counsel robert muller. donald trump is often question michael collins credibility calling him a liar and a weak person. but in this case it is not a matter of cohen's word versus trumps word. buzzfeed says officials learned about the or views with multiple witnesses from the trump organizatation an internal company emails text messages have a cache of other documents. only vendor code of knowledge those instructions during his interviews with the special counsel's offic. buzzfeed news also reports that despite minimizing business dealings with russia trumping colin had more than ten face to face meetings during the prpridential campaigign. to geget the moscow pr

silicon valley bank is an investor, as well as microsoft and traditional venture capital. in fact, more than a billion in funding. now, a billion in funding, not to run your business, but rather to lend out. have i got that correct? >> we've financed over a billion and a half to small businesses today. >> and you're getting that money through places like citibank? >> citibank did not provide us capital. we have a warehouse -- >> of cash? >> a warehouse of cash, yeah. there's a term for a facility that we have, which we use to lend out money. we have one facility from credit suisse. >> why doesn't credit suisse lend it out? >> well, you noted we have several banks invested in the company. what we do different than a bank is how we underwrite small businesses. it is very inefficient for banks to underwrite small businesses. they do it very manually. we do it completely different. for us, the fractional cost to underwrite a small business is almost zero. >> it's essentially done on the iphone, right? >> well, we use a lot of technology. >> well, on my end. >> on your end, yes

. >> read it is a business and it is majority ban --dash with the venture capital more than a billiondollars. it is beholden to venture capitalist and has the challenges and steve has a mandate from his board to reach a billion users and his salary is tied to that. and so you have to question what they want to be. and from the executive team they want to be friendlier to new users to a brighter shinier cleaner reddit because now you have this anarchist. and rough around the edges that doesn't necessarily jive and to be photoshop. and with user growth to where people feel comfortable that there is so much misogyny in the past from that video game that they loved. >> and with the notion of the end of september and every september to be daily used with those that have those protocols and community standards and it is horrible there is a rumor wake me up when september ends was written about of that reoccurring phenomenon. and with the billion users and then to make it easier to use. and those that have been with reddit for so long that and then where they learn those rules and norms. >>

venture is in a much more critical situation. you have small systems with unchecked power . >> unregulated, they don't think they need critical mass but they've relied on this thing. is the intention but i don't see results of. we need limited partners to step the up right now . >> i have nothing more to say that the top that. as a woman raising money . >> we will go to audience q&a right now. just a friendly reminder, let's get as many questions as possible so keep the question short and ending with question marks. and the men in the organization currently doing ourselves a disservice assuming people don't new legislative should we be more assertive? >> that's a great question. great question, great i certainly wholeheartedly agree that in many cases boils down to culture and the type of expectations and norms that you get in an organization, we certainly see there's a flywheel in that can be positive or negative and in companies where this is rampant behavior, very often it's because they have cultivated a unintentionally, a cu

he has worked as a venture capitalist and business professor. decide toy did you run for office? >> very simply because i love my community and thought it needed a change. fifth generation resident, my grandfather came out on a wagon upin in surge of gold, came short to be a peach farmer. my first job was paperboy for the local newspaper. when i saw issues i care about most -- health care, immigration, jobs -- my community was being left behind. i wanted to fix it. >> did you get ahead -- how did you get ahead of the incumbent? >> health care was our strongest arrow in the quiver. i could not hold my baby brother when he was born for the first time because there were all these tubes coming out of and in the intensive care unit. he came out with a health care bill 104 pages long. luckily we had insurance to take care of it. now he is a healthy local college student. my brother would not have insurance until he was 65 and on medicare because of my congressman's vote to repeal the affordable care act. there are 100,000 people in my district with the same story. 23 million americans

i think united has the new foe of amazon and the venture and traditional competitors.e stock for 11 years now and they've built truly a platform of insurance for the eunited health care, optum, that's helping them grow share. their expanding margins, moderating trend, they're growing in the teens to 20% eps, double digit on revenue growth >> sounds like they have nothing to fear. they'll hand that over to abc as it's been called and must feel this could really do them harm >> i can't pretend to know the legal details but no patent protection or period of exclusivity and they have a secret sauce and everyone is trying to figure out what it is. trying to hire senior people from united. there was some buzz in the media that the venture said that i separate from amazon but hard to say here, right? and they have deepest pockets. they can get the essence of the strategy it's about organization, implementation, a whole bunch of things but i could see why they're concerned. >> while you're here, i wanted to ask you, reports today there's a drop in the number of insured america

bleak, thethony van ing head of finance are in a quick look at his blockchain oil venture. >> this is energy trading works. reducers and traders go through thousands of transactions each year and banks pony up short-term loans. it takes time, money, and paperwork. enter ing. in 2017 the bank together an unlikely group. banks, oil companies and trading houses. these competitors joined forces to create a blockchain-based digital platform, think of it as a trade between two oil parties, contracts, data and document management. all the parties called shareholders have to sign on to the same terms and conditions. they then share market data which forms the backbone of this central ledger. experts say they can save hundreds of millions of dollars a year by limiting paperwork, speeding up processing and reducing operational risk. critical for an industry plagued by high cost and low profit margins for it the platform went live in november and so far so good. just how successful can a blockchain trading platform be? withently caught up anthony and talked about the venture between big oil bank

just getting started with local production and this unique situation where they don't have a joint venture partner. sort of an exception that the government made. his plant is going to be built in a sort of free trade zone and his is part of a big part of the government in china sort of putting their money where their in terms of opening up. because that's been a both companies, u.s. companies and german companies had been very critical or their chambers of commerce were critical of, that you have joint venture partner to produce in the ountry and the government has sort of signalled they are going to loosen that but haven't followed through. tesla up 3%. craig, thank you for that. this is bloomberg. ♪. vonnie: live from new york, i'm vonnie quinn. guy: i'm guy johnson. here's kailey leinz. kailey: democrats will ramp up the pressure this week to end the shutdown of her border wall funds. saide republicans have measures are dead on arrival unrest they have the money president trump once for the wall. blockite house may try to portions of special counsel robert mueller's report from being s

it's the first time the company has ventured into niger which is one of the world's poorest countries. the village of is to be their local pilot project in niger but they're hoping it will be just the beginning. it's a risky and expensive venture for green tech to the company had hoped to receive some german development aid. things what replies are we received so many awards but when it comes to funding for a country like nigel for example we get turned out. one rejection after the next it's upsetting. we're cool project we have a great project and we want to create change we want to help make it possible for people in niger to stay there rather than flee. developed a great solution and we hope that german development aid would support that. but no such luck. so. after a filming was complete take received some good news a funding application was approved. so. there's just one thing left to do. we baptize you know me. they put six months of hard work into this moment. the team earns just a modest wage africa greentech is social business and profit is not the only motive . each forty fo

i recently caught up with anthony van vliet and asked how the venture was going.hony: if i were to interact with you in a private way, i could make you a payment, i could do an investment, i could do everything from this phone. alix: like venmo or paypal. something along those lines? anthony: but even on my bank app. look at the current position of today's treasurer or ceo, he can't do that. companies employ a lot of people to say, how is your position? it doesn't link with mine. can we agree on this number, i need to change that. there is a lot of alignment that needs to go on, and this will change if you work with, let's say, a distributed ledger, with one version of the truth in a safe and secure environment. alix: basically, for lack of a better term, you are creating a bubble where these companies get to work, but they have to all buy into the same bubble. what was the process like? anthony: i don't like the word "bubble," because that suggests it is kind of something strange -- alix: circle? anthony: i would say a distributed ledger, in its simple form, an e

so far these haven't run out of venture capital at all, but i think the idea they are trying to get to a point where one has monopoly power to increase the ride rates. it will be interesting to see if they are trying to now extract money from municipalities how that plays into their internal plans to keep this feed of venture capital going or phase out of it. i am glad you brought that up. >> i want to say thank you, also. when i spoke to mta they were debating whether or not they would partner with lyft for the services. i cautioned them. you can't have it both ways. we see that this lyft and uber are competing with us in public transportation and we say it is okay. it is interesting when other municipalities are doing that. how do they strike a balance on this? they may not be seeing what we the magnitude of the economy and what it is doing to or congestion and the services like policing, you know, how they take away revenue from our public transportation system. how do you balance that, i think, would be interesting to find out with the municipaliti municipalities, i could see how i

now we're venturing up to the mall blanks the white mountain some call it the highest peak in europe although that's subject to some debate do you see a higher peaks in russia and georgia what's certain is that it proudly stands at four thousand eight hundred ten meters and the alpine region between france and italy we traveled that to learn more about the mountains history. long long the highest mountain. it stood here since the beginning of time located in charmingly france is a premier winter destination for tourists all over the world. spanning that sudan has lived in charmian's for over thirty years as an official guy she understands very well what draws tourists to this region yeah. the whole valley shines with these mountains the mountains together with more blanc are amazing that's the attraction here. but once upon a time people thought the mountains were full of ghosts and dragons and so on and. everyone was afraid of what was up there. it was said sherman he was located in the bad mountains then in the middle of the eighteenth century to englishman came from geneva common

thank you to the san francisco puc and web core builders, global joint ventures for the generous donations. finally, in honor of martin luther king junior day, students at the historical figures name sake dr. martin luther king junior academic middle school will celebrate with a school assembly including guest speaker district 10 supervisor shaman wallton, a performance by brett heart elementary school's dance troop and a presentation acknowledging students who had an impact on campus. the is assembly will signify the legacy of dr. king. this will be friday, january 18th. also, on monday, january 21st, all san francisco unified school directs, schools and offices will be closed in observance of dr. martin luther king junior day. i thank you all. that ends my announcements for this evening. >> thank you. >> number five. >> thank you president cook. good evening, everyone. last night the student leaders participated in the creating of the police and school district m.o.u. they will meet with our constituents to inquire what they feel is important so the m.o.u. reflects the needs of our stude

in success it was a weak ruler who did not even venture to put up steel as on the main square as as those before him undone but with the fifteenth through a smoke shell pants fortunes began to revive. he had steps. down from. the steps. into the front facing sun. and. made stand. the steps constitute the longest known my own inscription two thousand two hundred glyphs recording the history of the. bats it was intended to help the people forget the ignominious. rabbits and. be that as it may the city lost its position as a trade center. and next rely on local materials. to the mayan women. take home with a profit in working conditions. variable . names with. the building. was very close. to a comfort building high i was one way of escaping what. a different city states. history there on top of each other archaeologists have to tunnel through mountains of stone if that against the most distant past and read the most ancient inscription. be. every archaeologist dream of discovering treasure trav might come true head at its dank camp the night is weak but it's worth the effort when you see th

well now that we've explored the north let's venture south to the state of area most people associate it with the annual october fest with dangles and later hosen big brass bands and hearty meals but even outside the beer fest season very attracts tourists with its mountains lakes and castles now too out of a series of prompted a special celebration one hundred years ago the free state was founded and two hundred years ago the state's constitution was written to mark the double anniversary an exhibition called the myth of bavaria explores the low and legends behind the cliches. it is of the theory and straight out of a coffee table book traditional costumes and customs and stunning scenery those are the things people associate with various and they've helped make it one of germany's most popular vacation destinations tourists never tire of the state and its people its fairytale castles and varian lifestyles not to mention its famous. shorts good very good looking specially the al fit with the strap with the. i don't know what you call it a costume but it's good looking the barrier it'

forly becoming a hotbed technology companies, startups, incubators, venture capitalists. again, that speaks to the quality of life. the tech companies know that if they have an office here, they will be able to attract top talent. >> do you often get put in the same basket as l.a.? kim: yes, i think that's really our charge at santa monica travel and tourism, is to establish awareness of santa monica in its own right. often times, when we are educating potential visitors in the travel industry about santa monica, we describe it as l.a.'s beach city. we urge people to base themselves in santa monica if they want to come to southern california, los angeles. if you base your hotel here in santa monica, the experience will be -- we will deliver. it is a place where you can stay in hotel and walk out and watch the sunset. encouragens, we visitors to go to beverly hills and disneyland, but basing yourself here makes for a really exceptional day. >> kim, thank you for taking us around town. kim: my pleasure. >> our cities tour staff recently traveled to santa monica, california

joining us mike murphy, ceo of the venture capital fund. thank you for being here.nt is driving this market? is it trade negotiations and disputes? it is the fed and earnings, earnings and prospect? your thoughts. >> i think it's all of the above. people are focusing on the negative outcomes. what if the -- we have a 90-day window that started last month with china. what if we don't come up with some sort of agreement there. what if the fed -- today was a positive sign out of the fed. but what if the fed overreacts and raises rates too much. what if earnings starts to drop toch totoo much. lou: don't you think your pal resolved the fed stance here saying they're going to be adaptive, they're going to be flexible, whether it is interest rate hikes or whether it is running up assets on the balance sheet? diswhsphwhr 100%. he spoked wall street but he's done a great job of walking back their stance. they're going to be data dependent. we don't have a lot of inflation out there. i think the market could deal with it. lou: one would be an annoyance. it would be outside o

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