will waymo be valuable one day? if they can them like driverless cars safely on the road. >> thanks for joining us. another earnings update. box reports its first quarter results after the bell today, coming in above expectations. bringing in $117 million, up 30% year-over-year. box touted that it has now become free cash flow positive, a signal that the company may be en route to being a profitable rival like dropbox. we will discuss the earnings results along with international expansion plans with box ceo aaron levie here on bloomberg television tomorrow. coming up, apple is gearing up to take on amazon apple -- echo and google home. we will bring you all the details next. this is bloomberg. ♪ ♪ emily: the labs has ended an 11-month product drought. the latest gadget is a revamped high-end security gamma -- security camera. sincethe first camera 2015. this newest camera has some tech upgrades. it shoots higher resolution video that allows users to more deeply zoom into footage without losing as much clarity as th

does this hurt uber's case or help waymo's case? brad: it's hard to say.are waiting for whether or not this will set the criteria the judge has set up for the injunction. the judge could say, uber, you fired levandowski. we don't have any evidence. he said previously that waymo's case was strong, but he said there was no "smoking gun." so it seems like uber's lawyers probably know what they are doing. this might be good for them, but right now it is really unclear. emily: and is there any chance levandowski could be personally prosecuted here? mark: i do think there is a criminal case proceeding. he also has a prior case waymo filed against him prior to the february lawsuit against uber. he has hired his own lawyers after that lawsuit. they are criminal defense lawyers, so that is a likelihood as well. emily: now brad, levandowski argues he has been forced to choose between his job and his constitutional rights. does he have an argument there? brad: i am not a legal expert, but you know, but perhaps. emily: uber's driverless car future, what does this mean

they talk about the zip car model for waymo.here is also a potential that waymo could come in and undercut avis' business. they expect them to be on+++ could we see on the back of this? it has a roving fleet of autonomous vehicles that need servicing? mark: g.m. are now has crewws testing out vehicles in san francisco. ford has also invested heavily in autonomous vehicle startups. other makers, tesla, uber, lyft, are also researching economists vehicles. i imagine we will see a lot more deals like this. anna: this is lucrative because cars that drive themselves as something they will require more. what is it looking like there, mark? mark: this is theoretical, but waymo imagines a world whether you have your personal car or a card that you share constantly moving, like a move or without a driver, and therefore it is on ceo says the waymo five or six more miles on average. there will also be issues that i am for seeing with the hardware and autonomous vehicles. vonnie: is there any danger that this is not good for avis down the r

does this hurt uber's case or hurt waymo's case?ey are waiting for whether or not this will set the criteria of the judge set up for the injunction. the judge could say uber, you fired levandowski, and he said previously the case was strong, but he said there was no "smoking gun." it seems like uber's lawyers know what they are doing good right now, it is really unclear. emily: is there any chance levandowski could be personally prosecuted here? >> i do think there is a criminal case. he also has a prior case waymo filed against him prior to the lawsuit against uber. he hired his own lawyers after that lawsuit, criminal defense lawyers, so that is a likelihood as well. emily: levandowski argues he has been forced to choose between his job and his constitutional rights. does he have an argument there? expert, buta legal perhaps. : uber's driverless car efforts? what is it mean for them? >> he has been replaced as the head of the driverless car division from carnegie mellon. -- onered other folks from the university of toronto started

waymo has a chance to come ropes onack from the driverless ambitions a long way now.azon crossing $1000 a share this week. it did not stay there. >> everybody loves amazon now, a lot of people. emily: amazon is the company everybody loves to love right now. >> they are looking at e-commerce. they are dominating e-commerce. they are killing the retail industry and there's still a long way to go. not just in terms of them selling you stuff but how they get it to you. drones, their holy just it effort. there is a lot -- their whole logistics effort. cloud commuting, and they seem to be running away with it. microsoft, google, oracle wants to get into the act and give amazon a run for their money. they are so far ahead. we have not even talked about hardware, the echo, and the entertainment business they are investing lots of money in. hastings fromeed netflix and all he could talk about was amazon is a potential threat. i think the number of opportunities for amazon to grow into new lines of business is at expand isbusiness and so big. emily: he said it is a 10-like 10-l

look, by the way, the waymo announcement is still a very, very small announcement.ed to sort of the phoenix market, so, again, today is more about symbolism than anything else, and i think mike is right. i mean, there's a lot of sort of hedging going on i think a lot of the technology developers are real excited about what they are seeing internally and, you know, we're seeing a lot of headlines suggesting we're further along with avs. >> yeah. >> are they getting a little bit too far ahead of themselves and trying to line up and shore up all the strategic partnerships before really the vehicles en masse sort of hit the road, so i don't want to read too much into it, but certainly if you think hertz and avis are going away in effect because of uber or lyft or apple cars, what have you. >> you have to think again. >> things show today they are not. >> jamie albertine we want to leave it there to get back to more news on the cbo health care bill score >> kelly, more details on how the senate bill would affect premiums the cbo found premiums would rise in the first few

waymo needs that type of data. they could work quite well.way that avis is involved in that technological transaction, that is good for avis. emily: i we expected to see any more partnerships in this area? what do we see when it comes to the other player? tothere is a deal last year acquire a fleet management company. the other element is a lot of tier one automotive buyers, they're trying to build up their aftermarket business. replacement business, and all these need, grady components gritty -- nitty components will be replaced frequently. i think they will do the tests first six months or more. they will see how the public reacts to that. i don't think they will go lights -- for for at least 3-4 months. we spoke about apple's car ambitions, do we know anything more now about what direction they are going in? >> if you look at the scope, apple, six. cars, it is a huge difference. google has 600 cars -- or will soon have 600 cars on the road. emily: thank you so much. remember, we are waiting for president trump and prime minister modi to sp

the uber waymo saga continues.idesharing company says it was unaware of waymo data theft prior to the lawsuit. uber is looking to refute the claim. more we are joined by , bloomberg's legal reporter. you have been inside the courtroom. you think uber's assertion that they did not know these files were stolen was extremely important. why? >> this was the first time they were able to stand up and say, if these 14,000 files that are at the center of the lawsuit, we nothing about them until the complaint was filed. it was a big change in the direction of the lawsuit. it reveals something about uber's strategy, going forward. emily: does this tip the scales in favor of uber? >> know, but we are used to seeing uber being kicked around in the courtroom. because the judge believes anthony levandowski stole the files and uber is maybe responsible somehow. they have already been on the receiving end of the judge's ire. you can feel it in the courtroom, it has changed the tide a little bit. emily: david kirkpatrick is still w

the state of arizona is very accommodating, allowing self—driving cars from waymo, ford, general motorsrs away from fully autonomous cars taking to the highways yet, and it seems that the road to fully self—driving vehicles is still a bumpy one. some american freeways have carpool lanes which you can only use if you are carrying more than one person in the car. the idea is those lanes at least are travelling at a decent speed. well now, they are also planning similar lanes for autonomous vehicles and they are calling them ‘hyper lanes.‘ this system will be controlled by a central computer and will whiz self—driving cars along at speeds of over 100 miles an hour. you would use access stations in your local neighbourhoods and once you enter the station, your car will start driving itself and they will launch them onto a hyper lane. after that point, the car would be able to drive itself and you can just sit back and sip your coffee and check your phone. the plan is to use existing highways to create these hyper lanes. customers would pay surge pricing in order to ease congestion and arriv

waymo. yes, they're surging on the news this morning year to date, they're still lower by 30% you're seeing hertz shares pop on this news as well on the prospect of more deals among rental car companies and autonomous vehicle tech companies. this is the first of its kind. now for waymo this is just the latest partnership that recently announced it is adding hundreds of chrysler minivans to build a 600 vehicle fleet. it is also teamed up recently with ride hailing service and they're also in talks with honda about a possible deal to put its technology in test cars. guys >> thank you for that. what a story on your side of the country this morning as well when we come back, the latest on the president's upcome media with india's president we'll talk with one of the largest indian airlines and hear what he hopes to come to have day's talks. and martin schreli is riving in court for day one of his court date and they'll address the gap in harment laws when "squawk alley" continues. >>> president

waymo's selfor driving vehicle service has agreed to deal with avis.into the trading day now, and julie hyman is here with the latest. julie: we now have a mixed picture going on. as we speak, it of war from everything else.

at the handling of waymo came up and it. there are legal issues at play, too.r just hired a law firm to defend it in the civil case in the indian rape and the handling of the woman's medical records. it is a troubling allegation. emily: another big issue according to my sources, was scuttledis kalanick any potential plans to bring in new talent. he would intimidate coo candidates in interviews and they would walk away saying, i can't. eric: he wanted to be the central hub of the company. there had of finance was very effective, but was not very senior. travis resisted bringing in a serious cfo. similarly, concerns about the coo he was supposed higher and whether he would get high-caliber talent that would draw attention away from him. emily: he wanted to clear the way for new leadership, a new ceo, and start fresh. there is a board meeting happening today. we know anything? eric: it should have just ended or is ending. we're still waiting to see. trujillo should be there. the board is changing, even though the firms are staying the same, the names are changing.

it's in the middle of a lawsuit with waymo, accused of sexual whatever r harassment in the workplaceat pressure on travis kalanick to step aside the investors felt the same. now, of course, the search is on for who will replace him and what next for the company. >> so what are you hearing, arjun? who could lead the company and who will lead the search for a ceo? >> we understand, you know, ub he uber has some high level executives, the likes of arianna huffington, bill gurley who came out this morning in support of kalanick saying he will be in the history books as a great entrepreneur that board will lead the search now. we've seen a lot of high-level departures from uber already, but also other silicon tech companies, twitter as an example. there does not seem to be a clear front-runner at the moment hopefully we will hear more noises around that over the next few days >> arjun thank you very much for that report from london. the other question that people are wondering, does this alter the potential ability to ipo if and when they want to. if that happens, one would think they wou

waymo is unit of alphabet, google's parent company. service and store waymo's chrysler, pacifica, minivans and the partnership is the first major deal involving oversight of driverless car fleets. >>> the wall street journal says puerto rico is for sale. it is now preparing to seek bid from private companies to run services. private companies would reportedly operate or improve puerto rico's sea ports, airports and a passenger ferry. also student housing and parking spaces. the goal is to attract $5 billion in investment and bring 100,000 jobs to the island. >> are you in the market for an island. >> yes, i would like that very much. >> puerto rico is a great place. >> i think so too. lovely hotels and beaches. >> i'll call somebody. >> tell her, please? and the new york times says american donations to a malaria fight have saved the lives of nearly two million african children. researchers reviewed an anti malaria program started by president bush. the death rates among children under five were 16% lower than in countries that do not

report that might reveal what its management knew about the apparent theft of trade secrets from "waymo." alphabet's "waymo" claims in a lawsuit that the former engineer downloaded more than 14,000 confidential files before he left to establish his self-driving truck company. uber bought that company soon after. the due diligence report will contain uber's research into that company while it was still considering the purchase. >>> verizon is reportedly laying off a large number of workers after a major acquisition but there is some good news on the job front. >> for those details, we're joined now by kcbs radio's financial reporter jason brooks. >> reporter: good morning. it's no surprise that yahoo's going to lose some employees as the company is bought by verizon. the yahoo shareholders are voting on that deal today. it should close in about a week. techcrunch reports that verizon will likely reduce 15% of the combined workforce of yahoo and aol, about 2100 employees, possibly around 1,000 yahoo employees. the renamed company will be called oath and will be led by aol's ceo tim armstr

. >> with tesla and tech firms like waymo developing self-driving cars, there's an all out race to have vehicles make more decisions for drivers. sometimes, the technology is is intu utive. sometimes, it's not.an sometime annoying. >> we are saying with some of these systems like lane departure warnings, avoidance system, some are complaining they're too narrowing and trying to stop them from driving the way they want to. >> it will take many years before we see autonomous drive vehicles where we make virtually no stigss behind the wheel. until then, the gradual edition of technology designed to keep unintended effect of frustrating those very same drivers. phil lebeau, "nightly business report", chicago. >> yes, more machines. bossing us around. phil wrote a piece about new vehicle reliability. you can find it on our website. and that's "nightly business report" for tonight. i'm contessa brewer. >> good night, contessa. have a great evening, everybody. we'll see you tomorrow. >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, k

wants to catch down to 928 a person at home may be selling this company when they're $70 billion of waymo autonomous driving when search is doing really well they can train themselves on any area, so yes, a great hedge fund call but not for people at home. >> what do you make of the point that the increase in the ad load over the last couple of years on youtube, on mobile search is going to be hard to maintain hard to sustain. >> you know, you're going against youtube, going against ruth porat who thought i through. i go out to california quite a bit, they have thought this through. like going to junk up the facebook feed no, he's going to get killed by snapchat and instagram is even better by the way i'm the only one who hasn't collaborated with him drake did, justin bieber did but we have to be careful. this is a generic -- what they did was they downgraded f.a.n.g., but chose do the "g" which is "a. there it is. like the weather board, it's hot light here here it's raining, this it is. it's a weather report downgrade. looking like there's going to be some storms but when the storms pas

for example, lyft has also struck a deal with waymo, the google subsidiary that is leading the development of driverless vehicles. and just last week, lyft announced it's working with the tech firm neutonomy in boston later this year. uber is also developing autonomous drive vehicles, testing them i but with the company embroiled in a number of controversies, ranging from the culture of the firm to whether or not it's overcharging customers, the time could be ripe for lyft to gain ground on uber. especially in one or more of its partnerships takes off, and leaves the company to greater growth. it's estimated the majority of the ride share business in the u.s. goes to uber. lyft says it has nearly 30% of the market. but as lyft continues to expand and add new partnerships, it is slowly gaining ground on uber here in the u.s. phil lebeau, "nightly business report," chicago. >>> that is "nightly business report" for tonight. i'm sue herera. thanks for joining us. have a great evening, everybody. we'll see you right here . >> this is "bbc world news america." funding of this presentation is ma

the car rental company signed a deal with alphabet's car unit, to store and maintain waymo's fleet of00 autonomous vehicles. chose to work with avis because of that company's geographic footprint in the u.s. and experience cleaning and fixing cars. avis shares soared 14%. shares of alphabet down 1%. in a similar move, apple is reportedly working with hertz to test self-driving technology. according to reports, aps to co six lexus suvs leased from hertz. shares of hertz popped 13% on the news to 1083. apple shares fell fractionally to 145.82. >>> real estate investment trust store capital said berkshire hathaway took a nearly 10% stake in the company, worth almost worth $400 million. store said the new investment positions it for growth. shares r1 1% on the news. the pan dora ceo may step away from the company he founded. according to recode, westergram plans to leave the music streaming giant but will likely remain in his role until a replacecement is found. pandora shares up 2% to $8.46. >>> it's been three years since seattle approved raising its minimum wage to $15 an hour for lowe

in the near term it will lead to collaboration between apple and current carmakers similar to what waymodoing. you could see a world where just like our phones are androids or apple phones, we could have a circumstance where our cars, technology are powered by apple or google-based technology and operating systems. >> as apple potentially goes to market do you see them partnering with a manufacturer or more likely coming to market with a car of its own? >> probably all three in sequence. i think they will partner with an automaker and start to make them power their own baton of his vehicle systems and eventually they could become a final producer of car designs that the automakers make for them, making the automakers a tier one supplier for apple. emily: there are two mobile operating systems that are dominant. do you see the same for cars or more? >> that is a great question. we could end up with more initially. we could end up with somewhere between five and 10 at the initial stages. it would get down to two or three, like our phones are now. that is likely what we will see in the next

is a the air who was once at the wheel of the self driving car program and its bitterness -- with waymoe for anthony levandowski to go. and the new phone of essential and how it stacks up against appl

. ♪ emily: all the bet stock driving waymo is winning a battle against uber. judge ruled they must hand over a document regarding what they knew about secrets. uber has refused to turn it over citing attorney-climate which. -- privilege. you will remember that it was alleged that anthony leven dow $47 -- 47,000 documents. let's has been said about what exactly these companies are racing for, we are going to send it over to cory johnson for more. what are they racing for? 7 trillion dollar market. it is interesting stuff. groupsmith is the managing partner and sales from santa clara. this is a fascinating study with big ideas here. what is the big idea in all of this? howy: i think it is transformative this is going to be. imagine a world where getting from place to place, transportation becomes in essence rate. it changes everything. it changes how you consume information, changes how you think about owning a vehicle. back, it makese the world a safer place. we have seen disruptions like this in the past. it is a huge opportunity or a huge threat for companies

>> for waymo, limited. for avis, more meaningful.hicles, there are four parts of the chain, you have the guy that develops the technology, build the car, and runs the network and now the fleet management component. you are seeing the evolution of what the ecosystem could look like. i think fleet management has been something that has not been top-of-the-line and all. it is a bigger deal for avis. david: in order to be concerned about fleet management, you have to have a fleet, so how was waymo going to come up with a fleet? >> good question. what we saw before is that they did that potential deal with them because of capital investments and they took a much more scaled-back approach, so that is a question google cfo has to look in the mirror and answer. david: she is also going to have to answer how she will pay that eu fine. record by a, longshot when it comes to competition. you are positive on google and alphabet. is your mind in a different this morning after that fine? this acute you any possible that the difficulties google bas

waymo is paying a lump free to avis. is aually the model commercial model for autonomous vehicles.cost will go towards maintenance. fieldthis is a fledgling but it's absolutely exploding with partnerships. >> everyone is positioning themselves to get ahead because no one really knows where self driving cars are going to look like in two years or five years. there are tons of regulatory issues. there's a lot of technical issues to get the vehicles to work in conditions like rain and snow. car companies in the last couple --years vonnie: there are also talks with honda and lyft. traditional car companies are worried. ford and gm have put a lot of money into this. they are certainly worried about tesla and uber. they have an existing network of the vehicles they can tap into. thank you very much, mark bergen on the phone from san francisco. seeing nestle amassing a large stake in the european company. this is bloomberg. ♪ . . whoooo. you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if there was a single site where you could fi

any time these big stocks get attached to anything, we see these literally-goingal's waymo is hiringand change the oil on cars which adds to a couple hundred million in market cap. >> silly >> on that note we leave t.jit jon, i'll see you riding around in your autonomous vehicle. >> coming up, world's ugliest dog. >> that dog is ugly. ♪ ♪ oh, so prtyet ♪ i feel pretty ♪ at johnson's we care about safety as much as you do. that's why we meet or exceed 15 global regulations for baby products. and where standards differ, we always go with the toughest. johnson's. it's been over 100 years since the first stock index was created, as a benchmark for average. yet a lot of people still build portfolios with strategies that just track the benchmarks. but investing isn't about achieving average. it's about achieving goals. and invesco believes doing that today requires the art and expertise of high-conviction investing. translation? why invest in average? [ intense music playing ] ] it's here, but it's going by fast. the opportunity of the year is back: the mercedes-benz summer event. get to y

. ♪ waymo uber.le self driving car project has been seeking a copy of the report as part of its uberaration for trial but bu has refused to hand it over claiming client privilege. much has been said about the race to a taunus vehicles, with both startups and tech giants scrabbling to the start line. less has been -- what has been said about what these copies are racing for? we will go to cory johnson for more. : they are racing for a seven chile dollar market. they expect the world will be economists by 2050. stuff.ally interesting the grouph is management and sales. this is a fascinating study with .ome really big ideas what is the biggest idea in all of this? : transportation, like information, starts to become free. it changes how you consume information, how you think about owning a vehicle. it gives you time. back. it makes the world a safer place. we have seen disruptions like this in the past. it is huge opportunities for companies and huge threats for companies. it can disrupt entire industri

ultimately, with all due respect, i think google is the company i would bet on the most through its waymo it's interesting to think about baidu's opportunity as the world's second-largest search engine after google. in developing ai, one of the key factors is the quantity of data you have to test your software against. search engines have a fundamental advantage, which is one reason observers believe google is ahead on ai of the other american companies. but baidu has a lot of intrinsic advantages for developing ai, which could then be applied to other technologies. i would consider them a legitimate in serious contender. every automaker and a lot of even out of left field companies are really targeting this market, because it's going to be huge. then again, china may be where it's going to take off first for all kinds of reasons, so that's another advantage baidu has. emily: how would you respond? i think the observation about data is fantastic and correct. i think it underestimates how hard it is to create a leading edge ai team. is recognized as the leader in china, they have all the t

and so you're seeing them, you're saying waymo, lyft position themselves as a platform to be more interoperablemong many different kinds of companies that will go into the space. >> talk about giants fighting over a pie >> yeah, you would think it was a winner take all market it it's crazy $2 trillion cars are sold globally so there will be lots people that win here. people say in three years that you will be taking a self-driving car between new york and west with port. and i say listen, when can i take a car that is shaped like a circle so no steering wheel, no driver, and take it in the winter i still think it's a lot longer than people think. but apple wants to get in about to it and they also want music product. we thought apple music was going to be a monster, but it has been a disaster i think because they make so much money selling iphones >> when wispotify going public >> i think they are looking forward it it's an awesome proper dupgt anybo plo pro duct anybody who on has teenage kids are probably on it >> or if you're 47 who is 47. thanks so much, guys good discussion. >>> straight a

there it would be competing against other tech companies, such as alphabet's waymo it's already completed 3 million miles of fully autonomous driving apple's interest is well known and documented recently, the california dmv gave apple a test permit for autonomous driving technology in three lexus vehicles, like the ones you see right there cook talked about redefining ride sharing apps where apple made a $1 billion bit, and mentioned electric vehicles and noting driving is in his words a marvelous experience scott, back to you. >> josh, thank you, for more on apple's self driving technology, what it means for the stock, gene munster, welcome. >> hello >> what's your reaction to what people had to say today? >> just masterful in terms of the message. he's already thinking about the iphone 7 coming out and the hyper on that. he's starting to slowly change the conversation around the apple story. so credit him for doing that then there is the piece of what will happen and what they will do i think consensus as josh mentioned is what happened is driving towards us to be essentially an operat

term, it is more likely to lead to collaboration between apple and current carmakers, similar to what waymo which is part of google, is already doing. and i do think you could easily see a world, where just like our phones are almost all either androids or apple phones, we could have a circumstance where our cars' technology, especially the autonomous versions are all powered by apple or google-based technology and operating systems. emily: and so as apple , potentially goes to market, do you see them partnering with a manufacturer, licensing technology to a manufacturer, or more likely coming to market with a car of its own? karl: probably all three in sequence. i think they will partner with an automaker, and helped to start empower their own autonomous vehicle systems and eventually they could become a final producer, a final holder of car design that the automakers make for them, essentially making the automakers a tier 1 supplier for apple. emily: there are two mobile operating systems that are dominant -- ios and android. do you see the same for cars or more? karl: that's a great ques

. >>> google's waymo hiring an ex-tesla engineer to start up its self-driving car division.oogle's up a bit in the premarket. >>> takata shares rebounding after plunging more than 50% in yesterday's session. the company is expected to file for bankruptcy on monday >>> mondelez's ceo joining jim cramer on "mad money" last night. the executive breaking down growth at the snack giant. >> we've delivered about 500 basis point of mar swrigin expa, double digit eps growth, returned $15 billion to shareholders in the forms of dividends and buybacks we have a strong story the challenge has been the top line growth has been a little more muted as you said, it's still distinguished -- we've distinguished ourselves relative to the beer companies. >> she told jim that mondelez is not worried about the amazon whole foods deal no move in mondelez share price this morning >>> housing sector will be in focus today. may new home sales out at 10:00 a.m. they're expected to rebound. forecast to have risen 4% last month after an 11% decline in april. also on the agenda, a pair of fed officials

google's self-driving car division "waymo" announced this month that it was getting in on the big rig action. the blue truck is reportedly fully equipped with sensors. no word on when they will hit the road. >>> and instagram just rolled out a new tool that is designed to help stop internet trolls. users now have the option labeled hide offensive comments that can be applied to any photo or video. when activated it automatically behind comments from anyone except the person who posted it. the social media platform also launched a spam filter that deletes promotional comments from posts and videos. >>> and i'm dennis o'donnell. coming up, another raider shown the money yesterday and will the warriors go to the white house if they are invited? steve kerr's opinion on this matter may shock you! minaton to us at: c kpix-dot-com >> but first, what's cool about your summer camp? email your nomination to us at coolcamps@kpix.com, and we may feature your camp on the thursday morning show. play of the day >>> good morning. the raiders front office is acting like a group gearing up for a super

"waymo" in a lawsuit claims that former engineer anthony lewandowski downloaded more than 14,000 confidentialfiles before he left to establish a self-driving truck company. but according to the tech website recode, uber now says that it did not know lewandowski stole information before it acquired his startup. google's parent company is suing uber for misappropriation of trade secrets. >>> light your emoji candles. today's the iphone's tenth birthday. the apple device has rocked the universe since day one and it's come a long way from the first iphone. it was the first touchscreen phone ever invented. it's hard to believe it all started with no video recording and a very slow internet connection. the price tag for that first model with only a few features was half a grand then. >> i couldn't believe i paid that much for it. >> after that first launch, those features were quickly upgraded and today we have apps, music and memes to communicate on the iphone 7. the iphone 8 just right around the corner releasing in the fall where new features will just keep on coming. >>> and if you -- [ inaudib

in a lawsuit alphabet's "waymo" claims that former engineer anthony lewandowski stole property informationore acquiring the startup. alphabet is suing uber for misappropriation of trade secrets. >>> it appears the telecommunications industry is winning the battle over a controversial bill in the legislature. telecom companies need to put up about 50,000 cell antennae over the next five years for a 5g wireless network. lawmakers in the senate have passed a bill to allow companies to install them wherever they want. >> a library, a school. >> this would give the companies free rein to install them on any public structure with no ability to say no. >> the new rules would cap how much local jurisdictions could charge the companies. at $250 per antenna that compares to $1,250 like san jose get now. it could mean faster internet service and keep california on the innovation forefront. >>> for the first time after 10 years the treasure island music festival will not be returning this year. new development on the island has made finding space difficult. the festival is expected to be back in some