realize waymo has been leading in this space for a decade.re about waymo and how it was founded and what it's working on today. >> yes. sure thing, governor, and thank you for having me, and on behalf of all the folks at waymo it's great to be here to share our story. we have been working on it for a very, very long time. nearly ten years. and it really started from government initiative called darpa, which funds advanced research projects in industry, and the early 2001s, someone there had the idea that self-driving cars could have interesting commercial and military applications so the put together this program to spur along investments and creativity in this space to see what we could do in this country. and the results were pretty outstanding pretty quickly. at some point, around 2006-2007, the founders of google had actually gone to one of this darpa challenges and seen this technology and had the idea, you'll know, if you were to combine this, with some of the software capables we have at google, maybe we could do something pretty amazi

that's when you think about waymo. we are not a car company. people think you're the self-driving car company? we don't want to be thought of that we get with the company that's working really, really hard to build a driver andrew slavitt to move people and things safely and easily around the world. that's are simple mission. >> thank you. it's nothing short of remarkable. before we do a deep dive on how you believe it's going to affect all of our daily lives, can we talk about the technology behind it? >> article again is to drive as a very good alert human would drive. although we don't think about it that way, when we get in her cards and turned the key and drive off, it all comes easily to his. there are for steps tell you think about it if you break it down. the first step, and we do this natural as humans, is understand where we are in the world. the way we do that at waymo and a lot of self-driving car companies is we map the world very accurately with our sensors here we place ourselves in this work. step one is where am i precise on a

you probably get waymo for free and the cloud for free.: when i talked to ruth porat about that, she was very optimistic about waymo's prospects, but they have no idea when it will be a contributor to revenue. idea. they have no and look at baidu in china. it is the same thing. you just put a couple thousand dollars per car, multiplied by ae number of cars -- it is map for the market. i think you are getting that for free on the google side. some of the key components of automated vehicles, you see that manifest in the research coming out. you were doing this kind of statistics before most people . now there's a lot of competition. jamie: we are a moving target. we try to keep ahead of the competition. .i will be a big theme this is the fourth year we have had a large woman's conference. this past year -- we are excited about that -- emily: i like to hear that. competition is good. we learn, we listen, we watch, we pounce on it. we have a lot of fun in california. people love coming down for couple days. our guests stay. we were great with

we're not talking so much about google's moonshot, aside from waymo.he went to great lengths to talk about how all of these other bets, waymo in particular, is one that she and they are most excited about. collin, how optimistic are you about waymo as a true contributor at some point to alphabet's overall business? collin: oh, man. a true contributor. it is broad language, but i think it is far off. you look at the breakdown today. the advertising business -- it is google's entire business for the most part. and i think that it is going to take time. while waymo is in later stages, compared to other of competitors in that space, it will take some time for it to be a substantial part, or a big driver of their overall business. emily: all right, thank you. research, forrester colin colburn. sticking with me is romaine bostick. we will talk about the tech momentum and what is going on with alphabet. in the meantime, a vote of confidence in paypal. the hedge fund has taken an interest in the payment processor. in an investor letter of 10 by bloomberg, they

because of the demand. >> by the way, the waymo investment isn't considered cap x. it won't be until it's an ongoing business that's eparate. >> yeah. >> but just the numbers are staggering >> to jim's point, it's not like regulatory risk has gone away completely we've got a couple of bites, but if you can play the sound from last night talking about the google eu fine take a listen to this. >> it's worthwhile, i think, globally for users and everyone in the ecosystem you can clearly see there's robust competition a lot of innovation. a lower prices overall it created more choice for everyone not less we will always take a constructive approach. we'll appeal the commission's decision and take the due process available to us. but we're also looking forward to finding a solution above all that preserves the, you know, enormous benefits of android users and so on. >> so that's interesting more interesting than the number five. >> right. >> finding a solution. >> you know i look at what he is saying and he's so methodical. remember when steve was saying janet reno, you

the self driving car, waymo. waymo has always been a research and development bid.ic i read that shocked me a bit. something like 8 million commercial miles. that's on real roads. you are right, there are different bits. google is beyond failure. they had picasa a few years ago. they have google plus. it's funny because here at macro —— at social circle with heard of it. we see youtube doing other things. one of the other things about the reports that was fascinating is payments to mobile operators, to have their ads placed or mobile ads placed in more and more places. those payments have increased by a quarter. though not afraid of spending money in order to generate effectively. a lot more money has been placed onto google search. 0nce you get beyond the big numbers,. you've got to spend money to make money. china's president xijinping has demanded an investigation after a scandal over vaccines produced by the country's second biggest pharmaceutical firm. ricohjoins us from our ricoh joins us from our asia business up. what more do you know about this? this scanda

and waymo is pa rt transportation market.rimental business called 0ther bets. it lost hundreds of millions of dollars. it will continue to lose cash but people love it. they have a big lead over everybody else. everybody agrees this is the next big thing. investment director of re lee capital bao vu there. tesla seems to be in the news headlines for all the wrong reasons lately. its shares falling by 3.5% after reports the company was seeking refunds from some suppliers and confirm just told investments it lost $700 million us. the problem with test but right now is it can't manufacture cars fast enough to meet the current demand. asa enough to meet the current demand. as a result, its suffering and what it needs to do is manufacture cars fast enough to get that cash to pay back the people of borrowed money from and that is the key challenge in the weeks and months to come. let's talk about the trade spat between the world's two biggest economies. there are signs that china is getting nervous. the country's central bank injec

waymo has struck deals with several companies to expand access to its self-driving cars.ymo rides to certain walmarts in arizona will srt later this week, while the other ride offers will begin over the course of the next several weeks.in partnerships with five companies, including walmart, autonationand avis, waymo autonomous vehicles will pick up customers and drive them to various locations in the phoenix area. in some cases, customers will be offered savings or deals in order to be shuttled around in waymo vehicles. million jackpot: one ticket takes top prize one winning ticket was sold for the whopping $522 million mega any financial advice for my 20 year old?jerome ( james ) we've been talking about the winning mega million ticket all morning. that winning ticket was bought from a store in san jose. ( darya ) well the next step after the winner comes forward would be for them to decide what to do with the money. joining us now via skype is george noceti.. a morgan stanley advisor. . thanks george ( lydia ) the man accused of murdering a woman at a (ácommercialá)(ááb

so what you're starting to see her is waymo laying out its business case and saying, you know what?he company that works with other companies providing rides. and this is an interesting piece of news that has just come out from waymo >> that's genius customers can get a free ride, go to walmart and get groceries and get a ride back. >> or instead of getting a loaner car from autonation, they will provide you the rides >> getting back to fiat chrysler it's off the worst of the premarket session right now. primarily because of that guidance cut it's sort of a tough time for mike manley. rise in commodity costs. rising rates sort of plateauing sales in north america. this is affecting the industry across the board >> exactly now, he does have a couple of things going in his favor. that's primarily the jeep and the ram brands and jeep sales remain very strong they're growing that brand in km china. and ram remains strong in the united states. they're going to be dealing with higher costs for the remainder of this year as all automakers are. and plateauing sales so it brings up the quest

waymo is offering rides to walmart. it starts later this week. they're testing it out in phoenix, arizona. walmart shoppers will place orders online. then the car will take them to and from the store to pick it up. part of waymo's early rider test program that gets people access to the driverless minivans. waimo will also start offering rides to other businesses and restaurants in coming weeks. what do cruthink? >> waymo to walmart. >> coming from a linguistics guy. >> right now, speeds are grade for the sensors. around the south bay, up the peninsula, this whole shot looks great. i want to take you farther south. we talked about, of course, the marsh fire in the clayton valley area, but we're also talking about the fire down here. san martin. yesterday, as laura said, southbound 101 was closed for a period of time. this morning, all lanes are open in both directions. heading up in toward morgan hill, highway 17 on the other side of the screen, that move nicely over to santa cruz. not a problem now. an easy drive through fremont. picking up the v

you are in a waymo, guillermo. do you know what a waymo is? >> guillermo: no. what is it? >> guillermo: oh, my god. and i got scared the car is driving by itself. >> jimmy: just think how much you can drink now. >> guillermo: and i don't have to drive. i can be responsible. technology, huh, jimmy? >> jimmy: yeah. technology's crazy. isn't it? >> guillermo: [ bleep ] amazing. >> jimmy: i'm sorry i tricked you, but maybe i can make it up to you. do you want to go get some tacos? >> guillermo: oh, my god, we're going to a taco place? yeah. los favoritos. the favorite ones. >> jimmy: have a fun little fiesta. >> where did you grow? >> guillermo: this car drove all around town. it's crazy by itself. >> waymo's created a fully driverless car. it's real and it's here today. something incredible is here at disney california adventure park. it must be epic! thrilling! daring! come ride the incredicoaster. it's going to be simply exhilarating, dahling. >>> we are -- global. >> yet local. >> that's exactly right, sorry. one second. hey, could you maybe come back at another time? we'r

. >>> waymo is launching a pilot program to bring people to walmart in self-driving cars. this would allow customers to use the service to pick up groceries at walmart stores. while orders are being prepared, waymo vehicles will trans port the rider to and from walmart to collect the groceries. it's launching the program in phoenix to make shopping more convenient. not clear now if there's a krooifr as a back up. >>> ten months after hurricane maria, hundreds of homes across puerto rico still don't have electricity and now more people are turning to solar energy. some of the solar users are relying on corporations of not nonprofit groups to donate equipment. others frustrated with power outages have been going to workshops and installed their own systems. officials in puerto rico say besides those without electricity, millions are still dealing with periodic power out annals. >>> there's some controversy in palo alto. the hotel president hasn't wants to evict residents from the 75-unit building and convert the building back into a hotel. that is despite the city saying it

waymo brought a self-driving van.a had fungus to make building materials for space. >> reporter: the folks at hoverboard brought an electric skateboard. >> i lean and keep leaning. and i tilt it to turn. >> reporter: it was technology to make pizza delivery better and put telescopes on planes and lots of things to ride. the idea is for people to interact with the technology, hop in a self-driving car or get on an electric bike. for the companies, it was a chance to meet the public and each other. a smart transportation company just opened their office in november. >> and it's a good chance for us to engage with the community city leaders and get to know who our peerin this industry. >> reporter: residents called it eye-opening. they can't believe the concentration of innovation that it's here. >> i'm proud it's in mountain view. we're like the hub of technology and to see all this in my backyard. >> reporter: ann reuben, ktvu fox 2 news. >>> there may be a connection between what time you eat dinner and your risk of d

waymo says the program starts later this week in phoenix. >>> shares of general motors tumbling afteraker cut its outlook, blaming higher commodity costs with ongoing dispute with europe, that offset a higher second quarter for gm. >>> former fiat chrysler sergio marchionne has died. he stepped down after complications from surgery. marchionne came up with plan to save fiat and chrysler from certain failure. he was 66 years old. we'll be right back. and maybe even, unproven fish oil supplements. not all omega-3s are clinically proven or the same. discover prescription omega-3 vascepa. the one that's this pure... and fda approved. look. vascepa looks different... because it is different. it's pure epa. vascepa, along with diet, is clinically proven to lower very high triglycerides by 33% in adults, without raising bad cholesterol. that's pure power. proven to work. vascepa is not right for everyone. do not take vascepa if you are allergic to icosapent ethyl or any inactive ingredient in vascepa. tell your doctor if you are allergic to fish, have liver problems... or other medical condi

who ordered groceries from the walmart website can catch a ride to the store from their home in a waymoan. you don't have to lean the van. a walmart store employee will bring your groceries to you. anne-marie. >> i love that idea. >> i like it. >> diane king hall at the new york stock exchange. thank you so much, diane. >> all right. thank you. >>> still to come, martian discovery. what scientists found just beneath the planet's frozen surface. but meningitis b progresses quickly and can be fatal, sometimes within 24 hours. while meningitis b is uncommon, about 1 in 10 infected will die. like millions of others, your teen may not be vaccinated against meningitis b. meningitis b strikes quickly. be quick to talk to your teen's doctor about a meningitis b vaccine. alcohol based mouthwash burns. and that could leave you with... burn face! but colgate total mouthwash is different. it kills 99% of germs without the burn of alcohol! kill germs without the burn. try colgate total mouthwash today! another anti-wrinkle cream in no hurry to make anything happen. neutrogena® rapid wrinkle repair w

what google is doing with waymo is way under capped.would be hutmuch big >> i think the reason i'm in facebook instead of google, i look at the growth, one has growth faster than thor. and the pes are not like others thing. faster growth -- >> facebook has more potential to grow internationally. >> yes >> i would think that's where the real growth could be >> wait, they have 2 billion users. how many more people are there they're going to get 4 people without smartphones i mean, i don't know - it's not about facebook -- it's that's the whole point it's not facebook. everybody focuses on facebook. it's instagram or whatsapp >> i agree with that >> that's why i love you, brother. >> i just don't know if you have to make it either/or i think a lot of people own both a lot of people own the qs or the factor or both >>> coming up next, we're going to get pete's unusual activity we'll find out the bullish action moves he's tracking in stocks up 35% this year. >>> first, though, we give you the s&p sector check stocks aren't all that far from

waymo will also start offering rides to other businesses and restaurants in the coming week. >> let's get a check of your traffic and weather. let's start with kari. >> hopefully nothing that will stretch you out as far as the weather. we're going to start out with a few clouds near the coast, and then as we go through the day, our skies clearing all across the bay area. here's a live look outside in fremont this morning. it's already moving out there. we do have some clear visibility and right now, the seven-day forecast comes up on the bottom of the screen for the south bay, it's still going to be hot over the next few days. let's go to pleasanton. it's going to be 64 degrees at 8:00. at noon, 87. of course, heating up fast. again today, still pretty hot. 94 degrees. if you're going outside for a workout, going for a jog, do that early during the hours. our temperature trend for santa clara will be in the low 60s. 67 at 9:00, and mid 70s by 11:00 this morning, and in concord today, it's going to heat up into the mid 90s this afternoon. we're going to be at 90 degrees by 1:00 today.

. >> wal-mart is tasting a driving program with waymo, shuttles customers to stores to pick up groceryrders online. >> trevor: wal-mart is introducing self-driving cars that take you to the store. i'm assuming the next step, will be hiring robots to greet you at the door. >> come with me if you want to save! ( laughter ) >> trevor: you know what gets me about this story in wal-mart makes it sound like a huge innovation. really, they're trying to trick us into doing what we already do, go to the store. we don't want to go to the stores. we want stuff sent to us. yeah, but we have a self-driving car. i've already got one, called uber. i sit in the back and don't touch the steering wheel at all. it's like if amazon rolled out prime but in reverse. it's great, you get in a box and amazon ships you to its storage facilities and you pick up your own stuff! yeah! let's move on to the main story. look, it's no secret that we at "the daily show" haven't been the biggest fans of president trump. i know, shocking. for instance, we've even regularly reminded our audience that donald trump is sexua

. >> walmart and waymo teaming up. >> in tech bites, facebook's costly day. >> the company is lookingund today after its stock fell more than 20% in afterhours trading. that's about $144 billion in losses and analysts say facebook was hurt by slow user growth and new privacy rules in europe. >>> a new study finds apps like uber and lyft are making traffic in some big cities worse instead of better. >> researchers say commuters who might normally use mass transit are choosing uber or lyft and putting more cars on to already clogged city streets. >>> walmart offering high-tech help to make grocery pick-up easier. >> it launched a pilot program in arizona that sends self-driving cars to pick up groceries for people who order them on-line. the cars pull up to the store and a walmart worker brings out the order to them. >> very convenient. >> it is. those are your tech bites. > w president trund russian president vladimir putin met, the russian leader gave an adidas soccer ball to mr. trump. it was in honor of the world cup which russia hosted. according to adidas that type of soccer ball

and here on earth, walmart discovered a new delivery service in partnership with google's waymo.neering students hit a new hyperspeed record of a57 kilometres per hour. the team from munich beat the record set last year by 50%. the new scanners for carry on luggage which could put an end to the ban on liquids in carry on baggage. the technology can see inside the bag, so you do not have to take out your liquids or technology separately. the country's health minister wants to monitor sales. the drug will be legalised in canada in october next year. —— cannabis will be legalised. the popular game cards against humanity launched an unusual online dating site this week, where you can date and infiltrate members of the so—called islamic state. the creator of the game says she wants the game to dismantle racial stereotypes. finally, this looks like fun, but a new product from the company segway will be banned. under the uk highways act of 1835, they are classified as carriages and are to be banned. no, aliens have not landed on earth. this is london's royal albert hall, which became a

david: right now, it is easy to point to gm and waymo as the leaders because they have scheduled publicof the technology. ferrying around people in autonomous taxi's. but these will be relatively small pilot programs. others can still catch up. tesla, this is where some of the bulls might disagree with me. tesla is a wildcard because they have the autopilot system in their cars. that is a semiautonomous, but it is not fair to say tesla has no research, and no technology available in autonomy. they certainly do, and musk tends to spring things on people to say surprise, look what we have now. he could be holding his cards close to the vest and we do not know where they are in terms of developed autonomy. david, thank you so much. time for the bloomberg business flash, a look at some of the biggest business stories in the news right now. british bank standard chartered well remain under the oversight of u.s. authorities for the other -- for another five months to build up sanctions compliance efforts. they entered a deferred prosecution agreement to resolve allegations of the banks facili

however, the moon shots, we have back they arell continuing to invest in things like waymo and self driving cars where they see potential, but we will not see them invest as much in things like google fiber, for example, where they have pulled back significantly. emily: -- kathleen: i have to give google a big thumbs up on the pixel. i got my first one and i love it. the android software does surely that was discussed on the call? billion fine $5 the european commission levied on google for the way they say its dominance on android phones like the pixel. handset makers may, as a result of this ruling, start charging google to preinstall google apps like chrome or browser apps. google is appealing the ruling. they would not get into how it would impact the business going forward. however, they are going to accrue this over the quarter. google ceo sundar pichai talked about where they stand right now. take a listen. we will always take constructive approach. we will appeal the decision and take the process available to us, but we look forward to finding a solution that above all preserves the

. >> reporter: drive ai joins waymo in running self-driving vehicles with passengers.nger tests after its crash in march killed a pedestrian. >> so you feel like that type of accident is an avoidable accident? >> it's something we have absolutely designed around and we are taking every precaution we can to make sure that type of incident doesn't happen. >> reporter: the vans have radar on the grille, and ten cameras on the roof to give them a 360 degree view of the road. they also feature screens on their sides, front, and rear, alerting pedestrians and drivers to what the driverless car is doing. inside, this screen shows passengers what the car sees. do you have any safety concerns with this launching? >> we feel very confident in its ability to be safe in our community and safer than the human driver would be. >> reporter: frisco mayor jeff cheney. >> i feel strongly that this is very much a test and to get public acceptance, but when we come back and look at frisco five years from now and certainly ten years from now, it will be all over our roads. >> reporter: tes

walmart is testing a program with waymo. it is shuttling customers to pick up grocery orders placed on line. it is only in arizona right now. walmart says the purpose is to improve grocery delivery, but take on amazon. you are not on the self-driving bandwagon? >> for the elderly in particularly, it would be a great significance. >>> right now, the trade truce with the eu and the united states. >> the president and eu stepping back from the edge of the trade war. both sides say they will hold off on new tariffs and try to resolve other issues as they work on a larger deal. >>> the predicate of your question -- >> i did not ask you a predicat irks. i asked a question -- predicate. i asked you a question. >> both sides demanding answers about the president's private meeting with vladimir putin. >>> and a scare at the u.s

waymo in particular has covered millions and millions of miles., but, of course, whenever there is a crash, we have more data. >> we talk about legislation, tim. what about the insurance industry being ready for this change. >> it's definitely a big concern for insurance, of course, because the cars are expected to be much more safer. but there's a lot of questions who's liable in a krarnld will you need insurance. right now you will. but going forward we may see a dimple approach. you buy into a program and insurance is baked into that. we're beginning to soo they. it's like volvo. you pay a given amount per month and you get a car and insurance and everything else you need. >> it's interesting. i interviewed the ceo of uber a couple of months ago and they were introducing their flying taxis. i'm curious while these companies are developing the technology, the demand is not quite there yet. what do they see consumers don't see? >> there's not only demand. there's fear. americans are afraid of this technology, they don't want to drive themselves.

waymo brought a self-driving van. gus they are using to make building materials for space. >> it's a good chance for us to engage with the community, and engage with city leaders and get to know our peers in the industry. >> i'm proud it'sen in mountain view because we're like the hub of technology and it's awesome to see all of this in my backyard. >> the city of mountain view has created the showcase as a way for people to see more of what's going on around them every day in the city. >>> coming up in the 6:00 hour. 30 people were hut at an -- hurt at an army base in monterey county. what caused a big tent to collapse? >>> and rate hikes coming up in 2019. how much can people expect to pay next year? ice cream inspired iced coffee is here at dunkin' in the flavors you love, cookie dough, pistachio and butter pecan. and now, enjoy any medium iced coffee for $1.50. america runs on dunkin'. >>> we're live in el sobrante at the scene of a deadly shooting that happened late last night. we'll have new information about wh

lot easier the google spinoff waymo isnching a pilot program with wal-mart that allows customers to useck it will be tested in phoenixeive grocavings onies when ordered or weather isweb site. all everyone has been talking about fothe last like five, six days, right. >> right. we need a break fro.atth we ndotheeer things. fey'llo do it. aside from some fog this morning things are looking up. storm tracker radar showing you the flood warnings and w the good news iater level is getting low enough in the district that they'vepped the flood warning for the immediate d.c. area but still remains for ptions of loudoun fairfax and into prince william county and well. yo munsea cou rld still encountr ponding. other than that not a whole loybanom cge a inn annapolis area and then over horess as well. other thanhat, it's just cldy wwest. temperatures outside right here. 60's have pushewe in. ningesth and gaithersburg at 68r annapolis this morning. how about your day ahead featuring a whole lotf rain. we could pop an isolateer shower h or afterno tonrerssunsg the early h afternoon hours as temperatu

wal-mart says it will team up with self driving cars with waymo help its customers.res looking at our 28. s&p 500 down five. 62.5 is the continue with the facebook earnings affect team even more tech companies. you are watching "fbn:am." am tun and puts the championship to bed. sweet dreams, nighty night. as long as soccer players celebrate with a slide, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. pressure, what pressure? the players on the... the next that we had a big day. very big. we met right here at the white house to launch a new phase in the relationship between the united states and the european union and friendship of strong trade relations in which both of us will win. >> breaking this morning. two big stories this president trump announces a breakthrough in europe will facebook stop plunges 20% overnight after reporting disappointing revenues. >> an explosion outside the u.s. embassy in beijing. the bomber was injured. more writing trade tensions with the u.s. behind the blast. do sai

. >>> walmart teaming up with google's self-driving car unit, waymo. now hail a driverless car to bring your shopping to you. we'll explain. sounds good to me. >>> fox news's gregg jarrett, out with a new book. the title, "the russia hoax, the illicit scheme to clear hillary clinton and frame donald trump." i want to know what tangible actions were taken to frame the president. gregg jarrett has the answer on that one and he is next. ♪ napoleon is duping us! all around louisiana... you're a nincompoop! (phone ping) gentlemen, i have just received word! the louisiana purchase, is complete! instant purchase notifications from capital one. so you won't miss a purchase large, small, or very large. technology this helpful...could make history. what's in your wallet? with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on t

difficult compares on the youtube business, on margins we think there's some great optionality on waymo and autonomous driving >> did you buy any facebook on the weakness yesterday are you a believer that it was way oversold >> facebook's had a big decline in market cap yesterday, but you have to put it into context. the stock is still flat year-to-date it came back yesterday to where it was in may. we think facebook are going through growing pains, but it's a tremendous franchise we think there's growing pains with the product and around some of the regulatory issues that they're managing through it's a tremendous franchise and this management team had results before, so we think they'll do it again it's a name we look to add to in the future but not quiteyet. >> all right thank you. >> thank you. >>> speaking of facebook, let's check the stock right now. yesterday it was the biggest single day market cap wipeout. lost about 1$115 billion basically lost a mcdonald's of value, not a store, the entire company. right now a small bounce back. shares up 1.79%, up to 179.41. >>> microchips,

they are teaming up with waymo to get customers to the store to pick up purchases online.sue is how to improve grocery delivery and it takes a swipe at amazon as amazon recently announced two-hour delivery in certain areas. that facebook decline is big. >> mark zuckerberg hit in the wallet. >> the decline in the value of the company is bigger than the gdp. >> of 120 countries. >>> "new day" is ten minutes away. alisyn camerota joining us. good morning, alisyn. curious to hear what an iowa republican congress member has to say about the tariffs and relief that the administration is trying to provide. could be intriguing this morning. >> thank you very much for that tease, dave. it will be interesting to see how republicans thread the needle between supporting the president and the plan for tariffs and his plan for bailouts for people hurt by the tariffs. we will get into that and also the former acting director of i.c.e. on. he has a theory about why the administration is having such a hard time meeting the deadline to reunite the children and parents separated. he will sha

software used to track lift drivers, whether uber stole trade secrets from waymo from other companiespricing antidiscrimination laws. any updates? >> [laughter] tony: you know, i now know what it feels like to be on the other side of me a few years ago. look, without confirming any of that, look, i will say this. we continue to be very cooperative with regulators who are investigating a whole host of issues. that is the approach that our ceo believes in and that i believe in. you know, i think a couple of challenges that we engaged when we started, one was cultural change. that was job number one, as anybody will tell you. the most important thing about a company is its culture, everything else is secondary. so that was job number one. but the other thing that we really had to do was work on the regulatory shadow, the overhang that we want to continue to methodically move through. fortunately, one of the things i encountered was an incredibly talented team of lawyers who have been working on this and continue to work on this, and i think they are now working in an environment where we

oculus and "waymo" showed off products and nasa, as well.e beginning. >> we brought my passion project which is the blade. >> reporter: the folks at hoverboard brought their electric skateboard. >> if i want to go that, i keep leaning and tilt it to turn. >> reporter: there was technology to make pizza delivery better and to put telescopes on planes. and lots of things to ride. the idea is for people to actually interact with the technology to hop in a self- driving car or get on an electric bike. for the companies, it was a chance neat the public and -- a chance to meet the public and each other. this group just opened their office in november. >> it's a good chance for us to engage with the community and engage with city leaders and get to know who our peers are in this, you know, industry. >> reporter: residents called the showcase eye-opening. they say they can't believe the concentration of innovation that's here. >> mountain view is the hub of technology and awesome to see all of this in my backyard. >> reporter: ann rubin, ktvu fox 2

it would be they are heavying up in investment in the waymo or life sciences and we didn't expect it. think it will happen, but that's what we'd watch for >> if there had been thinking that gdpr would actually benefit the larger platforms, and this earnings report we might actually get color on that, baked into your estimates this a which are higher than consensus, do you also believe that >> we weren't expecting that to happen, but anecdotal evidence seems to be that it may have had a small near term positive impact on the large platforms like google and facebook for two reasons. one, these two spent an enormous amount of time just making sure that they could afford it and they spent the money in resources. and second thing is both of these companies get a lot of what is called first party data, so will he donwil they don't ne marks. so there was less controversy for them as they went into the actual implementation and at the end of may those two factors mean this probably was a little bit of a bump up for them in revenue just from gdpr. >> and give us a thought on amazon >> amazon's

. >>> driverless car company waymo wants to take walmart customers for a ride.ntain view based company will soon begin a pilot program in arizona where one vehicle goes to a customer's house, picks them up, takes them to walmart where they can pick up an online order and then it drives them back home again. customers will get discounts on their orders. discounts not yet announced. the companies haven't said whether they're considering expanding the program to other markets. we will keep track of that. >> door to door to walmart, can i go anywhere else? >> can i shop along the way? >> i have a lot off errands to o run, countless movies and tv shows focus on schoolgirls and cliques. should they be telling the stories from the boy's perspective. >> he gave me a c minus. >> from clueless to mean girls, when we think of cliques, we think of teenage girls. >> on wednesdays, we wear pink. >> but a new study out of england makes us rethink the sterotypes. they followed hundreds of 11 and 12-year-olds to better understand how germs spread. they noticed something else ins

being allocated and in this case we've seen so much success working with commercial partners with waymo and loon, giant wireless balloon project, that offset costs significantly. we'll see more in the coming quarter. melissa: liz, what do you think of the beat? we saw that earnings share, 11.75, versus 9.59? >> that is a big number. that's what it's all about. we saw last week short fall netflix results completely torpedoed the stock. that was investors hoping for google, alphabet, excuse me and the company delivered. melissa: you made a big point looking ahead to regulation and with this company i feel they become what microsoft was before. remember when microsoft was the bogeyman and everybody was after them for antitrust and monopoly, this, that, other thing and now the focus on facebook and google, no? >> it is. you're asking a great historical question which is, what sent microsoft into that decade staffing nation? was all of this regulation, anti-competitive investigation, or was it the fact that they missed the technology trend and i'm persuaded looking backwards it was latter. s

"waymo" brought a self-driving van.to make building materials for space. that was just the beginning. there was an electric skateboard. >> if i want to go that i keep leaning. i tilt it to turn. >> reporter: so the technology it make pizza delivery better, puts telescopes on planes, and lots of things to ride. the idea is for people to actually interact with the technology, to hop in a self- driving car or get on an electric bike. for the companies, was a chance to meet the public and each other. a smart transportation company just opened their mountain view office in november. >> it's a good chance for us to engage with the community and engage with city leaders and get to know who our peers are in this, you know, industry. >> reporter: residents called the showcase eye-opening. they say they can't believe the concentration of innovation that's here. >> mountain view is the hub of technology. it's awesome to see all this in my backyard. >> reporter: in mountain view, ann rubin, ktvu fox 2 news. >>> more tonight on the

google for example, they are the android operating system and club leader, as well as in waymo they havethe most automated driving technologies. then a whole host of other technologies around that company. i don't think it is expensive at 20 times the because they are growing rapidly. havether tech companies various valuations around them but we see them as continuing to grow and innovate. we like the position they have. julie: just a dig into this a is somethingthis mike wilson highlighted recently. not just the s&p index by itself, but the premium to its s&p 500. you're looking at a pretty wide gap here. the widest since 2010. you like tech, notwithstanding valuation and you don't think it is worth it at these levels. is that the group you are focusing on the most right now even amidst all of this trade back and forth? is that group going to be more insulated from all of that as well? one.2010 is an odd our theory around a lot of the valuations are growth stock is that it is not that they are expensive today, they got extremely cheap after the financial crisis and remain so for many ye

innovation throughout alphabet's businesses, including mobile search, cloud, google home, assistant, waymohan you think . . . consumers underestimate what they spend on subscription services, like netflix, spotify and amazon prime,. on average, people spend twice as much as they think they do. reeling in those recurring monthly expenditures is also a great way to save money. on average, consumers spend more than twice as much as they think they do: they estimated they cough up $111 a month on such services when they actually average $237. and regardless of the price tag, consumers were "happily hooked" on many of their subscriptions, particularly amazon prime (which recently raised the price to $119 a year), cable tv and music streaming services, such as spotify. which has more upside bitcoin or mega millions?ryan (ácommercialá)(áábreakáá) (áábreakáá) the region is in the midst of a noticeable warm-up as temperatures approach 100 degrees for some inland areas while solidly back in the 90's for many others. along the coast a thin marine layer will help to moderate temperatures with highs ex

mark: there was a situation wheren google and waymo an engineer went from google to uber and took information and the engineer was really at the center of the big california-based trial and alleged crimes over the past year or two. that was a really big topic here that we were covering eight votto. this feels like a mirror image of that. it's not as high profile a case and thenou have apple you have this chinese automaker on the other side of things that's really not a big name. the prior lawsuit between uber , they are two of the titans in silicon valley and that's why got so much attention. it is to be seen what happens here with this charged employee, but it's still an alleged crime and we don't know the outcome yet. ramy: and the idea of i.t. theft is something we been discussing on bloomberg 48 long time especially as these trade tensions ratchet up. mark, always great to speak with you. up next, president trump finally touches down in brussels, saying many nato members are not paying their way. heather.analysis with this is bloomberg. ♪ yvonne: now for a look at some of the story stream

drive ai joins waymo in developing self-driving vehicles for passengers. >> you think that type of accidente taking every precaution we can to make sure that that incident doesn't happen. >> it has ten cameras on the roof to give them a 360-degree view of the road. and it also has signs about what the driverless car is doing. this screen shows what the car sees. >> do you have any safety concerns for this automobile? >> i feel strongly that this is very much a test and to get public acceptance. but when we come back and look at frisco five years from now or ten years from now, they'll be all over our records. >> federal regulations are stalled on capitol hill and sho americans are uncomfortable with sharing the road with an autonomous vehicle. >> they shouldn't be using autonomous cars right now, because they're just not proven. there's amount of great stuff in the autonomous vehicles, but we don't know if they wor yet. >> it's tricky to be in a car that ee's driving itself. >> very tricky. >> i would hop in this without a driver in a heart great and we have only been doing this for a coupl

. >> he was the first to partner with waymo a forward-looking fellow and i think everyone who talked with him never believed he could pull off chrysler. never believed he could pull off what happened with jeep. never believed he could pull off the spin off i don't know why this man was under estimated. i don't know he's a trailblazer i guess people are used to sedate auto people he had a little personnel. i hope he does well. >> and a definite vision, which he executed on. >> yeah. and now as the trade conversation heats up, i mean, fiat is highly leveraged to what happens. >> oh, my. this is mulan's crown jewel and he's a sophisticated person. revered in italy revered in europe. and this is manly, i know everyone said he was going to get it anyway. it was going to happen this there's no good time for what happened. >> apparently he's very ill. it's very unfortunate. to your point, he was planning on stepping down early in 2019 they already had a plan in place. clearly in terms of succession but they had to move to it more quickly than anticipated. >> i think that a man who is consta

. >>> walmart is testing a pilot program with waymo.stores to pick up grocery orders placed online. >> self-driving car is called uber. i sit in the back and it drives for me. i don't have to steer at all. this would be like if amazon rolled out amazon prime but in reverse. everyone is like you great you get in the box and amazon ships you to the storage facilities and you pick up your own stuff! yeah! >>> gives new meaning to "in the box." >> i'm norah o'donnell. gayle king and john dickerson. >>> a deadly california wild fire exploded in size. the carr fire is burning through neighb neighborhoods in redding. this is a huge fire. there was a bulldozer operating clearing brush that was killed by the fire. three firefighters suffered burns. >> the fire ha burned more than 28,000 acres. almost the size of san francisco. it's only 6% contained. the carr fire is one of more than 80 fires burning in the west stretching from alaska to oklahoma. >>> flames lit up the sky overnight. jerry brown declared a state of emergency. temperatures in red

and you have newer businesses like the google cloud platform and then of course you have areas like waymoiving. so we think there is a lot of interesting 2r50drivers here >> and paid clicks up 58%. and cost of those clicks fell over 20% is that driving the share price performance? >> yes, to a certain extent. and on on top of that, if you look at the tacs, they are around i think 23% of the advertising revenues and that is a little bit lower sequentially than last quarter so i think that is pretty good news too >> of the new parts of the business, the bolt gsh -s if yo will, which were you most impressed by in these numbers? >> well, as you know these guys don't break out their revenues when you are talking about other revenues but you look at other revenues and it has grown i think around 36%, 37% year over year. and i think the main driver is the google cloud platform. i mean we here at morning star, we are thinking that the overall cloud space is probably going to grow at around 30%, 35% a year so all of that is pretty good news and then of course as your other guest stated, don't forg