he didn't tweet, he didn't post on facebook in the more that donald trump was banned by silicon valley to shut him up and ostracize him, the more he became everyman. he was everywhere and he was nowhere at the same time. they are obsessed with him but the only thing that is left of donald trump was his wonderful record. so joe biden did exactly the opposite of what trump did and it showed us that trump had done wonderful things. so i guess the message of the election was you've got to have that trump populace message, we've got to be angry and not take things from the left but when they control silicon valley and the corporate media and entertainment and k-12, you've got to be very careful how you target and focus your attacks and the irony was that by trying to destroy trump on social media, the rebirth him. i think it is really important for the republican party whether it is trump or his rivals to keep that message. remember, the republican party, they lost seven out of the last eight popular votes, presidential votes. and they have not won 51%. youngkin almost did. it was 50.9% or

they are funded by hollywood, silicone valley and wall street and the lobbyisties in washington. they are leaning left. but the heart of the democratic party bernie sanders. he really is president. i don't know if people understand that. he just doesn't have to show up. >> sean: joe didn't know we were paying $450,000 to illegal immigrants who don't respect our borders and senator. -- sovereignty. he told our own peter doocy stop talking about. >> there is a reason he likes ice cream. he never has to worry about getting a brain freeze. >> sean: [laughing]. your daughter will be a better governor but not a better stand up comic. appreciate both of you being with us. up next shocking new report about zero experience hunter biden. are the bidens compromised my china and russia and a big announcement about this show straight ahead. - [narrator] modern life, different schedules, different meals, different times. how do you keep everyone happy? with five cooking options, the cuisinart griddler is the ultimate in versatility. it has a full griddle, a full grill, a half grill, half gridd

in silicon valley and beyond, this is bloomberg technology with emily chang. [] standby emily: it's always day one. a sneak peek of my upcoming bloomberg studio 1.0 sit down later this hour. and, meta-platforms. the company formally known as facebook will shutdown the use of facial recognition technology on the facebook network. this is the same tech that alerts users when photos they are in are uploaded, enabling them to tie their selves. does it signal a new stance for the company on privacy? we will discuss. all that in a moment. let's get a look at the markets. the relentless rally of stocks pushing benchmarks to the all-time high with investors bracing for a key decision from the fed. our ed ludlow is joining us now with more. what will detect play today? >> tech is the better performing group. i am focusing on the nasdaq 100. up for a seventh consecutive day, matching the gains we saw in june. but the strength wasn't universal. there were pockets and tech that did suffer on tuesday. the plot index down by around 1%. the biggest drop in around 10 days. we know there is a big federal r

. >> from the heart of where innovation, money and power collide, in silicon valley and beyond, this is bloomberg technology with emily chang. emily: hot housing market. twitter and tiktok users are raging against the real estate firm as it

like a big chunk of our sort of masters of universe whether they're in silicon valley and so on, don't know the world outside of a relatively narrow elite american of kind of band and i think it's a failure of education and high school as well as college that they don't have that range of cultural and historical knowledge and grounding. but i don't think it would get better if you just did away with the four-year experience altogether. >> well, let's take some calls. ralph is our guest. the new york times columnist and karen is calling in from tampa. good morning to you or good afternoon to you. >> good afternoon. mr. douthat, my question is, i'm very -- i'm confused by the conservative christianity's concept of the minionism to take control of seven cultures. seven mountains, family, religion, media, entertainment, business, and government. how, why do they -- to me this conflicts -- is in conflict with the constitution on a very basic level, that is with the idea in article 6 that there should be no religious test for anybody, for any qualification of office and also, that there shou

valley, very competitive. if you're still around today you're probably very good what you do. i looked at thousands of companies. so taking that experience over to public market markets was key. we have a portfolio management style that reduces risk. that is very big in tech growth. if you have your losers, they're not performing well, you have to be able to cut them and move the money over to the winners. charles: sometimes that is easier said than done because these stocks can be extremely valuable. many times i had a who had, sizzling stock, taken a haircut, months later i'm crying why didn't i sell it? why didn't i take the old adage of selling your losers when they come back so quickly? that is tough one in this arena, isn't it? >> that definitely is. the cloud winner of the year is up about 300%. we held through 40% drawdown. it is highly specialized. more than a full-time job. it requires daily, hourly monitoring and then also just truly knowing your products and your strong management teams. a strong m

valley i believe in the american story and the genius of our founding and principles we become the first multiracial democracy in the world. i believe in an honest accounting. with the challenges of jim crow that i went every person to know america is an extraordinary place and every kid to feel proud is not a partisan issue that is factual. gerry: that is good to hear and i very much agree with you but i still wonder if maybe your colleagues especially the progressive caucus are completely on board. after the break as consumer and other prices are soaring the president is passing the buck on inflation but who is he blaming? (vo) singing, or speaking. reason, or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything. every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match dat

on my seven-day forecast, you will see on thanksgiving, if you are doing the silicon valley turkey trot, cold to start, 48 at 8:00 a.m. in san francisco we're going to stay dry over the next seven days. highs in the 60s. morning lows in the 40s. not too much of a difference in the temps. >> the bonus piece of pie at midnight. >> all you can eat if that's your house. >> you're getting wild. we're getting crazy. >>> it's not just an issue for teenagers. the effect of tiktok on middle-aged adults. i did some early shopping this year. one for you, one for me. awww. i love it. i got us a little something, too. yeah? yep. one for you and one for me. i love it! oh! actually, that was.. i love it! i like red. current eligible gmc owners get over 25 hundred purchase allowance on 2021 gmc sierra light duty crew cab models when you finance through gm financial. we are professional grade. gmc ♪ i see trees of green ♪ when you finance through gm financial. ♪ red roses too ♪ ♪ i see them bloom for me and you ♪ >> all you can eat if that's ♪ so i think to myself ♪ ♪ oh what a wonderf

valley elite the very wealthy and then we are going to have the middle and lower middle class. that was inconceivable. i'm cautiously optimistic. >> that's good. i'm feeling that already. let's start with peasantry because you talk about in the book of subservient rural president a labor of inferior rank but then we got to the middle class and millions of americans are becoming a new version with declining wages and so on and new urgent. >> that's a funny word that's latin for rustic which doesn't exist in a latin vocabulary. there's no word. the same thing is true in greek. there's no word for peasant and i don't think there is a word in the american lexicon for peasant. it's a cultural term and their agrarian send farmers. they have the foreign experience because we had a viable middle class so it's to protect the middle class. there's no citizenship before it 2780 and we want to pass on to our children to grow an investment and we want that property protected. out of that comes these auxiliary rights. this is what jefferson and tocqueville always said the same thing. maybe w

golden gate silicon valley sending me these lovely flowers to cheer my desk. we love getting out in the community. follow me to find out more information about that organization. >>> when you stay in a vacation rental, did you know the host may be watching you even inside? >> if you think cameras are totally forbidden from vacation rentals, i'm afraid you're wrong. the host might be able to have cameras outside the house and in some parts of the inside. let's look at the ground rules. vrbo says you can have them outside but not inside. airbnb says we prohibit any cameras or recording devices that observe the interior of certain private spaces such as bedrooms and bathrooms. cameras not in certain private spaces might be allowed. airbnb says we require hosts to disclose all security cameras in their listing. say you find a camera that's not supposed to be there. what should you do? airbnb and vrbo said to contact them immediately. you can also contact a lawyer and law enforcement, especially if you think a camera was intentionally concealed to invade your priva

what about these monopolies in silicon valley? it's crickets. the doj under joe biden is what they accused the doj of donald trump of being, personal lawyers for the president. no, that's garland. >> dagen: greg? >> greg: it's interesting. we've had this crime wave a year. all the focus seems to be on a the noncriminal. in every every element, every story, they pick that side. underneath the undercurrent of everything is like a loathing of the average american, of being stupid, rittenhouse's mother. that's what they see americans as. just like -- they don't know those people. the worst part is about how they're embracing the practices of east germany. they're freelancing -- the government is not doing it. they're freelancing their motives to citizens so deputizing them as snitches. it has to stop. if it doesn't stop, the parents and the citizens will stop it. because you can't create a country of snitches. you know what happens? you get stitches. >> jessica: i hope texas is listening when people go to exercise their rights about abortion? >> jes

that's why we come out to silicon valley every year. they are possessed by the future, they don't want to be trapped in the past. it's good for business and has the added advantage of being good for the planet. on a day where the dow lost 269 points, the tech heavy nasdaq jumped 0.4%. it's easy to see the power of the future that's how you pick the right stocks i'm always helping you try to make money by any legal means necessary, whether i'm teaching you directly, being taught myself or teaching you in the investment club. but you're going to see real teaching when you see our visit to nvidia's headquarters earlier today. wow. mind blowing now, if you have a sense, a good sense of thefuture, it's easy to identify possible winners but there are all sorts of time frames for the future. when you see the nvidia tour, you'll get a vision of the distant future now, though, we need to deal with the closest future, which brings me to our game plan for next week. you know that most of today's downbeat action was caused by one more dollop of cov

which is way that big tech power and power in silicon valley merge with estate power to become the fourth branch of government operating out of the west coast and that's true with or without a.i. it becomes smoke screen. >> i couldn't agree with you more thanks a lot for your time really appreciate it. >> all right thank you. dan: now it is time for our lightning round, woke story number one kamala harris can't seem to stop humiliating herself and country here she is in paris patronizing group scientists with terrible french accent. >> the government -- the campaign would be bland -- upper case c and the environment is expected to defend the plan. [laughter] dan: prompter says ad lib reaction. that's my reaction. [laughter] story number two -- we all know youtube is a total mess and joke we know censorship that's their thing. but how about this? youtube wants to remove the dislike button? do you think dislike button is anything to do with the fact that the white house gets slammed with dislike buttons and time they put a video up noy worries there. here's story number three you know coffe

the second harvest of silicon valley spent the day getting ready for thanksgiving as well, providing this video of busy volunteers putting together boxes or families in need this year. the food bank in san jose says nations are down this year, so they could use donations of food or money. $50 can provide up to 100 meals. lisa, it is chilly out there right now but it is going to be a nice day. lisa: that breeze is kicking up in parts of the bay area. he can see the camera shaking here. it was pretty windy in san francisco, but that is working to mix the air and allow for some 50's around the bay area, while we had 30's in the valleys of the north bay. 51 in san francisco, 43 in mountain view, morgan hill, much warmer than usual and we are near 60 at half moon bay. it is pretty mild out here and as we look at the numbers in the north bay, still cool up in santa rosa. uimproving. 45 in novato. sunset issssss have plenty of sunshine. this morning, temperatures are 10 degrees colder in santa rosa. how about 71 today in the south bay? liz: there's never been a better time to switch to xfin

valley to recreational opportunities like the bayland. all the information is on your screen right now. the city is celebrating the moment with a ribbon cutting and actually it's happening in one hour from now. it will be held on the balan side of the bridge day. what's the weather looking like out there for those attending this event. it's going to be great in the 60's. will have lots of sunshine today and tomorrow. >> don't forget, though, to have those headlights on little bit sun sets earlier now with the time change, y ♪ ♪ ♪ ♪ ♪ ♪ with chase security features, guidance and convenience, banking feels good. chase. make more of what's yours. >> welcome back. it's 9.15 on this saturday and we're going to get another check of weather with meteorologist dave spahr who is giving us a closer look at. >> sunshine. dave. >> sarah is looking marvelous going on here for today. lots of we a little sprinkle going on overnight. how are you? nice to see and he should. the east bay shoreline is now being treated. all the sunshine to this

he's reporting now from san jose where the second harvest of silicon valley is saying they need more help. >> tracking and distribution kicked into high gear at second harvest silicon valley in and say we've been doing this for 20 bucks. didn't secure south be families rely on the food bank. year round. but there is no busier time than the holiday season volunteer in team lead in answer been more than 400 hours of this year. ever since covid the numbers have just gone through the the food bank is feeding about 450,000 people each month. that's an 80% increase. >> from before the pandemic. this year. we're providing 22% more for peace than he did last year. second harvest ceo leslie botches says the organizations budget has to keep up with them and it has added 15 more trucks opened a new warehouse and increased its staff 40%. at the same time, it has ended its traditional food collection. drives with barrels to be more efficient. >> but joe says second harvest has enough food but needs volunteers and monetary donations. and actually when people donate. >> money to us, we could stretc

bite dances looking for 300,000 square feet in silicon valley. facebook is also hoping to expand with an additional 700,000 square feet. officials say this would boost the economy. if signed, these deals would be among the biggest in the bay area since the start of the pandemic. yahoo! is pulling out of china. the sunnyvale-based company siding increasingly difficult business and legal environments. yahoo! will cut access on november 1, the same day china's sweeping personal information protection law went into effect. this limits the information companies can gather and how the information can be stored. an electric car startup backed by amazon is getting ready to go public next week. rivian automotive i i i market valuation of nearly $55 billion. they are developing delivery vans for amazon, which has a 20% stake in the market. its best-known products are an electric pickup that has beat tesla, gm, and ford with its debut on the market. let's take a live look at th lok new york stock exchange, trading is getting underway this morning. we are do

. >> was i find it telling people in silicon valley and look at the most elite private schools, they often of zero social media policies that they try to establish cultures were like you don't use phones and you don't connect with each other on social media. the fact that that is a trend in the elite high schools in silicon valley should be a warning to us all. it is super scary to me we're not taking like the safety first perspective with regard to children. like safety by design is so essential tickets because the burden that we have set up until now this idea that the public house to prove -- prove that facebook is did you come facebook is never have to prove that the product is safe for children. we need to flip that script. with pharmaceuticals a long time ago we said it's not the obligation of public to say this medicine is dangerous for its obligation of the producers to say this medicine is safe. it was done over and over again and this is the right moment to act, , the moment to change the relationship with the public. >> and if i may just on that point, sorry, my screen see

three rounds of silicon valley funding for her idea before she was 24 years old. under friendly questioning from her defense attorney, one of her against attorneys, kevin downey, she talked about the early days of theranos. how she dropped out of stanford at 19 years old after doing some research on microfluidics which became the basis for her invention. initially she thought of a pill people could swallow that would send out data in realtime over how somebody was doing healthwise then it turned into a patch. ultimately after dealing with pharmaceutical companies and talking and doing more research, the idea of this microblood testing device, which ultimately did not work again, by the time she was 24 years old, she had contracts with big pharmaceutical companies. pfizer, glaxosmithkline, bristol-myers squibb all of this now on display for the jury as they get a sense of the elizabeth holmes that dazzled wall street, dazzled investors and dazzled silicon valley a lot more to come next week, including potentially some pretty rough cross examination. >> scott cohn l

. >>> getting to coachella from silicon valley just got a little easier. the big announcement coming up next. >>> it's been in the works for years but today a new pedestrian bridge open in the palo alto. if you drive 101 you might have seen it. the mississippi than 100 feet over. you probably noticed the construction if you drive 101 that's been going on for a while. it didn't take long, as you can see, for people to get up there. look at the new bridge that will allow for year round access to the mainland. >> a lot of people already using it. looks good. >>> traling between silicon valley and coachella valley got more convenient. today the airports announced they'll start running daily flights between the two cities. the san jose airport director says it has been a top requested route for several years. so every morning flights will leave san jose to palm springs and head back to san jose. alaska airlines will provide the daily service. >> san jose rocks. >>> this rocks as well. still ahead, nourishing neighbors. how much has already been raised, next. (s

big data to help solve the problems faster and sense in the heart of silicon valley she realized there was a potential business and took the pandemic to show the world how big health tech could be. >> there was a lot of interest but not a lot of uptake and when covid hit suddenly the entire medical infrastructure on the research side needed a technology to execute clinical trials so within a week we got calls from all over the world saying could we use your telemedicine and use vital signs? everything shoifted from 5% of the industry to north of 60%, 70%. >> it is entrepreneurs like this that remind me how big the transformation is that's happening in data and cloud. industries not getting the full benefit of measurement and artificial intelligence. think about the clinical trial groups not relying on those close to a hospital. >> my understanding is there's a way to speed up sort of fda approval of drugs and maybe related to the clinical trials. >> she said that the process for getting a drug approved takes about 12 years and that's the enrollment and speed that up by a factor of thre

this week the 49ers distributed their favorite dishes, teaming up with second harvest of silicon valley. the niners gave food to over 750 families in need. it was an in person event, which is rare these days. it comes at a great time because head coach kyle shanahan said his family is always mad at him this time of year. >> thanksgiving is awesome for us because we speed up the whole schedule. it feels like we get a little bit of vacation because on thursday we get home at 10:00, but we speed up the schedule so we can get home by 7:00. usually i see about 12 people very upset with me and very hungry and irritated. when they come to visit us, they have to wait until i get home, and i go to bed pretty after and they get annoyed with me and i tell them just let me go to bed. casey: ever since in custody after making a series of instagram videos this morning waving a gun and saying people were in his home trying to kill him. he was taken into custody without incident several hours later. hopefully he gets the help he needs because some things are just more important than football. and earni

ownership between nasa's ames research center in silicon valley and chabot space and science center to re-envision stem learning in oakland. our kids are going to be able to really see what it means to be out out in space. i'm super excited that chabot is not only here and nasa is here to stay here in chabot, but that we are able to bring nasa to the city of oakland to where they are. the center will officially reopen its doors to the public tonight at 5. that's in eight minutes. larry better get over there right now up next. we're all set to help. you have a better weekend and if you love coffee, this will be the place to be what makes new salonpas arthritis gel so good for arthritis pain? salonpas contains the most prescribed topical pain relief ingredient. it's clinically proven, reduces inflammation and comes in original prescription strength. salonpas. it's good medicine. coming up tonight on abc 7 at 8. it's shark tank followed by 2020 at 9:00 then don't miss abc 7 news at 11. why settle for a good weekend when you can have? better one it's possible because the bay area is doing

i'm joined now by elizabeth dwoskin, the silicon valley correspondent at the washington post. sorry, that disappeared off the prompter and i lost your name for a second. good to have you. can i ask you if it was somewhat excited because it seemed to catch the market by surprise with matt dorsey posted his resignation letter on twitter as twitter ceo. iie posted his resignation letter on twitter as twitter ceo.- posted his resignation letter on twitter as twitter ceo. he said that he had made _ twitter as twitter ceo. he said that he had made this _ twitter as twitter ceo. he said that he had made this decision - twitter as twitter ceo. he said that he had made this decision in - he had made this decision in consultation with the board but clearly it was a very closely kept secret because and very sudden because it was announced on a twitter day of rest, which is a date when the whole company is about to be all. so it seemed really unclear and call thousands of employees by surprise. and call thousands of employees by surrise. ~ .,, , and call thousands of employees by surrise.

silicon valley as a number of overlapping network effects. it has a network effect of being the hub by which a lot of english-speaking entrepreneurs from around the world come to start their software or key technology businesses. there is the hub for capital and the knowledge and the investing that goes into it. there is a hub of talent for people growing these companies, which is the reason i wrote this book, how do you build companies at a global scale and attract the talent? there is the network effects of learning out of sharing information. it is part of the reason why silicon valley, the whole bay area has 3.5 million people tops, that's not the tech industry, and why half of the nasdaq emerges out of silicon valley. it is for those kinds of reasons, and those network effects are what makes silicon valley great. david: what about around the world, is china likely to pass silicon valley as a leader of technology? reid: i think it's one of the greatest concerns that silicon valley-knowledgeable people have, because china is amazing. it ha

they want to make a difference, and right now, silicon valley is where you get that chance. the better they do it, the better they feel, and more important for the home gamer, the more money they make for you. so the bottomline, sometimes you accept that having a purpose can also mean having a stock price that is higher provided the company in question is on a mission to make lots of money. and it's based where we are all week, the heart of silicon valley in california let's go to chuck in florida chuck. >> caller: hey, jim. >> chuck >> caller: i just wanted to ask you a question, first of all, we're the same age, and my favorite show growing up was "wall street week. >> friday night, 8:30. loved him. >> caller: and my favorite guest was john templeton and that story how he bought every stock on the new york stock exchange that was $1 or less at the end of the depression. it was a great story >> great memories of that show let's make some money together what's going on? >> caller: i wanted to ask you about this amd merger. i listened to the amd conference call and lisa sue s

amazon itself is not in us silicon valley necessarily. but that whole the ecosystem of e commerce is there, it is actually legal to steal up to a $1000.00. and that way pointing out there is that these goods end up being sold by 3rd party sellers on amazon. and so amazon is benefiting from the moral ethical and legal collapse in california made possible by fear money. because, of course, when you print monster fear money and it goes to the hands of a, say, a jeff bezos, he runs amazon, he's got political influence. so i just again, in america and i think i really do believe if you put a chart and you made a chart of the, the cost of buying a politician around the world, i think america's the cheapest. i think you can buy a nancy pelosi or somebody like that for a few 100 bucks. whereas in other countries, it actually costs a lot more in europe and these other countries. i wish american, ah, politicians demanded a little bit more money for their influence. nevertheless, here we have this ongoing story of plunder and looting happening here

>> from the heart of where innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology." ♪ caroline: i'm caroline hyde, in for emily chang. this is "bloomberg technology." building cutting edge chip fabrication plant in the longhorn state. travel bookings at a record. get a look at what to expect ahead of next year. and taking a look at supply chain issues ahead of the holidays and if supply will be able to meet demand. will catch up with the shutterfly ceo on holiday predictions. we will get to all of that in a moment, but let's get a look at the markets. the tech sector. kriti gupta is in the house. ♪ kriti: it takes a cue from oil, i will walk you through it. today's big news was the release coming out from the biden administration, 50 million barrels put on the market for oil and a way to combat the inflationary pressures you're seeing. to take away for the market is that it is a short-term solution. the oil price still higher at the moment, looking ahead to the demand after the sdr impact. that's where you start to see yields creeping a li

here in silicon valley, we have lucid. it just won the motor trend car of the year award. it's not even out. it could be just in your brain we're going to see tomorrow who doesn't want to be the next tesla? who doesn't want to own the stock of the next tesla? that is the real driver here fourth, how did financial technology become a west coast obse obsession? it's a great thing the east coast does financial innovation we develop securities. on the west coast, they're more into engineering than financial engineering. you want a tech one banking, you need to talk to people who run square and you need to speak to max glevchin from affirm he's trying to cut the credit card companies out of the consumer lending because you know what? they're now getting generations trapped into their financial chains another concept. another reason to come out here. when i got out of school in the early '80s, my goal was sim pat particular could he with wall street i wanted to make as much money as was legal without breaking the law. if you had a cause, you could take your profits and donate th

silicon valley is full of far left individuals. there is secret about that. i have no hope that twitter is going to change or all of a sudden from the light. this is a company where jack dorsey, paraphrasing her, he says it's time for twitter to get away from the founders. no, it's time for twitter to get away from censorship and compounding policies like letting the ayatollah overrun to eat trash about israel while president trump, the leader of the free world governments blocked. it could of affected votes. we don't know. i don't have hope of changing. silicon valley's full of left s. >> harris: i wonder how far away he was from that one decision that you and i talked about a lot with senator tim scott and that racial slur that was not curated by algorithm, but human beings that allowed the hashtag to cook along on twitter. dr. siegel. >> dr. siegel: you're not going to see anything change but i wouldn't hold your breath. parag agrawal is a technical officer and he's interested in keeping money flowing. they want 350 million users by the end of the year. th

. >>> in a california courtroom, one-time silicon valley star elizabeth holmes was on the stand for a second day receiving in her own high-profile fraud trial. kristen dahlgren is following it. >> reporter: today the jury hearing from theranos founder, elizabeth holmes in her own words, fighting back by telling jurors she thought her blood testing device was a really big idea and describing clinical results as excellent holmes pleaded not guilty to charges she defrauded investors by lying about theranos technology saying it could run range of tests on a few drops of blood. >> we'd like to see a world in which every person gets access to this type of basic testing. >> reporter: the company once valued at $9 billion put holmes on the cover of magazines backed by big names like the walton family and rupert murdoch but the prosecution has tried to paint a picture of a con woman who knew the device didn't work. defense documents indicate they will argue holmes former partner and boyfriend was pulling the strings. in spite of holmes once saying the buck stopped with her >> anything that hap

first tee of silicon valley and youth on course. i have two young boys, and they are in both programs. great job. >>> that's a look at sports. more after the break. the xfinity black friday sales event is happening now on xfinity mobile. now new and existing customers can get our best wireless deal of the year - up to $1,000 in savings - for a limited time only. on the most reliable network nationwide, plus nationwide 5g. act now and save up to $1,000 with xfinity mobile. so you can go all out on gifts for the family - during our best wireless deal of the year... the xfinity black friday sales event. click, call or visit a store today. >>> christmas tree farms and lots are really getting into the spirit this weekend. >> yeah. the piedmont scout tree lot opened today. here we go. a lot of shoppers out there looking for that perfect tree. this particular lot is a tradition for many in the east bay. it was founded more than 50 years ago by a boy scout troop. and this year, 1,600 trees were up for sale, and they are going fast. that's w

kicked into high gear at second harvest silicon valley in sand and say we've been doing this for 20 bucks. and secure south be families rely on the food bank. year round. but there is no busier time than the holiday season volunteer in team lead in the answer been more than 400 hours of this year. ever since covid the numbers have just gone through the the food bank is feeding about 450,000 people each month that some 80% increase. >> from before the pandemic. this year. we're providing 22% more for peace than he did last year. second harvest leslie botches says the organizations budget has doubled during the pandemic to keep up with them and it has added 15 more trucks opened a new warehouse and increased its staff 40%. at the same time, it has ended its traditional food collection. drives with barrels to be more efficient. >> but joe says second harvest has enough food but needs volunteers and monetary donations. and actually when people donate. >> honey to us we could stretch much farther for every dollar donated concerts and update for 2 meals. >> say they believe in the work th

chance that there is going to be a recalibration for the democratic left hand at the of e party of the silicon valley elite and very subsidized poor for the upper middle and lower middle classes and that was inconceivable so i am cautiously optimistic. >> let's start with peasantry because you talked in the book about a subservient role resident and labor of inferior rank and millions are becoming a new version. >> that is a funny word. it doesn't exist in the classical vocabulary there's no word and the same is true in greek but there is no word for peasant. i don't think there's been a word in the american lexicon that we don't call people peasants. there is an agrarian, three holding so if that is a foreign experience because we had a viable middle-class so it starts to protect the property of the middle class. there is no citizenship between 2700 bc so then we want to pass it onto our children and they take a long time to grow and investment and we want that property protected and out of that comes these auxiliary rights. this is what jefferson always said the same thing that this country

or parts of california silicon valley where we are immune to that but you have to take it. rittenhouse working class kid grabs a beer with his mom big crime condemned on twitter for that believes in the idea of self-defense. and he i understand created the basic natural right of self-defense embedded deeply in the american idea by defending his communities against looters and arsonists. and so that's where i think all the hatred against him is coming from. >> sean: what frustrates me the very elites implementing these policies destroyed by the middle class and lower income class americans say that their policies are actually going to help them when they're actually hurting them. great analysis. we talked about this a little bit. but is the anger from the left really in regard to guns and are guns in america the great equalizer. >> i think that if you were a poor american last -- or less wealthy american last year during the summer of violence. what you learned is that the left wing could run rampage over your city and there was nothing the government would do to stop it. an

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valley, robots don't get tired. they don't drink they are a steady hand it seems like in some ways they do a better job. >> i think today we see it as an evolution. we've always been part of trying to provide -- enable our frontline employees to be more efficient, drive greater productivity, starting off by providing a mobile computer or scanner. but today with a mobile robot, you can now offload a lot of the walking time that they have. if you look at somebody who works in the warehouse, they routinely would walk six to eight miles a day. and with robots, they can walk much less. so it takes away a lot of this. >> that's the kind of waste that's eliminated. that's great. >> this is much more efficient you still need a worker to do certain tasks. >> now, when we first started talking about health care, it was something you wanted to dig in. >> yep. >> but now you're a dominant force. how did that happen? >> we were very early getting into health care in our space. the catalyst for this was around the medical health

valley bank or svb financial, the parent, down nearly 4%. comerica, down 2%. the spiders of spdr regional bank down 2.5% watch those for financial rates. as for what is working and what is not, a lot of things are not working. not covid related. united airlines and norwegian cruise line, both reopening trades, both down big. meanwhile the ones that are supposed to do okay, the stay-at-home ones for fears of covid, peloton and zoom video down both. zoom video off 4%. maybe rising interest rates playing into the growth story and knocking expectations down apple standing out, up 2%. technology seems to be the place, at least with apple's side of things that people are flooding into in times of uncertainty. a tough spot for the fed back to you. >> thank you >>> let's get to the comments made on capitol hill that spooked the markets. steve liesman is here with what sparked the sell-off we had the embargo testimony yesterday afternoon, we thought it was going to be hawkish but it got even more hawkish today >> you're right, melissa fed chair powel

silicon valley became a by word for cutting edge technology. so, the u.s. went from them release of the 1970s, when it looked like our best days were behind us. that we couldn't compete again. that we're going to fall behind. we had to keep temperatures down 55 during winter time. to a nation that was really on -- was driving the world. the amazing thing is after those tax cuts 50 nations around the world imitated those cuts. so, you had a global boom. relating to what laurie said, in the 1970s, especially in the demoralize after nap mat of the vietnam war and the hubris the late 60s -- and by the way, the book on the great society chronicles that time in the late 60s when we lost our way -- but in the 70s, we faced the aftermath of it. as laurie pointed out. in central america, it looked like other countries were going to go the soviet way. in africa, angela and mozambique. human mercenaries. they or falling and fell. europe itself, the soviets put in missiles, short-range missiles, to really displace nato. which enabled us to win the cold war. but the who

i think companies in silicon valley that revive their business plan is also leaving their customers and contributors are going to fail. >> yeah, if that's how they approach it, then they're going to make themselves superfluous. in fact, they seem to anticipate that. if you proceed in business on the assumption that your job is to make your own customers superfluous, , you're going to n out of things to do it that your business model, aren't you? >> i think it's quite absurd. i'm even contrary enough to not believe that -- i think technology is continuing to advance at a tremendous pace, but it don't think it's advancing any more rapidly than it did at the time of the industrial revolution. i think that nobel laureate economist william nor house -- nor house did a study of the advance of writing. this is the invention, creation of light, the amount of lumens you need to light a room at night. and he shows that the advance in lighting has been a hundred thousand times more rapid than is measured in the economic models. essentially, economists while they are writing about them satanic mill

you really see the attitude representing a trent in silicon valley. living in a world where it is normal. new technology companies could create harmful effects. so, i want to ask may be a little bit more of a critical question. to what extent has safford university, you have a long history and a lot of experience in working with students, to what extent have they actively and successfully created the very culture where disruption is admired. giving access to the company but also inviting ceos and other tech executives and to teach. i would love to hear a bit of a reflection from each of you on how stanford plays a role in that typical disruptive ecosystem. starting with rob and shooting for this question with jeremy. >> absolutely. a significant responsibility for some of the problems we see a big tech and for that cultural orientation to aspire. looking for ways to code in your pajamas and roll your product out quickly and see what happens throw spaghetti on the wall and figure out any problems downstream. personally, i have seen in teaching generati

in silicon valley and beyond, this is bloomberg technology with emily chang. [] standby

. >> we see an absolute growth in silicon valley and the growth of the technology industry. maria: you said the boxes are from afghanistan comes with consequences. >> why don't we just leave? we empower the taliban and there is a fundamental misunderstanding it is self-delusion on the part of the biden administration. >> are you saying prices are off is that a sellers market quick. >> it is. >> but it's also generic in some respects it could be the hardest market out there. maria: looking at where markets ended the we get was busy that record center hitting new record highs on the back of strong retail earnings and recovering labor market. there is still the big threat of rising inflation joining me to talk about that with managing partner in former raymond james vice chairman fred, it's great to see you this weekend. thank you for being here. >> needs to be here. thank you. maria: a lot of signals on the macro story some are better than expected retail sales numbers better than expected retail earnings with inflation so how are you investing right now and is that the story?

valley to revise their business plan and contributors as well. >> yes, that is how they approach it and then they are going to make themselves superfluous. they seem to anticipate that. so if you proceed in business on the assumption, you're going to run out of things to do if that is your business model. >> yes, i think it's quite absurd.hi inc think technology is continug to advance in the tremendous place. i don't bank that it's advancing any more rapidly than at the time of the industrial revolution. and i think that there was an economist named lord house, he did the study of the advance and there is now part of this. [inaudible] these mills, all of these different mills and the different energies and whether it is electricity and allll of that and that includes by the amount of time that a worker had suspended to eliminate it. and that includes the industrial revolution as well. >> that's fascinating in its measured by the number of hours that it takes a look at things to earn to approach it, the goods and services that sustain life and this continues to be a golden age and te

>> from the heart of where innovation, power, and money collide, silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: debates continue to rev up. he planned to sell them long before his twitter pole. we will talk about what that means. humble shares dropping after a drop in the subscribers at its european dating app. we will talk about the future of dated and a post-covid world. the record-breaking shopping festival, singles' day, raking in sales. how it impacted the chinese tech giant after a year of increased scrutiny from beijing. we will have a look at that again in a moment. but first, tesla fluctuating on the back of share sales. sonali basak has the full picture. sonali: you have the s&p jumping back a little higher. not a big one but it was after two days of decline and guess what, more than that the nasdaq is rising higher with the russell 2000 rising even higher than that. you have a pretty broad-based rise here on the day with volatility that hasn't been enough to deter some of the risk-taking we have seen. our crypto index is a bit lower today

♪ >> from the heart of where innovation, money, and power collide in silicon valley and beyond, this is bloomberg technology with emily chang's. emily: i'm emily chang and this is bloomberg technology. a tale of covid winners and losers. a rebound boosting uber and airbnb. uber reporting it's first ever profit. airbnb reporting its best quarter ever. peloton plunging on agreement outlook. we have it all. the light at the end of the tunnel for the chip crunch, what investors seek with qualcomm's earning outlook, soaring on the back of the forecast with the ceo about whether the worst is over. the former ceo of google says the age of ai is here but should we be excited or terrified? he will join us for a conversation about the power of artificial intelligence, algorithms, and big tech and how humans can coexist within. we will get to all of that in a moment but let's get a look at the markets, tech and retail driving the s&p higher while the nasdaq extended its rally into a ninth straight day. ed ludlow has more. happy birthday. ed: there is a lot for investors. the fed will wind down