Good afternoon, im scott mcgrew. We usually have ceos, i introduce them with a bit about their company and balance sheet. My first guest is not a ceo. Then i thought, what if he were . How would i introduce him . He has 984,000 customers. Hes head of an organization with revenue of nearly 3 billion, but no profits. A company employing more than 5,000 people working on everything from aviation to security to dogcatching. Sam lecardo is mayor of san jose. The 10th largest city in the united states, and the selfproclaimed capital of Silicon Valley. Hes a graduate of georgetown and harvard and a former prosecutor. Joined by mark million of bloomberg and mikhail levram of fortune. I didnt grow up i spent a great deal of my life in the south bay. There is this feeling sometimes of the little brother status of the south bay. Id like to point out to anyone who doesnt known it that san joses the largest of the three, oakland, San Francisco and san jose are. We still the capital of Silicon Valle
Francisco for our invest in america series where were taking a closer look at some of the biggest names in tech and how theyre changing the way we think and do business and live. Its an amazing thing. You know what . Its also a beautiful thing when the old economy and the new economy converge. Thats what happened today when the averages with the dow jones rallied 113 points, s p advancing 0. 43 , nasdaq increasing. For much of 2016, thats not been the pattern. Oils rallied, distinctly the old economy, or you had the tech stocks, the stocks that dominate our cell phones. But not today. Today they coexisted. What makes this deelectricitiably bullish combination come about. Two different stimuli. For the old economy, its the price of oil. For the new economy, its the price of innovation. Lets start with the former. Today we got Oil Inventories and once again they showed a downturn. Remarkable given the glut we know does exist. Now, its entirely possible that one day well find out that the
Students to show them any threats that they find online so that officers can investigate. Now, so far no one has actually seen a creepy clown outside of a bay area school, but police are looking. It is a threat against the school and or people at the school. Reporter the Oakland Unified School district is the latest to find threats from creepy clowns on social media. Students at two different schools told add might be straighters about the posts. We deployed resources, vetted the threat, we call fbi, joint Terrorism Task force. Police continue say which two schools are mentioned. In fairfield that district received threats naming four schools. It is a scare sweeping the country, but so far only people in costume have appeared. The Bay Area Police arent clowning around. Theres no validity to the threat, but we also maintaining a patrol presence. Reporter while police investigate, real clowns say the threats are no laughing matter. It is annoying to us as real clowns and it makes us sad.
How chaotic this gets as residents race for essentials. There will be evacuations in brevard county. The governor urgedos coastal residents to leave as well. If matthew florida there will be massive destruction that we havent seen in years. Again, this is a deadly storm approaching our state. Gas stations are getting filled up. I was at the new walmart last night. The lines were crazy there. I recommend everybody get their stuff now. It most certainly is not just florida. Areas of South Carolina are also fleeing the storm. Governor nikki haley announced plans to evacuate a quarter Million People from the coast wednesday afternoon. The evacuations are centered in lowlying places for now but that will expand. Just north of miami to jacksonville, florida, right now were seeing winds of 120 Miles Per Hour. Next stop, into the bahamas. The progression is going back to category 4 strength as it approaches florida. Here is one of the models we are looking at. First the hurricane warnings and
Inside a grad student dorm. The only way youre going to deal with a Sexual Assault is by cracking down on it. Walter and his classmates have been required to participate in Sexual Assault prevention education. Some students fear awareness isnt enough to keep students safe. I think its a matter of culture, and i dont think that necessarily changes right away. There have been no arrests that occurred over the weekend. Reporting live in the stanford campus, nbc bay area news. Thank you. Just into our newsroom, major news recording a battle a Silicon Valley company is facing. Theyre shutting down and laying off about 340 employees. The stakeholder, Elizabeth Holmes says the company will focus on rebuilding after several investigations into its practices. Therenos claimed the first blood test that could diagnose diseases from a single drop of blood. The old northern Southern California rivalry applies to water conservation. And yes, we are beating l. A. New conservation numbers are in. And