Reporter and from cnbc and msnbc. We appreciate it. [inaudible] [applause]. With a congressional hearing. So i will not curse tonight. I will try not to. We should probably start off. Thank you for coming especially those of you who are standing. But yes thank you for coming this is nice. And the section dear to my heart about venture capitalist on twitter and this was is relevant and then venture capitalism. [laughter] thank you for your service. Do you hate yourself asked the therapist in berkeley . [laughter] that comes on strong for the intake session but then following venture capitalist on the microblogging platform the venture capitalists discussing the universal basic income and i cannot look away very concerned about the potential of the urban poor as the oceans temperatures took the added habitability that specifically the question if they are china would own it. And then to have the renaissance to do the work for the rest of us so we can focus on our arch. And then the ratio
At 4 30. As we look live towards the report. For more head to cbs money golden gate brimming. Cant see it except for the lights on top. Watch. Com. I am Diane King Hall at new hello, fog. Hello, thursday morning. We are ready to go. York Stock Exchange when straight ahead, bart is on a its thursday october 17th. I am kenny choi. Mission to boost ridership to a i am michelle griego. Bay area airport. Coming up, the agencys plan to mary lee is off and lock whos get you to your flight faster. A lets head outside once here emily turner. You went over the golden gate again. As we look live at the city of brimming and saw sprinkles. I did. San francisco. I move from traffic over to look at that fog. 57 degrees to start the van gogh. Weather. But i can at the time you about both when it come to the Golden Gate Bridge. Its wet out there and not just there but most of the coast. Look at our high def doppler a few sprinkle many mostly in the south bay zooming into where we are seeing most of it.
Really disappointed, both for earnings and its forecasts, down 8. 7 . Many analysts saying this is the bottom and that things will get better than here and that expectations were too high in the first place. Wells fargo finally has a new ceo. That has that stock up 4. 7 . 170. S at they needle is getting smaller and smaller. Guy i think they are calming down. Lets take a look at the week. Lets take a look at exactly what we have come. This is the week that was incredibly tight ranges apart from one day. That is the impeachment scare, that is the effect it had on european markets. If you exclude that, take a look at the rest of the week. Trading rangeht for european stocks. The pound was down earlier on in this session. Trading 1. 23 now. A hawk now turned dog is starting to indicate that rate cuts in the bank of england could be required, even if we get a briggs deal. Off of that, the ftse 100 trading higher. What is happening 80 a big deal is in crude market. We saw prices go up on th
Especially, for antitrust. What is your take on that . Speak to one of the important factors is the california ag is not one of the 48. Only two states declined in california is one of them. It could be and i have not had the conversation with the attorney general about it but google is a google based company and if we want to look at how its doing its Business Practices is important to do it in the a thoughtful way and i know that the department of justice and the federal trade Commission Also talking about doing investigations in competitive practices with these companies. Its good to look at this and investigate it and make sure committees are behaving. Im not sure bringing companies up is a good idea and these are Big Companies with a lot of tentacles and a lot of employees and if you break the company up like that and managed to do it there will be unintended consequences. For example, what will happen to the data that these companies own how will be parsed that up and coming peop
Road cbs and viacom finally inked a merger deal. We speak to buy comes a ceo about synergies and the road ahead. And chinese Online Retailer alibaba defies the slowdown of missed a trade war with sales surpassing expectations. First to our top story, it was a big week for tech ideas with fleet work and cloudflare filing to go public. The Web Security Company cloudflare has been in the news lately, given its relationship with controversial message board, 8chan. Three alleged gunman posted manifestoes on 8chan before three Mass Shootings in the united states. Cloudflare stop providing services after el paso, texas, less than two dozen dead, largely taking the platform offline. So, is now the time to go public for cloudflare . Like many other tech ideas, especially in software, it is not profitable. It has a pretty good growth rate, though. Its really trying to look at its competitor, fastly. Fastly went public earlier this year and is doing ok. There have been some sources who were askin