If its covid19 vaccine is effective. Jim, i know that citi news popped for you. Yeah, i candidly mike and donna are friends of mine and friends of my executive producer so i have to reveal that because i say its not about friends its about money this is jarring for those of us older than mike who is 60 but he did work there for 38 years, not retiring until february, but how great. When i spoke to him this morning, how great, jane fraser coming in. The Glass Ceiling in banking maybe a is finally cracking and its a great legacy for mike a period where net income increased from 7. 5 billion to 19. 4 billion, tangible common equity 12. 0 to 12. 5 and returned 80 in capital during mikes reign all those numbers havent necessarily led to great performance a of the stock but they are great numbers mike is a much loved figure as is donna, his wife and i regard them as a team and i know he wants to do many, many things in life and this is a soul searching time, he appointed jane last year, he ma
Live from the bay area studios, this is kpix 5 this morning. Right now, streaming on cbsn bay area, we are looking live at the city of San Francisco from our Treasure Island camera and the bay bridge. It is tuesday, july 21st. I am michelle griego. I am len kiese. Glad to have you with us. Lets go to the forecast as we start the day. Mary lee is standing by. Good morning. Good morning to you. Were looking at another day of cooler than average daytime highs with that strong ocean breeze kicking in. Here is a look with the Treasure Island camera with that gray start and many of us are waking up to cloudy skies. 58 in concord and clearer skies, 57 in oakland, 56 in livermore and low 60s in san jose and mid50s for santa rosa. Here is what you can expect, low 60s in San Francisco, and looking at upper 70s for santa fe and low 80s for concord. The daytime high is one of 5 degrees below average. We will talk about our warm up through the week. Details on that are coming up. We are following t
Dow jones up better than 600 points. S p 500 racing ahead. Over 200 day moving average. A lot of technicians Pay Attention to that. Chicken entrails and tea leaves to moi. A lot of people Pay Attention. Nasdaq three or 4 from alltime highs. Already in positive territory but from all time highs. Greasing the skids, hope for a vaccine sooner than later and Nine Companies are into that, thats right, Nine Companies. Well get into that in a second. Optimistic comments from companies as we speak from andrew cuomo. Hospitalizations also sliding. Number of deaths also sliding that could be a Promising Development when we open up entirely the empire state. The whole drill there is up state, down state, new york city region, everything north. Right now there seems to be growing talk eventually getting new york city addressed. Were on top of that as well. Jackie deangelis following all the fast moving crosscurrents. Jackie, what have you got . Reporter good afternoon to you, neil, after a Holiday
Companies, the same companies that control the lions share of patterns, that have an extra amount of my comp that are able to attract the best talent because that the best food, you know, that have the relationships with universities and it doesnt mean there are not other Companies Like salesforce or nvidia uber that are not doing Amazing Things but its through these nine compass Everything Else flows. The entire ai ecosystem in some way or another patches of these nine. In addition to all of the things i just mentioned they also building the frameworks and the custom silicone chips and they have the code bases. All roads lead to these nine companies, and the challenge that i have is that if its the case that Artificial Intelligence is not just been built to create a better microwave, although thats cool, but instead to optimize our lives come using data as currency, what does it mean when we relegate that to just a handful of companies and handful of people working at these companies
Next on book tv, programs from our archives the focus on technology. Even watch them in their entirety by visiting our website booktv. Org. Use the search function at the top of the page. First of march 2019, nyu school of business professor amy webb, Artificial Intelligence and giving too much power to big corporations. My job is to lower risk for a living. I primarily focus on technology. Over and over i kept going back to the same Nine Companies pretty he sang companies, a controlling share patents. That have extraordinary amounts of money. Theyre able to attract the best talent because they have the best food. They have the relationships with the universities buried and does not mean that there arent other Companies Like salesforce or uber that are doing amazing things, but it is these are through the sign companies and Everything Else flows. The entire ai ecosystem in some way or another touches the sign. In addition to all of the things, there also building the frameworks in the