this is jackson. he is 19 years old and lives in a tiny room. with simon who is 21. we woke up to tons of bugs that people have found. i will fix it. and stefan, also 21. today is a big day for them. they hope to raise $1 million. around here, that is not so far-fetched. so i am coding right now? that you are. gave his 19 it is already created $1 million company. a new gold rush. silicon valley is teaming with investor money. brilliant young people from all over the country are flocking here, hoping to become the next mark zuckerberg or steve jobs. you have any regrets about not even having a high school diploma? no, none. these young savants are charting the future. can we just see you control the car with your mind? [laughter] and changing the world. what happened in san francisco in 2,015 is going to be the subject of history books. . if you are wondering what college students are up to these days, you don t have to look much further than
good morning. breathe it in deep. the weekend is here. and welcome to cnn this morning. i m boris sanchez. is and i m paula reid. boris, it s great to be with you. we appreciate you getting up bright and early. amara is skiing somewhere in europe. here s a look at what we re watching this morning. overall we created more jobs in two years than any administration created in the first four years. president biden taking a victory lap following a strong jobs report. where we re seeing those jobs. plus a stunning free falls that led to the second largest bank collapse in u.s. history. and testing the waters. presidential hopefuls sworm iowa this week as the gop race heats up. we have new reporting about when ron desantis might announce that he s running. i looked on the ground and it was flooded. he seems to be in a smiling mood for a natural disaster. california soaked by the another round of storms. those atmospheric rivers washing out roads, collapsing bridges and
a great opportunity to ask so many people things about the future, and we thought we would ask a few questions that run a little bit of a gamut really quickly. we thought it would be interested to ask you in year 2025, what is the thing you are most certain about? more people will have access to their own health information. what do you dream for something in 2025? that less people have to say good-bye too soon to people they love. that s a great one. can you tell us a secret? i don t have many secrets. are you a scientists or a technologist or entrepreneur? i think entrepreneur. i was trained as an engineer but now my time is spent on doing whatever it takes to realize this mission. theranos, if we can shift toward a model in where we are determining the onset in time for therapy to be effective, we will change outcomes. you founded this company 12 years ago, right? tell them how old you were? i was 19. there was never sort of a plan to drop out of st
a great opportunity to ask so many people things about the future and advice and we thought we d ask a few questions that run a little bit of a gamut really quickly. i m sorry. you ll also be looking into the lens. okay. we thought it would be interesting to ask you in the year 2025 what s the thing you are most certain about? more people will have access to their own health information. what do you dream for something in 2025? that less people have to say good-bye too soon to people they love. that s a great one. can you tell us a secret? i don t have many secrets. are you a scientists or a technologist or an entrepreneur? i think entrepreneur. i was trained as an engineer but now my time is spent on doing whatever it takes to realize this mission. theranos is a combination of therapy and diagnosis. if we can shift toward a model in where we are determining the onset in time for therapy to be effective, we will change outcomes. you founded this co
that ensures bank deposits and overseas financial institutions. the agency says all insured depositors will have access to their deposits no later than monday morning. the fdic ensures deposits of up to $250,000. why did this bank fail so quickly? it is an old school bank run in a modern economy. you can point to two reasons. the first is that the fed has been increasing interest rates since 2022. that has an effect on thing bank s assets, which means its unrealized bonds were worthless money. those increased interest rates has had a devastating effect in the tech sector at large. the tech sector has seen layoffs and funds been sold off. that has led to panic. that s led to group chats of founders of vcs all abuzz with what to do with svp. that led to panic. nobody wants to be the last customer held at a bank. help break down all those affected. svb was the premier bank in silicon valley. we ve seen tech companies banking at svb as kind of a badge of honor. right now we