The third hour of today in the bay continues right now. Good friday morning to you. Im kris sanchez here for Marcus Washington. Boy, wasnt it nice to see his smile . Oh, yes. Were going to have him a little later in this hour as well. Im laura garcia. Before we get to weather right now i want to tell you about a small earthquake that hit the north bay this morning. A 3. 3 magnitude quake hit about 5 00 a. M. It was about 13 miles north of healdsburg. No reports of injuries or damage so far. But what a way to wake up at least for those folks. And yesterday we were waking up to pounding rain across the bay area. Kari has a look at our forecast right now. That rain is getting lighter. This storm system is moving out but it was impressive. Now as we take a look at storm ranger, we are catching a break for much of the bay area. Still some lingering showers down around gilroy as well as around the napa area over toward Solano County. Weve seen some of the showers that are now starting to mov
Small companies you might not have heard of doing things you might not quite understand or at least thats true with me. I want to focus in on one area in particular called natera out of san carlos. The company has created a series of tests that can detect the recurrence of cancer. Sometimes years faster than an oncologist will catch it on a ct scan and it is done with a vial of blood. Steve chapman is the ceo of natera. Good morning. While your Company Makes most of its money from something called panorama, this is a noninvasive prenatal test, i want to start with this issue of cancer. You are detecting cancer, the return of cancer to be specific, the dna of a tumor which youre finding essentially in a drop of blood. Have i got that description pretty close . Thats right, scott. Thanks for having me. We developed a new test we call signatera. Were sequencing the entire tumor and making a personalized test for every single patient to track their tumor in the blood. The test has shown so
And s p 500, nas in six weeks. Yeah. Well start with tech. More broadly, ipos and big tech valuations have been surging culture questions continue to brew in Silicon Valley as well i want to talk about that and a lot more with long time venture capitalist whose newest venture is a private and middle school with entrepreneurship baked into the curriculum Draper Associates founder tim draper joins us now. Tim, good to see you i want to start with your take on these markets i was talking just yesterday to the founder of rike. He said he isnt going public this year because he underestimated how well the ipo market was going to perform in a pandemic has that surprised you and what are you saying about it to your Portfolio Companies . Absolutely. I was blindsided i didnt realize that the government was going to print 13 trillion it has been strong for bitcoin and it sure has been good for the Public Markets particularly the tech stocks that have benefitted from that and i think people many p
Legendary Silicon Valley venture capitalist tim draper, he was a very early investor in twitter. We have him in a fox business exclusive on exactly what he thinks and how serious he believes this new move by President Trump ostensibly against twitter and other social media names might really mean for Silicon Valley. And we are looking at many different stories at this hour, specifically let the bidding wars begin. Yeah, the Housing Market. How about that. We know that more states are allowing the reopening of so many different businesses, including Real Estate Brokers who had been during the lockdown banned from pretty much facing facetoface potential buyers. Re realogys ceo is here on just how strong he believes the snapback in recovery for the real estate business really truly is going to be. And the coronavirus lockdowns have taken a toll on americans Mental Health. The hottest app in wellness, in the wellness world, is now focused on pretty much helping you get your mind in the rig
Earnings and econ perspective and focused on what reopening looks like we have Something Like 16 states that have already put forward plans to begin reopening and lifting restrictions to parts of the economy plus seeing some of those efforts take place in europe as well key to all of this, though, jon is testing and treatment, something were going to talk about in this hour. We are certainly. Want to mention the major indices higher, all three, the dow, s p and the nasdaq, by about 1 as we look at this very active week in earnings season, particularly in tech were going to get microsoft and amazon earnings wednesday and thursday everybody likes to focus in on the cloud lines in those earnings because those are the two biggest players. I think the question on cloud for them is going to be which customers are using more services than in the past, which customers are using fewer and then as we start to look out beyond the second quarter, whats the Impact Likely to be in the second half of