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tv   Press Here  NBC  January 10, 2021 9:00am-9:30am PST

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this week on "press: here," a new president, a new plan for nasa. but should we change the space agency's goals every time we change our leadership? an actual rocket scientist will weigh in. katie roof looks ahead to more stock market debuts and more silicon valley high-tech looks to texas. that is this week on "press: here." good morning, i'm scott mcgrew. san francisco has always been a city in flux. from the gold rush to years as a naval base to the dotcom rush,
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the city by the bay today is never the same city tomorrow. the latest change to me seems to be the notable number of companies moving out. many to texas. charles swab is moving headquarters to dallas and or acal poving to austin. tesla threatens to leave but never does. in an article titled my time covering the bay area exodus from denial to alarm, the reporter quotes the ceo of the bay area council as saying, i suspect we're still at the early stage of actual headquarters exodious. i thought i would bring them both to the tv set to talk about it. mark, start with a list for me. schwab was a big one. what others are moving out of the area. >> we heard about oracle leaving and what is disturbing the number of companies who are no longer kpited to staying in the bay area. when i checks with wells fargo,
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chevron, language from 18 months ago where they were planning to keep the headquarters here was removed from the latest statement. stating a fact that they continue to be based here in the bay area and that's rather alarming. >> it was irning, think it was chevron, original statement was some to the affect we've always made our bay area in the home. >> that sends a signal there could be movement afoot. >> it is like reading the federal reserve. jim, to your point, you think this is just the beginning? >> well, you know as the head of the bay area council, part of my job is to be in contact with folks that are ceo's and regional managers of consulting firms, accounting firms, and so on, commercial real estate firms, and what they tell me is that their clients who are very, very diverse, large, medium and small companies, are looking strategically at the question of what is our commitment to
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california. maybe a headquarters question, it may be a growth question. it may be a tax question. but this is become a thing for bay area companies to be thinking about strategically. and it is not how do we grow more in the bay area, it is how do we reduce our presence and so i'm thinking about how to eliminate it. so that is very alarming. and something that i think we should all be very, very concerned about and mark has helped bring this to light in his coverage through the san francisco business certainly. >> and one of the things that is obviously sped this up is covid. one of the explanations the companies gave to as why they have headquarters in the bay area, despite high rent cost and traffic and issues, was this was where the smart people are. and i'm not just saying that to show off to the rest of the world. you could really statistically document, that is where a lot of the talent is. but the talent could go anywhere. >> things are changing. we're in a time of immense
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change. and we don't really know where this leads. we just know that it is causing companies to think strategically about the future. and the business climate itself was always in question here. we've been dealing with that for a while. taxes, burdensome regulars and difficulty getting things done. and when you add on to that the effects of the pandemic, especially remote work, that companies no longer strategically may be as invested in campuses and having these large investments in their employees being here and giving them freedom of choice to go other places when you lump that on top of the high housing crises of bay area which is out of whack with the rest of the country and then add into the quality of life issues that people are experiencing pre-pandemic, homelessness, feeling that the streets aren't safe and the cities to some degree and then the wildfires, the quality of life and the environment. every year people stuck in their
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homes in the summer. so a perfect storm is kind of a tried statement that i think that is sort of what we're facing and one of the reasons that we think that our leaders need to take this very, very seriously. we're still incredibly powerful position when it comes to being the center of technology and innovation, not just in the country but in the world and i'm not sure that is likely to change. but the trend is not one that i think any region should be impressed by. we need to be growing our leadership and our presence and not seeing it diminished and i think that is what we're facing. >> and mark, in many cases we're talking about not necessarily the entire company leaving but in the case of oracle, for instance, we're talking about the c suite leaving and we saw this with boeing in seattle. they're headquarters is now in chicago. but boeing still has quite the presence in seattle. >> they certainly do. and time will tell what oracle's
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presence remains if the bay area. there are clearly thousands of workers that want to stay here but there are thousands that find texas and no income tax status is quite attractive. so we're only going to have to tell over time how much do we lose that oracle headquarters last. >> i have to be neutral but not on cities in texas. i want to move to houston. but both of you have been to austin. austin is a pretty desirable place to live. >> yes, it is. and it is often of the top of the short live of people want to leave the bay area. >> if i'm an average person and don't wark for chevron or own the restaurant across the street from chevron headquarters or what not and to be clear chevron said it is staying for now. but what do i care? why do i care where chevron goes or where the headquarters is if i'm not involved? >> so, economy is some of the
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part and in the bay area case we've been greater than the sum of the parts. we've created quite an innovation financial capital here. it is a remarkable thing. and having that is a tremendous advantage to the people who are here who could -- who we had unemployment down below 3%. incomes rising. there is certainly some inequality in issues that need to be solved and challenges to the infrastructure when you grow quickly. but that is a set of problems that any region would call a really good set of problems to have compared to what we've seen in other regions around the country, think about the rust belt, cities like detroit who was the innovation capital of the world back in the 1950s and so forth. and in a very, very brief period of time, saw its legacy just completely decline and it is been fighting its way back ever since. so we shouldn't take things for granted. we are in a world of change. we're not only in a change here
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in our country, but it is now a global economy. so we have pressures in innovation not just coming from texas and from colorado, and seattle, but we have it comes from china and from japan and other parts of asia and from europe. so we have to really think about our status and our position and when you suffer economic loss and you start seeing -- we've already lost hundreds of thousands of jobs to pandemic. there is no guarantee that these jobs are coming back. i don't think all of them are. a lot of the jobs won't get lost by tech people because they may not live here any more, they'll have a job somewhere because they're in a place where they could have a job. it is the folks who work in the restaurant or the service industry who are dependent upon the overall economy for the state of her life and those are the folks who will get hurt and they may not be if a position to go to another state or pick up and leave because of responsibilities to family and
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other things. so i think a number one goal of a state of a region has to be to make sure that it its economy is strong and thinking about the future and looking around the corper and planning and we believe that having a stronger economy is a better idea than having a weaker one. >> mark, same question to you or similar question, is that that san francisco has had a bit of a love/hate relationship with the high-tech, the tech on one side on the other hand bringing great wealth and upward mobility into san francisco. i think there are people who may feel ambivalent about the news of a headquarters moving away, and they way want to see san francisco return to the bohemian roots. >> i could understand it but with the tech jobs, and the well-paying jobs that have generated the tax revenue to pay for the urban amenities that we enjoy and they spawn other jobs so it is not just resentment
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about the tech jobs themselves but it is created a level of wealth for the region that we've been able to put to work in ways that we desire. >> jim wunderman and reporter mark calfy, thank you both for joining me this morning and "press: here" will be right back.
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i believe that this nation should commit itself to achieving the goal before this decade is out of landing a man on the moon and returning him safely to the earth. >> the first moon landing was a remarkable feat of science. but it was also a remarkable feat of politics. efforts span three presidents, kennedy, johnson and nixon. credit to johnson and nixon for seeing kennedy's vision through. welcome back to "press: here." i don't know much about joe biden's plans for nasa, but we're willing to bet it is different than donald trump's. trump wanted to return to the moon. trump's plans were different than obama's. obama wants nasa to go straight to mars. obama's were different than george w. bush who said we should go back to the moon.
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i think you see the problem here. moon, mars, moon mars, that is not how rocket science works. rocket science is a long-term effort, not a constantly shifting set of goals. where are we going? let's bring in an actual rocket scientist, mckenna young is working for the center for strategic and international studies. she's calling for washington to end its bad habit of changing nasa goals midstream. thank you for being with us this morning. let's get right to what are nasa goals right now? what has trump asked them to accomplish as far as a manned space program goes? >> yeah, well thank you for having me. and currently nasa has announced a new project called art imous, it is the sister of apollo, they're planning to go back to the moon first and have the first woman on the moon and the next man. they're goal is to get there by 2024. do some research there and get comfortable on the moon and
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actually make kind of an outpost up there by the moon. so that astronauts are then able to go to mars. so it is a two prong process and it is the art emis to get the partners together to collaborate to get here. this is something that benefits everyone so let's all work together and make space a safe place to all do research and explore. >> and are you aware of what joe biden's plans? will he be sticking with artemis. >> he's silent so far. the democratic platform plan to support nasa projects right now and getting to the moon. they also plan to do more climate change research and climate research through nasa and noaa which does all of the weather for the government. so it is truly not clear exactly what his plan is. but that could be a sign that he
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doesn't plan on changing much. >> so we have had this problem in the past. because there has been this moon mar, directly to mars, over the moon and over the past couple of presidencies, it has to be frustrating to scientists. >> it is frustrating and these take dozens of years to get off the ground. it is hard to get the funding started and to do the engineering and the science and build the rockets and the rovers. it takes a lot of time and a lot of money and a lot of people. so every time they change direction it is completely starting over. the science changes, the physics change to get to where you need to go and it is a really frustrating process and it takes away all of the progress that they hope to make. >> now there is an idea, there was never actually created in law, but let's create some sort of congressional commission and take the power away from the president and give it to
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something long-term and make the nasa director like the fbi director who serves a longer term than the president does so there is some kind of independence over at nasa. >> yeah. there are definitely benefits to something like that. it is difficult as we get more partisan in the last few years. that saying last president was great, they were on the right track and would not change anything, that is a hard line to sell. the current nasa administrator who has been in theon for last two years, he's already announced that he'll step down with biden comes in because he thinks that the new administrator should be closer to the president and he doesn't feel like that is him for biden. so -- >> which is admirable. but two years in charge of anything is hard to set long-term goals. much less something in which we're trying to go to other planets. >> absolutely. and flip-flopping every four or eight years, for the programs let alone the administrator, it
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is pretty difficult to get anything done. >> now it is understandable that the presidents do want to put their thumbprint on the a space program because it is one of the thins that everybody is excited by. whoever is going to be president when we land on moon again or land on mars, you look at nixon and he deserves some credit but he takes credit for the moon landing. president trump took a tremendous amount of credit for the commercial transportation system which was assigned into law as i recall by barack obama. but there is that president that wants to be, hey, i'm part of this. and so it is understanding that they want to put their own trum print on it. >> absolutely. getting into space is a huge feat. it is extremely exciting to everyone. so it is absolutely understandable that every press wants to say that they made this happen and that is not how it works. space takes so much time to get to. so much effort. and of course president should be proud of it but it is something that you need to recognize that people that came
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before you, they're the reason that we got here. pace is something that should bring all of us together and not something that you should say only because of me and it should unite us and make us really excited for what we've been able to do. >> as an engineer, how realistic that we're back to the moon in what did you say? two years. >> three years i guess now. it is 2021. it is not that realistic, i don't think. especially, it is a huge feat and nasa has to get funding from the government as well. they've had a little bit of trouble getting all of the funding that they wanted. so that is slowing it down a lot, too. getting to the moon, we've done it before. we could do it again. but i think it might take a little bit longer. >> and the idea of going to the moon gives us the information and the skills we need which are now our grandfathers and great grandfather's skills, it is men and women skills of interplanetary travel that will learn how to do this on the way
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to mars. >> the goal is to get back to the moon and get spras travel again and set up an outpost there so that in the future getting to mars takes a long time, months of space travel for humans to get there which is incredibly difficult. it puts a lot of stress on the body. so the goal is to have it as an outpost that could be a middle ground that astronauts could go and get acquainted with being in space and then head on again to mars. >> mckenna young for the center for strategic and international studies. we appreciate you being with us this morning and "press: here" will be right back.
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♪ ♪ oh, this is how it starts ♪ lightning strikes the heart ♪ the day has just begun ♪ brighter than the sun ♪ oh, we could be the stars ♪ falling from the sky ♪ shining how we want ♪ brighter than the sun ♪ i swear you hit me like a vision ♪ ♪ but who am i to tell fate where it's supposed to go? ♪ ♪ oh, this is how it starts ♪ lightning strikes the heart ♪ the day has just begun ♪ brighter than the sun ♪ oh, we could be the stars ♪ falling from the sky ♪ shining how we want ♪ brighter than the sun oroweat bread. gathering, baking and delivering the goodness of nature... from one generation to the next
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and from seed to slice. ♪ welcome back to "press: here." sofia, a reporter over at crunch base recently tweeted it feels like every other day katie roof has another ipo scoop. now the way i read the tweet, it was in admiration. that is i'm interpreting it. so all reporters would be smart to be a little envious. now katie roof is well-known to the viewers of the show. she's been contributing as a reporter for a very long time. last time we were in the studio
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together, she was with the "wall street journal." she's now with bloomberg and i thought it would be kind of fun to check in with katie and see how she's holding up with the rest of us here. good morning. i want to congratulate you on the relatively new job. it is my understanding you haven't been much to the office yet at bloomberg because of covid. >> yeah. good to be with you. so i joined bloomberg in march. actually march 16th the same day that san francisco announced the stay-at-home orders. so i did not spend my first day at office. i actually haven't spent any days at the office except when i was at bloomberg in grad school. so it is a wild time to start a new job and other people are starting jobs in this kind of environment. but i'm excited to be there. >> talk about what it is like to be a print reporter during the age of covid. i've been a bill jealous of
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print woereporters, because tv crews is such an artuous thing and you could call up somebody on the phone and get a quote but i could reach people at home now. how has your coverage changed as a reporter when you can't go into people's offices? >> sure. a mean a lot of the best reporters in normal times are never at their desk. they're at source meetings. i used to get coffee with sources all day long. and go to events in the evening to try to get to know more people. so my job has fundamentally changed. fortunately i already had a big network of people that i knew in silicon valley and tech so that mas has made by job easier, calling on people that know me. but getting to know new people over the phone is new to me. and it is something that all reports are learning to do. i do often go on bloomberg tv but that is been different.
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i call in and everything there is remote as well. so it is been a different experience but i've been trying to just work hard and break as many stories as i can. >> you made me think of something my boss used to say about getting out there and talking to people and he said news never happens in the newsroom. so yes, it is very difficult to get out. i remember once i learned from the founder of youtube that the reason that the logo of youtube is red, it is a particular style of red, a pan tone, i forget the number. it is the red from the cal train logo. and isn't that cool. -- told me that. and it is one of the things that i would never know unless you were sitting there having coffee, and this is years ago. what it was. but one of the little things that you pick up as a reporter that you would not have been able to pick up in any other way. >> totally, yeah. i think building relationships is a big part of the reporter
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job. and most of my best stories didn't come from press releases that were handed to me, they came from getting to know people and asking around and asking hopefully the right questions. so it is been a learning experience but i'm grateful that i have a job that i can still be paid for what i do. so i feel lucky compared to so many people out there. i'm absolutely grateful. >> earlier in the show, we were talking about a trend of companies moving at least pieces of what they're doing away to other places in particular texas. and we don't have to go back over that list. but are you hearing rumblings of that from companies that we have not yet heard official announcements from? >> certainly there are a lot of people in silicon valley talking about making changes. i mean, the pandemic obviously disrupted our lifestyle and then there are some people that have
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gripes about the government in san francisco. but for the most part i'm hearing that most people plan to stay. i think that there are a lot of -- i mean, compared to any other region, silicon valley is by far the leader in tech. and so even if some other region gain some companies or investors, it would take a ridiculous number of people to leave for any other city to really even rival san francisco. so that couldn't happen any time soon. but, you know, any loss of business here is bad for california. and i imagine that some people are paying closer attention and make efforts to try to keep people here. >> you cover venture capital and we're seeing a lot of exits into ipos. bumble is one of them. there is still a lot of ahead. and boy, we had a pretty good year. >> yeah. there are a lot of ipos ahead
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and last year was the venture for raising the most money. we have bumble coming up and we have a firm which is a payments company. we have road blocks which is a gaming related business. we have i pass which is automated software. insta kar instacart and it is incredible the next several months many of which are headquarters in the bay area and we'll have a lot of the companies going public. >> it is an exciting time and i know you'll scoop most of us and we're mostly proud of you but also a little bit jealous at the aim same. katie roof of bloomberg, thanks for being with us this morning and "press: here" will be right back.
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that is our show for this week. thanks to my guests and thank you you for making us part of your sunday morning.
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hello and welcome to "comunidad del valle." i'm damian trujillo. chicano proportions. ♪ ♪ and we do begin with that beautiful artwork at stanford university. it was painted by the late antonio, former guest here on comunidad he will virgin "comunidad del valle." with us is a legend in the bay area, he's done incredible work as well. the director of com


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