Silicon Valley Doing Fabulously: Malpass

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Oct. 4 (Bloomberg) -- Encima Global President David Malpass discusses Twitter's planned IPO with Tom Keene on Bloomberg Television's "Bloomberg Surveillance." (Source: Bloomberg)

Discussion, 5000 employees, 2000 employees, that does not create jobs in america.

I think it can spread out.

What we are missing in the current expansion and very weak recovery is that spreading nature.

Silicon valley is fabulous.

Washington dc is busting out.

This is a key question that comes up constantly.

David malpass, is twitter and facebook part of our manufacturing renaissance?

They're oftentimes offshore.

I don't think that is what is causing these upticks in the isn indicators.

The manufacturing in the u.s. that is coming back in because of the competitiveness, that goes into auto parts.

Germany is feeling the pressure from electricity rates in the u.s. being lower than germany.

We have some good things going for us in terms of energy, in terms of the autos and other parts of manufacturing.

Is there any economic data that captures the services that twitter and facebook are creating?

I think the efficiency gains, remember when the internet itself came into existence people try to say how can we value -- we ended up value and get to the efficiency of the economy.

Information is going faster and faster and i think it does have value.

That is showing up.

The question is how can we use it?

Where you value interstate prices -- silicon valley, that is one way.

No jobless reports today.

That is my agenda item.

An economic data drought in washington.

8:30 a.m. is supposed to be -- due to the government shutdown the labor department is not releasing it.

Question is how is this going to impact the markets and the federal reserve?

This is a data dependent fed of a particular -- with a particular eye on the jobs report.

What does it mean that we are

This text has been automatically generated. It may not be 100% accurate.

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