LIZ: WE NEED TO SHOW YOU SOME OF
THE TECH STOCKS THAT PEOPLE
WATCH QUITE A BIT.
SARGE JUST SAID NETFLIX WAS
SAVING HIM.
I DON'T KNOW HOW THAT IS.
IT'S DOWN 2.33%.
APPLE DOWN TWO FULL PERCENTAGE
POINTS, AT $157.
REMEMBER IT HAD A TWO HANDLE A
FEW MONTHS AGO?
MICROSOFT DOWN NEARLY 2%.
WE HAVE A LOT OF RED ON THE
SCREEN.
THIS AS WE KEEP OUR EYES ON
LONDON'S GATWICK AIRPORT, AS
ABSOLUTE CHAOS HAS ERUPTED
THERE.
LONDON'S GATWICK AIRPORT IS THAT
NATION'S SECOND LARGEST.
NOW, TWO ROGUE DRONES OVERNIGHT
ILLEGALLY FLEW INTO RESTRICTED
AIR SPACE.
ALL THE RUNWAYS HAD TO BE SHUT
DOWN AS POLICE PUT ON A CAT AND
MOUSE CHASE HERE.
PLANES WERE GROUNDED, THEY STILL
ARE.
ALL EZ JET FLIGHTS HAVE BEEN
CANCELED, TENS OF THOUSANDS OF
PASSENGERS HAVE BEEN AFFECTED.
AUTHORITIES ARE NOW SAYING THEY
BELIEVE THIS WAS A DELIBERATE
ACT TO DISRUPT FLIGHTS DURING
THE BUSIEST TRAVEL DAY OF THE
HOLIDAY SEASON, AND REPORTS ARE
THAT POLICE HAVE CALLED IN THE
ARMY TO DEAL WITH THE SITUATION.
IT WILL NOT REOPEN BEFORE
TOMORROW MORNING.
NOW, JOINING US IN A FOX
BUSINESS EXCLUSIVE IS THE MAN
HIMSELF WHO PREDICTED THE RISE
OF THE DRONES, VENTURE
CAPITALIST TIM DRAPER.
TIM, THANK YOU FOR COMING ON IN
A FOX BUSINESS EXCLUSIVE.
YOU HAD REAL FORESIGHT FIVE
YEARS AGO.
>> MY PLEASURE.
THIS SHOULD BE FUN, HUH?
LIZ: THEY'RE NOT HAVING FUN IN
GATWICK.
>> NO.
LIZ: YOU HAD THIS FORESIGHT FIVE
YEARS AGO AND IN FACT, I WANT TO
PLAY A SOUND BITE FROM FIVE
YEARS AGO, WHERE I WAS DOING OUR
THREE DAYS IN THE VALLEY SHOOT.
BY THE WAY, WE ARE BRINGING THAT
BACK.
AND THIS IS WHAT YOU PREDICTED.
LISTEN AND THEN WE'LL TALK ABOUT
IT.
WHAT DO YOU SEE AS THE REAL
ACTION, THE REAL GROWTH
POTENTIAL IN THE VALLEY NOW?
>> DRONES.
SOMEHOW GETTING YOUR PIZZA
DELIVERY TO YOUR BODY IS GOING
TO COME VERY QUICKLY.
I THINK, YEAH, ABSOLUTELY.
LIZ: AT THE TIME I THOUGHT YOU
WERE A LITTLE HM, HM, HM BUT NOW
THEY ARE DELIVERING PACKAGES TO
REMOTE HOSPITALS IN AFRICA.
WHAT DO YOU MAKE OF WHAT'S GOING
ON AT GATWICK AIRPORT RIGHT NOW?
>> I HAVE THIS SORT OF THING
WHERE I'M IN THE VENTURE CAPITAL
BUSINESS SO I HAVE A PRETTY GOOD
VIEW OF WHAT'S GOING TO HAPPEN
IN FIVE YEARS AND MAYBE NOT SUCH
A GOOD VIEW OF WHAT'S GOING ON
TODAY.
AT DRAPER ASSOCIATES, WE BACKED
A COMPANY THAT WOULD MAKE IT SO
A DRONE COULDN'T FLY, THE
SOFTWARE WAS BUILT IN SO IT
COULDN'T FLY IN A RESTRICTED
AREA.
ACTUALLY ONE OF MY DRAPER
UNIVERSITY STUDENTS HAD ANOTHER
IDEA THAT WAS ACTUALLY DOING
THAT SAME THING IN FOUR
DIMENSION, THREE DIMENSION, SO
THAT ALL X, Y, Z AND T, AND TIME
WOULD BE INCORPORATED INTO
MAKING SURE DRONES DIDN'T GET IN
THE WAY OF AIRPLANES OR WHEREVER
THEY'RE NOT SUPPOSED TO BE.
LIZ: THE TRUMP ADMINISTRATION
HAS BEEN SUPPORTIVE OF THE DRONE
INDUSTRY.
THEY HAVE DROPPED A LOT OF
REGULATIONS, EASED SOME OTHERS.
BUT THAT SOUNDS LIKE SOMETHING
THAT WOULD CERTAINLY HELP SOLVE
OR AT LEAST MITIGATE THIS TYPE
OF PROBLEM OF AN AIRPORT SHUT
DOWN.
>> YEAH.
I'M ALWAYS A BELIEVER THAT THE
ENTREPRENEUR CAN SOLVE THE
PROBLEM BEFORE THE GOVERNMENT
REGULATION CAN.
LIZ: ALL RIGHT.
I WANT TO SHIFT OVER TO
FACEBOOK, BECAUSE YOU HAVE BEEN
AN UNABASHED SUPPORTER OF MARK
ZUCKERBERG AND FACEBOOK AND NOW
THERE'S A LAWSUIT.
WASHINGTON, D.C. IS FILING SUIT
AGAINST FACEBOOK SAYING IT
VIOLATED A D.C. RULE AND IT ALL
COMES BACK TO THIS CAMBRIDGE
ANALYTICA SCANDAL WHERE MILLIONS
OF FACEBOOK USERS' DATA WAS
COMPROMISED, GIVEN AWAY WITHOUT
THEIR PERMISSION TO THIS
CAMBRIDGE ANALYTICA OPERATION
THAT THEN USED IT FOR POLITICAL
PURPOSES.
WHAT HAPPENS WITH THIS LAWSUIT
AND DO YOU SEE IT SORT OF DOMINO
AFFECTING EVERYWHERE ELSE AND
OTHER STATES COMING IN ON THIS
LAWSUIT?
>> SO I'M ALWAYS GOING TO BE
SUPPORTIVE OF THE ENTREPRENEUR.
I MEAN, THINK OF WHAT ZUCKERBERG
AND SHERYL SANDBERG HAVE DONE.
THIS IS AN EXTRAORDINARY
BUSINESS.
IT DOES AMAZING THINGS.
IT'S INCREDIBLY ENTERTAINING.
IT SPREADS GOOD CHEER AND WHEN
SOMETIMES THE NEWS IS BAD,
USUALLY YOUR INSTAGRAM IS GOOD.
IT SPREADS GOOD CHEER AND A LOT
OF GOOD INFORMATION AROUND THE
WORLD.
THEY'VE DONE AN EXTRAORDINARY --
LIZ: BUT THEY'VE GOT TO FIX IT,
TIM.
>> AND YOU KNOW, I FEEL LIKE,
YOU KNOW, WHEN YOU SIGN UP FOR
ONE OF THOSE THINGS, YEAH, YOUR
PHOTOS ARE GOING TO BE SHARED.
KIND OF GET OVER IT.
BUT SHARING THE DATA, I KNOW
IT'S A SENSITIVE THING BUT I
THINK THAT SHOULD HAVE BEEN
WRITTEN INTO THEIR LEGAL
DOCUMENTS AND SO THAT EVERYBODY
KNOWS.
BUT REALLY, I'M A BIG BELIEVER
IN FACEBOOK.
I LOVE THE COMPANY, I LOVE THE
SERVICE.
I REALLY LOVE MARK ZUCKERBERG
AND I REALLY LOVE SHERYL
SANDBERG.
I WISH THEM ALL THE BEST.
LIZ: WE WISH YOU THE BEST.
WE'VE GOT BREAKING NEWS FROM THE
PRESIDENT AND THIS POTENTIAL
GOVERNMENT SHUTDOWN.