Welcome to the forum.
I would suggest you to inform Cypress about that problem: At top of this page select "Design support -> Create a Support Case" and post your error together with the OS version you use.
Causes of error code 0x80070005 are as follows-
>>Problem with Administrative rights
>>Problem with user account settings
>>Improper internet settings
You can look into this link also for some help-
iam trying to install this psoc creator but is not possible......
it is showing the errors
pls fix it
keep going on...thank you