For that retailer and they are getting optimistic about the holiday season. Lori thank you. Adam hopefully somebody is optimistic. Some bad news may be coming. Management trouble have abercrombie and fitch worried about losing their spot in the s p 500. According to a report, the shares are taking a hit over the last year. Jcpenney shares lost half of their value. Indexes looking to make room for a spi spinoff starting to trade november 2. Lori shares of deere on an upbeat. Expecting construction sales to surge things to the housing recovery and said that will help offset weakness in agriculture struggling. Soft Commodity Prices leads them to cut spending. Adam the message the fed is still pushing to the market. Federal reserve chairman ben bernanke hinting near zero rates even after Unemployment Rate falls below 6. 5 . My next guest says the fed is nowhere near raising rates and shouldnt even be thinking about tapering. Joining us right now to discuss all of this. Congratulations, you
Morning. To our first guest, jason lempkin is a partner with Storm Ventures and a person we like to turn to to explain some of the news of the day. Jason, i want you to think inside the box. Specifically lets start with two companies, wurn called box, filed financial papers for an ipo. One blog says their ipo will be a test for cushy tax stocks. Drop box recently announced new services and apparently secured 500 million line of credit. Our reporters Harry Mccracken of time and sarah burr of usa. I hate to start the show with a line of credit. A half billion in credit. What does a Small Company need that for . Lets step back for a minute. These companies arent small companies. Box is doing over 200 million in revenue, growing over 100 a year. We dont know about drop box yet. Historically drop box grew faster and was bigger than box. I wouldnt be surprised if were doing three or 400 million. These little companies from a few years ago have all grown up. Whats interesting is theyre consum
Word. Im a grateful american for these two gentlemen. Because i pray to god theyll get more traction this time than they did the last time because it will work. And i think its wonderful that theyre extending themselves the way they are for no personal gain but the better of the country. And we need more people like these two people. This is the greatest country on earth. Were going to be fine. Were going to go through some tough times, but were going to be fine. With people like this, we make it to the promise land sooner. I hope they are both listening and i can tell them how grateful they are for what theyre doing. Keep it up, fellas, and the we can do anything to help, give us a call. Thank you so much. Thank you for having us. You get younger by the day. Jose, lets get to the ladies and play some fwofl. Squawk on the street begins right now. Lets do it good tuesday morning. Welcome to squawk on the street. Im Carl Quintanilla with melissa lee. Cramer is back. Welcome, jim. Thank y
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