This is on the money. Your money, your life, your future we begin with paying for college after you graduate Young Workers earning their first paychecks have a dilemma should they pay off Student Loan Debtor start saving for the future Senior Personal finance correspondent Sharon Epperson finds some companies are trying to help new hires do both. The big payback is this weeks cover story. Reporter recent grad is Building Technology that could some day save heart transplant patients each day is a new challenge its a very dynamic, complex setting, but it is very rewarding. Reporter the 24yearold biomedical engineer had three job offers coming out of grad school he chose this one at abbott, a Global Health care company, not for the salary or medical benefits but because it was the only one with a program that could help him save for retirement while paying off his Student Loans. It was the main lynchpin to why i accepted an offer. Reporter employees usually have to contribute part of thei
Between the u. S. A china will hurt a Global Economy thats already slowing and stocks lower around the world as money moves out of riskier assets and into safer ones. The benchmark yield on the tenyear treasury hit a 20month lownd stocks fell though they finished off their lows of the sessio and the Dow Jones Industrial session fell 321 points, but it had been down more than 400 points and the nasdaq dpped 60 and the s p 500 was down 19. Seema modi has more on todaysi sellg from the new york stock exchange. Stocks tumbling on an economic slowdown and the dow,p 0 and nasdaq all on pace to post their first monthly losses of the year. Trade, key concern here on wall street. It appears as if the deal between the u. S. And china i nowhere close to being reached. The worry is that growth will slow worldwe, that the investors looking for safety in treasurys and as bond yields fall, so did banking stocks. Concerns also pushing retails lo r, and the broad Energy Health care and Consumer Discret
We begin with a cup of joe starbucks was launched almost 50 years ago with one store in seattle. Today the brand has 30,000 stores around the globe, serving 100 million customers a week so, how does a company of this size and scale continue to innovate and stay nimble brewing up change is this weeks cover story and our kate rogers has more reporter inside this 20,000squarefoot facility at its headquarters in seattle, starbucks is trying something a bit different. The coffee giant is acting more like a startup than a 48yearold Global Corporation this is the trier center, where starbucks projects are going from idea to action in 100 days flat. We now have 30,000 stores around the world serving 100 million customers a week and with scale and complexity, it can become the enemy of speed. And so, this was all about how we transform the way we work at starbucks so that we can accelerate the velocity of innovation. Reporter employees at the companys headquarters are able to pitch ideas via a
Joseph. Were happy to have you here. Always. People have things. Its summer. If they asked me next week, i would say no, im on vacation. Even to spend time with you, i would turn that down. You know what, i take everything you say seriously, because it just makes me, right, i believe you. Yeah. Theres no reason to not believe me. Its not necessarily sarcasm. Not necessarily. Lets take a check on u. S. Equity futures. Joe mentioned towards the end of the session, we came off in the middle with the higher beyond yields, take a look at how were set to open. Look looking to lose 8 at the open, the dow looking to lose 49. After a day of declines. The dow fell 291 points on track for the worst week since march. The dow, s p and nasdaq are down more than 2 of the week. For the dow, its the first time it closed below its 50day moving average since june. Check out the pullback in technology. We have been talking about this for some time. The declines are stark. Apple, meta, microsoft, each more
The dow is the laggard. It is up 2. 75 . The treasury yields have been something of interest with the hotter than expected cpi and ppi numbers. Tenyear is 3. 4 . The twoyear is 4. 71 . Bitcoin is something we are watching closely. It is up 60 year to date. 67,872. It has been volatility. Did you have any corned beef . I did not. I had irish soda bread. Green beer . Nope. Did not have any. Green bagel . Nope. We wore green. Parades . I like it better during the week. I do, too. I think im more likely because the kids are in school and get more excited about it. We did set a leprechaun trap. If it would have been a tuesday . Yeah. Tuesday. Apple in talks with google to build and license the gemini a. I. Into the phone. They are in active negotiations to result in gemini powering features to be released by the iphone later this year. Apple has haeld discussions wit openai. We will let you know if we hear anything. The wall street journal is investigating if meta facilitated and profited f