Cnbc im becky quick with joe kernen and Andrew Ross Sorkin the market has come under significant pressure this morning. And the nasdaq off by 143. Its all coming this morning a rough week for wall street 5. 5 that was the worst week since march 20th and all three are coming off of their biggest weekly losses and last month after last week. The dow and nasdaq for the month of june would be down with the projected losses that were looking at this morning. S p is already down for the month of june. Also keeping track of the treasury market this morning lets take a look at that. Treasury yields yielding 0. 08 crude oil prices under pressure this morning too this is a sign of how much is anticipated in terms of a come back not only here in the United States but around the globe and right now wti down about 55 cents. Still trading 35 though at 35. 71 andrew. Thank you, becky. I hope everybody had a great weekend despite some of these losses that were looking at in the market i want to start
Ot on the valleys historic west side. Theres no suspect in custody at this time. It happened last night around 8 thirty near mlk and owens. Police arrived to find two people shot. Both were taken to umc where one of them died. The shooting also prompted road investigation continues, and police dont have many details about the suspect. Well keep you updated on any information that comes down this morning. A valley woman is trying to make her husbands dying wish come true. 60yearold Heriberto Diaz was shot and killed last saturday while walking home from work. The family held a car wash yesterday near bonanza and nellis. 15 thousand dollars so they can bury heriberto in mexico next to his mother. His wifemariais confident they will reach their goaland also believes police will find the people responsible for her husbands death. From what i can see, they are working hard on it. My neighborhood. I see them stopping everybody, you know, in the neighborhood. The family will be holding the ca
Good morning, everyone, im scott mcgrew. I saw a billboard recently that absolutely stopped me cold because its message was so spot on. Here it is San Francisco, meet your minimum wage replacement, an ipad. Hello, may i take your order, it says. It was placed there by a think tank that opposed the citys move to raise the minimum wage to 15 an hour. Though thats exactly what the city did. And i tracked down the fella behind that billboard. Hes Michael Saltsman of the employeement Institute Based in washington, d. C. And funded by big business. Now, i suspect michael and i disagree on a whole host of opinions, but not on this because this is not opinion, its fact. The fact is technology is quickly replacing workers. Not just in factories. We knew that but especially in entrylevel, lowskilled jobs. There are no toll takers on the Golden Gate Bridge theyve been replaced by fast track. Grocery store Self Checkout nothing new, and restaurants like chiles now take orders via tablet. Mcdonalds
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
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