When you ask somebody who is not from california what californias biggest industry is, they will often guess technology. Thats incorrect. They will say, its probably entertainment because they are thinking of hollywood. That is incorrect as well. The answer is just south of here. Its agriculture. Just south of Silicon Valley, you will find artichokes and lettuce and Strawberry Fields forever. Plenty wants to bring agriculture into cities with robotic farms inside perfectly controlled and with amazingly high yields. Nate story is the cofounder. Thanks for being with us. Your vertical farms are shipping to 32 stores . You will build a new one in los angeles . Thats right. We are building a farm down there to ship to hundreds. How big can these farms get . When i talk about those fields that are just south of me sometimes i can smell the garlic and onions here in Silicon Valley. We are talk about miles upon miles. You are talking about a building. Can you scale to reach demand . You know,
Youre watching Worldwide Exchange on cnbc top of the morning to you in for Brian Sullivan today kicking off this monday morning with stock futures indicating declines. The nasdaq up about 48 points as you can see but the nasdaq composite overall over the last two days has seen some of that positivity posting a 1. 5 gain with the help of blowout quarterly numbers from amazon. Com, facebook as well the latter coming off of a gain of 10 peculiar on friday for the best one day performance since march 13th of 2020 you can see apple shares over the last couple of days in the green. The major averages coming off their fourth straight months of gains. The s p 500 seeing its best july since 2010. You can see here 20 gains for the dow industrials. 26 gains for the s p and the nasdaq up 40 just over that span alone now in yields they continue to hover near historic lows ticking slightly higher to 54 basis points or. 54 ten year note yields around 11 basis points and the 30 yearlong bond on that t
From one year ago. Investors are waiting to hear what janet yellen has to say about Interest Rates and other things. A couple hours from now, the fed share goes to the capital for the first two day of testimony on Monetary Policy. It will probably last week, they said it would probably best to raise interest but they may not raise until early next year. You can watch it live starting at 10 00 eastern time on Bloomberg Television. The Prime Minister of greece is counting on opposition parties to come to his rescue. The Greek Parliament is in session and set to vote much later today on a deal that would be to another bailout. Matt Alexis Tsipras faces a revolt amongst members of his own party. Obviously, he does not like tax hikes from his television address yesterday that they have already committed to the reforms. Tsipras said greece was left with only two options. We were made to go against the most powerful people in europe and we had two things on the table. First, specific request
The northeast. Bring in cnn National Correspondent gary tuchman who is on pensacola beach, florida. Gary, you were close to the threefile bridge connecting pensacola to gulf breeze, florida, which was certainly badly damaged during the store. Can y storm. s can you tell us what happened . Reporter first, this is still bad. This rain has been torrential for 22 hours now. Since 2 00 central time yesterday and its now noon. Still continuing. Very unusual for a hurricane. Tell you about this threemile bridge on a Barrier Island outside of pensacola. Take a small bridge and then the bridge you mentioned connecting gulf breeze to the bigger city of pensacola. Population 53,000. That bridge suffered damage during this hurricane apparently a crane or a runaway barge hit the bridge. You can now no longer go over the bridge. So normally the tenminute drive from here to the city of pensacola, you cant do it now. Instead, no ones driving right now. Make that clear. To this direction and this direc
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