dropbox did report a great quarter.e repeat that dropbox reported a great quarter but the stock's monster 15% run in the previous four days had raised the bar, meaning you were also dealing with great expectations and much like reading the dickens novel of the same name, great expectations can be a real struggle so while dropbox rallied to 36 bucks in after-hours trading, it quickly gave back the gains and only saw its shares plunge nearly 10% on friday then today it shed another 6% with the stock actually going back below 30 bucks. it's now back where it was trading before last week's big run-up because of that breakdown, many people are there assuming that dropbox many have dropped the ball it must be horrible. they figure something must have gone wrong or else the stock couldn't have been crushed i'm telling you, that is wrong you had a ton of people crowding into dropbox last week, basically chasing the momentum and betting on insanely out of the world numbers. when the stock ended up going lower, many of those rece

metrics for dropbox. revenues 339.2 million versus analyst estimates of 330.9 that's up 20% year over year and a handy beat there eps 11 cents versus estimates of 6 cents. another really strong beat another key metric analysts will be looking for, paid users they're 11.9 million up from 9.9 million year over year and also analysts are looking at the average revenue per customer that is coming in at 116.66, another handy beat over 113.95 the company also announcing their chief operating officer dennis woodiciside is going to stepping down. it'll be taken over by their director of operations stock right now is down right now a little bit but it was soaring before the earnings release i'll be interviewing ceo drew houston coming up in a short while. >> we look forward to that interview in about 20 minutes time mike santoli, clearly the stock is down a little bit after hours after a very strong beat >> it got ahead of it so it was up 9% on about four times average volume so who knows if it's going to be accep

even dropbox paperwork -- preceded by hack pad. a public company makes it easier to do larger acquisitions. that's something we'll continue to look at. emily: any areas that you are lookin interested in? >> anything that helps us work better together. we take a wide view of that. we look at acquisitions and how we bring big talent or accelerator products or accelerator business. emily: when you look at where the growth is going to come from, will it come from adding customers are somewhere else? >> it does. we're focused on driving subscriber growth and driving revenue for subscribers. on the former, we of hundreds of millions of people who are monetized users who are registered for dropbox. subs we still have a lot of headroom among people that use dropbox to grow. we focus on driving subscriber growth. those numbers have gone way up over the last couple years. emily: some of my conversation with the dropbox deo. ceo. new information on uber's financials. how quickly the ride hailing giant is burning through millions. this is bloo

over the last quarter, we added a bunch of improvements to the core dropbox experience, things like dropboxper templates and a number of improvements to the admin s.perience for ip admin when we think about driving the option of the higher tier plans, some of the newer features like smart sync are only available to the highest tier individual subscription or the business version of dropbox. so we focused first on engagement, focused on making the product as good as possible, and we do a lot on the back end to drive conversion and build into the product ways to match people with either the paid plan that makes the most sense for them, or functionality they are not using yet. so if you are running a space on your computer, we can show you smart sync and that has driven a lot of our expansion and growth in revenue per subscriber over the last couple of years. youy: at the same time, have these cloud giants like amazon, google, and microsoft wanting a bigger and bigger piece of the pie. what will drop box due to differentiate itself? drew: for us, competition is not zero-sum. we have existed al

quite recently, helping dropbox recruit engineers.: what about uber? >> uber we weren't as early in. in fact, i wish we'd an earlier investors because so many of our network was early in uber. >> getting into later stage investment, not everyone has access. part of what has enabled us to have access to investments like that, it is not just based on who we know, it is because we have developed a reputation for helping companies like facebook or dropbox, with recruiting. emily: when you are watching from the outside at uber, what do you think went wrong there? >> it's really hard to manage hypergrowth. i think there was a culture of a no holds barred approach to competitiveness. and i think there's some lines that you should not cross. it's really hard for a company that large to know, which laws are we paying attention to? which laws are we ok breaking? who gets to decide that? at that point, you get into this cultural situation where anything kind of goes, and i think things got a little bit out of control. emily: do you think at this

selina: that was dropbox ceo drew houston.latest installment of our next job series where we look at the careers of the future. tech giants like amazon and alphabet are causing a buzz with their trials for drones, but in rwanda, one company is up and away. zipline has been part of a remarkable network delivering blood to hospitals since 2016. aki ito tells the remarkable story. this is rwanda. nestled between these plantations, village homes, and meandering mountain roads is a patch of land no bigger than a football field. guy launchesis drones that carry blood to doctors racing to save their patients' lives. my name is abdul and i'm a drone operator. aki: abdul works for a startup called zipline. we catch theere drones, the recovery system. in front of you is where we launch the drones. aki: zipline is headquartered in rest --ia, but it is west of kigali that the company has launched one of the first drone delivery services. >> so beautiful. aki: does it ever get old? >> no. aki: abdul and his coworkers are tackling a deadly

what is dropbox going do?existed alongside the office suites and comings like microsoft and google plausm since the beginning. what our customers asked us to do was tie it all together. office space, they keep you within their apps but when we look at our mart artists. they have everything. dropbox and good-byele and -- google and no one subpoena helping them pull all that together. the fact we help organize things plays to our strength. emily: the cloud landscape is changing dramenty. you and i having talking over the last taught nears -- years or so and it's almost been about the competition. what do you worry about? >> making sure that we have the best people and also just making sure we're placing the right portfolio -- it's striking the balance between continue to improve our core product then also developing new bructs like paper and planting seeds for ture development emily: what about planting seeds? do you intents to? bernie: absolutely. whether it's buying great town in company. we've done a couple o

headroomhave a lot of among the people who use dropbox to grow.umbers have gone up the last few years. >> that was dropbox ceo drew houston. what like at the careers of the future. in rwanda and east africa, one company is underway. akihitog technology tells a remarkable story. this is rwanda. nestled between the plantations patch ofge homes is a land of bigger than a football field. here, this guy launches drones. ima drone operator. he works for a startup called the line. we launched the drones. >> zipline is headlined and cap -- located in california. >> so beautiful. >> does it ever get old? >>. >> he and his workers are tackling a deadly problem here. it has been incredible difficult forhospitals to procure emergencies. >> they have to come back and get the blood. it is complicated. >> when a hospital asks for blood, the zipline teen gets moving. you launch it and then you wait for the next order. the dronesy gps, flies to its destination and drops off of payload. the drama has back to base. --the drone has back to base heads back to base. sc

we'll take a look at shares of dropbox.he stock taking a hit after an initial pop on an earnings beat, currently down 8% after it popped yesterday so about where it started beginning of the day yesterday we'll hear what dropbox ceo told cnbc right after the break >> social media companies have been under increasing pressure this week to fight hate speech and regulate harmful content on their platforms. radio host alex jones has been removed from apple, spotify and facebook for his rhetoric. twitter has not yet followed suit just this morning facebook says it's starting an authorization process for pages with a large audience in the u.s. drew houston is a social media strategist and consultant going us here. i'm wondering have we reached the point where finally tech companies are realizing premium content drives engage emp and it's different from just from any other account and they got treat accounts like alex jones as if their shows are on their networks that are subject to standards and maybe being cancelled. maybe differ

i agree with dropbox, nothing wrong with dropbox but it ran a lot and dropped down and we will probably recommend it again. john >> caller: i love the show i have an arch, trump stock, coal >> coal is enjoying a renaissance. i am not a fan of coal stock but they have fixed their balance sheet. utilities in this country don't have interest in it so i say, don't buy. ping in california >> caller: hi, jim thank you for taking my call my name is ping. i'm calling from san francisco bay area my question for you is what is your thought on apptio >> they may be vertical, the cloud situation for benchmarking i have to hand it to them and like to have them on the show. that is the end of the "lightning round"! >> announcer: the "lightning round" is sponsored by td ameritrade oh, and there's the closing bell. (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. r

and viacom dropbox has become the way people store and share information. i'm a sucker for a premium subscription model not only like spotify, you know i believe we're in a subscription economy those stocks trade with higher multip multiples. i think it makes a ton of sense to buy some dropbox now and then grab some after reports. as for viacom, listen to me, this company is getting real bad rapidly, and i'm going to end it right here it's got some incredible assets, my favorite being the movie studio paramount, a premier asset of mission impossible fame and the brand-new management team is putting out superior entertainment product, but nobody is paying attention all i ever hear about is that cbs doesn't deserve to be under the same roof as they're do well viacom it's a bogus narrative i think a cbs viacom merge worry be fantastic, but even independent viacom is worth buying ahead of the quarter. friday, trouble. we get the consumer price index. this is the one number that worries me the most. we've had so many price increases at the wholesale level that s

and deals like dropbox are pushing that number up.s not even come because you remember that was a direct listing. it's been a bigger year. the markets continue to be conducive for initial public offerings. and investors do seem to be paying out for most companies. sonos may be the exception. emily: peloton is planning to go public. why did they need all this cash? >> the point alex brings up may be why peloton says this may be its last funding round. at a $4 billion valuation which is huge for this company that makes home fitness equipment. i think they feel they're profitable. they are going to lose quite a bit of money at the end of this year delivering their new treadmill. i think they feel they really need the cash. they need to grow. they are opening in england and canada. emily: how many years out is this? >> this could be big time next year which is when they are targeting. emily: what market are they going into? >> when i talked to the buy side, that is the big question. there is an increased level of uncertainty injected arou

dropbox, spotify, making their debuts.h ipos in the united states will return to levels not seen since the miniboom in 2013 and 2014. how well the rest of the year play out? jackie kelly and alex barinka weighed in. >> technology in particular has been exceedingly active, and we have been waiting for this to come back here at last couple of quarters have been exciting. we are definitely seeing technology companies themselves and tech enabled businesses in general just really eager to get out. a lot of this is driven by the fact that we have been in such a strong economic market for a number of years, everybody wants to access this window. emily: will it continue? jackie: q4 and q1 will be busy markets for us. emily: this bull market has been going -- alex: this bull market has been going on for some time. why now? why are these companies deciding now is the time, when i think back to last year and the year when everyone was saying, it will be next year? jackie: valuations are higher and they are almost up to that again. i

. >> thanks, enjoy the weekend >>> finally a tweet about dropbox. doc, what do you do?ou do with the stock? >> i bought stock today and wrote at the money calls against it i know the coo stemmed away and that's why the stock was under some pressure after a fabulous earnings report. i think it will go right back to work pretty soon and they'll find a good replacement. >> another reminder, please, send us your questions, go to cnbc.com/halftime. we take a quick break. oh, we'll do final trades right now. jimmy. >> mylan reported earnings wednesday. they disappointed but the board said we're tired of this and are exploring strategic alternatives obviously they want to sell the company, probably to an international acquirer and i think that propels the stock higher from here >> jon najarian. >> final trade was going to be dropbox but since the alpha bull asked that question, i'm going with overstock ostk i liked the report last night. i think patrick burn, the ceo over there, is a visionary obviously the thing they're doing with t-0 are going to be huge for this company. th

. >> sam asks if dropbox is a sell ahead of earnings today. >> if he owns t i would say buy some puts under the market straight sell, no. it's important to look at the earnings we'll get an understanding from the company on what happened in july the stock was down 17% on the harvard business review report that a lot of dropbox information was sent to people that it should not have been sent to. 330 million revenue, that's what you're looking for 7 cents. the stock is probably fairly valued here in the mid 30s as i said before, if you long buy puts, don't short it >> steve wants to know if now is the time to buy constellation brands >> we like constellation brands. i've owned it for years. it had a great year last year. it's been weak this year in part because it's a consumer staple also because they're part of the trade tariff war they're a big mexican beer importer that weighed on the stock. do we like it here we do. trade resolution would be a better time to buy, but it's a great company. >> about a minute left i'm watching that clock closely. >> the show is not over. >> not done ye

they're as eager to know about that as they are eager to get to the bottom of the licnkedin and dropboxknow exactly what this means, if mr. nikulin has any information that could be helpful in terms of russian involvement and the russian election, or whether he knows about any of it, but there's something going on here with this case that we don't yet understand and it is worth remembering this guy's name. here's gthe guy's name again. yevgeniy nikulin. go ahead and set up that google alert. we'll be right back. ♪ [ coughs ] ♪ ♪ [ screams ] ♪ [ laughs ] ♪ whoa, whoa, whoa. your one item would be the name your price tool? it helps people save on car insurance. why wouldn't it save me? why? what would you bring? a boat. huh. when you have something you love, ♪ you want to protect it. at legalzoom, our network of attorneys can help you every step of the way. with an estate plan including wills or a living trust that grows along with you and your family. legalzoom. where life meets legal. need a change of scenery? the kayak price forecast tool tells you whether to wait or book your flight n

i'm calling about dropbox. >> i like dropbox! i think the sellers are all wrong.the model throw in spotify is another one i like both of them richard in virginia! richard! >> caller: hi, jim, how are you doing? >> i'm good, richard how about you? >> caller: good. hey, question. what's your view of ford's value stock? >> i think it's safe, but i like up side. i don't see up side there. i would rather own a bond. lauren in georgia! lauren >> caller: hey, jim, boo-yah >> boo-yah. >> caller: i'm a millennial and i'm new to the market. tell me about avalera. >> just a little down about the millennial situation if you're going for tax, intuit. that's the only one, millennial or not okay, millennials, here's your do and that is the "lightning round" >> announcer: the "lightning round" is sponsored by td ameritrade td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bel

he was a former google employee brought into dropbox. corp.ngs out and they are a smidge of what -- a smidge above what analysts were estimating. they're making a pretty good transition into the digital space which seems to be paying off. scarlet: "what'd you miss?" we note steve mnuchin has pushed tax cuts and sanctions, and has captured america's attention we -- attention when he signed the dollar bill. we're getting a deeper look at his -- at the trevor secretary. devin leonard has been examining deeply in bloomberg businessweek. did he agreed to be interviewed or talk to us? >> it's funny you mention that's. my cowriter did interview him at the g20 meeting in argentina. she talked to him for about 35 minutes. much of the conversation was fairly innocuous. everything had to be cleared. they barely let us use anything. there are two quotes from him. did he cooperate when we talked to him? sort of. julie: the take away from the story is that he has been a survivor in this white house. and, maybe an unlikely survivor that had not been predicte

. >> other companies including google, space x, twitter, lyft, and dropbox. >>> the wildfires burning in clear lake are forcing more people to evacuate. the crews are gaining ground, but there are fears the flames will spread elsewhere. . >>> smoke from the california wildfires is spreading all over the west what you need to know about the air quality here in the bay area today. >>> good morning. telling you t something going on here on the macarthur ways -- mays westbound. we will let you know more about it and tell you a little more about the morning commute coming up. >>> temperatures are cool. we are going to cool it off getting into the bay area weekend. we will check in on the current conditions and line of the afternoon highs coming up. >>> lake county residents are now being forced to evacuate. >>> the funeral later today for nia wilson, the young woman brutally murdered at an oakland bart station. >>> good morning and thank you for joining us. friday morning, august 3. i'm pam cook. >> good morning. i'm dave clark. steve paulson is off today. rosemary is here and knows all ab

finally, there's dropbox, the digital storage company, reporting earnings for the second time ever as wall street is hoping for impressive earnings from the relatively young company that competes with heavy hitters like amazon and google. joining us us george godber, fund manager from polar capital. thank you forjoining us. so the pound falling below that iconic, or that yardstick measure of $1.30 for the first time this year. yes, it is continued speculation surrounding the probability of a hard brexit coming up. if we take a step back, sincejune coming up. if we take a step back, since june 2015, the coming up. if we take a step back, sincejune 2015, the panthers lost nearly a quarter of its value against the dollar and the euro, we all know the reasons why. will this continue? yes, it is likely to, while we still have the probability ofa while we still have the probability of a hard brexit. but it also means it could work the other way, if we get some form of resolution, then you will see the pound probably quite sharply appreciate. interesting to factor in interest—rate is because

going to dropbox, they did beat second-quarter earnings. the filesharing service has really beat on revenue. the paid users increase. that is viewed as a positive report and then we go to lions gate. you the firstet word news with jenna heart. jenna: the trade war starting to affect american companies with supply chain exposure to china. they represent 200 companies doing business on the mainland. terrace have forced some of them to shift operations abroad with the eu being beneficiaries. north korea says washington cannot expect any progress toward civility while it keeps its outdated script. they called for tougher sanctions on pyongyang even after they halted their tests. indonesia says the number of people killed by earthquakes has reached 319. the earthquake -- the island suffered three powerful tremors in less than a week. indonesia is prone to earthquakes because of its location in a specific ring of fire. 5.1 quake triggered a synonymy that killed 230,000 people in a dozen countries. the trump administration is calling on congress t

shares of dropbox fell dramatically after the company said dennis woodside is stepping down overshadowingecond-quarter sales and earnings that topped analyst estimates. he was instrumental in the ipo in march. the company said it would remote two vice presidents to report, but will not look for a new clo. coming up, fake news and conspiracy theories, hate speech, facebook is ripe with all of them. if you like us, listen on the bloomberg radio app and on sirius xm in the u.s. this is bloomberg. ♪ ♪ emily: microsoft is the latest tech company taking a stand against hate speech. they threatened to suspend web hosting services to social media platform gab over anti-semitic posts. the microsoft cloud division gave gab today's to take the content down. they were founded in 2016 as an alternative to twitter and has attracted several alt-right users and conservatives to the site. this is after conspiracy theories were banned from facebook and youtube. twitter continues to host his -- jone's content. the story around alex jones comes at a time where more and more americans are using platforms as n

dropbox is a good example they should. snap didn't dot too great.not see a lot of consumer internet listings because it was notrofitable and it was able to make investors feel better about those concerns a year and a half on. drop box is the other side of the coin. they have done very well. it is also much more conservative listing. it does not have the same trading premium that some of these consumer internet companies might have and do have in their private rounds a few are airbnb. those concerns, while private investors might be able to look past them for a chance to get in on these new companies, public investors tend to have a higher threshold when it comes to how much risk they are willing to accept as these companies go on in her public life. emily: so, where is uber. is saying it is not profitable. it had a profitable quarter earlier in the year because they sold their southeast asia business. he does not care. he was then to have positive cash flow. they can still targeting ipo this time next year. emily: that is quite soon. at a 2019 ipoin

greylock has seen some companies go public recently, dropbox.id those exits impact greylock's appetite for multistage investing versus traditional a round? >> i think that we try to focus primarily on the early stages, but we believe in being a partner through the whole process. one of the things that's unique about what we do is not only are we the first investor, but we can help shepherd those companies through that whole process to being public and large-scale. emily: given the amount of capital that is flooding into the market, huge funds like softbank, we just saw title to make a $500 million -- saw toyota make a $500 million investment in uber, how is that changing your strategy? joseph: you've seen companies able to get more access to capital and do more audacious, big ideas. emily: that also means more competition, right? joseph: most of the competition we see is the traditional venture capital folks. we tend to see those as our primary partners, as well as competitors. it has not dramatically changed series a and series b, but it defini

snap, dropbox. ultimately gone public, very big valuations.ting thing is when you look at someone like say uber and these valuations seem to vary dramatically from the headline figures we sometimes hear about. uber, take the softbank deal. uber raised money, $1 billion, sorry, $17 billion, when it took $1 billion from softbank. then existence shareholders sold something like $48 billion. so you have very big discrepancy. sort of putting an exact number on that is definitely more art than science at the moment. selina: at the top of your list was elon musk who we've been discussing extensively on this show. his personal stake in pace x is valid at $14.6 -- spacex is valued at $16.6 billion. is he likely to tap into that any time soon? >> absolutely not. he's part of the extreme example of this wealth all being on paper. he's kind of gone out there publicly and said, hey, spacex is not going to go public until we start flying regularly to mars. who knows when that will be. in terms of sort of to reinsure investors, he's not really going to be ab

. >>> to your big morning stories, dropbox shares dropping in the premarket.hey're down big the company's ceo leaving the company. they beat earnings forecast. the market focusing on the guidance. >>> universal displays latest revenues topping revenues. they expect a pick up in orders in the second half of the year the stock is up 10.3%. if you own that stock, take your family to dinner tonight. >>> lion's gate reporting a narrower loss and revenue topping forecasts. the studio adding more subscribers to its starz cable channel. it's also expanding the starz play channels in europe. that stock up 2.6% >>> up next, china's big about-face the nation back pedaling on a ke tariff call. >>> and we'll hear from a small business owner who says tariffs are hurting his company big time what he says need to be done to help him and other small businesses across america. he got up at 2:00 in the morning out in california justor y fou so stick around to watch happy anniversary dinner, darlin'. can this much love be cleaned by a little bit of dawn ultra? oh yeah one bottle

the ceo of dropbox was at our conference, and he told me he's really happy he went out, he's ok withrutiny. a very different message from the silicon valley group think was three or four years ago. emily: uber of course, changing of the guard. who knows if 2019 would be the year if travis kalanick was still in charge. what is the role you see venture capitalists playing in encouraging or discouraging, or the hands-off approach? jackie: investors play a significant role, and many are encouraging their companies to look at if they are ready to go public. especially those where they have been in the deals for seven, 10 years, many of these unicorn companies, it is starting to reach that range. so they are challenging management to be ready. we do a number of things, ipo readiness assessments where we go through the company and say, are you ready to operate like a public company? that functional readiness, combined with do you have a strong growth story, leadership. can you execute on a strong growth story, operate a predicable business. if those things are in alignment, yes, you are rea

holders of the stock are allowed, if they so desire, to sell share, dropbox selling to lowest level sincepo in march. today adding onto it. trading volume 21.7 million shares on the move. >>> not banking on tesla. fox business confirming that jpmorgan standing on the sidelines of drive to go private for now at least. sources telling charlie gasparino that the wall street behemoth wants to avoid the drama, quarterback elon musk facing a field of obstacles from legal battles to funding doubts as he aims for privatization touchdown. charlie gasparino is here and couple things, charlie, have you breaking news you just got, too. let's start with that. >> this stuff is breaking fast on the privatization plans or the plans to go private. not quite there yet. skid why is elon musk hiring all the bankers, right? it's morgan stanley, goldman sachs, it's silver lake, and why isn't the company retained a banker yet? one of the reasons i hear is that as of -- and this is time sensitive in the sense that as of yesterday, i could say, based on what my sources know, elon musk has not filed a formal propo

dropbox their suffering a little bit after the coo departed about after four years with the company. me take a look at the bond picture with equities little lower. is off aboutyield four basis points. the 10 year yield is lower by five basis points. take a look at that. remember earlier this week when we called for the tenure to be at 5%? the memory seems to be fading. that's as the 30 year yield is down for basis points closing in on 3% levels. that yield spread now it's 15 basis points. turkey has been so much in the news today. taking the look at the tenure turkey yield, it is off to 20%. scarlet: just when you thought it could not go any higher, it goes higher. there's only one fx charge you need to see today. this is it. this is the lira drop versus the dollar. the u.s. dollar rose as much 23% compared to the lira. it is a biggest -- the biggest rally ever. the lira wentook, from 5.6 per dollar to 6.1. the president says they are doubling the steel and aluminum tariffs against turkey and they plummeted. romaine: can you imagine being a currency trader today? scarlet: pretty hair

. >> thank you >> caller: so, jim, i want to ask you about dropbox. >> no i want to you to buy aheade quarter i believe the business is quite pro bust there not as good as spotify in terms of going fee to pay, but i think it's terrific and i would do some -- >> buy, buy, buy >> hey, jim, this is paul from alabama. >> all right. >> caller: are you familiar with maxed linear >> why would you buy maxed linear if that's what you want to do. judy in california judy >> hi, mr. cramer. >> judy, how are you >> caller: so nice to talk to you. >> thank you same what's up? >> caller: thank you for taking my call. i have a question on terra form renewable energy i do purchase some for the growth and the dividend. >> yeah, i think it's okay i think you're taking on a little too much risk i don't want to reach for yield and that's exactly what you're doing. if you want a 7% yield, i would go with that dominion midstream, because they just raised the dividend, and i think therefore it's safer just not my cup of taecht let's go to josh in nevada, please josh >> caller: hey, jim. a big boo-yah to all

dropbox, people piling in ahead of earnings. i will get to after the bell. transocean, a lot of the oil related stocks. yelp just blowing it out. they quit tying advertisers to long-term contracts and they saw a lot of growth. investors loving it. trade policy uncertainty surging. a 20 year high. , particularly the multinational. kathleen: in focus trade war will it hurt them, oil we thought stabilized after falling $67 per barrel. etf's, a lot of people leaving. what is going on with key commodities? su: oil, the concerned there is the tariffs might affect oil. the fact that it is not a slight relief. the latest list is on the fuel. easel, propane, gasoline. gold very different story. the gold cannot catch a bit. are --dings in the spd spdr shrank in the smallest since early since 2016. continuing to lose that letter there for gold. lots of big movers. overstock.com is one, a massive move. 25%. su: hong kong private equity firm taking the stake. outside moves that you don't see in after-hours. it put tesla on the board. you are seeing that move higher on th

days after she checked out and placed her keys in the dropbox. >> they basically told me i was responsible know, had been added to my reservation. i didn't add anybody to my reservation. >> reporter: wells says she offered overwhelming evidence to the w that shows they were home when the hotel room was being used, including her original checkout bill, airplane records, time stamped surveillance video from their home. >> how does it make you feel that the hotel doesn't believe you? >> it makes me extremely upset. >> reporter: the w says they take information security very seriously and have measures in place to protect guest data. we are aware of this matter, have been in touch with the guest directly and are investigating. due to privacy, we are unable to comment further. >> this is a fairly common scam. >> reporter: they can access your information by grabbing your keys after you check out and adding themselves to your reservation. >> turn the key cards in, get a receipt, walk away knowing you have proof that you checked out of the hotel and any additional charges aren't yours. >> do want

going to come in and amazon, this is the new -- it's not a death star it's just maybe a star and then dropboxfic piece by jeffreys talking about the stock has come full circle i think it will report a good quarter. the amazon what amazon is doing and what they're not doing they have so many opportunities. they don't have time to cross the auto parts companies. >> they're too busy in other areas. >> too busy. i'm not going to mess with some less developed country when they can go for the enchilada. >> right go where the money is. >> right. >> the banks, speaking of money. the banks up rather sharply this morning, as you might expect with a 10-year yield at 3% but they are responding, jim, as they often do, to the prospect for a better look, i guess, yield curve and as a result, of course, net interest margin. >> i did feel we were going to get away from that i thought we were going to value these in something other than the 10 year. when the companies reported the 10 year was 2.9. going to 2.7 now we've got the opposite so people bid them up. i think it's a silly way to play it's a an algorith

. >> love dropbox. especially the past week.t and talked positively about the plans they have put into place they are going to start reaping the benefits for. a halfing the 29, 32 and call spread. trying to do that for a dollar or so. the max it can go to is three and a half dollars. i know my risk. earnings are next thursday. i'm looking for an upward move. macro, we back to the have stocks higher. the bloomberg commodity higher. how do you fit that into the bigger picture? >> it has been anything but normal. we have seen all of the risk, tariff talk. you would think with gold and metal, that is a safe haven trade. we have seen oil up one day, down the other. this is anything but the norm right now. >> thank you. oncheck out g tv the bloomberg. want to see how chinese stocks have been underperforming , go here and you can see that. dramatic -- it is dramatic considering. scarlet: you can catch any of the interviews you might have missed, here we are talking with op-ed about cbs. none of the analyst there to tread close to

says even if a sale does happen, it's unclear how much of a premium a suitor is willing to pay and dropboxt wall street forecast. but that news was overshadowed by the departure of the company's coo. he helped oversea the expansion of its enterprise business we've got a lot more coming up on "squawk box." a troubling sign for the housing market we're going to tell you why consumers feel like it is no longer a good time to buy or sell a home. we'll do that right after the break and in the next half hour, nike may be out of the golf equipment business but the brand has a rare chance of sweeping the majors we'll explain. before break, a look at the turkish lira which is taking a pounding we'll talk about that as well. ay tedbout 8%. stun you're watching "squawk" on cnbc hey allergy muddlers: are you one sneeze away from being voted out of the carpool? try zyrtec® zyrtec® starts working hard at hour one and works twice as hard when you take it again the next day. ♪ stick with zyrtec®. muddle no more®. starting sunday save up to $14 on zyrtec® products. see sunday's newspaper. starting sunday s