he co-found 0 kleiner perkins in 1972 when silicon valley still had orchards.ent jen tech would go on to lead in companies netscape, amazon, aol and google. he was a hewlett-packard board member. he helped to ouster carly fiorina. last year he came back and supported her unsuccessful run for president. he published a letter recently to the editor in the "wall street journal" comparing the occupy wall street with nazi germany. david kaplan joins us next hour to talk about his life and times. >>> president obama officially endorsing hillary clinton. donald trump and the presumptive democratic nominee trading a war of words over twitter. we'll talk about the summer of politics, the next step for both of the candidates. >>> oil hanging around the $50 level. are higher prices guaranteed in our future? we'll ask oil analyst matt smith after the break. >>> welcome back to "squawk box." futures right now at this hour down anywhere between 80 and 70. europe down over 1% across most of the averages. among the stocks to watch -- down 75 now on the dow. urban outfitters sa

i loved working at kleiner perkins.rtime andbigger i think being at one place for a long time -- i was therefore 13 years -- you tend to become -- i was becoming a little bit more jaded, a little bit more like, we ask that question six years ago, whippersnapper. to put yourself in a less comfortable situation, and see it as an opportunity -- it's a better fit for me, it turns out, and the chance to be entrepreneurial and start something that is new and smaller, focus on seed, it is been a fantastic experience. emily: everybody wants to be a seed investor these days. >> it's a hot thing. being a seed investor -- it's picking, being able to identify, see great people and ideas. the helping part, post-investment is important. we are seeing a bit of a hangover in the seed market right now where there has been a lot of seed money but not a lot of experienced seed money and not a lot of experienced seed help. all these companies lined up to race the series a, many of which have not gotten good guidance, have not anticipated,

the erl are hily investors they were part of the early internet, and the very early internet, and kleinerns is one of the original investors in google and so many they have been a part of, and now, today's venture capital is changing in lots and lots of ways, but the basics of finding great investments early on, and really backing them is something that kleiner perkins perfected under all of them. >> yes, indeed n. a year where we have lost andy grove, bill campbell and now thom perkin, and quite a loss. thank you, kara. >> yes, okay. >>> and when we come back, the market of theater tickets live from the ham ilton theater of richard rogers, but first, rick santelli, what are you watching today? >> well, row know, i'm watching the credit markets and the bond markets and listening to the interpretations of what exactly is the message of the bond market? that is what we are going to be talking about after the break. >> all right coming up on the "halftime report" are bonds rallying around the globe, and plus, playing apple ahead of next week's big event, and the analyst analysts who believe

he left a job at hewlett-packard to establish kleiner perkins in 1972. firm invested in tech over the next two decades, leading to the silicon valley boom that ushered in the internet age. global news 24 hours a day powered by 2400 journalists in 150 news bureaus around the world. thank you. yvonne man joining us there. japanese 10-year bond yields have fallen to a record low amid concerns about the outlook for the global economy. nejra cehic joins us with these details and others from the asian trading session. nejra: the risk sentiment we were seeing seems to have fallen back. we've got caution in the markets fueling demand for bonds globally. we've seen the japanese 10-year yield fall to a record low. this after we saw u.k. and german 10-year yields fall to lowe's yesterday. we are seeing this risk off sentiment inequity markets as well. looking at the msci asia-pacific index, that has all in the most -- has fallen the most in a month. we're seeing losses in japan. with that sentiment fueling demand for some of the safer havens, look at the dollar. bl

perkins cofounded the venture capital firm, kleiner perkins caulfield and buyers in 1972. his firm helped finance the launch of google, amazon, and a number of other tech giants. >>> cleaning up unfinished business. the incomplete internal affairs cases found in a paperbag at the san francisco sheriff's office. >>> a major blow for gun rights advocates. the california appeals court ruling that said people have no constitutional right to carry concealed guns. >>> good morning. we are looking at the commute right now where traffic is moving along well on highway 4. we will look at some of these other east bay commutes when we come back. >>> most of the fog has been wiped out. there is still a little bit but it is more to the north. we will talk about that. temperatures on the cool side for some. >>> welcome back to mornings on 2. >>> a federal appeals court in san francisco and a california gun control advocates a major victory. 11 judge panel ruled the second amendment does not get americans the right to carry concealed weapons the ruling will uphold current state law that

let's look at what's happening with the biggest percent the kleiner's on that -- biggest , on the orderersly 10%. its lowest in seven weeks. laredo petroleum not having so much exposure, on the you order of about 7%. happening andd despite the data coming out of north dakota seeing its biggest ever monthly drop in terms of about, down 6%, a drop of 100,000 barrels from march there. let's look at what is happening with oil itself. wti crude down about 3% on the day but over the past x days, falling ever since june 8, it down nearly 10%. that's the most since early february. despite some losers, there are some gainers with cheaper oil and it is namely the refiners. philip 66 is up three days in a row, marginally up higher on the day. finally, i want to take you on a look year to date at the sop. year to date, still looking pretty ok. view,g at the longer-term the price of oil up by about 27%. vonnie: thank you. investors will be watching to see if oracle shifts to the cloud is making process -- making progress for top -- making progress. ♪ david: this is bloomberg markets. vonnie: oracle rep

she came to rotterdam to live with dutch artist edgar kleiner. it was not long before their personal relationship also turned professional. ellen: his practice comes from a more documentary practice, and he is also a musician. so musicians are always in the world. and i am a little bit separate in some ways. my temperament keeps me that way. so this is sort of a balance. ♪ narrator: edgar has a background in film, video, and animation. working together, their first video work was "murmur." ellen: i think i had to pull you into "murmur" at first. you were not interested. in the beginning. i always wanted to work with edgar. i had seen his work in korea. i always responded to it. i had thought it was really lucid and in the world. i do not know if you wanted to work on films with me. [laughs] edgar: it is easy to have the ideas and much more difficult to make the films and actually make them happen. that is the problem with animation -- they take so much work and such a long time that some of us lose interest. [laughs] narrator: the couple are curr

emily: we see this happening at kleiner's and general catalyst. what is the process like? history at greylock where we are either incubating -- emily: workday. >> workday is a great example. palo alto networks was also incubated with the office. usually, when you see a massive market opportunity and there is a team of people we know well, we will act as cofounders and entrepreneurs alongside them. it has turned out quite well, historically. emily: lastly, microsoft bought linkedin for $26 million. $26 billion. is that a win for linkedin or for greylock? >> we are no longer investors, full disclosure. from my perspective, it's a great combination. microsoft's role in work and productivity and linkedin's role as a network of professionals, i think we will see good things come out of it. emily: all right. i will look forward to having you change my customer service experience. thank you for stopping by. coming up, he is a rock star of the product world, now turning attention to a software that is rocking is business communication. ♪ ♪ emily: two stocks we are watching after r

kleiner perkins released a statement at the time saying they were shocked by his comments and did notgree. the next day, he came onto this program to apologize. he offered his own theory on how to combat income inequality. tom perkins: the solution is less interference. lower taxes. let the rich do what the rich do which is get richer and along the way, they bring everyone else with them when the system is working. emily: you are a multimillionaire. tom perkins: i am not a billionaire. i have created some billionaires and i am not one. emily: you have owned fancy yachts and cars and underwater submersibles. tom perkins: an underwater airplane. emily: are you divorced from reality? tom perkins: i don't know if anyone can answer that, truthfully. i don't think so. emily: the other cofounders just released this statement on his passing -- tom was a pioneer in the venture capital industry. he defined entrepreneurial venture capital. going beyond just funding to helping entrepreneurs realize their vision with operating expertise. he was there at the start of the biotech industry. he was ou

these companies -- this is a cyber security company, it's backed by big names like blackstone and kleiner. this is a company that is making moves and taking steps toward going to market, which is an unusual thing these days. tech ideas,k across one of the big complaints is there's no supply here. this one is taking the steps to go public and give an exit. emily: mark andreessen yesterday says ec's a lot of pent-up ipo demand. entries in horowitz is counseling their companies to be ipo ready. alex: which hasn't really been the case. as i cannot here, there seems to have been a shift. was this idea talking to vcs and executives saying we don't want to deal with reported quarterly results. it seems like there has been a reality check injected in which has set this timeline for 2017. and the demand side ring is interesting. we have had this year where investors have then a verse to risk. a lot of the demand earlier this year was just not there for we are out -- we are at this turning point were offerings have gone well and the buy side has set i want a little more risk. i want something that

he cofounded the venture capital firm kleiner perkins caufield & byers. ellen pao lost a gender discrimination case against that firm. >>> jennifer lawrence will play a ceo elizabeth holmes in a film about theranos. they are under fire about the accuracy home blood test kits. holmes was at the top of the self made billionaires list and she went from $9 billion to zero. >>> a high level meeting between hillary clinton and a potential running mate. hillary clinton met with elizabeth warren earlier today. tonight we're asking you who would you pick for the democratic ticket? tweet me at #ewengerkpix and watch to tweet me at #ewengerkpix and watch to tweet me now at #veronicadlcruz. join us for nightbeat; come join us at 10:00 on our sister station, kbcw 44/cable 12. >>> the commander-in-chief was another proud dad. the big milestone for the first daughter. >> it is a chilly friday evening in alameda. but it's summertime. it's time for a summertime concert on the water. details and your weekend forecast coming up. >>> coming up in sports, the giants get a key

perkins cofounded the venture capital firm kleiner perkins caufield and byers in 1972. it's early investments in genentech genentech, google and sun microsystems helped establish silicon valley as a global technology capital. >>> a young mother killed as she rode in a car. her family's emotional plea tonight for clues in the case. just days before she was set to graduate. >>> pretty cool out there, certainly was today. but there are changes coming. a warm-up as we move towards the weekend. >>> b.a.r.t. is going to voters with a plea for money. bart's board of directors voted today to put a $3.5 million bond on the november ballot. ktvu's jana katsuyama is live now in walnut creek to explain how that money would be used. jana? >> reporter: julie, the boards vote was unanimous. the money would go to safety improvements, they say the rails are so old that they desperately need to be replaced. bart ridership has increased with more than 420,000 trips every weekday. but officials say fares alone can't cover projected infrastructure costs down the line. >> it helps new train

a partner at kleiner perkins which has backed disruptors such as uber says these challenges to taking their companies public puts even bigger pressure on finding truly disruptive companies. >> what that does for us is really make us double down and get even stronger conviction on our long-term strategy. again, we are not investing for a 12 month horizon or even 24 month horizon. we are thinking about how entrepreneurs and technologies and companies can be disruptive to the world for the next 10, 20, 100 years. >> reporter: though the ipo drought has raised concerns about venture funding drying up, that's making the established disruptors even more appealing. the companies on this year's list raising nearly twice funding than last year's list. jerry chen's company has backed a number of companies on past lists and says there's more potential now than ever. >> now you are a car, a watch or phone, your house, now has technology in it. so when technology's everywhere, every industry should be a software business, every industry is a technology business which is why everything from health

charteredtandard falling, the biggest a kleiner's. these stocks down by over 3% at the open.y a 10th of 1%, selling pressure coming off in the southeast asia markets. australia extending losses, down by one and 3/10 of 1%. the oil producers taking a hit. kiwi stocks also down by 6/10 of 1% despite vitamin a holding on to gains. violently yen strength weighing on exporters. this is going to be some cause of concern giving the demand for safe haven assets has driven the the yen, gains in causing huge problems for the central bank and equity investors. sharp also declining. the company announced it would be moving to the second section of the tokyo stock exchange. things are changing minute by minute. back to you for now. rishaad: moore market action after the break to read -- break. ♪ rishaad: you're watching "trending business." this is what we're watching. initial results in the u.k. referendum. sterling falling most on record in response markets recalling generally in the face of antipathy. the aussie and the euro both down while gold snapping a four-day route. cameron said

this ipo drought shifted focus in kleiner perkins. >> we're thinking about how entrepreneurs and technologiesdisruptive to the world for the next 10, 20, hundred years. so when you think about it through that type of a lens, it does allow you to really be more patient about what is happening now and not be distracted. >> two of last year's disrupters did go public. but investors are hoping for the most part that staying private longer will translate into an even bigger payoff. so who would be number one on your disrupt eer 50 list? tweet me. andrew? >> julia, talking about disruption isn't the idea the companies are staying private for so much longer disrupting the business model these guys work with, to say if you can't have and realize a real exit a lot of the profits to the extent are paper profits still. >> for venture capitalist. >> yeah. >> it's changing the game. i think we're seeing a lot of massive acquisitions. look at acquisitions like google of nest. nest was on the disrupter 50 list. a number of these companies that were snapped up by facebook for millions and billions of dollars