there are reports sisco will layoff 20% of its workforce.he san jose based company it let go of 1,400 employees. it will be the largest round of lay-offs in their history. they're not commenting on the reports. also divine intervention in san francisco. worshippers who routinely park illegally next to several churches are getting relief. a new pilot program will make the practice legal on delores street from 14th to 18th street. parking on the median will be allowed. here is nbc bay area jean elle. >> reporter: when several churches have services delores street turns into a parking lot. people park illegally in this lane next to the median. now city leaders are planning to see what happens if they make it legal and add new rules. three houses of worship at 16th and delores in a neighborhood crunched for parking has drivers parking along the median of delores street during service. >> technically it is not legal. >> reporter: it is illegal, but the sfmta rarely tickets the sacred parking practice, a practice that's expanding. >> people coming

thank you for pointing me towards sisco earlier in the year. it's been a huge success. and it's added to my position and i want to consider a core holding, but i don't want to get burnt. >> i think chuck robbins is doing a great job. we're keeping it that way. think you should too. let's go to norman in pennsylvania. norman. >> caller: jim, boo-yah, nice to have you back. i'm calling about vie yeah com. >> it is a spec that doesn't have good fundamentals. cvs has been run ably, so i would say -- not the drugstore. gwen. >> caller: thank you. we need you! we need you! >> you're too dikind. >> caller: i want to be high-flying with southwest airlines. luv. i'm concerned about the zika, terrorists, other potentially negative factors, what do you advise? >> if you want an airline, you've got the right airline, southwest is the best. i think the group is in a real bad way, but i think southwest will thrive. i do brief the railroads are way up to the upside. now we have flash crash rules. i want you to be thinking about verizon and at and t and dominion and pepsico. this is th

sisco report to slash 50% of work force. donald trump naming kelly ann con way as campaign manager.t's wednesday, august 17, 2016 and "squawk box" begins right now. . good morning and welcome to "squawk box" here on cnbc. i'm michelle. becky is off this week. andrew is live in rio reporting from the olympic games. we're going to get to him in just a minute. hello. first we're going to show u.s. equity futures up this hour. dow would open higher by 14 points. s&p a little more than 2. nasdaq by 5. overnight in asia, flat for the shanghai comp barely. nikkei was higher 1%. hang sang was lower half a percent. through is lower nearly 1%. germany.20%. france, ftse, spain all lower as well. taking a look at the

sisco is the third frenchtown to ban the burkini.it started with a brawl on a beach when a group of muslim men reportedly attacked a group of tourists for taking photographs. marching monday morning, hundreds of corsicas made their way to this neighborhood,b home to families that have emigrated to this island. tensions running high, some were in for trouble. >> we want to show them that corsica is our home. >> right police were sent to the housing estate to prevent the demonstration from turning violent. this comes after an altercation in the north of the island. someone was reported to have taken photographs of women screaming -- swimming while wearing burkini. five people sustained serious stab ones. by a harpoon and nice. others got away with lighter injuries. >> my 18-year-old son was beat up. he did not have any serious injuries. thingk the most serious for him are the psychological wounds. protest and informal that went on late into the night as three vehicles were burned. regional authorities in corsica have called for calm. >

. >> 6:20, thousands every sisco employees are losing their jobs. >> yes there is comes as the company is struggling to adapt to new technology. it has forced and reduced demand for its products. >> company makes internet gear will start to layoff 5500 of it workers at some point this summer. that's about 7% of it work force. the company has been hurt as more of its customers are religion remote data centers, instead of their own line networks. >> the times are changing. >> now to some highlights from last night at the rio olympics. the women's 100-meter hurdles, this event, makes me so nervous. >> it does. >> they fall a lot of times. here we go. philadelphia in the house. take a look at this. >> here is rollins, takes command, hurdle, rollins wins this, it looks like it might have been ali for the silver. we'll see. and then tight for bronze -- >> ali did win the silver, american sweep, one, two, three, us taking home all three medals, the gold, the silver, the bronze, in the 100-meter hurdles. brianna rollins, you hear there, took home the gold. that was pretty cool. philly's very o

in terms of earnings, sisco just released theirs. the dow did fall by 3. -- 37 points.he nasdaq did gain 4 1/2 points. again, a flat close. we heard training 5232 for the tech heavy nasdaq. that's the latest here. back to you. >>> tesla changed the way it's describing the auto pilot software on the chinese website. after a minor crash there. the driver said tesla was steering itself and it steered itself right into a parked car. reuters said the words "self-driving" has been replaced. sam, have you watched this? after the show was kicked off the bbc. the show's host went to netflix and amazon. they got in a bidding war. we know how big the bidding war was. netflix said the hosts want $210 million. that's why netflix quit bidding. amazon paid at least $210 if not more to the hosts. we're not talking about the cars about helicopters. netflix too rich for us. it will be on amazon. it's the most popular show in the world? >> yeah. >> high-stakes game there. i was busy watching the olympics. i think i have a reasonable kpooer excu excuse. >> if you've been missing work to --

hillary clinton leaves as secretary of state, one of the first thing she does is a $325,000 speech for siscoso there's this intertwining relationship, foundations, speaking fees, participants. lay on top of that the national security implications of it. hillary gets this program up and running. you've got this technology going to russia, and the u.s. army comes out with a report and says, wait a second. the beneficiaries of this technology, we believe, is actually the russian military.> state. you've got this technology transfer. she's encouraging investors to fund the russian research in this particular case, helping the russians, all part of, again, the reset we know failed. and a lot of it can be used for military purposes. what do we know about how our military or our security has been compromised in the process of this? >> well, the u.s. army says that at skokovo they are developing an engine for a hypersonic cruise missile which does not sound particularly good for the united states. on top of the u.s. army, the fbi came out and actually wrote letters to the company's participating in