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
[background noises] clicks the committee will come to order without objection shares authorized to declare recess for the committee any time. The hearing todays entitled oversight of regulators. Without objection all members of five legislative days in which to submit extraneous materials to the chair for inclusion in the record. Just one additional comment members about the schedule. This has a hard stop at 2 00 p. M. And accommodation of the three regulars before us. We will not go past 2 00 p. M. Arachnids must sell for four minutes to give an Opening Statement we here to conduct oversight regulators there is plenty to discuss put forward a proposal that require robust debate and explanation. You are first up. We all know why you failed your employees your agency the fact have not yet resigned approves no responsibility for your actions showing up today is not an act of courage is an act of hubris. You are confronted with a report outlining appalling and abhorrent behavior at the fe
During three and half hour hearing. [background noises] clicks the committee will come to order without objection shares authorized to declare recess for the committee any time. The hearing todays entitled oversight of regulators. Without objection all members of five legislative days in which to submit extraneous materials to the chair for inclusion in the record. Just one additional comment members about the schedule. This has a hard stop at 2 00 p. M. And accommodation of the three regulars before us. We will not go past 2 00 p. M. Arachnids must sell for four minutes to give an Opening Statement we here to conduct oversight regulators there is plenty to discuss put forward a proposal that require robust debate and explanation. You are first up. We all know why you failed your employees your agency the fact have not yet resigned approves no responsibility for your actions showing up today is not an act of courage is an act of hubris. You are confronted with a report outlining appall
Yesterday. This morning you see green arrows across the board. The dow indicated to open up by about 63 points. S p futures are 8. 5 points above fair value and the nasdaq up by more than 22 points. The bond market, the tenyear note is yielding 2. 722 . And check out the dow utilities. That index closing at a record high for the first time in six years. It added three points to close at 554. Yes. Well see what happens today. Lets get over to andrew right now. He has more of todays top corporate stories. Andrew, good morning. Good morning to you, becky. That whole Net Neutrality issue may be over. Netflix will pay verizon to deliver Faster Service for delivery of its movies. Netflix struck a deal with comcast to pay for faster delivery over the internet through a practice known as interconnection. Weeks later, Reed Hastings came out, saying he reluctantly agreed to pay the fees so his customers would get better service. Now its a trend. Prices of netflix may be going up as well. Thats t
Fundraising agreement with moore. Meanwhile, the candidate has been issuing a written Statement Today responding to some of the allegations against him. He says, i have never provided alcohol to minors and i have never engaged in Sexual Misconduct. As a father of her daughter and a grandfather of five granddaughters, i condemned the actions of any man who engages in Sexual Misconduct not just against minors but against any woman. In that statement of course, roy moore responding to allegations in the Washington Post article in which a woman claims that moore initiated sexual advances when she was only 14 years old. More girls on the allegation in a statement saying today, as a former judge and administer of the law, i take protecting the innocent one of my greatest calling. These will have profound consequent on those who are truly harassed or molested. I strongly urge the Washington Post and everyone involved to tell the truth. Moore enjoys many loyal supporters in this state. Many co