We will break down all the numbers for you. And, microsoft stopped making phones years ago, and now its back with a new model that will run on googles android system. Is now the time to get back into the slowing Global Smartphone market . But first, to our top story. On monday, wework pulled the plug on its ipo, at least temporarily. The new coceos of the Office Space Company say they want to focus on the core business before going public, which they still plan to do sometime in the future. Wework has been burning through cash and is now planning thousands of job cuts. They will put some of their business is up for sale. Kurt wagner spoke to wedbush analyst dan ives and bloombergs ellen huet, who covers the company. Ellen it is official. The ipo will be put on hold. So they said this morning theyre going to be pulling it, that confirms a lot of the reporting we have had in the last week or two, which is that the ipo is unlikely to happen in 2019, likely to be pushed until next year. So
Phones years ago, and they are back with a new model running on googles android. Is now the time to be getting back . With the slowing Global Smartphone market . But first, our top story. Elon musks 100,000 deliveries goal wasnt met. The company had 97,000 deliveries in the third quarter. Shares fell in late trading on wednesday after the news broke. Earlier this week, analysts mentioned the 100,000 delivery goal may have been talked to divert attention from the potential for a less flattering trend, falling revenue. To discuss, i am joined by gene munster, and david welch. David, lets start with you. 97,000, a record, but not 100,000. Good or bad . It is a record for them, but not a record by much. Hey could probably get to 100,000 if they pushed. I wonder if he hadnt said anything, if shares were reacting better, because it really was a solid quarter. More alarming for investors, most of the vehicles now settled are sold are lower margin s,el 3s, and less model model x, the really ex
Biggest names well give you the details. This is your Business Report im stephen bears in berlin good to have you with us the u. S. And poland have agreed to cooperate to develop 5 g. Technology polish Prime Minister matteo more events and u. S. Vice president and what mike pence signed the deal in warsaw with pence a it would quote ensure the security of Digital Infrastructure and washington has been warning its allies not to use while way equipment calling it a security threat. Meanwhile huawei sets present its latest smartphone the may 30 on september 19th in munich and unlike its other phones this one comes without googles android operating system and without apps like you tube or google maps that after washington banned google from making its Technology Available to huawei investors will be closely watching just how well the chinese tech giant can sell without a name brand operating system. And for more on this lets go to our financial correspondent only bods in frankfurt this mus
President trump said in his tweet that fentanyl was mainly from china is completely groundless and untrue. About 2 weeks ago President Trump tweeted that hes ordering Logistics Companies to search for and refused all deliveries of fentanyl from china and elsewhere he also wrote the chinese president. Promised this influx would stop and that it didnt whats clear is that the drug comes in containers and through the mail Law Enforcement officials from virginia took down a major drug ring last week they found 30 kilograms of fentanyl one official involved in the investigation said that most fentanyl comes directly from china. Chinese Officials Say theyre doing everything they can to keep their promise of cracking down on illegal shipments to the u. S. There are gene u. S. President trump to deal with the trade dispute and the sentinel crisis separately they also complain that searching all shipments bound for the u. S. Is slowing down chinas export operations. In this studio now he has loo
President trump said in his tweet that fentanyl was mainly from china is completely groundless and untrue. About 2 weeks ago President Trump tweeted that hes ordering Logistics Companies to search for and refuse all deliveries of fenton or from china and elsewhere he also wrote the chinese president seizing ping promised this influx would stop and that it didnt whats clear is that the drug comes in containers and through the mail Law Enforcement officials from virginia took down a major drug ring last week they found 30 kilograms of fentanyl one official involved in the investigation said that most fenton ill comes directly from china. Chinese Officials Say theyre doing everything they can to keep their promise of cracking down on illegal shipments to the u. S. There are gene u. S. President trump to deal with the trade dispute and the sentinel crisis separately they also complain that searching all shipments bound for the u. S. Is slowing down chinas export operations. Well. In the st