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
Launches lofty goals to combat climate change. We will have details. Last, a new york based Cloud Software company data dog sees a pop in shares after the company goes public. We will hear from the ceo. First, huawei launching its first highend smart phone since the Trump Administrations blacklisting. On thursday, the Telecom Giant announced its pro fund. Its pro phones. They pack a punch, including 5g capabilities, but all eyes are on that software and those huawei phones are running a free and open source version of googles android operating system because the u. S. Blacklist prohibits them from getting the official version from google. That means no Google Play App store to get programs like google maps. To tell us more, bloombergs Consumer Tech reporter, mark gurman. Talk to me about 5g. Huge deal . Mark 5g is going to be a massive deal at the end of next year in the u. S. Around the time the next iphone is going to have it. Right now, youre seeing more and more 5g Networks Coming
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
Lofty goals to combat climate change. We will have details. Based cloudyork software company, data dog sees a pop in shares after the company goes public. We will hear from the ceo. Way launching its first highend smart phone since the Trump Administrations blacklisting. On thursday, the Telecom Giant announced its profounds. They pack a punch, including 5g capabilities, but all eyes are on that software and those huawei phones are running a free and open source version of googles android operating system because the u. S. Blacklist prohibits them from getting the official version from google. That means no Google Play App store to get programs like google maps. To tell us more, bloombergs Consumer Tech reporter, mark gurman. Talk to me about 5g. Huge deal . To be a is going massive deal at the end of next year in the u. S. Around the time the next iphone is going to have it. Right now, youre seeing more and more 5g Networks Coming online a little in the u. S. But mostly in europe and
Overnight that washington could be delaying easing up restrictions on huawei as part of the trade war deepening tensions potentiallimentpotentially ment and we have the s p 500 and the dow coming off some highs yesterday. Overnight in asia, we had some interesting news out of japan. Theyre changing the way theyre buying maturities across the yield curve. We have the nikkei higher by 0. 4 we have red arrows on the hang seng and shanghai. New china data overnight that showed food prices surging 9 , largely in part due to a surge in vegetable and pork prices european equities, down arrows across the board the dax is down by 0. 9 . Treasury yields, this has been the focus all week, yesterday the intraday on the tenyear yield was 1. 793 we are seeing extraordinary moves on a daytoday basis. Getting close to the twoyear feeling it feeling it feeling it little resecessionary feeling i. We have one other piece of Corporate News to bring you. Uber shears undehears unde s uber shears undhares un