S p is down 76. We are watching all of these markets. A few things are going on right now. Investors werent impressed by the feds vow to buy an unlimited amount of Government Debt and give loans to businesses, big and small. Theres one industry that Coronavirus Crisis is impacting directly, restaurants. They are closing their doors to patrons, trying to shift to takeout only. We s ghave got the owner of a gp of restaurants who will tell us, he will say this, the restaurant recession has already started, already in effect. We know folks are out of work but how bad is it . We will find out. Theres also sharks in the water, there always are. Investors are not just looking for an edge in the selloff but advising businesses in how to survive the crisis. Weve got one of the best in this. Hes an investor, an entrepreneur, founder of fubu and the star of shark tank, daymond john will join us to give us his perspective in all of this and oh, yeah, we are going to check in on liz claman as she b
It is not right. They want to go to france. They want to go to determine germany, go to the uk where they came from. That is hair home. U. S. Is not their home. It is not fair were holding these people and that other countries arent taking because were bearing the cost. So i think that nato should be expanded. We should include the middle east, absolutely. We pay for a big percentage of nato. By the way, if you look at, speak to secretarygeneral stoltenberg, who is doing a terrific job by the way, he will tell you that i raised 130 billion more than they were getting. It was going down from past administrations every single year. It was down to a very low number. I came in. Got to pay folks, got to pay. Were working with you. Were protecting you. Were part of this. We dont want to be the fools like weve been some years. We raised 130 billion almost immediately. We had a meeting with the countries say you got to pay. I imagine they dont like me as much as obama and other people but you
It is like a gulf. This is not separated in terms of politics. Actually, ill take this side. Im really not sure you may be closer to me than him this guy is a nut. Im going to need a lifeline. We could put Chris Christie in between us. Lets check on the markets this morning. You know what i didnt look at today, constitutional crisis concerns looking at the stock market, i cant see it there up 115 points on the dow jones the nasdaq up 41 treasury yields up 71. My mind is wandering the predicted volume and money is very small. I checked the odds of impeachment. They are up 60 cents odds that trump does not finish his first term or odds he does finish is 80 . At 4 00, there is a meeting. Maybe it is one of those situations you do it and hes not removed. How do you read that im no expert but saying this is a political decision. Impeachment is a political decision bringing charges is different than a case. They have an election in 2020, they may just want to wait for that i would think so.
S p off by almost five and nasdaq down by 24. You see President Trump calling out china and a little afternoon, word about nancy pelosi announcing an impeachment announcement, then President Trump saying hell release the full transcript. This is just the volatility we saw. Definitely wall street watching washington to see what news comes next weworks cofounder adam neumann is stepping down as ceo. The starrup once valued at 47 billion has shrunk in a matter of weeks he said, quote, i am so proud of this team and our company. Our business has never been stronger in the recent weeks, the scrutiny towards me has become a distraction. I have decided it is in the best interest of the company that i step down as executive each will have three votes down from 20. Weworks former copresident and vice chairman have been named coceos of the company the Parent Company, we, could layoff 4,000 to 5,000 in response to this there may be a search attempt for a new ceo. They named two and said they were
Two fatal accidents. European markets are open and they have opened up in positive territory. Its been another big week of global trade tensions and brexit worries, so well talk through it all with newsnights economics editor, ben chu. Quietly, ever so effectively, microsoft is winning the corporate cloud game. But in an age where brands like apple and google dominate, we want to know do you still use microsoft at home as well as work . Get in touch with us using the hashtag bbcbizlive. Hello and welcome to business live. We start with the only one tech giant that is valued at more than a trillion dollars. Its not amazon or apple, but microsoft. And it has just proved again why it is the worlds most valuable publicly traded company. Injust three months, this giant brought in almost 34 billion in revenue. About the same amount as the value of cypruss entire economy. And unlike a number of the tech giants, this company is actually making money. In fact, 13 billion of profits. How . Offic