After pelotons 20 drop since another we look at company with its eyes on connected fitness. C. E. O. Of mirror joins the program. But first, to our top story. Ts all about the continuing escalation of the u. S. China trade war. U. S. Markets closed lower on tuesday, this is as bloomberg learned that the Trump Administration is discussing restrictions on port polio flows into china. That includes a particular focus on investments made by u. S. Government retirement funds. Joining me to discuss bloombergs stocks editor dave wilson in new york. Dave, start with just talking to that we saw selloff a little bit today. How much did china play a role in this . Dave well, they certainly played a role to the extent that if you look at Chinese Companies here in the form of american deposits and receipts, they took a hit. I mean were talking about retailer Alibaba Holding down 4 . J. D. Com down 4 . The other Search Engine 2 and we started to see how the back and forth between up u. S. And china
Falling revenue numbers. And a waiting impeachment, why big tech in the United States could be hoping that president trumps political problem could be their gain. Ut first, to our top story, it is official, wework is pulling the plug on its ipo at least temporarily. New coc. E. O. s of the Office Space Company want to focus on its core business public which they still plan to do at some point in the future. Now wework has brought in cash, planning thousands of job cuts and putting some of its sale. Sses up for joining us to discuss we have ellen hewitt who covers the company. Ellen, this story has been the ing dramatically over past few weeks. What is the latest from this morning . Llen its official, the ipo is going to be put on hold, so they said this morning that it, re going to be pulling that confirms a lot of the reporting we had in the last week or two which is that the unlikely to happen in 2019, likely to be pushed until next year. To theyre going to be spending few months wit
After pelotons 20 drop since its ipo, we look at another company with its eyes on connected fitness. The c. E. O. Of mirror joins the program. But first, to our top story. Its all about the continuing escalation of the u. S. China trade war. U. S. Markets closed lower on tuesday. This, as bloomberg learned that the Trump Administration is discussing possible restrictions on portfolio flows into china. That includes a particular focus on investments made by u. S. Government retirement funds. Joining me to discuss is bloombergs stocks editor dave wilson in new york. Dave, start with just talking to me about the selloff that we saw a little bit today. How much did china play a role in this . Dave well, they certainly played a role to the extent that if you look at Chinese Companies that trade here in the form of american depositary receipts, they took a hit. I mean were talking about online retailer Alibaba Holding down 4 . Their rival j. D. Com down 4 . The Search Engine by do, baidu, of
Tariffs imposed by the u. S. What it all means for apple. Google will pay 170 million as part of an agreement with the ftc for violating childrens privacy on youtube. Critics say it is not enough. And slackjawed. Slack shares plunge after the companys first Earnings Report since its training debut. There are Service Problems and competition from microsoft. This week, china and the u. S. Announced facetoface negotiations aimed at ending the tariff war will be held in washington. Skepticism on both sides for true progress remains high. This follows president trumps 15 tariff that became a reality last sunday, dragging apple further into the trade war. While the flagship iphone is currently spared, some key products are not. Namely, airpods, apple watch, home pod, and imac. Guests joined us to discuss on tuesday before the latest round of talks were announced. Apple is, like you pointed out, the clear one. Any company that has manufacturing in china is there. But what is potentially more
Google will pay 170 million as part of an agreement with the ftc for violating childrens privacy on youtube. Critics say its not enough. And slack. Stock shares plunge after clear one. A anyone that has manufacturing in china is there. What is potentially more interesting is it is it is starting to spill over to other industries. Was an example. Everyone thinks about being defensive. Toy are actually starting see and outlook as a result of the ongoing trade war now the tariff has kicked in in our reality. I think we are going to see a lot of that go through and the companies say, is this going to impact some of those . What are the second derivatives like . That would involve anyone outsourcing that. It may not be obvious. You mention individual companies. Asonder if it is as simple qualcomm by salesforce. Or is there something idiosyncratic within those companies you need to look at . To be specific about the individual companies, not just the sector. Of asw it is thought being more d