A few hours to go. We are lower by 2 10 of a percent. Are among and macys some of the worst performers. Home entertainment is down 2. 2 . Makers are lower today on a report that Software Sales yearoveryear are also down 12 . A warning forf them. Cocacola is a bright spot. 2. 25 . E up we have we taken the 29 level. Stocks and europe are briefly flat. On the u. S. Bouncing brokered ceasefire. Brexit is likely to dominate the agenda over the next 24 to 48 hours areas Boris Johnson is try to drum up support over his brexit deal ahead of the vote on saturday. Earlier today, Emmanuel Macron ruled out an extension if worst johnson loses the vote. I do not think we shall grant any further delay. Believe it is time to put an end to the negotiations and work on the future relationship and put an end to what is currently ongoing. We are joined now on the phone by a bloomberg correspondent. Do you think the words of the french president will have any outcome affect on the outcome this weekend . N
Eu for a vote. It may not happen. Mps have put down an amendment that would delay the vote until next week and forced johnson to seek an extension. On one level, we could get a vote in favor of a deal, though johnson is short on the numbers. Quite possibly it could be delayed until next week. Could he get an extension . There was news out of brussels they were tired of the extension. Edward johnson said he did not want an extension. Emmanuel mack ron said britain should not get an extension. Bear in mind Emmanuel Macron has time has been a long opponent of britain get an extension. Europe did grant an extension in the end. That might actually be helpful for johnson to frame this debate for mps. It is my deal or no deal. What is the most critical set of votes the Prime Minister needs to get . Edward his own brexiteers need to fall inside. He has not gotten the support from the dup. Johnson needs the dup vote to get legislation through parliament, or he needs to get all of his mps on his
More on his life and story at oracle. Making the rounds a day after telling georgetown students and vanek faculty wont Police Political speech, Mark Zuckerberg made the rounds. Rst or top story bloomberg has learned that softpa bank is putting together a financial play for wework. It may value it below 8 billion. That is far blow. It has been considering plans from different areas. Joining me to discuss is a partner from manhattan ventors, and Sarah Mcbride who is who has been tireless on all things softbank. What about this . It is even lower than expected, around 8 billion. That come pairs to around 47 billion at the start of the year. So a huge drop there in under 12 months. Andrea, if you take a look at 8 billion, are we getting closer to fair value . I think we are. Overall, something i like to onsider, being in a late venture espys, what will carry over to retail . Wework has a real business, but there is still time. Valuation billion something that could work with a retail i. P.
More on his life and story at oracle. And making the rounds a day after telling georgetown students and faculty he wont Police Political speech, Mark Zuckerberg talks to political outlets. What he had to say. First, our top story. Weworks valuation sinking lower. We have learned that softbank is putting together a financial play for wework. It may value the company below 8 billion. That is a fraction of the valuation it commanded as recently as january. Since its initial public offering, they have been considering plans from softbank and j. P. Morgan chase. A partner from manhattan vendors, and sarah mcbride, who has been tireless on all things softbank. What did we learn about this new valuation . Lower thans even expected, around 8 billion, and as you said, that compares to around 47 billion at the start of the year. A huge drop in under 12 months. You take a look at 8 billion, are we close to fair value . Andrea i think we are. Overall, something i like to consider, being in a late
The Trump Administration is weighing a new weapon in the trade war with china. They are discussing ways to limit portfolio flows into china. A move that could include delisting Major Chinese companies u. S. Exchanges. The move could impact of theions in the markets and nasdaq s p 500 and dow were all in the red following the report. Joining us to discuss is sarah in los angeles who has been covering the trade war. Of u. S. The goal policymakers here . They trying to punish or just protect u. S. Investors . Interesting that with the trade war this is not meant to be provocative or to push china into the corner and remind them of the leverage the u. S. Has. Talks in the these capital restrictions on china are not part of the trade talks and theyre trying to keep them separate. If we look at the marco rubios of the world, whove been trying to push for this kind of thing in the past, it is more of a moral or ethical argument. We really what American Investment funding a nondemocratic gover