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
Trade deal with the japanese but talked extensively about a trade deal between the United States and china given negotiations are kicking back up this week. The president was asked if he would accept a smaller deal rather than waiting for that grand big deal that hes been pushing for. Heres what he said. I think that we just have to see what happens i would much prefer a big deal thats what were shooting for can something happen maybe. In guess its probably unlikely reporter i also asked the president whether or not he told xi jinping as has been reported he would remain quiet about the hong kong protest during the course of these china trade negotiation. The president said no i didnt he said were new yorkgotiating. Politically it would be very tough. The president going on at some length here about the protests in hong kong and admiring the american flags, the trump signs he sees in the crowd and admiring pro democracy protesters but ultimately saying that the protests in hong kong an
Why Tech Companies in the United States are hoping president trumps political problem could be there again. It is official. Wework is pulling the plug on its ipo, at least temporarily. New ceos coceos of the company want to focus on its core business before going public, which they still plan to do at some point in the future. Wework has been burning through cash. It is now planning thousands of job cuts and will put several of its businesses for sale. Ellen, i want to start with you. This story has been evolving dramatically over the last few weeks. What is the latest from this morning . It is official it is official. The ipo will be put on hold. 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. They are going to be spending the next few months with these new coceos, trying to show wall street, you know, we are going to cut back on expenses. It is no longer going to be a c
We begin with a teching wreck on wall street. The fang stocks stumbling, all posting big big losses the past few days is this fangfree fall taking down the Broader Market tim . Some cht frank free fall is something i think we saw three to six months ago. Clearly with the regulatory headlines on doj in june big moves facebook and google have had a tough time getting out of their own way amazon got back up to alltime high has not exceeded that ill let the chartist tack about that but when you think about the market for the last month and four or five months yes we saw the interesting rotation into cyclical stuff a month aigt. But really the defensive rotation is something thats been alive and well for plshl six to nine months as evidence by utilities thats an environment you cant see fangout perform and the multiples caught up to the stocks i know the multiple on google. Not so much. I know the multiple on facebook, not so much. But i think again you have regulatory pressures on top of v
Today we are going to discuss an overview of america in the 1970s. In the beginning of the century we talked about how it takes a bit of time or historians to understand what an era is about at least 25 years of perspective. The 1970s were seen as a bit of a joke of a decade. Bellbottoms, disco, bad hair. In recent years historians have seen the 1970s is very important. In some ways william more important than the 1960s which seems to get a lot of attention. One of the themes historians have talked about is calling this era the age of limits. We will get to a little bit about what that means. We will talk about that and also the . Was this really an age of limits . We will discuss the import of the decade and the influence it had on not just the 1980s but really down to our time today. Recapping what we talked about earlier, we see in the 1970s a pretty profound loss of faith in American Institution driven by nixons resignation over watergate in 1974. The final end of the vietnam war i