Streets of chile. We put together a holiday cover for you guys. Quite a cover talking about softbank. We think this is one of the biggest stories of the year. It started with we work, which the magazine covered early on. Coverage developed and went on and on, there was another story we started think about, which was softbank. Softbank, we did talk about it so much this year. What i love about the story, you go into the layers of softbank. Obviously the leader of the role, but there are other players. The guy who is the visionary at softbank, especially the vision fund. This outsized force in silicon billion that can do a lot of things because it has so much money. It can go into we work and basically bankroll we work, which is a Business Model that might not have been right for the long haul yet. You were aggressive. Go big or go home was the strategy behind softbank. Sometimes that worked. Other times it doesnt. This story reveals the culture within softbank and the vision fund where
2020 fresh economic stimulus from beijing adding to the optimism but under the surface the russell 2000 seeing its worse day in a month and we got some mixed labor market data here in the u. S. Earlier in the session. We are up 235 points on the dow, near highs on the session for all three major averages joining us paul hickey cofounder of the spoke Investment Group very good afternoon to you happy new year to you. Where do you stan in terms of whether this bullishness is justified. Is it easy to pick bullish or bearish as we stand . When you look where things stand out, you look at the equity pros and cons which we look at on a regular basis, the pros are balanced with the cons. That doesnt suggest you should be taking a cautious view or just a neutral view implies average returns for the market Going Forward. And when we look whats going on in the market now, whats happening now, brett hits new high nasdaq hitting new highs what we follow closer than any other group is semiconductors
Started a Popular Uprising that led to millions marching in the streets of chile. We put together a holiday cover for you. What a year. We think this is one of the biggest stories of the year. It started with we work. Earlygazine covered very on even during ipo chatter. As that developed and went on and on, there was another story that we started to think about. One of the biggest investors in work. Did talkoftbank, we about it and what i love about this story is that you guys go into the layers. The visionary at softbank, especially the vision fund. A 100 billion dollar vc fund that can do a lot of things because it has so much money. Ways it can do that is to going to some thing like we work which is a Business Model that may not have been right for the long haul. They were very aggressive. Go big or go home. Some wins, other times it doesnt. And what this revealed was the fundre within the vision where there is a lot of tension. Its a big story. Another big story is businessweek tur
Charles schwab takes advantage firm and israge said to be moving on rival Td Ameritrade. Apple overhaul Software Testing after finding glitches in its software. This is our second day at the new Economy Forum in beijing and we have plenty of great interviews ahead on our programs including mastercards device. Hairman also eurasia groups president as well. Competition was really focused on trade tensions, the risks for the global economy, the u. S. And china dynamic. We will see more conversations about today as well, but also more focus on technology, ai, 4g, and transitioning into 5g. Much it was very optimistic or hopeful is maybe a better word, hoping to come to some sort of heavy copper mines, but there was the idea that some of these issues are just going to remain issues forever, like Henry Kissinger saying the issue remain kong will problematic and other people saying the issue of sovereignty will be sensitive and will come up during trade negotiations. All of that has affected
Tea leaves boosting stocks china says trade reps are in close contact with the u. S futures do point to a second higher open. Plus, putting mergers on notice Elizabeth Warren drafteding legislation to reverse mega mergers. And a shakeup at united airline, oscar munoz stepping down president scott kirby will take over next spring we do have breaking news on gm for that we will go to phil lebeau in chicago. A busy day, phil. Reporter it is a busy day, phil General Motors announcing it is forming a joint venture with lg chem the two companies will be creating an electric vehicle battery plant in northeast ohio. It may be if lorn lordstown or outside lorsdtown where gm used to have a plant. They sold the plant earlier this year gm will invest up to 2. 3 billion into that joint venture with lg chem located near lorsdtown, ohio and create up to 1,100 new jobs this is a move many expected they talked that it had plans to add jobs in northeast ohio we will talk first with gm ceo mary bar repor