Called it chinas best detective. We will hear from her after tictoc has said it is made changes. A Software Company beats thirdquarter earnings estimates across the board but after hours, shares are falling. We will break down the numbers. First to our top story. The shakeup at alphabet. The cofounders step down from the parent company. Investors responded by sending shares up on the company about 2 . To discuss, dan morgan, senior portfolio manager. Also with us mark bergen who covers the company. We spoke care about 24 hours ago. Remind us again if this is the right time to be taking over both companies. Wall street thinks so. Hes been running google since 2015. Alphabet, for all intents and purposes, is google. 99 of the revenue comes from google. Wall street had been uncomfortable with the expenses founders have made and bigger bets that have not panned out. This might be a sign that there is professional management at the helm. From employees, i have heard mixed results. Some say
President joins me. His new venture. Lets Consumer Shop at home. And, the head of colibra, david marcus, joins us for an exclusive interview. We will hear from him live. First, our top story. Wework continues to captivate wall street and investors. Exploring options for easing weworks cash crunch. News trickled out that the Coworking Company lost its comedic asians officer who resigned last week. With more on the continued turmoil at wework is bloombergs leona baker who has been covering all the facets of the story. Talk to me about the softbank side of this. They are hiring some bankers with the restructuring. What are they hoping to get . It doesnt seem like there is an investment banker right now who is not on the wework situation. We have two new ones hired today. Softbank is working with houlihan lokey, restructuring specialists. Invested 10 billion in we work over the past two years. They want to make sure that the assets are ok, that they understand where the leases are, what is
Departmentstice launches its own facebook probe as the social network is the focus of a federal trade commission investigation. Story,st to our top peloton falling 9. 5 percent after raising more than 1 billion in its u. S. Ipo. It is the latest unprofitable startup to struggle in its trading debut, but the ceo john foley remains upbeat about pelotons future. He spoke with jason kelly at the nasdaq. We are playing the long game. Millionsis as building and millions of subscribers around the globe in the coming years. Now we have the money to do that. After fully funded todays primary, so we are feeling confident. When you think about the last couple of days and weeks, you mentioned the market. It is a tricky ipo market, to say the least. Do you have a sense of where the miscalculation was . Fundraiser a eigth fundraiser. There are people who believe, and those who dont. Those who have invested in peloton, they have been very, they will invest in us. You mention fully funded. What will y
An antitrust probe overload. The u. S. Justice department launches its own facebook probe. This, as the social network is already the focus of a federal trade commission investigation. But first to our top story, pellet gun falling as much as 9. 5 after raising more than 1 billion in its u. S. Initial public offering. It is the latest unprofitable startup to struggle in its trading debut, but the ceo john foley remains upbeat about pelotons future. s jason with Bloomberg Kelly at the nasdaq. John we are playing the long game. We see this as building millions and millions of subscribers around the globe in the coming years. Now we have the money to do that. We are fully funded after todays primary, so we are feeling confident. Jason when you think about the last couple of days and weeks, you mentioned the market. It is a tricky ipo market, to say the least. Do you have a sense of where the miscalculation was . Or if there was one . My eights is fundraiser for appellate on. It is a funny
Silence. Bloomberg will be covering those events through the morning. Alix 18 years. In the markets, you have seen the s p hold steady, but the churn beneath it has been quite staggering. A huge, unbelievable shift, added momentum into value since value weeen into have seen since 2009. Youre seeing some buying in the bond market. Yields down by about two basis points. Over in europe, couldnt decide on a bond bear or bull day. Time now for the global exchange, where we bring you the market moving news from around the world. Joining us are bloombergs enda curran in hong kong, in london, emma chandra, and Michael Mckee joins us in new york. The Hong Kong Exchange made an unprecedented 36. 6 billion offer for the london talk exchange. Bloomberg london Stock Exchange. Bloombergs enda curran has more. Enda obviously this is a very ambitious corporate transaction. , itably more importantly would be a real test of Investor Perception towards hong kong. Remember, this raises all kinds of questi