S p up s p up and the dow indicated up look at what happened overnight in asia. The nikkei opened up in europe where there is active trading, youll see green ar owes across the board. The ftse was up more than half a percent. Youll see at least the 10year is yielding 1. 8 big news, weworks board now weighing two competing Financial Rescue offers. Expected to accept an offer from softbank to take a controlling stake in the company the decision could come as err will early as today the are rescue package from sofk to buy up to 3 billion in shares held by other investors they would also put together 5 billion in loans sources say theyll pay the founder adam neumann up hundreds of millions to leave you are paying him twice. Hes the only one who has made money on this deal. Meanwhile, theyll begin layoffs almost immediately of almost 2,000 people. One of the reasons they delayed the layoffs is they couldnt afford the severance youll wait here for adam neumann to go home im told that will ke
We look at the opportunity that awaits. Vcs and executives will meet in Silicon Valley this week to discuss whether the system for ipos is working. Could there be an easier solution . But first, to our top story. Facebook Ceo Mark Zuckerberg is ready to take on the u. S. Government if Elizabeth Warren wins the presidency. This is from leaked audio obtained from beverage about zuckerberg during a july meeting with employees. Mark if Elizabeth Warren wants to break up the company, i would bet we will have a legal challenge and i will bet we would win the legal challenge. So basically, does that suck for us . Yeah, i mean, i dont want to have a major lawsuit against our own government. That is not the position you want to be in. You know, its like we care , about our country and want to work with our government and do good things, but at the end of the day, if someone is going to try to threaten Something Like that existential you go to the , mat and fight. Taylor zuckerberg also spoke on
Years. Look at what has happened. There has been running violence with the police and violence. Police did discharge a firearm into a protester. He is in the hospital. He has been shot in the chest. He has injuries that are not lifethreatening. There were also running instances of civil disobedience and vandalism. This is an entranceway to the causeway bay station. This was a big bonfire and that is what we have seen across the city as the frustration mounted. We are at midnight now. Who knows what will happen tomorrow because there is no solution on the table. There is still ongoing polarization. Thed thank you so much for terrific reporting from hong kong. Stephen engle in hong kong. Not the anniversary president xi anticipated. Now we go to Kevin Cirilli in washington. It seems like every time i open a newspaper there is an extension of the impeachment inquiry. Night the New York Times reporting President Trump had asked australian Prime Minister Scott Morrison about looking into th
That awaits. Executives andv. Executives and v. C. s will meet to discuss whether the system for ipos is working. Could there be an easier solution . But first, to our top story. Facebook Ceo Mark Zuckerberg is willing to take on the government if Elizabeth Warren wins the presidency. About a july verge meeting with employees. Toif Elizabeth Warren wants break up the company, i expect we will win the legal challenge, does that suck for us . Yes, i do not want the have a major lawsuit against our own government. That is not the position you want to be in. We care about our country and went to work with our government and do good things, but at the end of the day, if someone is going to try to threaten Something Like that, you go to the mat and fight. Taylor zuckerberg also spoke on other topics, including their cryptocurrency, libra, and the competition with the chinese social app tiktok. And there is a lobbying group that represents Big Tech Companies like facebook and google, a guest,
On friday the economy grew 2. 1 percent. It still beat expectations as higher Consumer Spending offset a decline in business investments. The gdp did so from a 3. 1 percent gain in the first three months of the year however. And we did see an impasse on markets. During our talk about that is the ceo of Thornburg Investment management, jason brady with 44 billion in assets under management. Great to have you. It is great to be here. Maria let me get your take on the Second Quarter. This is the advanced number and meaning we will get two or three more revisions but still 2. 1 percent was lower than the first quarter. It was but i still think it is above the potential growth rate as we have an older population is productivity has been really challenged its a pretty good number so we get revisions but it is solid. Maria a solid number. Right before the Federal Reserve meets and we are going to expect to see a rate cut this upcoming week. The fed is meeting on the 30th and 31st. And what is