On monday, wework pulled the plug on its ipo, at least temporarily. The new coceos of the Office Space Company say they want to focus on the core business before going public, which they still plan to do sometime in the future. Wework has been burning through cash and now plan thousands of job cuts. Kurt wagner spoke to wedbush analyst dan ives and bloombergs ellen huet, who covers the company. Ellen it is official. The ipo will be put on hold. So they said this morning theyre going to be pulling it, 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. So theyre going to be spending the next few months with these new coceos, trying to show wall street, we are going to cut back on expenses, we are making changes at the company, it is no longer a company with this wide variety of businesses alongside its main core business, which is renting out office space. Kurt is there any one
We will break down all the numbers for you. And, microsoft stopped making phones years ago, and now its back with a new model that will run on googles android system. Is now the time to get back into the slowing Global Smartphone market . But first, to our top story. On monday, wework pulled the plug on its ipo, at least temporarily. The new coceos of the Office Space Company say they want to focus on the core business before going public, which they still plan to do sometime in the future. Wework has been burning through cash and is now planning thousands of job cuts. They will put some of their business is up for sale. Kurt wagner spoke to wedbush analyst dan ives and bloombergs ellen huet, who covers the company. Ellen it is official. The ipo will be put on hold. So they said this morning theyre going to be pulling it, 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. So
Havenots in the United States grew last year to its highest level in more than 50 years when tracking income inequality. That is according to figures released by the census euro today. The areas with the most income inequality last year were coastal places with lots about open washington, d. C. , new york, and connecticut. As well as areas with good property, puerto rico and louisiana. Utah, alaska, and iowa had the most economic equality. New protections can be on the way for undocumented immigrants in new york city. The commission on human rights 250d see fines of up to thousand dollars against landlords and employers who threatened to call federal agents on undocumented immigrants. City Officials Say they believe new york is the first jurisdiction in the country to explicitly frame its laws to protect immigrants in this way. Global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is b
Phones years ago, and they are back with a new model running on googles android. Is now the time to be getting back . With the slowing Global Smartphone market . But first, our top story. Elon musks 100,000 deliveries goal wasnt met. The company had 97,000 deliveries in the third quarter. Shares fell in late trading on wednesday after the news broke. Earlier this week, analysts mentioned the 100,000 delivery goal may have been talked to divert attention from the potential for a less flattering trend, falling revenue. To discuss, i am joined by gene munster, and david welch. David, lets start with you. 97,000, a record, but not 100,000. Good or bad . It is a record for them, but not a record by much. Hey could probably get to 100,000 if they pushed. I wonder if he hadnt said anything, if shares were reacting better, because it really was a solid quarter. More alarming for investors, most of the vehicles now settled are sold are lower margin s,el 3s, and less model model x, the really ex
The fed has to show there on top of issuing, and then the broader issue is later on this year, maybe having a permanent repo facility that could address this and possibly expending the balance sheet. David a month ago when we heard from chairman powell, there was a lot of talk about uncertainty with respect to trade. We have more uncertainty now with the attacks on saudi arabia. We will hear more about geopolitical uncertainty. Carl they have been very focused on geopolitics and trade tensions as a reason to increase Downside Risk in the economy and having to lower policy to respond to that. If anything, those tensions have gotten greater in the last couple of weeks, not only with trade tensions continuing to build but also what we see in terms of Oil Price Spikes and geopolitical tension. David thanks so much. We will be watching with you in under two hours. Now we go to london in mark champion. It isarabia said unquestionable iran is behind the attacks. What comes next . Mark a very