Give truckers more time at rest stops . First, to our top story. Wework says job cuts will start this week. The struggling Office Sharing startup said that cuts will improve efficiency and accountability. Bloomberg has learned that about 2000 jobs will be eliminated, some 16 of weworks global workforce. Ellen huet joins us with more. What do we know about these layoffs and where it fits into their broader strategy of slimming down, if you will . Effort that has been going on in bits and pieces but it sounds like based on this new memo that the executive chairman sent this morning, it is going to start in earnest in the u. S. This week. They had already been starting to have some layoffs overseas and there have been some cuts in side businesses like meetup and other side businesses they owned, but it seems like maybe this week is going to be the big time. They had originally scheduled an all hands meeting for tuesday and another part of the memo says the meeting will be moved to friday.
Booth. Jason and a special summit on security. They have got a new exhibit called revealed the hunt for bin laden. Kailey we have much more ahead on that. We begin with our top stories. In the politics section, it is lights, camera, impeachment. Jason House Democrats count on public hearings to bring to life testimony that has already been given behind closed doors. Here is billy house in d. C. Billy what we saw was some real concern on the part of state Department Officials about back channel diplomacy by rudy giuliani, and evidence, hearsay evidence, secondhand evidence of what they were hearing trump was up to. Kailey billy, whats next, and how long can all of this really go on . Billy well, what is directly next is this upcoming week of four hearings, four separate hearings, including what could be the biggest one, that of Eu Ambassador gordon sondland, who is the one who may have had the most direct contact with President Trump on whether or not he wanted to withhold aid in return
The u. S. May give approval next month, but either regulators are more cautious. Tencent music find the right beat with earnings topic the highest analyst estimates. Lets take a look at how asian markets are set to trade today after a pretty terrible session yesterday. We did not get a great lead from the u. S. Wall street seeing very thin volumes and expert tatian still high that we will see this trade deal but some uncertainty coming through in the mix as well as you look at yesterdays trading due to we are looking at trading starting in sydney, i staggered open pretty much flat at the open after a robust session on monday. New zealand trading at 1 10 of 1 ahead of the rbnz decision. Economists split about whether we will see another 25 basis points easing from the new releases new zealand central bank. We will get some hints to what direction they will go with the inflation exit tatians report later today as well as housing prices. To cargo nikkei futures flat at the moment. We are
Obstructing a congressional probes and witness tampering. The guilty verdict comes after deliberations began yesterday. The case against stone included evidence that President Trump that President Trump knew about wikileaks plans to release emails that were damaging to hillary clinton. Prosecutors said stone live to congress to protect the president. He will remain free pending his sentencing in february. He faces 20 years in prison. Able morales could face jail time for Election Fraud if he returns home. The ousted leader told the Associated Press in mexico that he is still president and claims to have won a fourth term in office. In pro football, Myles Garrett has been suspended indefinitely for his actions during and on field brawl last night. At the end of the game, he ripped the helmet off of steelers quarterback mason rudolph, and hit him with it. Two others were given lesser suspensions and each team has been fined 250,000. Global news 24 hours a day, onair, and tictoc on twitte
In the delivery payoff latest Earnings Report . Thirdquarterssed revenue estimates. Why Revenue Growth did not translate into ad sales. Facebook dominated the week with Ceo Mark Zuckerberg defending his social network before u. S. Congress on wednesday. Scheduled included a huge antitrust and privacy. What is this association. Its a complex project. Do you consider libra to be money . I consider it a Payment System. Its like me having my money in Wells Fargo Bank . You could think about it that way. We are not applying for a bank charter. That is the problem. Facing mywe are commitment is we are not going to launch the libra Payment System until we get the approval from federal regulators. Cooks the competition with china is a National Security issue. In china especially. They kicked off their Publicprivate Partnership in systemo raise to build a like this quickly. Will it be possible to conduct anonymous transactions . It is an open question. Its pretty hard to stop anonymous trading.