Good Tuesday Morning welcome to squawk alley. I am Carl Quintanilla with Courtney Reagan at the New York Stock Exchange Morgan Brennan has the morning off. Jon fortt is live at the made by google event in new york with new hardware announcements expected more from jon on that in a moment we got s p 3 k, First Time Since september 19th we start with libra, down to 21 partners as seven founding members depart facebooks crypto association. Kevin delaney and michael ferda. Good to see you. This was quick the tepid announcements of support and poof why . You know, whats happening is that facebook wants to launch this currency which is basically a Payment System what theyve run into is sense that regulation would be aggressive parking l partners sent squish ee letters of intent and exercised their right to back out. Facebook says they have 180 partners they vetted but we have seen visa, master card, stripe, paypal drop out. Thats a big blow for some ambitions. Thats the important point. That
Locker room. Harvey weinstein turns up at a public event in new york city d isonfronted by multiple women. Nobody is going to say anything . Nobodys really going to say anything . How it all went down from the people who were there. Walking free. Felicity huffman going to be released. And eddie murphy about to make his highly anticipated return to snl. They want to see me do buckwheat and mr. Rogers neighborhood. And he could finally land an academy award. Today, friday, october 25th, 2019. Announcer from nbc news, this is today with Savannah Guthrie and hoda kotb live from studio 1a in rockefeller plaza. Hi, everybody. Good morning. Nice to have you with us on a friday morning. Weve got two big weather stories unfolding as we speak. Wildfires have erupted across california, forcing Mass Evacuations this morning. And to prevent even more fires from breaking out, power has now been cut to hundreds of thousands there. Meantime, a tropical system in the gulf of mexico is set to bring soak
Set for another lower open with a rough start to q4. Wework has been jumped. Downgraded by 2 gnashes. And shares of stitch fix tumbles. Company forecasts a soft quarter ahead. Stocks continue their downward momentum today, a day after the ism Manufacturing Index fell to its lowest level in a decade yesterdays selloff erased the gains for 3q we did get Economic Data in the past hour. Adp says private sector added 135,000 in september that beats forecasts by about 5,000. There was downward revision to august, though, and refinitiv, jim says, adp estimated bls in eight of the last ten septembers well watch for friday right i do think that there is a pall cast over this market since the impeachment announcement every piece of data that comes out, instead of good things, bad things well talk about stitch fix. The quarter was Good Business is good they decided to invest uses the word invest over and over again in a Conference Call. Invest to make the business great. Everything that she said
How many of you are from the washington area. How many of you are from outside washington . How many of your capitalists . How many anticapitalists here. How many came because you think you will learn to invest in asia q2 we have two distinguished authors here and individuals and i know them both and let me introduce them and we will get into the background and conversation. To my immediate right is the author of this book can american capitalism survive . By steven pearlstein, steve is a native of boston area and he went to college at trinity and a number of things in the journalistic area after starting his own magazine in boston, worked at the Washington Post for many years and for his writing on the 2008 financial crisis he won the Pulitzer Prize. He is now the robinson professor of public affairs, in addition to writing for the Washington Post and writing books. Talk about your book in one moment into his right is parag khanna who lives not in washington dc but singapore. He flew
Triple digits are on the way for some areas. And darren peck has all of the details. The thing to stress about is it will be tomorrow. Those are the numbers behind me. Today a little above average but tomorrow er andju w y the broaview give esentave spot the bay. 105 for concord and 103 for livermore has to stand out. Those are the areas covered in yellow. If you are covered in yellow, you are under an excessive he watch from saturday morning through sunday night. With numbers like that, and heat related illnesses possible. If youre out tomorrow and start feeling dizzy, assume it is the heat. It yourself air conditioning. I will be back with more of the forecast. And Alameda County, federal and local investigators are in west oakland trying to identify what caused last night the fire and a Housing Project under construction. Jackie ward tells us that arsenerut may have caused the fire. Read text put on the building late last night. These were supposed to be new locks at 60th and stanfo