Joins me. Dent his new venture. And, the head of colibra, david marcus, joins us for an exclusive interview. Continues to, continues to captivate investors. Easing weoptions for works cash crunch. Continuedon the turmoil at we work is bloomberg s leon a 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 we work situation. They are working with houlihan loki, soft , restructuring specialists. They want to make sure that the assets are ok, that they understand where the leases are, what is the value. They are brought on to help softbank figure out if it wants to plow more money into we work. The we work board has hired another boutique investment bank, advising Board Members on wework should take. Should they take a risky highyield bond package that j. P. Morgan is organizing . Tw
Surprise. We have details and previews of the rest on deck. Another week of head scratching over wework. Investors wonder if jpmorgan or softbank will rescue the company. And cryptocurrency crusader. Facebooks david marcus sits down with us to talk about the embattled libra Digital Currency project as well as regulatory hurdles. Tech earnings started in earnest this week with netflix being one of the most highly anticipated. The streaming giant impressed wall street amidst stiffer competition. Growth contributed to a positive report despite u. S. Subscribers falling short. Revenue climbed 31 to 5. 2 billion. I dug into the details with bloombergs lucas shaw. I think this story is that investors were clearly worried netflix would have another bad quarter. They disappointed in the second, they added a few million andomers than expected, investors expected another bad one. One i spoke to said that sentiment was awful. Yet they come in right around expectations. They missed in the u. S. ,
Company. We will have the latest. And cryptocurrency crusader. Facebooks david marcus sits down with us to talk about the embattled libra Digital Currency project as well as regulatory hurdles. Tech earnings started in earnest this week with netflix being one of the most highly anticipated. The streaming giant impressed wall street amidst stiffer competition. International growth contributed to a positive report despite new u. S. Subscribers falling short of estimate. Revenue climbed 31 to 5. 2 billion. I dug into the details with bloombergs lucas shaw. Lucas i think the story is that investors were clearly worried that netflix would have another bad quarter. They disappointed in the second. They added a few million customers fewer than expected, and investors expected another bad one. One i spoke to said that sentiment was awful. Yet they come in right around expectations. They missed in the u. S. , but they were above internationally, and that is where netflix has been telling people
Fallers in the fitsy 100 says a lot of work to be done to get a deal. The u. S. Pulls last troops from syria President Trump threatens powerful sanctions against ankara well, our top story this morning and the top story for markets, a very substantial phase one deal is how President Trump described fridays tentative trade agreement between the United States and china. Mow the first part of whats expected to be several phases of negotiations covers areas like agriculture, currency and intellectual property. The president also agreed to suspend raising tariffs to 30 on 250 billion worth of chinese goods. While both sides agree progress has been made, the pact is yet to be officially written and could take weeks to finalize now President Trump praised china following the agreement and said the deal is fair for both sides weve been through a very tough negotiation. Theres never been a negotiation like this. In all fairness, i give china tremendous credit for 25, 30 years theyve done very w
Investors wonder if jpmorgan or softbank will rescue the company. And cryptocurrency crusader. Facebooks david marcus sits down with us to talk about the embattled libra Digital Currency project as well as regulatory hurdles. Tech earnings started in earnest this week with netflix being one of the most highly anticipated. The streaming giant impressed wall street amidst stiffer competition. Growth contributed to a positive report despite u. S. Subscribers falling short. Revenue climbed 31 to 5. 2 billion. I dug into the details with bloombergs lucas shaw. I think this story is that investors were clearly worried netflix would have another bad quarter. They disappointed in the second, they added a few million customers fewer than expected, and investors expected another bad one. One i spoke to said that sentiment was awful. Yet they come in right around expectations. They missed in the u. S. , but they were above internationally and that is where they have been telling people for years