That to come. But heres editor joel weber. Joel we put together a holiday cover for you. Jason what a year. Joel this is one of the biggest stories of the year. And it started with we work, even preipo chatter. As that coverage developed and went on and on, there was another story we started to think about, which was softbank, one of the biggest investors and we were. We work. Carol softbank, we did talk about it so much. What i love is that you guys go into the layers of softbank division fund. Obviously the leader of it all, but also other players. Visionary at softbank, especially at division fund, this outside force in Silicon Valley, 100 billion vc fund that can do a lot of work because it has so much money. One of the ways it can do that is go into we work and bankroll we work, a Business Model that may not have been for the long haul. Carol funny you talk about the Business Model. Jason joel lets flood the zone with money. Go big or go home. Sometimes that works. We they have ha
Millions into the streets of chile. All that, for step here is joel weber. We put together a holiday cover for you. Quite a cover there. What a year. We think this is one of the biggest stories of the year. It started with the magazine covered it very early on when there was going to be an ipo. As that coverage developed and went on, there was another story we started to think about which was one of the biggest investors. I do love the cover. Seasons greetings. We did talk about it so much this year, what i love about this is i feel that you guys go into the layers of division funds. Obviously, there are other players. Ismoffett being the guy who really the visionary at softbank. Whocially the vision fund is now in Silicon Valley a hundred Million Dollar vc fund that can do a lot of things. One of the ways it can do that weworknto Something Like , and bankroll wework. That is a Business Model that not might not have been rife for the long haul. They were very aggressive. That is the st
Why executives at Global Investment banks in london expect the u. K. To lose its 570 billion business after brexit. Caroline it is looser for longer. Less than half an hour before the european open. Looks as though we can add fuel to the Risk Appetite fire. We can take a look at how futures are trading, up. 4 . No significant moves. Saw the s p 500 surged about a percentage point yesterday. Nejra caroline, the gift that keeps giving the Central Bank Says youre talking about equities for futures. We have been seeing gains in asia. The Msci Asia Pacific index gaining 40 sixth day. A different picture than test for a sixth day for a sixth day. You can see at the end of might gmm function, youve got the commodities gaining. Youre not seeing oil but i can tell you oil is rising after we got that Inventory Data out on the u. S. In terms of what is happening in the fx market, you can see the Bowe Bergdahl index up by. 2 . The dollar weakening for a second day you can see on the Bloomberg Inde
Let us take you to scarlet fu. Scarlet new home sales was makes up 7 of the Residential Market but it is counted one contracts are signed a being more timelier and they saw a drop of 11. 4 , the first the client in four months that follows three straight months of gains. It is 481,000 on a net basis. Additionally, the february numbers were revised lower as well. Recent home cells have been constructive at the upside potential is limited by a lack of inventory. They were projected to soften but this is a bigger drop than what economists have been looking for. This doesnt seem to have much of an impact on Financial Markets on u. S. Stocks. U. S. Stock indexes are moving higher. The actual change is negligible because the s p 500 has little change. You are seeing the leg higher here for u. S. Stocks. Evidence perhaps that the Housing Market is under pressure. Erik thanks very much. We are waiting for statements from president obama. He will be speaking to reporters in the White House Brie
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