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
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
Night. Lost on a tenth inning grand slam. The Washington Nationals advance for the first time in their franchise history, and thats fine, congratulations to them. So i tend to watch you spray each other with champagne. Now before they celebrate the players put on ski goggles. [ laughter ] to me, if you stop to put on goggles before youre spraying champagne, forget about spraying the champagne. Its like swimming to alcatraz with floaties on. [ laughter ] our president may be the only sports fan in washington who isnt celebrating. According to a fox news poll, a majority of americans favor impeachment and removal from office. [ cheers and applause ] which is a big deal coming from fox news. We cant even get a majority of americans to agree on who should play batman. [ laughter ] this is a poll, 51 support removing him, up 9 points from july. I would love to have been with him when he saw this. Hes sitting there enyouing lou dobbs time, this pops on the screen, i bet they spits his mcflur
Was that he expected to have a part of that deal. Investors did pushup stocks. The s p 500 hitting a fresh record asia markets climbing to their highest level in three months. Stock markets picking up on some of the news. A bit of green, bit of red we are tipping slightly weaker other factors around the fed whether we get signals or rates around this month. Numbers coming out on gdp and on the jobs front we also weighed through the latest on brexit and a general election significant risk lets peel into these sectors to see what is gaining or losing. Dont forget investors have been dealing with much of the same dialogue all of these different fronts. Most of 2019 have to deal with banks at the bottom. Sliding by about a third a percent. Health care trying to recover some losses. Not a bad month so far which is what weve seen on pace utilities towards the charts along with the industrials as we talk about the trade optimism. Technology slightly weaker we have shares of alphabet raking th
President joins me. His new venture. Lets Consumer Shop at home. And, the head of colibra, david marcus, joins us for an exclusive interview. We will hear from him live. First, our top story. Wework continues to captivate wall street and investors. Exploring options for easing weworks cash crunch. News trickled out that the Coworking Company lost its comedic asians officer who resigned last week. With more on the continued turmoil at wework is bloombergs leona 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 wework situation. We have two new ones hired today. Softbank is working with houlihan lokey, restructuring specialists. Invested 10 billion in we work over the past two years. They want to make sure that the assets are ok, that they understand where the leases are, what is