Uber ceo says they have plans. And digital fallout after democratic president ial candidate Elizabeth Warren posted a deliberately false ad on facebook. Separating fact from fiction. But first, to our top story. Is considering handing over control to softbank. They are convinced they can turn around the once highflying started. Wework is also weighing financing led by jp morgan. To discuss, i am joined by my , and, ellen, let me start with you. I want to separate the different deals. First, softbank taking control. What can softbank do that the other coceos cannot do . Ellen this discussion going on softbank, itk and is, look, the outlook is not good. More. Interested in doing and if they did take a larger stay, maybe that could change the company, so i think the discussions on the table are about mid to longterm plans, trying to get expenses under control, all of the things that wework has been criticized of. If something were to come in and take control, do we know how much money the
Company and address investor concerns. The stock is down 30 since is ipo. And stake out digital ad fallout after democratic president ial candidate Elizabeth Warren posted a deliberately false ad on facebook. More on social medias role in separating fact from fiction. But first, to our top story. Wework is considering handing over control to softbank. Bloomberg has learned that the Japanese Investment bank is convinced they can turn around the once highflying startup. Wework is also weighing 5 billion Debt Financing led by jp morgan. To discuss, i am joined by my guests, ellen huet and michelle davis, and, ellen, let me start with you. I want to separate the different deals. First, softbank taking control. What can softbank do that the other coceos cannot do . Ellen this discussion going on between wework and softbank, it is, look, the outlook is not good. We like that you have two new coceos we are interested in , but doing more. And if they did take a larger stake in the Company Mayb
Exchange, where we bring you todays market moving news from all around the world. Joining us from brussels, bloombergs maria tadeo, from london, ed evans, from the white house, Kevin Cirilli, and Michael Mckee joins me here in new york. First we want to start in brusselss maria tadeo. We are taking a look at euro area confidence falling to the weakest level since 2017. Maria tadeo joins us for more. Maria thats right. The numbers were particularly bad when it comes to industry. Trade uncertainty really weighing on prospects on the outlook. This is particularly bad for germany. This is a very export oriented economy. In europe, germany is coming under huge pressure to engage in fiscal stimulus to drop that black zero, no deficit policy. We are looking for any signs this is going to happen anytime soon. We are just not there yet. Has got to be, brexit. We are just four weeks away from what is supposed to be a hard deadline for a no deal brexit. Officials in brussels tell you the situatio
Because he kind of got this ball rolling. Earlier on we got stocks hitting new highs as earnings season kicks off. Iting still very early. 5 of the s p 500 companies have reported. Of never less in small pool of names. They handily beat expectations. They were after cheted down. You know how they. Fbn ams lauren lawyer simonetti. Ceo jamie dimon said this, we continue to see positive mope momentum with the u. S. Consumers. Rising wages reflected in our consumer and banking results. The banks credit card sales that division saw doubledigit growth. That stock is up today. Different picture at goldman sachs. Stock trading revenue rose, highest level in four years by the way. Goldman has been investing in the trading technologies, algorithms, but the effort to bulge up the consumer fell short. The stock is up 1. 1 . Johnson johnson down 1 1 2 now. The Company Raised its Sales Forecast for the year, investors are weighing sales of cancer drugs looking good against legal issues related to ta
Term. The chinese are saying that the precondition for the meeting, that the president agreed to, there would be no new tariffs added. President donald trump pushing back on that. Listen. You wont put anymore tariffs on . No, i have not promised that. Good question. No. Reporter seven hours ago the trade delegation for the chinese, the head of that delegation, the chinese vice premier, liu he, was seen going into the hotel where the u. S. Delegation is staying. The two delegations were scheduled to meet ahead of the meeting between President Trump and xi xinping. That first meeting would set up the second meeting. A lot of people are talking about it and it is very interesting and it will hopefully come out well for both countries. Ultimately it will work out. Reporter the chinese are expected to present to President Donald Trump exactly what they would like to have in a trade deal in order to go forward. President xi xinping reportedly will say all u. S. Tariffs have to be rolled back