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
Seat back seat rally where all the wrong stuff the minerals the oil complex, led the market beautifully . With the dow climbing 369 points, the biggest twoday gain since december, 2008. S p pole vaulting. Nasdaq rocketing 2. 5 . Arent we supposed to want to roll costs down and down and down some more . Not up huge as they were today . I know its tough to explain how oil is spiking, almost 10 the biggest oneday move in six years. It will be a positive. Today it was certainly hailed by investors as a big one. Lets go there, though. Because its what happened today and it was a very important day because it was a stress reliever. A stress reliever, for many of the biggest investors of capital all around the globe. Let me set the scene up for you. The proximate cause of the nasty selloff we traveled through the weakness in chosen, it was exacerbated into belief until yesterday that the fed seemed unaware and how frail the worlds economy had come. But yesterdays comments from new york fed pr
David einhorn says it is putting inadequate and dangerous products on the road. Betty not one to mince words, David Einhorn. May be it is frustrating him overall because it is an example of the stocks that had been lifting the market that he has not been a part of because he is a value investor. I wanted to show a chart for our which showsbtv 440, you how much value stocks have lagged behind. More than half, in terms of growth over the last year, behind the growth stocks, the. N. G. s, the tech stocks. Buy into stocks like amazon and tesla not the boring old value stocks. Yvonne he is not the only Hedge Fund Manager that has been lamenting this. Is he waving the white flag too soon, given the rotation we saw . We did see more buying into the value stocks like the financials, theyre are up 15 in september alone. Going the other way. Perhaps he is speaking too soon breaking outelds to 2. 4 percent. Could be adding fuel to the fire in this bank rally. Betty i would be curious to hear what
That company, Michael Evans, thats one you dont want to miss in the meantime, lets get to eunice yuan in shanghai. Well get to her in a moment eunice, good evening, good morning to you hey, guys well, its just past midnight here in china, meaning that singles day has kicked off and hundreds of millions of chinese across the country are going to be shopping until they drop. Maybe not necessarily until they drop, because they are probably at their houses online in their pajamas. Were seeing over the next 24 hours theres going to be a lot of shopping. People are talking about it on social media its a top trending topic. They are buying everything from smartphones, tvs, dog food one company said they are going to be offering a lifetime supply of chinese liquor for 11,111, thats about 1,700. This year there are more International Brands that are taking part than ever before 60,000 of them 7,000 american ones. And that includes nike, lululemon, macys, the gap, and estee lauder as you know, i
Which was broken up by mall patrons. Jackson were told after ther stabbing was able toe walk out of the mall, 24yearold anarod gel Wilfredo Gomez Pacific Northwest the other unidnortentified victim both hw at the hospital. At t now, jackson is being charged cg as an adult on two counts ofo cf first degree murder. Westfield Westfield Wheaton s mall security tells fox5 theyll are also reviewing their security procedures in this pro incident. Ce back to you guys. Uuys. Melanie alnwick reportinglnwk this morning. Right. 4 31 is the time. 4 3 also in the news the director of National Intelligence james clear says hes spoken to clappersays the Intelligence Community has not decidedhas t c whether the document is reliable. The white house is also weighing inwhite chastising ths president elect forelect criticizing the intelligencegenc communities and its leaders. Trump earlier likened the aces e of intelligence officials to senate confirmationonfirmat hearings continue on capitoltin hill for