In hong kong demonstrators clashing with police. Doubts grow over Masayoshi Sons investment record. Topics question his strategy after a series of expensive setbacks. Desktop banks question his strategy. Staggered open, not seeing a huge amount of action. We are up. 1 . Looks like a positive day rolling a flat close of u. S. Equity markets friday. Good news from the u. S. China trade dispute, seems to have been priced in. New zealand has been flat all morning. Seeing modest gains for nikkei futures as well. By s p is pointing higher. 1 . We have also had out of economic the midyear and fiscal outlook. The surplus budget is falling, narrowing a little, same story for the following year and the growth forecast, the government trimming. 5 . A lot of data out of china. We will have new home prices, fixed assets, Industrial Production among others. Later on we are joined by the australian finance minister. He will be joining us on daybreak asia to discuss the budget and a look. For now lets
Sadly, on that day, the Intelligence Community Inspector General formally notified the congress that the administration was forbidding him from turning over the whistleblower complaint. On constitution day. This is a violation of law. Shortly after, reports began to break of a phone call by the president of the United States, calling upon a foreign power to intervene in his election. This is a breach of his constitutional responsibilities. The facts are these. The Intelligence Community Inspector General, was appointed by President Trump, determined that the complaint was both of urgent concern and credible, and its disclosure, he went on to say, relates to one of the most significant and important of the director of National Intelligences responsibilities to the american people. Thursday, the inspector testified before the House Intelligence Committee stating that the acting director of National Intelligence stopped him from disclosing blocked him from disclosing the complaint. This i
No more work for wework boss adam neumann, he is quitting a ceo saying it is in everyones best interest. Kathleen lets get a quick reminder of how u. S. Stocks ended the day. It was all about politics. Geopolitics. The dow jones losing a half percent. S p 500, nearly a full percent. Drop pointl, the 10 in Consumer Confidence in the u. S. Our people worried about the trade war . Yes. Donald trump increasing the downward pressure on stocks when he gave his speech at the u. N. General assembly and started talking about wanting free trade, reciprocal trade with china. Criticizing him for heavy state subsidies and more. Social media platforms that hit the tech stocks, stocks across the board. Bonds down sharply. Tuesdays market volatility came to a head when news of nancy pelosi would launch a formal impeachment inquiry as she made that official moments ago. Speaker pelosi the actions of the Trump Presidency revealed of the president s betrayal of his oath of office, betrayal of our nationa
Vimeo to become a publicly traded company. We will hear about the content strategy and a new hiring feature. First, our top story. More worries for wework. Pressure is mounting to oust ceo adam newman ceo adam neumann after the delayed ipo. The board was supposed to meet today but they are likely going to meet later this week. Huet covers startups and she joins me. Why the shakeup . Ellen insane week in the last week or two. Pressure first to delay the ipo and now it seems like there are reports to consider replacing the ceo, adam neumann. A lot of back and forth within the board. Maybe delay the ipo october and later. We seem to be watching as it unfolds. Possible Board Meeting this week , not expected today but likely very soon. Taylor who wants adam neumann out . Ellen that is most likely softbank. They hold two board seats. It seems like they also have support from benchmark. One board seat has been an early investor. Some viewers they remember was also instrumental in the ousting
Stolen by greed and arrogance. Growing concern about containing shortterm rates for Balance Sheets. We hear exclusively from bill dudley. Kathleen later in Bloomberg Technology global link, a new report says juul is the target of a criminal investigation. Another major setback for the ecigarette giant. Now a quick reminder on how u. S. Stocks ended on this monday. You can see nearly mixed. We have to say flat but it was a bit of a recovery after fridays a slump. Volume about 28 below average. 0. 06 . At any rate, people are watching markets. People are watching the economy and the purchasing Managers Index is, from the market group. They were pretty good for the u. S. They held it above 50 for manufacturing and services. Not so for european look at what happened to the euro after the week numbers from germany. We were looking at the Bloomberg Euro index. On the far side, quite a draw at the end but if you take a look the more, you are seeing index is at its weakest level since 2017. Ge