We start with japanese conglomerate softbank which is well known around the world as a savvy investment giant. But its reputation for making winning bets on start ups has taken a knock with the near collapse of the the shared working company wework. Softbank was forced to provide an embarassing bailout and is expected to announce stricter measures on founders when it reveals its latest Financial Results shortly. Vivienne nunis reports from new york on softbanks latest challenge. From hot property to a humiliating bailout. Office sharing firm wework faced a cash crunch until softbank came to the rescue. Now they will be looking at how much damage wework has caused to the bottom line and what it plans to do next. There are things that they might want to try to shrink the company a bit, grow a little more slowly, and focus more on the profitability. You have gone from a 47 billion valuation to Something Else of 8 million valuation. Things have happened very quickly, i think that softbank
They were a little lighter than estimates, but still up by about 1. 6 . This is on the heels of Dollar General, that really crushed it. Heres a negative. They might see earnings on the higher end for the full year. They do not see revenue on the higher end for the full year. They see 43. 6 billion. They had seen 43. 9 billion. That could be a marginal weakness. David stock is up in the premarket a little less than 1 . You mentioned Dollar General, which has a strong showing. Alix blew outcome a really. Raised their guidance, they see fullyear sales forecasts rising. They did point out there are a large number of sales in their lower margin products, so margins will be an interesting story for them, but i think it always is for the Dollar Stores. David absolutely. The beat on earningspershare for the Second Quarter, and comp sales were up 4 . You can see they are up about 6. 5 in the premarket. Alix this will add some early optimism in the markets. S p futures up by a solid 1 , over 290
My name is on and see, and im a philosopher, you can feel it everywhere. The vacuum created by societys greatest unanswered questions. How do we stop Global Warming . How can the worlds growing population live together in peace . How do we behave responsibly in the digital age and control technologies that give us god like abilities . I ask myself, who bears the responsibility for our future . Is it states big corporations . Are we individually responsible to find answers . Im going on a voyage of discovery along for the ride, monterey conte. Great thinker on the subject of responsibility. Certainly ahead of his time. What is con . Have to tell us in the 21st century the over 3 centuries ago, the age of enlightenment began, bringing with progress, reason and human rights. Today, these achievements are at risk. So we need a new enlightenment, the 21st century. The for me, home is more than just a place. Its about shared values to i left the city of my birth, vienna edit, early age. As a
My name is and ive been a senior and im a philosopher. You can feel it everywhere. The vacuum created by societys greatest unanswered questions. How do we stop Global Warming . How can the worlds growing population live together in peace . How do we behave responsibly in the digital age and control technologies that give us god like abilities . I ask myself, who bears the responsibility for our future . Is it states big corporations . Are we individually responsible to find answers . Im going on a voyage of discovery along for the ride, monterey conte great thinker on the subject of responsibility. Certainly ahead of his time. What is conte . Have to tell us in the 21st century the over 3 centuries ago, the age of enlightenment began, bringing with progress, reason and human rights. Today, these achievements are at risk. Do we need a new enlightenment . The 21st century . The for me, home is more than just a place. Its about shared values to i left the city of my birth, vienna edit, ea
Name is and im in a scene and im a philosopher. You can feel it everywhere. The vacuum created by societys greatest unanswered questions. How do we stop Global Warming . How can the worlds growing population live together in peace . How do we behave responsibly in the digital age and control technologies that give us god like abilities . I ask myself, who bears the responsibility for our future . Is it states big corporations . Are we individually responsible to find answers . Im going on a voyage of discovery along for the ride. Manuel conte, great thinker on the subject of responsibility. Certainly ahead of his time. What is con . Have to tell us in the 21st century the over 3 centuries ago, the age of enlightenment began, bringing with progress, reason and human rights. Today, these achievements are at risk. So we need a new enlightenment, the 21st century. The for me, home is more than just a place. Its about shared values to i left the city of my birth, vienna at an early age. As