The tension between lack of trust in big business and argues that corporations despite americans are essential in balance, productive and Progressive Society by spurring innovation, rewarding talent and hard work and creating on which tech come to dependent. Tyler cowen with finance and tech industry, both critics and walter frick, beauty editor of Harvard Business abuses tyler cowen mounts a compelling defense of the tech industry. There critics and defenders will benefit from reading this book. Tyler cowen is joined in conversation by edward luce, National Editor for New York Times and author of the retreat of western liberalism. Join me in welcoming tyler cowen and edward loose. Thank you very much. And not a neutral, impersonal we have been friends for many years. I can confidently say tyler is not just an example of disagreeing without being disagreeable but disagreeing without being disagreeable and being far more knowledgeable at the end of it. We do agree on something that i wi
China. Of course, we are going to get that 9 30 a. M. Press conference. Stocks as you saw look to higher look to a higher open. Dont worry about china iphone weakness why one key Analyst Thinks apples china woes are overblown. And two big tech names are moving in opposite directions. Oracle is falling on a revenue miss adobe rallying on an earnings beat we got broadcom to get to, costco, number of earnings this morning. Lets start with the Broader Market investors are trying to digest conflicti ining headlines. The Chinese Commerce ministry set to hold a News Conference half an hour from now. And, jim, we dont have a heads up in terms of what theyre going to discuss whether or not were going to learn about their view as in, yes, were all in or not. Kayla tausche last night, basically, you dont know where we are it is in flux. At 5 00 a. M. It was x, at 7 00, it was that, 8 30, new view. But the one thing is certain, this story that made the rounds, that the president has put out that h
Full. This model has been open for five hours. The line started at about 4 00 a. M. As the morning progresses, it is is certainly getting busier. The line started to get people into the mall. Giving out these free gift cards that drew the traffic. It is an outlet. 60 off off the entire store. You have to boys. I am sure they like sneakers. Look at this line for the nike store. The entire store 30 off. Because it is an outlet, you can walk out of here with sneakers as low as 20 bucks. A lot of action has in here today. It is black friday. This is what i will say. People are showing up. They are showing up for the experience. A lot of young kids, college students, gently. A College Reunion earlier in the day. Now there are a lot of families. As it gets later on, you will see more the baby boomers. Different generations making their way through. Brickandmortar is not dead, but online is really booming at the same time. If you have an experience like this one has, it will get crowded. I am
And, microsoft stopped making phones years ago, and now its back with a new model that will run on googles android system. Is now the time to get back into the slowing Global Smartphone market . But first, to our top story. On monday, wework pulled the plug on its ipo, at least temporarily. The new coceos of the Office Space Company say they want to focus on the core business before going public, which they still plan to do sometime in the future. Wework has been burning through cash and is now planning thousands of job cuts. And will put some of their business is up for sale. Bloombergs kurt wagner spoke to wedbush analyst dan ives and bloombergs ellen huet, who covers the company. Ellen it is official. The ipo will be put on hold. So they said this morning theyre going to be pulling it, that confirms a lot of the reporting we have had in the last week or two, which is that the ipo is unlikely to happen in 2019, likely to be pushed until next year. So theyre going to be spending the n
We look at the opportunity that awaits. Vcs and executives will meet in Silicon Valley this week to discuss whether the system for ipos is working. Could there be an easier solution . But first, to our top story. Facebook Ceo Mark Zuckerberg is ready to take on the u. S. Government if Elizabeth Warren wins the presidency. This is from leaked audio obtained from beverage about zuckerberg during a july meeting with employees. Mark if Elizabeth Warren wants to break up the company, i would bet we will have a legal challenge and i will bet we would win the legal challenge. So basically, does that suck for us . Yeah, i mean, i dont want to have a major lawsuit against our own government. That is not the position you want to be in. You know, its like we care , about our country and want to work with our government and do good things, but at the end of the day, if someone is going to try to threaten Something Like that existential you go to the , mat and fight. Taylor zuckerberg also spoke on