Longer than what was initially anticipated. A long slog. You see stocks down 1. 3 . The small caps doing so well up six days in a row, now down 3. 2 . Crude oil is higher. A little bit of a relief rally from the brutal selling we had an oil for two weeks. Confirming the risk off tone, a rally for bonds. Investors taking chips off the table and moving to the sidelines, at least today. David a mildly risk off tone. Despite the abysmal economic numbers, we are down 9 . Are we still higher than we have a right to be . Abigail there is reason to think the markets may go higher. If we look at the rsi on the s p 500, it is nowhere near overbought. From what you would want to see is a set of lower highs. Youre just talking about the s p 500 numbers. It is stunning what we have seen in april. We may be down 9 from the alltime high, but in the month of april the s p 500 on pace for its best month since 1987. Much of this has to do with the big make a cap momentum strength. Around 20 of the index
Falling revenue numbers. And a waiting impeachment, why big tech in the United States could be hoping that president trumps political problem could be their gain. Ut first, to our top story, it is official, wework is pulling the plug on its ipo at least temporarily. New coc. E. O. s of the Office Space Company want to focus on its core business public which they still plan to do at some point in the future. Now wework has brought in cash, planning thousands of job cuts and putting some of its sale. Sses up for joining us to discuss we have ellen hewitt who covers the company. Ellen, this story has been the ing dramatically over past few weeks. What is the latest from this morning . Llen its official, the ipo is going to be put on hold, so they said this morning that it, re going to be pulling that confirms a lot of the reporting we had in the last week or two which is that the unlikely to happen in 2019, likely to be pushed until next year. To theyre going to be spending few months wit
Again convey this message to president carter got into the foreign minister today as have many other u. S. Officials we have always been clear with turkey that the weapons provided to the Syrian Democratic forces would be limited Mission Specific and provided on an incremental basis to achieve military objectives only we have long supported and will continue to support darkest democracy respect for the rule of law Judicial Independence and open press our source of strength and stability when turkey maintains its commitment to these principles it expands our potential partnership we support the government of turkey is right to bring the perpetrators of the two thousand and sixteen coup to justice it is important to handle these cases in a transparent and fair manner there respects human rights and fundamental freedoms. We continue to have serious concerns about the detention of local employees of our mission in turkey in about cases against u. S. Citizens who have been arrested under th
Involve hiring a staff of people to do the work and they say that the big banks can do that better. We hope that congress would look at that. There are a number of other things in the regulatory area that are bad. If they carry it further, it will make it dangerous for Community Banks to get any in the game. If congress will look at what the real needs are in the Banking Sector and and perhaps make it a lot easier for Community Banks, we certainly would like to see them thrive. It is not, from what i hear, that they are too big to fail. They are too small to compete with regulators. Take a look at the material the gentleman who asked the question it begins on page 53 or so of the report or its bills of the scale and the hope that this could reach very deeply into institutions. Barry, you had a thought on this question . Barry is with the commission and, it is with the consumer federation. I wanted to make the point that this issue of access and affordability credit is a strong theme in
Military installation there. It would not be like virginia. Or california, other places along port. Most of our military are the National Guard in the reserve. We have some defense contractors, but they have already made adjustments anticipating this as early as last year. There is not a dramatic impact. My concern and that of many of my fellow governors is, if there is something done as an alternative to that, do no harm. To not do things that will further reduce the increase in our nations economic recovery. You are a small government conservative. This is an opportunity to really pare back the size of our government. You want to see this go into effect . X i think there should be a limited government. I do not like random changes. In the last budget, i invested 1. 2 billion more into medicaid. Major cuts in terms of what we gave local governments. Those local governments and School Districts to make up for those budget changes. I think should be more strategic. I do not hate governm