Your thanksgiving table. Which is only a few weeks away. Great way to start the show. I will definitely say there is a toxic atmosphere developing for ipos. News this morning that endeavor is delaying going public. Thats an entertainment and Sports Company and this is the second time its delayed. Weworks ipo also clearly in trouble. More on that in a moment. Pelotons debut yesterday was not good. The offering price, 29. It closed the day at 25. There are a lot of new companies that people might like to buy into. But it seems that the valuation of many is just too high. May i use the toxic word again . Try this. A toxic environment for vaping. The cdc reports that 52 jump in vaping related lung illnesses. This is now a hot button issue with a Legal Industry under sharp attack. Vaping came in as an aid to quitting smoking. Its not looked at in the same way now. Lets change the subject. Wait until we see wait until we tell you how much Jerry Seinfeld is getting from netflix. Wait until we
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
It is thursday, september 26th and fbn a. M. Starts right now. I find the things, they just cant be found. Ill share this love i found with everyone. Well sing and dance. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren good morning. Thank you for joining us. Im lauren simonetti. Cheryl lets take a look at how your money is doing this morning. Hopes of a trade deal with china helped the markets yesterday. Weve got green arrows to show you. This morning the dow is up 56, s p up 5 andahalf, nasdaq up 11 and a quarter. Lauren the yield on the 10 year treasury is at 1. 72 . Cheryl oil down slightly this morning. The price of crude getting close to where it was before the attack on the Saudi Arabian oilfield. We have a gain of 1 15cents. We should add that gas prices in the country are lower today. Lauren stocks in asia mixed. The shanghai composite in china down 0. 9 , investors taking profits off the table before trading is suspended next week. Cheryl as the brexit battl
Independents 202 7488002. If not by phone, you can use your phone to give us a text. 7488003. Comment ono post a social media. You can post a comment on facebook. We look forward to hearing from you. Here is an article we found recently that starts to highlight all of this. Can policy make it more affordable to have a family . They write that the annual American Family survey has been released recently. It suggests that while most americans considered cultural concerns the most important problem facing families, they now see economic concerns the most pressing issue. Not surprising that young couples report having fewer children than they would like for economic reasons. Last year, a morning consul parents said they expected to have fewer children than they considered ideal. Three of the primary reasons were child killed expenses, financial instability, childcare expenses, financial instability, and the general state of the economy. Families need to raise about a dollars,f a million 23
In washington and covers the 1976 president ial contest between president gerald ford and challenger jimmy carter. Marino washington is like a room with an enormous circular window. You are looking all over. Anything and everything that happens is noticed. Almost every single occurrence in the world has a repercussion in washington. Marino as a Foreign Correspondent, you are the eyes for your readers. If you can forewarn your readers to things that are important because they are going to experience a similar phenomenon in their respective countries, you are doing a good service. I have a priority express call to to rome, italy, 65041 connect to the switchboard for mr. De medici. Marino i dont think there is a country in the world where there is so much access to information as in the United States because it is a matter of conduct in the government to try to respond to legitimate press queries as much as possible. [speaking italian] marino in washington, something is happening all the