Joins me. Dent his new venture. And, the head of colibra, david marcus, joins us for an exclusive interview. Continues to, continues to captivate investors. Easing weoptions for works cash crunch. Continuedon the turmoil at we work is bloomberg s leon a baker who has been covering all the facets of the story. Talk to me about the softbank side of this. They are hiring some bankers with the restructuring. What are they hoping to get . It doesnt seem like there is an investment banker right now who is not on the we work situation. They are working with houlihan loki, soft , restructuring specialists. They want to make sure that the assets are ok, that they understand where the leases are, what is the value. They are brought on to help softbank figure out if it wants to plow more money into we work. The we work board has hired another boutique investment bank, advising Board Members on wework should take. Should they take a risky highyield bond package that j. P. Morgan is organizing . Tw
President joins me. His new venture. Lets Consumer Shop at home. And, the head of colibra, david marcus, joins us for an exclusive interview. We will hear from him live. First, our top story. Wework continues to captivate wall street and investors. Exploring options for easing weworks cash crunch. News trickled out that the Coworking Company lost its comedic asians officer who resigned last week. With more on the continued turmoil at wework is bloombergs leona baker who has been covering all the facets of the story. Talk to me about the softbank side of this. They are hiring some bankers with the restructuring. What are they hoping to get . It doesnt seem like there is an investment banker right now who is not on the wework situation. We have two new ones hired today. Softbank is working with houlihan lokey, restructuring specialists. Invested 10 billion in we work over the past two years. They want to make sure that the assets are ok, that they understand where the leases are, what is
Lately. Well, we have. But now you may soon be wearing them. Yeah. It is friday, it is september 20th. Fbn a. M. Starts right now. Rise up this morning. With the rising sun. Three little birds. Are by my doorstep. Singing sweet songs. Of melodies pure and true. Saying this is my message to you. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren one of my favorite songs. Good morning. Im lauren simonetti. Cheryl lets take a look at how your money is moving. Weve got green a arrows this morning, dow up 33, s p up 3 and a quarter, nasdaq up 15 andahalf. All eyes on lower level chough trade talks in washington. Lauren within striking distance of record highs for the dow and s p 500. Cheryl tensions with iran and catastrophic flooding in Southeast Texas, two things oil traders will be watching today. Were higher on the contract. Last read, 58, 50. Lauren in asia, the china trade talks continue. The shanghai composite higher by a quarter of 1 . Thats because the pboc cut borr
Turs the dow and s p are a little lower. Nasdaq is on pace for the fourth weekly gain. Being looking at raise yeah, the nikkei up and shanghai composite. The ftse is down slightly, actually flat. So is the dax. The cac is up about. 2 . The 10year is yielding 1. 779 in our tariff news du jour, the u. S. Is going to temporarily free more than 400 products from the 250 billion in tariffs imposed. According to documents said to be published by trade representatives today. Including items such as Christmas Tree lights, retractible dog leashes. What . How did that get on the list that wouldnt work for my dogs if it went out, when i brought it in, something would be attached to the mouth. Filters for kcups, tiki torches, grills, electric skate boards stemming from more than 1,100 requests from companies. Holding lower level talks in preparation for higher level talks expected in october. Here is what Vice President pence and black stones steve squartsman had to say. For too long, one administ
Mixed week right now, youre looking at the dow on pace for its eighth consecutive weekly gain as kevin was talking about. Hard to find down days the s p 500 is hovering around break even if it does end in the positive territory, it would be its eighth consecutive weekly gain nasdaq on track for its sixth week of gains. Dow futures indicated up by 30 points nasdaq indicated to open up by 20 points. S p fight pictuutures indicate 0 1. 5 this morning the hang seng ended up by 0. 3 in korea, the kospi with you up by close to a half percentage point. In shanghai, down by a third of a percentage point in europe, you will see it looks like things are relatively flat. France, you couldnt get much flatter than it stands the dax is up by 0. 3 . The ftse up by 0. 25 we will get to the gop tax plan and jay powell in a moment, a couple other big stories President Trumps twitter account was temporarily dark last night the company says that a exiter employee accidentally deactivated the account on hi