Of the surge in new cases. Ill have more on that in a moment. We are getting new information on the twitter hack. It wasnt just a handful of celebrities. 130 accounts were targeted and it appears to have been an inside job. That is serious stuff. Im not sure that Twitter Twitter is up, thats right. Im thinking of another stock. Okay, twitter is up just a fraction. It is serious stuff about twitter. Weve got an analyst on the show who says it might have been a test run for something much bigger. Time to drop your twitter account . We will ask the question and get an answer. More on that coming up, too. Lets get to the market. This week we have seen a shift away from big tech and towards smaller companies. The russell index of small cap stocks, for example, up 3 this week. The dow industrials, down just over 2 . This morning, we will open with a nice gain for the dow, up maybe 100 points, 26,600. Look at the nasdaq. Theres a bounceback for you, up 100 points at the opening bell. All righ
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
In a down market, the company priced overnight at the high end of the range had been looking for between 20 and 29 a share, 26 and 29, priced at 29, raising 1. 1 billion, making it the seventh overall biggest deal this year to go public it has been a rough and tumble ride for unicorn brand name ipos, the Ride Hailing Companies lyft and uber struggled, lyft having seen a new low just yesterday. Slack also having seen a new low yesterday. Smile direct that went public two weeks ago seeing a new low, down 38 from its debut. Among the only ones of the big stellar names thats higher from its ipo is pinterest that one is up 45 the market continues to be ver cautious on these deals as they go forward the price at the top is certainly encouraging for the company and for the nasdaq which has seen a large number of ipos this year, some 50 ipos, raised more money initially than we have seen from the deals that they saw last year nonetheless, still one of those things people are watching as we see
Inland revenue from the beginning, properly audited and in the annual return was omitted to Inland Revenue every year. The share price was listed in the financial times. It wasnt a family trust, it was a commercial Investment Fund for any investor to buy units and get u. K. Investors paid all the syntaxes as with any other share, including same taxes as with any other shukman included income tax. There have been some deeply hurtful and profound entry allegations made against my father profoundly untrue allegations made against my father. This Investment Fund was set up overseas in the first place because he was going to be trading predominantly in dollars security. Like very many other commercial Investment Funds, it made sense to be set up inside one of the main centers of dollar trading. There are thousands of these Investment Funds, and many millions of people in britain who own shares, many of whom hold them through Investment Funds or unit trusts could such funds, including those
Tried last the interviewee, please make me smarter. Rancor,hat despite some a lot of passion, that everybody feels a little bit smarter. If you want me to, i will ask how many people may change their minds in anyway based on the conversation tonight. Does anybody feel any differently about this issue having sat through two hours of discussion . I see one hand. I saw three hands. [applause] [captions Copyright National cable satellite corp. 2014] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] james jones testifying about violent extremism. Live at july p. M. Eastern on cspan3. British Prime Minister David Cameron spoke at the house of commons today about the Panama Papers and his decision to publish is tax returns. That is next on cspan. Then, remarks from treasury secretary jack lew on the global economy. Journal, live every day with news and policy issues. Coming up tuesday morning, the former d