Streets of chile. We put together a holiday cover for you guys. Quite a cover talking about softbank. We think this is one of the biggest stories of the year. It started with we work, which the magazine covered early on. Coverage developed and went on and on, there was another story we started think about, which was softbank. Softbank, we did talk about it so much this year. What i love about the story, you go into the layers of softbank. Obviously the leader of the role, but there are other players. The guy who is the visionary at softbank, especially the vision fund. This outsized force in silicon billion that can do a lot of things because it has so much money. It can go into we work and basically bankroll we work, which is a Business Model that might not have been right for the long haul yet. You were aggressive. Go big or go home was the strategy behind softbank. Sometimes that worked. Other times it doesnt. This story reveals the culture within softbank and the vision fund where
Millions into the streets of chile. All that, for step here is joel weber. We put together a holiday cover for you. Quite a cover there. What a year. We think this is one of the biggest stories of the year. It started with the magazine covered it very early on when there was going to be an ipo. As that coverage developed and went on, there was another story we started to think about which was one of the biggest investors. I do love the cover. Seasons greetings. We did talk about it so much this year, what i love about this is i feel that you guys go into the layers of division funds. Obviously, there are other players. Ismoffett being the guy who really the visionary at softbank. Whocially the vision fund is now in Silicon Valley a hundred Million Dollar vc fund that can do a lot of things. One of the ways it can do that weworknto Something Like , and bankroll wework. That is a Business Model that not might not have been rife for the long haul. They were very aggressive. That is the st
Stocks getting slammed the dow falling more than 400 points locking in its worst twoday selloff since brexit the dow hovering around 26,000 these 1 selloffs are a rare occurrence since the last one on september 5, its up a whopping 2 20 . Just in case you got selloff amnesia. Merriamwebster define passeloff as a usually sudden sharp decline in Security Prices accompanied by increased volume of trading. This this be your best chance to buy the dip . Doesnt this feel good . This is something that a lot of people have been asking for. Youve heard the stats, we havent done this since brexit bottom line is the base i think remains very much intact in terms of the Global Economy, in terms of earnings that have been largely extraordinary. An upgrade cycle that would have existed even without a tax deal. Were going to get 12 , 13 ep growth on the s p. Now weve upgraded three or four bucks when well probably upgrade 15 bucks based upon taxes. But do you have to jump in and buy tomorrow i dont t
Well, you know, some people just get so tribal about the politics. It is a hate hillary or a hate trump, and we refuse to look at the actual data, and we refuse to look at the actual issues. We make these things flashpoints and then we stop digging if in. You know, i have said it before about donalds campaign, and it is the seinfeld campaign, the c campaign about nothing. He se smart, because the more he gets into the details the more the followers and the tribe, their eyes glaze over and so it is to his benefit not the do it, and hillary is just battling crooked hillary and battling the pejorative comments about her, and we never get into the details. Mark, it is Carl Quintanilla and good to have you on the phone. Hi, carl. Good to have you on. Sure. And we had Travis Callan from uber on, and he said, look, give us a break, we plan to be around for 30 or 40 year, and we are e early in the life cycle, and so easy on the pressure to go public. And tell that to travis employees who have
Speaking in a half hourer, and we will see if they made any headway in uniting the party. There is considerable amount of support for donald trump within the house and the senate caucuses, but paul ryan who is an unusually ideadriven and philosophydriven politician has withheld the support, and he is important, because he the highest ranking republican elected oofficial in the country right now, and we will find out in 30 minutes if he believes it is a step forward as reince priebus, the National Republican chairman said it is a good meeting and positive step forward for unity, and we will have yet to hear from others. Thank you, jop. We will see you in about 30 minutes. Thank you, john har woo. And looking at tech, while peter teal was said to be on the trump delegate list, and we will turn to karen on that, and also facebook and how they are courting the republicans. Peter teal is not a surprise. She is a libertarian, and counter to most of the silicon valley, and they are all republ