A bit of a mixed bag. Employment growth decelerating. It is consistent with some slowing. The economy is slowing. The manufacturing slowdown is continuing. But it is happening at a very gradual pace. We are slowly pressing on the brake here. It is not a falling out of bed moment. It is not a flashing red, the economy is falling off a cliff number to me. Definitely falling off a cliff. The market is not doing anything. The market is priced in for an october rate cut. We have to pencil in a fed rate cut in october. For those looking for a decisive message, a deterministic one, they did not get it. Jonathan joining me around the table to discuss in new york are our guests, oksana aranov, lisa hornby, and Gershon Distenfeld. Guys, i want to begin with what changed this week for all three of you. Did anything change for you, oksana, this week, given the data we had . Oksana nothing has really changed on the economic backdrop. We did have some weak numbers there, but an ontrack jobs number a
I dont consider myself a journalist. Nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Let me ask you a question at the beginning. How does it feel to get up in the morning and know that 330 million americans want to know the state of your health that they . That day . [laughter] jus. Ginsberg it is encouraging. I have tried to survive but the disease is a challenge. It helps to know the people are it helps to know the people are rooting for you. It is not universal. [laughter] when i had think reedit cancer in 2009, there was a senator whose name i dont recall but he said i would be dead within six months. That senator is now no longer alive. [laughter] [applause] shery but you cant remember his name . Jus. Ginsberg no, i dont. David your current view is as long as you are healthy and able to do the job, y
I dont consider myself a journalist. No one else would consider me a journalist. Ofegan to take on the life being an interviewer. What is it that makes someone tick . Let me ask you a question at the beginning, how does it feel to get up in the morning and know that 330 million americans want to know the state of your health that day . It encouraging. , itancer survivors know helps to know people are rooting for you. It is not universal. Pancreatic cancer in 2009, there was a senator whose name i do not recall that he said i would be dead within six months. That senator is now no longer alive. But you cannot remember his name. No. Your current view is as long as you are healthy and able to do the job, you intend to stay on the court. Is that correct . As long as i am healthy and mentally agile. Stevens and oliversly justice holmes, they were tired when they were 90. Would you like to break their record . Ini spent the first weekend july with Justice Stevens on what turned out to be the
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 now plan thousands of job cuts. 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 next few months with these new coceos, trying to show wall street, we are going to cut back on expenses, we are making changes at the company, it is no longer a company with this wide variety of businesses alongside its main core business, which is renting out office space. Kurt is there any one
We will break down all the numbers for you. 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. They will put some of their business is up for sale. 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