. >> clerk: walter wong, jane kim, allen lowe, david lee, zhou wong zeng. if you hear your name called, if you could please line up along the wall. i will read a few more names because those people may be downstairs. walter wong, jane kim, allen lowe, david lee, zhou longzheng, harlem wong, cindy woo, eric mar. >> chair heinicke: let's stop right there. are any of those people in the room? >> clerk: i'll read the next ten. >> chair heinicke: please do so. >> clerk: santiago reese. if you're in the room raise your hand. sam moss, eddy onn. wing ho leung, paizong zhang -- pai zhee woo, sarah won. dean eato taylor. linda clayton, dale gillman -- >> while we have a moment and you're reading off the names, i've never had an opportunity to thank my former colleague senator quinnton cobb for his record and what an honorable record it was to serve with you. >> clerk: lucy lynn. cora -- we have some people. >> chair heinicke: what is your name? >> eddy on. >> chair heinicke: is there anybody else who has been called? can you call ten more names? >> clerk: hold on. i

low. i'm paul allen in sydney. kathleen: i am kathleen hays. u.s.cks started the week pretty flat as the latest purchasing manager index numbers disappointed. su keenan has the details. i love it when eco-numbers are what the markets are watching. su: it was one of the slowest trading day of the month so far, down about 20% below out -- below average. the closing numbers, a 1% drop in the s&p. not by much. you will notice oil holding steady. we will get to more details on that in a minute. we want to go into the bloomberg because volatility is the title of one of the biggest stories at the moment. it has to do with wework. one of the most anticipated ipo's that has now been delayed and big drama developing. will softbank push and succeed in pushing? they want to remove the ceo and founder adam neumann. spending profusely is one of the issues. the company has yet to make money. this you will notice shows the drop in bonds while this big tempest is growing. let's go to some of the big movers. you will see the size of the moves not that great. pg&e in

paul: i'm paul allen in sydney, you are watching "daybreak: australia." u.s. stocks are sitting at a three week lowwith an array of factors weighing on investors minds from impeachment investigations and a jobs report, to the planned resumption of china trade talks. watching all of this is sandip bhagat. he joins us today from los angeles. thank you for joining us. i want to start off with, kind of about the fed. the top story on bloomberg at the moment, companies with a lot of debt seem to be outperforming at the moment so the rate cuts are working. i'm wondering if you see that money being invested in capex, will it be reflected in earnings? nobody was really complaining that borrowing was too expensive, where they? sandip: no. i suspect a lot of this may be along the lines of a technical bounce. you know the diversions that has taken place between so-called growth fell -- growth stocks and value stocks. they are sensitive to the economic cycle. there fundamentals may not be strong. if this drive is being influenced by leverage, high debt on the balance sheet, that is hardly a winning strategy fo

allen in sydney, and you are watching "daybreak australia." ipo sagak continues. they are considering major changes to address investor concerns. banks -- as lown. joining us to discuss is david kirkpatrick. a bit ofad wework make a concession i guess. it will change its corporate governments to ease investor concerns. is that a tacit admission that its corporate governance left a lot to be desired in the first place? david: it certainly is, but there is plenty more about the company that continues to leave a lot to be desired. it tendencyarily, to continue to lose money with no prospects of reversal in that. investorto me, it any that puts money into this company is probably going to regret it. you are not alone in your thoughts, david. last month, we have the ceo make some remarks. let's take a look at what he had to say. >> i found myself more confused rather than less confused. the only reason this is a particular issue is burden of proof. you would think that you would be motivated to make it really easy for investors to understand why they should hand over $3.5 billion more. they obviously decided they did not have to do that. paul: that

allen, you'll continue to follow this. >>> more from the climate change forum in d.c. nbc news analysis found record high temperatures compared to record lowmperatures in the past 40 years. some regions of the country, that means more extreme heat, more wildfires. >>> and we hear from a family benefitting from 2020 presidential candidate andrew yang's freedom dividend. you're watching msnbc. msnbc. ♪ be right back. with moderate to severe crohn's disease, i was there, just not always where i needed to be. is she alright? i hope so. so i talked to my doctor about humira. i learned humira is for people who still have symptoms of crohn's disease after trying other medications. and the majority of people on humira saw significant symptom relief and many achieved remission in as little as 4 weeks. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened; as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've been to areas w

allen. shery: nissan is losing another top executive today. to stepd told the ceo down amid a scandal about his pay. nissan needs to find a leader to guide the company through a decade lowand job cuts as the global auto market slows. joining us from hong kong is a research partnership founder and managing partner. it is great to have you with us. we are hearing from sources from bloomberg that there are 10 candidates including people from nissan and renault to take this job. it would be the third person to take the helm in three years. what are the challenges the new ceo what race and what sort of people do we need to see in that position? >> they have got several challenges. access capacity across the board and excess capacity of old engines rather than electric , lots of new people coming in. excess old capacity, growing capacity on the new site of rolling demand. very difficult backdrop. you have nissan who has got too much old capacity and the production and step undercut. questions for a new prison getting in, probably a guy, where will those fall? will they fall in japan or in france? it is a politically very different hot potato. no envy of his position. the new