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here is what a unicorn really is. >> you are a unicorn. >> i'm a what? >> a unicorn.usive creature all single women are looking for? >> you're factory fresh, buddy. >> what makes a hot commodity? >> first and foremost, having a job. that's very important, right? >> boom >> number one. and a family guy. >> other things that make walton goggins' character a unicorn? the recently widowed guy is super devoted to his two daughters. and he's got good friends, all trying to help him find love again. >> that's my sister meg.e s' ne thursday night sitcom is all about dating, we had to ask -- >> what emoji would describe your personality? >> uh, the winky one. >> cute. >> okay, what's you're best pickup line? >> oh. are you wifi? 'cause i'm feeling a connection. >> i'm making a cup of coffee. do you want one? >> you know what? that honestly is a great pickup line, and it would work on me. if this premise is making you think, what is the best way to get back into the dating game? well, it's perfect timing for our thursdate with relationship expert matthew hussey. >> okay, so you

unicorn. >> are you a unicorn. >> i'm a what?he dating sites are having midlife crises, getting divorced, buying porsches. they're hook up with 25-year-olds. >> are you a devoted father, you are a devoted husband. and not for nothing you haven't had sex with anybody besides jill for, like, 20 years. you're factory fresh. >> technically, he's certified preowned. >> why do you have to put your own spin on everything? >> stephen: walton, it's nice to meet you again. >> yeah. >> stephen: "the unicorn" premieres tomorrow at 8:30 on cbs. walton goggi , everybody! captioning sponsored by cbs >> stephen: that's it for "the late show." tune in tomorrow when i'll be joined by bernie sanders and musical guest brittany howard. now stick around for james good night! captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org ♪ are you ready y'all to have some fun ♪ feel the love tonight don't you worry ♪ where it is you come from it'll be all right ♪ it's the late, late show

i feel like if i want to say i'm a unicorn, then i'm a unicorn, and you can just believe and be.because my synonym for a happy place is unicorn island, that's reallyy where it stems from. >> reporter: for her next chapter, singh has brought along the team from some of her biggest viral hits, hopiea they can cr the same success for nbc. >> social mea people are mine, the editor is mine. >> reporter: equally important, she says, is the history she's carryingorward. in 1986, joan rivers became the first woman given a shot at the late night chair, but she failed to gain traction and wckly takeoff the air. >> reporter: it took decades a befother woman was given another chance, and since then, no woman has made it past n single sea late night on any major network. >> i always just remind myself it's part of chipping away that path. regardless of what the outcome is, if i'm being sure cadid, it won't maer because it will help pave the math. >> woodruff >> reporter: regardless of how >> we want it to go well. but my actual presence, being a part of this is already making the path. >> rep

going into hong kong, lest unicorns going into hong kong, lest unicorns going into hong kong, so theygrowth somewhere and what better match than purchasing one of the main stock exchanges in europe at another main important financial hub? and in terms of timing, now is perfect because the london stock exchange will acquire affinity of and if that deal would have gone through, the resulting entity would have been too big for the hong kong stock exchange to be acquired. and the currency exchange, the pound being undervalued at the moment, but tell us about the regulatory hurdles stop you said earlier it's unlikely a chinese entity will be be able to buy into the london stock exchange but we've heard other regulatory hurdles in the past where courtiers have sought out the london stock exchange. giving up such an important financial entity in your country to a foreign entity is obviously extremely difficult. regulators will probably not want to be seen as giving the green light to such a deal, especially in an environment where uk politics is very probably a bit dizzy thinking about brexi

. >> you're a unicorn. >> i'm a what. >> a unicorn.your honor, that thing that all women are looking for. >> reporter: he's playing a single father and getting help to get back into the dating scene. >> it's dating, but it's a story on the other side of loss. that could be anything, any great transformation we go through as human beings. >> reporter: unicorn premieres after young sheldon. and they have a new thriller called uncut gems. >> it's about to pay off. >> reporter: sandler plays a jewelry store own and gambler who must find a way to pay off his debts before it's too late. tureviews in theaters in december. that's your eye on entertainment. cbs news los angeles. >>> wake up grandma. she won't want to miss this. two type of brothers screaming. why? you'll see. >> and stars in napa. why he was so impressed by the other long shot next. >> and taking a live look outside in the juul record. they took $12.8 billion from big tobacco. juul marketed mango, mint, and menthol flavors, addicting kids to nicotine. five million kids now usin

when they get them interest rates and multi $100000000000.00 trillion dollar thank your capital unicorns are all going lost and the colossal

a so-called unicorn d s year earlier do small shares of a small direct like around 28 percent on his debut towards a one so far this year for a company of over $1000000000.00 seen the private market uber moved to the place spotted with a loss of 7.6 percent on the shares my always valued colleague luis de harlow there thank you very much. chinese consumers are cutting back on a beloved staple after park prices nearly doubled that's the result of a shortage caused by an outbreak of african swine fever beijing is now taking steps to keep park becoming prohibitively pricey. chinese consumers are hoping to bag a bargain before the country's national day celebrations but an outbreak of african swine fever has put a damper on the food heavy festivities more than 100000000 chinese pigs have been lost to the virus depressing the nation's pork supply and sending the proteins price skyrocketing beijing shoppers are still stocking up on the country's favorite meat but high prices are leaving a bad taste in some consumers miles telling me the side by the market almost every week sometimes when t

in 2019 with negative interest rates and multi $100000000000.00 trillion dollar venture capital unicorns are all going bust and the colossal failure is being felt in every corner of the global economy and the us was smart countries are buying gold so i believe that was chuck prince who said that at the time back in 2008 and of course music is going and that's why people keep on lending money to these corporations like casper matches like live like jordache like and they keep on losing money and losing money and fracking as well so here's the headline we work business model is systemic risk to economy rosengren says so remember back in 2008 when the economy collapses the banks that were too big to fail we could have he's you know accordance with mythical magical business models that apparently might be too big to fail and we might need to bail these companies out because we work they are the largest tenant in new york city chicago denver and central london they have 47000000000 liabilities and eric rosengren who's the boston fed president he was speaking at n.y.u. your alma mater and he s

have the zombie corporations we have this the zombie you know housing market we have this zombie unicorns that's in the headlines to this week we worked all their i.p.o. they've been getting all sorts of free money losing money hand over fist signing breaking all laws of basic banking like you know in terms of duration mismatch they they have long term leases for all $47000000000.00 of the leases and short term like weekly or daily or sometimes monthly contracts with various tenants and that's obviously a recipe for disaster in any long term property investor like say sam zell would tell you this is this is a disaster and of course we have some headlines regarding this is a sort of this is a classic mistake of property developers and now they've turned it into a huge market like that we work to open ear companies go we they've signed the billions and billions of long term leases. isn't the idea is to fill it up with short term tenants and now the economy is going under and the company's probably going to go bankrupt and that they're the biggest leaser in major cities all over the world an

to unicorns and much more ready to take you around the world let's go. a reset for us china trade talks leads are global reports today as officials from beijing say they will visit washington early october u.s. trade representative lobert robert white hisor treasury secretary steven nugent and chinese prime prime vice premier you full well by phone on thursday morning and worked out the details for the upcoming meeting the meeting would be the 13th round of talks between beijing and washington since january the news also comes as the u.s. is introducing a 15 percent tariff on $270000000000.00 in consumer goods from china plans are also in motion to raise tariffs on consumer goods from 25 to 30 percent expected to take effect on october 1st on the news of the talks markets in china japan and the u.s. all well lead making huge gains for thursday. china has called on canada to immediately release arrested follow executive moments all during comments regarding the appointment of a new canadian ambassador to china man who serves as c.f.o. of the telecom giant

the costumes look amazing. >> did you get to keep the unicorn?at kind of magic is in store for season two. our lauren zima found out. >> i'm lauren zima. we are here on "the masked singer" season two premiere carpet and you guys this show has it all. tears, jaw dropping moments, famous faces and fashion. ♪ i'm too sexy for my shirt >> the costumes are even better. >> i love flamingo. love leopard and thingamajig. >> the looks are peak "masked singer" insanity. one costume may even leave you shell shocked. >> ladies and gents, this is the moment you've been waiting for. >> 16 incognito contestants will take the stage. that's four more than season one and stars were begging to take part. >> when you have to turn people down, that's a true sign of success. >> even more security measures were enforced to protect the identities. the panelists can't even tell their families. >> did you ever almost slip? >> i've been pretty good about that because i have no friends. >> the show is such a phenomenon. season three is already a go and these guys have a cas

they reported the third worst unicorn debut since 2008.ll as much as 14% after raising just over $1 billion in its ipo. the ceo told bloomberg he is upbeat about the future. >> the biggest thing is we are playing the long game. we see this as literally building millions and millions of subscribers around the globe for the coming years. we have the money to do that. after fully funded today's primary. we are feeling confident. lasten you think about the couple days and the last couple weeks, you mentioned the markets. obviously is on everybody's mind. it is a tricky ipo market to say the least. do you have a sense of where the miscalculation was, if there was one? john: this is my a fundraiser for peloton, and it has always been -- eighth fundraiser for peloton. those believers and nonbelievers. the people who believed, for every one of the rounds, for eight years now, have been very, very, very happy, and we are going to continue to delight the capital partners who invest in us. >> you mentioned fully funded. what are you going to do with

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this level is on pace for the second worst debut of one of the so-called unicorns this year a unicorn was a private technology company that had a private market valuation of a billion dollars or more. peloton's debut, uber obviously the other one. down 7% right now. priced at $27. price was at $29 on the high end. if they would have priced at $27, they would have been flat i think you've got to talk about the bankers as much as the product here >>> we have got a lot more left to do here here's what's coming up on "the halftime report. >> hitting the bullseye. target shares up 60% this year and cohen thinks it has more move to run naming it a top pick it's our call of the day plus keep your questions coming. the investment committee will be answering a few straight ahead you can reach us on cnbc.com/halftime or tweet us. "the halftime report" is back in two minutes. automatically goes into a money market fund when you open a new account. and fidelity's rate is higher than e*trade's, td ameritrade's, even 9 times more than schwab's. plus only fidelity has zero account fees and zero mini

ipo will notwork's be the celebration that the office unicorn once foresaw, targeting valuation far below last round. this is bloomberg. ♪ . ♪ ipo may not be the celebration at the start of hope for. be company is said to seeking a valuation of about $20 billion to $30 billion when it goes public, less than half the valuation that the unicorn secured from softbank just a few months ago. our senior reporter is here with us with the story. what happened? yft gosaw uber and l public earlier this year. the market saw where they came in. people now looking at wework, projecting ahead, looking at the performance, and maybe early feedback from investment was not what bankers were looking for. that feedback has been conveyed to the company, and now expectations have been lowered. amanda: one of the things that was striking is the perspective, some unusual elements to it. we learned some things about the interdependence of the company's founder, in terms of the businesses inside. does all of that play into the mix of reluctance to give it a big valuation? gillian: a few folks have gone on the reco

unicorn at 8:30 followed by mom at 9:00. then the new comedy carol's second act at 9:30 and evil at 10:00 and of course the kpix 5 news at 11:00. >>> still ahead, getting people the tech training they need to enter the work force. a bay area man's decades-long mission. >>> and a reminder if you have a consumer problem or question, e-mail us, consumer watch@wpix.com or call the number. we'll be right back. >>> it can be hard to find a job if you don't have a basic knowledge of technology. >> a berkeley nonprofit has been training people for decades. sharon chin introduces us to its founder who's this week's bay area jefferson award winner. >> reporter: u.s. navy veteran mike paige got the computer skills he needed to land an administrative job. >> good thing you know when people learn word. >> reporter: thanks to mansour adeen. >> he means everything to me. he is a friend. a confidant. mentor. >> reporter: he founded inner r computer basics and job hunting needed to secure employment and keep it. >> contrary to what a lot of

a merino even appears on a stray unicorns but the dark side of the story is that the sheep of bread to produce excessive amounts of wool and there are serious concerns about the why there are a east. the 4 paws foundation for animal welfare has been investigating those conditions. as consumers want wool clothing that's fluffy soft and cuddly what's the reality behind all production this is that they are 88 there are real problems with animal welfare and australian sheep foreign nation. door to door activists are particularly concerned about a process called meals ing which is designed to protect shape from fly maggots and these hidden camera video you can see how strips of skin are removed from the buttocks without the use of anesthetics. as one of the ever fashion you can just imagine how much that hurts the name is intense years and it lasts for several days no. more the 90 percent of all will comes from a shape that was subjected to this procedure. disaster does you won't find a lot of musing free sweaters in the shops statical 2nd how can consumers find out whether the sheep have b

viep is now one o the highesthe valu private tech companies in the world known as unicorns having justnce add round of finances from some of silicon valley's most prestigious venture capital. for the next phase they may be taking on more risk. use be the fresh fund to expand to new international markets and into new businesses like lending putting it in competition witha other eshed companies like square and paypal for nightly business report, dedra bosa in san francisco. >>> mcdonald's hikes the dividend and that's where we begin theke m focus w wh the fast food chain raising the dividend 8% t%$1.25 a share. e company ceo said the hike reflects the company's continued focus d onving longest value for all stake hoerlds. shares fell a fraction with the rest of the market to 209.39. netflix took a hit after notes from analysts at everwoer said international growth could slow which it has been since july. this comes at netflix faces stiff competition this fall as sthe likes of disney p apple launch their own streaming services. netflix shares fell 5.5% to 270.75. >>> the fda approved the

to unicorns and much more ready to take you around the world let's go. a reset for us china trade talks leads are global reports today as officials from beijing say they will visit washington an early october u.s. trade representative lobert robert litan hisor treasury secretary see the new chairman and chinese prime prime vice premier you spoke well by phone on thursday morning and worked out the details for the upcoming meeting the meeting would be the 13th round of talks between beijing and washington since january the news also comes as the u.s. is introducing a 15 percent tariff on $270000000000.00 in consumer goods from china plans are also in motion to raise tariffs on non consumer goods from 25 to 30 percent expected to take effect on october 1st on the news of the talks markets in china japan and the u.s. all rallied making huge gains for thursday. china has called on canada to immediately release a rest at follow executive moment so john connor.

are 2019 with negative interest rates and multi $100000000000.00 trillion dollar venture capital unicorns are all going to cost and the colossal fail out is being felt in every corner of the global economy and that's why our countries are buying gold. what holds us and. we put themselves on the line to get accepted or rejected. so when you want to be president. more so more want to be pushed. into going to be press which is what the 43 in the morning can't be good. i'm interested always in the waters in my. quest to. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics sports business i'm show business i'll see you then. this is. hello again previously classified f.b.i. documents obtained by the new york shed light on some of the bureau's covert activities there were multiple court orders have been used to collect personal data from a lot more companies institutions than previously thought. the demands can scoop up a variety of information including user names locations ip addresses and records of purchases they don't require a judge's app

in 2019 with negative interest rates and multi $100000000000.00 trillion dollar venture capital unicorns are all going processed and the colossal fail out is being felt in every corner of the global economy and that's why countries are buying gold. this is a story about what happens auster a stray bullet kills a young girl in the streets. what happens to her family and daughters in florida you know the mother daughter is buried in a cemetery meaning this is your head what happens to the community the public was screaming for a scapegoat the police needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pen this than him and what happens in court. shot shot as far as i feel. we don't know she'll just. end of this unfortunately you. will still not know. if the tense situation in venezuela is still all over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has been faithfully implemented from the inside venezuela things are different we're going to announce sanctions against the troll is to venezu

another unicorn has stumbled on its first day of trading.on, the maker of the stationary bikes where you stream live classes, that tumbled 11% yesterday after the company's debut on the nasdaq failed to impress. the stock opening at $27 a share, that was $2 below the ipo price. the worry, they are not making a profit. but peloton's ceo spoke with our own gerri willis and he sounds pretty confident. >> we have doubled the company every year since we've been in existence. the triple digit growth, the law of large numbers would say you can't continue that forever, but this is a higher growth company and we plan to be one of the special growth stories of the next decade. cheryl: we shall see how pton opens up today. endeavor group wants to avoid what happened to peloton. the entertainment company pulling its ipo which was due to make its trading debut actually today. all of this after another ipo story we've been covering and that's wework, they canceled their ipo earlier this month. government and ceo issues happening at wework we should add. l

>> a unicorn. you know, that elusive creature that all single women are looking for.etting divorced, they're buying porsches, hooking up with 25-year-olds. >> you are a devoted father. you are a devoted husband. and not for nothing, you haven't had sex with anybody besides jill in like 20 years. you're factory fresh, buddy. >> technically he's certified preowned. >> why you got to put your own spin on everything? >> that's life for you. wallon goggins -- walton goggins. what a man indeed. i have to say that the premise for the show would not immediately strike one as fodder for comedy. the guy's wife passes away. he's living in the aftermath of that. >> that's right. yeah. >> but you say this is kind of the life on the other side of tragedy. >> yeah, his wife passed away, and he has two daughters. and -- yeah, like at first glance, it wouldn't be funny. but pain and joy are infused with absurdity. and that's -- that's what life is. life is funny in those moments. and this is a story about his community kind of coming together to help him learn how to live again. >> ye

right now, though, the question is, does anybody want to adopt a unicorn?seen, the really harsh receptions have gotten to peloton, uber, lyft, slack, a lot of these highly touted privately financed ipos. the question is, is it really bumping against parts of the public markets and it seems like perhaps, yes, this is the arc invest innovation etf 1.5 billion etf, has a lot of these emerging growth companies, these disruptive tech names. and it has struggled in the last couple of months, as you see there. right when the market peaked around july 31st so the whole wework drama in here it doesn't seem like the whole category is being thrown away, but there's a rethink for these aggressive business models that haven't shown profitability. but if you look at a five-year version of this same comparison chart, you can see how much of a lead was built up. clearly giving back some outperformance and i think there's a reassessment of just how much to pay up for a distant future growth, guys. >> but mike, it was really just a sort of period in late '18, early '19 when

we did have two ipos once again we're starting to see some of these household names unicorns are notl as expected but they did raise more than anticipated. 10 10x genomics did well. and names that aren't big unicorn names did better >> the european central bank cut rates by 10 basis points and set to restart asset purchases in november this as we await a critical decision from the federal reserve. does it put pressure on jerome powell daniel tarullo joins us now in an exclusive interview thanks very much for joining us, dan. great to see you do you think that the president had a point today when he suggested the ecb's actions were at least in part motivated by wanting to weaken the euro >> well, i doubt, actually obviously central banks look and project the impact on exchange rates of monetary policy moves but ecb's strategy has been a long term strategy of trying to have very accommodative monetary policy, more accommodating than we have. i don't think there was any intentionality to affect exchange rapts but we should be clear they do anticipate some exchange rate move they were sl

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peloton becomes the latest unicorn to fall short as another pulls the plug facebook preparing to send sand burg back to capitol hill. and shares of one tech company falls sharply. the rbi you have got to hear can netflix latest bet be enough to turn around the stock we've certainly seen stranger things it is friday, september 27 "worldwide exchange" starts now. ♪ >> good morning, good afternoon, good evening i'm brian sullivan our motto is always, you can have your cake and eat it too. some of this year's moat notable ipos and performance since debuts smile direct down 44%. lyft, and uper down, slack, down peloton is down. not a pretty picture something we'll be talking about. more on that coming up that is just a small slice ofov overall market futures gaining steam. they are up 70 points. we say we are within 2%. we are the dow is 1.8% from all-time highs. eight of the dow 30 have hit one year, multiyear or all-time highs this month eight of 30 hitting that high in the bad month of september we are seeing a mixed trade in asia shanghai up, japan fell .7%. rosier in european markets

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time now for a quick break but stay tuned because when we return start of unicorns have been all busy the rage in finance but could the hype headlines be missing the bigger story after the break we said what the future holds for those companies and their valuations might be a bit misleading and later. in the studio to break down the latest in a string of scandals coming from facebook as millions of phone numbers are at risk and as we go to break here are the market numbers of a close. i'm . ready ready ready sure. to stop the growth. i just never know very good about the idea of bringing. it into the world because i didn't feel like things were in very good shape that a life was just going to be a lot of software program. there is no reason the more. you take things that are to me the. movies on the move something else that. everybody's scared to talk about is survival is really dependent on us addressing this issue and if we can even talk about it every chance even have a conversation about it ready . after almost 2 decades of war and occupation american military involvement in afgha

that were finding out these unicorns have more . but that's last word from jonathan. taxpayers on the hook for police overtime fees in yesterday's massive dc shutdown. wait to use he would want chrisman wants to do about it all. ♪ usic playing ] mom you've got to get yourself a new car. i wish i could save faster. you're making good choices. you'll get there. ♪ were you going to tell me about this? i know i can't afford to go. i still have this car so you can afford to go. i am so proud of you. thanks. principal. we can help you plan for that. start today at principal.com. it also has the highest growth in manufacturing jobs in the us. it's a competition for the talent. employees need more than just a paycheck. you definitely want to take advantage of all the benefits you can get. 2/3 of employees said that the workplace is an important source for personal savings and protection solutions. the workplace should be a source of financial security. keeping your people happy is what keeps your people. that's financial wellness. put your

time now for a quick break but stay tuned because one return startup unicorns have been all busy the rage in finance but could the hype headlines be missing the bigger story after the break we said for what the future holds for those companies and their valuations might be a bit misleading and later. in the studio to break down the latest in a string of scandals coming from facebook as millions of phone numbers all at risk and as we go to break here are the market numbers up because. there are good and bad the bad news in yemen the united states. the good. the cia and the u.s. military were engaged in covert actions really throughout the world. where they were assassinating populist leaders they were backing up right wing military funding an army. there's no. and all because there's always a small people for war and really what could this. profit. as you say danged allusion to the christmas cake you know school is terrible and not as it's simple compared with simple to deal with climate change as compared to making god had to triple the terror for there's a dangerous to do some dista

it's a different set to some extent of investors in fangs versus unicorn ipos. do think it speaks to the caution generally in sentiment that i think has started to present itself in markets. and, again, it's more of a show me attitude near highs with valuations as full as they are so, again, i think it's in support to some extent of my cautious stance relative to what's been happening in those names. >> do you think it's further confirmation on this trends we're seeing where value is starting to outperform growth if you look at the russell 1000 value over russell 1000 growth you're seeing that gap widen >> 100%. it's also defense led market as well we talked about this endlessly what's leading the market. utilities, staples, health care up until the last couple of days those have been the leaders. defensive market and you got this rotation on top of that and then you have this -- no appetite for not profitable company. so i don't think that this company -- i really think long term it's a good story i think we have to wait and let it settle out. let the dust sett

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billionet north of $20 in valuation, you are not talking about hundreds of unicorns anymore.hen you have that valuation coupled with losses, it was kind of a recipe for disaster. we have been in very much a bull market in private stocks, and that has led to terms on how they raise capital. at some point, you are going to have the pendulum swing. when you have this kind of headline, a cut in valuation will shift those numbers over to investors that will ask for more corporate governance and other aspects within the cap structure that they feel more comfortable with. that $6you mentioned billion financing was contingent upon that ipo. assuming that doesn't happen, when does we work get more cash and where? crystal: i think the simple answer is they always need to get more cash as soon as possible. intomay look into tapping softbank to get more funding. there were some talks about softbank being willing to put another couple hundred of million -- couple hundred million dollars into the country. taylor: quickly, any ideas on when is the drop dead deadline for raising more cash? p

a merino even appears on a stray unicorns but the dark side of the story is that the sheep bred to produce excessive amounts of wool and there are serious concerns about the way there were a east. the fop was foundation for animal welfare has been investigating those conditions. as consumers want wool clothing that's fluffy soft and cuddly what's the reality behind all production this is the theory t. it there are real problems with animal welfare and australian sheep foreign relations. to. activists are particularly concerned about a process called mills ing which is designed to protect sheep from fly maggots and these hidden camera video as you can see how strips of skin are removed from the buttocks without the use of anesthetics. as long as the younger flushed you can just imagine how much that hurts or perhaps the name is intense and it lasts for several days no. more the 90 percent of all will comes from a shape that was subjected to this procedure. disaster does you won't find a lot of musing free sweaters in the shops. how can consumers find out whether the sheep have been raised h

instance where we have seen for years, this was one of the most hyped unicorns in silicon valley.icipation -- the stock went down 15% today. it went down about 20% after that first pop when it went public in june. the reason why is because the company is decelerating. it's a money-losing company. from an investor perspective if you are not making money, you need to be growing. and if you are not making money and not growing as quickly as you want to, we are concerned. ♪ be quiteks ipo may not the celebration they hope for. the company is said to be seeking evaluation of about $20 billion to $30 billion goes public, less than half the valuation the unicorn secured from softbank just a few months ago. what happened? left, otherer and big ridesharing companies that went public, marcus sasol where they came in and people are now projecting ahead, looking at the performance with early feedback from investors, and that feedback has been compared to the company and expectations have been lowered. ♪ ♪ if you look at the dots and stuff, back in december we were saying don't hike in decembe

up next, how australia's pension funds are helping fuel the hunt for unicorns. see how and why just ahead. this is bloomberg. ♪ paul: australia's pension funds are helping fuel the hunt for unicorns. australia-based inter-capital firms raise a record amount of money in 2018, largely from the pensionfourth largest pot. foris capital flowing venture capital funds? >> certainly the next evolution first rail you is pension funds in any case. they have been dabbling in private equity for quite a while. venture capital is certainly the next step on that risk spectrum, and it is easy to understand why. a fund in melbourne is raising up to $50 million, small chunk of change for the pension fund about 20%e, but annualized returns over a 10-year life as a fund. when you see treasuries yielding of negative%, a lot yielding bonds around the world, it certainly does make it an attractive investment for pension funds that have a aboute to hit targets of 3% to 3.5% above inflation. bets? how risky are these >> they are certainly risky. there's no doubt about that. saw private

hyped unicorns in silicon valley. it raised at least $1.3 billion because of all that anticipation, and the stock went down 15% today. the stock went down about 20% after that first pop when it went public in june, and the reason why is because the company is decelerating. whether we consider the revenue forecast for fiscal 2020, which was just short of the consensus estimate of wall street analysts, or if we consider the growth in the number of paid customers and large customers. is for many metrics, slack not growing as quickly as it once did. there is the law of gravity when it comes to these pod application companies. the larger you get, the more difficult it is to continue growing at the same rate. money-losing company. from an investor perspective, if you are not making money, then you need to be growing. if you are not making money and you are not growing as quickly as we want you to, then we are a little bit concerned. taylor: you not only got the investor perspective, but you heard from the ceo. what did he h

talk out of both sides of their mouth, they do, i'm just saying the real world -- were not riding unicornsnd monkeys, that's not how the world works. as much as we'd like it to happen and nelson ron singing kumbaya. kennedy: were blowing the living crab out of civilians and starvation of thousands of children over to unicorns. >> that is a false choice. >> let's balance the story. kennedy: when you say let's, that does not have to include the u.s., that's a wonderful thing about the middle east and canada started lobbing bombs at our civilians i don't think uae or the saudi's to come to our defense. >> so they are bombing the saudi airport as an example. backed by iran in the around provides them with money and communication support, personne. kennedy: they have money, they could defend themselves they are doing horrible things. >> again, i keep going back to the same point, i don't disagree in an ideal world, we back out of this and say sorry, but you know what they would do, they will continue to lose leverage and the middle east and believe it or not we do want leverage in the middle ea

we have seen for years, this was one of the most hyped unicorns in silicon valley.ed at least $1.3 billion because of all that anticipation, and the stock went down 15% today. it went down about 20% after that first pop when it went public in june. the reason why is because the company is decelerating. slack is a money-losing company. from an investor perspective, if you are not making money, you need to be growing. and if you are not making money and not growing as quickly as we want you to, we are a little bit concerned. shery: wework's ipo may not be celebration the startup hoped for. the company is said to be seeking evaluation of about $20 billion to $30 billion when it goes public. that is less than half the valuation the unicorn secured from softbank just a few months ago. so, gillian, what happened? gillian: yeah, we saw uber and lyft, other big ridesharing companies that went public, markets saw where they came in and people are now projecting ahead, looking at the performance with early feedback from investors that was not what the bankers were looking for