it makes a lot of sense for john legere to be considered. he is a other folk character character- a colorful and he could stay on at wework. this is all speculation t-mobile sprint is downd 2.6%. both stocks off lows. that john legere may leave but regulatory concerns. hong kong chaos intensifies. fresh protesting the weight of a student death resulted in live rounds of bullets, tear gas, and arson in the streets. the violent demonstrations were aimed at destructing the money morning commute. it is warned that protesters will >> will not reach their goals. >> if there is wishful thinking that by escalating violence the hong kong government will yield to pressure to satisfy the so-called political demands, violence is not going to give us any solutions to the problems that hong kong is facing. bloombergt's welcome national security team leader. it looks like there is no end. there is more violence in fact. what is the word in washington? seen the violence spike over the weekend and dramatic images coming out on social media of the turn things

where ever john legere goes, that's the place to buy.hought that weworks were circling the drain until this kind of news i'm buy world com if john legere was there. >> was this a hunch or was it signals? >> i've known john a long time i've just been tracking him. he's got a contract that will be expiring pretty soon it's december 9th. any number was was formally named president was promts proma couple months after the deal might get to the ceo job this was not much of a hidden secret >> he's on the market. >> he's all dressed up going somewhere. that was part of it. another part is there's nobody else on the planet that has the same experience of going into over hype environments and having the financial wherewithal to tease it out. he's had a relationship with his son that hardly anybody has had. >> back in september, you said something to the effect that you don't think he should take the job. that he would take the job i'm wondering why you said that. >> i think he would because he likes a crazy -- >> why shouldn't he? >> well, i didn

wework ceo's search is said to include t-mobile ceo john legere. john legere has ties to softbank.his comes at the same time as legere is pushing for a merger with sprint, whose owner is also softbank. walk us through the news of today. ellen: as we reported this morning, it seems like he is one of several names up for consideration for a ceo search fo for wework. this is something that has kind of been percolating. again, this may be a sign of softbank pulling the strings. we talked about -- they have a lot of control over wework. they have strong ties over john legere. in an amusing twist, ties with the executive chairman who is a former sprint leader and someone who in the past has sparred publicly at times with john legere over telecom industry beefs they had. one of them even called the other a conman on twitter. it seems like his name is in the ring. kurt: it has been six weeks since newman stepped down. what has been going on at wework on the executive front? ellen: it has been a long six weeks. in late september, there was the upheaval. adam neumann stepped down. we had the

possibly john legere might mono take the job. someone's got to replace adam neumann, who was pushed out after the wework ipo collapsed on revelations neumann had spent millions on a private jet, hired relatives with little to no experience and a whole bunch of other issues. we will get more on john legere and whether he would take the deal or not, coming up. >>> sun power shares electrified at this hour. currently moving higher at the moment by 2.66% as the company announces it's going to split into two publicly traded entities. its solar panel division will handle manufacturing while the energy services unit will keep the sun power name and focus on installations. >>> tupperware brands, that stock is at a record low right now, down 1.75% after the company suspended its quarterly dividend. it is attempting bravely to drive short-term profitability. we are watching tupperware at the moment. deutsche bank, we need to look at this. deutsche slashing l brands to a hold from a buy, saying efforts to revitalize its victoria's secret bu

wework ceo search is said to include t-mobile ceo john legere . ties toere has softbank. is comes at the same time as legere is pushing for a merger with sprint, also with softbank. as we reported this morning, it seems like he is one of several names up for consideration for a ceo search wework. is something that has kind of been percolating. again, this may be a sign of softbank pulling the strings. they have strong ties over john legere. twist, ties with the executive chairman who is a former sprint leader and someone who in the past has sparred publicly at times with john legere over telecom industry beefs they had. theof them even called other a conman on twitter. kurt: what has been going on at wework on the executive front? ellen: it has been a long six weeks. ,september, co-ceo's they come onto take the reins. pretty quickly, softbank chairman.he executive out alleen sending staff emails, saying, if you have any concerns or questions, feel free to email me. he seems very forward. at the same time, it seems the company is going forward with a multipronged search for

what could john legere bring to bear with that strategy?the new tax that -- the new tack that wework is trying to take, much more rhetoric around, like, we are really going to focus on the core business, providing good office solution for our customers. we are not getting distracted by these other things and we are not going to have this high personality ceo, brash at the top. a big personality ceo like adam neumann, maybe john legere is similar in some ways to him and could mimic some of that early success. caroline: i am interested by what happens to the co-ceos and at what point we realized that new leadership is needed? >> ever since adam newsom -- adam neumann stepped down and the co-ceos took over, i think there have been question marks internally about how big their role was. we have reported that they have already secured multimillion dollar packages. in the past few weeks, the executive chairman has really put himself out there to employees and internally as running the show. he writes these long memos to police saying, if you have

breaks it on the future of t-mobile ceo john legere. less than an hour to the closing bell on this monday. let's start "the claman countdown." liz: secretary of state mike pompeo has just finished a news conference at the state department during which he announced that the trump administration will reverse the obama-era position on israeli settlements. he says that the israeli settlements on the west bank are quote, not inconsistent with international law. already we are getting reaction from palestinian negotiators who say the trump administration's settlement move is quote, irresponsible u.s. behavior. obviously, this is only adding to tension in the middle east, an area which for centuries has continued to have real heat and problems. we will keep you posted on everything else regarding that. >>> elsewhere in the mideast, saudi aramco has dropped its plan for an international road

kailey: john legere. details on that, plus a story about wework's toxic phone booth. jason: and a special summit on security. they have got a new exhibit called "revealed: the hunt for bin laden." kailey: we have much more ahead on that. we begin with our top stories. in the politics section, it is lights, camera, impeachment. jason: house democrats count on public hearings to bring to life testimony that has already been given behind closed doors. here is billy house in d.c. billy: what we saw was some real concern on the part of state department officials about back channel diplomacy by rudy giuliani, and evidence, hearsay evidence, secondhand evidence of what they were hearing trump was up to. kailey: billy, what's next, and how long can all of this really go on? billy: well, what is directly next is this upcoming week of four hearings, four separate hearings, including what could be the biggest one, that of eu ambassador gordon sondland, who is the one who may have had the most direct contact with president trump on whether or not he wanted to withhold aid in retu

recapping that breaking news, wework is said to be in talks to t-mobile ceo john legere as its ceo. as been working hard to get the t-mobile-sprint merger through. t-mobile ceo john legere as its ceo. the stock on both companies are down on this news. we will continue to cover that as it develops. we will bring you more headlines in this story involving telecommunications. this is "balance of power" on bloomberg television and radio. ♪ mark: i'm mark crumpton. bolivia, the president resigned after the army pulled support and triggered weeks of violent clashes that led to intervention. he was in office 14 years. the european union's foreign policy chief was asked if the e.u. is willing to send an .bservation mission >> if conditions are right we all do our best to send mission. we will discuss this and if the conditions are right, we will be ready to work on it. coup,the victim of a because himself. syrianstests, government plans to overhaul the constitution during a dictatorship. the interior minister said the proposal of revising the constitution will be delivered in the next few da

john legere is one of many names that they are having under consideration.seems like wework, to put it in context, is still struggling to find who will be the leader that is going to take them forward out of this really tumultuous time. to take you back a mere two months, they still had the cofounder and ceo adam neumann at the head of the company. when he stepped down, they replaced him with co-ceo's who were existing executives. these two men stepped up to take over. they were quickly overshadowed by marcella gray, who was placed as executive chairman of the company by softbank. you may remember him as the former head of sprint. so now marcello is the one who has been sending out memos, saying if you have concerns, talk to me. emailed me. my emailers marcello@wework.com. i am here for you. he has taken internally this public safety role away from the co-ceo's, who are still technically there, but do not seem to be running the show. now it seems like the outside ceo search is continuing. this was something we originally had back-and-forth on, whether they w

t-mobile ceo john leger is stepping down. rebel will leave april 30. he will stay on the board. long planned transition. the new t-mobile chief executive and chief operating officer will be mike seeger. has rejected a takeover offer from xerox. the company says the bid is too low. plus, it raises questions about xerox in the printing industry. hp says it is open to exploring a merger, but there are fundamental questions that need to be answered. tope are a look at the global tech stories. chinese consumers are rediscovering their appetite for iphones. bloomberg crunched the numbers and found that apple shipped 10 million iphones in china during september and october. that was a 6% increase from a year earlier. that confirms the iphone 11 is selling more strongly than its predecessor. let's bring in mark gurman, who covers apple for us. demand?driving the the funds do not even have 5g. market: i think this is an upgrade cycle. people coming from the iphone x. last year, the iphone x, 10 asked, and 10 are not big upgrade, or it were too expensive. prices for the 10 as max were ver

liz: today, t-mobile's ceo john legere confirmed what charlie gasparino told you right here on "the clamann november 11th, that he, legere, is leaving the helm of the telecom company. this just a few weeks ahead of the state attorneys general trial against the t-mobile/sprint merger. charlie, how did you know? >> as you know, today they made it official that he's out, you know, he's -- they are basically going to -- he's going to leave when the merger's closed. couple of things interesting about this story. i did that story the same day the rumors started circulating that he was going to wework as ceo. as you know, i was incredibly skeptical of that. i did not really believe he was doing that for a lot of reasons, including the fact he's in the middle of a nasty negotiation with the state ags. it's going to be negotiated, now going to trial, and the ags want to break up the merger with sprint. he obviously doesn't. for him to go to another softbank company, remember, softbank owns sprint. softbank owns wework, essentially, now. that's a conflict of interest that's insane. plus my sources,

. ♪ joe: t-mobile ceo john legere leaving as part of a long plan of transition. e he was named chief executive in 2012, t-mobile has seniors welcome telecommunications analyst john butler. he had a great run at t-mobile, no doubt about that. before we talk about what he is going to do next or maybe the t-mobile -- achievement,atest in my mind, was becoming the face of the brand. when he took over, it was basically a dead brand, very low brand awareness, offering what i would call sort of me too mobile services. he came in and upended the whole industry, introduced what he plans, no on carrier contract service, and literally took to social media to become the face of what became sort of a consumer friendly counterculture brand. aroline: he is great at being showman. was an ideas guy behind it. was he coming up with a lot these novel ways of disrupting the market? easier -- the easy answer is yes. the chief marketing officer worked closely with john legere to craft a strategy and the narrative and message that went out with their marketing. mike has done a great job

moments ago, on the heels of dow jones/"wall street journal" headlines saying that t-mobile ceo john legere become the new ceo at wework, the embattled real estate sharing company, according to sources familiar that legere is still trying to put together and finalize this deal for t-mobile and sprint to merge. that is still taking up a good amount of time however, you may recall that david faber at one point reported that john legere as ceo of t-mobile was not expected to stay on at the combined company once the merger completed in that circumstance. as we talk about t-mobile shares that's the reason they're moving an interesting note, adam neumann the ceo and founder of wework has been ousted by softbank and they're looking for a new chief executive and it could be john legere of t-mobile if the sources at dow jones are right. back to you. >> interesting dom chu, thank you. >> what will he be the ceo of? like i'm not being like deliberately sardonic but what is this? because these -- they're not going to be able to hold on to the leases with the current capitalization structure assuming th

the worry of the stock has tripled under john leger's leadership has tripled while revenue has doubled ciber is promising continuity and while analyst say this could be a disruption, the new incoming ceo has been gloom -- groomed for the role. he is more than fully capable. the stock reacting. revenue doubling in the last few legere tookjohn over in 2012. expected to come in at $47 billion next year. some negative news, but analyst mostly digesting the news and looking for the continuity in leadership for this campaign. i want to take a look at chart at my terminal. stockhe start -- with the we know another big catalyst for sprint and t-mobile will be the potential merger of sprint by t-mobile. even though they have gotten some recommendations from both doj, t-mobilee stock has done much better than sprint when it comes to the potential merger. guy: in terms of that potential merger, regulatory approval coming through, but are there still problems that need to be overcome? taylor: i think this is a big uphill battle. the reason why r.b.i. analysts are saying is the companies will remai

even if wework would want john leger, would john leger really want to go there when he is working onmonth merger between t-mobile and sprint? ellen: that merger may be the key as to why he is considered for this job. reading the tea leaves a little, but he has strong ties to softbank as the current wework executive chairman. we know softbank is the controlling holder of wework. they may be looking to people that i have strong connections with to figure out who could be a ceo for wework going forward which is undoubtedly going to be a very challenging job that anyone who takes on will feel a lot of pressure to turn this company around and set a new chapter for a company that has been through absolutely the ringer the last few months. haidi: there has been a bad blood between these two gentlemen. 2016.ring on twitter in marcello actually called him a con artist on twitter. how do we expect he will fit in at wework? ellen: that is a big question for a lot of people. they're looking at the past history between these two ceos who have sparred very publicly about telecom issues. maybe they

john legere will be leaving as ceo april 30, 2020.., mike sievert, will be joining as ceo. to question is what happens john legere. where does he go? there were rumors about him going to we work. he has denied that sense. the stock down almost 2% premarket. interview exclusive with jeremy corbyn, leader of the u.k. labour party. bloomberg users can check out the charts throughout the show on the terminal. browse the features. check it out. ♪ alix: u.k. elections are less than a month away. boris johnson and jeremy corbyn both addressed country's biggest business lobby group at its annual conference. anna edwards spoke corbyn after his address. need to integrate bus and rail services. we need to empower services, bus services. they will have the power to do that. locals will be encouraged to take over bus services question mark mr. corbyn: there will be no discrimination against them doing it. -- thelly, i want objective is to make sure we have effective bus service across the country. london has a very good bus service, mainly because

david, i want to ask you, did john legere learn from you that he's going to be replaced?u know, i was looking back, i think i did it on the 19th of -- i think four months ago. oh, look, somebody tweeted it, thank you, brandon and you turned to me and said, what but now it is official john legere does the -- the company announced this morning his last day will be april 30th, the ceo. he will be -- he will be succeeded by mike sievert, the company's current president. not a surprise for many, of course here's what legere had to say in terms of, well, even more importantly what it means for and where things stand in terms of the long process of trying to get that acquisition of sprint over the finish line >> i feel quite good that we have the basis for settling this deal and i feel equally as good, if not better, on our ability to win this case in a trial so we're certainly a very good spot >> interesting that he raised the possibility of settling this deal again, remember, less than a month from now, the state ag in opposition to the merger of sprint and t-mobile will go to

noncore assets among other things looking for a new ceo after adam neumann's exit on that list, john legereon that list. information reporting today that softbank, masa son is expected to come here to talk about layoffs. there could be as many as thousands of layoff for wework employees and talking about the company's financials and the plan going forward >> thank you very much so softbank went all in with its rescue-package is there anything to say our next guest doesn't the think so here to explain is eric gordon, professor the university of michigan school of business. nice to see you again, sir great to have you with us. you know, people can go in and save turn around companies that have good business models but your u is that this one doesn't and basically can't be saved >> yeah. you know, if you own wework, if they delivered wework to your office in a box and you opened the box, what do you see inside? you see over $30 billion in obligations, lease obligations hanging over your head what are the asset the assets are these leases. they are actually obligations. you know the premise we

setting off this firestorm. >>> could adam neumann's empty c-suite chair at wework soon be filled by john legere reports churning and the potential impact on not only t-mobile and sprint, but whether legere holds the key to helping the

that is of course the reality today as john legere, the ceo of t-mobile said no, i'm not going to switchmpany. charlie will break more news on that and so much more. always a great time, 3:00 p.m. eastern. we'll see you then. charles: it certainly is. liz, thank you very much. folks be sure you tune in to the "claman countdown," at top of the hour. cbd dealt a big hit by former fda head scott gottlieb, that the improvements may never be substaniated. do the claims hold any weight against the popular medical alternative? i want to ask former nba player, owner of the viola brands, al harrington. to a degree gottlieb has the point this being the wild, wild west, maybe there should be some regulation. >> i definitely agree with him from that perspective. we definitely need regulations right now we could start a cbd company in our kitchen, distribute it it through ups mail service right now. until we get that, there are some companies selling products that don't have any cbd in it. or products have thc in it over the .3 threshold which is also a danger to a lot of athletes, especially comes d

. >>> wework is reportedly in talks with t-mobile o john legere about leading that troubled office sharing sttup. according to the reports ledger is among the candidates being considero. so far final decision has been made. ledger has ties to work's newly appointed chairman, the rmer sprintceo who helped drive the recently approved merger with ledger's t-mobile. it closed dn 1.5%n today's trade. >>> a former fda commissioner is calling for all of juul's vaping products to be removed from the market. scott gottleib cited two studies on teen use and says it is clear juul cannot keep their products out of the hands of kids. president trump said he plans to meet with the vaping industry, but as meg tirrell reports, th c situation isomplicated. >> reporter: two months to the day after the trump administration said it planned to ban all flavors of er ecigarettes ohan tobacco, no guidance has arrived. but the president in a tweet id today he'll meet with the vapingry indust medical professionals and state representatives to come up with a, quote, accept ablg solution to the vaping and ecigarette

it feels shortsighted to me. >> it's -- number one, i would not be john legere, i would be legere he singer has great tunes, doesn't he? >> yeah. >> all right >> john legend >> legend. not legere different guillen materially the great space race morgan brennan is going to join us with the story of out of this world investments. hey, morgan. >> reporter: hey, joe. well, this one is for you because i am betting that you remember the apollo program. it was engines like the ones behind me that saturn 5 that launched american astronauts to the moon this is one of the reasons that huntsville is known as rocket city, but there is more to the area than just space and we have e earyomg aerinupft thbrk. ng. the problem is corporations and the people who run and own them have purchased our democracy. here's the difference between me and the other candidates. i don't think we can fix our democracy from the inside. i don't believe washington politicians and big corporations will let that happen. the only way we can make change happen is from the outside. for me, this comes down to whether you tru

because there have been rumors circulating about a new ceo, john legere, who we have learned today wille stepping down from t-mobile in 2020. his name in the mix. why this shakeup? ellen: they have these two co-ceos who stepped in after adam neumann left. even though the company said they were not initially going to start another surge, it seems like softbank and/or maybe the company as well are starting to ask around and see if there is someone to take over. i think they recognize it will be important for someone to step in with a lot of confidence, ability to set a new course for leadership. it has been so shaky internally since then. they had marcello step in as executive chairman. but notably not in a ceo role. i think the expectation would be that he would work alongside whoever ends up becoming ceo. i am sure this is a search that weighs heavily on the minds of the board, executive trying to find the right person who can lead them out of this tumultuous period. taylor: boosting employee morale can be so key to that strategy. thank you, bloomberg technology's ellen huet. when alpha

. >>> coming up when we return, john legere isn't considering the wework ceo job but who is?d to break, let's get a check on the markets green arrows across the board, dow 57 points, s&p 500 opening 5 points higher. 2 1/2 hours before the markets open squawk returns in a moment when it comes to your customers' expectations, there's one thing you can be sure of. they're changing by the nanosecond. that's why cognizant created a unique engineering approach to design and build new digital products. learn how cognizant softvision designs experiences and engineers outcomes. ♪ cool. ♪ i spent two years alone and homeless. cool. announcer: as america's veterans face challenges, dav is there. man #1: my victory was finding the support to get back on my feet. announcer: dav helps veterans of every generation get the benefits they've earned. man #2: i'm a veteran. when i got out, i felt like nowhere was safe. announcer: so veterans can reach victories great and small. man #2: my victory was finding the help i needed. announcer: support more victories for veterans. go to dav.org >>> sti

kailey: john legere. details on that, plus a

it was billed as sort of a marketing announcement that john legere was going to put out.he edges about the merger. then he took questions, and i give him credit for that. he's being transparent. and he confirmed two stories that are, i think, pretty big for the stock if you're in the shares, and these are two stories that he confirmed that fox business hassed reported early in the week. the first one is he did confirm there could be a possible renegotiation on the price of the deal. the deal's a $26 billion deal, it's a stock deal, you get a certain amount of t-mobile shares if you own -- ashley: x number of sprint -- >> yeah, and vice versa. apparently, sprint -- not apparently, but sprint is worth less than when the deal was announced. ashley: aha. >> there's a cost to merger, particularly on litigation. there's also, financially the company hasn't done as well. he did confirm, quote-unquote confirm by saying it's a possibility -- ashley: cheaper price. >> that they could get a cheaper price. this thing not totally negotiated through yet, and that might happen. now, he

. >> he looks like john legere's younger brother.the hair. >> there are clearly people inside softbank that would like to reduce this golden parachute. remember, the golden parachute, just so you know, is not quite just handing him money. he gets to sell into a tender offer. we understand that tender offer is going to happen imminently. here's what we know. there is not going to be any change to the current agreement as of now. that neumann has not agreed to that, softbank knows that they have a signed, sealed and delivered agreement. it wols be veuld also be hard t separate him out from the bigger tender which allows some of the employees to own stock, allows investors to own stock, to participate and get some of their money back out of this thing. so he's probably going to be okay with this. i mean, i don't know if it will add up to $1.7 billion. there's a lot of talk that he has to pay some of it back, like a chunk of it has to go back because he has loans outstanding to softbank, so some of that's going to go back and pull off th

wework looking for a new ceo and they are considering the t-mobile ceo, john legere.gerking's faux meat has landed in europe. it will start serving it in more than 2500 outlets across the region. it is one of the biggest product launches in burger king history. that is your bloomberg business flash. nejra: thank you so much. boston fedthe u.s., president eric rosengren says he doesn't believe in using negative interest rates in a recession and would not choose to use them in another recession. we will be watching out for other fed speakers later this week including jerome powell. janet is still with us. is the fed on pause? the effect ofght three rate cuts look like? janet: ultimately, they have already delivered three rate cuts this year. the impact, for low interest rates, it should stimulate investment being held back by china trade tensions. removed to a certain extent, course households as well. what we observe in the data is recovery in the housing data generally, and of course housing in the u.s., some of the more positive data coming out in the region. we do t

. >>> elsewhere, the "wall street journal" that wework are looking at john legere company. looking for a place for adam. he had a botched ipo attempt and it didn't help at all that the japanese softbank took a majority stake in wework and severed all relations with adam newman. he's set to make a huge windfall if it does take place last year. wework has an estimated valuation of $18 billion, t-mobile much bigger, $70 billion. >> talk to us about google secretly collecting people's healthcare records. what more do you know on this? >> surprising story this one being reported by the "wall street journal." according to the reports, google started this secret initiative called project nightingale with a healthcare called the ascension. and it includes about 2,600 doctors, offices, facilities and hospitals as well. the data collected includes lab results, doctor diagnosis, hospital records, patient names and dates of birth. a lot of personal information is being shared. companies have said that the initiatives is compliant with federal healthcare laws. >> great seeing you. >>> t

what we understand is that john legere and the people running t-mobile and the combined company righthich has the fcc approval, has doj approval but does face this existential threat from state ags in federal court, they are discussing a way to go to the state ags, the two lead state ag plaintiffs, go to them and say let's do a deal and from what we understand, it will be days before the 9th. i think the 9th falls on a monday. look for that weekend, the weekend of the 7th, 8th, look for that weekend to be a lot of lawyers sending around memos to each other. that's what i hear, there's a good chance they are going to reach out for a possible settlement. now, we -- kristina: what about the possible settlement? what do you think could be in there for new york given they are dropping out like flies? colorado last month, nevada, texas? >> remember, somewhere, but the bulk are not. 12 are and you know, what's 12 minus 50? i don't know. 51, when you consider district of columbia. a majority haven't. i think, they are very committed -- listen, this is a big political story. every liberal -- e

in that as well >> steve: really >> jimmy: yeah some business news t-mobile announced that ceo john legere stepping down after his contract expires in april good lord, even the ceo of t-mobile can't get out of his contract early it's unbelievable. [ laughter ] and finally, i saw that ford just unveiled its first ever electric mustang it runs so quiet, you can actually hear the guy driving it whisper, "i have a small penis. [ laughter ] we have a great show give it up for the roots, everybody. [ cheers and applause ♪ ♪ [ cheers and applause >> jimmy: we have a fun show tonight, everybody seth meyers is here. >> steve: come on! [ cheers and applause >> jimmy: that's my pal, seth meyers. cobie smulders is here as well [ cheers and applause and we've got great music from tones and i. >> steve: oh [ cheers and applause >> jimmy: do you know how big this song this song is gigantic. quest, do you follow tones and i? >> questlove: i follow tones and i. >> jimmy: she's making her u.s. tv debut. the song has over 500 million global streams >> steve: wow. >> jimmy: topped the charts in 16 countries n

wework is said to be in talks with t-mobile's john legere as new ceo. plus, hidden likes.kes to cut down on social media pressure. my interview with the head of instagram coming up. and, all

aree reported earlier, they continuing a search for a new ceo including names such as john leger fromthing they are going to be looking to for in the next three months. nextoking to fill in the three months. to execute a turnaround in which the company goes from burning went $.2 billion in quarter to becoming profitable, which is what they said is the new goal work.ew northstar for we harder tois getting believe in tencent's come back. worse than their most pat summitt -- their most pessimistic forecast. what is the bottom line in these results? out, they wereed bad. 13% down is bad for the company. one of the analysts called it dismal. this reflects the difficulties of being in the content business in china. adsent sell its media dropped 28%. they also have this category they call other gains, which is typically the profits they take from startups the invest in. periodbeen a difficult for the company. they long contended with alibaba as the most valuable company in china. it has fallen behind alibaba. one of the bite -- one of the bright spots is the smartphone adaption of their game

. >> leave something nice for john legere to take over.r what color the t-shirts will be. the third story is door dash which raised money and you had an article talking about all these v.c. fundraising more money, too. i don't know it totally feels like we popped that? >> i think you're right. e wework versus doordash shows the money is not leashing v.c. and there's big money in doordash and softbank and sequoia and code 2, for example in this and there was a report that door dash was seeking a $400 million credit line in addition to the funding from jp morgan to prepare for an i.p.o. so whether door dash i.p.o.'s will be interesting in this market. alix: i wonder if you're more selective because you had an article in the journal that talked about how venture capital funds are drying up and you see e.b. startups changing the game there. maybe it just depends on where you're at. julian: totally depends. in this case people love to eat and have their food brought to their doorstep. that's a business model that hopefully, and we've seen it be

isething i was sitting about john leger global crossing. led them through some tough times. that can be kind of comparable to this experience. he does have a very curious personality. alix: channeling adam neumann. sonali: and many times, he's been called a cost cutter, a penny pincher. somebody to clamp down on some of these issues that wework is having, people are reacting pretty well for him to be the next person, not to mention he also has a strong relationship with masayoshi son. alix: because softbank has a stake in sprint. he could leave a lot of money on the table. sonali: he does have this big golden parachute, more than $50 million. alix: he gets paid by the sprint-t-mobile merger first. sonali: right. when the deal was first announced, he was supposed to stay on board. it does seem like the two teams are creating a secession plan that is graceful. alix: somewhat in the softbank landscape. second-story.he basically, a wall street unicorn. what is this, worth $25 billion? sonali: people are taking big stakes in private equity firms

. ♪ neil: the "wall street journal" is reporting that wework is in talks to hire t-mobile's ceo john legerery closely, among others, and joins us at the new york stock exchange. jackie: take a look at shares of t-mobile. they are not faring well today on this report that potentially the company could lose its ceo. so wework's parent, we know, has been searching for a new ceo after it ousted adam neumann, after that botched attempt for an ipo. the question is would t-mobile's ceo do it. he is poised to see a nice payday if t-mobile gets that approval to take over sprint next year. it's not exactly clear. but it's definitely something to watch, like mr. neumann, mr. legere is known to be unconventional as an executive, more of a disruptor. so something to watch there. i do want to draw your attention to shares of boeing, however. they are significantly higher today. and having an impact on the dow in terms of its reversal. this is after the company said the 737 max jet is going to be back in the air in january. now remember, when it reported its earnings, it said that it was expecting to have

t-mobile ceo john legere is ready to step down as ceo next year.d forth there we hope to give you more info what are the possibilities for him, the possibilities for the company down the road. meanwhile 28-year-old bernie sanders supporter managed to successfully trick joe biden's campaign. wouldn't you know charlie gasparino who loves stories like this has more. >> because it says something about the biden campaign. we had don peoples on here couple weeks ago, it is completely disarray. he wants to get in touch with people. people won't call him back. he wants to give money. this open as window to the biden campaign. over the weekend i got an email from a source. look where joe biden is having a sponsored debate party. the campaign is sponsoring a debate party in south florida where this guy lives. it is at jeffrey epstein's residence, 385 elbrio way. if you live down there you know where jeffrey epstein lives. so many talk about that residence, the infamous place where he allegedly molested young girls. neil: he is dead now. >> he is dead now. ne

the softbank people, trusted, loved by them, who's all dressed up and ready to go pretty soon is john legere yes, you heard it here first i think there are some rumors out there that are starting to spread that he's the perfect guy for the job. >> and sources telling cnbc's david faber wework is conducting a search and legere is among a number of candidates to hire as ceo. might have to drop the pink if that turns out to be -- >> the only thing i would ask about that is how his pay package can compare. market is about 7 or 8 -- assuming we take wework's to be about $7 billion, is about 8 to 9 times bigger for t-mobile. so whatever stock options he gets, incentives, it's going to have to feel big for a struggling company that is just five various companies and -- >> great point >> perhaps controversy when that comes out, but maybe he'll do it for cheap. we don't know. we'll see. certainly a much smaller company today. maybe he can get the growth prospects back on track. >>> stock picking may be back in favor as investors look for opportunities. but millennials could be throwing a wrench into

well, wilf, t-mobile shares now back in the green after dropping this morning on news that ceo john legere the end of april and will be replaced by president and ceo, mike seifert. this comes as t-mobile battles to close its $26 million merger with sprint, which is expected to be completed next year. legere denied reports that he was having discussions to replace weworks adam newman. he says this transition has been under development for a long time in a tweet he sent today. guys, back over to you >> julia, thank you. on top of that, we had peter adderton, the founder of boost mobile come on "squawk alley" and make a pitch, make a bid for the divestitures of boost that are supposed to go to disturb right now. it just seems like in general, when state regulators still looking at this merger, this is not a done deal. and there's a lot that could happen between here and next year >> it's true, although whether it happens or not, i think the companies and the industry going to a different phase, it's not the pure marketing driven story. it's obviously a lot of integration and getting over lega

run a troubled company like wework, there's a lot of overhang of one and half billion to bring in john legererk traps the market and the unicorns in the health pay. it is almost 9:30 a.m. eastern time and we are opening the market right now. a minus game that was predicted from the dow, that's what we have. we are a bigger, more than most of the stocks have open, a lot of green up there in the dow in the first couple of seconds is up 18 points. move on to disney, they have now launched a disney+. it is often running but a day when the stock is up to 138. look at apple, executive shakeup at apple tv plus, that is their streaming service, the stock is down a tiny fraction. allie bubba, record $38 billion worth of sales in 24 hours, that was single day the stock is at 186, down a tiny fraction. microsoft in record territory moving up again this morning, not much, not on my terms. it is up 5 cents. we will take it. 146 on microsoft. they are all together now. dr, the present speaks to the economic club and two and half hours time, he moves the market if he says anything on china trade. >> either