this coupled with wework's banks worrying about going -- joining me to discuss in new york, kevin mcneilctor of technology where it was downgraded to a b. if me the biggest reason for the downgrade. kevin: essentially since we rated them in april of 2018, the company raised subsequent capital and then pursued a more aggressive strategy. it basically increased its cost structure quite substantially. it increased its headcount by over 12,000 people. it is investing at of growth. we now see the point at which the company will become profitable has now pushed out several years from where we thought it would be. taylor: going forward, what would be a further catalyst for another downgrade or your biggest downside risk? kevin: it is too early to tell at this point. when we made the rating change in august, it was predicated on the company going forward with its capital raising plan. with the capital raising plan, it does plan to grow quite aggressively. financingent that its plan changes and its investment plan is changing accordingly, then we will look to potentially reevaluate the rating at

kevin mcneil.is supposed to appear a little later, i believe. >> let's get to a business fl h flash. right person. the let's get you up with the head lanes. one has taken a new shot at the it must address what it calls destructive strategy. he wrote it is too early to etermine if the chairman is making the right changes. e said the bank is far from competitive. games they will have a sports event. serve as a nt could road map for inclusion. has generated billions without having to treat employees. of those independent contractors would be reclassified it make technical for minimum wage and worker's compensation. lower house will take it up. hey are expected to above the rate the maker of it hopes to $1.5 billion to make largest this year. i.p.o.l be watching these as that are expected to come. meanwhile, the california uber sification of employees that is going to be uge because there are so many companies hinged on this business model and it is not impacthat it is going to uber or they are going t