neuman, perhaps you want full control. >> is there a company without neuman, you listen to neuman, he's a visionary he's got -- he wants a trillion dollars -- wants to live forever. spent more than ted williams the guy is just really personable, you like to say, yeah, wow. without him, it is, like, you know, not as good as cbre. it is simon properties without steady, you know, anchor tenants. neuman is not just charismatic, he's a -- i saw him with david blaine in the same room. two magicians. >> well, listen to walter isaacson this morning on "squawk" argues you need a visionary, like you needed a jobs and it is not -- you can bring in a ceo, a operate, you need someone -- >> when i first heard as well about the possibility of softbank turning against mr. w neuman, the thought was they would bring in a strong figure above. >> who tony west? he's a lawyer for -- tony west >> moving to try to oust mr. neuman as we move on here, this is a dynamic situation and perhaps within the next 45 minutes we'll have more for you. >> serious >> it is possible. >> 45 minutes. i'm going to be gone can

adam neuman. we have more on the founder's risk factor both in we and across tech.>> it's hard to imagine apple without jobs and amazon without bezos. they hinge on their high-profile founders you have right now in the spotlight adam neuman and wework softbank and masason are pushing him out. now, shareholders, theymay not like adam's reported drug use and erratic behavior but with founder risk, of course, comes founder reward, and the question they face is there a company, and is there a wework or tech we rork he built it and raised billions. earlier he told me his relationship with masa son was beautiful and it took 20 minutes for masa son to make a gut decision to invest they invested $10 million. now even half that number is looking difficult to attain and neuman looking more like a risk. guys >> diedre, we tend on wall street to measure the ipo as this point of sort of defining success, but not so out in silicon valley, right? adam neuman, even though he's based in new york, he's raised a ton of money, taken out a ton of money. in a way, he's already succeeded,

before it went -- before he became almost like neuman from seinfeld, when i met neuman, they were just-- so terrific. and the valuation was so low and i wanted to get an office to be able to have an office, have a place to camp out. >> listen, the bulls will say to you, at some point, corporations are going to treat their facilities where they have their workers like they do the cloud it is going to be a subscription service. i have -- my cloud providers, i also have the wee company which takes care of all of my needs from my employees. i don't have to worry about it, don't have to buy the space, build the space, figure out, optimize, they do all of that. that's the bullish case. >> all the wes within a mile of here are filled. >> safe to say you're not a fan of the ft's reporting today that says softbank is urging them to shelf the ipo. >> you know, those two things could still be the -- true they could be urging them, but the we company is not interested in shelving the ipo. >> it is interesting that -- >> 100%. 100%. >> this tape is -- if you have anything that is high multiple, cro

what is the risk that you remove neuman and the vision goes with it? >> that is probably the biggest risk. there needed to be some change, but the best idea -- is a material risk. focus onlyst, i always the balance sheet. a private investor, a venture capitalist, it is absolutely critical. heftyad the responsibility, that would be my number one concern. taylor: you and i have talked a few times about the income statement. >> the disclosure really did not .rovide the economics this,were to contrast just beautiful numbers. they made it really clear for investors. at a transition, quickly back, if you were to take this public, i would think that would want to bring one of the most brilliant users with you. has an impact on two-year staffing is. if this were just an operating story, it might be easier to get rid of a visionary founder. tot we do not know, back your question is how much money it really takes from here forward. it looked like it would be worth another nine or $10 million. i think that was our biggest issue. taylor: what is the single most im

. >>> wework board wants adam k w neuman to step down. news comes as the start-up delayed its wall street debut last week. >>> no maid, no valet, no nanny, even. >> a group of british acrist c.a. aristocrats took the highest grossing opening for the universal owns. the domestic box office is down from last year. warner brothers "joker" could break records in two weeks. >> that looks creepy. >>> many fans were meh of the final season, but "game of thrones" was tops at the emmys. "flea bag" upset "veep." >> and beat best comedy actress honors. and billy porter would be the first openly gay black man for "pose." there was no host, but thomas tried to have a good time felicity huffman's visit. >> the producers are asking me to give a shoutout to any of our privacy lead actress positions. keep your chin up. >> huffman reports to prison next month, in connection with the college admissions scandal. >>> for our national viewers, thanks for joining us. for the rest of the u.s., "early start" begins right now. >>> u.n. assembly kicks off with iran

did you see on the 5 this morning, courtney reagan did a segment about neuman >> the ft has this piece webcast yesterday he admitted he needed to learn some lessons about running public companies that his personality played a role in this ipo delay. >> he mentioned the word humble. >> people hope he feels that way, it would help. >> you don't think he has remorse? >> i haven't spoken to mr. neuman i look forward to talking to him at some point, privately, publicly, or both. >> he's funny, you know. >> he's a very charismatic man >> totally. >> you don't found and create a company like that without having a lot of talent. >> i find him spell binding. >> a lot of people frustrated with him, i can tell you, inside and outside, some frustration in terms of his unwillingness to listen absent by saying he's been humbled, maybe he listens more those who perhaps can impart some valuable advice and they're able to get this thing going next time. we'll see. i don't know they're going to be able to. i don't -- >> i know, but -- >> very difficult. we'll see what the numbers look like. >> tim cook

an i am pedment not only delaying ipo reports regarding neuman with he can centric erratic behavior be ringing the opening bell at big board we look for that. >> u.s. energy giant host of "varney & company" substitute substitute to weigh in thankfully on the heels of that attack on saudi oil fields last week it wasn't as big a deal because of that very fact. >> precisely if that attack happened five years ago would have knocked down maybe half saudi arabia oil production i guarantee price of gasoline today would be five dollars a gallon or a whole lot more instead 2.66 a gallon nationwide average, that is because, america -- american from being a rz a-- frackers ab to make up the supply a huge win for america big win for the president insistence upon energy independence and the dominance allows to us act at will overseas rather than responding to attacks on oil supply one more point i think we should make, watch out, warren and sanders want to ban fracking do they really want to ban fracking see gas go up 5, 6, 7 dollars a gallon or more? because that is what would happen just sayin

neuman that doesn't appear to be the case i understand that softbank was willing to come in with a billionollar private parallel private placement that they were going to go in for, at the ipo price, whatever that would have been, and then they would have had had their warrants, remember the warrants they received when they did that deal earlier this year, that valued this company at 47 billion, they got warrants, those would have been repriced masa would have gotten something for playing here even so, even at2 billion, apparently they were unable to at least find a deep enough market at a price they were willing to sell at so they're going to wait the question becomes, is waiting really going to help is 30 days enough for them to get their act together for perhaps mr. neumann to listen to the advice that was given, they're going to report a quarter or update the s1 filing with new numbers from the third quarter, from what i hear. those numbers are expected to be quite strong, perhaps able to get a narrative around that and the growth in the business, jim, but it has been one -- just a ser

street journal" today that they are going to appoint a lead independent director by year-end, and ceo neumanversial provision that allows his wife to choose successor were he to die crazy stuff making all those changes they have a really -- the valuation on that company, smile orthodontists complaining about methodology stock down 28% on that first trading day the worst performance ever for a billion dollar company recovering this morning up 3.5%, losing 28% on first day. >> and amazon, is going to allow anybody to provide answers for alexa get this, they are getting beaten by google's assistant in annual 800 question quiz. and so the answer to that question for amazon is to allow just abody to upon up answers they are going to vet them using algorithms and human editors but you don't know what you are going to get from alexa if you ask her a simple question, could come from anybody at all back to you. maria: thanks so much, gerri willis, retail sales for august due out in about 6 minutes time expectations here consumers doing well the estimates call for real sales up 2/0 avenue% for august

. >> i agreement if there is some sense getting rid of adam neuman would boost the numbers. it is hard to look at real time events i truly think wework will be seen at the peek there is a lot more skepticism in these companies >> their view is is, we are going to take adam out bring an outside experienced operator in. go find a third party new money with the reputation for our plan buys us an additional 12 months for the new company. we are going to do the main business maybe that's not a $20 billion business but maybe it is a $10 billion business >> it may work no one is suggestings it zero. they've gone from a zero just suggesting there is a real issue here in my opinion, it doesn't get rid of the underlying problem. the model. it might buy you time. it might be a good strategic decision but i'm highly skeptical it will restore some of the value lost? >> the other piece is whether you think this is the bell tolling on this vintage. >> once you get that high on the alphabet, series g, the chance of making money is slim. >> fall being from grace how would you guess from that