also ahead, if you thought there was outrage over adam neumann's -- speaking of founders who steppedside, $1.6 billion golden parachute, hang on it could be getting even bigger for the wework co-founder. another look at futures as we get ready. shortened trading session today. we end at 1:00 we may have higher open, a lot more "squawk on the street" straight ahead he's finally here! hey! how are you? i'm good. ♪ how are you? hello grandma! for every family going home for the holidays, there are countless people working to help them get there. thank you to everyone we rely on to get us home to the ones we love. ♪ ( ♪ ) sure, the content's easy. but then you have to connect, download, edit, reformat, output, save, send, upload... still uploading... and maybe eventually post. this isn't working. introducing samsung business video solutions. with the galaxy note10, you can shoot, edit and post thumb-stopping videos, all from one device. samsung business solutions. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new w

i don't think anybody liked neumann except for massey san, that neumann was revealed for what he is, not a dumb guy but cult leader pitching unicorn vision to investors that may or may not work out. it was right thing to have him leave wework to add some professionalism into the company. jackie: great to see you. happy new year to you both. ashley: great stuff. escalating tensions overseas. we'll get to that story. president trump pointing a finger at iran for the attack on the u.s. embassy in iraq. the president's threat to hold the country accountable. what the move could mean on the world stage. we'll have that next. jackie: plus a decade of destruction. retailers fighting to stay afloat as more consumer shop online. is this the end of a dying sector? we'll talk to a retail expert. ashley: ringing in the new year across the globe. countries celebrating the start of a brand new decade as big apple bids farewell to 2019. we'll take you live to all the action about 500 yards behind us to times square. ♪. most people think of verizon as a reliable phone company. but to businesses, we'

bankan: the jp diamond-led is known to be close to adam neumann. neumann is out now.lianbloomberg's tan, thank you. , founder andework former ceo adam neumann is looking to sell some new york residences. he is looking to sell two units that he combined into one. coming up, jedi mind tricks. prizedsays that a government contract that microsoft won is because jeff bezos is viewed as donald trump's enemy. blumer technology is streaming -- bloomberg technology is streaming live on twitter. this is bloomberg. ♪ taylor: apple is returning to the -- actually, i want to start with another company. lower,of data dog are provisions allowed it insiders and early investors to sell shares. the remaining locked up shares are eligible to be sold next march. apple is returning to the annual ces tech conference for the first time in decades, this time with consumer privacy on the agenda. the company director of privacy will take the stage with facebook and a commissioner from the fcc. they will discuss regulation, consumer demand, and how companies build privacy at scale. apple has no

. >> adam neumann is the co-founder and was the ceo for a long time. over to new york for college. after being in the is really and -- in the israeli navy started a baby clothes line with knee pads. >> his landlord were showing him a building in brooklyn where he came up the idea of sub dividing that space with his co-founder, a trained architect came up with a plan and they started a, and he called green desk which they sold, was was the first iteration of wework, which they started in 2010. ing was where it started. today there is a movement in changing the way people work. >> 2010 was a great time to g officeco-workin buildings, vacancies. the first building in grand street in downtown manhattan was where wework launched its first spot. from there it was boom. from 2010 to 2011, it doubled in size. and byness gew quickly 2015 the company quadrupled its valuation to $10 billion. paying memberships in 32 locations, renting desks for as little as $45 per month. 's the whole idea was let not just be a commercial office setting. community surrounded by a

. >> adam neumann is the co-founder and was the ceo for a long time.ew york for college after being in the israeli navy and started a baby clothing line with knee pads. >> his landlords were showing him a building in brooklyn where he came up the idea of sub -dividing that space with his co-founder, a trained architect, and they came up with a plan and they started a company called green desk, which they sold. it was the first iteration of wework, which they started in 2010. >> a new environment for the workspace. co-working was where it started. today there is a movement in changing the way people work. >> 2010 was a great time to start a co-working office with lots of empty office buildings and vacancies. we were a sensible solution for them. the first building on grand street in downtown manhattan was where wework launched its first spot. from there it was boom. from 2010 to 2011, it doubled in size. growth was exponential. >> business gew quickly and by 2015 the company quadrupled its valuation to $10 billion. 23,000 customers paying memberships in

looking at whether the apparel giant is doing >> adam neumann casting an actor for the next series. > check on the morning stories outside the world of business, phillip mena is in new york with the latest good morning >> good morning. police in new zealand say they are finalizing plans to return to white island despite the steadily increasing risk of a second eruption there. the plan is in the works to recover the bodies of the missing. the official death toll has climbed to eight after two more people who were hospitalized died two americans are among the dead >>> harvey weinstein has reached a tentative deal he was seen hobbling into court for his rile a report of $27 million settlement new outrage after a report that he would not have to pay the settlement himself and will not have to pay for the wrongdoing instead, the insurance for his companies will pay out he's pled not gimuilty of the charges. >>> in the mlb, every team in the league will expand the netting to protect people from foul balls between 2012 and 2019, more than 800 fans were injured by baseballs, so less opportuni

some people are also saying that adam neumann as former ceo and cofounder needs to be held responsible. taylor: all the updates on wework. thank you to bloomberg's ellen hewitt. still ahead, when biology meets technology. we talked to one of the scientists behind a breakthrough in contraception. it's the pill you only have to take once a month. this -- details next. this is bloomberg. ♪ taylor: an analyst said the company's unique business model dominate the be digital consignment space with a price target of $22 a share. gamestop shares plummeted wednesday after the retailer reported a third-quarter loss that was much larger than expected. most analysts were bearish on the results. multiple firms lowered price targets, seeing no end to the industrywide shift toward digital gaming. analyst at oppenheimer raised their price target to broadcom for $350 a share and maintain an outperform rating ahead of the quarterly performance rating on december 12. he sees positive upside to revenue following the november 11 close of the symantec acquisitions. those are look at your top tech calls. hav

then there was adam neumann with wework.didn't move forward with the ipo because his behavior made investors nervous. he was erratic. a change was needed to be made there and confidence we're not so sure is necessarily back. steve easterbrook of mcdonald's. let's move on to that one. he had a positive impact on the company and stock price. but a consensual relationship with a company employee violated company policy, yeah he had to go. this one i thought was interesting, juul labs, kevin burns. he resigned as president becamed e-cigarettes. burns was replaced by a executive rat altria group. that is interesting one. larry page from alphabet. sunday dare pichai replacing them. big tech will face some regulatory issues and challenges for sure. interesting to see if page is trying to distance himself from that. charles: looking at your list, two things. a lot of things are changing. more likely get fired for a consensual relationship than bad earnings. the golden parachutes for these folks. we're still learning about neumann's

coming up on the program, adam neumann's suite exit package could get even sweeter.from the company's ipo. and check out tv . you can watch us online, click on charts and graphics interact directly. if you miss anything, go ahead and click on it and re-watch. this is bloomberg. ♪ viviana: i'm viviana hurtado with your bloomberg business flash. the u.s. securities and exchange commission is prompted to put bmw under its microscope, months after the regular fines -- fines fiat chrysler $40 million over a simla problem. it also comes as the germany carmaker is in a race with daimler for the luxury auto market. bmw says it will cooperate with the investigation. -- the south african conglomerate wants to expand outside its home market. the deal will add more than 100,000 customers. phs is one of the largest bathroom floor cleaning companies in the u.k., spain, and ireland. the president of hong kong is hunting for home -- residents of hong kong are hunting for homes all over the world to escape the antigovernment protests. the demonstrations have crippled the city eco

liz: well, adam neumann may not be heading for the ipo market, but his story is heading to hollywood. saga of shared office space one-time darling wework and its founder now being made you knew this was coming, into a tv series. starring cousin greg from hbo's "succession." actor nicholas braun gets the lead role. adding to the wework saga today, charlie gasparino is hea sailinl for softbank's second vision fund. charlie? >> yeah. the sources were initially saying it was kind of a done deal, that the saudis were going to invest. remember, they were the biggest investor in the first vision fund. along with the abu dhabi private investment fund. i always threw up that name. the abu dhabi investment fund, $35 million, $50 million respectively. both funds are now balking at an investment. i'm not saying they won't do it but they are dragging their heels on this. they have not committed as of now to any. liz: why? >> the reason why is the man you said before, wework. we should point out softbank was essentially the patron for wework. ma son was one of the benefactors. they didn't like the

that was a company with adam neumann, this charismatic ceo, at the helm and founder, of course. know, you looked at this and said this is not worth $47 billion because that's what it was valued at. >> wework just had a bad business model and that's always been true. you can't remedy that by throwing in billions of dollars into the company. that always worried me about wework, how do you lease buildings out for 15 years and sublease them out for four weeks apiece and expect the business model to stay afloat during a recession. what really concerned me was the egos of adam neumann and son essentially driving this company off a cliff. liz: the $600 million spend on jet, the private jet, that kind of did it for me. for a company that's not even public and proven itself. >> you know what, these people must live in a bubble to not realize how bad it looks when you do stuff like that. liz: well, i would be remiss if i didn't ask you what you will turn your attention to after the aramco ipo. is there anything coming up in 2020? we know postmates is coming out possibly. casper mattresses

if you just look at the wework story itself, just a few months ago, adam neumann was marketing it as a grand tech play that would control the world. a few months later, we are talking about a real estate company that is hoping to work off their real estate arbitrage to make sure that there is a feasible business here. and that goes into the greater softbank deal, was it really smart to go into all of these startup investors, that you have to grow at all costs, forget about profitability? the conversation has shifted to figuring out whether profitability is what they need to focus on. lisa: thank you for coming on. coming up, this week's power player, bill brady, at the law firm paul hastings says the economy has a good tailwinds but there are still warning signs. >> leverage is high, the margin for error is low. so we really have winners and losers, in terms of which deals are succeeding and which aren't. ♪ ♪ lisa: i'm lisa abramowicz. this is bloomberg's "money undercover." now, time for "power play," a look at some of the most notable names in private markets. this week, we wanted

let's bring in our panel now in perth australia peter neumann professor of sustainability at curtin university in london martin will stir professor and chairman of observations science at king's college london and in loon sweden emmanuel rise to his an associate professor of disaster risk management at the university of copenhagen welcome to you all gentleman thank you for being on inside story professor newman in perth how closely can we link the fires in australia to climate change. i think it's no doubt that this is a catastrophic change not just a gradual thing that's happening and it's at the point where every scientist is all of your or meteorology orleans experts in the fire sciences the firefighters themselves assigned we've never seen anything like this this is beyond anything we ever have saying why is that though why do the fires in australia appear to be worse this year in particular. well there is a thing called the indian ocean dipole which is where the indian ocean changes in its energy patterns and it is all about how much energy is in the climate system which is increasing bec

planes are always flying there come along as a yesterday more than $400.00 rockets hit us at my own neumann our children couldn't sleep through the night they were crying every hour and now we are heading towards the i'm no. turkish president right you've time oda one is bracing for the exodus from it live turkey currently holds 3700000 syrian refugees he says they cannot support more well most of them on the couch and 6 more than 80000 of our brothers from ed live running from the bombs there have started migrating towards our borders if the violence towards the people of haiti that does not stop this number will increase even more turkey will not carry such a migrant burden on its own the negative impact of that pressure will be something that all european nations especially greece but also feel. syrian rebels in the russian backed syrian forces had agreed to a cease fire and august in the south of that is from the most we are putting up every effort with russia for the attacks to stop and we will continue to do so in fact we are sending a delegation to moscow on monday. until the bombard

. >> the 1.6 million sket package for adam neumann could get even sweeter.the deal revised the terms of a certain class of share that may be revised down the road president trump has tapped robert blare to lead the wireless efforts currently surfing as senior advisor to mick mulvaney and on expected to be called in the impeachment trial of president trump. >>> spirit has announced it will buy 100 airbus jets by 2027. a mix of the a 319, a 320 and a 321 planes picking up the european planes despite the trump administration imposing a tariff on them. >>> less than a day away from christmas now which means the shopping season is nearing its end. last weekend, super saturday shattered all sales records with more than the 34% haul joining me now which retailers are on your nice list this year? janet, are you there >> yes, hi >> let's talk about your nice list for christmas and figure out what is going on in terms of retailers and the ones you think will do the best this year going into 2020. >> we have the big five, walmart, target, amazon, costco and best buy i

at the end of the month, the ipo was delayed and adam neumann step down..5nk came in with billion dollar rescue plan for 80% of the company, and earlier this month, we work clinched $1.7 billion in funding led by goldman sachs. for more on its performance in 2019 and what lies ahead for we work in 2020, i spoke to read wallace and phil haas let. >> i think that there has been much expels about the situation. our perspective on it was fairly straightforward -- the lost profile of the company was so big, but investors needed to do work to find out how they would not be losing $2 billion a year basically. you're out year in, spent two dollars for every dollar of revenue it generated. our perspective is if the disclosure had been different, you had -- could have had a different response. then there were the unforced errors of the governance staff. nothing we have heard from our customers suggested that the core proposition of we work was objectionable. it was how the offering itself is handled. taylor: what is your take, fail? >> this is the straw to break the

. >> >> this is the tiny community neumann. this is in stanislaus county. the held a light cannulate candlelight vigil. the memorial commemorating his life and featured his family and coworkers. they released balloons at the end of the ceremony. his brother is still struggling to deal with his grief. >> is not easy. this is not easy. >> among the mourners he had a young child. i from amanda spending his first holiday season out of prison come in 30 years. he was a convicted of a murder 1986. hilda said he was innocent. our crime reporter henry lee, shows us how an appeals court overturned his conviction. but days before she turned 74, jack sagan watched out-of-state prison a free man after more than three decades behind bart. boris. you been convicted of killing paul in monterey county in 1886. the mother of two was found stabbed to death in her apartment. there were signs she had struggled her attacker. he had always said, he was and sent. in appeals court overturned his conviction. proof that he had nothing to do with it. i never had seen that woman in my

story,look at the wework a few weeks ago, adam neumann was marketing it as a grant tech play that wouldhe world. a few months later we are talking about a real estate company hoping to sell off their real estate arbitrage and making sure there is a feasible business. was it smart to go into all of startup investors, that you have to grow at all costs, forget about profitability? the conversation has shifted to figure and whether profitability is what they need to focus on. lisa: thank you for the time. brady at the law firm paul hastings says the economy has a good challenge but there are warning signs. >> leverage is high, the margin for error is low. so we have winners and losers in which deals are succeeding, and which are not. ♪ ♪ lisa: i'm lisa abramowicz. this is bloomberg "money undercover." of ther a look at some most notable names in private markets. we wanted to dig into the question of how to understand the rising level of debt trading. is this a leading indicator of a stressed economy or a sign of a healthy market where investors are using discretion? i sat down with bill br

professor david neumann is trying to adapt the old spacesuit to the conditions on the moon. because right now the current space suit is $140.00 for space station it was for shuttle so that's ok and weightlessness but when we get to the moon and mars we're in a gravity environment the moon only has about 17 percent of the earth's gravity allowing large leaps but these can backfire especially in heavy spacesuits. how do i make someone much more like an olympic athlete how do we perform and not use my waist my energy working against the suit but put all that energy into performing so you really have to think about a completely different design the only other way to keep someone alive and put pressure on them is to basically put it right on to the skin so that's called mechanical counterpressure. 'd 'd version of the suit is skin tight exerting pressure on the body and the right pressure within the body this means that human tissue is not stretched and blood doesn't clot it's made of 3 layers layer controls body temperature the middle layer provide stability and flexibility and

susan: adam neumann, founder and booted ceo, he got $1.6 billion in a lovely golden parachute, by thewhich is structured so that he can actually earn hundreds of millions of dollars in the future if those leases continue to i guess not lapse. to its knees, close to basically going under if they didn't raise any cash from softbank which was their largest investor. so the co-ceo, the one that jumped in after adam neumann was kicked out, will get $17 million if for some reason they are let go from those positions. so even with an ipo that didn't go through, a unicorn that basically collapsed the entire venture capital market, here's your reward. ashley: this is a big stock market gain inspired [ inaudible ] in the new year. if you haven't got a $17 million payout, you might want to check out this book. "napkin finance." joining us is the author, tina hay. welcome, by the way. you came all the way from l.a. to visit us. why is it called "napkin finance"? explain. >> so napkins or back of the napkin is actually a very well-known way of understanding and simplifying complex topics. so what

speaking of wework, founder and former ceo adam neumann is looking to sell some new york residences. looking to sell two units that he combined into one. he paid nearly 28 million dollars for those apartments. coming up, jedi mind tricks. amazon says that a prized government contract that microsoft won is because jeff bezos is viewed as donald trump's enemy. more on all of that next. "bloomberg technology" is streaming live on twitter. check us out @technology and follow our global news network at quick take on twitter. this is bloomberg. ♪ ♪ taylor: a special provision was investors tolowing sell shares. the remaining locked up shares are eligible to be sold next march. back to a story i was following apple is returning to the annual , ces tech conference for the first time in decades. this time with consumer privacy on the agenda. the company's director of privacy will take the stage with facebook and a commissioner from the ftc. they will discuss regulation, consumer demand, and how companies build privacy at scale. apple has not attended ces in an official capacity since 1992. am

jp morgan was the bank most closely aligned with adam neumann, wework's ceo and co-founder.n was very close and goldman is closer to softbank and has been involved in a bunch of their deals. two different credit facilities with softbank's vision fund. it is not surprising to see them now that softbank is on track to own about 8% of wework. shery: we are hearing that softbank vision fund has a nearly 50% stake in wag. how much pressure is this with wework putting other company and vision fund? gillian: it is all separate. the vision fund is made up of about 90 holdings. one of which is wag and another which is wework. both among the worst performers. perhaps that is why they are in the headlines. wag is a dog walking company, for those in asia not familiar with it. where people can book on an app for folks to walk their pets. the vision fund is selling it stake back to the company. gillian: senior reporter gillian tan, thank you for joining us. paul: softbank is part of our next guest's coverage. asymmetric in advisors senior market strategist who joins us from hong kong. i d

like we've seen record ceo departures this year, particularly in silicon valley with wework, adam neumannout, seems to be a long list of ceo transitions. reed hoffman talked about startups having to shift from being pirates to the navy. do you think we're seeing a fundamental shift in silicon valley now as boards and companies are pushing their leaders to transition to be grown ups faster and earlier >> that's depressing wework is in new york. but the answer is yes. look, every company goes through phases, same as public company investors, there are growth companies and there are value companies, and you have to go through this transition. i had lunch with dan benton, he walked me true transitions of public companies where apple is not a growth company any more, it is a value company, as is google, strangely enough the reality is it takes a different skill set to manage a company at a different phase somebody like travis is brilliant at taking an idea and getting people to buy into it, getting the capital for it, driving through every conceivable wall, ignoring every conceivable obstacle

randy neumann did the score? >> randy newmann, beuaituful score, yeah. >> jimmy: oh, my gosh.u were acting like him. >> you're exactly, like your mother everything you're complaining about her, you're doing. you're suffocating henry >> first of all, i love my mother she was a wonderful mother >> i'm just repeating what you told me. >> secondly, how dare you compare my mothering to my mother!? i may be, like my father, but i'm not like my mother >> you are and you're like my father! you're also, like my mother. you're all the bad things about all of these people! >> jimmy: woah [ applause ] noah baumbach, everybody "marriage story" is in theaters and streaming on netflix now we'll be back with a a performance from dua lipa. stick around [ cheers and applause ♪ i'm going to the ball. tonight is a magical night. anything is possible. i love it. kerrygold has a taste so rich it can take you to ireland's lush, green pastures. where grass-fed cows produce rich, creamy milk for a truly delicious taste. kerrygold. the taste that takes you there. [ dramatic music ]ing ] ahhhh! -ahhhh!

cardinal neumann of santa rosa. sales yan high of richmond and lincoln of san francisco. >>> and tonight the sharks try to snap a losing streak. taking on vancouver and the puck drops otto 7:00 p.m. tomorrow the warriors battle the kings in sacramento. last night golden state faced the jazz in utah. our sports director larry beil has the highlights this morning. >> good morning, everybody. after losing to the lowly knicks with a poor effort. the warriors cranked it up, had the jazz on the ropes in utah. how about the couple that came from hawaii to see steph and klay. you got to check the internets because both hurt. and they saw damion lee with 21 off the bench three there. donavan mitchell and the jazz saw the warriors up 3. attacking the rim. chriss. third quarter, more from chriss he is a former lottery pick with authority. earning more minutes. fast forward less than five miutes in the game. don value mitchell pull-up three. tide at 98. alec burke eight years process the jazz had 24. he throws it down. bog don

cardinal neumann of santa rosa. milpitas high school.a motorcycle to deliver toys in san mateo. leading pack of harleyys on the 30th annual toy run to the san mateo medical center. the golden gate chapter of the harley owner group seen here has donated more 20,000 toys to the children over the years. a quick check of the weather here. >>> scattered clouds. and you may have slept through some of the light rain. live doppler 7 and the cloud cover thinning out throughout the day. but another weak front on the way bringing right showers tonight. there it is. and that will bring us a 1 on the storm impact scale. here a look at emeryville. 53 in oakland. 48 in gilroy. looking at walnut creek. you can see the cloud cover with cool 42 in santa rosa. it is colder this morning. and we'll look for the cool afternoon highs today. details on that evening rain coming up. liz. >> thank you. >>> up next a big below for pg&e at the nds of the you work hard. you play hard. a drink with friends can turn into two. and a prescription can be stronger than you

i started out the year by sitting down with adam neumann and him telling me they were ready for an ipo at any time now we're at the end of this year that definition of what it takes to be ready for an ipo has drastically changed. you saw post-mate ready. they were going to go and now they decided to delay the plans. i spoke to the grab ceo and co-founder who want to be profitable before they go public you can't imagine one of the gig economy platforms saying they want to be profitable before they tap public markets but that's what you're hearing now really that drive to show profitability and perhaps not strict profitability, it's always ebitda, or ebit profitability, but that is one of the biggest differences i've seen throughout the years. >> sounds like you're saying the party is not necessarily over out here, it's just maybe the party is in a different place, the size of the party is a little different. >> i know. we always look for the headline as though silicon valley is a light switch on and off. think of it as a continuum the late stage market has corrected. there's no room for

dates back to the country's military dictatorship let's bring in our national america editor lucien neumann she is joining us live from the capital santiago and it sounds like there's been quite a lot of activity there lucy. yes there certainly has been there are hundreds of riot police on motorcycles. charging tear gas pellets lots and lots of water cannon behind me you can probably see some of that tear gas being spread and protests just keeping keep coming back and back that's rolling stones at the riot police they've been unable to reach the protesters that is the central plaza which has been. the main gathering point for the demonstrations which have now been going on for the last 2 months and today is the day that people are particularly angry as you say because the attempts to bring about the conditions for a new constitutional assembly to completely revamp the current constitution written under the pinochet dictatorship have not included for example parity and for women a quota for indigenous groups and for independent groups there was an agreement approved by the senate overnight a

department destined for crimes and i helped the enforcement evasion of sec is investigating item neumann because he's a billionaire, who received a 1.7 billion dollar payday to walk away from the smoking rubble of this company or, as he preferred to call, it not a company, a state of consciousness. he was able to extract that panel, because the corporate governance structure made him ten votes per share, the kind of super voting stock that enabled him to hold his company hostage until the other investors paid him just to go away and stop destroying its value. the sultan contract 485 medallion contract in case they need to subject our of tequila. a box is a lot of money for an executive, but certainly to stand up for someone -- for a company. leadership requires stamp captain accountability and that includes corporate ridership. that's what is absent in this case what i'm human and what workers in this company. the wall street biggest banks and reforms. a lot of us often among polls show younger americans have doubts about capitalism and open socialism. for good reason. given the brutalit

the relationship of adam neumann with everybody. sonali:sonali: and how they enabled him.ically. thank you very much. like stones strategy to get the staff ready for the firm's annual holiday party, meet mr. stone. he appears in a video shot in the style of the hit comedy "the office." he looks like blackstone president john gray, complete with gray skin. he played basketball, ran through the monday morning meeting, and reach some serious havoc. but the reveal that the man in the custom -- in the costume was none other than ceo and cofounder steve schwarzman himself. pretty active. they do that every year, but it is pretty fun to check it out. coming up, we look at the impact of usmca on the canadian dollar and mexican peso. if you are heading out, jumping into your car, tune into bloomberg radio on sirius xm channel 19 and only bloomberg -- channel 119 and on the bloomberg business app. this is bloomberg. ♪ alix: time now for our trader's take. joining me is vincent cignarella. you can listen to vincent on the bloomberg by typing in squa viviana: all the talking -- i

he says i believe in your fund that we believed in neumann, people will fire on all cylinders.way that they described his strategy, as just throwing money at things to scare off competitors. people have talked a lot about how -- sonali: no one wants to pick a fight with a crazy person. michelle: people have talked a lot about how vision fund might be responsible for inflated values in silicon valley, but i've never heard it described that way, as just throwing money so it scares everyone off. alix: a whole culture of weirdness. we all complain about bosses all we want, but a culture of weirdness? i don't think i've ever heard someone describe something in that particular way. sonali: every anecdote is worth reading. alix: let's get to wework. this is about goldman sachs following through with their financing for wework. is it enough? what is it? michelle: as you will probably remember, wework got rescue financing from softbank. this $1.7 billion line of credit is the first step in that, refinancing an old line of wework tot required pledge cash as collateral. it means they auto

ambassador ronald neumann is president of the academy of diplomacy and her three times as ambassador to algeria, bahrain and most recently to afghanistan from 2005 to 7 and served prior to that in baghdad for needing the legal aspects of the military intervention in iraq at the time. he was deputy assistant secretary in the bureau of near eastern affairs during the clinton administration and he's had other senior roles in the united arab emirates, yemen, iran and senegal. you get the idea, there's a tremendous amount of collective expertise on the middle east and adjoining areas here and last but not least, closest to me to moderate today's discussion is ambassador deborah mccarthy served as ambassador to lithuania during the. >> during the obama second term. he was also principal deputy assistant secretary of state for economic and business affairs and serve among many other important roles as deputy chief of mission in greece and nicaragua and as deputyassistant secretary or narcotics law enforcement . she is going to take for me in a moment and moderate conversation about 45 minut

if it sounds strange it reflects buildings and leases already in the pipeline when adam neumann withks ago including reducing cost and slower growth which you are likely to see over the next year or so. wework saying it signed on more than 280 new enterprise companies in the past 90 days. it doesn't name any however. >> deedra, bosa thank you. >>> a big day tomorrow, the opec mattheiu tomorrow. and aramco setting the final ipo price. tiffany results kate rogers standing by with that. but a big movement for biogen releasing key alzheimer drug data. >> biogen shocked investors and the research community at the end of the october when it said the thought to be failed alzheimer drug was not failed after. it they say it appeared to work to slow declines with alzheimer's. tomorrow is the first presentation of further analysis as a alzheimer's conference. they say the compelling presentation and confirmed plan to continue with approval. a mixed or information show could bring them down 10%. back to you. >> meg thanks for that. >> a preview now of tiffany kate rogers. >> investors have been

cash joining us is conductor's founder and ceo, with we should note was a college friend of adam neumann. >> thank you so much for including me. >> walk us through what happened in '18 what life has been like since then until today >> amazing story thanks for having us here. wework was one of our largest.com cust customers at conductor. we help find them around the world. any time anyone is looking for office space or real estate-related products they would find wework. our biggest customer and thought if they brought conductor in-house they could do a better job. we joined wework and had an amazing run. it's been pretty incredible 20 months and we're excited here today to talk about how we're taking the company out of wework. >> was the idea to buy back your owners there. >> we've -- we work collaboratively in the process and had this idea we've been talking about potentially taking the company out at some point and the -- and it was really collaborative. >> the fact you had this plan to take the company out at some point, there had been a lot of speculation when you join the wework tha

wework has to pay $70 million to replace the executives they gained the titles co-ceos after adam neumannn. they will receive $8.3 million each if they are fired or leave the company under certain circumstances. >>> netflix says, surprise, its own original shows were the most popular. new material says murder mystery topped the most popular with the third season of "stranger things" coming in second looking through the details of that, mike, it's if you viewed it for a moment it counts as opposed to if you watched the whole way through. some of those perhaps didn't catch people's attention as much as other older seasons. >> one of the advantages as we all know that netflix enjoys is they will put their originals in front of you constantly. >> absolutely. >> almost make it a default to at least try it for a while. >> i wonder whether when you hover over one of them, it's as if you expect a movie trailer to start, but it's the show, if that counts? >> yeah. i wonder how long you have to actually keep it active? >> i should find that. the number on the streaming thing is annoying how hard it

not we're looking at facebook and mark zuckerberg or of course looking at the problems with adam neumannis going off but to disappear for six months to leave both twitter and square as the ceo of two companies, we have boards that seem unable to direct genius founders and in this case until this past several months where musk seems to have cleaned up his act we had a fairly reckless person out of control that's the significance, tom, is how does a board kind of rein in these twitter tantrums. >> great to see you again. i had a question about that exact meltdown that elon had a year, year and a half ago. whole funding secured, 4/20. a board that was a bit lame quite frankly. has the company made improvements in its governance in the past year, year and a half from your perspective >> yeah. it seems that he was making mockery of the initial sec settlement which amazing, this was happening at the same time as that 4/20 stock dangling which seemed to not be based on any fact in terms of the private placement. as that melted down it was the same time that musk was coming out with these nonsen

finally from succession now to failure, a new series of wework, nicholas braun, he will play adam neumann a fun fact, cousin greg as we all know, if you've watched succession on hbo, it's a fabulous show, i'm sorry, the the kid is actually hot right now, hot property. maria: to do a series in wework, maybe it'll be interesting. >> the saucy content, not the story in and of itself, that's just an excuse to do something. maria: makes sense. dagen: i watched the irishmen 3 times, i will clearly watch anything, bring it. [laughter] maria: quick break and then a program ago letter, tune in at 7:30 a.m. with my exclusive interview with carter page, he's at the center of the fisa abuse scandal, he will break news about the timeline of the survey, he's coming up, do stay with us for that important interview, first sky high luxury, new company launches unique new menu meeting high nutrition demand of private jet setters, we have dishes onset and that's upcoming, back in a minute. to the outside world, you look good, but you don't feel good. with polycythemia vera, pv, symptoms can change so slowly

we will get his take on unicorns with out of control ceos like wework's adam neumann and uber's travisnd. we have the hottest housing market for 2020. where could they be, florida? no. california? no. it's not. it's all about idaho. we will tell you exactly where and i will bring you the second part of our interview with eric trump. he gives me a tour of the decked-out trump tower just in time for christmas. there i am on the golden escalator itself. the third hour of "varney & company" coming at you. ♪ nationwide helps you invest for your future, brad. so you can plan for retirement and save for college. oh, that explains this. the nationwide dome. state-of-the-art venue. 80-yard screen. fantasy sports lounge. climate controlled seats. sushi bar. club level pool. really? lastly... retractable roof. whoa. touchdown! peytonville just runnin' away with this one. go peytons. (pop) kind of lackluster. eh, still working out some kinks. who they playing? the brads. worst team in the league. of course. stuart: well, look at boeing's stock, now down 3%. that's a $10 haircut. $331 is boeing's p