emily: are you worried about a softbank that comes in with $100 billion?tt: softbank was a party of one a couple of years ago and now there are others playing in that space. we have sovereign wealth funds, private equity firms. the industry has to worry about is do something other than provide capital. capital is no longer a scarce resource. it is basically a commodity, so for venture to survive, it has to evolve and figure out what other than capital can offer. emily: so how does andreasen horowitz continued to differentiate itself, continue to be disruptors? scott: we have about 160 people today and about 100 work with our company's post-investment, everything from marketing to sales to business opportunities. look, then we have to think about across the lifecycle for companies. one of the funds we raised was a later stage funds that allows more emphasis as they go through later and larger advancing cycles. emily: you look across the pipeline in the early stage to the public market. we are in the middle of a lot of volatility, a trade war, a lot of tech

with a new $200 million investment led by tech venture firm softbank, the start-up aims to build itsusiness with midsized and large self-insured employers beyond silicon valley. >> establish new local, regional, and national network t rships, work with provider systems. >> reporter: and build out its technology infrastructure, which weaves together health benefits all on o platform, making it more efficient to navigate for employers and workers. >> providing our members with much more intelligent, ma ine-learning-powered navigation capabilities, understanding their health care needs often before even they need. at they >> reporter: early investor rshammed makzumi says, like employers, invesre looking for health technology firms that make benefits more cost-efficient. >> digital health has been the fastest growing subcategory in all oor venture the last seven years. you know, more money is flowing, capil inflows into private digital health companies in 2019 than in 2018, 2017, 2016 combined. >> reporter: arguably, one of the biggest investmn the last year has been amazon, berkshire ha

ever seen before because, again, the only winner out of this is softbank. >> in terms of the detailsround a potential divestiture, as part of the drkoj's stipulations, do we know what those details would look like? what they would include? >> we have been calling for an investor of boost, which we got, and have been calling for spectrum to set up this hot spot-like network that we think works out extremely well if you think about it, the doj is saying that we want an owner of boost who's a pro-consumer, who will focus on ensuring that prepaid is connected are we really saying the cable companies there best ones to do that really what experience do they have in pre-paid pre-paid is a very, very dynamic beast. you really need to understand that i just can't imagine for a second that the doj thinks that off-loading this business across to dish is going to protect prepaid and all the things that they need to do. and i think that that's one of the issues now, if i'm john legere over there at t-mobile, of course i want the capable companies as my competitor he's already clearly called out

as you see this competition from hedge funds and private equity firms, crowdfunding, softbank.see the traditional model being disrupted in the future? like can the way vc exists today exist in the future? scott: yeah, i think you are right. the first 35, 40 years, you are right. i think the big thing that happened over the last 10 years is we have had this introduction of seed firms, and it is hard to underestimate how much that change the competitive dynamic, because you now have a whole new set of investors coming into play before the traditional venture capital firms. this has forced traditional venture capital firms to figure out what other money can we provide? money is no longer scarce or a differentiator, so there has to be something else. emily: are you worried about a softbank that comes in with $100 million? scott: it is interesting. softbank was a party of one a couple of years ago, and now there are others playing in that space. we have got sovereign wealth funds, we have got private equity firms. the industry has to worry about is do something other than provide ca

softbank has waned 27% this year.. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. >> i'm jessica summers with the first word headlines. jerome powell is signifying lower rates, pledging to keep a close eye on the fallout of the trade war. his comments gave stoxx a boost. the fed is under pressure from the white house with president trump calling for lower borrowing costs. >> we are closely monitoring the implications of these developments. as always, we will act as appropriate with a strong labor >> >> and inflation objective. bank of america -- and inflation objective. >> things are generally solid, but loan

softbank is tapping a new person -- tapping someone to help with their new fund.bid for a $150 billion fund is not attracting much margin business. a more diverse investment and brought in this person to find more options. traders are betting the rba is set to end of two .5 year long pause on interest rates as australia's record-setting expansion street comes under threat. -- streak comes under threat. everyone was predicting two, the first tomorrow, so much uncertainty there will be two. >> there is two reasons. new zealand was suggested to cut once and be done but the rba doesn't find -- it goes once or twice generally. that being said, we have been on hold for 2.5 years and there is no record to go on, but the rba leave the game away in its forecast because it said the growth was good market pricing for rates. they said that clearly. you can't be predicting on rate cuts and not -- that made it clear. shery: we are also expecting house prices in australia to have softened in may. what is the outlook for the rba after tomorrow's meeting? michael: it is an interes

emily: are you worried about a softbank that comes in with $100 million?bank was a party years ago and now there are others playing in that space. what the industry has to worry about is do something other than provide capital. capital is no longer a scarce resource, so for venture to survive it has to evolve and figure out what other than capital can offer. emily: how does andreasen horowitz continue to be disruptors? scott: we have about 160 people today and about 100 work with our investments, everything from marketing to sales to business opportunities. we have to think about across the lifestyle -- lifecycle for companies so we need to have more emphasis as they go through later and larger advancing cycles. emily: you look across the pipeline in the early stage to the public market. a lot of volatility, trade war, a lot of tech companies going public. lyft, and investor in you have airbnb and slack coming. are you worried about your company's exiting now? scott: i think the market is healthy. some companies have not performed as well as we would like,

emily: are you worried about a softbank that comes in with $100 million?ftbank was a party of one a couple of years ago and now there are others playing in that space. we have sovereign wealth funds, private equity firms. the industry has to worry about is do something other than provide capital. capital is no longer a scarce resource. it is basically a commodity, so for venture to survive, it has to evolve and figure out what other than capital can offer. emily: so how does andreasen horowitz continued to differentiate itself, continue to be disruptors? scott: we have about 160 people today and about 100 work with our company's post-investment, everything from marketing to sales to business opportunities. look, then we have to think about across the lifecycle for companies. one of the funds we raised was a later stage funds that allows more emphasis as they go through later and larger advancing cycles. emily: you look across the pipeline in the early stage to the public market. we are in the middle of a lot of volatility, a trade war, a lot of tech compan

softbank that an indian ridehailing start up.be watching the reaction to the tanker attack in the gulf of oman. one of the ships was a japanese operator. while the earnings impact is likely to be limited, the incident may draw attention to geopolitical risks for methanol. shipping related companies may move today, including south korea's hyundai merchant marine. one of them received a distress call. paul: thanks. after-hoursbled in trading as they cut the full-year revenue forecast. reporter, ian king, has the details. what other reason to the cut? have beenis what many concerned about, what the huawei with theled effect of the trade war, would begin to hurt earnings. today, we got very strong evidence that it is more than just concern. it is absolutely happening already. $2 billion projected sales have gone away over the next six months for broadcom. they also supply components rapidly and samsung. tell us about the impact on the broader market. ian: the two are tied together. the thing they got asked was is huawei?t answer was

. >>> alphabet, softbank and a host of others are sought to be big winners in slack's big debut thisning josh lipman joins us from san francisco with more including some individual names. >> reporter: that's right. who is set to rake in the big bucks from slack's stock market debut. some of the winners are tech heavyweights in their own right. we have linkedin ceo, and co-founder dave moran. forbes says at $25,000 a check each could be sitting on shares now worth about $40 million. they invested in the earlier rounds close to a decade ago stripes, patrick and john carlson, they could see returns of more than 70 times their money or 1.8 million for each 25,000 they put to work. they join in slack's series c. then venture firms excel is the biggest investor in slack. $26, its shares are worth 3.1 billion. big shareholder in crowd stripe so that's two big venture outcomes for that firm and only about a week ek sell considered a top tier firm out here. they saw one of the greatest venture outcome of all time leading the series a in facebook and horowitz owns it we're used to seeing softb

origin theory the most one is on a woman so it's the romantic one the local man used to throw that softbank to find that. control life. and because he's going to marry some day within limits not not many people and that's where we are today so it's not all run by locals by 4 inches . the whole thing is a local affair even the cheeses provided by our family farm just down the road. going up the hill is tough enough and it seems even steeper from up here ridiculous lee steep dangerously steep i'm dreading the descent this is not a good year for this thing ever our fight will ever be able to come here again i noticed there are several different techniques used for getting down the spring says. the rose. tom blues and the ones i can relate to the temps. the soft landing to break your full being tackled by the local rugby team the injury rates his heart broken bones and concussions i'm not uncommon. could i still back out i seem to be in a race with the most motivated competitors they wouldn't be impressed they can't wait it's mostly locals competing along with a few brave tourists living the dr

david: let's go to softbank. they want to raise another $100 billion.d not have -- 100 million dollars. sarah: notably, the saudi arabia public investment fund gave $45 billion to the first fund. so raising $100 billion, $45 billion, that is a lot, it's about half. this time around, a lot of the big sovereign wealth funds that contribute to the first time are saying that it will be more difficult so it. back the question, what does softbank do? where do they go for the cash? if you will not get a large investment of $445 billion, you may have to go to many different places to get smaller investments. and it looks like people may not be willing to invest those large sums of money for another unicorn-type fund. this is the successor to that flag ship vision fund. alix: i want to blame oil, but i can't. it is stronger than where it was. [laughter] the other story is blackstone, making an almost $19 billion investment into logistic u.s. assets from a singaporean company. i thought it was really interesting. the largest global pe deal for real estate in the

team 19 year old kata stuart pos up on a deal with the atlanta braves and has instead signed with softbank hawks a steward and made a name for himself itching for eastern florida state university is a 6 year deal sees him away from a more financially uncertain rookie kuria in the end. and that's when we shall donna thank you very much thank you for joining us here on al-jazeera when you get a moment go to our website al-jazeera dot com we have news from all around the world there and right now we're going to hand it over to our colleagues and one didn't just of it for much more of the news but. to keep it or. the latest news as it breaks local communities here employee are very frustrated because the lack of post storm services with detailed coverage this frontline of the fact though people often say this struggling to make lancets and just want a better life from around the world and obviously has been offered to those for revenge against the government of any except those involved in human rights abuses a war crimes. the consequence of war. ventures and russia he served in the marine cor

car to strew it possible on a deal with the atlanta braves and has instead signed with local waka softbank hawks stewart made a name for himself pitching for eastern florida state university the 6 year deal is sees him move away from a more financially uncertain ruki korea in the n.l.p. i do hope that i may go up again among younger players to have a different but i don't know what's going to happen in the us and i hope one day so much that on this an instance as it was a great idea. and that's as fulfilled we will have more later on. and that's it for me sal rollins next. as politicians in washington the fights are over a border wall we talked to the people at the center of the story many up then just said oh no it's very dangerous because since the money guns are there and it's not it's a very safe place migrants smugglers and people who live along the border talk to all just 0. june on al-jazeera people in power returns with an investigation into why india's capital delhi has some of the worst air pollution in the world. 2 years into the blockade we look at the future of the g.c.c. cris

strew it to a possible on a deal with the atlanta braves and has instead signed with local waka softbank hawks stewart made a name for himself pitching for easton florida state university this experience dealing sees him move away from a more financially uncertain ruki korea in the n.l. . i do hope that i create new up again among younger players to have a different but i don't know what's going to happen and i just hope one day someone looks back on this and insincere this is a great idea. and thus is fulfilled we will have more later on. and that's it for meanest audio tape for this news hour and i'll be back in just a moment. when a military coup overthrew chile's marxist president one stadium's became prisms and the hunters sell objective was absolute control one man publicly refused to accept dictatorship episode 4 of football rebels expose the life of colus. the footballer whose personal story swayed of votes that altered the history of his country carlos caselli and the demise of a ended a on al-jazeera. these explosions were not an act of. these nuclear bombs were experiments by

softbank bought them for $32 billion in 2016.s the uk's largest listed tech company at the time and they can be found in almost every smartphone and tablet. he has not decided where the new public offering will be held. david: what do we have? a couple minutes to the open. first trading day of the week. it has been a decent run of gains so far for asia, for the world. e.m.'s up for a fourth straight week. this is where china is. csi 300 back close to a two month high. you notice this bit right here -- let me get my pen. from were your two tweets trump. that is the jumpoff point as we get underway. have a look at where we are. yvonne: seems like there is a lot of optimism on g20 that perhaps you will get a status quo. even though that could be the best case scenario or a rerun of buenos aires. what we are seeing when it comes to the hang seng, slightly down at the moment. h-shares down by 14 points. offshore renminbi be unchanged. six-week low is for off share china. what a week it was last week. up close to 5% gains for the week.

from a store located in houston texas neuro would secure a $1000000000.00 investment from japan's softbank earlier this year specializes in small autonomous vehicles designed for delivering goods to a consumer's door they have also been working with the united states is the largest grocery chain store chain kroger to deliver goods by not antonymous vehicles and houston their initial hopes are to work with local businesses to deliver goods that can fit within the small the hackles and that's it for this time you can catch boom bust on direct t.v. channel $321.00 dish network channel 280 or streaming 247 on pluto t.v. that t.v. channel 132 or as always hit us up at youtube dot com slash we must start to see you next on. paradise with some around and into a round the experimentation field the agricultural chemicals we know that these chemicals have consequences they are major irritant there's no question otherwise why would that the chemical company workers themselves be geared up and suited up locals attempt to combat the on regulated experiments that often in day you have many of these peop

from a store located in houston texas neuro which secure a $1000000000.00 investment from japan softbank earlier this year specializes in small autonomous vehicles designed for delivering goods to a consumer's door they have also been working with the united states is the largest grocery chain store chain kroger to deliver goods by not antonymous vehicles in houston their initial hopes are to work with local businesses to deliver goods that can fit within the small the have goals and that's it for this time you can catch boom bust on direct t.v. channel $321.00 dish network channel 28 or streaming 247 on pluto t.v. the. channel 132 or as always hit us up at youtube dot com slash 2 must start to see you next. show seems wrong. just don't. let me. get to see. the answer. and in detroit equals betrayal. when something you find themselves worlds apart we choose to look for common ground . why a paradise with some ground turned into a round the experimentation field for agricultural chemicals we know that these chemicals have consequences they are major irritants there's no question otherwise

from a store located in houston texas neuro which secure a $1000000000.00 investment from japan's softbank earlier this year specializes in small autonomous vehicles designed for delivering goods to a consumer's door they have also been working with the united states is the largest grocery chain store chain kroger to deliver goods by not antonymous vehicles in houston their initial hopes are to work with local businesses to deliver goods that can fit within the small the have goals and that's it for this time you can catch boom bust on direct t.v. channel 321 dish network channel 28 or streaming 247 on pluto t.v. the. channel 132 or as always hit us up at youtube dot com we must start to see you next. the believe. and. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics sports business i'm showbusiness i'll see you then. you know world of big partisan movies a lot of things and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming

south bank ceo once a more -- softbank's ceo once to find more options.t, we will get an update on the timeline the boeing 737 max 8 from one of the plane's biggest customers. this is bloomberg. ♪ the latest innovation from xfinity isn't just a store. it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy, awesome. su: this is daybreak asia. isstart with china, which willing to work with the u.s. to end the trade war will not be pressured into concessions. an official government report blames president trump's administration for the collapse in talks and says the recent tariffs on the country will make things worse for all sides. the report also takes a swipe at trump's 2016's slogan saying the trade dispute has not made america great again. justgotiations are discussions. it is not an agreement. there is no backed tracking. e

pedia had help from deep pocketed investors in reaching this impressive sum in december the famed softbank group of japan and china's all the baba infuse $1100000000.00 in capital into the indonesian startup token pedia c.e.o. said the company made sales with $5900000.00 buyers over ramadan and the world's largest majority muslim nation of 260000000 the company's success is perhaps even more impressive in light of the uniquely just tickle delivery challenges that a nation that comprises 17000 islands. now for a quick break but hang here because when we return while china has seen some souring ties with some american companies they've also been opening their capital markets to some other foreign firms before which of the british american business association joining. openings mean for the united kingdom in the wake of brics its impact on business and as we go to break here are the numbers at the close. what is called in. magic a new type of digital currency essential lies digital scarcity chancellor. second for a bank that's called the genesis block for reason civil disobedience a source of

softbank under pressure, 2.9%, halting a new drop with t-mobile in the crosshairs after 10 u.s.it to block the deal. sharp gaining ground and tokyo arising the most after the briefing on tuesday when the president said he will pick an internal successor by 2021. in on onet to check stock off almost 9% in the session after announcing its turnaround talks. it will hold talks with creditors on july 22 with the decision to be made on the turnaround planned on september 18. in sydney, one mover surging after its forecast for fiscal 2019 be forecasts, 20% higher than the previous period, noting market conditions positive with the outlook strong. noted thermal coal contributes to less than 25% of total revenue. shery: thank you. apple has a backup plan. possibleook at what is should the trade war spiral out of hand. paul: what should investors do as tariffs from the lawn? we will -- rumble on? this is bloomberg. ♪ ♪ asian equities faced a difficult wednesday after u.s. stocks lost momentum. time to strategize where stocks had from here. we are joined by the cio of atlas capital from si

shery: softbank group founder wants to relist with a british ship maker within five years.32 bought arm billion in 2016. they want the uk's largest -- they were the largest tech company in the u.k. at the time. son hasn't decided where will be held. paul: still to come, the malaysian prime minister sits down with bloomberg to talk about the exclusive -- the u.s.-china trade war and more besides. that story is coming up next. and a check of the markets as well. this is bloomberg. ♪ ♪ paul: winter is upon us and in sydney very very cold and wet monday morning. the market opened 90 minutes away, futures pointing weaker right .25%. i am paul allen in sydney. shery: i am shery ahn. let's get the first word news with su keenan. we start with the u.s. which will impose major new sanctions on iran later monday, days after in downing of a navy drone the gulf. the islamic republic would never be allowed to make nuclear weapons, trump said, and the current international verification of the plan is not acceptable. iran notvisers warned to mistake washington's measured response for weak

a couple years ago, softbank was a class of one there was literally nobody who had that scale what's space, sovereign wealth funds, lots of other players coming in. softbank is still an important player, but i think actually their importance in the industry as sort of a class of one who can write $500 million-plus checks, that dissipated over the years. >> but the mega fund doesn't -- is that a success or failure, the mega fund? >> i don't know. i mean, i haven't seen their numbers. i have absolute lly no idea i think what's happening, though, is a lot of players who have invested in that are trying to build direct investing arms and this was reported in the paper. if you look at pif, the saudi group, or the canadian pension group, i think a lot of them have long-term plans to be direct investors so the question is, do i need to do that through a fund or can i get access to those same kinds of deals directly and frankly not have to pay fees and carry i think that's the bigger, potential risk for some of the mega funds. >> go ahead. >> i want to quick -- you saw the market move from a

softbank is in for luminary talks to buy a stake in a brazilian tech firm.eople close to the deal told us there are other investors involved in talks. there is no agreement on specific numbers. new bank is expected to become the fourth biggest from brazil. that is your bloomberg business flash. now, asian stocks edged up while treasuries were flat in the run-up to the key u.s. jobs report. jobs day in the usa. afteran is in focus china's central bank achieves adjusted he is not focused on the level of the exchange rate. is ano not think this important question because you ism on the numbers, it smooth and continues. i do not think around this mathematical scale any number is more important than the other number. that was the pboc governor speaking to tom mackenzie. mark cudmore, r bloomberg markets life managing editor. let's start with what we learn from that interview. they have a lot of firepower, a tremendous amount, sounding almost trumpian, but also stressing a particular arbitrary number is not the important question when it comes to the exchange rate

softbank is a parent of sprint. >> that's right.uirer and acquires pay up to buy those businesses but we like to have cheaper prices for them instead. liz: get that look at everything else going on and very worried about the markets would you feel confident? everyone is worried were coming to a recession. >> we are relatively conservative. not losing money is most poor thing so we rather find our bargains on individual stock basis in the entire market. liz: great to have you. >> thank you for having. liz: matt watson over at james investment research. it's been a very busy newsday. presidents making an announcement that there's an 8 billion-dollar natural gas trade deal with poland along with at 35, lockheed martin, moving over to the polish side as well. connection here put it on the screen. back in day in a row that will do it for the claimant countdown. melissal: stocks ending in red over the wall street dow ending 39 points as it settled down for the second straight day. s&p 500 and nasdaq also ending in negative territory. this

sprint's principal owners is softbank. there's a lot of moving parts here.eds to get approved. one other thing, what companies tell me -- liz: what is that? >> is that a real t-mobile chart? liz: what is going on here? >> one interesting aspect here, the justice department hasn't said no yet despite everything you read. that, i would say, besides the fact the economic guys like kudlows of the world want the deal done, that is a positive. not saying it's going to happen. i'm just telling you it's a positive. sprint is off its lows, i believe, based on my reporting. liz: we started this report, it was down a third of a percent. looks like it's going flat. charlie, thank you. charlie, thank you very much. 27 minutes before the closing bell rings, now we are up 230 points. maybe it is on the promise, perhaps, that the mexicans will send troops to the guatemalan border. more on this. kevin, meet your father. kevin kevin kevin kevin kevin kevin kevin kevin kevin kevin trusted advice for life. kevin, how's your mom? life well planned. see what a raymond james finan

the 19-year-old passed up on a deal with the atlanta braves and has instead signed with the softbank for himself pitching for eastern florida state university. he sees this deal from a more financially uncertain rookie career in the mlb. hope i create new opportunity among young players to have a different path. i don't know what is going to happen and i hope that one day someone looks back on the and says it was a great idea. reporter: that is more from -- that is all from me. anchor: that is it for this newshour but i will be back in just a moment. ♪

. >>> it's softbank's latest claim.ew cloud-style chip founder joining us now is the company's co-founder and ceo thank you very much for joining us why is data ripe for disruption? without getting too much in the weeds, what exactly does your company do on the cloud? >> well, good morning. thank you for having me on the program. what fungible is set do is revolutionize the economic, reliability and performance of data centers at all scales and in all geographies the reason that it is time to do this is because of some of the really important trends that have been happening over the last 15 to 20 years. there's, of course, the flattening of moore's law. there's the hyperconnectivity the internet has brought there's big data the confluence of these three things is going to bring us -- is bringing us to a data centric world. it's time continue to vent a new microprocessor this sex ais exactly what we are doing. we are inventing dpu to improve the economics, reliability of data centers. >> how will that change the infrastr

the average retailing salary was $80,000 last year area shery: the softbank group founder wants to readitish ship maker arm holdings in a few years. he bought it in 2016. it was the largest listed tech company at the time and products are found in almost every smart on and tablet. son hasn't decided where will be held. suning.com is planning to buy an 80% stake in car for. they are paying $700 million in cash for the deal which is awaiting regulatory approval but expected to close by the end of the year. the growing number of european retailers are scaling back their chinese presence amid a shift to online shopping that favors local operators. coming up next the drumbeat for a fed rate cut getting ever louder. we will see what officials are saying next and look at the markets. this is bloomberg. ♪ ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it o

there are four companies involved, sprint, the owner of sprint, softbank, t-mobile, the nominal owner directors have to sign off on this thing to make sure it happens. liz: don't forget dish, who wants to take some of the assets. >> maybe wants to buy some of the assets. this that's a whole other issue. what i'm going to tell you is as of now. there is a broad outline for a deal. we basically have that nailed down. there's this broad outline about additional divestures in addition to boost. that's how sprint and t-mobile will get rid of the prepaid service known as boost as per their fcc agreement. apparently there are additional divestitures like that in this broad agreement, in addition to divet divestitures of spectrum. so that's what's on the table. it's there. i can't tell you they are going to sign this agreement because i'm telling you, all it takes is one little nod from the doj that they want maybe something else and the companies put it in their calculus and say this doesn't work out, we aren't going to make money, they walk away. just keep that in mind. we are hearing it's

softbank is in talks to buy new bank. goldmaners include sachs and sequoia capital.oom video got off to a first -- fast start. beat analyst estimates. fedex is not renewing its u.s. domestic contract with amazon. fedex calls it a strategic decision. the decision means fedex domestic air service will walk away from the dominant e-commerce company when the rise of online shopping is filling record demands. scarlet: barnes & noble turning a new page. they have been purchased for $476 million is the assumption of debt. shares have soared on the news. elliott management acquired waterstone not too long ago. i suppose there is a blue white with what they are going to do. the ceo ofoing to be barnes & noble. they are not merging he's just to run both. they have had a little time to work with waterstone and this guys whole strategy has into make them dissenters. he encourages local managers to help the stores blend in. cafes in places where you can gather. barnes & noble already does these things. they will have a story time for kids. it will be interesting to see if they ca

[laughter] softbank is looking at $1.2 trillion gain on a 2016 deal where they sell alibaba stocks. ,t that they will book, 1.2 trillion. this is the compact they entered back in 2016. afterholding in alibaba the trade goes through. fear not, they are not pulling on record on alibaba. this chart shows the two-year, the 30-year and the 10 year break evens. mr. bullard says this provides some assurance in the case of a sharp of than expected downturn. my question to you is an economist, are we now u nanchored? our inflation expectations in the united states of america de anchored? janet: i think it is too early to say that. last year we saw this complete collapse in inflation expectations and it upsets the market when the fed governor actually said the balance sheet was on autopilot. then, he backtracked and i think there was a realization, as you say, that in fish in a traditions would come down sharply. relationships are constantly changing labor market behavior, global influences on inflation, they will be very alert to the risk. but when the fed sets policy, yes, they have to pay at

you do a huge round with you know in -- and in slack's case, softbank, they had a prior round where they. so you have already, you know,it a lot of cash on the balance sheet. they raised $1.3 billion, they have only -- they have $800 million on the balance sheet. so they built a $20 billion company off of $500 million. that's the capital - >> what did they raise what was the price they rose it before >> $7 billion. >> $11.91 per share. >> oh, that's kind of sucks for slack. they could have gotten way more if they went to the open market. >> there you go. >> i mean, no money left on the table there. but in the secondary market. >> which is the better version >> well, i think, you know, there's going -- no need to get greedy here. they have done very well stewart has done very well the employees will have liquidity. i think it's a win-win-win for everyone you're right, they still have the ability to raise more capital as a public company. >> softbank -- this or uber? what was the last price they played on uber >> they're largely locked up because they were supposed to sell into green shoe

you have softbank investing tech , announcing they will do $5 billion there.s. you've met gerald lee from modern logistics, the company has been growing more than 800%. just because there is a lack of infrastructure. the opportunity is when you're able to look at these local themes that do not depend on the macro side. alix: what do you think? we hear a lot about emerging markets. what is your take? damian: we just saw chile do a surprise 50 point basis cut. we have peru tomorrow, we have russia tomorrow. brazil has some of the highest nominal and real yields in all of emerging markets. there is capacity for them to stimulate growth and that would help equities, which are teetering on all-time highs. with u.s. treasury yield, a 10 year at 2.11 is near an all-time low. it carries so much better in brazil local assets. it is worth taking a look. david: let's talk equities for a minute. i will put up a chart that compares brazil, which is the white line, with the purple, which is peru, yellow, which is chile, blue is mexico. does that tell us anything about those

softbank, and several uber co-founders were among the many investors looking to sell through the greenshowes 30 days after the debut. underwriters won't typically exercise that option unless the stock is trading above the ipo price. as we know, uber's stock price didn't do that last wednesday it came close, sending the day at the $45 per share offering price it tumbled after that. instead the greenshoe was used to support the stock after it began trading. the insiders waiting to sell have to wait for the lockup agreement to expire in another five months. >> lesley, thank you so much >>> now back to carl quintanilla at code with a look at what's coming up. carl >> when we come back this morning from the venetian live from code, vox chairman and ceo jim bank kof will talk about the changing media landscape you don't want to miss any of the action live from the venetian and code con. don't go away. rjtsz one top strategist says wall street is getting the fed's next move all wrong. find out more on cnbc.com. more "squawk on the street" is coming up. >>> welcome back we're live at the code conf

softbank is in talks to buy a stake in fintech from new bank. they do not have a specific figure.ation. ae nba cracked down on billionaire owner of the golden state warriors or pushing an opposing team's player. after banned for a year , and wasyle lowry fined $500,000. tom: it is an important moment for emma chandra who is in fayetteville, arkansas. she is all arkansas football, for the annual gathering of the walmart people. it is always interesting and of national importance. what is this year's certain twist? emma: it is good to be here. we are at the bud walton arena. 20,000 walmartut store associates fill the seats behind me as they joined for the big celebration walmart holds every year. walmart has a good story to tell it the moment. they are doing well when you look back at sales, a key metric for retailers, and they have been building e-commerce. they have been building the people commerce platform -- tilting the e-commerce platform to compete with amazon. delivery, the key area of competition for a number of retailers, they plan to offer a number of walmart customers ho

softbank facing challenges. cheryl casone has more. good morning again.hilly reception from some big money managers. sources say several investors make limited or no contributions at all. others are concerned about the vision fund. our delivery company was founded in 1910. it has been struggling with the competition. it's a for sale. part of the series is mob boss. the life imitating. the home furnishing company. like the simpsons for entrance -- instance. i know your disk and a sign up for it right now. assembling a sofa. thank you so much. just really quickly before we move on. there are some headlines coming out of britain about the meeting which is tomorrow between present trump and prime minister theresa may. it is a business brexit meeting that made they can't expect them to raise economic partnership. it has repeatedly expressed shared desire for a trade deal. there would be substantial meetings. with all the pomp and pageantry. up here first. 2020 writ vegan -- vision. that is next. stay with us. i needed legal advice for my shop. that's when i re

accident killed a pedestrian and just before its ipo, though, it secured a $1 billion investment from softbankustry, valuing that autonomous driving unit, atg, at more than $7 billion, guys >> i mean, regulation needs to catch up that's putting it lightly. where can they possibly use these cars if they were to roll out today? >> well, they're being used in pilot programs but my point with uber having to actually get out of the game for nine months and test them on the roads, that is so critical that's what waymo's doing. that's what a lot of the other self-driving car companies are doing. so, in order to get regulations, you need those miles you need to show how these cars are actually operating. >> does this make it tougher for uber when they're in a position where they've been saying, oh, we rely on our drivers so much, they're great, we care about you as we're trying to replace you >> well, what they say, what has been a company line -- and we'll talk to someone who knows this well -- is that it won't replace drivers. it will be on top of drivers so when autonomous driving begins, you'll ha