with wework, he and the wework's ceo have a personal connection where they are both prepared to make these big, brash plans and think the world will follow along in their betting on social movement as well as wheel of state that more and more people like david are going to end up working out of offices more convenient to them then perhaps the offices of perhaps the companies that they work for. vision fund has already invested and we are looking at some of the companies. there's a construction company and an e-commerce company. david, you may love your spot in your wework office, but i wonder if there is a concern that softbank, by investing so much is keeping companies afloat that maybe should not be kept afloat. david: i would not go that far yet. there is a real risk of that. we are in an extraordinary up economy. a really dramatic upmarket beyond what most of us expected. these companies are growing. some of the softbank investments like nvidia is a really strong company and the other chip company, the name of which who arm.caping me, companiespowerful already hugely profitable.

we are hearing investment in wework could total $15 billion to $20 million.all street journal saying softbank is in talks with wework on a majority stake. we are now hearing from the wall street journal they could get into the co-working office space with wework, and they are getting around $15 billion to $20 billion. the workspace sharing company raised about $1 billion already from softbank in august, so this partnership continuing. haidi: very much so. that when billion dollars news broke recently. it looks like, according to this wall street journal story, that softbank is going all in on we work. sophie is with us in kuala lumpur. sophie: kicking off with sydni shares. 200r a two-day decline, asx pushing higher on the back of iron ores advanced and 10 year yields being ahead of an auction of 2030 bands. now because shares -- this after receiving an unsolicited $1.4 billion bid from a group that represents a 26 day premium to tuesday's close. closer toen they move 113. creative markets today looking at a muted start. kiwi shares could clock an eighth day

shares in japan's softbank slide as it looks to take a stake in the shared office space firm wework.arkets in europe are also headed down. we will talk you through what's ahead. and today is world mental health day. so we'll get the inside track on whether firms are doing enough to help their staff and improve wellness at work. we wa nt we want you to get involved today. does your employer offer enough support for you? what schemes are in place if you need help? or does your employer turn a blind eye to the issue? let us know — just use the hashtag bbcbizlive. yes, do get in touch with us, we would love to hear your thoughts and comments and will share them later. let's begin with our top story. a decade after the financial crisis which rocked global markets and led to recession in many economies, the international monetary fund has released its global financial stability report taking a detailed look at some of the risks that still remain. it talks about a rise in global trade tensions could have serious consequences for emerging markets. the imf warns this may lead to investors pul

in wework last year. >>> so much more to do on this busy wednesday interest rates and your money.e on how you can plan and prepare for higher borrowing costs and we're keeping an eye on hurricane michael, now a category 4 storm latest coming up >>> it is 5:23 here on a busy wednesday morning. in washington, d.c. the fallout continues following nikki haley's resignation. tracie potts has more on this story. >> first it came as a surprise, not only to foreign policy experts and lawmakers on capitol hill but even some white house insiders say they didn't see this coming. >> she's done an incredible job. >> reporter: president trump praising united nations ambassador nikki haley, now leaving at the end of the year her resignation letter dated last week. >> i think it's important for government officials to understand when it's time to step aside sometimes it's good to rotate in other people who can put that same energy and power into it. >> reporter: haley said she will support mr. trump in 2020 and has no plans to run for office a u.s. spokesperson denies a watchdog group's request t

a massive investment in wework. plenty, an agricultural company.aking graphics cards used by millions of americans and slack. a lot of money all over the country. >> can't believe you're still talking. this is so much. >> huge. even many commercial and consumer goods companies that make items you buy every day like general electric, honeywell, billions of dollars in partnerships with saudi arabia. >> yep. so that starts to explain some of the hesitancy in taking a strong position on something that should be so obvious to take a strong position on. joining us from boston is a senior fellow at university of beirut and known jamal khashoggi for years. you made a point in an op-ed to say your knowing jamal, you haven't been that open about that right now because you want people to understand how frequent this sort of thing is, the mistreatment, the miscarriage of human rights, the mistreatment of journalists and across the arab world, not just saudi arabia. >> that's right. i think there's been a lot of people talkingn't h about how t know jamal and ta

vision fund chief said wework was seeking to raise more funds. that is your bloomberg business flash. manus: thank you very much. emerging-market equities are flashing the buy signal according to research affiliates , a sub advisor of the money managers including pimco. was made backhat in february 2016, that called emerging markets the trade of the decade. the advice proved pressey and. stocks -- proved prescie nt.stocks surged 80%. that is a heck of a call coming through from research associates -- research affiliates in terms of emerging markets. i want to get a sense from you in terms of what the indonesian central banker has been telling jerome powell at the meeting, which is you need to be mindful that a spillover of your policies is real for many countries. do you think the messages from the indonesians and others will be heard at the feds table? >> i think policy -- fed policy is very much targeted on what is happening in the u.s. economy. , that gradual tightening, we do not think that's going to change. for emerging markets, the risk is

. >>> japan's softbank is reportedly in talks to buy a stake in wework.wall street journal" says that softbank is in discussions about investing 15 billion to 0 $20 billion. wework is a shared office space provider third point has increased its stake in campbell's soup from 5.6% to 7% third point is trying to replace the entire board of directors. a big hold up there has been family ownership the two largest shareholders are family members >>> shares of ppg rebounding in the after hours yesterday. that stock was down about 10% during the trading session yesterday after the company warned third quarter and fourth quarter earnings would be hurt by higher material costs and slower demand in places. the stock bounced back after trian partners announced a 2.5% stake in the company ppg says it looks forward to maintaining a constructive dialogue with trian and nelson peltz. >>> shares of nio rose sharply after bailey gifford announced a 11.4 stake, that is also tesla's largest outside shareholder. nio listed shares on the new york stock exchange last month, the

softbank, in talks to take a , downty stake of wework 3%.s is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. headlines.irst word president trump has renewed his criticism of the fed, saying policymakers are moving too fast with rate hikes. he dismissed concerns about inflation and repeated his lacking for low rates. expecting another hike in december. greetedt trump septembers increase by saying he is not happy. ,ndonesia has a blunt message warning they must be more mindful of spillover effects on policies of emerging economies. the finance minister said indonesia is being punished despite to doing the right things in reformi

in -- been put into very prominent startups wework in uber and china and as he looks to deploy that capitale question is whether technologies will be accepting of that if there is a tight audi arabia that is under a cloud. one who pulled out ceo ofconference was the uber, who said he didn't want to go under the circumstances. weighs on softbank right now. yvonne: peter elstrom in tokyo. we were speaking to some analysts that are either cutting their exposure or reduce or downgrade the stock for down the -- soft bank, a senior strategist will be joining us. rishaad: in just over half an hour, but softbank. david: i think we are about one third back. at one point..25 for shares at softbank. when you look at the damage yesterday, it was about 1/5 of the points decline on the nikkei 225. ¥262 to the upside. a change in terms of ratings. a new neutral and a new outperform in terms of impact and up 1.6%, still down roughly 40% from the peak. the macro picture doesn't bode well for the outlook for orders in the company. quickly, let's wrap things up the japaneset how cash markets are faring ahead

statement of fact bank betting wig on wework cheryl casone on headlines, cheryl.reported in discussions to stake majority space in work sphais company. softbank owns nearly 20% of wework but according to zrrowrnl the instres -- investment 20 to 30 billion. that fund we should say is backed largely by saudi arabia and abudabi. well, president trump says he's narrowing down a list of people to replace zrrowt going un ambassador nikki haley after stir price resignation yesterday on the short list dina powell, former deputy senior adviser and white house council, other names floating around richard granell and even the president's daughter i stran quay came up but the the t ♪ ♪ [laughter] cheryl: yeah, that's former nba star dennis rodman, he's interested in the job, long-time friendship with north korean leader kim jong un obviously is well documented, and then there's this, more celebrities getting political. taylor swift kicking off night with performance i did something bad after breaking political silence. >> it says i am a voter, politics aside, the biggest winn

vision fund which is backed by saudi arabia, abudabi funds and softbank which owns nearly 20% of weworkat's interesting, let's talk about bill ackman, big investment in starbucks, we are wondering what he wants. tracee: that's right, bill ackman revealed funds have increased stake in starbucks to nearly a billion dollars, ackman told the crowd in 2018 conference in new york that his fund has 15 at any time 2 million shares of starbucks which is about $900 million, ackman says he likes starbucks because they care for its partners and aren't threatened by increases of minimum wage. lauren: looking to change anything at starbucks? tracee: i'm not sure if he is. lauren: what made shares jump in a big way? tracee: activist manager has accumulated $690,000,000.2.9% stake in ppg industries, that's one of the world's largest manufacturers and distributors of coding and special team materials with the market cap about $26 billion, shares of ppg industries jumped more than 5% in after hours trading on tuesday. lauren: all right, tracee, thank you very much. cheryl: we have got a lot more coming u

in june, the vision fund chief wework was seeking to raise more funds. the amazon cloud competing division has signed new deals worth a combined $1 billion. the contracts are worth $500 million over five years. representactions existing partnerships. all three come it is declined to comment. that is your bloomberg business flash. anna: thank you very much. manus: you can take this. i think it is only fitting. ok, this is my fold, i appreciate that. nearing a sale. thatwould have said better. the two parties have reached a tentative agreement on price and may announce a deal this month. joining us now, the senior reporter in milan. you can say it better than i can. what is the latest, what do we know about this deal? we know a deal might be closed. they are discussing the final details of the sale which will be quite iconic. they will mark the first decision by the ceo. related to m&a. they started when fiat was a spinoff. now they are going to the sale. it is a big check. that means they can increase their cash position by about 5 billion euros. this wil

wework has been seeking funds.the wall street journal, the struggling retailer could file later this week. a hedge controlled by fund manager who is rescue the company in the past by making debt payments. he is said to be pushing for a broader restructuring now. chrysler is close to selling its car parts unit to a japanese company owned by kkr. fiat and kkr are now negotiating. a deal could be announced this month. that is your bloomberg business flash. francine: thank you so much. british and eu officials are discussing a brexit compromise that could see the u.k. remain temporarily in the eu customs regime. the biggest sticking point remains how to avoid customs infrastructure on the irish border. mean the u.k. agreed to a backstop. intense talks over the next five days may produce a provisional deal by monday. john, i am looking at google pages on you. how is business? john: pretty good. at the whole, a great time to sell things, not buy them. francine: what does that mean for what you're looking to sell? john: w