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Aug 9, 2023
08/23
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BLOOMBERG
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wework did a lot of right things over the last years. they are coinciding with structural and cyclical issues we just talked about. now they have an operating problem, but i think peers can take up the slack. there is benefit, including to public landlords. in terms of leases, in a bankruptcy court usually the judge will decide to accept or reject leases and it will be a lease by lease discussion. guy: is this an industry problem or a systemic problem? vikram: it is more systemic from the perspective of regular tenants who are rationalizing because cyclical reasons. we are still in the midst of deciding how much space we need in a hybrid work environment. it is now compounded by the fact that there is a cyclical slowdown. i think there is -- there are broader problems, whether you are a traditional landlord. alix: if i take a look at our question of the day, this could be a shoe to drop for some office buildings in some areas but overall it feels we will be able to digest this. guy: give us your take on that. we have been talking to a lo
wework did a lot of right things over the last years. they are coinciding with structural and cyclical issues we just talked about. now they have an operating problem, but i think peers can take up the slack. there is benefit, including to public landlords. in terms of leases, in a bankruptcy court usually the judge will decide to accept or reject leases and it will be a lease by lease discussion. guy: is this an industry problem or a systemic problem? vikram: it is more systemic from the...
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Aug 10, 2023
08/23
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BBCNEWS
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wework cited a drop in membership. shares in wework are currently trading at 13 cents.the country's central bank is due to unveil its monetary policy decision today. the inflation rate has accelerated injune with food prices soaring in the two months, so much so that tomato prices for example have rocketed. they now cost around ten times more than just three months ago. earlier, i spoke to an economist who gave us her assessment on how she expects the central bank to move later. i think the rbi is going to meet the slightly challenging juncture since they had maintained quite a cautious outlook on inflation when they met last injune. and when they meet now, actually, some of that has already played out. you know, because of adverse weather conditions. food has picked up in perishables, but also broadly in terms of food grains and a few of the protein sources as well. so food inflation, when the most, the next number comes out injuly, july's number which comes out in a couple of days, will certainly show that inflation is way higher than what they anticipated as well a b
wework cited a drop in membership. shares in wework are currently trading at 13 cents.the country's central bank is due to unveil its monetary policy decision today. the inflation rate has accelerated injune with food prices soaring in the two months, so much so that tomato prices for example have rocketed. they now cost around ten times more than just three months ago. earlier, i spoke to an economist who gave us her assessment on how she expects the central bank to move later. i think the rbi...
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Aug 10, 2023
08/23
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shares in wework are currently trading at around 13 cents.he country's central bank is to unveil its latest monetary policy decision later today and the inflation rate has accelerated in june with food prices soaring in the last two months. so much so that tomato prices have rocketed. they now cost around ten times more from three months ago. earlier i spoke to economist radhiko rao who gave her take and how she expected the central bank to move later. i think the rba is going to meet an exciting challenge injunction. they look at call inflation removing feel, how is that reacting and if that seems to pick up, it shows the need to act thereafter. administrative measures can be done and have already been undertaken. things like stepping up in pods for certain commodities whether it's a supply shortfall. some export bands have taken place a two short domestic supplies of certain crucial food grant remain sufficient. also monetary policy place a smaller role but government administrative measures can have a bigger say in how inflation can be con
shares in wework are currently trading at around 13 cents.he country's central bank is to unveil its latest monetary policy decision later today and the inflation rate has accelerated in june with food prices soaring in the last two months. so much so that tomato prices have rocketed. they now cost around ten times more from three months ago. earlier i spoke to economist radhiko rao who gave her take and how she expected the central bank to move later. i think the rba is going to meet an...
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Aug 10, 2023
08/23
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they have massive real estate holdings wework occupies 6 million square feet in manhattan alone.f they are struggling and not renew leases, how will that impact an office market which is already struggling the implications for the big cities stateside is an interesting component. >> when we speak to the analysts in the u.s., they always point to the fact that office is the area of most concern we have seen with san francisco and new york and wework is a good example of how things go wrong. >> on the programming note, we have the interview with linda yaccarino. don't miss that at 4:00 p.m. >>> u.s. futures here is the picture of wall street and how it is poised to open green across the board dow jones industrial average at 200-point rebound. nasdaq is looking to regain ground all of this ahead of the cpi print. that is it for "street signs." i'm julianna tatelbaum. >> i'm joumanna bercetche. "worldwide exchange" is coming up next. when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 ti
they have massive real estate holdings wework occupies 6 million square feet in manhattan alone.f they are struggling and not renew leases, how will that impact an office market which is already struggling the implications for the big cities stateside is an interesting component. >> when we speak to the analysts in the u.s., they always point to the fact that office is the area of most concern we have seen with san francisco and new york and wework is a good example of how things go...
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Aug 11, 2023
08/23
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FBC
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but, first, ann berry warned us that wework would not work. to join us to see what silicon valley is doing to protect investors, next. ♪ ♪ you better with work, work. ♪ you better work, work ♪ [ applause ] >> the day you get your clearchoice dental implants makes every day a confident day... a never-hide-my-smile day... a life-of-the-party day... a take-on-the-world day... a believe-in-myself day... a flash-my-new-teeth day. because your clearchoice day is the day you get your confidence back for good. a clearchoice day changes every day. schedule a free consultation. dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones >> this is the strongest bill you can pass to lower inflation, cut the deficit, reduce health care costs, tackle the climate crisis and promote energy security. charles: or all right. i think there's a lot of pinocchios in that one. president biden admitting as much with this flip-flop to a degree, right in
but, first, ann berry warned us that wework would not work. to join us to see what silicon valley is doing to protect investors, next. ♪ ♪ you better with work, work. ♪ you better work, work ♪ [ applause ] >> the day you get your clearchoice dental implants makes every day a confident day... a never-hide-my-smile day... a life-of-the-party day... a take-on-the-world day... a believe-in-myself day... a flash-my-new-teeth day. because your clearchoice day is the day you get your...
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Aug 9, 2023
08/23
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wework citied financial losses, cash needs and a drop in membership.ently trading around 13 cents the softbank backed company has been in turmoil ever since 2019, no thanks to its hefty losses and lapses in corporate governance. over to india now — where the central bank is due to unveil its latest monetary policy decision later today. the inflation rate accelerated injune, with food prices soaring in the last two months. so much so that tomato prices have rocketed — they now cost around ten times more from three months ago. earlier, i spoke to economist radhika rao, who gave her take on how she expected the central bank to move later. i think the rbi will meet a slightly challenging juncture. they had maintained quite a cautious outlook on inflation when they last met injune. and when they meet now, some of that has already played out. food inflation has also picked up food inflation has also picked up in terms of perishables, but also protein sources, as well. so inflation, the next number comes out injuly, it will certainly show that inflation is hi
wework citied financial losses, cash needs and a drop in membership.ently trading around 13 cents the softbank backed company has been in turmoil ever since 2019, no thanks to its hefty losses and lapses in corporate governance. over to india now — where the central bank is due to unveil its latest monetary policy decision later today. the inflation rate accelerated injune, with food prices soaring in the last two months. so much so that tomato prices have rocketed — they now cost around...
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Aug 9, 2023
08/23
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shares of wework, the office space sharing company, have plunged after it raised "substantial doubt"ll by close to 24% in extended trading in new york. wework was hit hard by the pandemic as social distancing rules drove people to work from home in a trend that has continued. the uk's top financial watchdog will write to banks today asking for details on how and when they choose to dump their customers. the government has ordered a review in to so—called debanking with evidence that it's frequently done because customers have close ties to politics. the financial conduct authority will be asking banks to disclose the number of accounts thay have terminated or suspended and the reasons behind those decisions. hundreds of amazon sellers have complained that the online marketplace is withholding their money. amazon said it emailed sellers about a "delivery date—based reserve" which holds some money in case of refunds. but some sellers have written to their mps saying they cannot get the cash needed to run their businesses. and injapan, visitors are now being offered the chance to travel
shares of wework, the office space sharing company, have plunged after it raised "substantial doubt"ll by close to 24% in extended trading in new york. wework was hit hard by the pandemic as social distancing rules drove people to work from home in a trend that has continued. the uk's top financial watchdog will write to banks today asking for details on how and when they choose to dump their customers. the government has ordered a review in to so—called debanking with evidence that...
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Aug 9, 2023
08/23
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the latest chapter in the down fall of wework just written.e'll have much more on that story coming up. >>> then later, getting ready for disney and what, if anything, this stock can do to get out of its recent slump. we have a very busy hour still ahead when "worldwide exchange" returns. stay with us ♪ >>> welcome back to "worldwide exchange." we're watching the price of oil this morning you see it's up. wti up almost 1%, brent crude just a tick lower. these numbers come in this morning on the heels o that have weaker than expected chinese inflation data and growing fears of inflation taking over the world's second economy, the news adding conviction by the decision by saudi arabia and russia to cut through september. they look to make up for the apparent demand. give us a sense. i want to go through the cuts russia and saudi arabia. saudi is extending 1 billion cut. russia 300,000 barrels what does that mean for the global market? >> i think the saudis have been very, very clear they're going to do whatever it takes to essentially get this o
the latest chapter in the down fall of wework just written.e'll have much more on that story coming up. >>> then later, getting ready for disney and what, if anything, this stock can do to get out of its recent slump. we have a very busy hour still ahead when "worldwide exchange" returns. stay with us ♪ >>> welcome back to "worldwide exchange." we're watching the price of oil this morning you see it's up. wti up almost 1%, brent crude just a tick lower....
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Aug 10, 2023
08/23
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. >>> still to come, wework's a warning is that their business is not where they're seeing red. >>> andney+ subscrcribers seeieing shakeupups. + subsbscri seseeing shakekeups. e neneuriva. ununlike some e others, neuriva plplus is a mumultitar supportingng 6 key indndicas neuriva plplus is a mumultitar of brarain health.h. to helelp keep me e sharp. of brarain health.h. neuriviva: think bigger. justst between u us, you know what's betetter than m mopp? anything!! ugh. anything!! well, i i switched to s swiffer wetetjet, and d it's awesosome. it's a an all-in-o-one, that a absorbs dirirt and grime e deep insidide. and it helelps preventnt ststreaks and d haze. that a absorbs dirirt and grime e deep insidide. wetjetet is so worth it. love it, or your money back. what if buildings could tell you how they c could be momore efficie? i'm m listening.g. well, wiwith ibm, you cacan use softftware toto help you u connect and ananalyze datata— from hvacscs to elevatators to lights.s. what if f we use ai-driven n insights toto pinpoint t inefficienen? yep. and a act on it.. savingng energy, m mone
. >>> still to come, wework's a warning is that their business is not where they're seeing red. >>> andney+ subscrcribers seeieing shakeupups. + subsbscri seseeing shakekeups. e neneuriva. ununlike some e others, neuriva plplus is a mumultitar supportingng 6 key indndicas neuriva plplus is a mumultitar of brarain health.h. to helelp keep me e sharp. of brarain health.h. neuriviva: think bigger. justst between u us, you know what's betetter than m mopp? anything!! ugh....
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Aug 9, 2023
08/23
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shares of wework, the office space sharing company, have plunged after it raised substantial doubt about in extended trading in new york. wework was hit hard by the pandemic as social distancing rules drove people to work from home in a trend that has continued. the boss of travel firm tui — sebastian ebel — believes climate change could prompt people to take their holidays in spring or autumn and choose cooler destinations. ebel said destinations such as the belgian or polish coast might become more popular. greece is usually one of tui's most popular destinations, but the firm warned july's wildfires in rhodes had cost the firm around 25 million euros. don't forget you can get in touch with me and some of the team on twitter. i'm @ v valentine news. i will see you very soon, goodbye. the residents feel left in the dark about the plans, especially the fact that the council has sanctioned the use of compulsory purchase orders, giving people the power to force them out. i giving people the power to force them out. ., giving people the power to force them out. . ., ., them out. i want some
shares of wework, the office space sharing company, have plunged after it raised substantial doubt about in extended trading in new york. wework was hit hard by the pandemic as social distancing rules drove people to work from home in a trend that has continued. the boss of travel firm tui — sebastian ebel — believes climate change could prompt people to take their holidays in spring or autumn and choose cooler destinations. ebel said destinations such as the belgian or polish coast might...
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Aug 1, 2023
08/23
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CNBC
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again, i do think that there are other properties out there which wework occupies or continues to workstartups these are not modernized, not in good shape, they're not competitive. if you take those out of the overall inventory numbers, the actual availability of what's really quality is greatly reduced. so that puts us again in a very positive position to receive the interest in service businesses, financial businesses it's a very broad spectrum from which with draw. >> are you saying this is more of a wework effect that the vacancies reflect the demise of that company or that approach to work more than the actual trend underlying demand for working in manhattan? >> so, manhattan, mid town manhattan is one of the strongest performing office markets in the recovery in the united states in the last quarter, according to the brokerage company statistics, number one number two, the wework effect, they occupied a lot of unimproved, poorly prepared office buildings and the fact that those vacated, they got added to the overall percentage of vacancy, they're not really in the market they're
again, i do think that there are other properties out there which wework occupies or continues to workstartups these are not modernized, not in good shape, they're not competitive. if you take those out of the overall inventory numbers, the actual availability of what's really quality is greatly reduced. so that puts us again in a very positive position to receive the interest in service businesses, financial businesses it's a very broad spectrum from which with draw. >> are you saying...
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Aug 9, 2023
08/23
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why are they such a good real estate company >> there's wework, down yet again.when you think about the capital that company consumed. >> david doesn't understand that when you have a stock that's at 15 cents and you have meme people -- >> going public as a spac. look at this >> the meme people could double that stock >> don't encourage them, please. what are you doing don't encourage that >> i'm not encouraging anybody >> they did cut it to neutral, jim. that could be one reason >> don't do that while i'm drinking celsius i just did a danny thomas spit take on this $7,000 suit does celsius come out? geez >> carl, did they see something they didn't like >> channel checks. >> it's always the old channel checks >> the other story in that realm is wheels up, getting a capital infusion from delta here looking. >> you know, if you want a wheels-up -- >> it's another spac, by the way. >> another meme stock. >> some high-quality spac'ing going on there >> you know what's one that i believe in i believe in blade, and nobody else does. >> well -- >> because they did the o
why are they such a good real estate company >> there's wework, down yet again.when you think about the capital that company consumed. >> david doesn't understand that when you have a stock that's at 15 cents and you have meme people -- >> going public as a spac. look at this >> the meme people could double that stock >> don't encourage them, please. what are you doing don't encourage that >> i'm not encouraging anybody >> they did cut it to neutral,...
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Aug 11, 2023
08/23
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is wework a meme stock, is the question.s, to be a true meme sock is short interest. there's a little bit, it's not excessive, at wework. stuart: okay. next case, walmart. now, i know they report next week. i believe, is it credit suisse or somebody on wall street, they've raised their price target to what? lauren: they say the stock's going up 12%, they put it at $180 a share. why? when walmart reports on thursday, you are likely to see a big increase in grocery market share. they have good prices on food, that's where folks are going to shop. also consumers, to save money, are not only shopping at wal-mart, they're trading down to walmart's private labels. they say that's a positive. and they have their membership program, walmart plus, a lot of free perks if you're a member. so they like all of that. the stock's not doing anything now, but hay do report on thursday. stuart: it's a down market and walmart's holding its own. lauren: good point. stuart: archer aviation, i think as i recall we've had them on the show. they we
is wework a meme stock, is the question.s, to be a true meme sock is short interest. there's a little bit, it's not excessive, at wework. stuart: okay. next case, walmart. now, i know they report next week. i believe, is it credit suisse or somebody on wall street, they've raised their price target to what? lauren: they say the stock's going up 12%, they put it at $180 a share. why? when walmart reports on thursday, you are likely to see a big increase in grocery market share. they have good...
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Aug 9, 2023
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we'll talk about wework now. the shared work space company wework saying there is substantial doubt now about its ability to continue operating. the company citing continued losses, cancelled memberships to its office spaces. wework's market cap tumbled below $400 million from a high valuation of more than $47 billion back in 2019 i'm not sure the $47 billion valuation is ever real private market valuation in sort of house day when nobody really understood what was going on in the world. >> rates were 0%. >> right the question was always whether the model on to itself made any sense, which is if you're going to make long-term -- they were leasing property from other folks on the long term and then locking you in on the short term could you ever make the math of that work? plus all the debt that had gotten put on top of it. >> yeah. >> and sounds like they're struggling what was so strange -- this was such a pandemic situation, this goes back to sort of what we're talking about eli lilly with pfizer yesterday ther
we'll talk about wework now. the shared work space company wework saying there is substantial doubt now about its ability to continue operating. the company citing continued losses, cancelled memberships to its office spaces. wework's market cap tumbled below $400 million from a high valuation of more than $47 billion back in 2019 i'm not sure the $47 billion valuation is ever real private market valuation in sort of house day when nobody really understood what was going on in the world....
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Aug 9, 2023
08/23
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wework was hit hard by the pandemic as social distancing rules drove people to work from home.he researchers behind a new global survey finding out just that, with some surprising results. that's just after the break. around the world and across the uk, this is bbc news. vmcsovsk: bbc news, - bringing you different stories from across the uk. # when i take my sugar to tea # all the boys are jealous of me. the blayze family are absolutely potty about teapots. they've spent of £250,000 on the biggest collection in the uk — everything from politicians to pop culture and some wild and wacky creations. i've got a favourite, which is a harley davidson teapot. it was made and i saw the man make it and i see how hard it was for him to make it. and your one is...? diana. because diana was my favourite person. people say. — "why collect teapots? " and i always say, j "well, why not?" there's so many different. weird and wonderful things and once people get into the museum . and they can actually see the different things that we do. - we got ones that are size of — this sort of size and w
wework was hit hard by the pandemic as social distancing rules drove people to work from home.he researchers behind a new global survey finding out just that, with some surprising results. that's just after the break. around the world and across the uk, this is bbc news. vmcsovsk: bbc news, - bringing you different stories from across the uk. # when i take my sugar to tea # all the boys are jealous of me. the blayze family are absolutely potty about teapots. they've spent of £250,000 on the...
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Aug 9, 2023
08/23
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earnings report the company also cited an increase in council memberships to its shared office spaces, weworknext 12 months will be focused on issues like reduced rental costs and increasing revenue. shares in the company are down 20% in after—hours trading. china has just released its latest inflation figures and it came inflation figures and it came in at minus zero this is the first time that inflation has fallen since the start of 2021, that was of course in the middle of the pandemic. earlier, i've spoke to professor prasad, the former chief at the international monetary fund china division and he explained of china could be facing a similar situation thatjapan saw back be facing a similar situation that japan saw back in the 19905. , , ., ., ., , 19905. the signs are ominous certainly. _ 19905. the signs are ominous certainly, right _ 19905. the signs are ominous certainly, right now _ 19905. the signs are ominous certainly, right now demand l 19905. the signs are ominous| certainly, right now demand is something very fast, we are seeing very little investment by the private—sector, eve
earnings report the company also cited an increase in council memberships to its shared office spaces, weworknext 12 months will be focused on issues like reduced rental costs and increasing revenue. shares in the company are down 20% in after—hours trading. china has just released its latest inflation figures and it came inflation figures and it came in at minus zero this is the first time that inflation has fallen since the start of 2021, that was of course in the middle of the pandemic....
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Aug 8, 2023
08/23
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wework said it'll be focused on issues like reduced rental costs and increasing revenue.sing its latest inflation figures in a few hours. economists think prices may have continued to fall injuly after being flat injune. unlike the rest of the world, china is experiencing a rare episode of sliding prices. japan's economy experienced this back in the 1990s earlier, i spoke to professor eswar prasad, the former chief at the international monetary fund's china division, and he explained what's behind the slowing economy. the consumer demand has been very weak, and when consumer prices have been flat, it's likely to show that we are in deflationary territory. no producer prices, the prices producers pay for imports of raw materials and intermediate goods, have already been falling and squeezing industrial profits. if we are not in deflationary territory, we are very close and i think we are very close and i think we will see an official confirmation closely. and other asian economy _ confirmation closely. and other asian economy that _ confirmation closely. and other asian ec
wework said it'll be focused on issues like reduced rental costs and increasing revenue.sing its latest inflation figures in a few hours. economists think prices may have continued to fall injuly after being flat injune. unlike the rest of the world, china is experiencing a rare episode of sliding prices. japan's economy experienced this back in the 1990s earlier, i spoke to professor eswar prasad, the former chief at the international monetary fund's china division, and he explained what's...
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Aug 22, 2023
08/23
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wework in both cases he bid them up too high in the private market for the public markets to value themignificantly lower. he may be running the same play book here once again in a private transaction. that is closer to an nvidia-like valuation than it is the broader chip space. >> yeah. when you look at -- people are talking and you said last night on "fast money" i believe it was, valuations somewhere between -- anywhere between 40 and 80 billion. that's a broad number. and their revenues are a little north of 2 billion. so that puts a multiple of sales really, really high. >> yes, that is certainly the case. then you look at all the risk factors as well. i outline the reason this isn't nvidia. this is a company that is very much tied to china. gets a lot of its revenue from there as well. it doesn't have any control over its unit there either. so that's a risk for investors. but you know, he has always been one to try to get as much value as he can. that hasn't worked recently. he needs this win. he needs this to be priced well to get out there. right now, though, it's look lag dicey
wework in both cases he bid them up too high in the private market for the public markets to value themignificantly lower. he may be running the same play book here once again in a private transaction. that is closer to an nvidia-like valuation than it is the broader chip space. >> yeah. when you look at -- people are talking and you said last night on "fast money" i believe it was, valuations somewhere between -- anywhere between 40 and 80 billion. that's a broad number. and...
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Aug 9, 2023
08/23
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wework, that's one company, and then ev battery company called proterra.ework warning about the possibility of bankruptcy, proterra going into bankruptcy. burlingame-based proterra built electric buses, sold a few hundred of them. the company went public through a spac. we've talked about those in the past. they've fallen way out of favor. proterra has about 800 employees. >>> the "washington post" this morning published an interesting study into whether it's cheaper to fill up an electric car with electricity or a gas-powered car with gas. the answer is if you're charging at home, so you can go to work and school, pick up the kids, grocery store, it's way, way cheaper to fill up an electric car, by far. the study also says it's cheaper if you're driving the family from the bay area to disneyland. the post looked at a number of cars, including the honda crv versus the tesla model y. public fast chargers are more expensive. only place you're not spending money was when you left california for a cross-country trip because chargers are much harder to find, mu
wework, that's one company, and then ev battery company called proterra.ework warning about the possibility of bankruptcy, proterra going into bankruptcy. burlingame-based proterra built electric buses, sold a few hundred of them. the company went public through a spac. we've talked about those in the past. they've fallen way out of favor. proterra has about 800 employees. >>> the "washington post" this morning published an interesting study into whether it's cheaper to fill...
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Aug 9, 2023
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softbank continues to be a big supporter of wework. of these flexible offices, but for we work, it is clear the company needs more restructuring before the company can get back on its feet. we will have to see what happens and how they turn things around going forward. yvonne: softbank itself talked about how they are looking at in production investments -- approaching investments. softbank beginning to invest again? >> it is significant that bayer kind of back into investing. they said they spent almost $2 billion in investing in the june quarter. compared to its peak, when in the past they spent $20 billion in the quarter, it is still a very small amount, so in that sense it is still kind of timid. it is still significant because they have been very quiet on all investments in the past few quarters, so hopefully, the expectation it is they will step up investing going forward cautiously. we will see what happens there. david: our tech reporter there for us in tokyo. let's pivot to singapore. they released the july inflation reports.
softbank continues to be a big supporter of wework. of these flexible offices, but for we work, it is clear the company needs more restructuring before the company can get back on its feet. we will have to see what happens and how they turn things around going forward. yvonne: softbank itself talked about how they are looking at in production investments -- approaching investments. softbank beginning to invest again? >> it is significant that bayer kind of back into investing. they said...
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Aug 10, 2023
08/23
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shares in wework have slumped out of the office space provider raised doubts about its ability to survive on wednesday shares that down by 38% to just 12 cents valuing the company at $200 million. they were valued as much as $47 billion and a plan share sale in 2019 before concerns of heavy losses and lapses in court. rome watered down its plans for a windfall tax. 0n down its plans for a windfall tax. on monday night the italian government passed a 1—off italian government passed a i-off 40% italian government passed a 1—off 40% tax on the profits that banks earn from higher interest rates. there was a shock move that saw shares plummet. it said proceeds would be used to help mortgage holders. the finance ministry said the tax would be capped at just 0.1% of assets. coming up, surf�*s up. however surge in tourism is helping to turn the tide for price —— crisis hit should blank up. throughout the world and across the uk, this is bbc news —— sri lanka. the weekly shop the long way around. no—one will deliver here so the residence have to take this route every time they want to get from the
shares in wework have slumped out of the office space provider raised doubts about its ability to survive on wednesday shares that down by 38% to just 12 cents valuing the company at $200 million. they were valued as much as $47 billion and a plan share sale in 2019 before concerns of heavy losses and lapses in court. rome watered down its plans for a windfall tax. 0n down its plans for a windfall tax. on monday night the italian government passed a 1—off italian government passed a i-off 40%...
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Aug 9, 2023
08/23
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wework slump, falling 24% in the u.s. after hours. company said in the earnings that there is substantial doubt about its ability to continue operating. not something you want to hear from a company. the co-working business sustained losses in canceled membership to its office spaces. as for what is next, we work says it will spend its next year reducing rental costs, negotiating favorable leases and increasing revenue. bloomberg has learned that -- as in banks -- is an advanced talks to take it private for evaluation of $6.5 billion. the billionaire chairman has been discussing a possible offer for the shares that he does not own any 37% premium at tuesday's closing hong kong. that chairman has lined up financing for the proposed bid including announcing a deal in the coming days if he decides to move ahead. it is credit card debt at the top of the morning. credit card balances now topping $1 trillion. delinquency rates of return to pre-covid levels too. this survey shows and appears to show stabilization but really shows how widespr
wework slump, falling 24% in the u.s. after hours. company said in the earnings that there is substantial doubt about its ability to continue operating. not something you want to hear from a company. the co-working business sustained losses in canceled membership to its office spaces. as for what is next, we work says it will spend its next year reducing rental costs, negotiating favorable leases and increasing revenue. bloomberg has learned that -- as in banks -- is an advanced talks to take...
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Aug 9, 2023
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wework is saying there is substantial doubt that the co-working startup will be able to stay in businessre bleeding cash and customers of its office rentals who are canceling memberships in droves. softbank dropped as much as four point 6%, the most since may when it reported an unexpected net loss for the quarter and refrained announcing plans to buy back shares. they are cautiously resuming investments to capitalize on opportunities in ai and emerging technologies. the u.s. commerce department has received 460 statements for projects seeking federal funds from last year's chips and science act. proposals will compete for some of the $39 billion in funding aimed at reducing u.s. reliance on asia semiconductor change boosting domestic manufacturing of chip technology. amazon is in talks to join other companies as an anchor investor in arm that could raise as much as $10 billion. arm is the chip designer that counts the world's biggest tech firms as clients and has held discussions, as reported, with intel and nvidia. joining us is tom giles. this is interesting. the obvious question, why
wework is saying there is substantial doubt that the co-working startup will be able to stay in businessre bleeding cash and customers of its office rentals who are canceling memberships in droves. softbank dropped as much as four point 6%, the most since may when it reported an unexpected net loss for the quarter and refrained announcing plans to buy back shares. they are cautiously resuming investments to capitalize on opportunities in ai and emerging technologies. the u.s. commerce...
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Aug 14, 2023
08/23
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what is the dance of wework? penny stock, a $.24 stock, a record low last week after there are concerns about being a going concern and managing to rally once again, this is uber technology. -- bloomberg technology. ♪ ed: time for talking tech, peter stern is getting a new start at ford, he was named president of the newly formed for integrated services where he will oversee software and services for ford's key models. he was in charge of apple tv+, mastercard is by a minority stake in africa's biggest wireless carrier. the size of mastercard's stake is not disclosed until the transaction is closed , mtm i use it at $30 million. elon musk is funding research group at the university of texas austin devoted to the study of population. we know where that money went, it must has been outspoken about the dangers of population collapse for some time. caroline: let us move on, we talk about the latest tiktok trends for a second. >> i had an entanglement with the doughnut, thank you. caroline: a new trend that users are
what is the dance of wework? penny stock, a $.24 stock, a record low last week after there are concerns about being a going concern and managing to rally once again, this is uber technology. -- bloomberg technology. ♪ ed: time for talking tech, peter stern is getting a new start at ford, he was named president of the newly formed for integrated services where he will oversee software and services for ford's key models. he was in charge of apple tv+, mastercard is by a minority stake in...
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Aug 14, 2023
08/23
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been invested in uber and it pulled out of that stake some time last year other holdings include weworkd the ride-hailing company in china. both reporting significant losses the investors are the main investors. you have uae and saudi pif the fact softbank wants to buy the last 25% they don't own in a.r.m. is an olive branch. what they are doing is allowing them to crystalize the gains on a.r.m. on the ipo and let them come and participate in future deals. softbank with struggle with the investors and they ended up backing it entirely. perhaps this is one way to keep in on the existing investor base and get involved in more deals a.r.m. is the bright spot of the vision fund portfolio. >>> it has been a strong year for tech stocks fueled from the a.i. rally the nasdaq has slipped 3% in the last 30 days posting the first back-to-back losses this year nvidia shares just reported their biggest weekly decline in 11 months. of course, still up 180% this year tech giants are betting big on the a.i. revolution with nvidia looking for a strong demand for chips and alibaba says this has only just
been invested in uber and it pulled out of that stake some time last year other holdings include weworkd the ride-hailing company in china. both reporting significant losses the investors are the main investors. you have uae and saudi pif the fact softbank wants to buy the last 25% they don't own in a.r.m. is an olive branch. what they are doing is allowing them to crystalize the gains on a.r.m. on the ipo and let them come and participate in future deals. softbank with struggle with the...
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Aug 9, 2023
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. >> what is it today, wheels up wework also warning bankruptcy i guess high rates and a weaker demandent impact a lot of companies robert, thank you. >>> tomorrow don't miss an exclusive interview on "squawk on the street" with the ceo of x which will be live from the company's headquarters a lot to get through with her including how she plans to bring back advertising in the business of x. >> and what has not been a great tape today, dow down 220, got the s&p eyeing the 50 day not quite there but certainly weakness in mega cap and tech. >> courtney reagan is in for the judge, let's get to post 9. >>> thank you very much, carl and sara i am courtney reagan in for scott wall ner we enter the critical 24-hour period ahead for your money. we will have a key inflation report on deck plus more earnings coming your way joining us for the hour is joe taranova let's get a check in on the markets. as we take over at the exchange we are seeing the lows of the session for the dow. you can see a noticeable down trickle in the last hour information technology, big cap stocks are
. >> what is it today, wheels up wework also warning bankruptcy i guess high rates and a weaker demandent impact a lot of companies robert, thank you. >>> tomorrow don't miss an exclusive interview on "squawk on the street" with the ceo of x which will be live from the company's headquarters a lot to get through with her including how she plans to bring back advertising in the business of x. >> and what has not been a great tape today, dow down 220, got the...
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Aug 9, 2023
08/23
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. >>> wework isn't sure it can stay in business the co-working space provider is facing losses in a tight cash pile amid major changes in the way people work. the interim ceo says the startup that was once worth $47 billion is now seeing fewer memberships and more churn the stock has fallen 95% since going public and is valued at around only $450 million now. >>> and amc is looking to expand its branded food offerings beyond popcorn to chocolate and gummy candies. the ceo of the theater chain says those new items could be at the concession stand by late this year or early next year amc will continue to sell other company's products but expects the higher margin candy will boost profits. back over to you. >> private label gum gummies okay i guess, why not pippa, thank you very much. >>> coming up, our call of the day, a big downgrade for one beaten down crowd stock. we will debate the call when we return nk's data... no big deal? go on... well, what if you partner with ibm and red hat, use a hybrid cloud solution to connect data across clouds, then analyze all that data with watson. okay,
. >>> wework isn't sure it can stay in business the co-working space provider is facing losses in a tight cash pile amid major changes in the way people work. the interim ceo says the startup that was once worth $47 billion is now seeing fewer memberships and more churn the stock has fallen 95% since going public and is valued at around only $450 million now. >>> and amc is looking to expand its branded food offerings beyond popcorn to chocolate and gummy candies. the ceo of...
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Aug 28, 2023
08/23
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public north of that, and the question is will the market agree with softbank because we can look at weworkhere they marked it up themselves and the market did not agree. charles: they tried to pull a fast one. i loved arm when it was publicly-traded. we were lucky to have subscribers in it when the deal was announced. you follow these names not just as incubators and ipos, throughout the market. i was looking at a chart from harvard. it clear outperformance by founder-led companies versus not founder led. founders add something extra, add something a little extra to the buy theory? >> i mean i think that people love a founder-led company that's doing well and you don't have to be founder-led. instacart, the ceo founder stepped down a couple years ago and they brought in an awesome woman from facebook who really helped drive up their ad business which is a massive part of their product mix. you don't think of instacart as an advertising business but it is so you don't have to be founder-led but the street, i think employees love seeing a founder who had the vision from day one ring that bel
public north of that, and the question is will the market agree with softbank because we can look at weworkhere they marked it up themselves and the market did not agree. charles: they tried to pull a fast one. i loved arm when it was publicly-traded. we were lucky to have subscribers in it when the deal was announced. you follow these names not just as incubators and ipos, throughout the market. i was looking at a chart from harvard. it clear outperformance by founder-led companies versus not...
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Aug 9, 2023
08/23
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wework warning about the possibility of bankruptcy, proterra going into bankruptcy. they built electric buses and sold a few hundred. the company went public through a spac. those have fallen way out of favor. proterra has about 800 employees. >>> the "washington post" published an interesting study into whether it's cheaper to fill up an electric car with electricity or a gas-powered gar with gas. if you're charging at home, it is way, way cheaper to fill up an electric car, by far. the study says it's also cheaper if you are, say, driving the family from the bay area to disneyland, you'll save money. the post compared a number of cars, including the honda crv versus the tesla model y. the savings isn't as much because the fast chargers, the public ones, on the highway are more expensive. the only place you're not saving money, the post found, is when you left california and crossed country. chargers are much harder to find and much more expensive. $27 more expensive to drive an electric chevy bolt than a toyota camry. these three people are going on a trip tomorrow
wework warning about the possibility of bankruptcy, proterra going into bankruptcy. they built electric buses and sold a few hundred. the company went public through a spac. those have fallen way out of favor. proterra has about 800 employees. >>> the "washington post" published an interesting study into whether it's cheaper to fill up an electric car with electricity or a gas-powered gar with gas. if you're charging at home, it is way, way cheaper to fill up an electric car,...
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well, shares of wework tumbling after the future of the company comes in serious doubt.cent. they disclosed substantial changes to the board of directors, they say there's, quote, substantial doubt about the ability to keep operating, sustained losses, canceled member ships for office space is the culprit for this. stock to watch today. a new cosmetic trend to tell you about, it's called brotox. men finally dipping into the $6.4 billion botox market. they're going to tiktok to show us the results. one upper east side plastic surgeon telling the new york post, quote, men come in more and more, they are a growing part of the practice. men want to look good too. 265,000 men got botox injections in 2021. a med spa owner says 20% of her clients are now men. hashtag, brotox on tiktok. maria: i like it. brotox. thank you, cheryl. all right. meanwhile, the judge in president trump's january 6th case scheduling a friday morning hearing on whether or not the former president can share evidence in the case publicly. trump slammed the justice department yesterday in new hampshire, a
well, shares of wework tumbling after the future of the company comes in serious doubt.cent. they disclosed substantial changes to the board of directors, they say there's, quote, substantial doubt about the ability to keep operating, sustained losses, canceled member ships for office space is the culprit for this. stock to watch today. a new cosmetic trend to tell you about, it's called brotox. men finally dipping into the $6.4 billion botox market. they're going to tiktok to show us the...
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charles: another one bites the dust, wework saying they can't make it. unmitigated disaster.these names, a lot of stocks were touted big time. they look vulnerable. there are a couple you want us to be wary, you are a little bit wary of right? >> i'm scared about zoom. the fact even they have given up on work from home and remote work and making their teams come back to the offices, that is not a great sign. i think that that's a company that might end up needing to sell itself if it can find a buyer. they're trying to roll out new features. they're trying to get into a.i. which would be intriguing but i don't know they stay solvent up. charles: how do we get this message out and nobody finds out. we need our workers to come back and stop zooming in. sarah, appreciate it. folks time for "money mail." we love getting this. a person loved, from the x, right? we have a person at the money show where i gave a speech. i moderated also a panel. we had some money making favorites. we had kenny polcari, keith fitz-gerald. jackie: lindsay piegza, one of my favorite. special book signi
charles: another one bites the dust, wework saying they can't make it. unmitigated disaster.these names, a lot of stocks were touted big time. they look vulnerable. there are a couple you want us to be wary, you are a little bit wary of right? >> i'm scared about zoom. the fact even they have given up on work from home and remote work and making their teams come back to the offices, that is not a great sign. i think that that's a company that might end up needing to sell itself if it can...
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Aug 18, 2023
08/23
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i think the one commission we weworked very hard over the yeas because it was so controversial and polarizingto confront conspiracy a little bit more directly especially with the one commission every month that we're going to be a tawdry exploitative. we have worked very hard. >> thank you very much. >> i had read since 2018 still over 60% of americans believe there's a broader conspiracy at play than lee harvey oswald. >> is a complicated story. during the morning. , the shock has the assassination of perez on live television it was just absolute life crisis one after the other bit down people do not understand that chaos and how we came through. >> you mentioned prior to hoovr most of these were unplanned. i was a born if you could shed some light on the 25th amendment ning for presidents who died in office with also the obligation to continue to provide governance to the american people. they i mean they managed to do both there was always the transition of power. i mean after lincoln edwin stanton probably had more power than than president johnson for a while, but the but the funerals we
i think the one commission we weworked very hard over the yeas because it was so controversial and polarizingto confront conspiracy a little bit more directly especially with the one commission every month that we're going to be a tawdry exploitative. we have worked very hard. >> thank you very much. >> i had read since 2018 still over 60% of americans believe there's a broader conspiracy at play than lee harvey oswald. >> is a complicated story. during the morning. , the...
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Aug 8, 2023
08/23
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wework plunging. they have sustained loss and canceled membership.office where the company has struggled for the past few years. cow pon, the south korean e-commerce company posting its straight quarterly profit after logistics an membership programs. you have the stock gaining almost 6%. we have more to come on daybreak asia. this is bloomberg. wow, you get to watch all your favorite stuff. it's to die for. and it's all right here. streaming was never this easy, you know. this is the way. you really went all out didn't you? um, it's called commitment. could you turn down the volume? here, you can try. get way more into what your into when you stream on the xfinity 10g network. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had
wework plunging. they have sustained loss and canceled membership.office where the company has struggled for the past few years. cow pon, the south korean e-commerce company posting its straight quarterly profit after logistics an membership programs. you have the stock gaining almost 6%. we have more to come on daybreak asia. this is bloomberg. wow, you get to watch all your favorite stuff. it's to die for. and it's all right here. streaming was never this easy, you know. this is the way. you...
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Aug 14, 2023
08/23
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>> looks like wework or wheels up or -- >> it's too small to talk about. >> is it now it wasn't whenarry sternlicht put $50 million in the pipe. i guess it is now. >> i had a tomato harvest last weekend that was so big that it was worth double country gardens and not nearly as levered, by the way. >> and you don't have to ship it >> it's already done he's not even laughing more ball jars >> i'm still amazed at some of the spacs. not amazed but this -- >> i had them on, it was a big mistake. >> 36 cents. >> walmart's going higher and higher with retail this weekend. >> i'm glad you brought that up, jim. >> when do they report >> this week >> wednesday >> why don't we be more specific >> walmart is thursday tomorrow is doeepot target, wednesday. >> there was a downgrade last week of a company called stanley black and& decker a lot of it was a veiled reference to home depot not doing well i point out there's a company called azek that has sold not exclusively to home depot and this is artificial decking, and they're having a great, great quarter, and i think that home depot is not look
>> looks like wework or wheels up or -- >> it's too small to talk about. >> is it now it wasn't whenarry sternlicht put $50 million in the pipe. i guess it is now. >> i had a tomato harvest last weekend that was so big that it was worth double country gardens and not nearly as levered, by the way. >> and you don't have to ship it >> it's already done he's not even laughing more ball jars >> i'm still amazed at some of the spacs. not amazed but this --...