adam neumann submitting an offer to buy wework for $500 million he has been looking to control wework>> and citigroup is announcing final layoffs. citi aims to trim the work force by 20,000 in the next two years. >>> governor ron desantis signing the social media bill which bans accounts for kids under 14 and requires per permission. >>> and game storm's biggest gain since december. >>> shares of digital world surging as it prepares to merge with trump media the company will begin trading on the nasdaq today under the ticker djt. >>> and moelon musk is requiring all employees to install the devil-driving system it automates driving on all highways, but requires the driver's attention at all times. >>> we will have data on durable goods and earnings from mccormick and gamestop the markets will try to balance back from the losses yesterday look at futures right now. we are seeing futures close to the highs of the morning the dow would open 80 points higher joining me now is degas wright good morning great to see you >> frank, great being on with you. thank you. >> we're looking for a po

there's the current manager led by david tolly, and then there's adam neumann, wework's founder, wholutionize the second largest asset class in the world, commercial real estate, regardless of all of those faults so one activist battle, wiffle, behind the scenes operator versus founder. and according to wework's bankruptcy filing last november the largest unsecured claims come from the banks in the form of debt and real estate companies in the form of unpaid rent there is of course a softbank in all of this, wiffle, which still has wework on its books. and that is a very interesting question who would masa-san want running this company would it be adam neumann who he's already given a ton of money to and lost a ton of money or an operator who i don't know, won't have as good of a chance to bring this anywhere close to its glory even before the billions of dollars of investment from softbank >> it probably comes down to whether neumann can still spin a story like he used to and masa-san if he's learned from his mistake or not where would this funding for neumann potentially come from?

wework co—founder adam newman has reportedly moved to buy the troubled office sharing company.e than $500 million for the firm according to us media reports. wework was once valued at close to $50 billion. it filed for bankruptcy in the us last november. in the last hour, sri lanka's central bank will announce its latest rate decision. the south asian nation is still recovering from its worst economic crisis in decades, after defaulting on foreign debt in 2022. colombo is in the process of getting bailed out by the international monetary fund. last week the bank approved the third instalment of $3 billion. during the crisis, prices in sri lanka rose as much as 70%. the inflation rate has eased to around 6% but the economy still faces issues in the months ahead, says ganeshan wignaraja from global think tank odi. the economy's indeed recovering. inflation is down to about 6% and the exchange rate is around 300 rupees to the us dollar. and there is also foreign reserves — extra 2.5 billion and tourism numbers are up. this is really due to decisive measures by the wickremesinghe g

wework was once close it —— was once valued at 500 billion dollars. —— $50 billion. bank is due to be in session to review the cost of borrowing. the country is still recovering from one of its worst economic crisis in decades, after its first foreign debt default back in 2022. colombo is in the process of getting bailed out by the international monetary fund. last week the bank improved the third instalment. during the crisis, prices rose in schleicher as much as 70%. the inflation rate has eased to 6% but the economy still faces issues in the ahead. ganeshan wignaraja from global think tank odi. inflation is down to about 6% and the inflation rate is down 600 new to the us dollar and there is also foreign reserves extra 2.5 billion and tourism numbers are up. this is really judicious decisive measures by the government with indian and the government with indian and the imf programme but there is growth that is needed for the economy to come out of this crisis and to be able to pay off its debts and exports are also needed and that is a big challenge going forward.

what happened here >>> in business news, adam neumann submitted a bid of $500 million to acquire wework out of bankruptcy a source familiar with the matter said the bid could go up $900 million neumann was ousted five years ago. he has been trying to find a way back ever since. >>> citigroup says it is in the last stage of the overhaul after shrinking the work force by 5,000 employees since september. in a memo, the ceo told employees that the largest round of staffing moves including reassignments and departures would be communicated to employees from monday to thursday of this week. shares of citi are up more than 40% in the last year >>> florida has passed a new law that bans people under the age of 14 years of having social media accounts regardless of parental content that requires social media companies to close accounts believed to be used by minors under 14 minors who are 14 or 15 could have an account with parental consent. >> i don't know how you enforce that >> if there are -- it will never been 100%. if there are i implications i don't know what the consequences are >> could

we wework is undergoing restructuring efforts to emerge from bankruptcy in the second quarter.alphabet, google and meta risk potentially heavy fines as the e.u. launches investigations into their compliance with strict new digital laws. the bloc is looking into instagramming facebook fees. the firms face potential fines of up to 20% of their global revenues for repeated breaches. annabelle: senior executives in finance, technology, health care are gathering in hong kong for the milken institute's global investor symposium. coanchor of bloomberg's the china show," david ingles is there for us. you have a big lineup today. david: we do. we have actually curated the specific people who will be speaking with here today in fact on that very point the timing of u.k.'s coming to me here could not have been more perfect. if you squint your eyes and pay attention a bit further, the pied piper of gathering people at this business conference with the proverbial chime is coming around right now which goes to show we will get started in a couple of minutes or so. in fact, our first guest, j

the ceo explained the dynamics in the co-working industry and how the company fails to rival wework.> the demand for what we are doing is going up as more and more companies want to change. they are looking for locations that are closes to where people live. suburbs and rural locations. we talked a few weeks ago about doing 2,000 locations across the uk. it's a coverage play. it is not about capacity in central london where the wework locations are which are central in new york. there could be oversupply. >>> coming up on the show, bad apple. eu slapping the giant with a 1.8 billion euro fine for breaking streaming rules as brussels' scrutiny of big tech firms heats up. why choose a sleep number smart bed? can it keep me warm when i'm cold? wait, no, i'm always hot. sleep number does that. can i make my side softer? i like my side firmer. sleep number does that. can it help us sleep better and better? please? sleep number does that. 94 percent of smart sleepers report better sleep. and now, the queen sleep number c4 smart bed is only $1,599, save $300. shop now at sleepnumber.com hi,

wework co—founder adam neumann has reportedly moved to buy the troubled office—sharing company.for the firm. that is it for now. goodbye. hello from the bbc sport centre. it'll be a nerve shredding night in cardiff as wales take on poland with the winners going to this summer's european championship. both endured difficult regular qualifying campaigns up to the playoffs, but last week wales comfortably dispatched finland 4—1, while poland thrashed estonia. the wales manager, rob page, had been under intense pressure, but his side has responded well and they now stand on the brink of their third successive euros. it would be a great achievement for us to qualify, and in the manner in which we have done, you are always going to get bumps on the roads during any campaign and we had one in the summer, but what pleases me is the reaction since then, unbeaten in seven matches, and to play

the hedge fund controlling the company has not committed to selling wework to a third party. >> the ceo of boeing says he is stepping down at the end of the year in a major shakeup at the troubled airplane manufacturer. david calhoun told employees in a memo, quote, the eyes of the world are on us and i know we will come through this moment a better company. the company's chairman and head of the commercial airplane unit are also leaving the company. this all comes amid increased scrutiny on boeing following multiple incidents involving poor quality or workmanship on their planes, most notably when a door panel blew off a brand new alaska airlines 737 max plane in mid-air in january. >> we should be able to be brought under control. i'm hoping the carriers have the backstop of excellent maintenance programs to provide the comfort of the public. >> the faa paused boeing's expansion of its 737 max planes and found that the company had quality control issues with manufacturing parts handling and storage. boeing has until late may to give the faa its plan for improvements. coming up on ktvu

>> yeah, you know, i think the failure of wework was, even though they it was a disaster behind the scenesith their, you know, their and how they administrated their business and kept the books, they still proved that a demand for a new type of office work was there. so it all comes down to flexibility. and while co-working is not new coming out of covid, i think we are seeing that this is probably the best time for, co-working to maybe grab hold. and that's space that is ready to use. because even though office rents are lowered now, if you sign a traditional lease, you still have to furnish the space set up your internet, and it's a multi year commitment which people aren't ready to make. >> and can we talk about the esthetics and the appeal of such a space? i mean, for those who like hanging out at ikea just to get inspiration, then there are certain conveniences, right? so tell us about the features, the amenities, the atmosphere. >> right. so first and foremost, what stuck out to me is that it's an appealing place to hang out. you know, we've all seen those beautifully staged rooms th

wework is undergoing restructuring in the second quarter.le, google, and meta risk heavy fines as the e.u. marches against strict new laws. the digital markets act as well as new gravity. we will have more to come on we will have more to come on "daybreati. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. haidi: raking data crossing the bloomberg when it comes to consumer confidence, confidence falling by 1.8%, falling to the gauge of 84. if you break that down, consumer sentiment at 84.4 is a contraction of 1.8% month on month. a decline of almost 1.5% versus a year ahead. also a decline of 1.5%, expectations on the economy seeing a fall for the year ahead, at a significant contraction of 4.5%. looking little bit better when it comes to looking ahead. this coming in light of float was strong labor market data last week, that reposition some of the expectations around the rba suggesting they are in no rush to have to cut rates

weworked and we proved that we could continue in times of difficulty like this, that we continue forwardtem in place in 1800, they would leave this building, move to the current capital in, washington, dc. adams and jefferson would have another difficult election at that. this time jefferson winning and he would be the first president inaugurated in the new capital of washington. but these years ladelphia are setting the tone for the rest of our early history and all the way up to today. the rot out as a courthouse. so this would have been a courtroom. but around the time this building finished construction, it's actually being built during the constitutional convention. so when they're finished, construct seven is around the time that philadelphia offers it to the us government. i think secret hope is that if we're really nice to them they'll just stay here and not go to that new city along th ■g potomac. so they them their new courthouse building and they end up actually expanding it little bit to make more room for congress. wep looks like this. we actually have a seating chart from o

. >>> and adam neumann facing an uphill battle in his bid to buy back wework.who was ousted from the company three years ago has offered to buy the company for 5million it receives interest from third parties on a regular basis and is working in the best interests of the company, frank. >> all right silvana, thank you very much. >>> all right, coming up, apple looking to pull a u-turn on its very rough start of the year take a look at the chart shares down 11% year to date the key event that could determine the stock's next steps. we're back in just a moment. >>> welcome back to "worldwide exchange." time now for your morning call sheet. we start with western digital giving an $80 price target the company's uniquely positioned to outperform given the number of tailwinds that could drive sizeable upsides to estimates. >>> citi cutting its price target for tesla to reflect recent data points a i head of tesla's q1 delivery release. and kdw saying while it's enthusiastic about the stock, they believe it's set for a consolidation phase. >>> turning to papple, getti

wework is currently undergoing restructuring. jonathan: a round of applause for adam neumann. lisa: he won the pandemic. jonathan: he won the bubble era. he wants to buy back again. lisa: at a discount. be a rock star. he exudes that feeling. jonathan: walking around in no shoes and socks, floppy hair. lisa: you understand. jonathan: up next, a trial date set for donald trump. pres. trump: i don't know how you can have a trial like this in the middle of a presidential election. this is election interference. jonathan: that conversation is next. ♪ [alarm beeping] amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. why not? did you forget something? my protein shake. the future isn't scary, not investing in it is. you're so dramatic amelia. bye jen. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in prospectus at invesco.com. jonathan: a small bounds on the s&p 500. -- a small balance on the s&p 500. trial date s

i don't think you are in a wework responding to emails. i want to know how it started., too. she's had some training in dance. but it didn't work out the way she wanted it, either. but i want to know what happened before, after. i don't know enough. >> greg: i don't know enough, either, and they want to know more. michele, you are a veteran sportscaster. you should also agree with me, this woman is in the best shape of any crazy person i've ever seen grade could she have been an athlete that got dosed? >> michele: it's possible. actually did the postgame interview with her and i said, "what happened?" she said, "i was high." [laughter] she was hanging out with hunter biden. [applause] what i want to know is where the other woman got that stick, and -- >> tyrus: they are palm trees. it's venice beach. >> michele: anyway, she is quite athletic. i must say i am envious of her physique, the one on the left. the blur-81. >> tyrus: they are both blurred! >> michele: i've seen a lot of crazy things in venice beach. this may be the craziest. >> greg: venice beach used to be a p

just from the corporate side you think of theranos, wework, etc.es or countries that actually have a genuine growth culture? >> microsoft is a very good example. everyone likes to give the example for everything. in this case it is a real fit because -- was inspired to talk about microsoft at the first growth-minded company. he and kathleen hogan really worked to build that culture of growth through everything that they did. and from those resource allocations and strategy work that they did came cloud computing, which made microsoft put back on the map and has actually made them much more resilient in times where tech stocks have been in downward trends. we've seen microsoft. another example in the news today is nvidia. we see nvidia looking at the ecosystem of ai today and trying to figure out which startup should they invest in to really understand and learn how to improve these ai-enabled chips? answer the question is do you want to invest in startups that have a culture of genius, or are you going to invest in startup that have a culture of ro

you go back and look at coin base's performance after its ipo, you look at what happened with weworkues. maria, it is good to see there's risk appetite, it is good to see. when an ipo comes out, it is a risk-on move for the market so i think that's good. i just feel like retail investors probably should kind of sit tight, see where it goes, and make their decision later on as to whether or not they want to get in. maria: talk about risk-on. what do you make of bitcoin, mark, surging above $71,000 for one bitcoin this morning. this is an all-time high right here, mark, 71,678. what is behind this move? i know that bitcoin etf certainly was part of it but it's continuing. >> yeah. and you're seeing just more and more continued demand for crypto and maria, i want to tell you, i am not a crypto bull by any means. i'm not a bitcoin bull but i buy some every week. i think it's a great you diversification play, i think it's a hedge. there's a lot of people in other countries worried about their governments confiscating assets. take venezuela as an example and this would be a hedge against t

. >> the former ceo of wework is attempting to buy the office sharing company back for more than a half dollars. adam neumann co-founded the company, growing it to a $47 billion valuation. but the board forced him out about five years ago after a failed ipo attempt and mounting debt, according to the wall street journal. neumann is bidding to buy back the company. it is not clear how he plans to handle the financing of the proposed offer. >> still to come celebrating women's history month, we introduce you to a group of female winemakers supporting each other in livermore valley. also, how bard is paying tribute to an artist whose contributions have largely gone unsung and the last week of march is now underway. >> as we go live, take you for this live look outside on this monday evening. it's still a little chilly and a little breezy outside, and more rain is on the way. our chief meteorologist, bill martin, will update the bay area forecast coming business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the

. >> we work for the american people but not the democratic party the wework for the american people. when he does, he is lying. >> or he's throwing out taunts against governors. again, like a child. like a five year old. i guess people who vote for him like petulant little brats. i don't know why. they don't let their kids acts like petulant little brats. maybe they want a president who is a petulant little brat. and why he was saying things were better in 2020 than in 2016. as we have said time and again, that is a complete lie. border crossing, illegal border crossings were at an all-time low, or a 50-year low under barack obama and joe biden in 2016. 2017 when donald trump got into office, that is when the border crisis really exploded. >> again, donald trump is no longer a blank slate. this is not 2016. there is a crisis at the border, he had four years as president to do something about. it he controlled washington for the first two years. both houses of congress. he didn't build the wall he promised. he didn't do any of these things, which speaks to the idea that, of course, he

the former ceo of wework is attempting to buy the office sharing company back for more than a half $1nn co-founded the company, which grew to $47 billion in valuation, but the board forced him out five years ago after a failed ipo attempt and mounting debt, according to the wall street journal. neumann is now bidding to buy back the company, but it's not clear how he plans to handle the financing of the deal. >> our time is 449 tech analysts say the growth of artificial intelligence is having unintended consequences. one is it's draining the power grid. tech companies behind these ai programs need large amounts of data centers to help train their software, and it requires a lot of electricity. >> you can have chatgpt, for example, be able to talk to you like a human, a human being. we had to first train it to be able to do that. so that requires a lot of electricity, making it possible for you to just go on your phone and ask chatgpt anything that also needs electricity, because it has to be on standby 24 over seven now to help manage that growing demand, some tech giants are trying t