We dig into the details. Digital currency regulation. Adam pozen of the Peterson Institute weighs and on whether Central Banks should be issuing their own guidelines on cryptocurrency. Netflixur top story reported thirdquarter earnings on wednesday, the shares stopping in after hours trading after International Growth eased investor worries. The streaming giant also talk to earnings per share projections. New subscribers did fall short of estimates. Revenue went to 5. 2 billion. Bloombergsbring in lucas shaw in los angeles. Shares rising 10 in the postmarket. Is it really the new subscribers overseas that are allaying our concerns . Lucas i think the story is investors were worried netflix was going to have another bad quarter. They disappointed in the second. They added a few million customers, fewer than analysts expected. One analyst i spoke to this week said sentiment was awful. Instead, they come in around expectations. They missed in the u. S. , but were above internationally, an
And, microsoft stopped making phones years ago, and now its back with a new model that will run on googles android system. Is now the time to get back into the slowing Global Smartphone market . But first, to our top story. On monday, wework pulled the plug on its ipo, at least temporarily. The new coceos of the Office Space Company say they want to focus on the core business before going public, which they still plan to do sometime in the future. Wework has been burning through cash and is now planning thousands of job cuts. And will put some of their business is up for sale. Bloombergs kurt wagner spoke to wedbush analyst dan ives and bloombergs ellen huet, who covers the company. Ellen it is official. The ipo will be put on hold. So they said this morning theyre going to be pulling it, that confirms a lot of the reporting we have had in the last week or two, which is that the ipo is unlikely to happen in 2019, likely to be pushed until next year. So theyre going to be spending the n
Really solid quarter. Beats in equity trading. Joining me is bloombergs sonali basak. What is the bigger stand out for you . Sonali this is five straight quarters of outperformance. They are doing a good job, while also investing in digital and growth. Likeeturn on equity, i that number because we can compare across all the banks. That is a lot far behind jp morgan. But they can lean on the consumer for growth, and their Net Interest Income in light of the Interest Rate expect asians we have for the rest of the year are Holding Quite strong right expectations we have for the rest of the year are Holding Quite strong. Alix they are factoring in just two rate cuts. Sonali their outlook is going to be very important. Jp morgan premuch told everybody it is not a big deal for the end of the year. Jp morgan pretty much told everybody it is not a big deal for the end of the year. Investment banking up 27 year on year. Advisory fees were up. Debt underwriting up. Equity underwriting a little s
We break down the numbers. And microsoft stopped making phones years ago and now its back with a new model that will run on android. Is now the time to get back into the slowing Global Smartphone market . But first, our top story. Work pulled the plug on its ipo temporarily, saying they want to focus on the core business before going public, which they still plan to do. They have been a burning through cash and now plan thousands of job cuts. Wagner spoke to an analyst and bloombergs elliott hewitt, who covers the company. It is official. The ipo will be put on hold. Theyred this morning going to be pulling it, that confirms a lot of the reporting we had in the last week or two which is that the ipo is unlikely to happen in 2019, likely to be pushed until next year. To theyre going to be spending the next few months with these new coc. E. O. S showing wall street were cutting back on expenses, making changes, the company is no longer a company with this wide variety of businesses along
Productions. We will break down all the numbers for you. And microsoft stopped making phones years ago and now its back with a new model that will run on googles android system. Is now the time to get back into the slowing Global Smartphone market . But first, to our top story. On monday, wework pulled the plug on its ipo, at least temporarily. The new coceos of the Office Space Company say they want to focus on the core business before going public, which they still plan to do sometime in the future. Wework has been burning through cash and now plan thousands of job cuts. Kurt wagner spoke to an analyst and bloombergs alan hewitt, who covers the company. It is official. The ipo will be put on hold. So they said this morning theyre going to be pulling it, that confirms a lot of the reporting we have had in the last week or two which is that the ipo is unlikely to happen in 2019, likely to be pushed until next year. So theyre going to be spending the next few months with these show wall