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BLOOMBERG Bloomberg Technology July 13, 2024

Will a driverless fleet give truckers more time at rest stops . First, to our top story. Start says job cuts will this week. They said cuts will improve efficiency and accountability. Bloomberg has learned that about 2000 jobs have been eliminated s global 60 of wework workforce. Ellen huet joins us with more. What do we know about these layoffs and their broader strategy of slimming down, if you will . Ellen it seems, based on this new memo that the executive chairman sent this morning, it goin...
United States New York Hong Kong Leanna Baker John Legere John Leger

BLOOMBERG Bloomberg Technology July 13, 2024

We will hear from qualcomm Ceo Steve Mollenkopf on the race to 5g. First, nasdaq climbing to a record even as the dow sank following disappointing reports from retailers. Some big tech names leading the way on nasdaq were facebook, broadcom, and tesla. Reports that u. S. And chinese negotiators may link the size of tariff rollbacks to terms set during talks in may. I went head over to new york where Bloomberg Cross asset reporter Sarah Ponczek is standing by. Are we ignoring the trade headlines ...
New York United States North Carolina Ben Brody Emily Chang Bloomberg Taylor

BLOOMBERG Bloomberg Technology July 13, 2024

Give truckers more time at rest stops . First, to our top story. Wework says job cuts will start this week. The struggling Office Sharing startup said that cuts will improve efficiency and accountability. Bloomberg has learned that about 2000 jobs will be eliminated, some 16 of weworks global workforce. Ellen huet joins us with more. What do we know about these layoffs and where it fits into their broader strategy of slimming down, if you will . Effort that has been going on in bits and pieces b...
New York United States Hong Kong New South Wales Leanna Baker Ben Brody

BLOOMBERG Bloomberg Technology July 13, 2024

Considers a doordash considers a listing instead of an ipo. We will hear from qualcomm Ceo Steve Mollenkopf on the race to 5g. Climbing to a record even as the dow sank following disappointing reports from retailers. Some big tech names leading the way on nasdaq were facebook, broadcom, and tesla. Reports that u. S. And chinese negotiators may link the size of tariff rollbacks to terms set during talks in may. I went head over to new york where Bloomberg Cross asset reporter Sarah Ponczek is sta...
New York United States North Carolina Ben Brody Kathleen Hays Emily Chang

BLOOMBERG Bloomberg Technology July 13, 2024

Shares are down in after hours trading. We will have a report. And, libra grilling. Facebook Ceo Mark Zuckerberg is anticipated to face lawmaker questions on the social networks controversial cryptocurrency on wednesday. We cover what to expect. First, our top story. Snap fell as much as 10 in late trading after reporting thirdquarter earnings. The Company Reported revenue and user growth beating analyst estimates. It has been boosted by an increase in downloads to the revamped android version. ...
New York United States San Francisco Facebook Taylor Leanna Baker Mike Mayo

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BLOOMBERG Bloomberg Technology July 13, 2024

And, libra drilling. Facebook Ceo Mark Zuckerberg is anticipated to face lawmaker questions on the controversial cryptocurrency on wednesday. We cover what to expect. First, our top story. In latel as much as 10 trading after reporting thirdquarter earnings. Revenue and user growth beat analyst estimates. It has been boosted by an increase in downloads to the revamped android version. Questions remain about longterm monetization. Someone fromng in bloomberg intelligence. I have a chart here that...
New York United States Hong Kong San Francisco Facebook Taylor Leanna Baker

BLOOMBERG Bloomberg Technology July 14, 2024

An antitrust probe overload. The u. S. Justice department launches its own facebook probe. This, as the social network is already the focus of a federal trade commission investigation. But first to our top story, pellet gun falling as much as 9. 5 after raising more than 1 billion in its u. S. Initial public offering. It is the latest unprofitable startup to struggle in its trading debut, but the ceo john foley remains upbeat about pelotons future. s jason with Bloomberg Kelly at the nasdaq. Joh...
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KPIX KPIX 5 News At 530PM July 14, 2024

Concert . You dont know until you see your favorite band in there. There is a lot of things we dont know. This building says a lot about how sports and entertainment have changed over the last couple decades. This building is very much of the moment. San francisco has a new arena and the Golden State Warriors have a new home in case that hasnt sunk in yet. It is spelled out on the court for you. I hope we accomplish what we set off to accomplish. The building is smaller. 18,000 seats compared to...
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BLOOMBERG Whatd You Miss July 14, 2024

Significantly. That brings back the question of, how do you unwind that trade . Makeine he really did clear that they are trying to work with the fed when it comes to trade. Lets get a deeper dive into the action. Ill start with you, abigail. What are you watching . This may come as a surprise. One area that has outperformed is ems. The emerging market index, outperforming in a huge way the s p 500. The same thing for the russell 2000. It seems shocking that they are not selling off more. But th...
New York United States Hong Kong North Carolina Republic Of Taylor Riggs Caroline

CNBC Closing Bell July 14, 2024

The yield curve inverts again, the fifth time in the last week but stocks are shrugging it off. Weaker than expected manufacturing data and this season of retail volatility continues sharp moves in the stocks with more earnings movers coming in the next hour. Watching signals of the Federal Reserve. Philadelphia fed president harker throwing some cold water on any imminent rate cuts. In december i was not supportive of the increase i was supportive of the decrease somewhat reluctantly this time ...
New York United States United Kingdom Jackson Hole South Korea James Anderson

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