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July 16, 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...
July 16, 2024
Fourth quarter bottomline estimates. We will break down the results ahead of disneys highly anticipated streaming platform debut. But first, to our top stories. Facebook continues to struggle to regain trust over how it handles user data. But that has become more complicated. There has now been a leak of internal documents suggesting business considerations outweighed those privacy concerns. It is something that facebook publicly touted when it decided five years ago to cut off tens of thousands...
July 16, 2024
Posted thirdquarter earnings that missed estimates. We also have details ahead. Hack away. The u. S. Government says russia, china, and iran will seek to meddle in u. S. Elections going forward. How vulnerable are we . We get opinions from ethical hackers in our electioneering series. First to the top story, all about uber. Shares hitting a record low. Actions restrictions lifted. Years largest u. S. Ipo are now down nearly 40 since its may debuted. For more, walter joins us with in new york. Wi...
July 16, 2024
Hack away. The u. S. Government says russia, china, and iran will seek to meddle in u. S. Elections going forward. How vulnerable are we . We get opinions from ethical hackers in our electioneering series. First to the top story, all about uber. Shares hitting a record low. Early restrictions lifted. Shares in this years largest u. S. Ipo are now down nearly 40 since its may debut. For more, walter joins us with in new york. With me in San Francisco, Lizette Chapman who covers the company for Bl...
July 16, 2024
On whether to support the impeachment inquiry against President Trump. Lets get you started with a quick check of the markets. We are seeing u. S. Futures Holding Steady after the s p 500 closed at a record high, taking out its july alltime high. We had trade optimism with President Trump signaling the signing of a deal may be ahead of schedule. At the same time, a heavy week for earnings. More than 160 Companies Reporting this week, about a third of the s p 500 companies. 80 of the around 200 c...
July 16, 2024
Media giantal disney beats Fourth Quarter bottomline estimates. We will break down the results ahead of disneys highly anticipated streaming platform debut. Stories. R top facebook continues to struggle to read and trust over how it handles user data. That has become more complicated. There has now been a leak of internal documents suggesting business considerations outweighed those privacy concerns. It is something facebook publicly touted when it decided five years ago to cut off tens of thous...
July 16, 2024
The ceo says it is part of the plan. He tells wall street to look for the long game. And, many state and local elections are taking place tuesday. In our electioneering series, we examine free speech versus falsehoods when it comes to political ads. To ban or allow . It is pitting facebook against twitter. First, uber tanked on tuesday after failing to prove itself to wall street. While the ridehailing app is projecting profitability by 2021, it did just not seem to be enough. Shares hitting a r...
July 16, 2024
House speaker blocked his bid for a monday vote. Its election day in canada. Prime minister Justin Trudeau looks to retain power but loses his parliamentary majority. Kathleen later on, Bloomberg Technology global link. We will discuss the bailout plan for wework as softbank is said to be taking control. We are taking a look at how u. S. Stocks ended today. A big day for the s p 500. A gain seven times of 1 . It gained to 7 10 of 1 . Over 3000. Importantly, it is getting close to its alltime hig...
July 16, 2024
Protesters in hong kong, saying the nba has acted like a subsidiary of chinas communist party. Bogard onn bulgari. We bring you our exclusive interview from shanghai. Shery later, we bring you more on amazons after hours stock plunge, but first, lets get you started with a quick check of markets. We see u. S. Futures unchanged at the moment after we sawtek shares leading the gains on the s p 500 which closed above that 3000 level. We had Semiconductors Leading the gains. The Philadelphia Semicon...
July 16, 2024
The big chief opens the door to rate cuts as he announces a new appetite for treasury and insists it is not the return of qe. Shery later in Bloomberg Technology global link, how washingtons latest salvo against chinese tech is the most lethal threat to beijings ai ambitions. Lets get you started with a quick check of the markets. U. S. Future slightly higher at the moment. This after the s p 500 fell for a second consecutive session, down 1. 6 . The dow also lost more than 300 point. Semiconduc...