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More on his life and story at oracle. And making the rounds a day after telling georgetown students and faculty he wont Police Political speech, Mark Zuckerberg talks to political outlets. What he had to say. First, our top story. Weworks valuation sinking lower. We have learned that softbank is putting together a financial play for wework. It may value the company below 8 billion. That is a fraction of the valuation it commanded as recently as january. Since its initial public offering, they have been considering plans from softbank and j. P. Morgan chase. A partner from manhattan vendors, and sarah mcbride, who has been tireless on all things softbank. What did we learn about this new valuation . Lower thans even expected, around 8 billion, and as you said, that compares to around 47 billion at the start of the year. A huge drop in under 12 months. You take a look at 8 b ....
Afraid. Alix the cotton crop is the most vulnerable now. In the markets, this is your job set up in the middle of easing from russia and china. Both of those contributing. Yesterday. Her continue to see some followthrough buying, up 0. 1 taylor the dollar is kind of back up 0. 1 . The dollar is kind of mixed. You had a sort of large selloff block in asia in the treasury market, so that exacerbated yields moving much higher, but crude all of the sudden off by 0. 2 . Off by 2 . Time now for the global exchange, where we bring you todays market moving news from all around the world. Going us from hong kong is bloombergs jeff black, tony ahrens in london, Francine Lacqua in italy, and Michael Mckee in washington. We want to start with china, where the countrys central bank announced it will cut reserve ratios for banks. Bloombergs jeff black is in hong kong. Put it in perspective ....
Livingstone, Deputy Director in our Global Energy center where i need to work on climate and advanced energy. Thank you very much for joining us here today. Its a terrific to see a full room, particularly amid the dark days of august when so many folks in dc leave for cooler or at the very least, less humid climates. It is surely a traffic registration of interest in this topic and before we get started let me give a big thanks to zach strauss and are Global Energy and art interns who are instruments and making today happen along with our talented medications and events team. They are truly a testament to the assets and professionalism of the Atlantic Council. Dive in to todays discussion by noting that not only are you here because youre fascinated by the narrativ ....
Future of the u. S. Economy. And given how stocks have been trading around the world lately, investors appear to more ncerned that the trade war between the United States and china will linger for a while, further damaging the Global Economy. All of that fueled another rally into the safety of treasury bonds, sending some yields to multiyear lows which some analysts say could be signaling a comingrecessio one strategist today went so far as to say that the wall street bear isnd alive kicking. That may be a bit extreme, but there is no mistaking how concerned the market is about the economy. By the way, toward the close, there was a technical issue with trading computers. Its not clear if all of the volume was reported or if som of the prices of the indexes were affected. You might see different numbers elsewhere, but these are the numbers we have at the close today with the do ....
Back now all i know is that that alarm is still its very early when it finally goes off thats hard to when your on vacation does your body clock still make your get up early 730, yeah. What is that three extra hours or something. Thats like a weekend for me. I think we both do that. You cant, after all these years. And i think ben franklin was on to something, i do im not missing anything with that latenight tv, right . And by late night i mean like 9 00. Weve got a lot to tell you about today. We want to get to the futures moves in just a second but i first want to show you how we got here. The dow dropped 390 points during yesterdays session fell back below 26,000 bond yields resumed their augustdown tuaugusdown turn the rate cut jumped sharply. Now its up to 100 in september. Thats the betting line right now. And 82 in october some people alt 55 now on recession. So i dont you guys got a feeling on that . I mean, does the yield curve mean theres a recession because is there anything ....