Emergency use authorization to a new virus treatment using plasma from people who already had over 19. Its called convalescent plasma, it reduces the rate significantly in one big study. Investors love the positive news on the virus and with new cases in america trending firmly down we have a monday morning market rally, the dow industrial is up 270 points, s p up 28 and look at that nasdaq, were looking at again at well over 1 , 123 points for the nasdaq. This is very much a big tech rally all over again. Apple stock premarket, well above 500 bucks, Morgan Stanley says it will fight 20, 30 at 512 getting there fast. Look where it is now come up another 75 bucks, 2125. Will bring you the rest of the big tech news and a moment. Just as the republicans began their convention, joe biden brings blockbuster news about the virus, he told abc news that he would shut the economy down all over again if the Scientists Say so. If the Scientists Say a National Lockdown would save lives. Thats what
Joins me. Dent his new venture. And, the head of colibra, david marcus, joins us for an exclusive interview. Continues to, continues to captivate investors. Easing weoptions for works cash crunch. Continuedon the turmoil at we work is bloomberg s leon a baker who has been covering all the facets of the story. Talk to me about the softbank side of this. They are hiring some bankers with the restructuring. What are they hoping to get . It doesnt seem like there is an investment banker right now who is not on the we work situation. They are working with houlihan loki, soft , restructuring specialists. They want to make sure that the assets are ok, that they understand where the leases are, what is the value. They are brought on to help softbank figure out if it wants to plow more money into we work. The we work board has hired another boutique investment bank, advising Board Members on wework should take. Should they take a risky highyield bond package that j. P. Morgan is organizing . Tw
President joins me. His new venture. Lets Consumer Shop at home. And, the head of colibra, david marcus, joins us for an exclusive interview. We will hear from him live. First, our top story. Wework continues to captivate wall street and investors. Exploring options for easing weworks cash crunch. News trickled out that the Coworking Company lost its comedic asians officer who resigned last week. With more on the continued turmoil at wework is bloombergs leona baker who has been covering all the facets of the story. Talk to me about the softbank side of this. They are hiring some bankers with the restructuring. What are they hoping to get . It doesnt seem like there is an investment banker right now who is not on the wework situation. We have two new ones hired today. Softbank is working with houlihan lokey, restructuring specialists. Invested 10 billion in we work over the past two years. They want to make sure that the assets are ok, that they understand where the leases are, what is
San francisco this morning. All lanes remain blocked westbound 80 at powell street. Some traffic is being held offer on the east shore has been excellent. They really appreciate the military family freeway. No delays there. Your do you have time, 27 and it really shows. With all that usaa offers minutes. The rest of the because area pretty quiet with the exception why go with anybody else . Of some construction along the we know their rates are good, we know that theyre nbc4i. Com its freeway. Always going to take care of us. That is a look at your morning it was an instant savings and i should have changed a long time ago. Drive. Hopefully, better news for your it was funny because when we would call forecast. That is easy for the weather another insurance company, thank you. It will be just like yesterday. Hey would say oh we cant beat usaa yesterday what pretty good. Pretty much right on the mark were the webber family. For where we should be this were the tenneys were the hayles, t
Heading towards powell street. That is where all lanes are now open following that earlier fatal accident. Bay bridge toll plaza, you will see some delays now. We are see a back upjust coming off of 580 into the maze at this point. Much better coming off the east shore freeway commute. Drive time have improved as well. We are looking at 25 minute to go from highway 4 to the macarthur maze. Lets get us moinformation on how traffic is looking from jackie ward. Reporter it is actually way better than what we first got here. We are if he 50880 onramp at frontable road. Everything is completely clear now. A great image heading westbound. When we got here, this onramp was closed and there were no cars on this stretch of the east shore freeway. That is not the case and from what we can see, everything is flowing freely. So that is really good news on this friday morning. Jackie ward, kpix5. Lets get you out the door weatherwise. I want to hoe you a really god example of what the cloud are doi