newman. hi. both: good morning, mr. newman. hi. good morning, mr. newman. man, alice, i was stuck in traffic for an hour and a half. when's the meeting? um, it started already. what? can i go to the bathroom? go to the bathroom. i told you, you don't have to ask me. [groans] [whimpering] hmm. the interesting thing, prince habeeboo, is that the building codes in manhattan will allow us-- [door opens] michael. sorry, i'm late, sir. some moron in a red lamborghini parked in my spot so-- prince habeeboo drive red lamborghini. i... red lamborghini? i meant, uh, blue ferrari. is this one of your partners? actually, michael is just an associate. but he is one of our brightest young architects. thank you. would you like to walk his majesty through our design concept, michael? with pleasure. prince "haboobee--" habeeboo! prince habeeboo. ha-- habeeboo. i thought i said that. [clears throat] when mr. ammer explained to me the type of man you are... a visionary who prides himself on originality... [chuckles] ...i said to myself: "let's smash the mold and redefine eleg

adam newman has come under legal fire from a for more employee newman's former chief of staff medina a bomb under legal fire from a for more employee newman's former chief us. staff medina bharti has filed a suit against we work for what is being described as gender discrimination and drug party has filed a suit against we work for what is being described as gender discrimination and drug use bharti alleges that she recover received a lunch lower salary than her male peers use bharti alleges that she recover received a lunch lower salary than her male peers in the same role being paid less than half of one men in the same role received she's in the same role being paid less than half of one men in the same role received she also cited a legit incidents in which newman criticized her and others for taking maternity also cited a legit incidents in which newman criticized her and others for taking maternity leave finally the suit claims that newman smoked marijuana in front of a party during a tea leave finally the suit claims that newman smoked marijuana in front of party during a priv

joining the round table, hol hi are newman kroft. -- holly newman kroft. lauren, i want to start with you, what are we looking at in this week's baer ron's. >> we have a whole cover package on how to spend what you've managed to save. and we lead off looking at the role of dividends in a retirement portfolio, and we look at ways that companies which have helped employees set up 401(k)s and other ways of saving are now starting to help them withdraw money at the appropriate times whether it's through system mat ific withdrawals or adding anaughty product -- annuity product. jack: holly, you work with clients who face this or will soon. what's the big picture? what is the problem that they're trying to solve? >> i think the problem is how to manage yourself through retirement, have enough money so that you don't have to compromise your lifestyle in an environment where you have to build a portfolio that has some risk. you know, many years ago, 20 years ago you could have a portfolio that returned 7%, 100% in fixed income. you certainly can't do that today. j

out of newman engaged in self dealings before being ousted last month according to reports newman bought properties which he then least back to rework borrowed against his own stake in the company and had planned to charge we work $6000000.00 to use his trademark of the word week after the company rebranded itself though we company particularly when you're dealing with with new employees new numbers and a bunch of kind of people who are in charge of writing in there making billions of dollars usually that spills corruption word of the investigation comes as we work is preparing to slash its ranks by a 3rd potentially laying off about 4000 employees in the coming months this as new leadership scrambles to stabilize the failing startup according to the new york times we works executive chairman marcello clowder wrote an email stating these actions will make us stronger and better able to generate even more opportunities over the coming months and years meantime the office sharing company is also facing scrutiny from the u.s. securities exchange commission over whether it. highlighted finan

they're also vulnerable, obviously, on newman on self-dealing. did he -- he apparently leased office space that he owned, i mean, you know, he sold for a time. i think the brand we, right? liz: well, he had the -- >> trademark -- liz: -- trademark for it. >> but he paid them back for that apparently. liz: under duress. >> anyway, that's where we are right now. i will say this, tish james is running the new york state attorney general's office. she's got her plate full with google -- liz: juul, she's filed that lawsuit. >> she's investigating everything, right? if she really wants to go after newman and wework, she could crucify them more than the sec, and the reason why, people forget this. new york state has a law, blue sky law called the martin act, essentially an anti-fraud law passed many years ago by some dude named martin. gives the new york state attorney general vast powers to crack down on fraud. essential hi, the bar -- essentially, the bar to show intent on cases brought under the martin act is much lower than under the federal securit

i'll pick on him a little because i think he's the easy kid in the room to pick up adam newman only had a vision for growth he didn't have any vision for sustainability so when he kept talking about this rapid expansion of we weren't even go into the i.p.o. we just what it was rapid expansion and to continue to grow but at some point there has to be an adult in the room who says. injecting capital getting us there fast making sure we're not cannibalize all that is great but what is the business side of this that says this is our products and this is how we make money so that we have sustainability the reason that you have companies that have existed for so long you know these marquee companies like ford motor company those kinds of companies have had to make money over the years they can't just be companies that pop up and in a decade 'd say well we've never figured out how to make money if you can't figure out how to make money how do you ever play into to survive or to last that i think that's why investors are not backing away to say maybe we'll still inject capital will still ge

joining the round table, hol hi are newman kroft. -- holly newman kroft. lauren, i want to start with you, what are we looking at in this week's baer ron's. >> we have a whole cover package on how to spend what you've managed to save. and we lead off looking at the role of dividends in a retirement portfolio, and we look at ways that companies which have helped employees set up 401(k)s and other ways of saving are now starting to help them withdraw money at the appropriate times whether it's through system mat ific withdrawals or adding anaughty product -- annuity product. jack: holly, you work with clients who face this or will soon. what's the big picture? what is the problem that they're trying to solve? >> i think the problem is how to manage yourself through retirement, have enough money so that you don't have to compromise your lifestyle in an environment where you have to build a portfolio that has some risk. you know, many years ago, 20 years ago you could have a portfolio that returned 7%, 100% in fixed income. you certainly can't do that today. j

newman is visionary intent on saving the planet. finally the document came out, the document, it was a bomb. he had been self-dealing. he trademarked his own name and sold it to his own company. he put relatives in key roles, including his wife who could take control of the company. worse, wework was burning through billions, with no clear path to a profit. that did it. the public offering was canceled. investors fled. that was the moment when pie-in-the-sky startup dreams crashed and investors started to demand a profit. neumann he spent days with advisors working out his exit from the company. he walked with over a billion dollars. last week, i'm sorry, this week, the layoffs begin. reportedly 1/3 of the employees are on the way out. that is the sorry part of this story. that investors were so gullible that a visionary could confuse supposedly smart investors. when things fell apart the man behind the whole charade get as billion. the ground floor people that built wework are out on the street. scott shellady, still with us, do yo

after newman was forced to step down from the seat was. from the into. her. book due to internal pressure poor corporate performance and facing a shorter runway after failing. to raise funds the case comes on the garments and face a short runway after failing to raise funds the case comes on the heels of a major cash injection into we work from an investment firm soft bank who bailed out the heels of a major cash injection into we work from investment firm soft bank who bailed out the company and now company and mindshare kinder's troll all share. a way. away the streaming services is hitting the market as apple t.v. plus launches on friday with the deva streaming services is hitting the market as apple t.v. plus launches on friday with the debut of disney plus right around the corner and h.b.o. max expected in 2020 debut of disney plus right around the corner and h.b.o. max expected in 2020 but will both knew it will all these new options new and on not just to be enough you have to make it quit on a netflix like likes and has and little a little r g r g rat

vision without being adam newman. so what you're looking at is a lot of politicians on the left these days are asking for a corporate governance to be overhauled so that workers have a place at the board of directors table. that, you know, unions or other people have a certain kind of ownership stake in the company this kind of takes that theme and puts it out there in a more solid format for a company that's not yet as scrutinized because it's not public yet. but it could be more so if it ever does become one. >> well, i think wework also hit the market with a lot of lofty goals and visions for what the world should be like and making it better. and the employees that work there clearly bought into it so now, they're hoping that continues without adam newman there. and i don't think they're necessarily wrong to point out how much money he made off of this he's the founder but he walked away with quite a chunk of change and they have devalued stock options. they're wondering what their severance looks like they mentio

to be so rewarded at a time when they're downsizing a former we work employee is also suing over newman's parachute arguing that the consultancy payments are beyond comprehension given that the company's i.p.o. collapsed and the valuation plunged on his watch. tesla's days reveal is under the microscope as there was a bit of a hiccup during its reveal for the much hyped cyber truck design this week here to help us break it all down on what it means for the company and we welcome our t. correspondent. tesla c.e.o. elon musk said he wanted to try something different and that's exactly what he did so if you ever pictured a pickup truck this probably isn't what you expected now the design looks like it comes out of the movie back to the future and they even design an a.t.v. to go along with it the exterior skin is very strong and bulletproof and won't scratch but the breakable metal glass windows will they don't quite perform as well during the demonstration. from you try to break this glass please. sure yeah. well. maybe i was a little too hard. well that actually didn't happen just once it

pinera proposed laws that would toughen penalties for looting and rioting in america and tennessee newman reports from santiago. it's been 21 days of mass disturbances and demonstrations in chile and amid mounting criticism for not controlling the violence that often accompanies peaceful protests presidents have a stamping it addressed the nation with a series of measures. we want to announce a public agenda to strengthen public order and better safeguard our citizens security we've lived days of tremendous violence vandalism and delinquency provoked in most cases by groups of organized crime. the 10 point plan includes outlawing barricades and the use of masks and other methods to disguise one's face including andrew stevens the role of intelligence services and the use of helicopters dream protests among others. wednesday the uptown headquarters of the conservative party which is part of being it is governing coalition were attacked and ransacked. we are facing coordinated and organized groups who are acting in a directed way we need to investigate this so that we can find the leaders o

cash reporting over $1250000000.00 in losses for the 3rd quarter that's 3rd quarter 3 months now adam newman is 1700000000 dollars golden parachute for stepping down from c.e.o. of the company could be slashed as soft bank is looking to downsize the $9500000000.00 rescue deal bad optics for the ex to be so rewarded at a time when they're downsizing a former we work employee is also suing over newman's parachute arguing that the consultancy payments are beyond comprehension given that the company's i.p.o. collapsed and the valuation plunge on his watch. has those days reveal is under the microscope as there was a bit of a hit on what it means for the company and we welcome our take correspondents are months has sailed. tesla c.e.o. ilan musk said he wanted to try something different and that's exactly what he did so if you ever pictured a pickup truck this probably isn't what you expected now the design looks like it comes out of the movie back to the future and they even design an a.t.v. to go along with it the exterior skin is very strong and bulletproof and it won't scratch but the in brea

newman. let's give an idea of mr. newman b we will playe of him selling weworko group of u.s. mayors. >> we will create 200,000 jobs it can go bigger and bigger. we want to bring jobs, a place to live, we will bring education. we will bring corporate america. >> we get a sense of his charisma, hi energy,, the zeal he brought to these things. tell us more about adam neumann. >> he was raised on a kibbutz.am he from an unhappy home. he talks about that. he served time in the israeli military. he went to beirut and teed up with a guy from, who grew up on a commune in oregon. they founded we work and they wanted to create a company that they said ultimately would elevate the wooud's consess. i don't know to the degree it was sincere but they said they wanted to create a place that would revolutionize the together and spark creativity and create odd for an ownership. >> what he was doing was subletting office space but he sold it as a way to build a community, to change the nature of communities. >> correct. you will find a lot of people in wework spaces who still believe in this v

newman's live from berlin rob what's up next with business stick around for that. literature invites us to see people in particular that i like to see as the fine. might object to what. he does on you tube. hello this is balls speaking welcome to the show with. concerts. with the austrians give. and then incredible location. groups every week on g.w. . mall big spending at the dubai show boeing lands another order for its 787 dreamliner this time from carrier emirates on its home turf. finding a diamond in the rough indian jewelers are hoping to make the most of the fallout from the u.s. china trade war and it's nothing to sing about 20 business is underwater has gone to the makers in venice finding out. this is d.w. business i robots in berlin well come along the middle east's biggest ally emirates has placed an almost $9000000000.00 order for 30 boeing 787 dreamliner is the deal was signed off on intense talks at the dubai ash the planes will replace some of the emirates orders for the much delayed boeing triple 7 x.x. raf carry a earlier this week also use the s

[audio en inglÉs] borja: segÚn newman, la vendedora no identificada ya fue puesta en libertad. la policÍa dijo que el arresto fue respuesta a numerosas quejas sobre vendedores sin licencia en brooklyn. carolina: mucha gente dice que la policÍa debería estar enfocada en lo que pasa en la violencia del metro eran personas que se quieren el presidente trump participÓ en una ceremonia de celebraciÓn en nueva york para recordar a todos los veteranos del paÍs, mujeres y hombres que han entregado sus vidas para proteger a estados unidos. borja: segÚn el departamento de asuntos de veteranos en estados unidos son mÁs de 20.000.000 los combatientes de los cuales casi millÓn y medio son hispanos. carolina: michael benavides es un veterano de guerra del cuerpo pÉrsico y hoy estÁ marcando la diferencia. Él cruza la frontera varios dÍas a la semanapara alimentar a refugiados que esperan asilo polÍtico. nos y conectamos con Él en vivo. michael, cuÉntenos cÓmo le ha cambiado la vida a usted no sÓlo haber ayudado al paÍs y haber arriesgado su vida sino que ahora tambiÉn ayud

i was joined by lynn newman, the managing director for the american chamber of commerce in jakarta earlier, director for the american chamber of commerce injakarta earlier, and i asked what we could expect from the visit. i think the visit is significant in that we haven't had a visit from an american commerce secretary to jakarta in many, many yea rs. secretary to jakarta in many, many years. and the fact that the us has put this on his agenda, and he's coming with a delegation and business leaders the right message to the market and investors in ja ka rta to the market and investors in jakarta that the us is paying attention. we may see some progress on some of the issues that have held investment back from time to time in indonesia. you mentioned the senior delegation of business executives, his travelling with, of course. will be from boeing. how do you think the trouble will play out for that firm considering all the backlash it has faced over the crushes over its 737 max aircraft, one on an indonesian carrier? the tragedy of the lion air plan because with the boeing 737 max lingers o

softbank's ceo said he overestimated newman's good side, adding he should have known better. lauren: with wework and uber than a $6.5 billion hit for softbank. good news as the u.s. and china hammer out a trade deal but exactly how close are they. ashley: that's a good question. edward lawrence has more. good morning, edward. >> reporter: good morning, lauren and ashley. the feeling of goodwill between the u.s. and china over trade is starting to steep into the tariffs. people familiar with the talks telling us that china would roll back tariff as part of a trade deal. in an op ed, it says that cancellation of u.s. tariffs already imposed would be a necessary condition for reaching an agreement. the a anonymous writer is said o be close to the trade talks on the chinese side. the chinese have been working to get tariffs removed or repealed. the trade talks are starting to happen almost daily now and deputy level phone conversations, the two sides also trying to find a location to sign the phase one trade deal, once that language gets finalized. president trump mentioned iowa.

there is more trouble for we works ousted ceo adam newman. his former chief of staff filed a federal discrimination complaint against him and the company that she was demoted for be coming pregnant and ultimately fired. they said they will vigorously de fend itself against the claim. >> mcdonald's is going old school and celebrating the happy meal's 40th birthday from november 7 through 11 limited surprise happy meals will be offered with retro toys inside. 17 most popular from the hamburglar to mcfur by. >>> go to moneywatch.com. i'm diane king hall from the new york stock exchange. >> 4:45. dealing with a dangerous situation on here commute. cars speeding down highway 101 are being hit by unknown projectiles and police don't know where they are coming from. this driver's window was blown out and he wasn't the only one. chp says there were as many as nine incidents like this within 30 minutes on wednesday night. authorities don't know what is being thrown or who is involved. >> very stressed crying. couldn't believe they were still alive and

david: you are a partner at newman brothers and things were going well. then there was a problem, lehman brothers was sold. steve: that is right. i sold it to american express. in the training side of the firm there was a position taken in , the firm that really went wrong. david: you decided to join someone who had previously been the president of lehman brothers. he was eased out. that was pete peterson. he was also the secretary of commerce in the nixon administration. to start a new firm in 1985. steve: that is right. david: the firm's name was? steve: blackstone. david: blackstone starts. it was you and peterson. where did you get the money? steve: they did not require much. it was an advisory business. you talk and people give you money. david: you each put in $200,000. steve: the strategic plan for was, and we announced it in a letter, the m&a advisory business. first it required no capital. the second was going into the private equity business. david: you have never been a private equity investor before. pete said, since we haven't ben, we will go

. >> high on my bucket list for jack is i want to see him put victor newman through a wall. >> you want this chair? >> for 30 years i have lost every battle against him and it gets to you. >> have a seat. on me. >> but the love he gets from his on-screen family is real. >> he invites you to his house. he makes you breakfast. >> he's always at the top of his game, always. >> and what are siblings for if not for some good-natured ribbing. >> peter is a real hair aficionado. we fight for the mirror and i lose. he wins. >> he knocks people down for the mirror. on the mantle of the abbott living room there's a giant venetian mirror which he copiously takes over. >> there is one thing you don't do when you're acting with me. >> okay. >> i'll show you. >> yeah. >> you don't do that. >> that's what they said. >> you don't mess with my hair. it started as a joke and now has turned into a legend. >> is it serious? >> no, it's not serious at all. >> this is my life. i don't mind being recognized for it. i don't mind talking about it. this is my life. >> that guy is a legend. peter's special episod

merrill newman iraq. i can't or won't work with human kind to hire a camper. and here. in libya hashem says his family were also victims he was released from prison without charge after 18 months but for the next 3 years he was electronically tagged and confined to his home. he says life under one of the u.k. government's infamous control orders affected the whole family but this. morning. you will. certainly. under. the new euro. zone. if what they. say is true the british government didn't just help deliver people into torture but it also acted on this information by using it against libyans living in britain. according to cori crider such a process is bound to deliver flawed intelligence. this is the problem about joining hands with torturers because you think it is necessary is that maybe every now and then you get a nugget but by and large what you get is false it's just what somebody had to say to stop somebody beating him up. for crimes against the state. in 2010 when they were released in return for publicly promising to renounce violence. it was just in time fo

. >> reporter: bob newman said he'd considered going to the new restaurant in redwood city now. >> definitely. it's reasonable to go with what the majority of society wants, and it's time. >>> every day thousands of bay area families struggle just to make their rent or choose between buying groceries, gas, medicine. >> that's right. so kpix is taking up with whole foods market for the 11th straight year to feed hungry families this holiday season. juliette goodrich is live at the whole foods in walnut creek with details on how we can all help. it's a group effort. >> it's so true. there's so many ways we can help. we're here at the bay area whole foods market, and i'm joined by gary ramirez, the storm tale leader at the market, and fill us in. obviously we're in front of a barrel of nonperishables. >> yes, visit any whole foods market, bring in nonperishable items and deposit them directly into the barrels picked up by the food bank. >> reporter: and when you're going through the cash register you can do the same? >> yes, you can add a donation to your grocery bill or make a separate donation

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leverage the influencer community and consumers less familiar with kohlss since the closest store is in newman. while total sales disappointed in the recent quarter, home department sales underperformed the rest of the store thretailer is hoping the new property propertiew and nd by jonathan scott will get shoppers spending. it's the large multicategory home launch t relevant retailer has ever done. kohls has been more aggressive withhe comtitors with the holiday strategy. starting in july. and the black friday ad. daily deals for theim first t appear free for thes with santa as the retailer urges giftetives to srt. .r six fewe days between thanksgiving and christmas this year. for "nightly business report" >>urtney reagan in new york city. oming up, the real real, the world's largest marketplace for xury consignment says everything it sells is 100% the authenticated by a team of experts. but an investgation finds aea differentty inside the coany. ♪ ♪ ♪ ♪ uite wasover in the c the highest on record in october. according to the firm challenger gray and christmas. there were 172 ceoss le

and holly newman cross joins the panel on how you can create an income stream after retirement. the "barron's round table" starts now. ♪ ♪ >> welcome to "barron's round table" where the sharpest minds on wall street prepare you for the week ahead. i'm jack otter. we begin with what we think are the three most i

and the shale oil sector in america despite all the hype despite that like what you were saying about newman with we work where he's like we're going to hold the global commercial real estate like what you were saying about newman with we work where he's like we're going to only global commercial real estate market member all the headlines that america's like we produce way more oil than saudi remark i remember all the headlines that america's like we produce way more oil than saudi arabia where we're an oil rich nation you know like them foil field services fairy be aware we're an oil rich nation you know like them foil field services face crisis as shale slowdown worsens shell oil producers are under fixed crisis as shale slowdown worsens shell oil producers are under fire from investors while most analysts see a supply glut in 2020 the 1st and 3rd fire from investors while most analysts see a supply glut in 2020 the 1st and 3rd largest oil field service companies in the world saw their earnings hit in the 3rd quarter largest oil field service companies in the world saw their earnings hit

must make an alternating between 9 and this is 2nd eldest as the indian eminence i made what is good newman honest is that when you assume a demand on him and strengthen them in the face of ad understood the one in whom is it was this guy's missing that does place not in game one son plavix does does it answer how morris is still did isn't a name an awful this is a can conflict to end no and she just one must conflict but then demand was privileged enough. and demand lit me an example which haven't been doing it we're going over some thoughts i guessed and on past attempts mind on just assume most lengthiest least not in some of my. my the ng. alibi to makes me really furious when corporations are in. responsibly with people trying to find out the opposite i've been stabbed in a textile factory fire radioactive contamination after a reactor accidentally alyosha after a break in the demo and mining company there's no way into my. that's god's. is have to assume of. course one can say so as and have to. satisfy him. you're going on. the board the horizon the pause the rising does the kids kno

crew, newman, and they typically do fairly well during the holidays. they should be able to get to the other side. then you have some of the smaller knit guys. the bifurcation is wider tn it ever been. >> right. >> it's grand canyonque. you've got, again, t guys i talked about at the top, and i would add the off-price guys and the dollar stores that to that x. and then you've got everybody else. s there's soong names in there, but for the most part compete with the other guys at o the top. and the other guys have the ability to promote, to offer free shipping, to expand their warehouses, to deal with fulfillment, keep the stores fresh. that's a tough thing to fight. >> you called it a cwa list, wh is that? >> the cwa is the low of the end of oursc ratine and it's, you know, companies that we that's in the vernacular of wall street, that's deep spec e speculative grade deep high yield, way down the fchd n. >> got it. >> the investment grade starts a baa 3 and then there's bas below that. we're well into high-yield territory. d. very g charlie, i'll let

public holiday the demonstrations for social reforms are continuing for latin america editor lucien newman has more from chile's capital. but nectars fernandes are locking up their hardware store in downtown santiago after taking out everything with saving. the. little we had in this store but there hasn't been a single day without looting we've lost 60 percent of our income that if we have commitments bills taxes and salaries to pay i don't know how we'll manage. until 2 weeks ago chile was the envy of the region home to the so-called chilean economic miracle. but an explosion of social unrest has changed all that. while most demonstrations are peaceful who did an extremely violent groups all over the country have been burning and pillaging private and public property. that includes this emblematic public library that was just ransacked. until now the vandals have respected our center but yesterday they went too far they took the books and everything. the damage so far has well surpassed a $1000000000.00 according to the government tourism is also being devastated not just because of the

been killed and nearly 2000 others injured in violence in the past month and latin america editor lucy newman is in santiago.