What to watch today: Dow to drop on earnings, Zuckerberg to testify and SoftBank's WeWork deal

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Dow futures turned lower after Dow stock Caterpillar sank on disappointing earnings.

as dangerous fire weather returns to California. PG&E could begin precautionary power shutoffs as early as this afternoon to about 189,000 homes and businesses in portions of 16 counties, mostly in the Sierra foothills and north of the San Francisco Bay Area. Texas Instruments forecast current-quarter revenue well below estimates, the latest sign that the global microchip industry is being squeezed by a downturn in demand as well as a prolonged U.S.-China trade dispute.

Whirlpool earned better-than-expected adjusted earnings per share, but the appliance maker's revenue fell short amid lower sales in Latin America.

 

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Softbank Wework deal.....

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WeWork's Adam Neumann offered package worth up to $1.7 billion to step down from boardWeWork co-founder Adam Neumann’s payout is the most stunning part of the SoftBank deal, The Wall Street Journal reporter Maureen Farrell says. Here’s why. Tl;dw The answer everyone is looking for when reading this is $1.7 billion. You’re welcome. I’d hold out for $2 Billion to get fired, nothing less Softbank should let wework go bankrupt and buy it back for a dollar.
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SoftBank takes 80% ownership of WeWork, announces $5 billion in new financing packageSoftBank has struck a deal to take control of embattled co-working start-up WeWork.
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