Snap is planning to roll out new Spectacles after its first version failed spectacularly. Cheddar senior reporter Alex Heath joins us to share details on what the company has in store. Snap will release a second version of its Spectacles this fall and is aiming to release a third version sometime thereafter. The second version will include performance improvements and the third will have increased camera technology. Snap had to take a $40 million loss on its first version of Spectacles due to lack of interest. An investor group strikes a last-minute deal to buy the Weinstein Co. The group, led by President Obama's former Small Business Administration head Maria Contreras-Sweet, agreed to buy the embattled company in a deal worth $50 million. In a statement, Contreras-Sweet said she looks forward to launching a "new company, with a new board and a new vision." This comes days after the Weinstein Co. filed for bankruptcy. Global markets are tanking on fears of a trade war following President Trump's tariff announcement. In the coming days, President Trump is expected to roll out taxes on steel and aluminum imports. Art Hogan, chief market strategist for B. Riley FBR and Wunderlich Securities, tells Cheddar this could mean higher prices for consumer products such as cars and beer. He notes this is bad timing for the tariff announcement given that markets have been volatile over the past few weeks. And we're talking eSports with Mike LaBelle, the New York Red Bulls' first official eSports athlete, and James Ruth, senior director of properties and events for the MLS. LaBelle will participate in the first eMLS Cup which begins on April 5, 2018. Growing up, LaBelle says his parents always told him he was wasting his time playing video games. LaBelle explains to Cheddar how much goes into preparing for an eSports tournament. Ruth says MLS has been working on this idea for a long time. 65% of MLS fans say FIFA helped grow their interest in the sport.
