WeWork renegotiates leases, expects to exit unfit locations

WeWork (WE) is renegotiating nearly all of its leases globally, and it expects to exit underperforming and unfit locations, according to a public letter by CEO David Tolley. The letter follows WeWork's warning last month that there was 'substantial doubt' about its ability to stay in business. Yahoo Finance Live's Seana Smith and Akiko Fujita break down the report and discuss the outlook for the company.