announcer: from our studios in new york city, this is "charlie rose." charlie: we begin this evening with the 2016 presidential race. speculation growing around the potential candidacy of vice president joe biden. in an emotional interview on late night with stephen colbert he questioned whether he has the energy to run. i do notident biden: think any man or woman should run for president unless number one, they know exactly why they would want to be president. and two, they can look folks out there and say, i promise you you have my whole soul, my energy

and my passion to do this. said that lying if i i knew i was there. charlie: joining me now is john heilemann, host of "with all due respect." he reported that the vice president met with a major campaign financier. joining us is cohost mark halperin. "facedickerson a host of the nation." i am pleased to have all of them here on this program. we begin with joe biden. the significance of the fact that you reported that he met bundler forknown barack obama who is supporting hillary clinton. john h.: robert wolf, a huge bundler for obama. to go with decided

obama and raised a lot of money and became very personally close that no onea way else in the business committee has. and a golfing buddy. he has written her a shot. he is not raised money to her. if you're thinking about possible defectors from the clinton donor world, he would be someone you might want to talk to. the vice president met with him in secret on friday. for 90 minutes. the way i describe it is the beginning of a courtship. vice president biden is not asking donors to sign up because he does not know if he is going to run yet, but he is starting to laying the groundwork for that conversation. and this is an audacious move by biden. he has not been out publicly himself. his campaign has talked to a lot of donors bit he himself has done a little bit of that, but to go and do this event. they wanted to keep it uiet and that did notnd

happen because of me. for him to go -- he has also been careful about not riling up the clintons. for him to go and meet with a goldplated donor. charlie: been unsuccessful. a move to a different kind of posture, more audacity on his part, and shows you that although he has not yet decided he is moving in the direction of yes and not in the direction of no. right now the momentum is for yes. charlie: mark, do you agree with that? mark: i agree he is doing a lot of things because he has his eye on the clock. while i think this is a personal decision and not political, -- he would need to raise money and as a an organization normal candidate, there is no doubt the people around joe biden have said to him there are certain things we need to do, certain things you need to do if this is going to be plausible, and he's moved in that direction. charlie: where is the clock?

mark: it is later than some people think. there is a debate in the middle of next month. i do not think he needs to be in that. this is a campaign about saying, i need to be ready if the democratic party needs me. if ican prove to people i am of better alternative than hillary clinton and bernie sanders, the party can turn to me even though i have gotten in late. even though i have not spent as many hours and days and i'll in new hampshire. think about joe biden when he first got elected to the senate. he faced a similar decision -- can i be a freshman united states senator after have dealt with a horrible tragedy of losing loved ones in a way that's wrenching? he faces the same decision now. then he'd been elected but he thought about not taking office. one thing i have been told is his sense of identity going back to what mark said about after his wife and daughter died. his sense of identity is built in part on what he said is

getting up, which he talked about with stephen colbert. the fact that when you're in such a state of grief that his mother and father, he gave two different expressions they both had about the duty to soldier on. that is a part of the biden identity, a part of what beau biden was about. and what beau biden was asking him to do when he said, when i am gone, i want to make sure you are ok. it is been described to me away in which beau biden and the sadness of his death are holding you back but they are also compelling him. thishat is a part of emotional picture. if you are trying to keep the flame alive of beau biden, you would soldier on in the face of that great. so, i think there is a push on a pull on the emotional site. : there are two things to build on what mark and john said. what the vice president believes now -- he talked about in the colber thing -- he they see has

a rationale that he can explain for why he wants to be president and why we he would be a better president than hillary clinton in a way she can never do. he and he would be better at the job and he thinks he can explain in a way that people will find real and that people understand she is incapable of doing. -- in a way she is incapable of doing. he thinks he's stil joe then, the fire for middle class and that he can talk about it in an authentic way that she cannot. he thinks that his moment is unique in that the craving for autistic -- authenticity is particularly acute. and he and the people around him look at the donald trump phenomena, and they say donald trump has gotten this far by basically telling it like it is. that not only speaks to the way one of biden's strength, but the fact that trump can get away

with making mistakes, that there are so much craving for authenticity that there is a greater tolerance for screw ups. as we know the vice president sometimes put his foot in his mouth. that is also a sign of the moment and the opening. on the emotional side, it is a push and a pull. and i actually think at this point the part that is pulling eau towards it it, the fact b wanted him to run all along. the fact that getting back up soothingmat and yourself through work and omission, those are very strong in him. the place that is pulling him back is the family. and he is an old school, a friend of his for many years said to me, said he is an old school, old fashion patriarch. he believes his fundamental duty of his familye could he looks at his wife, he looks at his sister, he looks at his widowed daughter-in-law. his grandchildren, and he is not sure that, even though they will say to him, it is ok if you run,

he is not sure they are actually ready to go through what it would mean to go through, and i think if he ends up saying no, the main reason will be because he felt that his main duty was to take care of them rather than pursue his political ambitions. charlie: i want to talk about two things. what is the risk if he goes and loses? mark: he would have run three times and lost. and he is a proud guy. i do not think is an incumbent vice president, you want to find yourself in that position. he does not know what he is going to do. it is hard for us to know, impossible for us to know. i think the reality is none of us would be surprised if he ran. i do not think any of us would be surprised if he did not run. if he runs, he's an underdog. he is in a better position than he was in 1988. and a better position than he was in 2008. so, his best chance to be president of united states. and i think that his vision of

not normal. its in the past, it was how much can i raise? he does not have to think of those terms. i think he is confident on the debate stage based on his performancein 2008. if you can get on the stage and get up enough of an organization to take advantage of the doubts about hillary clinton that he can win. i don't know how much this is a consolation of his, but i know a lot of people who care about him do not want him to run halfheartedly in a distracted way and lose. and there are a lot of people that care about him in the white ofse who feel that for all hillary clinton's vulnerabilities, she is still significantly stronger than he would be and are worried about of soldiering on, standing up, fighting, running, and then potentially not doing well at all. charlie: john dickason -- john d.: to pick up on what mark was saying, i heard a version of the same thing. biden is very well aware of

this. kind of sharper, painful part of the conversation that could take place if this became a campaign in earnest which is right now he is at the top of his game, if he were to not run for all of the reasons outlines, he leaves the field everybody wants more from joe biden and he ends on a high note. what i've heard from people inside the white house who really like him is that once you a conversation about whether he would be a great president, it starts to get ugly and hard pretty fast. the campaign does not go as he would like, then it ends on a sour note. and because they have his interest at heart, as they explained to me, that is why they worry about him launching into a full-fledged campaign. charlie: is it a doable deal? can joe biden -- and what are the odds that joe biden if he is all in, can win the nomination?

john h.: there is a little bit of beg shot prelature this. john, we alland i and accept the notion he gets in late. maybe he waits to november. he will not build an iowa operation. he is not going to be able to build a new hampshire operation. what they are focused on his south carolina. and they are focused on a scenario that looks like bernie sanders beats hillary clinton in iowa or new hampshire both. then you come to south carolina and biden is waiting. a wounded clinton and a sanders who is not cut out or well-suited to south carolina, they roll down -- and biden is the waiting alternative. a scenario where she lost or was severely wounded in the first

three contests now you have -- the really have a path for joe biden to win the nomination. but there is a bank shot quality pitching wins iowa, the whole thing is out of the window. charlie: what has happened to hillary clinton? the: she chose to get into race as the e-mail scandal was mushrooming. she could have put things off and try to deal with the scandal and the more effective way. that has dogged her. even though the polls are kind of mixed on whether voters think that should be an issue, she has got herself so yoked up in that and raising questions about her electability, her authenticity, her truthfulness and the two other things that are happening concurrently that. one is none of us expected bernie sanders to be the performer he has been. i mean that in the best of ways. his connection to voters, his ability to speak and honest way, in a heartfelt way.

then the mood of the country. where whatever your views of the anytons and bushes or individual members, a real disdain for the notion that the country would be left with a bush and a clinton as the major nominees in a time when people want fundamental change. the mostnk she's still likely next president of the united states because the republican race is so unsettled and we do not know who will emerge there, but her connection to this notion of, that she is an historic figure, qualified figure, an exciting figure has all been overwhelmed by the other factors. and e-mail scandal, managing it as poorly it's has forcedr, id -- her to engaged in a series of inauthentic acts. a variety of explanations that you not feel like you're getting the whole story. as peter baker said on "face

the nation." the most authentic thing is she did not want to answer why she had the separate e-mail system. it was not sustainable. so, she has the actual problem and what people have decided to think about that. then she has the fact that everything that is done outside of that looks like a stratagem to distract from the e-mail story, even if it is not. finally, there is no breathing room for her to launch a big speech about college affordability that might get people excited in a way that speech or a speech on that topic is getting excited with bernie sanders. charlie: is it possible the e-mail scandal will get worse? mark: it is true that the server has not been wiped, that there is more recoverable on that server then at first seen, we got thesically

impression it had been completely almost destroyed. those 30,000 e-mails that were deleted are accessible in some way by investigators, i think that is an avenue. charlie: this is an important question to reduce anybody know the answer as to whether, who has possession of the server and whether the server has been a wiped or b simply deleted? fbi has it. they are not doing -- they are doing a security investigation. they're interested in the question of whether classified her secret information got into the wrong hands. possible that congress will come after the server if it turns out they learn that there is eight on their. -- data on there. if the fbi determines that there was a breach on her system, i think that potentially makes it worse. i think some of the issues involving her staff could potentially make it worse. the release of more these e-mails month my month. and finally, this congressional testimony .

her history has been, when she's gone up to capitol hill, republicans have misplayed their hands and she's come away victorious. her team is confident she will do that again. i am not so sure this time. if i understand the way the committee is preparing, if i understand the way they are going to try to stage manage this, that may be a bad day for her rather than what her campaign hopes, which is a connected day where she stops their ability to continue to ask her questions. .: the big question we had around the stable months ago was what to schumer from the race in 2008? ago?veral months unfortunately for her, many of the things where work bad about her campaign in 2000 seven half replay themselves in 2015. many of the -- charlie: even though it is a different team. strength of your

campaign comes back to the strength of the candidate. reflected in the organization around the. that campaign to and how she ran 2007. the problems the democratic voters have with her. notpassion she did inspire. the said she was calculating and triangulating. ascension was operating as if she were the inevitable nominee and not someone having to work for every vote. many of the things of replay themselves now. last week, when you saudi stories about people at a campaign saying she will now project humor and authenticity. and stories about her campaign talked about focus groups that convinced her she had to apologize for the e-mail. those were reminiscent to me of which went out and announced her campaign to reporters she was going on a likability tour of iowa. who announces they are going on a likability tour? that rings of hollowness. again, she may turn out to be a

great candidate to she was a great candidate in the spring of 2008. she may get there now, but there are so many things redolent of that campaign last time. this goes to the point mark made. of democratict voters who worry in various ways about the e-mail thing, whether it will hurt her and the general election, may be questions of her honesty. but there are a lot of them who are not worried about that at all but still are worried about -- are not feeling the enthusiasm that you see on the sanders side for hillary clinton. i will say one less thing. in this washington post poll that came out today, a few months ago, 71% of democratic leading female voters in july said they expected to vote for clinton. that number is now down to 42% to that is 30 points among democratic leaning women. that is the core of her constituency and that is an alarm bell for her. charlie: that was the theme of for campaign. thank you, john. thank you, john. and thank you, mark.

we will be right back. stay with us. ♪

when fortune magazine publishes list of the most part for women in business in 1928 there were only two female ceo's in the fortune 500 or the women on this year's list range from captains of industry to pioneers

like angela aarons, apple's new head of retail. joining me for a closer look at the issue is pattie sellers, assistant managing editor of fortune magazine and the executive director of live content with time. she has been involved in the project since the beginning. i'm pleased to have her here. welcome. charlie.hanks charlie: this is become an institution. this is like what we used to think of as the fortune 500. it is now fortune's biggest brand. because weit is is produce this special issue each year. we have a lot of digital content and we have six events each year. isa time when print declining, events are a very good thing for media companies to be in. we do six events a year. we do our bit, most powerful women summit which you came to

with warren buffett a few years ago. that is in the fall. year.s come every he will be with us in october but we have most powerful women international in london, and hong kong to we have the most powerful women next gen because there were so much demand among younger women to try and get into the summit. we started out last year. it was a huge hit. so, it's become, little to be realized when we started this in 1998 that we were beginning of movement, but we were the first to market. now everyone is copying us. charlie: other than the list any event, what is it about? pattie: well, it is about celebrating women leaders. it's about informing the business community about women leaders who they might want to recruit, put on their boards. and, to me, it is almost very very much -- also

about humanizing these women who are not born leaders. they had to make the rare out and they have their insecurities and their vulnerabilities and we like to show that. we like them to be role models for young woman on the way up, because we hear from young women that they are very confused about how to navigate their careers. charlie: is there a consensus, or is it too broad a brush, to say here are the ways in which women ceo's are different than male ceo's? pattie: it is a broad brush but there is a lot of truth to that. women do tend to be more collaborative. women's brains are structured differently. charlie: how is their brain structure different? pattie: i am not a neuroscientist but there is a connector between the hemispheres of the brain. you're going to get me in trouble here, that is different in men and women. it allows women to both think of

multiple things and have multiple concerns at the same time. and it allows, it encourages women to be more both empathetic and collaborative. it's nature and nurture. charlie: that is why sometimes men, they will say about men, their femaleee side, whatever that means. pattie: that's true. a ceo that we were just talking about, tim cook, is very, one of the reasons at apple that he is so successful is that he has a lot of empathy and he has great collaborative skills. charlie: he absolutely does. of all the people surrounding wase, of which he hand-picked by steve to succeed him but all the people state. pattie: absolutely. charlie: and significant number

of others have stay there because of what he's been able to do. i was just out there. we were doing a piece. it is quite amazing as to how that company continues to look to the future, continues to refine its product base. pattie: it is amazing. and we have the first story here, the first exclusive interview with angela aarons. who tim cook hired. who would've imagined that the ceo of burberry would go to app their retail business which is the most profitable retail business on earth. highest margin retail business, but it actually, it had a few failures of leadership and tim cook was very creative in thinking of hiring a retail luxury star to come in and remake that, that business.

charlie: it was an inspired choice. but not an obvious choice. pattie: not an obvious choice. in fact, this wonderful story that my colleague did talks about how when angela aarons met tim cook for the first time, she said to him, "i'm not a t echie." he said, we have plenty of techies here. what we need is a real leader. and we need a culture carrier, which is what she is really all about. charlie: i mean, the new apple watch has a fashion component to it. pattie: it does. but i think johnny ives was the orchestrator of that recent hermes deal. charlie: the watch band. um, mary barra. ow. this is an interesting story for me of someone who came to power

and immediately faced a crisis not of her making. almost had to deal with one shhock after another -- one shock after another, calling on every leadership skill, every capacity to communicate she has. pattie: and she has done a fantastic job at gm. and she is our new number one this year. she displaced ginni rometty, the who has been number one on the list ever ginni romettyme, became ceo of ibm in late 2012. she has been number one on the list for the last couple years. she is doing a big transformation of ibm that involves sacrificing some revenues. she's had many quarters of revenue declines. barra has not had an

easy time and not gotten the stock up, but she has done a better job with the stock -- gm stock is doing better than ibm. we look very closely at the stock performance under these leaders. mary barra is in a way, charl ie, very sort of a classic female ceo appointment, because the history of big time female ceo's is to take the job when the company is on the brink. it's happened so many times before. it happened when anil k he took mulcahey. -- anne and she saved that company. carly fiorina who was our first number one on the list in 1998. charlie: when she was head of hewlett-packard. actually, when we

put her on the list in 1998, she was in charge of the biggest division at lucent technologies at a time when telecom was really hot. and lucent had just had the biggest ipo in u.s. history at the time, which was a $3 billion ipo which is small time now. but carly was this very prominent telecom executive, unknown to the world until frankly we put her at number one. we put her on the coverage or she got recruited to be the ceo of hewlett-packard the following summer. charlie: then they had a boardroom struggle. a boardroom had struggle, and she has taken a lot of flak for her leadership of hewlett-packard and having i have to say i agree that she was not a successful ceo there. charlie: first of all, there is donald trump making the case and then there was a column about this.

pattie: he did. interesting because i went, i remember going to lucent in the summer of 1998 when there had been one story written about carly fiorina in publication called " investors business daily." i heard about this woman who was supposedly very charismatic and very strong and she was 44 years old at the time. and i remember her walking in the room that day. and quite honestly, i was daz zled. i was dazzled. she had a charisma, she had a command about her, and she was, she was a very, very good marketer. and then, when she went to hewlett-packard, and she wages a very long, many month proxy bigt for compac, acquisition and she was fighting certain shareholders who did not

want the deal done, she went on a nationwide campaign, talking to investors, trying to sell them the deal. and looking back on it, it's so interesting, we saw what a good campaigner she was then. charlie: with what she is doing now. what is the story on ruth --? pattie: so, i did a story about google women past and present and featured ruth por at of porat the former cfo morgan stanley who left in may to become the new cfo of google. now she is the chief financial officer of alphabet, the parent company, too. and she spent her whole career at morgan stanley, but she wanted a change. and she is just so smart and a huge asset for google at a time of veryy had lost a lot

prominent women. sheryl sandberg went to facebook. marissa mayer left them -- to t take the job at yahoo! megan smith left google to become the chief technology officer of the united states. so, in terms of female talent, ruth porat is a big win. john mack played a role in getting ruth to google. charlie: the interesting thing, too, a whole bunch of issues involve women of which -- income disparity. is, i doe problem not know what the solution is -- the problem is greater than we thought. wethis issue and online, have a chart that shows all the bureau of labor statistics job categories. there are about, more than 100.

and you know, guess how many -- i do not know if you have seen it -- but guess how many jobs there are where women make at least as much as men out of 100? charlie: how many? pattie: two. charlie: i was thinking below five. pattie: two. so, the problem is even worse than we thought. and, you know, the counterargument to it is well women drop out, women take time out to raise their families and then they come back, but the real problem is -- and a lot of companies are working on this. google is working on this. andn do tend to be judged evaluated by the powers that be and usually the powers that be are male. they tend to be judged more ofshly by a narrowwer er band behavior than men are.

inrlie: a law schools business schools, there is an increasing number of women. pattie: more women than men graduating. charlie: this is a quiz. one of the star of this event is warren buffett. pattie: he is our highest rated speaker every year. charlie: why do you think women love him so much? pattie: you and i both know warren well. i think people love warren because he is without artifice. and he still lives in the same house that he lived in in the 1960's. truee shows the signs of a genius, which is he explains very complicated things in the most simple understandable ways. what is your theory? charlie: women love warren so much because warren loves women

so much. pattie: that is true. touche. you have got it. charlie: pattie sellers. back in a moment. stay with us. ♪

charlie: logan green and john zimmer are the ceo and president of lyft. they founded the company in 2012 to establish a radically

different concept of personal transportation. lyft is available in 65 cities in the u.s. and has 1000 drivers -- 100,000 drivers. the transportation revolution is upending traditional views on car ownership and the future of cities. i am pleased to have logan green and john zimmer at this table. welcome. so, my first question is, give us a sense of why you think sharingring and the economy has taken off? i think it is what happens with economic activity in general. we find efficiencies and better ways of doing things. specific to our industry, we have an asset that has become the second-highest household expense in the united states for the average american household. transportation. people spend more on their car than they do on food. that is crazy. that does not seem right. and the car is utilized 4% of its life. and so, we have this incredible opportunity to get cars out of

parking spots to get empty seats filled. and that is why there is this new economic activity. transportation needs to be more efficient, more economical and more what else? john: sustainable for the invite. pwc recently did a report on the sharing economy and it showed that consumers -- charlie: price waterhouse. logan: consumers now trust peer reviewed feedback more than they trust government regulation. and that is a major shift over the last decade. so, in lyft when you get out of the ride, you rate the drive one to five stars. and driver rates the passenger. and that is the core element reuse -- what happens with the drivers rating of the passenger? the drivers rating of the

passenger is averaged out. when each passenger opens up the app any driver sees that passengers rating. charlie: and decides to or not to take it. what is the economic model? logan: the economic model is we charge for rides based on time and distance. and at the end of the ride the passenger pays for it -- it automatically charges their credit card. 80% of that goes to the driver and 20% goes to lyft. charlie: were modeled after uber? logan: no. so, we started the company originally doing carpooling in 2007. and when we started lyft, evolving this idea into a mobile world. we started no one else had done rides on demand of personal vehicles. people have done it for limos, car service to

it we had to forge new ground with regulations, creating regulatory environments where you could use a personal vehicle. and we've also differed on the experience we created. the first tag line of the company was your friend with a car. part of that is creating inequality between driver and passenger, because long-term we want every driver on the road that is safe and gone through our background check, to be a lyft driver. so, when you are going somewhere you can earn money and get someone else were they need to go. charlie: was there a technology breakthrough that enable you to do this? john: the mobile phone. the phone is what enabled this whole business. the fact that every consumer and potential passenger when they step outside on the sidewalk has a phone in their pocket to request a ride and that every driver has a phone. and that sort of pervasiveness of this mobile network made lyft possible. charlie:? who are your drivers?

ofan: they're all types drivers but 80% of our drivers drive for less than 20 hours a week. most drivers have a full-time job or are looking for a full-time job and use lyft to save a bit for something extra on the side. our drivershalf of work in the creative industry. you have actors, writers, musicians pursuing their dreams and fitting lyft in when it works with her schedule to pay the bills. charlie: the whole phenomenon used to be waiting on tables. logan: it's the new waiting tables. driver's of lyft owner own business and use lyft as a way to pursue their dreams in starting a business. twom women in san francisco, pam and wendy, they were lyft

drivers. their dream was to open a south african restaurant. opening up the restaurant and the first customers were there early passengers. charlie: was this dream to create -- was this your dream to create your own company? john: yes. charlie: and you? agan: my dream was to create company -- we both came at this motivated by impact and create a huge company to change the way people travel is one of the best ways to the cop was it. -- to accomplish that. charlie: uber's value the last time i looked was $50 billion. what does that say? john: this is a huge industry and huge opportunity. in the u.s., consumers spent $2.25 trillion every year, u.s.

only on transportation. and the majority of that is spent on owning and operating a car. now, we are going through one of the biggest shifts in the model of ownership where today, most of that $2 trillion is spent on buying this two ton hunk of metal. it sits in the driveway under the hot sun and is not used most of the time. but we are shifting to a world of transportation as a service where you do not think -- need to own the car to get from point a to point b. charlie: where else does the sharing economy go to? logan: it is having major impacts on quite a few industries. airbnb is having an impact on housing and travel. finance. it's having, the sharing economy is having a major impact on finance. companies like lending club are changing the way people are

getting loans. charlie: which also had a huge ipo. what else? logan: i mean, everything from dog sitters to food. the sharing economy is changing all of the major industries, and even some niche industries. charlie: where do you want to take lyft? john: our vision is to create the alternative to car ownership. in our cities, people do not own cars. there are no parking lots in the city. there are no parking spots. in the u.s. there are for parking spots for every car. almost one billion. it is completely unnecessary. we want to open up our cities and at the same time bring people together. people are riding around in l.a. 1.1 people for car. people are riding around alone, angry in traffic. our ideal is that people come together, traffic goes away and cities are better places to

live. charlie: has the economic model changed since you have been in business? john: at the beginning, it has not really changed. there has always been 80% 20% split. at the beginning it was donation-based. is the way we started. charlie: how many people will be in this business? you have uber and lyft. is it going to be a two horse race? are other people going to find ease of entry? or have you become a person hertz?- avis and logan: in the u.s., there will be a similar to a verizon-at&t type opportunity where you have two places you can get a ride within two minutes. the way lyft is different is we focus on experience and we treat people better. and so -- charlie: how do you treat them better? john: with drivers.

what's that? choice ofhe drivers. john: 80% of drivers prefer to drive it lyft. they are getting treated better by the company and by the passengers. and how they are treating better by the company -- treated better by the company they are able to get tips in the app. our main competitors not allow that. secondly, because a lot of passengers sit in the front as an equal. them they much prefer being treated that way. good example of this is starbucks. so, starbucks, someone is selling a commodity of coffee. but starbucks has created an experience where the company invests and treats the barristas well. the barristas treat their customers well. charlie: where does ridesharing work well overseas?

are a number of large companies overseas in this business. there is one in china that works incredibly well. the numbers are staggering. so, lyft is doing one million rides a week in the u.s. in china they are doing 3 million a day. the scale is out of control. and the company in china has called d.b. they're there are successful backed by $.10 and alibaba. each continent or large countries have their own local player. in india, there is ola. charlie: do you have your eyes on an international market? logan: lyft will go international eventually. we're looking at partnering with other international players. we real focus now and where are spending most of our energy is going deep in the u.s. and running the use cases. charlie: what does that mean?

logan: most people take their first lyft when they're going out to winter. they had a couple of drinks or going to the airport. then what happens, particular for folks who live in cities is they realize, this is much more convenient way to get to work. instead of driving, circling, paying for parking, i am going to hop on a lyft, pay 5 bucks and get to work. faster and more convenient. servicelyft a better for that commuter use case, we launched a new service called lyft line. get mesh line, you'll with other passengers taking the same trip. 50% less. charlie: how is that working ? logan: working well. the majority of rides we do in san francisco and new york. charlie: what is it going to do to the taxi and limousine industry? logan: it is forcing those industries to evolve. inse industries have existed

a world without competition. the service levels have deteriorated because of that lack of competition. so it is forcing them to invest in technology and improve their level of service. charlie: can we miss a pellet is around the country -- can cities -- john: there have been attempts. i think these services are so popular among consumers that there's staying power. are responsible in the way we run our business. when we got started, we set up that we saw as the most stric criteria for background checks we had seen in any transportation business prio. r. so when regulator said, ehy, we want to create -- what hey, we want you to create our new rule over do not want you to operate. here is what you require for existing industries and here's what we're doing above and beyond the current requirements.

charlie: so, that would settle right? john: in the long run. there is some back and forth along the way. charlie: have you had issues in new york? john: recently, the mayor tirerd to put a cap on the number of vehicles with the rationale that it would reduce traffic. charlie: he was committed to the taxi industry because if they -- they had supported him. john: the interesting thing is that everything logan and i have been working since 2007 with to eliminate and reduce traffic. so that is actually what we are fighting for. and we're excited about demonstrating that to people like the mayor of new york. charlie: do you want to be in any other businesses, because of what you have learned here? logan: so, we want to expand, we want to make transportation less and less expensive so that people can afford to use lyft for every trip imaginable. so with lyft line it is now

cheaper to take lyft line for every single trip in san francisco or new york than owning a car. and that is a huge, huge change. so, people who are signing up for lyft, we recently did a survey. sayabout 45% of lyft users they got rid of their car or thinking of getting rid of their car because of lyft. charlie: how often do you have a relationship in which somebody is a commuter to new york and they say, i want a car to take me to my office everyone at 7:00 and for me back every night at 7:00? is that a typical customer. logan: that is extremely common. and one of the sort of core pieces of our technology is understanding exactly when and where each request is going to come from so there is a car positions and available so when you wake up in the morning -- charlie: but that is what your

software gives you? logan: exactly. charlie: did the notion, it's clear, that the international market is so huge. obviously, a lot of the expansion of uber has come overseas, and it was very aggressive by travis. is that, is there a negative to that? john: i think when you look at the market share uber has international -- it is very small. usually single digit in most of these countries. larger domestic companies in this business. uber's actually not doing very well internationally. charlie: demographics. who takes you? who lyft uses lyft -- uses lyft ? the so that his extended to a pretty broad -- the lendale

optimist. -- a millenial optimist. on the driver side, over 30% of drivers are women. that number has been historically 1%. charlie: a driver makes how much a week? john: depends on the city. charlie: take new york. john: it is about $1000 a week. charlie: san francisco is different, more or less? john: san francisco and new york are high compared to the average. charlie: and you see that, what do you see changing about the user experience? john: i think, again, to logan's point about use cases. you mentioned taxis beofrfore. our sites are changing car culture. logan just had a kid. i'm about to have my first daughter. i do not think they will drive. i do not think they will own a

car. so, the experience will evolve case afterone use another to the point where it is strange to own a car and strange to park. charlie: what is the partnership with starbucks? john: one around providing transportation to their partners which are there barristas. we also have a presence in their app and potentially in their store going forward. charlie: so you can do what? store will allow you to be connected to their website or connected to the app? john: as you take lyft, you earn stars. and you get coffee. and howard schultz cares so much about how he treats, how starbucks treats the baristas. one of the big problems they are

trying to solve is how you get into open up a starbucks at 4:00 a.m. in public transit is not running? lyft can be the solution to that. lyft is like an express bus from door-to-door that can help get the baristas in to starbucks every morning. charlie: thanks for coming. thank you for joining us. see you next time. ♪

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