the conference report is adopted. without objection the motion to reconsider is laid upon the table! >> close but not done yet. the senate passes the tax reform bill, but a procedural glitch sends it back to the house for another vote likely today. >> after eight straight years of slow growth and under-performance, america is ready to take off. with this tax reform, america is ready to start performing as it should for a number of years

the eu's top court rules that uber is a transportation service, not just a digital provider the company says it won't change how it operates in most countries. enerthe innogy ceo resigns a profit warning and more pain for steinhoff, shares plunge again as the retailer faces a credit squeeze after accounting troubles. uber is a taxi company, so says the europeanjustice after a landmark ruling. the definition of uber as a transportation firm rather than a tech company means it will have to comply with european transport law and regulations in eu member states

the app has responded by saying it does not believe the ruling will change how it operates on most of the continent and says it agrees to regulate services such as uber we are joined by peter woodhouse. does this indicate uber has to be taken off the road as you have indicated in the past >> i don't think it needs to be take be off the road it has to focus on regulatory requirements there are further wrangles dealing with employment field and the working status of drivers. this is a slightly separate strand there's another battle that they have to face >> in the uk they faced pressure from the transport regulator here in the capital city of the uk over whether they will be subject to these regulations while uber is in the eu, is the

uk one of the most challenging markets for them >> the uk is a challenging market i don't see when the uk comes out of the eu that the regulatory environment for a company such as uber will significantly change many of the regulations are imposed internally, not externally in any event. so, yes, it's tough. i think it will change post eu brexit >> do you think regulator also jump on this decision immediately then >> i think the regulators across europe have been watching closely. i'm not anexpert on law outsid the country. i would anticipate that regulators and many other european countries are going to be pleased with the results. and they won't be able to regulate in further detail what uber and related companies do in the marketplace. >> what does the decision mean for the relationship between uber, contractors, employees >> they're going to have to be,

i suspect, rather more tentative. i think my own personal perspective from what i read in the media is that uber has been trying to engage more increasingly positively with the regulators and the people who drive for them they present themselves as a business that is advantageous to all. they may now need to focus on actually demonstrating the benefits for all, rather than the owners of the business >> is this essentially now a pr battle that they'll have to wage more effectively than in the past under new leadership? >> yes under all this, one has the understanding that uber provides a service that the market wants. so i suspect both sides of the debate will have something to

say. >> peter woodhouse, thank you. let's look at trading across europe looks flat across the board. you can see green matching quite nicely with red. the stoxx 600 down very, very, very slightly so far this morning. we look at the specific markets across the continent, we can see ftse trading up slightly, as is the xetra dax in germany the cac and the ftse mib trading slightly into negative territory. we look at the sectors to see what's going on. basic resources are up strongly, as are autos you can see that telecoms are down almost a third of a percent across the continent so that seems to be one of the major drivers of that flat market in terms of balancing things out let's talk about tax bills in the u.s. the senate passed the 500 pa page 1$1.5 trillion republican tax bill by 51 votes to 48

the result was met with a muted response by tired senators as all republicans present voted yes and all democrats voted no vice president mike pence and steve mnuchin watched over the vote which protesters disrupted on several occasions speaking after the decision, mitch mcconnell said it represented the start of a new economic era in the united states >> after eight straight years of slow growth and under-performance, america is ready to take off. with this tax reform america is ready to start performing as it should have for a number of years. >> mitch mcconnell as excited as ever there that unemotional response to the vote in the senate contrasted with the house of representatives. but the joy was short lived, a procedure issue means everyone will have to revote today or

tomorrow paul ryan said how important he thought the vote was >> here's what it will take to get america back on their feet here's what it will take to help people struggling. here's what it will take to get the economy out of the malaise for the last decade to hit true growth we're doing it today this is the greatest example of a promise being made and a promise being kept >> as to how that promise is being received by the public in the united states, a new poll shows just 24% of americans believe the republican tax plan is a good idea 41% think it's a bad idea. a strong majority expect the bill to help wealthy people and corporations rather than the middle class. portuguese bond yields crept up slightly after hitting the lowest level in 2015 after a two notch upgrade from fitch it lifted the credit rating to triple b fitch cited portugal's shrinking debt to gdp ratio as a reason

for the shift, which means the country is poised to return to major government bond indices. essentially this is mostly about successful debt management by the portuguese authorities, isn't it >> it's not only that. it's successful debt management but there are three areas of credit that we think improved a lot. public finances, they have improved but not only that, also external vulnerabilities have declined significantly. portugal will run its fifth-year of current account surplus this year that's due to stronger external competitiveness to the portuguese economy on top of that, there's the banks. we think financial stability risks in portugal have moderated. that's the result of a shrinking and nonperforming loans. >> let's talk about their

neighbor i'm off to barcelona later today. you last reviewed spain's triple b rating in july, that's despite all this political upheaval. catalonia is on a negative rate watch what would have to happen in catalonia for you to reconsider things about spain on a whole? >> that's a good question. spain is on a positive outlook we have not changed that despite the recent catalan crisis. we have elections tomorrow in catalonia. they are too close to call but our baseline is that no matter what the result will be, it will be quite messy in catalonia. there will be rising tensions between the central government and the catalan regional government >> what would cause you to rethink your position on spain as a whole >> for us, we'll be guided by the impact on spanish fiscal stance so far the data is encouraging

there's a clear slowdown in catalonia, but this is being compensated by other parts of spain. >> i was in ireland whereone regulator i spoke to warned about -- warned about some bubbles developing there there's the potential challenges about brexit and cross-border trade. do you think the government's efforts to pay down debt are enough to justify the current sovereign rating >> yes, we do. ireland has been on a positive rating trajectory for a while. we did upgrade last week to single a plus. that was the first upgrade of ireland. >> you're not worried about a bubble >> we noticed that the market has recovered. so far it was concentrated in dublin >> overheated you mean >> we were worried about overheating. recent data seemed to suggest the housing market recovery

brought that up to other parts of ireland there are some supply issues in ireland that have not been that way, housing supply issues our information is that we don't believe at the moment there is a bubble there's some things in dublin, but on the whole in ireland we're quite confident we're not at bubble stage yet. >> i mentioned brexit, i'm sure most viewers hear about brexit, but in the uk, is that something you waf in tetch in terms of th rating >> absolutely. the december agreement in our view is positive, yes, because it has opened up the second part of the negotiations. but there are still a lot of unresolved issues. the irish border, the trade deal, and even whether there will be -- whether there will be

a new transition deal, and on what terms those are issues that will be hard to settle, to negotiate, they will strengthen further uk domestic policies. >> you have been talking up prospects in your notes and ratings for the european economy generally. in the past 6, 17 years, ratings agencies have had criticism over the years when it comes to countries like greece and spain. now we're in this period of quite a lot of optimism, what can you say the ratings agencies such as fitch have done looking forward to the next possible correction or bull market? >> there is a lot of divergecy ratings, talking about the eurozone specifically. divergency ratings have shown we have learned some lessons. we've been criticized in recent

years because we have not upgraded enough in the eurozone. but we did not upgrade many countries because now we are very much focused on the fundamentals we are guided by our sovereign rating methodology, very closely when we take ratings actions portugal, it took a while to get -- last week was the first upgrade since the sovereign rating crisis. wove been under criticism that we should have acted earlier i think you will see ratings being stickier going forward and we will try really to look much more closely at the vulnerabilitieses, both on the external analysis, which is something in the past we did not do that, this led to some screw ups as you say in sovereign ratings before the crisis. now we're confident our ratings better reflect the economic

fundamentals across the eurozone, and this is supported by research that shows that is the case >> thank you very much if you have any thoughts on this, e-mail the show. the address is streetsignseurope@cnbc.com and you can tweet us at streetsignseurope@cnbc coming up, we'll hear from the ceo of ge m&am mshggemmalto stay tuned cannot live without it.

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find your awesome, and change the way you wifi. . welcome back to "street signs. shares in innogy are trading higher after chief executive peter terium stepped down. his departure comes days after the energy firm cited a profit warning. british construction firm, carillion opened higher after

appointing andrew davis as ceo he will assume his role in january. this means keith cochran will step down from his temporary position. steinhoff tumbles lower. the latest sell juf coaufsellof $10 billion has been wiped off the capitalization since discovering financial irregularities in its accounts the chairman of the london stock exchange will keep his job after an activist investor's efforts were voted down to remove him tci wanted donald brydon gone. only 20% of share holders backe the measure. tci says the voete constitutes a serious rebuke of the board by shareholders

stada says a domination and profit and loss transfer agreement has been settled following the takeover of bane cinv cinven iliad shares trading lower after the telecoms company announced they were buying a stake in ireland's company eir iliad will own a third of eir. the deal implies a value of 3.5 billion euros. shares in gemalto surged after a deal to create a global cybersecurity powerhouse with thales philippe vallee, the ceo of gem

ma gemalto joins us the french state owned bank is your second largest shareholder, is this combination about french national security? >> i would say this is more important for me to consider the initial project, which is offered by this combination. we are solving many customers problems across the planet for me this is important to see how the strategy of gemalto can be pursued this is not about french consolidation but acceleration for the gemalto strategy >> how much pressure have you faced from the french government to make this deal happen >> i have not received any pressure at all, to be very clear. we've been discussing in an amicable way with the ceo of thales over the last few months, and we accelerated the process lately i'm glad about announcing this

combination. >> you described the rival atos bid as weak, but it was only a half billion dollars less than the one you accepted from thales can you explain why you went with thales over atos? >> this is due to the amount received from atos, and that the board rejected it said they were not taking enough value of the company and also other stakeholders, and the fact that the company would be integrated in different parts and pieces, which would force us to pursue our strategy on the other end. what thales put on the table is something preserving twhat gem ma gemalto is about >> the 12-month share price looks like your stock took a

giant nosedive this year, halved over the course of six months. your stock is closing near the offer price of 51 euros. you guys opened yourself up to a takeover when they saw this as a cheap bargain. isn't that the case? >> the idea was to look at the best options for gemalto, the company suffered a bit due to the elimination of one of its markets. the business serving the mobile operator now with this approach we have, i would say, a better future we have a solid platform >> you will still be cutting jobs in the business what do you need to do to turn that struggling business around >> we need to add just the cost base of our businesses that business is going through a certain transition between the old approach to connect mobile,

mobile devices and people to a new one. in particular serving the connected areas. the mobile carriers are concentrating on the next generation and that market and that business needs an adjusted work force and resources. that's the reason why we are restructuring efforts in this specific market. >> mr. vallee, thank you very much for joining us today. that's philippe vallee, the ceo of gemalto minneapolis fed president neel kashkari reiterated his call to wait for higher inflation before raising u.s. interest rates speaking to cnbc, he warned house dangerous it is when the fed attempts to interfere with stock markets. >> we do talk about asset prices quite a bit. we look for signs of financial

instability. i would say the way i think about it, if we raise interest rates, not because of the job market, not because of inflation, but raise interest rates to try to constrain the stock market, that can be very costly remember in 1996 then fed chairman alan greenspan said there's irrational exuberance. the stock market climbed strongly until 2000, until there was the tech bubble bursting i think those interest rate increases that chairman greenspan would have imposed would have been costly to the economy, more costly than the correction itself in 2000. from my perspective we need to segment what's a stock market correction and that's investors problems, versus sick thomethin will lead to financial stability like 2008. we need to work hard to protect

against an o'08 scenario. >> that was neel kashkari. the bank of japan started its final policy board meeting for this year. it will keep monetary policy unchanged. >> the central bank's two-day policy board meeting will go on until thursday if it maintains the current policy, it will be the first year the bank has taken no action since governor kuroda took office four years ago since his first policy move in 2013 where he injected massive amounts of liquidity into the system, he has taken easing measures in each of the following years. so the lack of additional steps by the boj this year can be taken as a sign that the economy and financial markets are in better shape than before exports are growing steadily due to recovering markets overseas and japanese companies are

enjoying record profits and increasing capital spending. the improving employment rate is beginning to cheer consumers all this has raised the expectations that the bank may raise interest rate targets next year but the boj will likely find no reason to tighten monetary policy, even slightly, unless consumer prices start rising faster improved economic conditions have put upward pressure on prices, but the rise was a mere 0.8% in october which is less than half the bank's inflation target of 2% the boj believes inflation will remain sluggish unless japanese firms become more willing to raise wages and prices and decided that it should keep the ultra easing monetary policy until that changes kuroda is widely expected to be reacquainted when his term expires in the spring next year, so the boj will continue its current course into 2018 that's all from the nikkei back to you.

>> thank you very much coming up, the u.s. senate worked late into the night to pass trump's tax bill, a glitch means the house needs to vote again. we'll explain the twists and turns from capitol hill after this break

the conference report is adopted. without objection the motion to reconsider is laid upon the table! >> close but not done yet. the senate passes the tax reform bill, but a procedural glitch sends the legislation back to the house likely for another vote today >> after eight straight years of slow growth and under-performance, america is ready to take off. with this tax reform, america is ready to start performing as it should have for a number of years. the eu's top court rules

that uber is a transportation service, not just a digital app provider, bu the company says it won't change how it operates in most countries. innogy's ceo peter terium resigned amid a profit warning shares rise on the news and take parent company rwe higher. and more pain for steinhoff, shares plunge again as the retailer faces a credit squeeze after its accounting difficulties so we had a pretty negative end to the day's trading in the united states overnight, but now looking at the open in a few hours time the s&p 500, dow jones and nasdaq look to be opening up with the dow jones up 96 points.

if we look at the european markets, there's a little bit more red on the board. the ftse 100 trading slightly into negative territory, as is the xetra dax and the cac and as is the ftse mib in milan the euro is trading slightly stronger against the dollar. the dollar slightly up against the yen by a fifth of a percent. the pound recovering slightly against the u.s. dollar and the dollar trading stronger against the swiss franc. let's get back to the tax bill the senate passed the 500-page 1$1.5 trillion republican tax bill by 51 votes to 48 the result was met by a muted response by tired senators as all republicans voted yes and all democrats voted no vice president mike pence and treasury secretary mnuchin looked on over the vote. ed lawrence joins us this

morning. i'm sure you have been watching this overnight i wanted to ask about that procedural issue it's complicated on this side of the atlantic what's going on? >> the two houses there the house of representatives and the senate have to pass the same bill so it can go to the president's desk it was supposed to be easy passing the house of representatives, the senate was to be the closer vote, but the senate voted first on this the way the bill was written, it would have required more than a simple majority. that's more than the republicans have in both the house and senate it would have required a super majority they went back and tweaked it a bit. that revote happens today. it was a procedural issue. nothing vb having to do with support for this bill. republicans believe this vote will happen today. the president tweeting out after the vote happened in the senate saying that there will be a news conference later today at the white house once the house

passes this bill we expect it to pass the house later this morning >> you could look at this as the culmination of everything paul ryan worked towards during his political career how do you ordinary americans feel about this bill >> you know, americans are skeptical about this bill. there's a new poll out that shows 63% of americans believe this bill will help corporations and the wealthy. 22% believe this will help everyone now, republicans are okay with these numbers, because they believe once americans get their paychecks and see less taxes taken out of the paychecks and more money in, they believe those poll numbers will turn around republicans saying that the corporate tax rate being 2 1% will not only help u.s. corporations compete internationally but bring other corporations from other parts of the world into the united states >> let's see if the economic growth projections turn out to be true.

ed lawrence, thank you very much the u.s. has asked the u.n. security council to black list ten international ships for violating sanctions on north korea. the ships seem to be transferring petroleum products to north korea vessels the black listing means global ports will prevent those ships from docking the trump administration is now publicly blaming north korea for the wannacry cyberattack the accusation comes amid growing worry about rising tensions in the korean peninsula. richard engel has more on how the north korea question will affect the next winter olympics. >> reporter: it's not just north korea's nuclear weapons program the white house is warning about. today accusing kim jong-un's regime of launching a massive cyberattack dubbed wannacry. that crippled 300,000 computers in 150 countries, including

banks and hospitals. >> we do not make this allegation lightly but with evidence and partners. >> reporter: those partners clinding t i including the british government went public before the u.s a few weeks ago at silicon valley headquarters of security firm symantec, we met the engineer who first uncovered north korea was behind the cyberattack. >> is it like a nuclear test like blowing something up to show that you can do it? >> this is the equivalent of that in the cyberworld basically demonstrating your power and ability. >> reporter: 6,000 miles away in south korea today, president moon jae-in told us his nation set up a special unit to protect the upcoming winter olympics from hacking right now south korea and u.s. are working very closely in preparing for any attempts, he said president moon spoke to us as he inaugurated a $3.4 billion bullet train to the olympic venues he said the games with athletes

from the north invited can be a path to easing tensions. what message are you sending to the world with these games the korean people will be able to send a message of peace to the world he said. president moon said joint u.s. and south korean military exercises like this one today may be put off for now president moon told me he raised possibility of postponing the exercises if north korea stops what he calls its provocations he said the u.s. is considering the option the u.n. general assembly will hold an emergency session on thursday to vote on the white house decision to recognize jerusalem as israel's capital. the u.s. earlier vetoed a security council resolution to withdraw the declaration the majority are expected to support this resolution, which would further isolate the u.s. on this issue. nikki haley warned she would be

"taking names of all countries that vote in favor and report those names back to president trump. saudi arabia has shot down a ballistic missile launched by yemen's rebels these pictures distributed by the media have not been independently verified by cnbc there were no reports of casualty or damage the houthis say the missile was aimed at saudi rebels. saudi coalition air strikes killed 136 noncombatants in yemen since december 6th saudi arabia will boost spending to 2$261 billion in 2018 in what riyadh calls its biggest ever budget that conflict in yemen soaking up a lot of its cash the kingdom says it will put the money towards infrastructure projects and privatizing certain sectors. the country pushed back the deadline for eliminating the

deficit until 2023 >> translator: we are announcing this budget as the largest spending budget in the kingdom's history. given low oil prices, we will continue to grow and develop towards achieving our 2030 vision >> methifid 2 rules are expecteo come into implementation this january, but missing the january 3rd deadline nick, a couple movpsnths ago you said there was a palatable panic over some industries about these rules. is that panic settled? >> a little bit. this gets as big and bad as it gets for european markets. there's a lot to do, a lot for firms to complete by january even though we got another year,

the commission gave an extension of a year, there's a lot of work to be done before that deadline. >> we heard recently that some firms could escape enforcement as long as they show sufficient steps have been taken. that sounds pragmatic but a bit soft, doesn't it >> you have to read between the lines. there will be areas where the fca will want firms to be ready. transaction reporting where the regulator is using that information to track down market abuse and police the markets is an yir whearea where i would not recommend firms not to be ready. in other areas the market is complicated, and the pricing is still evolving i think firms have a plan, a way forward, and they can demonstrate if the regulator turns up that they're well on course to achieving compliance >> we had a senior compliance officer on earlier he was concerned about getting

leis in order. if you don't have that done now, you have no one to blame but yourself >> the regulators have been clear you can't trade if you don't have an lei, but it's not difficult to get one >> may be now, because there will be a huge logjam. >> they should be available at a modest cost. >> with all this new information that regulators will have available, what will that allow them to do that they weren't able to do before? >> the quality of the surveillance should increase significantly. what does that mean? >> they can identify the clients behind the firms previously it's been knowing trade "a" trades against firm "b." it means writing to the banks and asking who clients are now they'll know and they'll link up people trading here, trading through different brokers to make sense of what's going on in the markets. >> what kind of risk do you

think the pools rep send and mifid ii's caps, will that reduce the risks >> it's not the way i would have done it. i think it's a blunt instrument to cap it. they basically set the cap at the current levels in the markets. i think there's better policy approaches i think it will cause problems in january stocks will cap out and we will see confusion where people can trade the stocks some academics think maybe 15%, 20% is a threat. >> you were involved in some of the ideas, in terms of background, were these driven by customers, regulators, both? and long-term what will be the impact of the fact it was driven by one side or the other >> mifid ii is huge. they have been able to throw the kitchen sink at this they've been able to put

everything they want to in this legislation. so some of it is driven by a general desire to prospect investors better and sure up the markets. i think the fca supports mst of what most of what's in there. >> do you feel sorry for some of your colleagues given they have to work on introducing this and at some point maybe unpick it all in a few weeks time, few months time, few years time? who knows. >> as usual, the uk is one of the small number of countries that got this in on time we implemented it, and now we're leaving the party. i think it is disappointing. >> not disappointing, this is a resource challenge they're not a well staffed agency no one is denying that this will make things complicated. >> it's not producing anything other than mapping across all this legislation into uk legislation. it's not productive really in

that sense >> nick bailey, thank you. you can head to cnbc's online mifid ii portal to read about how the regulatory changes are likely to impact your businesses and investments. you can e-mail us about this, streetsignseurope@cnbc.com or you can tweet us, we are streetsignseurope@cnbc you can also tweet me directly coming up, social media snafus a panel of experts will join us on set to discuss how companies can ensure employees don't share market sensitive information online you have been warned some air fresheners are so overwhelming, they can...

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welcome back to "street signs. bitcoin has suffered its sharpest losses since futures trading started with the cryptocurrency losing $1,000 in under an hour at one point during late trade. a number of reasons were cited for the move downward. the news that coinbase will start trading a rival digital

currency it's hard to keep up south korean bitcoin exchange is shutting down after being hacked for the second time in a year. 17% of the assets were stolen. a new cnbc poll looks at what the public thinks about bitcoin. steve liesman has the details. >> reporter: if it seems like the nation has gone bitcoin crazy, it's because they sort of have 66% of the public have heard something about bitcoin, that's up 20 points from when we first asked the question in 2014, when we asked if you heard a lot about it, just 22% but that's higher than 2014 when 13% heard a lot about it what do they think about it? 6% say it's now an alternative to the u.s. dollar 31% say it never will be

but 38% say, hey, one day it could be or will be an alternative to the u.s. dollar but there are big differences in the public sort of a digital divide when it comes to the cryptocurrency. those who are younger are much more likely to be positive on the outlook for bitcoin and uses older folks, those 65 and old, just 20% are democrats, more so than republicans. wealthy folks much more so than those in the lower income. 34% say it has a future for the bitcoin currency so if it seems like the nation is crazy on bitcoin, it's because they are there still seems to be a way to go to have the kind of standing to be a real currency. steve liesman, cnbc business news >> it's not just the u.s. crazy about bitcoin. for more on the volatile moves in the krcrypto world, head to cnbc.com. a number of the world's leading companies have been

forced to issue profit warnings after suffering data breaches in recent months. it's not just cybercrime that's a digital threat a number of employees may be putting their companies at risk by sharing compromising information on social media. so says kitty perry and tim hazen who also joins us. what is your product offering companies? >> we're seeing employees often inadvertently posting photos and selfies on instagram, frequently public, because they're unaware they need to make it private and want more followers. these images, 93 million selfies taken a day, these images often have data in the background. they're not thinking about what might be behind them, whether it's a screen, notebook or white

board that information going out on to the public internet can be used by hackers, regulators are seeing it. so we have a machine algorithm that looks for these photos and takes them down. >> can enable hackers, can is the key word has it >> we interviewed a number of hackers. the hacker of the year last year, friendly hacker, she said that the images are being used because you can increase the resolution relatively easily whether you're looking at passwords or inboxes we often see. sometimes people take photos of screens with post-it notes at the bottom with passwords. so pretty easy information to get ahold of >> in terms of corporations has may be suffering reputational damage, financial, economic

damage what can they do? >> the key is to put in place a comprehensive social media policy setting out exactly what kind of conduct your employees are expected to abide by not just to have that social media policy, but to ensure that that's given out to employees, and that they know what is expected of them also to train them to involve them in the drafting of that policy and make sure everyone is aware of it. >> do you think some firms have a duty of care to lay out the legal ramifications? it's one thing having a corporate policy, quite another po say you cou to say you could be prosecuted for this behavior. >> i think it's helpful for firms to set out exactly what the ramifications of social media failings could be. ultimately this is dealt with as any other disciplinary situation at work, there will be consequences it's all very well having a

policy if that's hidden away somewhere, you're not involving employees in how that's been developed, you're not making sure they're aware of responsibilities, that's a failing on behalf of the corporation. >> your product is focused on misadventure by individuals impacting companies. often it's the companies and their i.t. departments that have failed have you look the into ted inton argentina and what happened, it's embarrassing. is it more about corporations focusing on their own policies >> it is i think corporations will require individuals, social media networks to build their own brands there's one bank whose brief to us is we want our staff to be social media advocates of us on their personal network that's where this causes a nightmar nightmare. >> people push back saying i don't want to do free advertising for my company

>> sometimes for the smaller firms and people, they are proud of what they do, where they work the issue to tim's point is the data says 71% of staff are not reading the policies, and they say it's my personal life. it's making work life more fun as we see with the google world and so on. that's when people buy into the culture, then they want to behave well. with that they understand the consequences of what can go wrong and how. often their minds are more tuned to making sure they don't make those mistakes >> tim, one final question it seems one other challenge when people say this is my personal life is this idea of freedom of speech versus a company's right to regulate behavior if it impacts them. what's the legal fine line in

this country >> absolutely. there's a fine line between freedom of expression and expressing a legitimate opinion and having that personal space on one hand whilst also not crossing the line and making sure what you're doing online is not offensive, derogatory or discriminatory we're all human. it's an easy mistake to make, but you have to be aware in this online world, the things you post online will be seen >> how often companies when they have made a decision, how often are those decisions held up by employment tribunals, for instance >> increasingly over the last five years a lot of cases have reached the tribunal it's all situational whether a dismissal because of what someone has done online is judged unfair will depend on the facts specific analysis. >> i will probably leave it there. i'm sorry. thank you very much. tim hayes and kitty parry, thank

you, interesting conversation. if you wanted to check in what happened when cnbc called elon musk's cell phone after he accidentally posted his number on twitter, please do head to our website. uber is a taxi company, so says the european justice which will influence the way the firm operates in europe it will have to comply with european transport law and national regulations in eu-member states thank you very much for joining me today i'm willem marx here in london "worldwide exchange" is up next.

breaking news. the senate passes a landmark tax reform bill sending it back to the house for a final vote we're live in washington with details. a big blow to uber the eu's top court ruled the ride hailing giant is a transport firm we'll tell you what this means for the future of the currency and a wild swing for bitcoin a breakdown of what happened straight ahead it's wednesday, december 20, 2017, "worldwide exchange" begins right now