you can watch me every weeknight at 5 pm eastern time right here on fox business. "bulls and bears". we have a full time and you will too. maria bartiromo, "wall street" is next. maria: happy weekend everybody welcome to the program. the week that was. i am a real -- maria bartiromo. we have a special guest and then later on we are talking skills training with john sexton to talk about the growing challenge for families. and this week uber had as much anticipated ipo. they began trading on friday. that was on the low end of the

range. and join me right now to discuss this and more, -- is here. good to have you. thank you for being here. congratulations to you. you bought the stock, he saw the vision a long time ago. he paid $0.35 a share. and you have got to be feeling great. >> feeling great and very proud, kudos to the leadership team today. maria: what you think happened in terms of going up to the ipo? all of a sudden drivers start making a lot of noise, right? they say they're paying themselves out hundred $72 million in driver settlements and payments because they were all these protesters going on about the uber practices. what was your take on what took place? chris i was a immigrant refugee

kid. so my dad was a taxidriver. i grew up in a taxi and i knew how hard it was. and another taxi industry was very difficult for drivers. we have to really compare what things were like in the past, the medallion owners were not the driver, the drivers were renting the cars and this allowed a lot of entrepreneurship and independence and freedom you know and one of the most important things i think is the company did something in the ipo. they set aside three percent of the common shares to drivers and i think it was a big advocate of that. and i think it was really a great move. maria: i agree i don't know where the drivers are so upset. i think they want more. but you know, yours is the quintessential american dream story. which i said earlier when you joined me on the morning show this week. your father was a taxidriver in washington. now you're one of the big investors, winners of this deal on uber. limit your take on some of the

fundamentals of the company. because renaissance capitol came out they report this week that basically said the losses total $1.8 billion. more losses than any other ipo ever. the trailing loss is nearly double that of lyft. and they sort of put a cloud over this deal because live did not trade well after initially doing well. should we be comparing this to live? or is it another story and what about the one -- 1.8 billion in losses? >> they are similar to aws. there's a lot of things that can launch like uber needs which is now a $10 billion gross company. the company is doing 50 billion gross per live is a $2 billion business i'm willing to that that huber eats -- uber eats is bigger. they also have stakes in other companies. they are collectively worth

probably 20 billion or so. and they just spun off their self driving business, that is right about 7 and a half billion dollars. maria: and you are not looking to cash out with us ipo. >> no, i'm a big believer in long-term and the impact of uber. it's been 10 years and i look forward to the next 10 years. the company can potentially go from 50 billion to say five years from now, are they doing over 100 billion in gross revenue and over 20 billion in net revenue? probably.and they could potentially beat that. in 10 years, what could that be? so you could be sitting on a company doing 150 or 200 billion in gross revenue. it is a massive scale. the market for transportation is so massive. we're talking about trillions of dollars in value. people need to get around.

maria: you had such an incredible vision in terms of where the growth in the economy is. you have other companies that you only of taken stakes in in the last couple of years and they will very well go public this year as well. like airbnb, like slack. to me about some of your other ideas out there. >> were my latest companies that i invested in, i believe is called bolt mobility. we launched and partners with usain bolt, the fastest man in the world. we have electric scooters and electric vehicles will be launched next week and that is how much to the uber initial launch which was in parisas well. and so, you we are now in miami, fort lauderdale, virginia . we just launched in nashville, we are launching in portland, we will launch in la. the company will go from zero stage in the last 10 months to over 100 million in revenue in the first year.

maria: and the china trade story, do you worry about that as an investor given that the president has said that yes, the tires have gone into effect on $200 billion of chinese goods. they went up to 25 percent. now he's hinting that maybe there is an additional tariff on the additional goods coming into the country. does it give you pause at all? >> i have a very long term view. as i was saying, it took 10 years for uber to go public. these are the seven companies will go public. i invested in the early stages. you know 10 years ago or eight years ago, i have a long-term view going forward as well. so i don't look at the market fluctuations in the near term. and that kind of capitol is important just founders to be able to exercise their thesis in their company for a long period of time. maria: great to have you.

thank you so much. >> thank you. maria: stay right there my one-on-one with the ceo iex is next. >> another rough week on wall street. how do you deal with the market? the founder of the investors exchange gives his intake when wall street returns.

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the relativity? i spoke with the ceo of iex, brad katsuyama. he shared house clients handle this. >> we talked investors all the time. iex is the investors exchange. amplified volatility concerns a lot of investors.a lot of fundamental investors start to see breakdowns in the way stocks are trading, some they view as an opportunity and others they get a little more concerned but certainly week like this, you like the fourth quarter of last year the same thing. it is people have a lot of questions and the stock exchange is an opportunity for us to talk to our core clients. maria: the fact is the market is up strongly since the bottom. most recent bottom in december. i guess you have some wiggle room here. to see some volatility after it's been a stellar first quarter. >> yet, the interesting part about volatility that in the market naturally will be volatile as news comes out and

obviously the u.s. china news this week. what we look at is again, 50, 70 percent of the market ends up being high-speed trading automated trading strategies. look at reports from goldman or j.p. morgan. a lot of people concerned with again, not just normal volatility but amplified volatility. when is five or six percent gets into the psyche of investors. it is a market structure that i think from a fundamental standpoint the volatility needs to be dampened and it's part of what we try to do it iex. exchanges make so much money. more money selling high-speed then buyers and sellers. should boost a speed bump ultimately to 350 microseconds of a speed bump just to slow things down to ensure that the exchange knows the proper price of a stock. the other stock exchanges have gone the other way which fuels the volatility.

maria: you make a great point about technology appeared more and more technology being used within the exchange community and financial services industry in general. and they are doing more business there as opposed to matching buyers and sellers paid what is the story of iex today?how are things going? >> sure, things are going well. i think we are on our fourth consecutive record quarter with market share. things continue to move. i think even at hovering at three percent market share a lot people do not know we are larger than the london stock exchange or the toronto stock exchange with the deutsche. it shows how big the u.s. market is both 94 people we have come a long way and i think for us, the story continues to grow. one of the biggest challenges in the market is the idea that exchange -- is the way to entice brokers to send investor orders to a market where they've sold advantages to certain high-speed traders. those rebates are billions a year. the only exchanges in pita pit now we have a sec paying people

to trade on the exchange. and at the end of last year again, proved a pilot to test the elimination of these rebates and now you have the stock exchange suing the on regulator to prevent the pilot from happening. for iex we see massive opportunity for market that is focused on protecting investors instead of exploiting them. maria: brad, let me ask you, if there is not a deal between the u.s. and china, what you think markets do? so far we've been expecting a deal between the two but we heard of course this week that china backtracked on virtually all of the demands that the u.s. had put in place. and they had agreed to. so if there is not a deal between the two nations sooner, or at all, would you think markets do? >> i mean i think markets are you know, you see, they are moving on tweets. they moving on sentiment and on posturing. i read an article, i think it

was on fox where it cited you know, i think warren buffett comments to say you know, being unpredictable ends up becoming a strategy in negotiations. i would expect to see more posturing and the markets you know, reacting to that. it is obviously a very important time in the trade negotiations and i think that the direction of the stock market, i don't think is going to impact the posturing. i think what the u.s. is trying to do is get the best possible deal for the us. our expect more of this to happen and i expect the answer need to continue to follow. because the markets are so driven by automation our expect to see more swings based on the posturing. maria: brad katsuyama, thank you for joining me. stay with me. john sexton is joining the next. ♪ limu emu & doug

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a big issue for the 2020 presidential campaign. how address the exposing national student debt. now over $1 trillion. elizabeth warren plan to wipe out the debt of three quarters of student loan borrowers. for decades from nyu president john sexton has been tackling the issue of college affordability. here is his take. >> it is critically important that we prepare our workforce, there's no doubt about that. and we prepare people to be in

the best place in the workforce that they can be. that is why access to quality education starting at the primary and secondary school level right through higher education into phd 's is really important. when you go to policy, is important to realize that each child is different.they have different passions, their different aptitudes, and what we have to do is not only, look at what the jobs are for which we need educated people, is kind of a short-term long-term examination. but then which people are best suited for which jobs? matching is very important part of the process. one of the great strengths of american education is that we have great diversity in it and yes, we should be focusing on workforce output. but we also have to be focusing on giving people the chances that they deserve.

maria: this brings me to the issue of affordability and student debt. we are talking about a student graduates and there they have these bills to pay for what they just did. in college. you actually got your arms around this issue at nyu law school. you name the lawyer of the year. by the national law journal. tell me what you did at nyu law in terms of making that school more accessible for students. >> what i think is the best public policy is what we did at nyu law school which is, you say to college graduates, you match what the best place you can. and we have to do a lot to help students from the lower quartiles of family income who do not have college educated people in the family, who are not in schools with the guidance counselors that had the time to work with them. we have to help them match with, put that aside for the moment you match with the right

place and you borrow for the tuition if you cannot afford it and the governor will give you low interest loans and then, you will pay it back not as you would pay back an ordinary loan, but you pay it back based upon a percentage of your income. over a certain amount. let's say over $50,000. so the first 50,000, you could make in the first 30,000, it is protected. then over that you never pay more than 10 percent of your income. and after 20 years it is given away. there are many models for this. maria: we are talking about politics, talking about a lot of different programs and ideas from all of these different candidates. elizabeth warren said that she wants free college. bernie sanders wants free college.what do you think about that? >> i think is a good thing that people are thinking about putting more money into education. because we been disinvestment from education. maria: there is a button coming. >> there is a butt!

that is, we have to put it in wisely. especially if we putting into education we should think about what we are doing. for example senator warren's proposal on forgiving debt. which is a principal i accept as general policy. but there is a brookings study out just recently which shows this is highly regressive. the way she does it. so in her plan for example, two thirds of the benefits go to the top 40 percent of wealthy families. in only four percent to the bottom 20 percent. so this reveals you've got to do this very carefully. even the free college idea which again, i want to emphasize, i support more money into higher education. but i need wise money. and the fact of the matter is that a good third of the spots in our public universities are taken up by wealthy families.

so this too can be regressive if it is not implemented well. so i favor more money for higher education. but i would not favor the warren plan. maria: to me about standing for reason. >> this is my latest book. i love it, it is my child. it was inspired by a memory. in 1956, i was in a classroom in brooklyn. a progressive man by the name of daniel -- a priest that later led a movement wrote on the blackboard -- outside the church there is no salvation. and they went up to him after class and i said, father, does that mean my best friend jerry epstein will not be able to go to heaven? he said if you do not baptize him, he will not be able to go to heaven. 60 years later, i could be in a conversation with 25 faith leaders from all over the world. about how we all benefited in our faith by seeing the world

through the eyes of other faiths as well. as you know i have a phd in religion and a witness firsthand starting with the vatican counselor, john xxiii now francis in the church i've seen a 60 year arc from triumphalism and dogmatism to what is called -- meanwhile, the same 60 years, my father was that of the jefferson democratic in brooklyn. he worked with everyone to get the garbage picked up and 60 years later, our politics is infected with what i call a secular dogmatism. that is more virulent than the dogmatism was there because i played in the little league. but today, our political views are largely revealed from outside. no more subject to discussion then i could discuss the virgin birth with jerry epstein. and we are completely allergic to any conversation has nuance and complexity to it.

maria: is higher education helping? >> higher education is the best hope for an antidote for this. maria: thank you to john sexton joining me. don't go anywhere, more "wall street" after this. did you know with vanishing deductible, you can earn $100 off your deductible for every year of safe driving? sing that. ♪ vanishing deductible, you can... ♪ ♪ earn $100... ♪ earn $100 off... ♪ off your deductible. ♪ deductible. ♪ for every year of safe driving. ♪ ♪ for every-- for every-- ♪ ♪ for every year of safe driving. ♪ what are you-- what key are you in? "e." no, no, go to "g." "g" will be too high. not for me. ♪ vanishing deductible. oh, gosh. sweet, sweet.

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on "wall street" this week. another big week ahead. catch me every friday night pm on fox business.plus on fox news i will see you sunday morning for "sunday morning futures". we are senate judiciary chairman lindsey graham, my special guest along with house judiciary committee member john

radcliffe my special guest. 10 am live sunday on fox news channel. also here on fox business every weekday tune in weekdays from 6♪ ♪ to 9 name eastern for rnrnrnr♪ ♪ here on fox business. ♪ have a great weekend ♪ everybody, thank you for ♪ being with me. ♪ i will see you again next ♪ time. ♪ [music] gerry: hello! and welcome to "wsj at large". after an impressive bull run this is a rocky one for markets. the main reason, rekindled fears with a trade more between the u.s. and china. -- it looked like they were making progress. some even thought an agreement was imminent. but then suddenly last