lyft president and co-founder john zimmer will be on "squawk box" 8:45 a.m. eastern time.igher after the video game publisher reported second quarter results and third quarter guidance the company announcing the head of the blizzard entertainment unit are leaving the company following a lawsuit filed last month by california regulators over gender bias and allegations of harassment. stock number 3, robinhood. the meme stock due your is up after soaring 20% yesterday to trade above the ipo price of 38 bucks per share. robinhood was one of the top five stocks. up another 7.5% premarket. the biofacturing company losing 2/3 of the market cap the major target is not working out and the ceo has stepped down by, quote, unquote, mutual decision zymergen went public in april. >>> still on deck for the show, a scented candle for the swedish chef in all of us. new vaccine incentives and elon "worldwide exchange" continues >>> today's big numbers. $14.96 trillion. that's how much total household d te n the u.s. reached at th enofhe second quarter. mortgage debt made up 90% of the grow

let's check in with john zimmer, the co-founder, vice chair and president of lyft. the business welcome back to "mad money." >> thanks for having me. >> john, i got to tell you, watched the stock down 10% in the morning off the ruling friday night then i see the pfizer news, maybe we get a reopening, go back over your conference call and i think to myself the reason why this stock actually finished up is because you guys are doing pretty darn well and that the ruling may not come into play here >> yeah, we had an exceptionally strong quarter we beat outlook on every metric. the business has never been stronger in terms of the fundamentals that we had to dig deep and build during the pandemic, so we're set up. demand is really strong coming back as more and more people get vaccinated, and so, yes, there's lots of things happening, but we're feeling quite good. >> why are you so confident about this lawsuit where i feel that a judge -- a judge is very hard to undoe in in this country when a judge makes a ruling it isn't idle, and i have to believe that at a certain poi

we'll find out tomorrow when that larger rival reports in the meantime, do not miss lyft's john zimmerw. >> lyft have been pairing back on incentives, right, during the pandemic and shortly afterwards so are they reinstating, are they increasing them or continuing whatever level they have currently >> so they paired back on a lot of things in 2020 amid the pandemic like marketing costs and those incentives but when demand has come, roaring back this year as the economy reopening, they have had to spend more on incentives to get drivers back on to the platform and now it is locked in the competition with uber when the market was starting to rationalize. so i think that is the biggest question and now they're introducing the incentive for riders on the rider and the driver side that their putting more money in however the idea that lyft got to that adjusted ebidta profitability flu cutting things like marking and other areas over the last year is an achievement. it is just being over shadowed by the demand that is coming back >> diedra, thank you. >>> so it is a little bit of a give and

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john zimmer is going to join us this morning at 8:45 a.m.ime we'll have a conversation with him about what's happening in the world of ride sharing and of course the impact of the delta variant. meantime, shares of match are failing to push revenues above estimates. the pandemic is failing to take a toll on the dating environment. they're showing signs of strength with room to run as they rise on the vaccine curve they tell readers to, quote, enjoy the rest of the summer and vax that thang up. and this morning's decline would essentially wipe out the stock's gain for the year. so dating not exactly the comeback story that some were expecting. >> remember that ad, that viral ad that you tweeted out. >> yes yes. where everyone's licking each other. >> not that summer >> right delta. i wonder whether delta is going to have a branding problem i think about corona beer and i think they have a problem. >> joe brought that up >> i think that's over i bought a 12-pack, corona light. >> you're vaccinated. >> i know it's not filled with virus. >> you'

and the lyft president, john zimmer, will follow that up at 5:00 eastern, right here on bloomberg televisionoomberg. ♪ announcer: the following is a paid program, the opinions and views expressed do not reflect those of bloomberg lp, its affiliates or its employees. >> the following is a prate -- paid presentation furnished by rare collectibles tv, llc. >> breaking news, an exclusive new award of 2019 high relieved gold coins was recently discovered at the west point mint, and now is your opportunity to add these rare, pure gold coins to your collection.

coming up, john zimmer at 5:00 new york, 2:00 in san francisco. this is bloomberg. in on the bloomberg first word news. florida residents -- more florida residents announced hospitalizations of covid-19 than any other time during the pandemic. more than 12,000. about 40% of adult intensive care units in the state are being occupied by coronavirus patients. many are struggling to get enough oxygen following governor ron desantis decision not to declare another state of emergency. a panel of new york state lawmakers is considering whether to initiate impeachment proceedings against governor andrew cuomo said the investigations almost done and the judiciary committee gave the attorney until august 13 to provide any additional evidence. the state attorney general office which conducted a separate investigation released a report this week finding andrew cuomo had sexually harassed 11 women. he denies any wrongdoing. in china, tencent has resumed signing up users for its we chat messaging service. it suspended sign-ups while it was undergoing a technical upgrade. there be

still plans on maintaining elevating new driver bonuses and incentives president john zimmer told squawknot worried about a driver shortage. >> the supply and demand imbalance happens, but it is getting better quarter over quarter we welcomed 50% more new drivers than we did last quarter and again, we were able to hit ebitda profitability with driver earnings at an all-time high and demand growing as well if you're 55 and up, t-mobile has plans built just for you. switch now and get 2 unlimited lines and 2 free smartphones. and now get netflix on us. it's all included with 2 lines for only $70 bucks! only at t-mobile. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app

. >>> john zimmer will join jim cramer tonight on "mad money." >>> a big bounce back to the declinesf last week. still to come, oil seeing a big bounce today after seven sessions of declines goldman's jeff currie will join us. >>> check out some of the today's top searched tickers on cnbc.com the ten-year used always makes the top five it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪ new customers get our best deals on all smartphones. that's right. but what if i'm already a customer? oh, no problem. hey, cam...? ah, same deal! yeah, it's kind of our thing. huh, that's a great deal... what if i'm new to at&t? cam, can you...? he

lyft co-founder and president john zimmer will break down those results in a first on cnbc interview impressive to get that adjusted profitability earlier than expected or are shares ripe to pair back some of the gains? >> i think it is impressive. i like the growth of active riders, 3.6 million, there is going to have to be an explanation, though, on the revenue per active rider that's coming in a little bit disappointing. and that might be where shares are pulling back here. i think you got to dig deeper into that metric of the earnings report here before you get excited about this >> megan, is this a company that you're excited about is it a reopening play for you interesting that the company went out of its way to include july driver earnings as deirdre mentioned, being strong, even with rising case counts of covid. >> the landscape is changing so quickly. going into that granularity in terms of months and data for particular months is very important. we don't have a lot of expo sure to ride hailing. one of the advantages of a company like lyft is while joe spoke about not being