. -- we willusiness to hear from bill gurley. we will talk to a veteran dealbreaker about the next big deal to drop. history, first private company for a lunar mission. why nasa is launching lunar express versus space acts. x. joining uber's board. $1 million in a 20% stake. we sat down with an uber board member bill gurley about what he felt about the deal. the marketany has opportunity in china. very likely going to be the largest market in the world. because of a lack of car ownership historically as a , it is a very interesting market. a win-winutcome is for both companies. cory: what will uber's involvement be? participate are just be in observer? >> a large percentage will be part of it. you have the best of us working together to serve the community and the companies will have a closer relationship that they have had in the past. that is by direction. cory: it will be continued involvement. active management or just the employees, or communication will happen but no uber management? >> we are minority shareholders. they wi

.e will hear from bill gurley plus, more tech mergers may be on the horizon.e talk about the next big deal to drop. making space history. the first private company cleared for a lunar omission. why nasa is backing lunar express. first, uber sold its china operations to didi. they will give uber $1 million after shuai peng stake in the company. on monday we sat down with bill gurley and asked how he felt about the deal. has immenseny respect for the opportunity in china. it will likely be the largest ride market in the world. because of a lack of car ownership historically as percentage of the population, you may have something similar like you hadng with cell phones versus landmines. it is a really, really interesting market and one we were super excited to be a part of. think, isme, i something that is win-win for both companies. i think didi works more -- shares are worth more today because of this deal. involvements uber's going to be in this business? will they participate anywhere or just be an observer? >> i think so far a large percentage of our employe

we will hear from bill gurley and hans. more mergers may be on the horizon. a veteran dealmaker.he next big deal of the drop. an entrepreneur making space history. the first private company cleared for a lunar mission at why they are backing space express over spacex. uber sold its chinese operations to its rival. uberrounder joining the board. a 20%ill give uber stake in didi. we asked bill gurley how he felt about the deal. , hase company, uber immense respect for the market opportunity in china. it will likely be the largest ridesharing market in the world. because of a lack of car ownership historically as a percentage of the population, you might have something similar to leapfrogging lake cell phones versus landmines. it is an interesting market that we were excited to be a part of. something that is a win-win for both companies. corey: what is uber's involvement going to be? a they going to participate in any way or just be an observer? all, a largerst of percentage of employees will now be a part of the team. you will have the best of china didi working together to serve

cory: that was bill gurley. what about the didi side? let's bring in our investor from stanford and jim from the contacts on the asian rideshare -- with the context on the asian ridesharing market. it is very different. we will start with you. we will it you take a victory -- allow you take a victory lap. it is interesting that the notion of the deal changed where uber offered to invest in didi said no and now they are investing $1 billion. what is happening with them? >> one, it was involved with the deal in 2005. those two joining forces, alibaba becoming over $200 billion in market cap. time and time again, ggb and my partner has been instrumental in getting some of these to happen sector by sector. we view that with didi we saw it become one company since we invested. we thought at some point this would work together, the structure makes sense. we promoted a deal to this direction over the last 12 months. it is gratifying to see that uber has came around to do this. cory: yeah, let me ask you. what are the dynamics on the ground? ube

david: we have an exclusive interview with the uber board member bill gurley. let's go to the markets desk where julie hyman has the latest. julie? 500 hit a record intraday and then it fell. david: 11:14 a.m. julie: wow. you are keeping track. that has paired into earlier gains -- a lot of that has to do with what is happening with oil prices. if you look at s&p 500 oil, you will see intraday -- we do not have exact times on your, david, but youize -- 11:14, can see the trajectory of stocks. we had the intraday low in a pretty short time over the course of the day. indeed, it is energy stocks pulling back the most. you have energy shares down the most by 3%. materials are dragging -- although it looks like a mixed picture overall. energy, however, is not mixed whatsoever. this looks at the daily returns of the individual members of the s&p energy index. you can see none of them are higher today. a broad-based selloff. interms of individual stocks that group, we have a diverse group. murphy oil, transocean, energy, transocean falling as it is buying out a stake

.e will hear from bill gurley plus, more tech mergers may be on the horizon.g deal to drop. making space history. the first private company cleared for a

we will hear from bill gurley and hans. more mergers may be on the horizon. a veteran dealmaker.op. an entrepreneur making space history. the first

it was interesting, earlier, bill gurley was on, who is an uber board member, he talked about their experiencethe company uber has immense respect for the market opportunity in china. very likely going to be the largest ridesharing market in the world. betty: i do want to mention that when i was in china last year i tried using uber and i didn't get to use didi chuxing but i did use uber, maybe because i was outside her. i found it hard to use. invite a lot of cars available. i found the location service difficult to navigate. absi just ended up hailing c in beijing. i didn't use the local service that i was told by people in china that the local service is much better. scarlet: your experience probably bears that out. you are also looking ahead to sheehan or eight'-- shoul shinzo abe's announcement, or more details of it. betty: he dropped this big palestinians week ago following this not so big ball of stimulus -- big ball of the stimulus a week ago following this not so big ball of stimulus from the boj. the big question is how much of this is the money being pumped into the market, and it

david: we have an exclusive interview with the uber board member bill gurley.where julie hyman has the latest. julie? julie:

but critics including bill gurley who i spoke with very recently said these guys are racing back to their investors before their paper gains disappear. is that -- do you think there's -- that's -- >> that's a really important point. because right now, a lot of venture funds are looking amazing on paper. right? and in fact, one thing that's a pet peeve of mine is i get emails every day that say our fund is marked at whatever and somebody said to me the other day we had a bunch of markups. so our fund is at a 3-x cash on cash. no. it's paper on cash. and there's this moment, when i was doing public market stuff before business school we always talked about that you get -- the pit in your stop being a when a trade turns into an investment. something went bad and hold it a long time. similarly i fear as an industry we're headed for this moment where the unrealized because everybody has unrealized gains in the portfolio. and there's this moment where the unrealized becomes unrealizeable. and that's going to be the moment of nausea. bill is absolutely right. everybody is rushing back and nobody