can you earn a living for doordash or uber eats?of these workers say they make eight dollars and hour. is that sustainable for them and for you? you are also trying to raise their pay. how do you make this model actually work long-term? >> at the start, it is important to understand who these types of workers are. 80% of them have jobs, especially when they are delivering on doordash. on average they are working three hours or fewer per week. in 2018, dashers on the platform .50 per i think there hour. is a lot we have to do for these workers. for example, it's not just about pay, though that's a critical ingredient. doordash was the first food delivery service to offer insurance. we will take care of dashers. it is opt in. it will be free of charge. it's not just about the pay model but also product changes to make sure it keeps getting better for them. emily: meantime, you have been making acquisitions. reports this week you bought a self-driving car technology company. what is the vision there? does that mean no dashers? does tha

can you earn a living wage for doordash or uber eats.of these workers say they are making eight dollars an hour. is that sustainable for them and for you when you are trying to raise their pay? how do you make this model actually work long-term? tony: at the start, it is important to understand who these types of workers are. 80% of them have jobs, especially when they are delivering on doordash. on average they are working three hours or fewer per week. in 2018, they earned $17.50 an hour. there is a lot we have to do for these workers. for example, it's not just about pay. that is a very critical ingredient. doordash was the first food delivery service to offer insurance. we will make sure they have it and it's free of charge. and we have a committee counsel we take into account all considerations. it's not just about the pay model but also product changes to make sure it keeps getting better for them. emily: meantime, you have been making acquisitions. reports this week you bought a self-driving car technology company. what is the vis

coming up, doordash is changing its controversial tip policy. the ceo explains what is different, next. and we are live streaming on twitter. find us there @technology. be sure to follow our global breaking news network tictoc on twitter. this is bloomberg. ♪ emily: this is "bloomberg technology." i am emily chang in san francisco. last month doordash announced a new pay model, including an increase in base pay and a guarantee that tips will always be added on top of dashers' earn ings. those are door -- delivery folks. joining us for a bloomberg exclusive this week, doordash ceo tony xu. tony: for things to work at doordash, it has to work for hundreds of thousands of merchants and dashers. this is a very consequential change and something we always work on. the day that i announced we would be making changes about a month ago, teams worked that day every day. we have been talking to dashers and third parties. validating what we are doing. we have shifted the model, so it has been out in the wild testing, and that is why we are making sure we a

doordash is live in 4,000 cities across the u.s. canada while it doesn't add any new markets, caviar's presence in the urban cores is phenomenal, especially as it serves brands like emily in new york or honey butter fried chicken in chicago. and finally, i've been a huge fan of the caviar team ever since their founding so i'm thrilled that we'll get to add some great new teammates very soon. >> so do you keep caviar alive as a premium brand within doordash or do you fold it in and why on either end? >> well, we're still going to -- we're waiting to figure that out. right now, we're anticipating that the close of the deal will happen some time in 2019 after that, we'll figure it out with the caviar team to make sure that the best of both worlds will be brought to all the customers, merchants with and drivers on the familiplatfom >> tony, we keep hearing about all of this heavy spending across the industry, because there is so much competition on things like free delivery and promotions is doordash profitable >> doordash has always be

doordash says that they are confident.ing up in 6:00, we will discuss how lyft, uber and doordash plan to fight this. >>> this happened around 9 am this morning. it appears the driver was making a left-hand turn on vista way. when they hit the pedestrian. the driver remained at the scene and is cooperating with police. investigators so far that there is no indication that drugs or alcohol were a factor in this collision. >>> drivers and part riders , they will need lots of patience this weekend. the transit agency is replacing a massive part of tracks between orinda and the walnut creek stations. the two eastbound lanes of highway 24 will be shut down starting tonight. there will be disruptions every other weekend through october. bart says that this will all be worth it. >> when this work is done, this will be a much more reliable road, it is going to be a safer ride. for us, it increases the productive hours that we need to do really important construction work. >> free shuttle bus service will be provided and county con

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download doordash. the most restaurants across america.irst order, $0 delivery fee. >> j >> joe: kyle shanahan saw his team go 4-12 a year ago. major injuries all over the place offensively, the biggest was losing jimmy garoppolo. now, the fpi sizing things up this way. the rams out front, 63%. the niners, 13%. >> booger: i think a lot of it will depend on jimmy garoppolo and his health. he didn't look good, kind of favoring his knee. if he can get healthy with the weapons they've added, hurd and samuel, and then on defense with ford and bosa. alexander and warner, i think they've upgraded their talent. they said they need playmakers and pass rushers, and so far i like the pieces they've added. >> joe: just to continue that conversation, you say the year depends on jimmy garoppolo. listen, there's no overreaction like preseason overreaction. and you can hear it right now on sports radio throughout the bay area tomorrow. i'm sure it's coming, he goes out there, 1 of 6, no passing yards, throws an interception. the ball being batted down. wh

companies like slack and doordash managed to offset declines.ny is getting ready to launch its fund this year. to discuss, we were joined by tom giles. >> this is transforming softbank away from this old-line telecommunications company with a majority stake in sprint. he is confident that will get the approval it needs. and really position himself as an investor in up-and-coming technologies. he has a $100 billion vision fund. a lot of that money has been deployed. he is starting to reap a return on it from companies like slack that went public this year. doordash is another one. oyo rooms, this hotel business. he is embarking on vision fund two. that will be launched very soon. you start to see new investments from that fund. $108 billion. he wants to position softbank as a cutting edge company as a savvy investor. even though sometimes those investments don't go quite as well as he hoped, uber being a case in point. emily: many of the investment funds envision fund one have not come to fruition. the question remains can a vision fund two at th

called order manager, which allows our sellers to link up to doordash, caviar, and others.dly, we established a strategic partnership with doordash around cash boost, which provides instant rewards for customers to use the cash debit card. we see more opportunities to partner and participate in the ecosystem in that way. emily: obviously, facebook shook up washington dc with their libra plans. you have lawmakers who are infuriated, and a lot of skepticism. could cryptocurrency become a bigger part of your business? want towe believe we make small experiments in the --r term that allow us to near-term opportunities. a coinched with cash app product where we provided easy access to buying and selling bitcoin. that drove $125 million in revenue at the top line this last quarter. but what it really did for us was drive engagement. when people had the opportunity to continually come back into the cash app to check how their bitcoin was using, use it as a store of fund, that provided daily use of cash app. that helped us drive engagement and see how people engage with cash app on

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doordash was the first food offerry service to insurance.just about the pay model but also product changes to make sure it keeps getting better for them. emily: meantime, you have been making acquisitions. you -- reports this week bought a self-driving car technology company. what is the vision their? does that mean no dashers? does that mean an autonomous car is going to bring me my food? >> we're always working on technologies that solve real problems for consumers, merchants, and dashers, and we're looking at how technology or merchanta dasher in order to offer a better experience for customers. we don't have any news to share today -- emily: but you did buy a self driving car company. >> i have to say every day is about solving problems at the intersection of have technology and humans work together. emily: you also bought caviar, a food delivery company, from square. how will that be integrated into the existing platform? >> we are very excited about caviar. it is a service you may have used. tostart, it's about adding restaurant select

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download doordash. e stesus across ari.ve rsorry fe. this is jamie. calling him "dad." -oh, n-no. -look, [sighs] i get it. some new guy comes in helping your mom bundle and save with progressive, but hey, we're all in this together. right, champ? -i'm getting more nuggets. -how about some carrots? you don't want to ruin your dinner. -you're not my dad! -that's fair. overstepped. >> jimmy: hi there, welcome back to the show. our next guest and her husband both have prime-time shows on abc right now. because ours truly is the network of love. her show is called "grand hotel," watch it mondays at 10 pm. please welcome roselyn sanchez. [cheers and ♪ you look fantastic. >> thanks you. >> jimmy: i love this outfit you have on. >> i went all shiny for you. >> jimmy: thank you for being all shiny for me. you are originally from puerto rico >> yes. >> jimmy: do you go back there snofrn. >> yeah, my whole family's over there. >> jimmy: happy days, did you see that show? >> no, sorry. i know it's huge, but no. >> jimmy: what american shows did you watch growing

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how companies like uber, lyft and doordash are responding, next.rg. ♪ emily: youtube has agreed to pay over $150 million to resolve allegations that it violated child privacy laws. the settlement and ftc probe into whether youtube broke a law that makes it illegal to collect information on children under 13 and disclose it to others without parental permission. the ftc and google declined to comment. more now for my exclusive conversation with uber ceo dara khosrowshahi. it has been two years since the former expedia executive took over the reins at uber. i spoke to him about the company's evolution as well its future, including plans for international expansion. dara: part of our business has to fight for money. if they are not deserving money, they are not going to get it. internally, there is lots of creative disruption, and if one part of our business is not carrying their own weight, we will pull back. we pulled back out of china. we turned a $2 billion investment in cash into what can be a $10-plus billion stake in didi, a very big business i

doordash was criticized for putting customers' tips toward covering the base pay it delivers workers. now its ceo said the minimum base pay doordash pays will increase from $1 to $2, and could be as much as $10. all tips will be added on top of that. doordash will give customers the option to leave tips both before ad after a delivery is made rather than just before. those changes are expected to roll out next month. >>> the new apple credit card is here. but just be careful where you put it. apple is warning customers not to keep the titanium card by leather or denim or loose change. the card can get scuffed up easily, and the damage won't wash off. if you do sign up for the cards, apple recommends putting it in a wallet or pocket made of soft materials. >> soft materials. well, put it in your wallet seems -- thanks to our international viewers for joining us. have a great rest of your day. for our u.s. viewers, "early start" continues right now. >>> cracks in the economy threatening a downward spiral. the fed chief will try to calm investors today. >>> top world leaders gathering th

doordash is making changes to its controversial tipping policy the delivery company was criticized. >>for putting customers tips towards covering the base pay of drivers doordash you says it's going to increase the minimum base pay for delivery workers. and all tips will be added on top of that. customers will also have the option to leave tips both before and after deliveries made the changes are expected to roll out next month. rodeo... and let me tell you something, i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide. eliminate monthly mortgage payments, pay bills, medical costs, and more. call now and get your free info kit. other mortgages are paid each month, but with a rev

generally, they have lost to doordash.hey cannot say they are the market leader in most of the places they operate. they are working to fight for position. it's an exciting category that investors would say they should not abandon, but it makes explaining their financial story more challenging. emily: what will it be like over the next couple of quarters? they gave more of a forecasted than they have before. eric: we are going to be watching to see if these losses are one time or if they are humongous. second, revenue needs to keep growing. it's about the pace of growth and whether they can hold market share against competitors and keep growing. global losses keep coming down. are the losses on a path downward and does revenue keep growing? it's pretty simple, they just have to deliver on it. emily: i know you will continue to cover it all for us. thank you so much. now, to another story we continue to watch. while way -- huawei has offered its first glimpse at software that might someday replace the google android system.

doordash is all about the suburbs and the pizza, and caviar is the upscale urban. >> but how much areeople saying, oh, i don't want pizza from this app, i would rather have pizza from this app >> in the long run when there's only doordash and uber eats to pick from, it reminds me a little bit of the roll-ups now that the ftc is all upset about the tech giants. yeah, no one's paying that much attention today, but they will in a few years there's just too many of them. >> guys, thank you all appreciate it. >> robert frank, leslie picker, and bill griffeth. >>> coming up, could the new tariffs on china wipe out this year's fiscal policy he says china will likely retaliate. >>> plus, president trump expected to make an announcement on a trade deal with the eu any moment now we will bring that to you when it happens it happens stay with us you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. >>> welcome back to "the exchange." stocks are still reeling from president trump's latest shot fired in the trade war with china. my next guest says this

at 6:30, the vote for lawmakers and big money push by companies like uber, lyft and doordash. >>> but first -- >> leila, come here. no, wait, wait, wait! >> a near tragedy at the bus stop. all new today, a mother's message to a driver who didn't stop for the school bus. >>> we got a medical billing error and an auto insurance dispute as well as lots of other cases, helping people like you get their money back. i'm consumer investigator chris chmura, "nbc bay area responds," and telemundo responde next. >>> new video shows a houston girl nearly being hit by a car after she got off the school bus. it happened earlier this she sc putting out its sign and a car just zips right past. you can hear the mother scream for her daughter to stay put. luckily, the little girl was not hit. her mother says it could have been a very different outcome. >> after this incident, didn't stop, i asked if my daughter was okay or anything and that's just what hurt me the most, because it could have ended very differently. >> she now hopes what happened to her daughter served as a reminder to other drivers to

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