so doordash has always had two aspirations. largest local commerce marketplace that's what consumers know us for. bring everything inside the neighborhood in hours and minutes, not days. also trying to build the largest local commerce platform offering logistics products to merchants that want to build on demand or same day delivery. whether it be walmart, albertsons, petsmart we recently added, they are using doordash's logistic the software and dashers in our network to offer on demand or same day deliveries through their own digital channels so it's a massive growth driver for them and doordash as well. >> does that offset the softening in restaurant delivery you might see as the economy reopens. >> we started the white label, the platform services part of our business really in the second year of our company's life six years ago. because it furthers our mission of helping these businesses overcome this digital transformation so it was less, you know, in response to any sort of business activity something that we started a v

emily: doordash, it seems like whether the world is open or closed, doordash will do well.hares reacting negatively there. >> it is not so much a covid story with doordash. it is that buzz word, stickiness. it seems food delivery is here to stay. what they are worried about is how much money doordash is pushing into growth. it wants to do non-meal delivery, different items and the expenses for that are very high. according to doordash, they will continue. it was interesting how sanguine they were about the pandemic. nothing really when it came to the delta variant, nothing about how many of us are staying at home, going out to dinner now that restaurants have reopened. there was not much talk about that news out of san francisco. emily: there is that interesting report from the inter--- information they have been in talks to buy instacart. doordash is a $61 billion company. not that much bigger. something we will continue to follow. that doesn't for this edition of bloomberg technology. i am emily chang in san francisco, this is bloomberg. ♪ comcast nbcuniversal is investin

customers ordered more on doordash more than before. will talk with the ceo as the delta variant forces more restrictions around the world. this is bloomberg. ♪ is bloomberg. ♪ >> hopefully this factory here can serve as an inspiration to people in germany and throughout europe for excitement about the future. we have to be excited about the future. we have to do things that make us want to live. it cannot always be about problems every day. emily: elon musk in germany as he visited the gigafactory. he hopes the first cars will roll out berlin in october. that is pending regulatory approval. he was joined by the front runner to succeed as germany's chancellor. airbnb will allow house and guests to sue the company over claims of sexual assault and harassment in its listings. it lists a mandatory arbitration clause that has been buried in terms of services for a decade. it comes after investigations of violent crimes, where in some instances the company paid settlements to avoid court filings. lordstown motors, shares falling after warnin

well protected. >>> airbnb and doordash announcing their numbers moments ago. great to see you, as always thanks for joining us. how does airbnb compare relative to some of the other travel holiday companies that have reported recently. >> two points. one, this has been a high bar expectations quarter i think we tracked almost 90% of consumer internet stocks, almost irregardless of their results. multiples in the group are still elevated they probably need to come down. dramatic recovery in leisure travel demand, and a bit of a p pause in july. now airbnb is warning that these delta-related issues are causesing a rise in cancellations, and a bit of a pause in bookings. >> did that help, relatively speaking, in comparesing to other companies? >> across the board consumers became more aware of alternative accommodations during the covid crisis, and they booked more of their leisure travel with travel accommodations, i.e. right down the runway airbnb has materially gained share as an online leisure company in the last 12 to 18 months there's a couple other ways in

and so, you know, as a result of that, i think that is where doordash is really been able to kind of run with the ball on their loyalty program. and we think after labor day, uber will be named much more competitive position with them as a super app in the loyalty program, and then severally, you know, compared to lyft, we look at uber's ability to add more drivers in the quarter lyftwas 23%, we think they're basically, you know, at 2x kind of where lyft is as far as adding drivers, and that's a big concern for people how effective will uber platform work when consumers go back to work >> that's interesting. i want to ask you whether or not we always talk about disney as being a hedge between a reopening and a reclosing of the economy. the idea that uber is the same thing between rides and eats, is that false is that a strawman narrative, one has to suffer at the expense of the other >> generally in e-commerce you see that when someone is trying something new. you don't put the genie back in the bottle to the extent that covid brought more consumers to try food delivery, of course th

doordash reported a pretty strong quarter.ave to do with doordash, or softbank trying to address some of its own losses? ed: great question. the shares opposed of the biggest drop since early june. when you see a trade like that, the psychology of the market comes into play. it is also just an issue of market mechanics. you flood the market with supply when you sell that many shares. as you say, the story of doordash has been strong. they have had staying power throughout the pandemic. yes, shares are down from a february high, but this is much more a story about softbank. softbank has been on a selling spree. pull up some of the stocks they sold. in the second quarter they trimmed their stakes in companies like facebook, doordash and netflix by $14 billion. the question is why and who is behind it? let's bring up a picture of the most important man in the world of private investment startups, masayoshi son. for so long, he was against exit. he was against liquidating. against cash. but they want to infuse new cash into startu

they demanded doordash show workers their tips before delivery. $3 per delivery to just $2. they add because of the recent pay cut and higher gas prices they are not making any money. we reached out to doordash for comment and their statement says in part, quote, while we are monitoring conditions it's important to note it's a minority. parents, teachers, students, retirees and small business owners who come to the platform for the flexibility it provides. end quote. >>> bart is moving forward and inching near prepandemic service levels. beginning tomorrow it will increase services on some lines and extend closing times to midnight monday through saturdays. bart will increase direct trips to sfo on sundays. >>> happening today, a group of bay area firefighters is empw the 20-year anniversary of 9/11. and they have been preparing for the bay to brooklyn ride. they have been training in los gatos. the trip is expected to take them 40 days. they leave from the santa clara fire station at 6:30 this morning, and best of luck to them. >>> one person ver

>> yeah, you see that reflected in thevalue of uber where today, lyft plus doordash is bigger than uber from a market cap standpoint, and remember, uber's three times as big as lyft in the u.s., and uber used to be bigger than doordash in the u.s. so something is wrong there. i think what you're seeing is the unit economics that lyft was able to get per ride last quarter and the unit economics that doordash was able to get per delivery last quarter were significantly better than uber they were just more efficient and the market is crediting them with that and sort of dinging uber with that inefficiency. >> right, and sort of a notable difference between the two lyft and doordash, is they're sort of growing organically, they're staying pretty focused, but the ceo's focus has been one of deal making which investors haven't really appreciated so far. do you think that continues or he needs to step back and look at that organic growth and not do any more deals, perhaps >> i have always been a big fan of organic growth, because that gives people in the company growth opportunities that means

companies uber, lyft, doordash, instacart, lobbied heavily. it allows them to classify workers as contractors instead of full-time employees and benefits that come with that. california judge says this law is unenforceable. what does it mean for their drivers and business models? josh, this came out late on a friday. as i understand, pretty unexpected. how much of a surprise was this? josh: this was a big friday night surprise for a lot of people who saw this lawsuit as a longshot, a challenge for union organizers to overturn the law. but the state judge sided with these challengers saying that the proposition is unconstitutional, crucially because it contradicts the authority that the state legislature has under the constitution to govern the state's worker contribution system. prop 22 deemed these workers to be contractors and not employees, which excluded them from protections including workers comp. a judge said that the ballot measure went too far in disrupting the rights that the constitution specifies that the legislature has to govern

doordash is reportedly explored a $50 billion deal to buy instacart. well, we will talk the speed bump that killed those talks that sounds like a big number, though maybe not quite that big and palantir sees a huge jump in revenue growth, but its back strategy is catching our eye this morning more on how the company is investing in other tech companies. carl >> jon, first up in the feed today, congress opening the side door, a bipartisan group of senators unveiling a new piece of legislation aimed at cracking down on apple and google's mobile dominance the new bill would bar the tech giants from forcing developers to use their app stores and payment systems. also let developers tell their customers about lower prices on their own platforms. in response, apple said in a statement that its app store is the cornerstone of our work to connect developers and customers in a way that is safe and trustworthy. however, the bill would create exceptions for actions by the major players to protect user privacy and security here we are, once again, d, back to the a

plus, uber, lyft and doordash shares up despite a big blow to their labor.he controversial ruling on prop 22 will be overturned. we are joined for a conversation on everything from direct listings to crypto to robinhood, which he calls more of a casino than a trading up. and hitting the streets in the public markets. we talk with this ceo to talk about expanding into bikes. all that in a moment. first let's get a look at the market with bloomberg's kriti gupta. take it away. kriti: another record high for the s&p 500, 50 record highs for this year, that's the most record highs. this is a crazy year. we have seen the most since 2017. the blue line here is the day the s&p 500 once again hit the blue high. i want to show you what it did intraday. it really only drifted marginally higher. no major movement. tech was the major performer. it didn't actually lead the benchmark to record highs. money going into -- coming out of treasuries, i should say, as a result. yields going higher by as much as six basis point, ending the day higher about four basis points. i w

we look forward to having richard on >>> the new roadblock facing uber, lyft and doordash. shares of those companies are recovering after big losses premarket after a california judge ruled that proposition 22, that's a state measure, exempting companies that rely on gig workers from treating them as employees, ruled that it was unconstitutional, despite 60% of state voters supporting the measure last fall. the judge called it a violation of workers compensation law. uber responding to the ruling by saying it defied both logic and the law and about to appeal. the news comes as wall street gets more bullish with morgan stanley calling it a top pick and ever corps and oppenheimer did the same last week the street loves uber, but we got to note, it is -- it has underperformed since ipo, still trading below its ipo price. and agree or disagree with this ruling from the judge, getting a lot of opinions on both sides, it does raise questions about their playbook there is huber, $40 a share. ipo at $40 a share this is the playbook, the one we saw play out in california, that cost

. >>> some doordash workers went on strike protesting pay.they demanded they show workers their tips before they agree to a delivery. they're demanding a base pay of at least $4.50 an hour. the company recently cut their pay from $3 per delivery to $2. they add because of the recent pay cut and higher gas prices they aren't making any money. doordash's statement says in part, while we monitoring conditions, it is important to recognize this is a vocal minority. there are over 1 million monthly dashers on the platform. those who come to the platform for the flexibility it provides. . a moment ago we were talking about alex massalias. >> going for bronze. new rules for fencing were adopted because of the pandemic adding a whole new protection for athletes. literally. doctors created special masks fencers can wear under helmets to help stop the spread of airborne particles. >> with the paper mask, they would sweat through them. so we were discussing double layer, even triple layer cloth masks that they would wear during competitions. >> some of

jon, we do get doordash after the bell tomorrow. remarkable noted this before.ow differently investors value these two ompanies doordash shares up 30% year to date look at something like its priced to sales ratio, nearly double that of uber. we know tony schoo has grown this company in terms of convenience delivery more organically. >> doordash might be uber's best argument here, saying, hey, look we're not clearly that big in delivery look over at doordash, and, by the way, our ride-hailing business has not helped us push into that area we'll see how they make this argument, carl, but definitely not the landscape we saw a few years ago. not sure, kind of an acquisition works have gotten, or this kind of partnership would have gotten this type of scrutiny? >> yeah. seen a lot of -- you know, pressure from regulators on social media, and ecommerce, but delivery would be a new chapter, if, in fact, lina khan wants to take the commission that way we'll find out. >>> when we come back, reporting earnings first time as a public company. the ceo joins us other side of

stock three is doordash.rybody continues to order everything gross order volume and orders hitting new records in the second quarter however, doordash predicting a slowdown as we take advantage of summer to actually, go out leave the house! doordash down 5% the bonus fourth stock is adidas it is selling reebok to authentic brands for $2 billion. they bought it for $3.5 billion as they look to expand the presence in america. sales lagged those of adidas itself they decided to dump it off and sell it. >>> we have more on "worldwide exchange." on deck, the get out andtravel trend and boost of the few under the radar names you may have missed in the reopening trade. it has to do with travel insurance. every time you book a trip, you check the box. you want to buy insurance. what does it cover contessa brewer is back with that story we are back right after this >> announcer: today's big number $2.5 trillion. that was the total u.s. budget deficit in the first quarter of the year the deficit narrowed more than rlr.

plus, uber, lyft, and doordash are all up, despite a big blow. the controversial ruling on prop 22 will be overturned. joining before and extended conversation, which he calls more of a casino than a trading app. bird scooters hitting the streets and the public markets. our conversation with their ceo to talk about expanding into bikes. first, let's get a look at the markets with kriti gupta. kriti: yet another record high for the s&p 500. that makes 50 record highs so far this year. i keep saying record highs to make sure our nerves -- our audience understands this is a crazy year. this chart is showing, every blue line is a day the s&p 500 once again hit a new high. i want to show you what it did intraday today. it really only drifted marginally higher. no major movement. tech was the major performer. it didn't lead the benchmark to record highs. money going into -- coming out of treasuries as a result, yields going higher as much as six basis point, ending the day higher about four basis points. i want to show you what big tech is doing. today

down 7 and 1/3 percent door doordash down 1.7 and uber turned around by about a third of a percent.over gamestop and amc the reddit is taking up a new name, support.com actually climbing all week long but right now, it's up 52% and has rallied more than 400% this week alone courtesy of a social media driven short squeeze. the hype also being fueled in part by the crypto markets bounce back as support.com is a company that looks to seal a deal on its planned reverse with bitcoin miner green ridge generation holdings a shareholder vote on the deal is scheduled for september 10. taking a look at cryptos, that bounce back in full effect at this hour we do have bitcoin up 2.5%, 48, 374, ether up 3 1/3%, up next, what does the re emergence of this isis-k group this off shoot in afghanistan, really mean for the security of american businesses both at home and a broad? we take a deep dive with one of the top america's longest war, is your business prepared with the right security? we're coming right back, don't go away dow is up 246. as i observe investors balance risk and reward, i see one

ed, doordash just reported a pretty strong quarter.ftbank trying to address some of its own losses? ed: the shares the biggest drop since early june and you can see that on my screen. the psychology of the market comes into play. a big investor dropping big chairs, other investors starting to sell. this is an issue of mechanics. when you sell that many shares, you for the market with supply and drive the price down. take a look at how stocks perform. the story has been strong. it has been stickiness with food delivery. my favorite buzz word. it has staying power. shares are down from a february high marginally, but this is much more a story about soft make. softbank has been on a selling spree. they trimmed their stakes in these companies -- facebook, uber, doordash, netflix. the question is why and who is behind it? bring up a picture of the most important man in the world of private investment startups. for so long, he was against liquidation and against cash. but they want to infuse new cash into startups. what we are seeing is this

. >> i am a doordash -- i was telling tracy come our executive producer, i've got to chill with the doordashoes add up. if you pay attention -- i love doordash and uber eats and all that stuff, you start, that order cost me $12, if i walked in, it cost me $22. >> shannon: i know, it is true peter but sometimes you think, might as well order ten meals because i'm going to get it alld this one order, and i can eat it over the couple days. >> when i come back at the end of the show, something you just said, i think you will love the face -- let's just say, the little rescuer that we are going to share. i will tell you about that in just a bit. >> shannon: you know i will love it, and don't make me cry. >> i promise i won't. >> shannon: only happy tears. thanks, kevin. and agency in washington state apparently forcing employees to complete what critics are calling it racist, antiwhite diversity training. we've got the documents so we will see what you think i'm a part of our lightning round with guy benson and jason rantz. they are next. ♪ ♪ to 3-on 3s... 2-on-2s... and 1-on-1s. at aspen dental,

haskett initiating uber and doordash as buys a 50% swing to the upside.ght division an under appreciated business for doordash, it's a price target of 206. more than just a covid winner. the firm says the dash is a long-term play on a secular change toward convenience. hasket not so bullish on lyft. keeps the stock in neutral for now. a lack of covid hedge the catalyst there uber is down double digits for the year, but both dash and lyft have risen by at least 15% one headwind that could turn that around and that's new york city our friend laura foreman at the journal writes this morphing that the big apple is looking to take a big bite out of food delivery passing five bills recently that would shift some of the power away from food delivery platforms like grubhub, doordash and uber and into the hands of struggling mom and pop shops. one bill haved around extending the temporary caps on the commissions that uber, dash and others can charge restaurants until early next year. these are stocks we continue to watch. let's get to "the half." >> thanks. welcom

which is exactly what doordash is doing. they control 80% of the market for the third-party restaurant delivery apps. there is a huge consumer base. these are big thanks for uber. we should start looking at this competition as really competitive. we should start looking at the competition between uber, doordash, and instacart on the delivery side. that is not even mentioning amazon and walmart and kroger who have their own large grocery businesses. emily: thank you so much for joining us. thursday, you do not want to miss it. my live conversation with the ceo of uber. also the lyft president will be joining us. we will get both of their perspectives on the results. sticking with earnings, rare quarterly earnings. the carmaker hurt by the $800 million cost of the recall. following chevy volt battery fires. mary barra telling the company they are dealing with a semiconductor shortage. take a listen. >> we will be very fluid. right now we work daily for the team. we are looking at making sure we understand the semiconductor sit

and then comes after doordash and new customers.g out of the pornography business. in october the company will prohibit exceptionally explicit content on its website, although some nude photos and videos will still be allowed. only fans has attracted more than a hundred 30 million users. it's popularity increasing during the pandemic as sex workers, musicians, and online influencers use it to charge fans for content. shery: as we head to the opening in china, we are not holding our breath for any relief when it comes to the credit markets, when it comes to equity markets, given that we thought perhaps with huarong receiving recapitalization, we were a little in the clear, but take a look at this. selloff in chinese corporate debt. investors have lost 10% and junk rated corporate dollars. we have more bad news for china evergrande with regulators in beijing telling them to refrain from spreading untrue information. haidi: that divergence between huarong is really elster to in the point that beijing is trying to make that one recapita

how does that continue to take shape and evolve over the coming months >> i think both airbnb and doordashuffered, to some degree, from very aggressive valuations they're basically flat since the first trade. they had the pop and then they're flat there hasn't been a huge winner on these sharing economy, gig economy, consumer apps, even the killer apps. they have scaled, to some degree, a modern e-commerce utilities. they're kind of necessary, everyone loves them, but the business model isn't following through, and people are not clear how that shapes up over time. >> and profitability tony to go the overhang here, too , which i realize, you know, posted positive ebitda, but has not yet had a profitable year. we're talking about these big, basically society-changing, disruptive toes, but what does that ultimate path to profitability look like? >> one of the things you adjust for and add back is stock-based compensation that's one of the things that airbnb and all the rest of them have have as a headwind. you know, it's not killer, because snap was in that situation early on, and that's bee

doordash. (man) eye contact. elbow pump. very nice, andrew. very nice. good job.ard for those fees. no hundred-dollar fuel fee? pumping gas makes me woozy. thank you. no $600 doc fee? ugh, the printing, the organizing. no $200 cleaning fees. microfiber, that chaps my hands. you know, we should go over there right now and show 'em how fees are done. (vo) never pay a dealer fee. with carvana. team usa is ready for the olympic games... ...and so is sharon! she got xfinity internet and mobile together... so she has fast and reliable wifi at home... wow! ...and nationwide 5g on the most reliable wireless network... oh my gosh! ...plus up to 400 dollars off her wireless bill! wow! cheer on team usa with xfinity internet. and ask how to save up to $400 a year on your wireless bill when you add xfinity mobile. get started today. so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they

sources tell bloomberg softbank is offering $2.2 billion of its stake in doordash in a block trade.ly tripled to $14 billion last quarter and it comes after doordash signaled declines in new customers. johnson & johnson has named -- as its new ceo. he will be taking up the role on january 3 after serving as the vice chairman since 2018. he will also have a seat on the board. he replaces alex gorsky, who said he was stepping aside due to family reasons. shery: let's get a quick check of the markets. kiwi stocks trading like this. they are down about .2%. this of course as we continue to watch the rbnz. governor are coming on the show and talking about their decision to keep wrench marks on hold but also bringing forecasts for higher interest rates. sydney futures at the moment looking higher. this on the back of the longest losing streak since october. nikkei futures unchanged. we saw a slight gain on the s&p 500 in the new york session. coming up in the next hour, we speak to emily wise of state street for her market strategy plus bloomberg equality, focusing on the future of women

deliver this doordash could be making a massive deal turning the world of delivery upside down. those stories straight ahead as "worldwide exchange" rolls on right after this if you're 55 and up, t- mobile has plans built just for you. switch today and get 2 lines of unlimited and 2 free smartphones. plus you'll now get netflix on us. all this for up to 50% off vs. verizon. it's all included. 2 lines of unlimited for only $70 bucks. and this rate is fixed. you'll pay exactly $70 bucks total. this month and every month. only at t-mobile. ready to shine from the inside out? try nature's bounty hair, skin and nails gummies. the number one brand to support beautiful hair, glowing skin, and healthy nails. and introducing jelly beans with two times more biotin. every single day, we're all getting a little bit better. we're better cooks... better neighbors... hi. i've got this until you get back. better parents... and better friends. no! no! that's why comcast works around the clock constantly improving america's largest gig-speed broadband network. and just doubled the capacity here.

uber, lyft and doordash plan to appeal the ruling.f a says the street is likely to see the appeal being successful but it could take close to a year if it goes to the state supreme court. >> the research is saying this ruling is not going to hold up it is important because everybody costs a lot more the value proposition is not clear if they all have to stay paying benefits. >> under the law, under prop 22 they were paying if you worked a certain amount of hours, i think 15, you were eligible for certain benefits so there was an additional cost being borne. we talked about the price of your uber or your lyft is not what it was a year ago. >> no, wow. >> it's gone up. >> but lyft says they have many more drivers coming and they're making a point that lyft and uber are not the same. really to the point where they're saying, listen, our benefits are greater so people are becoming lyft drivers and not uber drivers i don't know, carl, look, i'm an uber guy that's probably -- at this point i think that's probably wrong judging by what lyft

-- huber and -- uber and doordash and the like will likely still win that battle.hevy volt in an extended recall is going to cost the company and add to about $800 million it spent on another recall back in july. tom: mary barra, when she is talking to david westin, everything is happy, happy. did i hear you say this is the second recall? romaine: it is actually the third recall. but you make a good point here. she has done a good job of putting a face on this, but remember, a lot of the reason why we see shares have rallied the months prior to this is largely because of cost control measures borr -- control measures barra put in place. of course, the boat is going to be the legacy vehicle and all of this, but definitely raises questions about things going forward. keep an eye on pfizer and all of the other vaccine stocks expected today or tomorrow to gantry -- today or tomorrow. the fda expected to grant full authorization. tom: is that not a typo? romaine: that is not a typo, pfizer buying trillium, a big oncology company. they are offering $18 50 since a share f

doordash. when i get a migraine, i shut out the world.th nurtec odt that's all behind me now. nurtec can now treat and prevent migraines. don't take if allergic to nurtec. the most common side effects were nausea, stomach pain, and indigestion. ask your doctor about nurtec today. as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. there's a world where every one of us is connected. everyone. everywhere. where everyone is included. where everyone has access to information, education, opportunity. ♪ ♪ ♪ when everyone and everything is connected. that's really beautiful. anything is possible. good morning. cisco. the bridge to possible. >>> president biden is touting big wins on the infrastructure agenda today. senate democrats advanced $3.5 trillion budget outline over night. and this framework calls for a historic expansion of the social safety net including free pre-k, ambitious proposals on climate and there are giant obstacles ahead in the house and the

stuart: you have the story of a doordash, doordash driver really, really want ad tip.left on the door, he was prepared, typed it up. if you can't afford to tip, you should pick up your too food yourself. he left his venmo address. this is going viral. sparking dedate, restaurants and customers we're so thankful especially during the pandemic you kept restaurants open and kept us fed by delivering food but the fees are exorbitant. not only fees we pay, but the service fees and commissions restaurants have to pay. when some cities came in said this was too much, they capped those fees, doordash said we'll add another surcharge. so sometimes when i don't feel like cooking, you know, let's have something delivered, i look how much it will cost me to get that food, then i have to tip the driver. i think the driver should be tipped, don't get me wrong. i would rather boil some pasta instead. it is so expensive! stuart: good point. they take a lot of money out of you to deliver. lauren: have you ever order had that doordash experience. stuart: i never ordered food for deliver

shares of doordash are lower. doordash stock has climbed about 4% in the last month.is the bloomberg business flash. i've heard guy is a big fan of takeaway. alix: are you? guy: that couldn't be further from the truth. laura is having a little fun with me. alix: i wouldn't think so because you live in the middle of nowhere, right? guy: there is that. though deliveroo is apparently coming to the little area i live in, so you never know. alix: thanks, laura. robinhood's first earning report as a public company can complete with the warning that the product may be on the way down. bloomberg's dave wilson is looking into the details. dave: you're talking about a company whose revenue more than doubled in the second quarter from a year ago. they had a bigger loss than they expected. that was largely the result of changes in the value of convertible debt and in response to robinhood's debut as a public company. what is interesting is if you dig into the results, you see that transactions accounted for about 80% of robinhood's revenue in the quarter, and from there, we tend

continues to evolve that's clearly been the way the consumer wants to shot just like we saw from doordashing they have to say will also be very interesting >> mike, clearly the u.s. indices have been grinding out those new record highs over the course of next week. the place that's been heading new highs with quite a lot of momentum and significant gains has been europe. i just wonder to what extent that could come 2349 u.s. in a way it has done here, or whether it's a more meaningful shift. >> i do think the market is basic as if there wasn't an across the board type move 9y there's a clear path to get the better year-over-year numbers. to me that's where the market is registers those gains. here we got the credit for the big reopening, then a reset and rethink, and now maybe we're looking for another move higher. it's plausible there could be some reallocation out of the u.s. equities, because the outperformance has been so massive for so long. asia has been a very poor performer compared to both of them so, you know, this has been one of those, you know, footballs we have approached ma

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. >>> doordash benefitted from people staying at home. it continues to benefit. on the app it expanded into drug store deliveries. the company says that expansion has cost it a lot of money. while business is up, it's not making a profit. billionaire bill gates will contribute his own money to build back america if the bipartisan infrastructure bill becomes law. he promised $1.2 billion for things like clean energy and ways to reduce emissions. the day at new records. 50th day, pretty close, that has been true. you see on your screen, the s&p, the dow, they're all hitting new highs thursday. you saw the futures earlier. they looked good. the dow pushed by disney, not a big increase when you look at the numbers there. i don't know. one half of 1%. as we were saying earlier, if you win the race by a half a second you still win the race. >> that's right. >> photo finish sometimes. >> all right. thanks so much. >>> ford says production of its new bronco suv is going to be delayed because the plastic roof could fade in hot and humid conditions. the company says the pr

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i love the convenience of doordash and other food deliveries right there and an aggregator here in saratogae have a lot of good local restaurants. i think it's easy for these companies to come in and bring their own driver workforce and reduce the fees. you really look at -- it's like that coinbase discussion you look at what you're really paying for for someone to bring your food to you it's space that invites competition. there's plenty of people out there who are embracing the uber and lyft lifestyle they don't mind working after hours with the time they have at home i think it's a business individual restaurants can compete against well so i like it domino's, it's unbelievable what this company has done so i think they're kind of going out ahead. i like where they're headed with this. >> pizza basically sells itself, right? thanks to all of you bob pisani, kate rooney and todd gordon. >>> markets are heading higher today. smile direct investors not smiling today. all the big movers are coming up next what happens when we welcome change? we can transform our workforce overnight out of co

mean do you order from doordash?to know. >> yes, and it can be expensive-- no, i'm just kidding i don't expense it, but you have to try these services if you want a opinion and anyone can do it. stuart: okay. i will try that, maybe. mark mahaney, very interesting. thank you for joining us, mark. >> have a nice weekend. stuart: half a minute to go, 30 seconds and we will open the market. at the moment we are looking for a modest gain, pretty much across the board, 60 dow jones and for s&p and maybe 10 for the nasdaq. please remember yesterday the dow jones closed at an all-time record high. yesterday the s&p closed at all-time record high. we are on a roll. the market's been going steadily steadily higher and higher and higher again and this friday morning when the bell stops ringing and we start trading, you will probably see it go up a bit more. 9:30 a.m., august 13, 2021. we are off and running and from the get-go we are up 80 odd points, 90 points, we have a split field. dow 30 shows half of an up and half down. t

talk about the changing habits, we just got earn frgz companies in the shared economy, uber, lyft, doordash, airbnb what did you make of them? there was some caution you talk about people wanting to get back out there that's what airbnb has seen. a lot of caution on their outlook, especially in the fourth quarter >> yeah, and, again, i think it is just because, number one, it is really fluid now. we're not sure what is going to happen with these variants we had a lot of promise and hope we saw some openings, but i think it is the right frame of mind from the leaders of these companies to provide some guidance, to be cautious because i think even with their ability to look forward is just not clear as to what behaviors the consumer will continue to purr persist what we might see with future lockdowns or the inability to continue to go out and do the things we want to do. overall, again, i remain bullish, i think what we're going to do is see an opportunity right now to be able to buy, for some of those people that may have missed some of the gains, if there is patience applied by making thes

doordash. hey yo, grover! you like ramen?ant to give you an update on the latest on hurricane ida, which has been slamming into louisiana. this is a monster storm. we're getting a number of reports of flash flooding, but we're now also getting information that a levee might have failed. i'm going to go straight to pedram javaheri. pedram, hi. if you can tell us, what is happening on the ground? it's middle of the night. it's difficult to assess the damage, but emergency services are issuing a warning that is very ominous in one area. >> it is very ominous. it is across the highway 23 region there in northwestern areas of louisiana, and this is an area that's been very hard-hit the last couple of hours. the levee failure being reported in this region by local police officers that have been patrolling the region, kind of seeing the damage take place. we have additional reports as well from trained weather spotters that we're getting here at the cnn weather center saying multiple houses on fire across the northwestern region of

charges for uber rides, jumps 53% more in june than it did in january and food delivery service doordashon additional fees. in response to that ruling, later today, leaders from the union, california drivers and their attorneys, they will all join to share their thoughts on the ruling. this will take place over zoom. it will begin at 10 and we will let you know what comes out of that briefing. again, it is not in person. it is over zoom so we'll try to work on getting that up so you are all able to view that as well. we're live in san francisco, cierra johnson, for "today in the bay"ing. >> thank you. >>> when it comes to making it in the bay, marin currently has the lowest unemployment rate anywhere in california. the edd on friday released the july county by county jobless numbers. marin has the lowest rate anywhere at 4.5%. san francisco 5.2%, santa clara is at 4.9%. the bay area added close to 15,000 jobs last month. the statewide unemployment rate is 7.6%. >> i see those help wanted signs everywhere. >>> leaders are one step closer to making the town's no host short-term housing ren

domino's pizza is taking on apps that charge extra fees like uber eats and doordash.ing away $50 million of free food. now through december 1st people could get an extra item at no charge. it's added to 1 in every 14 orders. anne-marie. >> i predict many orders going to news rooms because there's one thing journalists love, it is free food. >> newsroom free pizza. i know. hopefully it starts a trend. >> right. it's great for the rest of us. >> right? >> diane king hall at the new york stock exchange. thank you so much, diane. >> you got it. >>> up next, elevator nightmare. people in an elevator got stuck in some deep water during a flash flood. we will tell you how they got out. this isn't just a walk up the stairs. when you have an irregular heartbeat, it's more. it's dignity. the freedom to go where you want, knowing your doctor can watch over your heart. ♪ age is just a number. and mine's unlisted. try boost® high protein with 20 grams of protein for muscle health. versus 16 grams in ensure high protein. boost® high protein also has key nutrients for immune support

in the u.s., we have partnered with third-party operators like uber eats or doordash. we do about $6 billion of sales per year through delivery which is growing in the high teens globally. >> another is digital. you can buy things digitally. >> everything is moving to the app. for us it has been an interesting evolution to see where for years and years, the center of the relationship we had with the customer was in the physical restaurant. what we are seeing with generation z and millennials, it is moving to a more digital relationship. today, in almost every single one of our countries, the u.s. being a prime example of that, you can download the mcdonald's app, you can order your products through the app. an exciting thing we are doing this month is rolling out royalties. -- loyalty points. >> it is your frequent flyer version. >> the last is dine in. that used to be the last thing that people did. is that a smaller and smaller part of your business? do you need the spaces in your restaurants? >> it is an important part of our business because a lot of interaction an

parts of the world like in the u.s., we have partnered with third-party operators like uber eats or doordashso right now we do about $6 billion of sales a year through delivery, which is growing globally. it has been pretty remarkable. david: another is digital. you could buy things digitally. how'd he do that? -- how do you do that? chris: everything is moving to the app. it has been an interesting evolution. for years the center of the relationship we had with the customer was in the physical restaurant and what we are seeing with gen z and millennials's it is moving to a digital relationship through the app. in almost every single one of our countries, the u.s. being a prime example, you can download the mcdonald's app and order your products through the app. an exciting thing we're are doing this month as we are rolling out loyalties, so when you buy you also with -- you also get loyalty points. david: your frequent flyer version. in the last d is die in. that used to be the thing that people dead, but now is that a -- the last d is dine in. that used to be a thing that people did, but n

. >>> doordash -- per share worse than the 20 cent loss analysts expected revenue $1.24 billion, up 83% a year ago when nationwide shutdown and propoled the blistering growth as more people ordered delivery the cfo saying he expected stickiness in the behavior but said the pace of growth likely wouldn't be as dramatic for the rest of the year and a programming note the ceo of doordash on "techcheck" happening at 11:00 a.m. eastern time in morning. >> the two watch must watch inflation reports show what's been true anecdotally is true on the macrolevel companies able to keep pace with rising input costs by passing them to consumers. that's been good for stocks so far. steve liesman joining us now with more. that's really the case, steve, right, you got cpi, ppi hotter, stocks set a record again. >> yeah, that's right, scott but look pressure could be building on company bottom lines here and the reason you said are the two big inflation reports this week showing consumer prices moderating but wholesale prices, well, they continue to surge if prices can't be passed along to consumers marg

was there for many years to 1970 71 when they thought down the beach and we bought the trademark doordashit's it and we started making our own cookies dot own formulas. we get them in from the local farms. we process it here and we get the whole thing together. the ice cream cookies and the childhood and become good. all that, said company president charles shamir says it's it is all about family. where is the family company, and it's owned by three families. basically we're going to keep doing what we're doing. everyone get along. oh, yeah, definitely it for over 50 years. yeah and when it comes to how and it's it is made well, as the saying goes, if it ain't broke. don't fix it. we have far more that we haven't changed since we started. so if you start eating and it's it like a year ago, 10 years ago or in the next few years, nothing's gonna change. we use the best product. we don't have. use preservative because we make the cookies ourselves, and it gets frozen within 3 to 4 days for being mean. but just because you have the right formula doesn't mean you can't mix it up with new produ