doordash. >> yeah, well, doordash we think could be a higher growth business the ebitda is shifting our valuation methodology from revenue to adjusted ebitda and the reason why uber is our top pick right now in the space is because of the focus on profitable growth. today was a great example of that they beat on adjusted ebitda. and still getting back to those levels that it was back when the department of labor came out potentially negatively against them the company saying that it won't impact them. but we still think that there is a long way to go we think likely that they will hit their 2024 tar g2kge hit their 2024 tar g2ks of $5 billion ebitda >> so there is still noise here because that takes out stock based compensation which is almost as much as adjusted ebitda how do you square that >> tait is a good question and focus of investors we also look at free cash flow something that we incorporate into our vlaaluation and invests are really caring on the increment too is what matters. and i think a lot of companies are tightening their belts more in terms of stock based compensation

doordash up double digits right now. they're beating forecasts. record high as demand for takeout holds up for higher prices and inflation. they're starting to see an impact from people buying fewer times each time they order and tony xu is coming up at 8:15 and we want to touch on chinese tech charts. you see the big jump right here. billy billy up 20% jd up for the week some of this move is on the hopes that china's zero covid policy is coming to an end we've heard rumors about that. it's a hopeful sign for people who have invested in these china tech stocks after $6 trillion in losses over the last two years. >> frank, i had an idea for you, and you got to jump on it. your segment, frankly speaking if you don't want it, i'm going to talk to robert frank -- >> this is a discuss we've discussed on several occasions this is not an original idea >> it was original the first time at least i think it was. >> what happened to the podcast we were supposed to do. >> frankie and joey. >> i know, we're going -- we need to move on. we need to move on to be

doordash is laying off about 1250 people in an effort to cut costs.ording to an internal memo seen by bloomberg. the cuts will affect about 6% of the food delivery services workforce. doordash saw his business boomed during the pandemic but it is still unprofitable. more tech companies lay off employees and the u.s. government is taking advantage of the growing pool of talent. executives from the u.s. veteran affairs office are on a mission to recruit top designers and engineers for the agencies. but enticing workers to jump ship to close the gap in government will be a daunting task. historically, the u.s. government has long trailed the private sector pay, driving much of the staffing shortfalls. and crypto doubter cracking is reducing his workforce by 1100 people or 30%. that is part of the plan to adapt to current market conditions according to a statement on his blog. coming up, the latest from sam bankman-fried's ongoing issues. >> the shares have tumbled on guidance. the stock was down 50%. this is bloomberg. ♪ >>n. >> i am sure there will be m

stock three is doordash. beating forecast orders surging for the record high doordash is seeing an impact of people buying fewer items because they worry about recession. shares up 11%. doordash ceo tony xu will be on "squawk box" at 8:15 a.m. eastern this morning and expedia beating forecast gross bookings fell short of estimate it was another period of robust demand despite uncertainty shares up 2.5% peter kern will be on "tech check" at 11:30 a.m. >>> let's dive into the outlook for the travel space joining me now is richard clarke richard, good morning. >> let's talk about some of the results we have seen marriott, airbnb and booking what are these telling you about travel going forward what are we seeing in the keyhok key holiday quarter? >> we are seeing a few of the companies looking at the festive period hyatt with the ledger demand is the best of the period up 30% on 2019 we got an early look into 2023 they are saying robust demand into 2023. right now, the most of the big stocks, we are not hearing

the famous pivot that you have to have, that's what i think they want to do at doordash.t was a, perhaps, credit karma is losing its karma. >> they talked about, yeah, degrading fundamentals across verticals. >> yeah. i mean, that's -- that was just a tough one. not good that could be further cuts from intuit going forward and crowdstrike was just plain-out disappointing, although george did say the big deals are okay, it's the small and medium-size businesses when you start seeing that c-suite takes longer >> crowdstrike's a disaster, man. the stock's losing a fifth of its value. >> i'm a diplomat. >> it was really the revisiting annual revenue expectations that hurt them. >> david's right it was disappointing it was bad >> the citing of the macroeconomic environment is being seen as almost a positive by some. >> good economic environment how is it possible that palo alto had excellent economic environment and crowdstrike didn't you know >> so, are you calling out crowdstrike for not being completely honest here about what was the reason for the shortfall? >> let me be m

doordash is laying off more than a thousand people and china, the economic activity index is fallingn the government was is a crackdown on hostile forces and we will speak exclusively with the bhp ceo mike henry. welcome to bloomberg markets. this is on top of mixed economic data we got but adp really rolling over but the third quarter gdp and consumer spending and business spending are still super solid. guy: what doou d with the adp number? chicago sucks. jobs are better. i don't know if you've noticed but despite what we saw, the jobs number looks good. you cut over 10 million and the expectation was 10,250,000 and we are down for revised lower number. nevertheless, this is the kind of data i think the fed will pay attention to. pending home sales numbers are not so good so that is definitely falling off a cliff now. on balance, we are seeing an effect in the housing market but not an impact in the labor market. alix: do you believe we lost 100,000 jobs in manufacturing in the last month? if you don't believe it than the labor market is holding up better than the housing market fo

did you guys catch tony today on doordash he said the food spend category has only been down twice ine toughest job, maybe, food. >> they good above on gov, and tony was on "squawk box" this morning to talk about the pretty good guidance and results. >> we had, you know, record great in terms of the volume that we delivered. we also beat on the bottom line as well, and you know, the resilience of demand for delivery continues to be really strong as reflected in our guidance as well, and so you know, in addition to achieving all of these positive things for the platform, we're very proud that we're able to generate tens of billions of dollars for merchants, tens of billions of dollars in earnings to dashers, and continue to reduce fees for consumers. >> back above the 50-day for the first time in almost three months >> these are so hard doordash, airbnb's hard. i find uber hard they always sound -- david, they sound so exciting to younger investors, because they've used the product. but that's been a terrible way to pick stocks >> it has, but this is a week in which uber began the week

meantime doordash raising up after reporting beats on the top and bottom line on the third quarter. strong guidance for the fourth quarter. and tony earlier touted the company's profitability. >> we've never been a platform that believed in discounting if you looked at, you know, the percentage of discounts, it stayed relatively small. most of doordash's growth has been organic if you look at our p & l, sales and marketing leverage is really has allowed us to continue to increase our free cash flow as well as achieve ten straight quarters of ebitda >> and that is relative of course we know food delivery companies do have a lot of promotions and discounts. despite his optimism, still trailing its peers in quarterlied a jadjusted ebitda. and i looked at stock based compensation, $482 million at dash lyft is going to be next week. but of course it is embarking on layoffs. and i think the story here is, you know, the key difference between dash and uber, which i always talk about, dash is investing in assets, it is building up its dash marts it ultimately wants to have this product that

. >> if doordash has a problem, they have someone on the chat with me right away because they don't want to lose a customer. we are the customers. >> they will listen and work with us on a solution where maybe we don't need legislation. dan: pop superstar rihanna's lingerie company will have to pay more than $1 million in fines to settle a lawsuit by santa clara county and four local governments. they claim the company savage by fenty deceived consumers by enrolling them in a vip program with recurring credit card charges. savage by fenty told customers that store credit accrued by membership could be used at any time, which turned out to be not true. liz: three suspects for wanting to use a vehicle popular at soccer games -- officers arrested the trio, dubbed the honesty burglary crew, named for the honda minivans they used in burglaries starting last munch. -- march. [no audio] >> if there was cash in the register, televisions, electronic equipment, those were taken oftentimes in stolen vehicles. liz: 31 cases were forwarded to the das office. formal charges are pending. dan: in oaklan

. >> 29 illegal purchases from amazon totaling $2000, 109 fraudulent charges using doordash spending nearly $4,000. and then there is the% cash withdrawn close to $5,000. berkeley police say that that's just some of the crimes committed by this woman identified as 44 year-old oakland resident, kai carter, this investigation started back in september. >> when the family were came to us the notice a loved one who is staying at the facility and they're they're the debit card missing. byron white with the berkeley police department says that the case cracked o skilled nursing facility where carter worked as a certified nursing assistant. >> made a number of charges. thousands of dollars of of purchases online and in some cases, cap cash withdrawal while investigating the first case. police say they were contacted by a second victim's family claiming. >> carter used the victim's checkbook the car to steal nearly $700 in court documents. police say carter admitted to caring for both victims and stealing from both. police say that carter had worked for the nursing home for nearly 2 decades.

doordash, 13%. not the story that we were expecting. no signs that inflation is determining the consumer from spending money on take out. i don't know about you, i haven't been doing much, i would love to, but also the coinbase is up with paypal lagging, down 7% in after-hours trading. slightly ahead of what the street was looking to, but it is the full year outlook they zeroed in on. revenue at $27.5 million below what they expected away from earnings season. the markets of the day were about the fed on wednesday, raising rates. the commentary that rates will remain higher in the face of inflation, the market is talking about recession fears. lowest level since july of 2020. the semi conductor index weaker as you was higher. what was the craziest story of the day? peloton. let me take you on a wild ride. down 16% after the company said revenue in the last three months of this year would be between 700 million and $725 million. below street expectations. the chart tells the story, closing up 8%. that's up a hill climb. you know, even mo

black, hispanic, and white workers for populism, let's unionize doordash.mp went up there and said, they're bringing drugs, crime, the rapists, you know? he said, i'm calling for a shutdown of muslims coming into america. you know? we are going to say merry christmas. he was dug, this close to saying the n-word, you know? that's what americans want. these this guy talks like us. he's our hero. >> there you go. that's what a big part of 2020 he's and trump was about. it got really ugly, if you recall, in recollection for a lot of people. in social media, specially from jewish -- causal being trolled on that platform by not sees. but the conditions of 2016 worked for trump, and so, those are the conditions trump is hoping to recreate. like when he associates with and refuses to condemn people like nick fuentes. and let's be -- about who nick fuentes is, someone who's really not worth our attention, but for the fact that donald trump has raised his platform. this is a guy who's said some truly reprehensible things. he kind of makes a habit out of it. i mean, i

stuart: doordash? lauren: up 2%. oppenheimer up graded them to outperform. liked margins. target going up to 70 they say. stuart: okay, i've beening bluee apron. lauren: they were down five days in a row, reported a terrible loss, much bigger than forecast and they with drew their full-year forecast citing uncertainty of anticipated funding. stuart: ouch. lauren: those are ouch statements as well. they also reported for the third quarter, despite increasing prices they still lost customers and the number of orders fell so. stuart: buck 80 it is for blue apron. now look at this please. the voice center at the university of south florida is working on an app that could diagnose diseases like cancer and park sin con's with just the sound of your voice. one of the leading doctors creating this project is with us. doctor, welcome to the show. can you explain layman's terms how this will work? >> of course. thank you so much for having me. the project is called voice as a biomarker for health. the goal is to capture as many voices as possible with people with these diseases to h

we have no interest in doing consumer delivery that competes with their eats business or doordash. but we do want to find opportunities for drivers who like driving on both delivery as well as rideshare. that said, ride-share drivers have historically earned more than delivery drivers on average. so we think our focus, particularly if we head into a recession where people spend less money on take-out or delivery and where transportation is more resilient , i think we are still coming off the tales of a pandemic where that was very popular and it was helpful to have those. in a recessionary environment, we are comfortable or confident focusing on consumer transportation. emily: the markets have not been kind to most companies, especially tech companies. lyft has a $4 billion market cap. would you consider a sale or merger at this point? john: we are focused on being an independent, profitable business and we are going to focus on that and stay the course. emily: thank you so much for joining us. make sure you vote everywhere and definitely in california. lyft cofounder and president

prop 22 went in the favor of uber and doordash, but this could be bigger than that in terms of incentivesy may have to give to the drivers. given that situation, it warrants a discount. the fact a company with a $30 billion plus run rate is barely profitable on the adjusted line tells you this is not an easy business model. guy: always appreciate your time. mandeep singh of bloomberg intelligence. we have a great interview coming up and we will get answers to the questions mandeep posed. the uber ceo will be joining us later on today. do not miss that interview. stocks having a good day today. coming up, we continue watching for signals with an impact on the fed. a dd bra of - -aditya bhave will be joining us later. this is bloomberg. ♪ >> we are about an hour into the u.s. trading session, trying to find some footing after isn data that was mixed and maybe addicting using. text, still the underperformer. abigail: it does seem as though investors are reeling to some degree. that speculation that china might be reopening but to your point, really just kind of chomping around, even not so a

that is helping boost the other delivery guys like lift and doordash.ll be ending add 3 -- and free articles. lauren: that was a perk of having the twitter subscription. this is one of the first of many changes under elon musk. the wall street journal reporting twitter. subscriber noller get -- no longer get free articles from hundreds of publishers. it is a new tier, a year-old, cost $5 a month. you can undo tweets, get content as in free articles. he wants to increase the cost to maybe 19, something less. he's taking away some perks. a lot of changes are likely to happen. stuart: like the price for example. lauren: very interesting. you might be waiting until november 8th and he can do whatever he wants and let whoever he wants back on. stuart: you never know. lauren: we have a ruling from the supreme court, they ruled on the tsa mask requirements. is the mask requirements staying in place? ashley: yes it is. california lawyer jonathan corbett argued during the pandemic the tsa did not have the authority to mandate masks on airlines and surface transp

profit after selling stake in alibaba vision fund totaling more than $7 billion with write downs in doordashg $1 million in losses on ftx. >>> and gap is selling on amazon customers were able to buy gap merchandise through third party sellers, this is the first time that gap itself is selling its products on amazon this comes amid a series of setbacks as it fights to boost sales. >>> berkshire shedding stake in us bancorp it owned over 53 million shares as october 31st. that is down from 144 million shares at the start of the year. b it did not give a reason for the selling. >>> and eli lilly is not offering free insulin. someone impersonated the brand on twitter eli lilly is in conversation with twitter on the matter. >> this needs to be fixed. >> it really does. another one with more issues we had heard about lebron james. just lots to keep an eye on. >> silvana, thank you. >>> coming up on "worldwide exchange." sam bankman-fried racing to drum up critical funds to keep ftx from collapse. what some of the biggest players are saying about the latest black eye for the space. "worldwide excha

. >> doordash have me on chat with someone right away. they don't want to lose me as a customer.look at social media platforms, we are the product. we are not the customer. >> the hope is that better partnership can be fostered easily and effectively. >> they will listen and work with us on a solution that maybe we don't need legislation. dan: now to cyber monday. after a long buildup of holiday season deals, today is one of the last days of deals for the year. despite record high inflation, americans opened up their wallets and a big way black friday this year. cyber monday spending is accepted -- expected to top that. cyber monday sales may reach up to $11.6 billion. >> cyber monday is a huge day for tech gadgets, videogame consoles, smart watches, phones, things in those categories. expect to see that. dan: adobe predicts laptop discounts will average around 27% off, like this one, 199 dollars at walmart, $100 off, or the back -- the macbook air for 79 -- for $200 off on amazon. smaller appliances are going quickly, like this coffee maker, marked down by $80. >> a big vote set

kumasi: if you work for doordash new safety measures are on the way. features. one can detect crashes, fires, and even shootings in an area and cancel orders. the other contacts a -- -- a dasher if an order takes longer than expected. if they feel unsafe, they can call 911. reggie: a grab and go smart fridge stocked with sandwiches and drinks. it debuted at uc san diego. the company plans to add more in airports and hospitals. franchises will prepare and deliver the sandwiches to refrigerators, and you will be able to order verbally for a contact-pre-experience. i could get into this. kumasi: the final round of jeopardy the tournament of champions continues tonigall thm california. we noemi schneider from oakland, sam boettcher is from pacific grove, and andrew is from san francisco. they are playing in at least three games, and that will determine who wins the title and a quarter million dollars. hi came in first last night. schneider is in third with $4600. you can watch the jeopardy weekends right here on abc seven at 7:00. reggie: if you are coming

. >>> as we go to break, a look at doordash the company cutting more than 1,200 jobs ceo tony shoe sayingote, we were not as rigorous as we should have been in managing our team growth. with that, though, shares getting a pop here at 4.5% in what's overall a relatively muted tape s&p basically flat we'll be right back. if your business kept on employees through the pandemic, innovation refunds could qualify it for a payroll tax refund of up to $26,000 per employee, even if you got ppp. and all it takes is eight minutes to find out. then we'll work with you to fill out your forms and submit the application. that easy. innovation refunds has helped businesses like yours claim over $1 billion in payroll tax refunds. but it's only available for a limited time. go to innovationrefunds.com to learn more. ♪♪ (vo) a medicare advantage plan should come with all the benefits you want and zero compromises. go to innovationrefunds.com to learn more. with anthem blue cross, it can. just go to anthem.com/answers or call 833-797-4179 for a free one-on-one medicare plan review. ask about our zero dollar

doordash slashing its workforce, ed ludlow has the story. you have been all over this idea if this is a peeling back of the hiring we saw two years ago or a canary in the coal line -- coal mine. what did they tell you? >> they are cutting the workforce around 6%, or 1250 workers it according to sources of seen in a memo. they are acknowledging macro headwinds. this is a company coming out the pandemic continues to grow. they had good bookings and topline growth in the third quarter. look at what the ceo is talking about and they are worrying that the expenses related to the growth of the staff and the pandemic period will outgrowth revenue. operating expenses was 2 billion, the recent revenue was 1.7 billion. this is a comfy that has fared better in recent quarters. kriti: headlines out of better as well, -- out of meta as well, scaling back its new york offices, in a cost-cutting pivot. when will it scale to the rest of the sectors? guest: every day there is a new headline to a cut of expenses, this is a real estate where they are giving up

meanwhile, doordash, oppenheimer turns bullish and takes the stock up to an outperform with a price target of 70 bucks that's almost 20 bucks higher than where it's trading this morning. st's up more than 1.5% improving reaurant margins domestically the catalyst there more "techcheck" in just a moment momeat humana we believe your healthcare should evolve with you and part of that evolution l medicare you are covered for hospital stays and doctor office visits but you'll have to pay a deductible for each. a medicare supplement plan can cover your deductibles and coinsurance but you may pay higher premiums and still not get prescription drug coverage. but with an all-in-one humana medicare advantage plan you could get all that coverage plus part d prescription drug benefits. with no copays or deductibles on tier 1 prescriptions. you get all this coverage for as low as a zero-dollar monthly plan premium in many areas. humana has a large network of doctors and hospitals. so call or go online today and get your free decision guide. discover how an all-in-one humana medicare advantage plan coul

it's basically a statement that's been blanketed across every company, including airbnb, doordash, your has proven with two straight quarters of growth in ebitda and free cash flow is that you can achieve growth and profitability, you can create a mobility and logistics network that's increasingly profitable. this feels really, really good to a lot of the early employees and investors that had to weather a lot of that naysaying. today uber has over 120 million active customers, it's done about 2 billion trips in the last quarter and it has net revenue of $8.3 billion. that's growing 73% year-over-year the ridesharing business is profitable it's proven profitable i want to say that again, it's proven profitable. this is a big deal, a good sign for a lot of other companies in the space, for a lot of other marketplaces today, uber from a marketplace perspective is the third largest marketplace behind amazon and shopify. the ridesharing business alone is almost $1 billion in ebitda the last quarter i think there's a lot of craft around the story of uber, but the original platform has prove

. >> 29 illegal purchases from amazon totaling $2000, 109 fraudulent charges using doordash spending nearly $4,000. and then there is the cash withdrawn close to $5,000. berkeley police say that that's just some of the crimes committed by this woman identified as 44 year-old oakland resident kai, you should carter. this investigation started back in september. >> when the family were came to us the notice that's a loved one who is staying at the facility, their their their debit card missing. byron white with the berkeley police department says that the case cracked open after being alerted by a relative of a resident living here. >> at chi, a community care, a skilled nursing facility where carter worked as a certified nursing assistant. >> made a number of charges. thousands of dollars and of purchases online and in some cases, cap cash withdrawal while investigating the first case. police say they were contacted by a second victim's family claiming. >> carter used the victim's checkbook the car to steal nearly $700 in court documents. police say carter admitted to caring for both

out there send it back to you, maria, is the question mark is one more live looking at headlines doordashingoff a bunch of their staff, when does that trickel out? maybe this month we start to see it. maria: waiting for when employment numbers catch up with weakening, cheryl, thank you a market that is rallying on number dagen let's not forget this is exactly what the federal reserve wants, your reaction to adp national employment report weaker-than-expected, right in line with what fed wants to do with all rate hikes, slow things down. dagen: right in line with what market participants investors want fed will slow the interest rate increases, and even indicate, not just smaller rate increases, but taking a pause altogether, so we have slight gains across the board here. but i would expect, brian can weigh in on this -- until after the holidays might expect a real -- layoffs, because we focus on like door doosh the tech sector, these once fast-growing companies so hard-hit with market downturn a lot of layoffs that you've seen sayat out of facebook, meta the like too many employees doing

doordash to cut jobs to rain and expenses. we wonder where the excesses have been.ects, operations and businesses. lisa: there is food delivery, technology companies have not been making money that are speculative in nature that are getting beaten down. doordash in the idea of getting your $15 salad delivered to your home during the pandemic is going to become questionable as you start to get increasing price pressures, labor pressures and people start going to the store themselves. jonathan: this is the story of the last 12 months. what has suffered? money has been going into big tech, big growth names. food delivery, airbnb. where the money hasn't been going, energy. lisa: when you get these bubbles of investment, the real economy suffers and then you see commodity prices come to the fore because there hasn't been that investment. just a couple of names i want to run through. wayfair, the shopping center, the cyber monday. they are more than 7% and they have seen a huge increase in some of those orders. state street up more than 4%. you're seeing a pop there. krac

>> i remember this going on with doordash during the pandemic, you're talking about how they are orderingore you look at the print and if it's after 6:00 at night -- clearly this is deceptive advertising. get somebody to take it off-the-shelf for a dollar -- i know i'm not going to be popular for this but i have a defense which is -- drumroll, if you see it for a dollar a negative the cash register and they say two then say i don't want it, don't buy it. >> trace: it's one of those kings, we are charging you a dollar for things and it's actually two at the counter, it is bad practice on dollars fault. somebody needs something they go to dollar and they think there's two bucks you like i have $1.20, i don't have $2. >> no kidding aside, we are in the middle of a terrible recession. >> standby for a bit of other legal news, pop star mariah carey is getting an early christmas present this year in an update to a story we brought you in a previous night court a lawsuit has been dropped they claimed the singer had stolen the title for her hit song all i want for christmas is you, the plaintiff

implies that you order burgers from mcdonald's doordash or whatever. >> and then you don't eat them rightway when they come to your house because you have to finish your game. >> i don't know. but when you got to the part about neck pillows and back supporters like, hey, that sounds kind of comfort. yeah, i probably wouldn't wanted my living room, but i would sit in that. i don't i don't know that you can have it because mcdonald's only made 4 of these. and the and the chains actually giving one of them away in an upcoming facebook competition. >> so there you go. i have 16 year-old and 2.16, in march. i come on. that would be the perfect have to cook be. okay. let's talk about the temperatures. yeah. i might want some hot cocoa. it's kind of chilly out there right? as we take a look at those current temperatures, some places like oakland were in the 40's. you can see that even livermore. we're in the 40's right now as we speak and >> a pacific power at 50. but overall, those temperatures are going to warm up tomorrow says going a little bit warmer tomorrow than it is today. the top story

. >> 29 illegal purchases from amazon totaling $2000, 109 fraudulent charges using doordash spending nearly $4,000. and then there is the cash withdrawn close to $5,000. berkeley police say that that's just some of the crimes committed by this woman identified as 44 year-old oakland resident, kai issue carter, this investigation started back in september. >> when the family were came to us the notice that's a loved one who is staying at the facility and they're they're a call listening. byron white with the berkeley police department says that the case cracked open after being alerted by a relative of a resident living here. >> at chi, a communique air, a skilled nursing facility where carter worked as a certified nursing assistant. >> made a number of charges. if thousands of dollars of of purchases online and in some cases cap cash withdrawal while investigating the first case. police say they were contacted by a second victim's family claiming. >> carter used the victim's checkbook the car to steal nearly $700 in court documents. police say carter admitted to caring for both victi

officials say carter made $10,000 in purchases from amazon and doordash. the victim's family members noticed the fraud and they were the ones who contacted authorities. carter faces identity theft, grand theft and elder abuse charges. the california energy commission is investigating the spike in gas prices here in california. the commission held a hearing in sacramento today. but the state's major oil refiners did not participate. all five oil companies marathon valero phillips, 66, pbf energy and chevron rejected invitations to attend. the hearing comes nearly two months after the commission demanded answers from the oil refiners about why gas prices neared record highs in september and october. that is when california prices averaged $6.43 per gallon that was $2.61 higher than the national average, the largest gap ever. california requires the burning of cleaner fuel to reduce the negative impacts on our residents. fuel costs a bit more state taxes are higher than average around the country, and we have environmental fees designed to address the threat

doordash cut 250 workers at about 6% of workforce surged during the pandemic. don't need all that body count around. now. so you're seeing some job cuts there and we're talk about being in the wrong business. cristiano ronaldo from portugal. probably seen him in the world cup. he's going to get got offered 207 million dollars play for one year in saudi arabia. saudi arabia's expanding into golf and soccer turn become more of a legitimate world powered sports. 271 year of work. >> kicking around ball. okay. that's pretty car was a lot of money. let me to you quickly about the twitter, too, because law now picking a fight with apple and it's a it's a it's a a drumbeat that we've been hearing from other companies to that aren't happy about the app store there with apple. the fact they take like a 30% cut. and elon now adding his voice to that growing call for some kind of change. we think. and he gave a lot of money to republicans and said he'd vote for ron desantis. this could line up possibly bad for apple. but so far, so good for apple. >> they survived an epic

. >> 29 illegal purchases from amazon totaling $2000, 109 fraudulent charges using doordash spending nearly $4,000. and then there is the cash withdrawn close to $5,000. berkeley police say that that's just some of the crimes committed by this woman identified as 44 year-old oakland resident, kai nishi carter. this investigation started back in september. >> when the family were came to us the notice that's a aploved one who is staying at the facility had their their their debit card missing. byron white with the berkeley police department says that the case cracked open after being alerted by a relative of a resident living here. >> at chi, a community care, a skilled nursing facility where carter worked as a certified nursing assistant. >> made a number of charges. if thousands of dollars and of purchases online and in some cases, cap cash withdrawal while investigating the first case. police say they were contacted by a second victim's family claiming. >> carter used the victim's checkbook the car to steal nearly $700 in court documents. police say carter admitted to caring for bo

. >> 29 illegal purchases from amazon totaling $2000, 109 fraudulent charges using doordash spending nearly $4,000. and then there is the cash withdrawn close to $5,000. berkeley police say that that's just some of the crimes committed by this woman identified as 44 year-old oakland resident, kai carter, this investigation started back in september. >> when the family were came to us the notice that's a loved one who is staying at the facility and they're they're a listening. byron white with the berkeley police department says that the case cracked open after being alerted by a relative of a resident living here. >> at chi, a communique air, a skilled nursing facility where carter worked as a certified nursing assistant. >> made a number of charges. if thousands of dollars of of purchases online and in some cases cap cash withdrawal while investigating the first case. police say they were contacted by a second victim's family claiming. >> carter used the victim's checkbook the car to steal nearly $700 in court documents. police say carter admitted to caring for both victims and stea

don't miss the ceo of doordash and "squawk box" tomorrow on the back of that company's report. that's 8:1a.5 m. right here on cnbc "fast money" is back in two. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. life is for living. let's partner for all of it. i'm so glad we did this. edward jones here, is cvs health. here, we'll never be told our concerns are all in our head. here, we don't think we should pay more than men for the same thing. or pay taxes for period products. here, we can ask tough questions, day... ...or night. and here, we're actually heard. and because of that, we can focus on getting healthier... together. together. together. here, healthier happens together. cvs health. >>> welcome back to "fast money. we've got earnings alerts on a trio of fintechs, block, paypal and coinbase kate rooney is all over all of this action. kate, over to you. >> melissa, hey there let's start with block, the leader here after hours a beat across the board for jack dorsey's payment company, and cash app was a bright spot this is venmo competitor it now

. >> 29 illegal purchases from amazon totaling $2000, 109 fraudulent charges using doordash spending nearly $4,000. and then there is the cash withdrawn close to $5,000. berkeley police say that that's just some of the crimes committed by this woman identified as 44 year-old oakland resident, kai nishi carter. >> this investigation started back in september when the family were came to us the notice that's a loved one who is staying at the facility and they're they're a call listening. byron white with the berkeley police department says that the case cracked open after being alerted by a relative of a resident living here. >> at chi, a communique air, a skilled nursing facility where carter worked as a certified nursing assistant. >> made a number of charges. if thousands of dollars of of purchases online and in some cases cap cash withdrawal while investigating the first case. police say they were contacted by a second victim's family claiming. >> carter used the victim's checkbook the car to steal nearly $700 in court documents. police say carter admitted to caring for both victim

some of the companies that are flexible about work from home or hybrid working arrangements include doordashcloudflare and dropbox. the chronicle says. those companies say productivity remains high and employee satisfaction has increased due to a better work life balance. airbnb another bay area company, announced this morning. it will roll out a new feature next month showing all charges instead of just a nightly price. guests can turn on a command, which lists the total price excluding taxes in the search result, each fee will be clearly listed, including cleaning charges and any available discounts. you still have to go to the final. step of the booking of the rental home to figure out the total cost, including taxes. airbnb reported nearly $3 billion in revenue last quarter, up 29% from last year. economists predict retailers will face pandemic fallout this holiday season. analysts have detected a trend in the buying habits of americans, people tired of being cooped up during the pandemic are now spending money on experiences and services such as travel, lodging, restaurants, mastercard

. >> 29 illegal purchases from amazon totaling $2000, 109 fraudulent charges using doordash spending nearly $4,000. and then there is the cash withdrawn close to $5,000. berkeley police say that that's just some of the crimes committed by this woman identified as 44 year-old oakland resident, kai carter. this investigation started back in september. >> when the family were came to us the notice a loved one who is staying at the facility and they're they're the debit card missing. byron white with the berkeley police department says that the case cracked open after being alerted by a relative of a resident living here. >> at chi, a community care, a skilled nursing facility where carter worked as a certified nursing assistant. >> made a number of charges. if thousands of dollars and of purchases online and in some cases, cap cash withdrawal while investigating the first case. police say they were contacted by a second victim's family claiming. >> carter used the victim's checkbook the car to steal nearly $700 in court documents. police say carter admitted to caring for both victims an

. >> 29 illegal purchases from amazon totaling $2000, 109 fraudulent charges using doordash spending nearly $4,000. and then there is the cash withdrawn close to $5,000. berkeley police say that that's just some of the crimes committed by this woman identified as 44 year-old oakland resident, kai nishi carter. this investigation started back in september. >> when a family came to us the notice a loved one who is staying at the facility and they're they're a call missing. byron white with the berkeley police department says that the case cracked open after being alerted by a relative of a resident living here. >> at chi, a communique air, a skilled nursing facility where carter worked as a certified nursing assistant. >> made a number of charges. if thousands of dollars and of purchases online and in some cases, cap cash withdrawal while investigating the first case. police say that they were contacted by a second victim's family claiming. >> carter used the victim's checkbook the car to steal nearly $700 in court documents. police say carter admitted to caring for both victims and st

officials say carter made $10,000 and purchases from amazon and doordash. the victim's family members noticed the fraud and contacted authorities. carter faces identity theft, grand theft and elder abuse charges homicide investigators in oakland are searching for clues following a deadly shooting last night. it happened just before 10:30 p.m. at 34th street and san pablo avenue near 5. 80 officers say they found a man with gunshot wounds. he later died at the hospital. ktvu has learned in transit bus driver called police after coming up on the scene. there is no word yet of any arrests. and the lafayette city council has passed an ordinance requiring that gun owners keep their firearms in a locked container or use a safety lock. council members approved the measure during their meeting last night. the new ordinance calls for most violators of this new gun safety law to face misdemeanor charges. lafayette now joins more than a dozen other barriers cities in requiring gun owners to keep their firearms locked up. police robots using potentially deadly force, t

some of the companies that are flexible about work from home or hybrid working arrangements include doordashx chronicle says the company say the productivity remains high and employee satisfaction has increased. it would better work life balance that can often come with working from home. well, not exactly a shock, but studies show more people are moving out of expensive cities from san francisco to hawaii, about a third of those surveyed in the chronicle poll say they are likely to leave in the next three years. reasons include the homeless crisis, public safety and housing costs. census figures also show about 18% of people in san francisco plan to move the highest of any metropolitan area. well, if you haven't received your california stimulus money yet, keep an eye on your mailbox this week, or debit cards were sent out over the weekend. the payments are anywhere from between 200 to $1050, depending on your income and family size or direct deposits are also expected to hit bank accounts soon. airbnb announced this morning. it's rolling out a new feature next month showing all charges ins

echoing back to what you and carl were talking about when it comes to lyft versus uber i would call doordash into there, too it's not just are they in a hot area it's does their model work >> all right turning back to gaming our next guest says even with economic uncertainty ahead, history has shown gaming remains a good value for consumers, especially head nothing to the holiday retail season. let's bring in microsoft gaming ceo phil spencer to discuss what he's seeing at xbox. welcome. i would also throw in, i know there's not much to say about activision blizzard specifically, but you guys bought zenamax for, what, $7 billion, which is small change compared to some of the other moves we have seen you make. but the environment has changed significantly since that transaction. how are you working to incorporate that and get the most out of it as the economic winds shift? >> yeah, it's all about getting great games done that's what we're working on with our teams at zenamax. two great games coming in 2023 red fall and star field. delivering great games for our customers across the platforms

this is the company doordash where at their annual meeting in june of this year, they had a board of 8 members and only one of whom is a woman. our guidelines suggest we vote against the chair of the nominating governance committee of that board if gender diversity is less then 30 percent and that's the committee responsible for nominating and appointing new board members to the board. we cast that vote against that chair on nominee (inaudible) 12 percent of other share holders also cast against votes for that candidate. 12 percent may seem low, but it is fairly significant for a director to receive 12 percent against votes. it sends a strong message from share holders. notably, following the meeting in july of this year, the company did appoint a second woman to the board, ms. ely merfts. this is typical of the votes we cast and think shareholders when they express a concern about governance may impact a outcome. the second example here want to provide an example of shareholder proposal we voted on during this past year. a shareholder proposal is different then a director nomination

don't feel so guilty that i have this amazon prime account anymore or my freshdirect or this little doordash, you know, i'm scared of what it's like out there and all these other people. they're all going to go get my stuff and do the things and bring it to my amazon doorbell. i can video and make sure i'm going to leave it there for a few hours. remember when we were bleaching the stuff? leave it all there and then bring it in and clean it. and i felt like each of us were living in a little kind of billionaire bunker and using technologies that seemed almost predestined to be used in this way and and that was what i saw. and i looked, i thought, all the way back to the early days, too. i remember i was with timothy leary, of all people, when he was reading stuart brand's book on nicholas negroponte, his media lab, which was the early wonderful mit lab for developing digital technology. and leary's reading the book, and he's he's in case you don't know, he's like a big sixties, psychedelic legend, counterculture figure. he's reading this book and he's circling everything and felt tip in all

doordash shares jumps, it is cutting 1000 to 52 jobs to rain and expenses, after a rapid expansion duringroom that led to mounting losses. operating costs top the $2 billion in the third quarter. sources say the cuts will affect 6% of the companies global workforce. chinese ev carmaker sword in the u.s. -- xpeng soared in the u.s. xpeng strong market -- margin production will help soothe anxieties. coming up, china mourns the leader at the helm of, during a period of massive economic reform, we examine the lessons from china. this is bloomberg. ♪ >> this is daybreak asia. i'm su keenan with the first word headlines. fed chair jerome powell says the central bank may slow its rate hike pace as soon is its december meeting -- as soon as its december meeting. house said the timing is less significant, than how high rates need to go and how long policy needs to state a restrictive level. the comment summits expectations for a 50 basis point hike at the december meeting. >> we are moderating the pace of rate increases, as soon as the december meeting. given our progress in tiny policy, the timi

contractor rule, which came out and spooked some of these folks around the ridesharing acts like uber and doordashsive stance in that rulemaking than some expected. some of that is due to the limits paired part of it is also that they don't want to be sponsored over driving up costs even further for the average consumer. tom: very quickly here, running out of time, but i have to go to this. isaac boltansky writing on something i never thought you would write on, which is congress doing something about targeted stablecoin. are we actually going to get regulation to police this industry blowup? >> the simple answer is that we are not getting comprehensive reform anytime soon. the most that congress can be expected to do with crypto is to focus on something they kind of understand, which is stablecoin. it looks a little bit like money market funds, a little bit like deposit accounts. they get that in that is something they can legislate on. the rest of it, i think we are years away from a comprehensive legislative solution. tom: so instead of breaking the buck, he break the bitdog? what is stablecoin