and hear fromut fiat chrysler and ferrari's chief executive sergio next. this is bloomberg. ♪ i'm marke from london, barton. vonnie: in new york, i'm vonnie quinn. now $27 billion over taking automakers gm and tesla. since the beginning of the year, shares have skyrocketed. is due toe success sergio marchionne, the ceo. nearly two years ago, fiat chrysler automobiles spun off a robbery in an initial public offering, and for shares have -- andin the past year for robbery shares have surged in the past year. emma chandra spoke to sergio marchionne earlier and joins us with more. do yieldsn trying to -- doing deals. >> he was at the new york stock exchange talking a lot about their new five-year plan they are due to come out with an 2018 that will take fiat beyond sergio marchionne if he does leave. , clampingk a deal down on new deals. assumes incorrect to that the future hinges on this deal. it will continue to make money. also trying to deliver a new brand 2018 and for the next five your period. no were in that planning cycle is there a need to do a deal.

. >>> fiat chrysler is recalling more than 700,000 suvs on concerns that water exposure could affect brake function. that recall applies to 2011 through 2014 dodge duriango and jeep grand cherokees. fiat chrysler shares were up a penny to $17.96, bill. >>> the fcc wants to make millions of dollars available to repair communication networks in hurricane-battered puerto rico and the u.s. virgin islands. the chairman of the agency has proposed making available more than $75 million in funding to help restore cell service there. 90% of cell sites remain out in puerto rico. 69% are out in the u.s. virgin islands. >>> president trump was in puerto rico today to survey the damage from hurricane maria. one of the major focuses was financial aid to that island. contessa brewer is in san juan. >> reporter: president trump landed at midday, two weeks after hurricane maria tore across the island. >> it got wiped out. >> reporter: although she engaged in a social media fight with the president before his visit, san juan's mayer, carmen yulin cruz, accepted an invitation to meet with him today, fo

dow components will report, 3m, caterpillar, mcdonalds, united technology and at&t eli lilly, fiat chrysler, lockheed martin and chipotle among the top corporate headlines. reports of major changes at under armour and landon dowdy has the details for us >>> reports say under armour chief executive kevin plank's first partner, kip falks will take a sabbatical from the company. the apparel maker is also said to be exploring the exit of tennis and other outdoor categories as it struggles to grow in an increasingly difficult sports wear market fulks has changed roles numerous time, most recently strategic adviser after working on product marketing sourcing and operations fulks began his sabbatical earlier this month this is a benefit to all flee pl employees with ten years of service. stocks on under armour dropping on the news. this stock is down 40% year to date the stock is up 0.2% in early trading. >>> we're watching shares of general electric this morning. the stock coming off its biggest one-day drop in six years. analysts say they're worried ge may have to cut its dividend,. it fell 6% y

you know fiat chrysler says the brake shields were improperly installed.et in, and that of course can make it pretty hard for your car to stop. the automaker says there has been one crash that may potentially be related to the problem, but no one was hurt. so dealers will inspect and fix the problem if your vehicle is in that group. >>> atm fees have hit a record high for the 11th year in a row. this is a report from bankrate.com. it says the average fee for using an out of network atm is $4.69. that's almost $5. that's up 55% over the past decade. the report finds washington is among the city's with the highest average atm fees. >>> over the course of a year, this is something that can add up to hundreds of dollars. these are fees that are punitive in nature, and they keep escalating. >> so the bankrate.com report

fiat chrysler says the brake shields were improperly installed. water can get in, and that of course can make it pretty hard for your car to stop. the automaker says there has been one crash that may potentially be related to the problem, but no one was hurt. so dealers will inspect and fix the problem if your vehicle is in that group. >>> atm fees have hit a record high for the 11th year in a row. this is a report from bankrate.com. it says the average fee for using an out of network atm is $4.69. that's almost $5. that's up 55% over the past decade. the report finds washington is among the city's with the highest average atm fees. >>> over the course of a year, this is something that can add up to hundreds of dollars. these are fees that are punitive in nature, and they keep escalating. >> so the bankrate.com report found those overdraft fees hit a new high of $33.38. ouch. that's wusa9 news at 5:00. the news at 5:30 starts right now. >>> we begin this half hour with the latest on the las vegas shooting. 59 people dead. and more than 500 injured

. >> general motors surging 20% to a new all-time high as ford, toyota, and fiat chrysler are up dan, i think it might be time to put on the brakes on gm. >> no doubt. mcc, this stock is up, today closing at an all-time high from its post financial crisis ipo highs. 25% has come since late august last month we saw deutsche bank basically get really excited about the potential with autonomous driving, electric vehicles and the like. and kind of raised their rating on the stock then today, citibank is saying they think that this company, given some of the technology drivers they have, should possibly get a multiple of 15 times earnings currently it's trading seven times. they see a path to $134 in the next few years to me, i just think it's gone too far, too fast. a lot of transition will take time if you think about from an earnings standpoint, earnings are expected to climb year over year this is a cyclical story there's huge secular headwinds in the near term, we have earnings on october 24th i think it sets up as a trade to consolidate at the recent breakout level i want to look to

car makers point to this-- the jeep grand cherokee and dodge durango scored differently, but fiat chryslere info tainment systems are virtually identical. >> mason: thanks, kris. coming up, the nominations are in for the rock 'n' roll hall of in for the rock 'n' roll hall of fame's class of 2018. ♪ living on a prayer more flavorful. delicious. with more great nutrition. and 25% less saturated fat. only eggland's best. better taste. better nutrition. better eggs. with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah. but, wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular ev

third-quarter profits rose better than expected 70% for fiat chrysler, the earnings -- .7% for fiat chrysleralf as many of its new iphone x smartphones as planned according says 20 million phones will be shipped as apple has been having problems with technical issues that involve the iphone x's new identification feature. barclays is risky business with the british bank pushing into riskier debt trading and return to dealing and complex credit products in the u.s. their ceo is encouraging the investment bank to take more chances to recapture the market share. that is bloomberg business lash. jonathan: the european central bank the main event, it includes -- a meeting concludes in today's and mario draghi expected to announce plans to tapering bond buying program. joining us is maxime sbaihi, our bloomberg intelligence correspondent in london. talk to me about the base case and what economists are expecting this thursday. >> the consensus for the ecb to announce a tapering on thursday and go for nine-month extension at 30 billion euros. we expect a shorter time horizon , six months at 40 bill

to this-- the jeep grand cherokee and the dodge durango scored differently in this study, but fiat chryslerinment systems are virtually identical. >> mason: thanks, kris. coming up, the nominations are in for the rock 'n' roll hall of fame's class of 2018. living on a prayer ;;;;c is a you're lucky you're cute. lysol max cover with 2x wider coverage kills 99.9% of bacteria. one more way you've got what it takes to protect. trust #1 doctor recommended dulcolax. use dulcolax tablets for gentle dependable relief. suppositories for relief in minutes. and dulcoease for comfortable relief of hard stools. dulcolax. designed for dependable relief. 60% of women are wearing the wrong size pad and can experience leaks discover always my fit. find the number that's right for your flow and panty size on the top of any always pack. the better the fit, the better it protects. always. ialmost everything. you know, ke 1 i n 10 houses could get hit by an expensive septic disaster. but for only $7 a month, rid-x helps break down waste. avoid a septic disaster with rid-x. >> mason: the fabulous nina simone is

ford sales were up 9% rate fiat chrysler declined, less the next amended. -- estimated. outside of the world of stocks, take a look at the bloomberg. we are looking at short interest in two areas, the dollar in rate this is a look at the dollar. this is a net dollar edition. of the bloomberg dollar index. if as we see this rebound in the dollar, we have seen that speculators increase, that short i should say increase in the dollar. we have a lot of short increase. this is the most irish since 2013. we are also looking at treasury shorts. this is jpmorgan survey data looking at treasury. they are showing bearishness on the treasury market as well. even though we have seen the dollar bounce the rate, this means they don't think it's going to last. thanks a lot. mark: let's get to the latest on the conservative party conference. boris johnson just stopped speaking. he said he is behind every syllable of theresa may's frexit plan. -- brexit planet. we are joined from manchester. to that, give us up flavor of his speech. did he stay on script? was he pro may? did he go off sc

fiat chrysler says the systems are functionally identical., cbs news, new york. >>> up next, she was one of 58 killed in the las vegas massacre. to a class of kindergartners she was mrs. parks. it's part of nature's cycle of life.nge. but when those seasons are filled with moments of uncertainty, untimely change, are your loved ones protected? call about the colonial penn program to help protect your loved ones from the burden of your final expenses. if you're 50 to 85, you can get guaranteed acceptance whole life insurance for just $9.95 a month. that's less than 35 cents a day. your premium never goes up, and your benefit will never go down due to age--guaranteed. what's more, you don't have to take a physical or answer any health questions. you cannot be turned down because of your health. seasons change. life can be unpredictable. provide peace of mind for you and your loved ones by calling now. you'll be glad you did. (gentle music) ♪ >>> we end in palm dale, california over the mountains north of los angeles. jennifer parks lived there

strong corporate earnings lift the dow to another record high with general motors, fiat chrysler, 3m and caterpillar leading the way. let's go to the big board. a triple gain for the blue chips, 170 points. the nasdaq more modest and the s&p up two points. >>> the main construction on the plan to make a campus in downtown san jose will start in 2025. it coincides with the completion of the bart expansion . it brings as many as 20,000 google employees to downtown and google and city officials are negotiating the sale of 16 government owned properties that would be key for the large piece of development. >>> contra costa supervisors consider a plan that would limit commercial marijuana operations. it would allow the growing of up to six plants in a private home occupied by an owner and another occupant would be able to grow plants if given permission by the homeowner. the plan would ban outdoor marijuana cultivation and continue a ban on pot related businesses. >>> , leaders could experience arts sleek new railcars as soon as thanksgiving. the cars have passed the safety testing. they

the only makes that did not see the increase in sales was hyundai and fiat chrysler. >> reporter: there are more style issue options for plus-sized men. retailers are aiming to make trendy casual looks available for those men. there's winston box that sends pieces to customers monthly for a fee. retail and apparel analysts estimates that the massive success is you say of women's plus-size clothing is what's making it available for the men. >>> designer crocks have gotten a serious makeover from a luxury brand him models wore the shoes walking the runway in paris. the towering platform adds color and bling and flare. the designer style will be called the foam. no word on what they will cost you. we're back after this >> reporter: all right, welcome back everyone, 6:24 a.m., saturday morning, down to the tropics we go, gulf of mexico, this is hurricane nate booking along moving north 25 miles per hour. each spaghetti plot representing a different forecast model taking this over the border of mississippi and alabama. it's a good sign for new orleans, maybe not mobile or pens sola, but it's

fiat chrysler recalling more than 700,000 jeep and dodge suvs in north america because of an improperlynstalled brake shield that could allow water to begin and limit your braking ability. it covers 2011-2014 grand cherokee and the ringo. the automaker says brake booster shields were added as part of a 2014 recall, but they were not properly installed. the recall is expected to begin on november 7. less than a week after his death, a new biopic about hugh hefner in the works. gerald s reportedly chosen to put trade the playboy magazine founder. haffner died last wednesday at the age of 91. the timing may seem fast, but since 2007. leto is no for immersing themselves into his roles with his method acting. lord only knows what we will find out about hef. molly, we can't complain about the weather at all. molly: it has been perfect. i mean, not a cloud in the sky. temperatures are comfortable. it looks like we're due for a little bit of a warm-up the later half of the week. 70 right now in annapolis, maryland. southnds out of the through thursday and really the upcoming weekend. today, you

it seems like gm is doing well and that is giving a nice tailwind to fiat chrysler and ford. julie: as abigail has been talking about strong corporate earnings have lifted the dow to a record. it is expected to continue as u.s. companies boost their revenue. for what is in store for the rest of the third-quarter earnings season, let's bring in's to work warfare -- let's bring in stewart warther. we always see an increase in moving stocks for earning season but the disconnect is especially stark this earnings season where volatility is dead on the macro level but we are seeing it spike on the individual level. is it really that different from what we normally see? historically if you look at earnings season and the correlation between s&p 500 .omponents and tends to decline whether you are looking at sectors or individual companies, every few months there tends to be a spike and decline. a lot of that has to do with, in this case, the sector dispersion we are seeing, particularly right ahead of earnings season. the correlation was the lowest it has been year to date, so part i

fiat chrysler says the systems are functionally identical.cbs news, new york. >>> up next, she was one of 58 killed in the las vegas >> dr. stanley: remember this: cannot change the laws of god. when he has visited you in some form of adversity and he brings you through that, that's like he has increased the strength of the foundation of your life and your faith in him. [music] who are these people? the energy conscious people among us say small actions can add up to something... humongous. a little thing here. a little thing there. who are all these caretakers, maybeadvocates too?wear. turns out, it's californians it's me and it's you. don't stop now, it's easy to add to the routine. join energy upgrade california and do your thing. >>> we end in palm dale, california over the mountains north of los angeles. jennifer parks lived there with her husband and two children. she was killed last sunday in the las vegas massacre. mireya villarreal tells us, mrs. parks also leaves behind a class of kindergarteners. >> we were having an amazing time.

he added that "waymo" plans to partner with fiat chrysler, lyft and the rental car company avis to deploy it. "waymo" is already offering fully autonomous rides in chandler, arizona, outside phoenix. >>> facebook is getting into the halloween spirit on its camera feature. it's offering 12 different spooky masks and backgrounds to share with families and friends. pretty good. social media site is also making it easier to trick or treat. it's sending reminders about events in your neighborhood. >>> trick or street! every 49er fan out there. they are hoping it's a treat. new england quarterback is coming to san francisco. can he bring the patriots' magic with him? coming up. us at: cool schools at kpix- dot-com. ur what's cool about your school? email your nomination to us at coolschools@kpix.com, and we may feature your school on the thursday morning show. n-f-l... denver at kansas city. >>> with the day off in the world series, i thought we might get a moment to breathe. not so fast! the 49ers rocked the nfl with a huge deal last night. they reportedly acquired jimmy garopollo from the pat

also point out italy is getting a lift from the likes of fiat chrysler the automaker's quarterly operating profit jumping 17%, helped by strong performance in north america and improvement in europe and latin america that stock up 5% also in italy is uni credit. it accidently released earnings due out next month the bank, which is in the midst of a big turn around plan, reporting an increase in third quarter net profit as it experienced lower loan losses. unicredit up 27% year to date, so a big move here for the troubled banking lender in italy. let's move to tech, ams surging today at more than 20% the chip maker posting a 79% jump in third quarter sales and issuing an upbeat outlook, forecasting very strong sequential sales growth. and if we take a look at pharma, novartis is falling, announcing it has delayed a possible spinoff of its alcon eyecare division until the first half of 2019 signs of a slowdown in growth of the euro zone as pmi fell more than expected this month, down 0.8 to 55.7, but private sector activity remaining strong with eu companies hiring at the fastest pace in a d

fiat chrysler, working with intel.wer there. >> new entrants are coming in all the time. they had a $500 million a and in .he company, lift >> no one really knows what the landscape will look like in 10 or 15 years. it is really a way of hedging your bets in terms of expense and a very expensive research and development, but also, one after the fails and the other might succeed. behold bunch of partnerships, about four or five now. a lot of hands in a lot of different pockets. julia: do you believe as scarlet pointed out, the line between gm ok with everyone else, something that could be so pivotal when you get it right going forward? >> gm has their own captive unit as well. they will complete -- create their own trooper and left. the has been invested in partnership with google, and then is invested in google. i do not think we can what wasly read into initially planned for jam on the road through lift. -- lyft. it is incredibly complex. i recommend going to our website here and we did a graphic that hopefully sheds

i'm very thankful that james was there to help me >> fiat chrysler is recalling more than 700,000 jeepuse an improperly installed brake could let water in and former intel ceo paul otellini has died in his sleep he was a lifelong intel employee serving as chief executive from 2005 until he retired in 2013. the in its 49-year history intel has had only six ceos and otellini was the fifth he was 66 years old. that's the news update this hour scott, back to you. >> sue, thank you so much. >>> well, the nasty proxy battle that procter & gamble just hit a new level as former ceo a.g. lavalle weighs in with a letter aimed directly at activist shareholder nelson peltz leslie picker with more as the clock ticks down to the october soth shareholder's meeting >> just about a week to go i spoke with lavalle earlier this morning and he had some choice words the legendary former two-time ceo of procter & gamble has officially thrown his hat in with management in the company's fight against nelson peltz cnbc exclusively obtained his letter titled "this is too important. i'm taking the gloves off. he

now here is another one for you, fiat chrysler and general motors, standout is general matters, it made1 billion profit just in north america and made $500 million profit in china. that stock is going to 46, maybe close to 47 today. look who is here, keith fitzgerald. all right, keith, you were right about big tech, you said amazon and facebook will go down. you got that right. i'm not interested in yesterday, i'm interested in today. how about general motors, how about buying that stock at 46? what do you say? >> i like general motors, i think it's interesting, ill rather buy something else because i think they are strapped by car manufacturers, i like caterpillar, manufacturing base and world growth which right now is in ten years. i think it's more important play right now than stuff and things that we talked about yesterday. stuart: how about mcdonalds, 165, would you buy them at 165? >> i would not recommend buying mcdonald's at 165, here is why. the company struggled a lot. menu got confused. until the company gets back to core value, great burgers and fries, i think they have a p

fiat chrysler says the systems are functionally identical.ergartners she was mrs. parks. i just need a second. [male narrator] is your weight holding you back and affecting your health? did you see this? hm? your cousin had a heart attack. really? [narrator] excess weight or obesity can be serious . but you can do something about it. visit your weight matters dot org. download the free toolkit to prepare you to speak with a healthcare provider. atter. accept the challenge and take charge today . visit your weight matters dot org. >>> we end in palm dale, california over the mountains north of los angeles. jennifer parks lived there with her husband and two children. she was killed last sunday in the las vegas massacre. mireya villarreal tells us, mrs. parks also leaves behind a class of kindergarteners. >> we were having an amazing time. >> for bobby parks this picture is truly worth 1,000 words. taken ten minutes before the chaos, it captures the last happy moment he had with his wife, jenny parks. >> when did you

to this-- the jeep grand cherokee and the dodge durango scored differently in this study, but fiat chryslers are virtually identical. >> mason: thanks, kris. coming up, the nominations are in for the rock 'n' roll hall of fame's class of 2018. ♪ oh, living on a prayer ♪ i love you, droolius caesar, but sometimes you stink. because the things you love can stink. ialmost everything. you know, ke 1 i n 10 houses could get hit by an expensive septic disaster. but for only $7 a month, rid-x helps break down waste. avoid a septic disaster with rid-x. i had this chest cold, but my medicine kept wearing off. (coughsah! tching you, and then i fell. i'm not eating pizza from the trash. then i discovered mucinex. huge difference. one pill lasts 12 hours, and i'm good. oh, here kitty, kitty...ah! not a cat, not a cat! why take 4-hour medicine? just one mucinex lasts 12 hours. start the relief. ditch the misery. let's end this. >> mason: the fabulous nina simone is among the nominees announced today for the rock 'n' roll hall of fame's class of 2018. i don't bel

they were on the rise as gm, ford, fiat, and chrysler beat analyst estimates. >> we have seen sales downter most of the year. when you see a month like this, you have to say placing cars that were damaged or destroyed has to be a big factor. maybe it happened sooner than analysts thought and maybe rigor because number -- maybe bigger because numbers like nissan are blowing everybody out of the water. it beat estimates by quite a bit. it has to be replacements from the storm pushing this. people didn't decide they needed to buy more cars they were buying in the first few months of the year. appeared before a house subcommittee answering questions about the massive data breach. they apologized for the security failure and it sold stock after the breach. >> it was deemed as suspicious activity. we had no idea if data was excellent traded at that time. filtrated at that time. >> the company was not prepared to deal with the fallout of this reach. that is one of the things we learned and it is important because it will be a theme moving forward as we start to see more policy issues debated ar

automakers were on the rise as gm, ford, fiat, and chrysler beat analyst estimates. >> we have seen sales flatter or down most of the year. the first half was slightly down. when you see a month like this, you have got to say that replacing cars that were damaged or destroyed in the storm has to be a big factor. maybe it happened sooner than analysts thought and maybe a bit bigger because numbers like nissan are blowing estimates out of the water. and really everybody was up and over their estimates by quite a bit. it has to be replacements from the storm that is pushing this. people did not wake up by providence and decide they needed to buy more cars they than they were in the first few months of the year. >> former equifax ceo appeared before a house subcommittee today answering questions about the massive data breach. smith apologized for the security failure but defended executives who sold stock before after the breach occurred. >> it was deemed as suspicious activity. we had no indication that pii was in fact compromised at that time. we had no idea that data was exfiltrated at tha

experience, in the vehicle on a go-forward basis >> and quickly, let's take a look at shares of fiat, chryslering higher it beat the street in terms of its earnings reporting a 17% increase in operating profit that conference call starting in about 45 minutes quickly, on the gm conference call, i just listened to it. ceo mary asked several times about how do you monetize this autonomous drive business, and what she said is nothing to tell people right now we're keeping our options open that's enough to have momentum behind the staug right now >> phil, it's david. why is there this expectation they're going to monetize at all and not continue to invest and obviously be ready for this future that is fast approaching. >> well, they've already said that they plan to own whatever platform that they have. now, they may have some people invest in that platform. they may partner with other companies, but they do plan to own that investment, david, in some fashion and they have indicated in past conference calls, in press events, they do see a future where that is a profitable business, perhaps even mo

fiat chrysler, the one decline, but the decline of 9.7% was less than the estimate of down 13%.post hurricane harvey and strong incentives and investors selling day. we are seeing strength for the car stocks. let's look at a performance difference between european countries and u.s. equities. this is an interesting chart. it is a one-year chart. you're looking at the stoxx 600 in dollars versus the s&p 500 in dollars. in blue we have the stoxx 600 in euros versus the s&p 500 in euros. as the euro started to strengthen around the beginning way,y in a much bigger that started to take a toll on a relative basis on the stoxx 600 price in euros. the question could be with the political uncertainty we are seeing and mario draghi talking down the euro, could that help this level out? jonathan: interesting chart. thank you. others around and the table with us. europe is what they screamed at us again and again once you. i don't hear that so much. i used to ask them a different question from and the launcher they are buying euro. >> two things happened in abigail's chart. euro in relatio

today 3m, caterpillar, mcdonalds, united technology and at&t other companies also out eli lilly, fiat chryslerlockheed martin and chipotle and eli lilly's david ricks will join us at 7:00 a.m. and general motors ceo chuck stevens will be on at 7:45 a.m. eastern. is lebeau in for that? okay thank god. >> why >> i don't know. >> he didn't study up. >> he's not ready for it >> at&t is not a dow component >> they took it out >> yeah. >> really? at time i remember thinking that it was crazy they took it out. >> international paper old habits -- >> alcoa >> you like 1980 dow >> honeywell, dow component. >> i had to look it up i'm like at&t is not a dow component. >> i have trouble with the new ones. >> i was shocked they took it out. >> kraft in there. i don't know >> travelers, united healthcare. >> those guys at dow have messed around with it too much. they're not iconic anymore >> they're changing it now the question is about will ge stay? >> when will they put apple in there? >> talk markets now. you know what? whenever i do that -- >> somebody will write in. doesn't joe know -- >> aquaman >> ha

fiat chrysler is best of the bunch. self-driving vehicles. 10 million on the roads by 2020.rother. hey. oh. that's my robe. is it? you could save seven hundred eighty two dollars when liberty stands with you. liberty mutual insurance. stuart: quick stock check for you. you remember the garmin gps gadgets to find your way around with directions. it is teaming up with alexa. with garmin speak and allow voice commands in the car. can ask it to turn on the bedroom lights as you pull into the driveway, if that is what you want, if that is what you really want. >>> to europe, a 31-year-old conservative has been elected austria's new leader, sebastian kurz. you might call that the "brexit" effect. headline in "the washington post," check politics take trumpian turn. cracking down on migrants. nigel farage is here. so the explosion in europe with angela merkel opened the doors to over a million migrants, muslim migrants it is not over the repercussions are rippling through still, are they not? >> oh, yes. already we've seen hungary, poland, slovakia taking a strong stand. we'll not

just because google put in a billion around today does not mean they will not do business with chrysler, fiate .ost of other companies i think this is healthy. i think we want to create as inh competition as possible these markets. that is what is happening. bob: but on the anonymous car side, i guess one of the questions is how far do these platforms need to go on their own? do they really need to have some of their own technology, or can they completely rely on partners? it seems to me that depending on how the network and services are built, some of that ip is going to have to come from the lyfts of the world. gabe: sure, i wouldn't be surprised if google had some of their own vehicles, built with oem partners, but one of the things that i think went wrong with the lyft-gm partnership -- not that anything went wrong per se, but i don't know if gm could keep up with the supply needed of the vehicles. published5% of the really using these services -- of the population really using these services actively. it is going to grow and grow and grow. i think part of lyft's strategy is it is not tha