>> if the stock were trying -- priced like huber, it would be a big issue.he cash generation is so high and there is so little risk from a financial perspective, it doesn't matter that much. >> i want to ask you about uber. they have major regulatory hurdles. they are trying to navigate that stuff. think it is hotter than hot. how hot do you think it is given all the challenges they are facing? >> i think it is genuinely important. i think they have looked at a horrible inefficiency in our economy to short-term transportation needs and come up with an elegant solution. risk are huge forces at trying to protect old markets like cap drivers. -- cap drivers. will begulatory battle fierce. uber will when enough of them that it will succeed. what is impressive about the company is it fits so well with this important trend of urbanization and young people in particular moving to city places where they don't need to own a car and they don't need to own a home. they are going to go to a very interesting personal balance sheet and get rid of the debt. they have stude

hinge is partnering with huber. hinge founder justin mcleod joins me now. to start by trying to figure out why does the world need another dating app? >> i think it just needs one that works well. that is what we are trying to be. wet we are all about is believe technology should be something that enhances our real-world lives and does not displace it or get in the way of our real-world lives. we are introducing you to people through your friends like you would in real life when you go to house parties, dinners, and weddings, and the kind of places you forge great relationships. we make that more frequent and a much smarter process. >> how does it work? how do you connect to mutual friends? heidi get them to be part of the network? growthas been a slow process. we started in washington, d.c., originally. it was getting my friends on and their friends on. has grown concentrically around that. it moved to new york last year. this year, we have launched in a bunch of new cities across the country. >> every person has an average of 36 friends on hinge. 85% of t

he he opposed huber lost his seat due to a his seat due to a stamping his months as my question to youis what can you tell us about the potential for the executive branch to use the nsa as internal police unit able to control the congress and judiciary by threatening to create personal scandals and oust him from office as huber did in his its day? >> i get in trouble when my editors and people when i get those previous and i have a momentary loss of control. there are all these headlines in my cold air reports saying the greatest story is coming and they e-mail me and say thank you for that public pressure. i'm going to be a little careful about that uncharacteristically but what i will say is we have had stories that speak to that question. there is a story we published in "the huffington post" three apartments ago that they were marketable document that didn't get as much attention. that had the nsa saying they had taken six people they considered radicals but they said specifically they're not members of a terrorist organization. they simply have but the u.s. government regards as a

huber has a new recruitment program. the brand ambassadors are requesting rides from lyft, recruiting the drivers resulting in canceled lyft drives. we're are joined by our bloomberg contributing editor, paul kedrosky. are you surprised that it has gotten this down and dirty? >> no, not really. travis is an aggressive business guy. the smashing out marketing is what they have done all along. the idea that you might use brand ambassadors to try to recruit lyft drivers to uber should not surprise us. >> you just wrote a big cover story on uber, they have denied this in the past. the ceo said this has not happened but also saying that he believes that competition is good. let's take a listen to what he had to say. >> competition is good for the consumer but i like to say if you're out on the court, if you are lebron james, you are going to want to dunk on somebody. competition can be fun but it is better for the consumer, better for the driver. >> do you believe him? >> they have not denied this in the past. they came out a

huber said he will start with the company in late september.strategist for of president obama's presidential campaigns and he was a contributor to bloomberg tv. we will all miss him here. i have to say, congratulations on his newgate. david plouffe and uber's ceo, both join me on "street smart" just after the announcements. >> uber is running a political campaign. the candidate is uber. we are lucky enough, i am lucky enough, to have partnered with the best campaign manager in the world. that is what it is about. we are in cities around the world. we need to get the positive story of uber out there. there is an incumbent candidate. the taxi cartel is in every city you are in. they are resisting the progress we are rain to cities. guys david, you had a phenomenal career in washington. why go to work for a start up now? spent quite ai bit of time talking. i was a strong believer in the company and travis and i had a great mind meld. he had a great company here with great people and a great mission. the opportunity to be involved in something like

the year, needed in a peaceful peaceful --d in a and the candidate most favored by democratic voters huberhumphrey. voter turnout and that election was more than 60%. both major party nominees work hard during the election to placate the loudest elements of their parties. nixon moved far enough right to keep on board conservatives whose loyalties lay with the nomination. 1964 humphrey eventually mold far enough left -- eventually moved far enough left to win antiwar democrats. to be sure among the largest element of the electorate was even further to the right on racial and cultural issues and neither nixon nor humphrey was willing to move in that direction to capture the 14% of the voters who constituted the core of wallace's support. --lace was -- george walsh wallace was a former governor of california. he has been essentially his whole life running for office. his early political career had been known in alabama politics as according to one press account "the number one do-gooder and the legislature." governor in for 1958 and was defeated by an opponent holster is racial segregation as

bye which i think is interesting because not only is that the number that huber guarantees you will makeare a driver in new york, but also they apparently made at least 5000 reservations at their arrival lyft and then cancel them. t is claiming that the uber drivers are doing this which is a bummer for drivers and passengers. i am not sure if it can be proven but there was a strong crosstown rivalry. they are based blocks away from each other. they where the company t-shirts to work and do not hang out with each other at the bar after . lyft is offering a guarantee of $10,000 a month to try to jump -- trump uber. >> it is brutal out there. matt miller, thank you so much. it was pretty good. you can get all the latest headlines at the top of the hour on bloomberg radio and all the time at bloomberm. thank you so much for watching this edition of bloomberg west. see you later. ♪ the nation bridging the income gap. india's world bankers. securitydo, it needs too. and this woman does more than satisfy the munchies. that is in

>> what you will see, like many industries, how huber is disrupting-- uber is logistics, alternativecing will disrupt banks. similar to the lending club model. banks are not providing the appropriate working capital both to businesses or consumers. >> tell me about that. how is the lending environment for small businesses different? always -- most banks cannot make money providing a business loan for $30,000, $40,000. they focus on larger loans and primarily backed by the sba so risk is mitigated. they tend to put business owners, they look at them as consumers. they are giving them a small business credit card or requiring them to give a personal guarantee based on the home equity loan, which is really a consumer loan. so you are finding that like other industries, you see technology, an alternative way of thinking to disrupt the way businesses and consumers have done for hundreds of years, the bank is the primary source of capital. >> it seems like the innovation isn't just on the side of the person of the money. the lender and the ability of investors who want to get a rate of ret

melissa: former campaign manager and white house advisor to president obama will take a position with huber next month as a senior vice president of policy and strategy. i don't know what the job entails, but it sounds like. can you roll back a little bit? isn't it going down, down, down? vice presidenvice president of d something else. >> that means he will be a lobbyist for uber. is an uber we circumvented government for so long and the establishment like the cap unions? melissa: they unions hate uber. >> this shows you how hypocritical most of the limousine liberals are. they will campaign for the little guy, but take a lot of money from goldman sachs and uber. melissa: i love that you took all that. >> this is a lobbyist for municipalities. he will be dialing for dollars to every mayor in this country. let our cars in there. what else is he going to do? melissa: have to give charlie a chance to glow. meritorious fannie pack by wearing one of his phon owing te astros game. some people in line gave him a little bit of a hard time for carrying a fannie pack. now why don't you just get a pu

some have said that huber has said, we don't care what legislation is and we will do our want.based rules, and that is problematic. it is better to be working from within and trying to abide by the rules to be successful. >> if we go with that, what kind of impact our apps like curve having in terms of changing the business model for cancer right now? will it change up the way they get paid and the way they -- four taxicabs right now? will it change up the way they get paid and the way they charge customers? us create anhelped environment where there is a likelihood for taxicabs to get better, for service to improve, and the opportunity to be even better. curve, for example, allows you to order a taxi cab. you don't have to wait outside if it is raining. the cap will show up right away will stop at the end of the ride, you can hop out and it will charge to your credit card. you can have the advantage of all of the convenience you want and still be able to use a taxi. with taxis inblem new york city where i live is that it cost $1.2 million to buy a medallion. you talk about con

. >> it is on the heels of huber -- uber announcing they have hired david plouffe.e a listen. >> the way i like to think about is running aer political campaign and the candidate is uber. we are lucky enough and i am lucky enough to have just partnered with the best campaign manager in the world. and theandidate is uber opponent is a big taxi cartel, that is what he calls them. trying to break into new businesses. bicycle courier delivery. furniture. not just offering rides through the mobile booking service. >> the city that comes to mind for me is brussels, belgium. they have said no. >> all across europe, there have been protests. >> think about that conceptually. is anively, uber agreement between consenting adults. what is wrong with that? office isrrill lynch over by hyde park. do you use uber in london? >> i use the black car because it is reasonably convenient. we transport analysts around in busy traffic in london, yes. >> is there uber in washington? >> yes, and it is very popular. cab.ve a i had hair at the time. let's put it that way. they never thought

after that, a 1960 nbc interview with herbert huber and his life before and after the presidency.body doing here. i want to welcome you to the national museum of natural history. my name is xavier. today, we are celebrating our national and international flag day sing along for the 200th anniversary of the star spangled banner. that's right. 200 years ago this year, francis scott wrote the words to a poem. they wrote the national anthem, the star spangled banner. we restore through collections, research and outreach. we help people understand the past to better make sense of the present and shape a more humane future. we hope our program will do that bringing the nation together around the national anthem. by the way, we are not just bringing people here in washington, d.c. on the national mall, but all over the country and indeed, world. i would like to send a special welcome to the audience on espn 3. thinking of bringing people together, the opening conductor is known for bringing singers from all over the world with his infamous choir projects. join me in thanking grammy winni

jeff's not surprising that huber has a different take on which party has the right political agenda andility to govern. what voters really want comes down to a four letter word. >> jobs, jobs, jobs. provide us some opportunity to to expand ourols business. give us a conference of tax reform package in kentucky that will allow us to track businesses and allow us to expand our business and create more jobs. those are the type of things that i hear as i travel the we have to think have a plan to do that. we have to have things in place to do that. >> hoover predicts that mitch mcconnell will prevail in november by at least three percentage points. as president obama's unpopularity in kentucky will help seal the deal. >> when voters in kentucky start making their final decision on who they are going to elect to the united states senate, the only issue will be, do we want to send someone to washington to represent kentucky who has been there 30 years, who is arguably the second or third more powerful person in washington, who could be the majority leader of the united states senate? someone