that is putting huber's in doub regiment hall with more tonight from london. >> reporter: huber's licensetish capital expires at midnight. the ride-share giant suffering a major blow on monday, after london transportation authority's declined to renew their license. saying huber doesn't meet the fit and proper standard for taxi operation in the city. specifically setting multiple incidents up with passenger safety at risk. including a data breach that allowed drivers to steal passengers. resulting in thousands of trips where passengers were picked up by someone other than the assigned driver. >> drivers have had their license suspended, or dismissed have manipulated huber's system. to carry on driving people around. they are taking a real risk with londoners safety and security. >> reporter: uber has artie said it will appeal the ruling. reading a statement quote, we have robust systems and checks identity of drivers. and will soon be introducing a new facial matching process. some londoners, especially taxi drivers aren't convinced the company deserves another chance. and i just think it

. >> reporter: huber max license to operate in the british capital expires at midnight.ants suffering a major blow on monday after lending transportation authorities declined to renew their license. single uber doesn't meet the fit and proper standards for taxi operation in the city. pacifically siding multiple incidents that put passenger safety at risk. including a data breach that allowed drivers to steal passengers. resulting in thousands of trips where passengers were picked up by someone other than the assigned driver. >> drivers have had their license suspended. or dismissed, for manipulating uber system. that is taking a real risk with londoners safety and security. >> reporter: uber has artie said it will appeal. writing a statement, quote, we have robust systems and checks in place to confirm the identity of drivers and will soon be introducing a new facial matching process. some londoners, especially taxi drivers, are not convinced the company deserves another chance. >> i just think it the right thing to do. they shouldn't get their license back. >> reporter:

taylor: is it notable that huber was a favored stock right before the lockup expired? >> it was. had so many people buying. we had it as the favorite stock the second quarter when a lot of the tiger cubs, big technology funds, they are very heavy on technology, bought in the second endured and declines. it's not that everyone loved it, but in aggregate it was loved and people do love to buy off the lows. whether they stick with that stock over time and where the bottom is will be an interesting question. taylor: where there are winners there are losers. microsoft a big seller given how much gain it has made in its cloud azure products. >> just as people like to buy the lows they like to sell the highs. what is interesting is it's the second quarter in a row again. at what point is this a trend, and at what point does it become an un-favorite? that is something people didn't love too much. disney, something they didn't love too much. there isn't this universal view on technology that is interesting we are seeing in the stocks. we are seeing winners and losers, with alphabet being

. ♪ >> huber is out with earnings, not a pretty picture for the stock, shares falling in after hours monday after a third-quarter loss per share, and bookings that missed analyst estimates. and, huber eats bookings monthly active platform consumers down. >> the revenue number was really strong, and what the takeaway tells you is that huber is cutting subsidies -- is that uber is cutting down on subsidies and that is coming in rides and eats. revenue growth all being aligned as a sign the company is curtailing subsidies and focusing on profitable revenue growth. ♪ optimism is arade sweeping markets again as china is said to be reviewing locations in the u.s. were president xi would be willing to meet donald trump to sign the first phase of a trade deal -- trade deal. >> it seems to underscore determination by the chinese to think this first phase of the trade deal, but we are still looking for a location and the date as well. it has yet to be fully confirmed, but the fact chinese officials are looking at it is significant. potential states include iowa, alaska and hawaii as well. jinp

. >> huber will not be -- uber's license will not be renewed.khan says safety paramount concern. let's look how markets are trading in europe. bringing those boards up for you now. you can n see it is positiveve acssss the board.. london ftse upup 9/10 of 1%.%. novartis has agreed to a cash deal for a cholesterol drug maker. they will pay $85 a share, drug will help boost sales. the inventor of the internet announces his new plan to make the internet a better place. >> so much of our society action is determined by how social networks or. this is new and there is no book written. this is the first time we have had a rulebook. responsibility is being shared. urges internet companies to respect data privacy. elon musk has said tesla's new cyber truck has received 200,000 orders, which is not true. 187,000 preorders, which may not equate to purchases. this is despite an impressive mishap after its launch last week. they tried to demonstrate the unbreakable windows, which does not t seem to haveve put off perspective buyers. it has been more than se

>> huber is giving choice here. this is early. they are experimenting with it. i expese will be able to -- that their preference is. i think it is probably going to depend on region, regulations, all sorts of regulations. the problem is, you have a driver and writer who can't necessarily agree on what they bloomberg has to give people options here. shipments of apple's popular air pods are expected to double this year. bloomberg has learned -- 60 million of the devices. that has been driven by higher than expected demand for the priceier air pods unveiled last month and they cost $249. chasing bigger deals, we speak exclusively to the ceo of splunk. we hear about the new pricing strategy that could feel in software dollars. this is bloomberg. ♪ taylor: splunk is the world's first data to everything platform. it software collects machine data and provides insights to businesses worldwide. 10% friday,s rose and its biggest gain in years. joining us for an exclusive interview is splunk president and ceo. great to have you. as a day. thank you for taking time. i wan

if i totally respect that, i will call you and huber, the song is over, where you going to go?al to sing about but we have reached such a stage of bone crushing literalism and the one other thing about this -- he was exposed to this song and colorado in 1949, he went back to egypt and became the leading force behind the muslim brotherhood because of "baby it's cold outside." the left has reached the same stage, same attitude to "baby it's cold outside" as the muslim brotherhood. >> tucker: they don't even believe in god, they don't have a good excuse for it. mark steyn, great to see you tonight. >> i really can't stay come up with records on. we are out of time, wishing we could keep going come out back tomorrow at 8:00 p.m., the sworn enemy of mine come up and possibly. >> sean: welcome to hannity, the crazy democrats expose, recognize -- the great one mark levan -- i just checked in with him, he is fired up and he will be joining us tonight. lara trump joins us tonight, so many of you have been asking -- we have the history -- two days after president trump is elected, impeac

huber, sinking to a record low after five sessions of losses. we have seen that post ipo selling restrictions have been lifted for early investors, releasing a lot of downside pressure. including investors not being happy with the latest earnings out of uber. block trades, goldman sachs with unknownn shares to holders. a lot of pressure for this company, amanda. and as you mentioned, a lot of pressure for the energy sector as well. a quick check on the price of oil over the long-term, one of the things factored in here is where we go on the global economy. when we hear from the imf saying to europe to be prepared for a downturn, including headwinds from brexit, that plays in here. and here is a name that is suffering the brunt of some of this, chesapeake energy. former high flyer, the oil and gas company has been dealing with low energy costs for some time. a heavy debt load, the concern now is chesapeake will not be able to go on as a going concern, as they had warned. one of the factors in all of this had been the trade headlines, for sure. pr

huber x, liverpool uber x, uber pool and uber riders would have to go to that pool, but sfo said usingmer to ease her rideshare congestion. >> really the idea is paying a few dollars more for the curbside access. >> will the airport see any revenue benefits? >> this will go right to uber, the airport will continue to collect the same fees from uber that they did beforehand. >> if all goes well the holiday season pilot program could continue past mid-january. the airport says lyft chose not to participate, you could get on board, next year. >>> darren peck will talk about the wind. >> not to be lost in the conversation about the wind, which is important, we had a pretty good cooldown today and i don't want that to be overlooked. look at the drop from yesterday to today. santa rosa was 12 degrees cooler, conquered almost 10 degrees cooler. san jose a degrees cooler and if you look at the daytime highs this is average, come back to november we had a nice break. these temperatures are where we should've been. having said that, it was breezy today and that ended a windchill i did make it fe

i think biden came out with a measure of huberous that no one expected.ght he would have obama's support. obama always was like 3 times not a charm. he is probably learning late in the game that this was a likely mistake. >> i heard today democrats saying bloomberg deportsupportet of republicans. talked about rudy giuliani and gave money to orrin hatch. >> now democrats are mad at him. >> that's what i am saying. wait a second you are waiting for the democratic nomination. >> he is not really running. he is running ads to crush trump. this is not a sister. conspiracy. it's a theory and i have never been wrong. --know. >> can i wall your wife now? >> we don't know if the dog is a boy or girl. >> the first gender reveal. >> and democrats questioning the party's impeachment strategy. that's next on "the five." we're related to them? we're portuguese? i thought we were hungarian. can you tell me that story again? behind every question is a story waiting to be discovered. this holiday, start the journey with a dna kit from ancestry. with medicare advantage pla

next, huber's losses. than $5t of more million. stock is down 30% since ipo in may.on the road to profitability. we will discuss. this is bloomberg. ♪ matt: welcome back. we are 22 minutes into the trading day. solid gainsome across european equity indexes. the ftse is up about 4/10 of a percent. let's talk tech. strugglingm that is to convince the market of its growth potential or that it can ever become profitable is uber. the ride-hailing app lost about $5.2 billion in the second quarter alone. uber is set to report third quarter earnings later today. tough ride fora uber this year. will these results be enough to win back the confidence of investors? writerus will be on engagement. this most recent round of job cuts will impact profitability. one company particularly tied up in uber is softbank. uber was once the star of the portfolio, but now managed -- labeled one of its biggest under producers. given the latest drama, we will have to see. those results are out later today after the close new york. matt: uber is going to have an effect on a lot of other shareho

to a portfolio of work instead of one person one job parent say will my kid get a real job cracks huber at night and a startup and another job during the day is a response to a changing world. how do you think about how you leverage that unbundling of the work to channel those energies to solve the problem that you want to. that's the first opportunity as we try to help humans upgrade themselves there are other issues with the workforce that we have to take advantage of because it creates opportunity if we change organizations in the right way and also it could be helpful if we use it correctly. talking about the half a dozen ai superpowers. not only china and russia but to be supported to solve the problems. so in the same way we see these constructs, the organization itself so from that model we have an organization. it's the box. corporate hierarchy and stick people in the slots and we did that as a rational response to build factories but the best communication technology but now we have these digital devices we carry around and can communicate with half the people in the world the

fox live in new york says huber must pay the state of new jersey after misidentifying its drivers as independent contractor rather than employees. bloomberg log reports the ridesharing company owes 523 billion in overdue visibility insurance and unemployed men's taxes. they were not paid over the past oracle years. the national football league suspends indefinitely cleveland browns player myles garrett. striking a player from pittsburgh in the head with a helmet during last night's game. two other players were suspended for one and three games respectively, the teams refined to adjust $50,000 each. this is a live look at our affiliate fox 2. if fox dismisses the civil lawsuit filed against engineering companies hired by flint during its disastrous water switch in 2014. argued the companies had some responsibility for the lead crisis in flint, but the county judge dismissed most counts last week. a live look outside the beltway with "special report." we will be right back. ♪ hi honey, we got in early. yeah, and we brought steve and mark. ♪ experience the power of sanctuary at the linc

.>>> the state of new jersey now demanding huber made the state $649 million for years of unpaid taxesw jersey claims uber mist classified their workers and independent contractors, not as employees. an audit says it found 500 $30 million in back taxes that had not been paid for unemployment and disability insurance between 2014 and 2018. almost $119 million in interest on top of that. uber plans to fight new jersey's report, saying drivers are self-employed contractors and they are not employees. >>> it is now 658. vice president mike pence is back in washington after two days of visiting california. the vice president was in silicon valley yesterday. he toured the nasa research center in mountain view and spoke to about 200 employees about the future of the space program. nasa ames will help build and develop a space craft needed for nasa's artemis program. that goal is to put people on the moon by the year 2024.>> for long-term exploration and use, not only to plant our flag and leave our footprint, to but to establish a foundation for an eventual mission to mars. >> there were some

. >>> coming up, huber ceo trying to walk back comments about the slaying of saudi writer, what he originally>>> we are learning more about one of the women killed last week's deadly drug cartel and push in mexico. her ties to california. >>> >>> there's veterans day and event who lives on the pole until it is hoping that someone that it extremely sentimental 10 will be returned. is restored porsche was stolen from outside car show over the weekend. it's worth a small fortune. rainy the reports that the thief may have stolen an expensive car but not the many memories. >> reporter: to some this 1960 porsche roadster is a car. to army veteran it's his baby. >> it's unique kind of car. >> reporter: the relationship started in 1972 when the man saw the for sale listing typed on an index card, the asking price $2300. >> it's the memories for me. i've had it so long. >> reporter: 47 years to be exact. so long his picture of the 350 6b model roadster range from black and white prints and it was silver to color polaroids when it was painted black but everything changed saturday while the 78-year-old

the firm posted first quarterly losses with staggering write-downs from huber and -- uber and wework. a top diplomat tells of a quid pro quo in ukraine as china sets its price for an interim trade deal. the u.s. must drop tariffs. less than half an hour until the start of european equities. all of those headlines, having an impact on the markets. let's look at what we've got. this is what futures tell us will be happening in europe. dax and cac, a little flat. ftse futures, looking more negative. futures, fairly unchanged at this point of the trading day, drifting after we saw decent gains at the beginning of the week. generally speaking, not moving that far on the u.s. futures, global futures and if we show you the gmm, fairly confused about the asian session. waiting for new lines around trade. the heard talk about the conditions the chinese want to impose on signing phase one of the trade deal in the u.s. will they require a rollback of the tariffs to get them over the political hurdles to do that? that is part of the narrative but we needed new information. the asian market is adr

. >> tucker: the rideshare company, huber, has fired more than 1,000 workers since july.hat's about 2% of its workforce paired meanwhile, during the same period, the federal government has approved hundreds of new h1b visas and that means they can replace those workers with foreign scabs who will work for less. it's like outsourcing but even easier because it would doesn't have to build a new building. something unusual about what it was doing. there is consensus in washington that we desperately need smart people from overseas to do the jobs that americans are too badly educated to do. the reason to fix schools, or make sure higher education is serious and nonfrivolous, we can just import people from countries that take education seriously. that's what we do. that's what the u.s. government passes out foreign worker visas to replace people like you who live 6,000 miles away. you probably haven't even heard of the f1 optional practical training program but in just four years, and 2009 to 2013, the programmer plays nearly half a million american jobs. the program allows fo

when you try to have a discussion, you come into words like sham, hoax, or let's talk about horowitz, huberam. i said that's interesting. you can get that plenty elsewhere. on my show we're going to talk about ukraine, impeachment and the facts that the president is saying that does not add up. >> the president on twitter, of course, saying that the impeachment is fake and all of that. there has been an attempt to ignore the story, i think, among some radio hosts. we're living in a world where "the new york times" is a six banner column headline. you listen to the radio and impeachment is boring, unimportant and doesn't matter. it sounds like you were resisting the tendency to downplay the historicness of the event. >> absolutely. i'm a trial attorney, former prosecutor. i know how to put on a case. marie yovanovitch, she inspired me. she was an outstanding witness. if nobody on radio talks about it, how are the american people going to understand? >> what's that about? what do you think that sort of attempt to put on the ear muffs is all about in right wing radio? >> i think they take thei

a testament to the strategy is they said huber is -- haslinda: [indiscernible] let's get to business.ent platform for go jack, talk to us about the growth momentum. what have you seen and what are you aspiring? go jack is going to manipulate. you look at the market for e-money it has almost doubled. we are a big chunk. being the pioneer we always look at growth from like three dimensions. you have to look at three years ago we launched this for drivers which pay for their daily life. now helping merchants getting access. growtha: what kind of are you looking at? >> numbers, we see the growth in number of cities -- you think about indonesia, we have 75% of the population that is [indiscernible] we are building this bridge. that bridge is important for us. -- as as many people opposed to building a bamboo bridge which only reaches a certain amount of people. it gives more and more people access. haslinda: no numbers today. >> i will let you know. haslinda: the are you -- are you intending for more strategy to build the ecosystem, which is important for a payment -- as a payment company

huber says it will challenge the ruling because it considers drivers to be independent contractors ina recommendation for the model s3 by consumer reports. the cars earned an average rating in their liability report leading to the renewal of -- that were moved earlier. the survey was dominated by japan and korea. you can get around up of stories to get your day going in today's edition of daybreak. bloomberg subscribers go to dayb go. it is also available on the bloomberg anywhere app. ♪ ."ery: this is "daybreak: asia sophie: an offering that could raise 12 billion u.s. dollars. our asian tech editor is watching the developments. recap why alibaba is doing this. >> multiple reasons. primarily, it wants to broaden its investor base and also it has been a long-standing ambition of jack ma's to list in hong kong. back in 2014, they came that close. they chose reasons, elsewhere. this is a homecoming of sorts for alibaba. with a move to gain favor the chinese government as well as with investors within the region. shery: alibaba is saying they missed out on the hong kong with regret back

plus huber, mcdonald's and under all fall on earnings. a >> it is decision day, a bloomberg survey is 100% certain rates will be kept at hold. >> markets have opened for trade. any he stocksouse are faring. is undere dollar pressure up a 10th of 1% with bond yields higher. a largely anticipated hold. the aussie dollar reversing a to $.70. a move let's get a quick check on futures elsewhere. futures hitting gains and a little change for the japanese markets as they reopened there. the cost could snap a three-day event while kiwi shares are extending monday's gains ahead of vika data from the region. >> ocbc, the bank reporting at $1.7arter income billion. third-quarter net income coming in at $1.17 billion. we are seeing the interest income coming in at $1.6 billion. income at just over one billion singapore dollars. third-quarter allowances for loans and other assets coming in at $179 million. see,e expecting to particularly when it comes to wealth related assets, seasonal benefit when it comes to hong kong, given the unrest. we will get

us,t and center for all of huber with a new battle in london.e in london. do you live by it, francine? andcine: it is cheaper sometimes more efficient than the black cabs that are iconic. what they were saying today is that a lot of the licensed drivers were not up to scratch. the chief executive has done a lot to ensure safety. we are speaking to someone who manages uber for europe. what else can they do. we know they will appeal this case. look out for more uber news in the next couple of months. tom: we will have that in the next hour. we are thrilled to bring you in of next hour chris marangi gabelli. and jeff currie will join us. we need an update on oil and soft commodities. this is bloomberg. ♪ everyone uses their phone differently. that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. all with millions of secure wifi hotspots and the best lte everywhere else. it's a different kind of wireless network, designed to save you mon

huber will start auto recording at the bride. as part of the safety push that they want to work on.r them. they are going to pilot this feature in some cities in brazil to start they have not returned any request for comment. it flies right in the face of what we talk about every morning. i have read just in the last couple of weeks you see them on twitter where you have a female passenger who gets out of the uber. i'm sitting out in front of your apartment home. this is for the safety of the passengers you opted then you consent the paper broke the story when the trip ends the user will be ask if everything is okay and be able to report a safety incident and submit the audio recording with just a few taps. you can opt into it. nobody will be able to listen back to the audio. this is a way for them to protect the safety of the individuals. >> i always hear the stories about someone saying something in front of their amazon device and the next thing you know you're getting ads for it. it's a solution. countries like brazil and mexico the economies are down. the u.s. possibly the priv