hopefully hyperloop can fix that.uick look at the markets and it is an up heat session right now for asia. the nikkei and australia currently in positive territory, together with the south korean index, after wall street rose to new milestones overnight as us republican lawmakers moved closer to passing tax—cut legislation. and potentially there could be more. thank you for investing your time with us. i am rico hizon, sport todayis with us. i am rico hizon, sport today is up next. the top stories this hour: president trump says the united states faces a new era of competition with rival powers such as china and russia. several people have been killed and more than 100 others injured after a high—speed passenger train crashes off a bridge near seattle, in the north—west of america. police in lebanon have arrested an uber driver in connection with the murder of a 30—year—old british diplomat in beirut. the body of rebecca dykes, who worked at the british embassy in the city, was found beside a motorway over the weekend

you got new information just as we were sitting down from the hyperloop one about the status.hat can you tell us? >> it did not come from hyperloop one, but i got a copy of his letter to the members of the board of virgin hyperloop one, and he said he is resigning from the board and he says signing his super voting rights to the brand-new cochairmen, a russian investor, who is going to be taking over all of shervin's voting rights. emily: we have a statement from sherpa capital. we should note that he has completely deny these allegations. working to find those who are " spreading false rumors about him." what do you make of his reaction? >> definitely not an apology. he needs to distance himself from the company's as they saw this stuff out. he is certainly not taking responsibility for the accusations and calling it a smear campaign. we don't have a real apology yet, but he is clearly putting some distance between himself and his companies facing these five allegations, six accounts, and a real arrest that occurred in london over rape. he was de-arrested, but there are quest

sir richard bransen named chairmanned of the board at hyperloop. bransen replaces pitch ivar who took a temporary live. the hyperloop built the first hyperlayoff prototype capable of moving cars or vehicles at hundreds of miles an hour. the biggest kpeter is space x and its founder ceo elon musk. >>> new plans to stop online harassment. today facebook ceo announced new tools aimed at preventing abuse. one of them is a new way to stop unwanted contact if you already blocked one on facebook. the new tool luol allow to you continue to block them from an alternate account. also an option to ignore instant messages. moving them out of your inbox without reading them. in a post she writes no one should experience harassment in person or online. she went on to say we will do what we can to make sure people feel safe on facebook. >> >>> too commercial too fast that's the concern of small farm cannabis groer as california prepares to legalize the sale of recreational marijuana. now lawmakers are stepping into the controversy. here is what's happening. the f

transport startup virgin hyperloop one has appointed british billionaire richard branson as its new chairmand of financing. this investment brings the total financing raised by by the company to $295million since its founding in 2014. let's look at what's trending in the business news this morning: the financial times reports that mining giant bhp billiton plans to withdraw from the world coal association due to differences over climate and energy policies, as well as the limited benefit it gets from membership of the industry association. we are going to be watching that one. bloomberg: british board members just keep getting older despite technology challenges. average age breaks through 60 years threshold for first time, while boards in other countries get younger business. british prime minister theresa may promises to negotiate a rapid brexit transition deal. good luck! and, don't forget, let us know what you are spotting online — use the hashtag bbc—the—briefing before i go, let's have a quick look on the market. we are seeing something of a santa rally and a lot of this is because of

he's taken leave from several company boards including virgin hyperloop, one which he co-founded. >>> san francisco will soon become the first u.s. city to let the law of supply and demand determine how much change you'll put in those parking meters. the sfmta board today approved demand-driven pricing for 28,000 street meters and those in city parking lots. prices will be adjusted every three months, and the rate could go as high as $8 an hour. >>> a lot more to come. oakland mayor libby schaaf rallies supporters at a fund-raiser tonight. >> but she wasn't the only one to rally. the message she got from those outside the doors. >>> plus alarm in the middle east tonight caused by president trump's controversial plan in israel. >>> and a homeless man who gave up his last dollar is sharing some pretty great news about his big new reward tonight. >>> all that's ahead. but first, there's a guest ost sitting in for jimmy kimmel tonight. "black-ish" star tracee ellis ross with what's coming up after abc 7 news at 11:00. tracey? >> thanks, dan and dion. i'm tracee ellis ross sitting in for j

when you get so fed up driving your tesla in traffic, he started dreaming about the hyperloop. his company performed its first high-scale test. the hope that it can take you to l.a. to san francisco in 90 minutes. maybe the answer to our road worries are in the air. >> i think the dream of the flying c >> reporter: this celebrity pioneer car is the world's first legal flying car on sale. it will take you and a friend from three wheels to no wheels, flying at 100 miles per hour. first models are available next year starting at around $600,000. it has approval in europe, but no word yet whether these models will be flying off the shelves in the u.s. >> i think i would do a flying car provided that it didn't fly too high. i don't want to do clouds and stuff, but maybe three-story buildings. >> a self-driving car has better reaction time than you do. you can have an entire freeway of self-drive cars going 200 miles per hour, five feet distance from each other. you want to switch lanes? you tell the other car you want to switch lanes and they open up. >> reporter: they offer driverl

he's taken leave from several company boards including virgin hyperloop, one which he co-founded. >>> san francisco will soon become the first u.s. city to let the law of supply and demand determine how much change you'll put in those parking meters. the sfmta board today approved demand-driven pricing for 28,000 street meters and those in city parking lots. prices will be adjusted every three months, and the rate could go as high as $8 an hour. >>> a lot more to come. oakland mayor libby schaaf rallies supporters at a fund-raiser tonight. >> but she wasn't the only one to rally. the message she got from those outside the doors. >>> plus alarm in the middle east tonight caused by president trump's controversial plan in israel. >>> and a homeless man who gave up his last dollar is sharing some pretty great news about his big new reward tonight. >>> all that's ahead. but first, there's a guest ost sitting in for jimmy kimmel tonight. "black-ish" star tracee ellis ross with what's coming up after abc 7 news at 11:00. tracey? >> thanks, dan and dion. i'm tracee ellis ross sitting in for j

and the said he is taking a leave of absence from his responsible -- responsibility at emergent hyperloopne. were amen said they sexually assaulted or harassed by him. current and former colleagues of a sixth woman say he groped her at an uber holiday party. he has sued the definer's, a research firm -- firm found did -- founded by republicans. they have responded to the suit saying they have nothing to do with the accusations and the suit should be dismissed. in a statement, he wrote "as the legal case progresses, it is my responsibility to make the family is not adversely affected . i and confident i will be vindicated." google won dismissal of the california action lawsuit saying the company systematically paid mail employees more than females. was written that this does not distinguish between women who have valid claims from those who do not. she allowed the women to file an amended complaint. the new complaint will make clear that google violates the equal pay act by paying women less than men for substantially equal work. coming up, just days away from its debut, bitcoin kept climb

spending a lot of time today calling shepard capital, the venture capital firm he cofounded, calling hyperloopcalling the politicians he donated money to to ask what kind of action if any they are going to take. i did hear from uber, who told me in a statement today they fully support those who have felt harassed speaking out whenever and however they choose . we commend their bravery. tom: his response is also -- i would like to go back a little to the denial. the denial focused on this idea of "she later maintained contact with me," "we were on friendly terms." tell me about that one kind of dynamic where your in silicon valley, new employee, new company, outside investor. aily: outside investor with relationship with travis kalanick. you can imagine that she must have felt as if this is a person who had power and influence over her and that perhaps she wanted to maintain the cordiality of that relationship. shervin pishevar taking a different approach than some of these other men who have been accused. he has outright denied some of the allegations. through his attorney he said they are con

david: do taking a leave of absence of sure but -- of sherpa and version hyperloop because of allegationsisconduct. let's get to headlines with bloomberg first word news. we have mark crumpton. house speaker paul ryan says the tax bill passed by the senate early saturday is quote monumental reform. as big and other republican leaders continue to praise the progress of the legislation. ryan: we passed the motion to reconcile these two bills. do, buta lot of work to they are going to get this done. they're going to make this legislation the vesting can be. they are going to make it better than what we've already seen. mark: congressional leaders are scheduled to leave -- to meet with president trump on thursday. republican leaders delay the plan house vote for a short-term budget vote to buy more time to settle gop divisions overspending and avert a weekend government shutdown. they plan to wednesday vote on the measure and that bill is designed to give agencies open until december 22. the associated press says the full house plans to debate the legislation on thursday. federal funding runs

i personally think, um, i believe in elon musk and the hyperloop and the tunnels.hat will solve all our problems. someday. [ crosstalk ] >>> the roads are getting busy. there's no major backups over at the toll plaza right now. we typically see for this time of morning, but it's "holiday light" at least this morning it is. so let's take it to our maps. we are tracking an accident in san francisco. this is northbound 280 as you approach alemany boulevard there. it's blocking the right lanes. as you can see, it's not causing a backup. traffic is still light. we are starting to see some slowdowns along 19th avenue but that's to be expected. we will take it to 101 right near cesar chavez and you can see that traffic is doing fine in both directions. again, very light. if you have some getaway plans, hit the roads now. you won't be in those delays as they are likely to come. here's a live look at the bay bridge toll plaza. no metering lights. we have not seen any delays or backups this morning and we even had some lanes blocked earlier. richmond/san rafael bridge delays

he is taking a leave of absence, taking a leave of absence from hyperloop.not apologized for these allegations. he has said he is going to pursue a lawsuit where he says he will be vindicated. a statement from sherpa capital, we recognize the convocation but we have never received a complaint. we are launching an investigation. remember, we reported five women accused him of sexual assault or harassment. , a formerman colleague told us she was groped at a holiday party. these allegations are very serious. he's a major democratic donor. donated the money he gave to them to charity. we have seen a reaction from some political communities. we are talking to others, his investors. again, all of this developing very fast. >> quite the ripple effect. thank you so much. scarlet: coming up, come -- consolidation. this is bloomberg. julia: it's 3:00 in new york, 8:00 in london. i'm julia chesley. scarlet: welcome to bloomberg markets. julia: we are live in bloomberg world headquarters of the next hour. here are the top stories we are covering. banks in the crosshairs

is taking a leave of absence from his duties at venture capital firm and transportation company hyperloopne. five women who met him in a professional context said they were sexually assaulted or harassed by him. current and former colleagues of a sixth woman say he groped her at an uber holiday party. pishevar has sued the definers, a research firm founded by republicans, for spreading false information about him. the definers has responded to the suit, saying they had nothing to do with his accusations, and the suit should be dismissed. in a statement, pishevar wrote "as the legal case progresses, it is my priority to ensure the family is not adversely affected. i am confident i will be vindicated." this week, google won dismissal of a california action lawsuit saying the company systematically paid male employees more than females. san francisco superior court judge mary weiss wrote "the definition does not purport to distinguish between female employees who may have a valid claim against google versus those who do not." she allowed the women to file an amended complaint. the new compla