we note in the story that john mcneil's predecessor who came from amazon also did not last three yearsare questions about whether they could sustain somebody in that role and i think it may be telling they do not plan to hire another coo. shery: bloomberg has learned that citigroup is preparing to cut hundreds of jobs at its slumping trading division, the latest bank taking action following a rough first half for wall street. >> this is a serious move by citigroup. people familiar with the matter tell us hundreds of jobs across trading desks will go away, that includes maybe 10% of the equities trading desk. this is a serious move because citigroup has serious problems on the trading revenue side. much like the rest of wall street does. for the first half, if you take out a one-time gain, citigroup revenue from trading fell about 5%. all of wall street is seeing this trading decline and citigroup is responding with these hundreds of jobs being cut. >> turning to capital one, shares are sliding after revelations that a tipster email exposed a hacker responsible for a 100 million person

managers helped by the resignation of several senior managers including the chief operating officer, john mcneilan a year. the ride hailing sector is seeing increased competition, therefore putting pressure on prices. investors want to see how these latest results stack up against those of rival uber, and lyft is also hoping to match uber in the autonomous car market. it has teamed up autonomous car market. it has teamed up with google's parent company, alphabet, to bring driverless cars to the roads. and the markets have openedin to the roads. and the markets have opened in asia, and as you can see, the nikkei up ever so slightly. it is pretty much flat, it had actually been battered for the last number of days due to the strong yen, the concerns over the us— china trade war, but as you can see it is flat today, as is the all 0rdinaries in australia. that's it for the programme. thank you for watching. this is bbc news. the top stories this hour: us president donald trump has visited el paso in texas as part of a visit to two cities affected by last weekend's mass shootings. pakistan is to expe

. ♪ lyft,executive shakeup at john mcneil is leaving the company after joining just last year from tesla of global sales and service. notfounders say they will hire a replacement, so why is he leaving? >> that's a good question and we don't quite have the answer. hes an intriguing situation, didn't even last two years and he was in one of the most high-profile positions at the company stop we note in the story that his predecessor who came from amazon also didn't last three years. are questions about whether they can sustain somebody in that role and it may be telling that they don't plan to hire another coo. ♪ >> bloomberg has learned that citigroup is preparing to cut hundreds of jobs at the slumping trading division, the latest to take action following a rough first half of wall street trading. >> this is a serious move by citigroup, people tell us hundreds of jobs are going to go away, and that includes maybe , andf the equities trading this is a serious mood because citigroup has serious problems on the trading revenue side, much like the west of wall street, and if you take out a o

. >> john mcneil. >> the cmo left at the end of the second quarter why are these guys leaving after the>> that would concern me, which is why i think if the options come to fruition it favors the down side. but, you know, you are probably flipping a coin. if you made me play the game, which we love to play. >> play the game. >> would you rather. >> would you rather? >> i would rather play from the short side on earnings. >> what do you mean it is a different game >> it is what we do all day, buy and sell it. >> it is not really a game. >> sorry. >> we don't have to play -- nothing has to be a game, but -- >> you could make the argument, sometimes you have executives that stay until the ipo gets done, right? we don't want to ruffle feathers, stay until it gets done so that happens. >> a lot of the executives have been there and monetized and they're on to the next conquest. to be clear to expect -- unless you are the ceo, unless you're somebody it has been your baby and your vision, these departures shouldn't be, you know -- i what just be concerned this is a company i think is still wor

she wrote an op-ed for stanford's student paper and soon received an e-mail from lyft's then coo, john mcneilays executives no longer respond to her suggestions >> the response hasn't changed like the e-mails don't change. >> right, nothing's changed. >> the tweets don't change. >> reporter: both women agree on one possible solution. >> would you be satisfied if, for instance, you could just request rides from women >> yes oh, my god, yes. >> gilchrist and tealking say they're both haunted by the idea that their harassers might still be driving for another service today. >> the feeling i get is like they care a lot more about their image than actually like really putting safety first. >> that's disturbing, when you say on social media you're seeing complaints like this hourly. >> every hour, absolutely. >> so i mean, if something like this happens, people might think they can call the police, but i mean, there's not a lot police can do here. >> that's exactly right. this falls into sort of a gray area between outright criminality and totally unacceptable professional behavior, and what we wer