with that, jonathan bush thank , you very much. jonathan: thank you guys. hope that was useful. ♪ >> virginia senator mark warren is up next. ♪ >> good afternoon. the senator and i are here to talk about uber and airbnb and the future of the on-demand economy which is made possible almost exclusively because of the invention of the smartphone and mobile technology. the senator has a prop of the mobile technology that he helped to develop as a tech ceo before became senator. sen. warner: as a cofounder of nextel, i am the only speaker today who can say leave the cell phones on. it does not bother me at all. i did have a prop, thinking who would've thought that this would have turned into this? and the fact of the matter is, as we think about the on-demand economy, without this and gps there be no on-demand economy. so, where technology leads us as innovation comes about, we do not know. it raises a host of policy issues, which we are going to get to. let's have at it. >> the california labor commission had a ruling this summer. it said the people who work fo

that ceo, jonathan bush, joining us live first on "power lunch" to talk about it. tell us about one red hot area of health care as well. you're watching cnbc. jonathan, enjoy that coffee. first in business worldwide. ♪ there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. that's why i switched from u-verse to xfinity. now i can download my dvr recordings and take them anywhere. ready or not, here i come! (whispers) now hide-and-seek time can also be catch-up-on-my-shows time. here i come! can't find you anywhere! don't settle for u-verse. x1 from xfinity will change the way you experience tv. >>> welcome back to "power lunch." i'm michelle caruso-cabrera. general electric out with earnings beating on the bottom line but revenue coming in short of expe

with that, jonathan bush, thank you very much. >> thank you, guys.applause] ♪ then it. >> virginia serve mark warner is up next with derek thompson. >> good afternoon. senator and i had to talk about huber and left and airbnb and the future of the on demand economy which is made possible almost exclusively because of te invention of the smartphone and mobile technology. the senator as a prop of the mobile technology that he helped to develop as a tech ceo before he became senator. >> since i was the cofounder i'm the only speaker today this is even when i'm speaking from leader cell phones on. doesn't bother me at all. i did have a prop thinking who would've thought this would have turned into this? and the fact of the matter is we think about the on demand economy and without this, gps, there would be no on demand. in this issue it raises a host of policy issues which will get you. >> the california labor commission had a ruling this summer that said people who work for uber, they are not contractors, they are employers. this has helped kick off a p

. >> i think, jonathan talked about something important which is the dog that hasn't barked this campaign. supposed to be all about money, supposed to be all about super pacs, jeb bush has spent like $50 million -- >> we haven't gotten -- but really remarkable how little impact money has had. >> a little negative on the nontrump. in other words, if everybody else attacking each other. speaking of money have to talk about the democrats. bernie sanders put out this interesting quote, molly when he released this, he had very good strong number and at the end he says, he's talking about -- quote, incredibly the vast majority of all the money we've raised comes from small donor contribution, you won't see that from our opponent. i don't go around asking handful of million areas and billionaires for big checks and call it a day. that's right at hillary clinton about money is that effective? >> i think it's very effective. if you're on the trail with bernie sanders and he starts to rail against citizens united, it is very much at the heart of his candidacy, complaint about money and politics. interestingly, trump echos him a little bit there because i do think this is bipa

bush at 3. the publisher of "the cook political report" tom davis from virginia, also with us joy reid, and jonathanltar, msnbc political analyst and columnist for "the daily beast" charlie cook, you've seen a lot. you thought you've seen everything maybe, but then comes this week, which i think we can say every week of this campaign. this is an unprecedented kind of revolution we're seeing in the republican party. "national review" out to stop trump. we're hearing reports of so-called establishment republicans out to stop ted cruz. where are we, charlie? >> tom davis and i were just talking before the show. you can study politics for 30, 40 years. it's not of a whole lot of value. i think the key phrase, the key thing that new york times piece has said the establishment would rather nominate donald trump than to see him lose in november than potentially nominate ted cruz and cruz wins for four years, but it's a matter of -- they don't think the establishment, i think, generally speaking, they don't think that trump has the faintest idea how to governor, but they don't think he would win a general e

jonathan martin and alexander burns. this is alarming the gop leader. lobbyists andof donors and they are sending messages to the mainstream candidates, such as former governor jeb bushf florida, and they should withdraw from the race if they do not show strength soon. what do you think given what you just said? guest: i think if you are a candidate, you are not paying a lot of attention to that and you're running your campaign. the mindset of the campaigns that i have been in, and i believe the ones that are dean referred to in the article, are -- i am still going to win. suspectall based on national polls. when the voters start speaking, i am going to do well. that is the belief that everyone in these campaigns. they have been working hard for a long time, they have a lot of dedicated supporters. it may be that the folks in our native village in washington are agitating these things, but i think it will not have an impact , certainly in february amongst the candidates who they are talking about. not get out do before the iowa caucuses, but scott walker did. you are part of his campaign, and he said the field of establishment candidates needs to narrow. guest: he di