out to travis kalanick's hometown. that is when they made the amil michael.st travis kalanick has been his that's been by his father's bedside who is still in serious condition. involved in aas couple of other scandals. they believe that he is the fall guy for a week board that couldn't take action on its own. the other two scandals i'm referring to, number one, the information reported a story l michael went to an escort bar. that was reported by a female employee, the other incident involved a rape case in india whereby an uber employee had obtained the medical records of --s big them, and we report air newcomer reports that travis mil michaeld e believed there was a conspiracy going on that there competitor perpetuated the idea of a conspiracy that perhaps the rape didn't happen or there was some sort of distortion going perpetuated that story. i mentioned the cultural values under scrutiny, again, the report by eric holder, the rewriting of cultural values, they are having a problem with partying and alcohol. what

travis kalanick has a lot to deal with right now, but it's not like you're ripping all the travis kalanickight away. >> you have an entire company that is made in one man's image, and on the one hand, he was instrumental in growing out this revolution in getting around, a $70 billion company, most valuable private company in the world. but at the same time, because the company seems to so clearly have been made his image, it allowed some of the dark side of travis kalanick to be represented throughout the company in ways that were hard to take out. and i think that was part calculus here-- in order to extract the toxicity of the workplace, you sort of of have to cut the head off the snake. >> glor: jack ma is the founder and executive chairman of alley bawb athe giant internet marketplace. now he is focused on harnessing america's small business to meet the demands of china's exploding middle class, the largest in the world. charlie interviewed him this week. >> the world changes so fast. i worry a lot, the artificial intelligence may take a lot of jobs away. and i worry about if we do not

i do not think that is the way kalanick did it at all. emily: let's get back to kalanick.broader concern about the overall arrogance of founders and silicon valley. what lessons can founders and investors take from what happened in uber? there was a lot of talk about the greed of investors in enabling kalanick. that is a very legitimate point. he seemed to be turning entire industry upside down in a way that could be enormously profitable. people thought he would potentially create a new monopoly, ala facebook or google. i never thought that was a strong possibility. he got people excited by the potential scale of his victory, and they just threw money at him needlessly. beingd to see investors ore careful and nuanced cautious about how they throw money at people. he was allowed to run wild because of the greed of his investors. that come up to me, is the single biggest problem. emily: david kirkpatrick, not mincing words. chonomy.conomy -- of te and the trading debut after raising $1.9 billion in the second biggest u.s. ipo. after itny gaining 9% sold $60 million more sha

taxi for kalanick! uber‘s troubled chief executive travis kalanick quits the company after a revolt by major shareholders. live from london, that's our top story on wednesday 21stjune. kalanick has been underfire after the firm faced a series of scandals including complaints of sexual harassment. last week he said he was taking an indefinite leave of absence. also in the programme. britain's government gets ready to unveil its legislative plans for the coming year. but can it really force through economic reform without a parliamentary majority? here's how european markets have opened. they are all heading lower, will explain who the winners and losers. and how sleep became big business. we'll meet the man behind a new generation of mattresses giving traditional bed makers nightmares. and as barbie‘s long—time boyfriend, ken, gets a makeover — he's got new hair styles, body types, new clothes and new skin colours — so today we want to know, what childhood favourite of yours should get a revival and make

travis kalanick. after months of internal turmoil, investors from the ride sharing company forced kennellic's departure in a contention meeting in a hotel tuesday. he had come under fire for creating a toxic culture many felt within the company and his own personal conduct. kalanick will remain on the board and retain voting rights though this remains to be seen. mike isaac of the "new york times." from washington derek thompson of "the atlantic" and here in new york max chafkin of bergs -- of bloomberg businessweek. pleased to have them all here. max, this may have been the biggest news week of all. >> this is pretty stunning in sense that travis kalanick had full control of the company in almost every way. he was c.e.o., had voting control and board control so he had to be the one to decide to step away and it was something pretty much unthinkable some months ago. >> glor: he had board control till he didn't. >> that's right, they slowly started turning on him over time. i think the problem for a lo

what does uber look like without travis kalanick?ho could fill this void >> that's a great question the thing about uber is it is so intertwined with travis's personality, his -- he is uber he is really the person who is largely credited with bringing them to the size they are today. operating in hundreds of cities, dozens of countries. i heard different names floated publicly i have not heard of serious candidates just in my reporting in terms of who the board is talking about for ceo. one of the other conditions was to immediately call a board-led ceo search that's on the agenda now >> great stuff, mike thanks for joining us on that story. mike isaac from the "new york times. >>> breaking overnight, saudi arabia's king asking the sitting crown prince, his nephew, and putting his son, mohammed bin salman next in line for the throne the saudi all share is up on the news his son seen as someone who is a reformer, modernizer and the market has liked that change up 4%. let's bring in the head of commodity strategy at capital markets. >>

what happens to uber without travis kalanick?> well, right now, i mean, they're going to continue operating as they have they already had sort of in place a leadership team. he was taking a leave of absence so they've already sort of kind of geared up for this. i think the bigger picture though is what it does to the valuation, to the whole idea of the company. a lot of the earlier investors still think of uber as travis kalanick's company anyway. so for some of those early guys, i think they're still kind of coming to grips without travis kalanick company anymore that's the big question mark >> what's happened to competitors like lyft in the meantime as all of these confusing stories have been swivelling, as uber's been kind of focused on its own internal issues they've been picking up market share, right >> that's a good question. but i've actually been surprised that lyft hasn't taken better advantage of uber's troubles right now uber still leads, you know, in terms of riders, and drivers, there's this sort of network effect t

do we know what is next for kalanick? reporter: he is still going to remain on the board and have a lot of control of the company because has the majority of the voting shares. they're looking to fill his position as well as the chief financial officer, as well as to members of the board. lauren: who could be the next ceo? any names being thrown out? cheryl: tracie carrasco, thank you very much. breaking this morning, we have a winner in georgia. republican karen handel defeating democrat jon ossoff in the georgia special election to the most expensive house race in history with campaigns and outside groups combined with about a million dollars. >> to the jon ossoff supporters, note that it may commitment extends to everyone of you as well. we may have different beliefs, but we are part of one community, the community of the sixth district. cheryl: president trump tweeting congratulations to karen handel on her back when. fantastic job. we are all very proud of you. lauren: jon ossoff comment not able to recover from the

travis kalanick leaving his post.ayed a starring role in many of the company's biggest controversies, including this video showing an argument with the driver about pay, published by bloomberg. what does today's news mean for leadership at uber and beyond, and what legacy will travis kalanick leave behind at the company he helped build? and michael wolf. shira, quite fascinating. travis was a visionary. he also was divisive. what are we going to be seeing in terms of what this means for very few other entrepreneurs having this sort of legacy? we had bill gurley, one of the key investors in uber, say this is something we should be talking about. shira: i don't think we know what uber is going to look like without travis kalanick. for better or work, -- worse, this was a company made in his image. uber needs to figure out who its leader is going to be and what does the company look like without this powerful ceo and cofounder leading the company on a day-to-day basis. you are right. i think this is a wake-up call. every

in a widely seen video earlier this year, kalanick argued with an angry uber driver.mpatience to charlie rose last year. >> we are generally a little bit forward leaning when it comes to >> reporter: under kalanick uber described its corporate valleys with headings like always be huft lig, and principled confrontation. the report by former tank eric holder recommends adopting values that are more inclusive, emphasizing team work and mutual respect. crisis communication expert jeremy robinson-leon says kalanick's exit and hold der's report are just the beginning of the changes uber is likely to need. >> the overall narrative has shifted so far out of uber's favor, that without big, corrective action it's going to be impossible for uber to achieve a true reset. >> reporter: when travis kalanick returns to uber headquarters here, his role will be somewhat diminished. the recommendations released today, scott, call for a chief operating officer to take over many of kalanick's responsibilities. >> pelley: john blackstone in san francisco. thanks. last night, three american

kalanick was bad for uber's image is nothing new. this maging zen cover is from two and a half years ago, uber bad. whoever uber picks as its new leader travis will have a say. out as ceo, but it remains on the board of directors. presumably he's still taking that leave of absence, the one recommended in the holder report. we're trying to clear that up, what his status is. uber has promised 180 days of fixes. 180 days of making it right starting with tipping. this is what your uber app will look like on the tipping screen uber promises new announcements every week. glass door released its list of ceos in the nation. uber is not on it but lots of bay area companies are including clorox in the east bay. glass door says clorox ceo is the best boss in all of the united states. shares of chipotle fell another 7% tuesday. the company said it did not expect business to improve in the short term. the dow fell 61 points off record highs. the nasdaq down 0.8%. google this morning releasing a new jobs search engine. jobs near me. you can search

kalanick is an aggressive entrepreneur known for breaking rules. that hard charging style also explains how he built a company that revolutionized transportation. >> we're changing the way cities work. >> reporter: since its founding eight years ago uber has expanded into 80 countries serving 40 million riders in a month. a recent report predicts by 2030 people will use ride sharing for one in every four car trips. >> at this point in 2017 people are really asking themselves do i even need a car. >> reporter: but uber has already lost market share to arch rival lyft. forcing out kalanick is seen as a move to keep drivers and usingers from defecting. >> this is wake-up call for uber, this is a wake-up call for silicon valley and the world that we need to have economies that support positive corporate cultures. >> reporter: who will take over the driver's seat? one reported choice, facebook ceo sheryl sandberg. but word is she's staying put. as kalanick is forced to take the exit ramp, uber searching for a new road ahead. jo ling kent, nbc news, los

travg kalanick re-- travis kalanick resigning from uber, a company he helpeded create. >> why he wasven out of uber? >> a team pressured kalanick to step down, the former ceo did, handing in his resignation last gigantic. >> in a statement:. ent:. . >> must have been pressure from investors to have things change so quickly. >> the swarment and other issues have dogged the company in recent months. and eric holder released the report they were ordered to give on the work place culture at uber. one of the recommendation is to make changes to the senior leadership. and a search for financial stability may be ultimately what pushed the board to push kalanick out of the role. >> a big player here. but also see reports of uber losing market share to lyft and perhaps other services and you see the continue where you will al large losses. >> and travis putting uber first, a bold decision. . . . >> kalanick, who cofounded the ride sharing program in 2009 will still sit on the board of directors. a professor said kalanick will continue to play a prominent role at the complainant company, but h

kalanick ii?n we just not have that. >> all right >> i'm floating that and shooting it down immediately the a word is extraordinary. when the book came, all they wanted to talk about was -- i've never seen someone so universally reviled but at the same time recognizing that when you go to china to get a deal done or did you -- >> go to miami. >> yes. >> and take on the taxing commission. >> i don't think you want to be a sweet guy. there wasn't a lot of sweetness. there isn't a lot of sweetness to kalanick. >> yeah. >> no one thinks about the s word, but i do think that that job would be a great job and i'm not putting john scoli in it, fabulous guy, marissa meyer. adam bain, wow, hey, i'm the nicest guy in the world. i'm ready. adam bain is -- adam bain is like nice. >> yes. >> i remember continuing with the wife analogy my wife says, that guy's the nicest guy in the world. could be good for them change of pace change of pace. >> speaking of disrupters, jack ma of course has been the focus of dav

. >> and what lid to kalanick's resignation. >> reporter: uber chief travis kalanick bowed to pressurem at least five investors who demanded his resignation from the ride hailing company, a business valued at nearly $70 billion. he released a statement saying i love uber more than anything in the world and at this difficult moment in time i have decided leave. it was kalanick who drove the free-wheeling start up to a behemoth in eight years, but an atmosphere of racial and sexual discrimination forced krfters' hand. >> they had a series of setbacks. to another e-mail that came out that talked about a party-like culture. so this is not a good thing for the company. it's not good timing. it's not good optics. >> reporter: a key moment came in february when susan fowler posted a blog about her year at uber, accusing them of turning a blind eye to sexual harassment. eric holder's firm was hired to investigate uber's workplace and found the male-dominated firm didn't have the most basic policies in place to protect workers. a month later, kalanick was forced to apologize after this video of

jeff: so it will he led by somebody other than travis kalanick. but travis kalanick was uber.: that's right. he was responsible for the company's bottom line, the revenue, and the culture. in many ways, the revenue came out of the culture. this incredible relentless focus on improving the culture -- product and making sure it was growing, growing, growing, allowing him to get away with this behavior, which we now know is pretty heinous. it's a remarkable story, because uber is an astonishing accomplishment. the largest private company in the world. $68 billion in value. it made $20 billion in revenue last year. globaln enormous colossus of this new emerging culture, and how people got around, not just in the u.s., but around the world, but to get there there was a brewing culture that was toxic. it will be interesting to see what uber will be like without travis. jeff: big revenue, but the company is still losing money. max: yes, still losing money. that's one of the things we should all be paying attention to. and derek is uber, right, it is big and impressive. but i do not t

travis kalanick has resigned as to investors turned up the heat. what will his absence mean for uber's business? let's have a look at where european equities are trading just under 30 minutes to the close. i wouldn't equities in a second. i want to look at sterling volatility. we have seen the pound spiking after in pc member said -- after mbc members that he could vote for a rate increase as early as this month. sterling set for the biggest decline in a week. usually on the mpc.dovish side of the you can see it rising at the end of the chart, hitting a ties level since april. action at gilt, more on the front end. we have seen the front end of the two-year get yield rising eight basis points with a 10 year yield rising for basis points. here i have shown the curve of two verses 10, you can see the flattening off. it is certainly at its flattest level of the year since november. we will talk about the gilt market reaction in a moment. talking that equities with the close coming in 30 minutes. we are seeing losses on the stoxx 600. this is the secon

according to the times, kalanick said: kalanick will reportedly rem on the board of directors. google is celebrating a victory in t >> it's not clear who will take over. kalanick will reportedly remain on the board of directors. >>> googlele has a victory in their effort to transform downtown san jose. they hav station. betty yu reports. >> reporter: the city just gave google its first okay to build a new megacampus here in downtown san jose. this vote is being called a once in a century opportunity and when all is over, it could be nearly 4 times larger than apple's spaceship campus in cupertino. the san jose city council agreed to negotiate exclusively with google to sell city-owned land to the company. >> okay. motion prevails. >> reporter: it was a 10-1 vote. nearly every council member is welcoming google to the area near the diridon station and "s.a.p. center." san jose says google will pay fair market value no special deals or incentives. the campus would generate millions in tax revenue but dozens of residents and groups are supporting renters and low wage workers showe

and last week, kalanick took a leave of absence. since the company's problems started, there has been a mass compa currently has no ceo, cfo or cmo. we talked to some uber employees who were split on whether kalanick's departure is the right move for the company. some ridery the cha is much needed. >> i think he should be held accountable. the guy just leads a culture of just really making it a real difficult workplace for women to work in. >> uber's board is also chime ng, saying in a statement, quote, travis has always put uber first and that the move will allow the company the quote fully embrace this new chapter. ur filling that vie cant position at the top. there are reports that ar asiana huffington is leading that search. in the meantime, the company is being run by its top ten executives. for "nightly business report", i'm adidi roy, san francisco. >>> still ahead, china needs more products that are made here in america and the ceo of a chinese e commerce power house is trying to make >>> the u.s. and china are calling on no

number two, don't forget, kalanick is on the board of directors.stock is vesting but the pun is he can vest in peace. he is is still involved, he is still there, still part of it. on one hand they get to get rid of the ugly side, issues they have been having as you point out cost to change or lyft to gm's program is zero. all the consumer has to do to change the app on their phone. trish: what does sheryl sandberg bring them? >> sheryl sandberg is brilliant choice. she instantly overcomes all the problems. whether she is right choice, technical choice, i don't no idea. from marketing point of view, sheryl sandberg says there is adult in charge and calm in charge. trish: a woman by the way with is relevant for this company. >> that's right. that's hugely important. and, she did it before. she did it at another frat rat dorm bro company, facebook. so that she could do the same thing here. i think from optics point of view, by the way sheryl sandberg is from miami like me. i like her for that reason alone. trish: we'll watch. maybe she will get it. br

travis kalanick announced: he's resigning.to the new york times: >>> good morning, it's 7:if. i'm michelle griego. the embattled ceo of uber is out. travis kalanick announced he is resigning. according to the "new york times," five major investors wanted him out. he will reportedly stay on the board of the company. >>> there is a "flex alert" in effect today because of the heat. officials are asking residents to conserve energy during peak hours between 2 p.m. and 9 p.m. to avoid blackouts. we'll have your full forecast coming up after the break. >>> good morning. we're tracking a head-on crash that has one-way traffic control in effect for drivers using highway 92. this is in san mateo county right at highway 35. skyline. you can see speeds drop below 10 miles per hour. if you are going between 280 and one, police avoid the area if you can. you will be faced with some major delays. emergency personnel on the scene. and no estimated time as to when they will get that other direction open. >>> over to the east bay, take a look

travis kalanick is out after a series of scandals.emarco morgan has more. >> it's how uber connects with diversity is through adversity. >> reporter: after building a nearly $70 billion empire in less than 10 years the cofounder and chief executive travis kalanick is out at uber. >> this is a tricky balance of this kind of business. >> reporter: his resignation comes after the company had a number of missteps including a sexual harassment controversy and a federal probe into uber's alleged use of software to avoid some law enforcement. kalanick has been at the center of controversy including a heated back and forth with an uber driver caught on camera in february. >> this is the whole business. [ indiscernible ] [ yelling and cursing ] >> reporter: in a statement to the "new york times" he wrote: i love uber more than anything in the world. and at this difficult moment in my personal life i have accepted the investors request to step aside. >> i guess at the end of the day we felt like we were good people doing good work. >> reporter:

quickly mentioning travis kalanick, he is gone? iam mentioning travis kalanick, he is gone?about uber is... it is a driverless company, but interestingly, a lot of investors are divided. they say, look what happened to apple when steve jobs was let go. that was when apple really started to grow. travis kalanick has been criticised for his aggressive tone, but it leaves them with a huge vacuum at the top. thank you so much, lovely to see you. thank you for your company and have a great day. we will see you soon. hello, there. we saw the peak of the heatwave on wednesday afternoon, with temperatures across southern britain soaring into the low to mid—30s celsius. it was 35 degrees recorded at heathrow, which was the warmest day of the year so far, but also the warmestjune day since 1976. wales also saw its hottest day with 31 degrees recorded in cardiff. further north, though, it is a little bit cooler, and we start to see a thundery breakdown developing, particularly across northern england and west scotland as we head into wednesday evening. that heat will continue to retrea

(pam)uber ceo travis kalanick is stepping down temporarily.4's dan kerman is live at uber hq in san francis o with details uber's leadership and workplace culture has been the center of attention following a string of incidents, among them a video showing ceo travis kalanick arguing with a driver who claimed uber's fare reduction forced him into bankruptcy. .. and claims by a former female engineer that she was sexually harassed by her boss and senior mangers ignored her complaints. now in a letter to employees kalanick says he will take a leave of absence for an unknown period of time "to grieve my mother," who died in a boating accident last month and "to work on travis 2.0 to become the leader that this company needs." sot wayne rash/eweek tech columnist 38-49 the question is just how arms length will he be away from it because travis was responsible for the toxic environment that was at uber because of his irresponsible actions as a manger so he's going to have to stay disengaged and if he's not, it's not going to make a differencekalanick

seems like kalanick and some of his other guys lost control of it.e trying to clean the mess up they were not paying attention to occurring in the first place. neil: scott, fine outfit, i don't care what you're saying about it. >> thank you. neil: good seeing you. meantime house ways and means chair kevin brady is still confident the speaker is right, they can get a tax package done by the end of the year, by september, you know what he said that really struck me in a conversation i had with him, that border tax, speaker ryan isn't mentioning. that border tax, the white house is not mentioning, that border tax other republican leaders are not mentioning? he is and rather loudly. ♪ . . but dentures are very different to real teeth. they're about 10x softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. it's unique micro-clean formula kills 99.99% of odor causing bacteria and helps dissolve stains. cleaning in a better way than brushing with toothpaste. that's why dentists rec

in the case of uber, there wasn't enough control or training for kalanick.e is much older than zuckerberg and they never put into place the systems that were necessary that led to the sexual harassment of retaliatory behavior of the sketchy moves to stop regulators from checking what they were doing and so, you know, i think it's been an unusual case just taken so far down the road you can see it happening with a lot of other people. it's worked well for google. it's worked well for facebook. it's worked well for a lot of companies. >> kara, what happens to the board? >> i think they need a lot of new people and i wouldn't be surprised if there's a shake-up on this there are a lot of independent directors if they need to go public but they have a lot of different voices to counter the founder. so we'll see i think they will probably bring in, you know, i have heard names like meg whitman coming onto the board. or people that don't necessarily have money interest in it. or an employment interest. so, you know, there are all kinds of people you can bring in al

charlie gasparino to replace travis kalanick.rain to the new york yankees sending their losing streak. in basketball, big news for the nba draft. we will tell you what teams are making deals. lauren: 5:01 a.m. in new york. good morning. i'm lauren simonetti. cheryl: i'm cheryl casone. you are watching "fbn:am," your first look at morning markets and breaking news. and whether in politics. lauren: senate republicans will unveil their version of the new health care bill this morning. the measure to rollback the obamacare expansion of medicaid and penalties on people not buying insurance coverage and eliminate taxes to help pay for obamacare. cheryl: in cedar rapids, iowa, president trump seemed optimistic about senate bill. >> we have a very slim 52-48. that means that basically can't lose anybody. i think it may help, can't guarantee anything, but i hope we will surprise you with a good plan. i've been talking about it playing with heart. at the money to it. but obamacare instead. train to democrats strongly criticizing republican

jeff: so it will he led by somebody other than travis kalanick. but travis kalanick was uber.: he was responsible for the revenue and the culture. the revenue came out of the culture. the relentless focus on improving the product and making sure it was as good as possible and growing, growing, growing. him to get away with some behavior which was pretty heinous. uber is an astonishing a competent. the largest private company in the world. $68 billion in value. it may $20 billion in revenue last year. -- enormousorma's global colossus in how people get around all over the world. in order to get there, there was this culture growing that was toxic. it will be interesting to see what is uber like without travis? jeff: big revenue, but the company is still losing money. max: still losing money, and that is what we should be paying attention to. everybody sees uber -- uber is big and impressive. it is not as firm as people think it is. lyft is coming on fast. they had big battles in many other cities. uber has been pouring money into the cities for years subsidizing every ride that

kalanick has been tending to him since the accident. employees in 2013 was leaked. he was also seen in a video galina uber driver in february. hoover has not issued any comments so far. cheryl: the results of the investigation tomorrow. >> are expected to learn more about attorney general holder recommended to uber. we will see what they change. lauren: thank you. cheryl: global market action overnight. the technology selloff was not taken on friday continued in markets this morning. the nikkei down half a percent. hang seng is up at shanghai coffee down 1% as well. pressure continues. >> stocks in europe so enough as well. the ftse down 30 points in london at the cac down 57 points in paris in the dax down 121 points in germany. cheryl: ) the nasdaq. backing up a little bit. down about 1% in premarket down .87%. s&p pointed lower by seven. now a little under pressure as well. trends in the same socks with microsoft and apple are the ones to lead the market higher this year. we've seen that not be the case friday after tumbling about 2%

travis kalanick announced he is resigning as ceo. according to the "new york times," the five major investors demanded he go. in a statement to cbs news, the board said: the company room to fully embrace this new chapter in uber's history." this comes as the comp o shed recent co ies by changing some of its policies. uber announced -- passengers will now be able t >> this comes as the company is trying to shed recent controversies by changing some of its policies. uber announced passengers will now be able to tip drivers through the app. also, drivers can make more money when passengers keep them waiting past two minutes. the moves are part of uber's 180 days of change. >>> tesla is also making staffing changes. the company just hired a major figure in artificial intelligence to be its new head of ai and autopilot vision. he has worked for a nonprofit research lap called open ai and worked at alphabet for google. the move comes as tesla's vice president leaves the company for self-driving technology. he says excited to join tesla as

travis kalanick is taking a leave of absence for the company with no timetable on his are return whatean for uber manageme management, its customers, let's bring in the professor of law at northeastern university and m l molly wood, tech correspondent with marketplace polly, i'll begin with you kalanick leaving, no timetable for his return a number of other top-level posts. what is uber today is it an operating entity? >> that's a pretty long list you do have to remember uber has brought on some fairly high-profile people in recent weeks including francis frye of management and strategy. there will be people working on revamping the culture and they will be promoting from within but it is absolutely true one of the biggest problems at uber that's been identified by people like francis frye is that it has a problematic management structure in which everything flows through travis kalanick. it is certainly going to be an absence felt pretty keenly >> molly, the one thing i will say is this. it's a private company so we don't know all the internals but we haven't seen fidelity and other

kalanick also forced to apologize in march after this video of him arguing with one of his companies drivers about pay surfaced. >> some people don't like to take responsibility. they blame everything -- good luck. >> good luck to you, too. after serious turbulence on a houston bound flight. it pass through a tropical storm zone. people wearing the braces, seated in wiltshire's, and ambulances.d and amy lentz >> people jumped to the ceiling of the plane. >> everybody was scared to death. landed, firstthey responders were there to help united says it is reaching out to those passengers to provide further care and support. developing now, rates are being carried out by belgian police following a foiled terror attack . late tuesday, a man detonated suitcase with nails and several gas canisters. inside while charging. the suit is only partially exploded. he was shot and later died. the suspect has been identified as a 36-year-old moroccan man. no one else was hurt in the incident and brussels central station has reopened. is here,r solstice marking the longest day of sunlight of the year

uber's ceo travis kalanick has stepped down a statement from uber's board of directors said kalanick's bold decision to step down was a sign of his devotion and love forever the compan for the company. pressure mounted on the uber founder from five of the major investor s to resign immediately. despite these scandals, uber remains one of the most highly anticipated ipos in the tech space. geoff spoke to kalanick about the potential listing last year. but he would not die vvulge when the company would pull the trigger. >> we have to ultimately find liquidity for all shareholders but i'm going to make sure it happens as late as possible. >> two years three years? five years ten years? >> i'll keep you posted. i have no idea >> another ipo that has persistently gotten market attention is saudi aramco. we asked if haven't volatility in the oil market could affect the mammoth listing and lead to the world's first ever trillion dollar company he said the complexity of the deal will have a greater impact than the price of crude. >> irrespective of the falling price of oil, this is a huge comp

travis kalanick is resigning as the ceo of uber.fter five of uber's most prominent shareholders demanded kalanick's resignation in a letter yesterday. >>> the 31-year-old defense minister and the king's son has been named the new crown prince. the reason has not been announced. >> the president yesterday tweeted that china failed to persuade north korea to rein in their nuclear program. trump criticize the warmbier's case a disgrace andblaming president obama for not demanding the release. >>> jon ossoff has come up with his bid for flip the seat in georgia. it proved to be the most expensive race in history and karen handel managed to keep price's former district red. north that but handel become the first woman ever to be elected to congress in georgia. democrats looking for a sign of a wave in this traditionally red district. but the outcome has come from others before it close but not close enough. for more, we're joined by nbc's gabe gutierrez live in roswell, georgia. gabe, to sort of parse to interpret the race as a reflectio

travis kalanick stepped down as the ceo of lugar. the ride him a giant candy his resignation yesterday after shareholder revolt. reported by "the new york times," transcends that it comes five hours -- hours after five of the company's bid to shareholders demanded in a letter he resign immediately. last week uber announced kalanick would take an indefinite leave of absence to create the sudden death of his mother. in a statement, kalanick says i love transfer more than anything in this world. i've expected the investors request to step aside and go back to building rather than be distracted with another fight. transfers were directors praised his decision spreading this is a bold decision in the sign of his devotion and love for uber. he's taking time to heal from his personal tragedy while giving the company room to fully embrace this new chapter in uber's history. the start of valued at $70 billion without a leader, without a ceo, cfo and cio. pretty incredible news here. the founders stepping aside. he might be put in watching the

with kalanick benched as ceo there is several gaps in uber's leadership.t now uber has no chief financial officer. no chief operating officer and no president. liz? liz: wow, what a story. hillary, glad you're on the story, great reporting there. thank you very much, hillary vaughn. >> thank you. liz: with more on the embattled company uber, the shake-up there, bring in attorney kurt schlichter and jason rodman. first to you, kurt. wow, uber has a lot of rebuilding to do. >> it certainly does, liz, this is a leadership problem, and the leadership problem started at the top. it's great to see mr. kalanick taking personal responsibility for the problems and going to work to fix them. he went out, he got outside eyes to look in and give recommendations, the board took them. this is important, it's important to recognize your weaknesses, important to work on them. uber is a great and transformative company. revolutionized things, heck, it's changed my life. and millions of other people, including people who work for uber. it's an important resource and glad to

kalanick was leaving. you lay all these out your report as well with question of all hiring practices, legal troubles, the delete uber campaign. can travis kalanick get the company over it? we should ignore the personal tragedy with his mother dying just before the weekend. james: there's nothing we can listed that isst excusable from the company. there needs to be an about-face immediately. they needed an about-face yesterday. looking at the caliber of the people they are able to attract, the holder report will all be instituted. you have the fall guy. looking at it from mr. travis kalanick's position, if he does take a leave of absence, it is a very difficult to come back. understanding, business remains very solid despite the things going on. if you did leave, it would be very difficult for him to come back because you can make the case that business is just fine without travis. i think he needs to take a look at the mirror and look a do a gut check. vonnie: i want to bring in our reporter eric. will ub

you think kalanick goes back to uber at some point?hat and see whether or not it happens. >> we are all watching. thank you, jeff weiner. such a diplomat, that jeff weiner. >>> award-winning director sofia coppola steps back in history for her new movie. she's in our toyota green room with her civil war-era thriller called "the beguiled." why she hired an etiquette coach for the >>> director and writer sofia coppola went on to win an academy award for her second screenplay, "lost in translation." she continued to make her mark in hollywood on "marie antoinette" and "the bling ring." her new thriller "the beguiled" follows a group of women at an all girls boarding school during the civil war. it starts nicole kidman, doeskin dunst, and elle fanning. what a cast. their sheltered lives are disrupted after they take in an by colin farrell. >> is your leg paining you? >> some. >> well, i hear numbness would be more grave. >> indeed. >> there's some brandy if you wish. >> now, that would be a pleasure. >> it's not being offered for your plea

uber ceo travis kalanick has stepped down from the company.t was after many things including a series of scandals. after more than $15 billion into the company, investors pressured him to step aside, something the board would ultimately not do. joining us from san francisco bloomberg editor at large cory johnson. he is still a member of the board. there are a lot of voting shares. >> it is interesting. this is something that seemed quite unlikely because of the control. we can presume a different class of share as well as a structure. zynga and groupon and alter google. we expect that is probably what is going on in uber. the that reason, travis kalanick was not going to leave until he was ready. but surely, his investors are ready to have him go. look at the rising valuation from uber. it really tells us, it has raised questions about valuations of private companies, when they decide to go public, but they have taken this nothing business started in 2010 at a city $5 billion valuation which is fairly amazing. they have brought in a profession

now at 11 -- breaking news tonight:the new york times is reporting that uber's c-e-o travis kalanick has stepped down. i'm pam moore.(steve) and i'm steve aveson. this report comes after he announced he was stepping away from the san francisco based company indefinately after a string of controverisal incidents.if feburary -- kalanick got into an arguement with a driver who claimed uber's fare reduction forced him into bankruptcy. also earlier this year a female engineer claimed that she was sexually harassed by her boss and senior managers ingnored her complaints.we are awaiting an official response from uber. .. (pam) our other big story tonight:summer officially begins today... and the bay area is already in the midst of a heat wave.(steve) chief meteorologist brittany shipp is here with what to expect for tomorrow. (steve) the hot weather not only making for uncomfortable conditions... but keeping p-g-and-e busy too.(pam) more than 10,000 p-g-e customers were without power throughout the day. the east bay ...was the hardest hit. kron4's j-r stone .. in livermore with the latest.