let's get some business news, kate moody is in the studio. t's talk about a company that has revolutionized the way we all travel, uber. the company ceo is stepping down. kate: just a week after saying he would take a leave of absence, he has stepped away from the ridesharing app that he founded back in 2009. shareholder pressure had continued to grow in the wake of investigations into sexual harassment and aggressive culture at the company. a number of top executives have left or been fired in the last year. i spoke with a chief executive of kawasaki in california and asked whether he thought the resignation was inevitable. uber.s great news for the leave of absence with some sort of committee running the company was really just an attempt to maintain control of the company, but clearly shareholders were not going to deal with that. i think it was a smart move for him to resign. >> a lot of the controversy has been focused on the allegations of sexual harassed and a sexist, rather macho work culture. can uber change that environment? absolute

kate moody is with us in the studio.starting in washington, the central bank has finally announced it will start raising interest rates. the: that's right, for third time in about seven months. the second time in 2017. the target rate has been lifted by another .25%. overall the u.s. labor market is stronger and the central bank still on pace to continue gradual rate change. some say the data show signs of underlying weakness. andil sales slumped 3% inflation is fated slightly. fed chief janet yellen acknowledged banks have not stabilized at the 2% target. ratesid the interest would continue gradually rising toward a so-called neutral level but that would remain lower than of that preceding the financial crisis. take a listen. >> we continue to expect that the ongoing strength of the economy will warn gradual increases in the federal funds rate to sustain a healthy labor market and stabilize inflation around our 2% longer run objective. that's based on our view that the federal funds rate remains somewhat below its neutr

kate moody is at the airport covering the events. one of the highlights? kate: >> -- >> what a highlights of the show? can you hear me? yes, we've got planes and helicopters and rockets and still more planes here at the air show. we are just a few miles north of the capital. industry areof the racing to the lip many orders. last year, airbus came out on top. 2017,halfway through boeing is in the lead. both companies are unveiling new versions of their popular planes. they will be announcing more orders as the week goes on. they are far from the only players in the field. chineseveils the first built passenger jet. that came out earlier this year. beijing and moscow have a new partnership and they are trying to break into the market. mitsubishi is debuting a new model here. all of those manufacturers are battling against a declining market. the air show is a platform for new novation. we've got everything rum fuel-efficient engines to the most luxurious cabin interiors. they unveiled a business-class suite earlier on, hoping that high luxury will attract cus

. >> kate moody is with us.is one related to an alleged conflict of interest. >> maryland and washington dc have filed a lawsuit claiming the present is excepting payments from foreign itsrnments the a it's it -- business empire and the trump hotel which opened last year a few blocks away from the white house. they are asking the president to release his personal financial information, including tax returns. he has faced significant criticism for not completely cutting ties with offices but putting his estate into a blind trust managed by his sons. say notrney general's only to trump's business is posed an unfair advantage to local hotels and restaurants, they may be breaking the law and violating the constitution's anticorruption clauses. we know foreign governments are spending money there in order to curry favor with the president of the united states. example, the kingdom of saudi arabia, whose government has important business and policy before the president of the united states has already hundreds of thou

i am joined on set by kate moody. the macro and administration -- and the macron administer asian pushing ahead -- administration is pushing ahead on a key policy. hashe administration described it as essential and urgent, hoping to connect these labor reforms before midsummer. they are making changes to the labor code. it has proved notoriously difficult as unions quickly launch strike action to block any such changes. >> in using a presidential decree to make changes to the labor laws, a man w -- emmanuel macron is keeping a campaign promise. with hiring and firing is seen as a deterrent to investors, the president has said making change is a priority of his government. they are likely to bring huge strikes in france. it happened when the former administration tried to push through this law last year, leading to violent street protests with the unions. opponents say that macron's plans are more radical. the new prime ministers says he is prepared to hold talks for the unions over the months ahead. >> i have heard fr

time now for business with kate moody. you are starting with what sounds like a bargain, a major takeover in the banking world. sold by gonder has popular for just one euro. it was declared likely to fail and quickly organize the sale of the embattled lender. it was set with toxic debt left over from the spanish real estate bubble and it's the first test of the new bailout regime that was set up after the eurozone crisis. santander has announces planning on raising 7 billion euros in capital. trading was suspended and analysts say it will help insulate consumers from the fallout. quick stats say the most important debt, the mortgage portfolios and the depositors. the depositor is not going to notice anything. >> what may happen is that with time, santander sees the doubling up of its branches and in principle, the deposits are not going to be affected. the investment funds won't be in affected because they are not on the balance sheet. the organization for economic cooperation and development has published its latest econo

kate moody is with us in the studio. illygoing to talk about because the government has averted what could be a serious banking crisis. kate: what it is not without controversy. says it hadernment -- the italian government says it had a rescue plan days after the eurozone warned it could collapse. banking shares soared after the deal was announced on sunday, but some analysts question if the deal might undermine eu regulations set up to protect taxpayers from supporting the banking industry. reporter: it is the deal that could cost the italian state billions. in the nation's biggest retail bank, they will take on the members. 2 failing backed up by 5.2 billion euros from state coffers, and a further 12 billion euros in guarantees to shield it from unexpected loss, it is a decision that divided public opinion. what is too soon to know will happepe way. the failure of a bank affects citizens and companies. >> we will and of paying for everything. citizens always pay. no one ever gets that. reporter: the european commission