more importantly, who is investing in lyft?kers include kkr is one of a handful of asset management funds. lyft is tapping a set of investors who have frequently backed public companies or provide funding ahead of an ipo. while the company has kept quiet about its exit plans, they say to go public smart before its competitor, kluber. still with us is our guest host for the hour, roger mcnamee. a man who loves everything around the disruption of transportation. you are a man who has every single app out there for transportation. do you think this is a wise move by lyft to get bigger players in? roger: i make it in a much simpler fashion. i think they need more capital. full disclosure, i am, through a fund i'm invested in, indirectly an investor in lyft. my observation about the category, the category has deep economic issues. for all intents and purposes, it got commoditized before it got near breakeven. they don't own even the cars or have control over the drivers. what has been shown, at least in new york city, is that it is

the accusations against lyft and how lyft is now spanned -- responding. >> taking a look at stocks.he dow is a little more down. it is down by one third of one percent, losing 65 points. nasdaq and s&p slightly on the upside. >>> mike pence continued his tour of asia speaking on the deck of the uss ronald reagan aircraft carrier in japan. >> today over 50,000 u.s. troops and a further 50,000 civilians and family members are stationed here in japan. and the united states will continue to deploy more of our most advanced military assets to the region in the years ahead. >> the vice president also met with the ship's crew and captain. the next stop on the asia crew is indonesia. >>> there will be a runoff election in a historically conservative district in georgia after a democratic candidate came within a couple percentage points yesterday. jon ossoff will face karen handle in june. leaders in both parties agree this is race is seen as a test run for the 2018 mid term elections. >>> bernie sanders is joining forces with the head of the democratic national committee tom perez and visit

>> the lyft driver was interesting because he is new.e just moved here from india and doesn't know what a drag queen is. >> this doesn't happen all the time, but often enough she needed to speak out. she wants lyft to explain to her personally why it happened and put the drivers through a sensitivity training. >> i'm a paying passenger. and they do not have the choice to not pick me up because of how i'm dressed. >> reporter: now she says she would like lyft to add another option that says a driver passes by you so they could be reported. as for lyft they're looking forward to talking to her to get to the bottom of this incident. frank and julie? >> paul chambers in the city tonight. thank you, paul. >>> a new report from the office of california's auditor says the dmv needs to do a better job of screening applicants for disabled parking permits. the report says the state is giving out permits to people who don't provide enough medical information to prove they actually have a disability. they say three out of every four approved applica

paul chambers has the story of the man and how lyft is responding. >> i order my lyft to the event we'reing to. >> reporter: christopher king or tofer is a bay area drag queen that goes by the name of queen dill y-dally. she says when she is dressed like this, they keep going by. but when she is out of character. >> as a guy, the ride is always perfect. i can go out on the street like that in a minute and get my ride. >> reporter: he says it all started a few years ago when he was dressed in character and tried to get a ride from a lyft driver. he says the driver kept going and the company charged him a fee. >> this cancellation was because i was in drag. i'm paying the $2 fee. they say they don't con dole discrimination. that's not what lyft is about. >> reporter: lyft says no one using our service should ever feel discriminated against because of who they are. what is being described by the passenger in this case is inappropriate and against our values as a company and we take that very seriously. we ask anyone facing discrimination of any kind to report those incidents to our critical

but i like investing at $7.5 billion in lyft way better.ine: rather than $65 billion or something uber is at. roger mcnamee sticking with me, cofounder of elevation partners, my guest host this hour. coming up, your phone addiction isn't entirely your fault. we talked to one former google employee who says the engineers in silicon valley are the ones creating the obsession.this is bloomberg. ♪ mark: i'm mark crumpton. you are watching "bloomberg technology." first word news. vladimir putin wants the united nations to investigate the chemical weapons attack in syria. >> we have intelligence from various sources that similar provocations are being prepared in other regions of syria, including southern suburbs of damascus, where they are planning to plant chemicals and blame the syrian government for using them. we believe any displays of this kind deserve to be thoroughly investigated. mark: russia has rejected allegations that its ally, the syrian government, was responsible. more than 100 prospective candidates have signed up so far on the

i love the lyft founders as well.e had had a chance to spend more time with the lyft founders ask they were the founders that had the tragic vision to get it done to make the investment. it was pure ly a pro we just really loved the lyft guys. >> you say that it's an enormous space that's important to get right. how do you define what that space is? it seems a as if just the ride hailing business on its own, that business model doesn't necessarily seem like it's proven. >> i think transportation in general is a huge industry. that's how we look at this. as a transportation industry, for founders, we look at it as an earth transportation business at least. >> finally, we mentioned you coordinated the oculus deal. after watching zuckerberg and his lieutenant this is week show us these goggles and convince us that we're going to be living in these vr worlds with avatars. how much of that is real is ist over five or ten years and how much is being sold? >> ten years it's extremely realistic. i grew up as a gamer and certa

. >> and coming up next some lyft drivers are getting an education on who they can pick up. will be joining them on future rides when we return. game night is our daughter allie's favorite night. and knowing that her favorite general mills big g cereals are gluten-free, like honey nut cheerios, rice chex and lucky charms, she can enjoy it her way. try new very berry cheerios. the taste of real fruit in every bite. so berry good. >>> time now is 4:24. welcome back to mornings on 2. tesla opens trade this morning as the second largest car manufacturer. now $48.7 billion surpassing ford's $45.6 billion. general motors remains at the top of the list. tesla is has excited investors because it's set a company record by delivering more than 25,000 cars in the bin r beginningover the year -- beginning of the year. not all good news for the company, though. auto technology study rank ford and gm first and second and teslaen did not even crack into ultimate driving test. >>> lyft is announcing a collaboration with the blind. a member of the national federation to the blind to who is a

up next, claims of discrimination and how lyft is responding. middle of a storm destiny struck. did may imagine april showers bringing her fashionable, flowers at such a sunny price? never but that's the beauty of a store full of surprises. you never know what you're gonna find, but you know you're gonna love it. >> welcome back to mornings on 2. it is 7:53. a san francisco drag queen accuses lyft drivers of discrimination, saying sometimes they won't pick him up. christopher queen known as queen dillydally in drag says some lyft drivers won't pick him up when he is dressed in drag. he says they pass by, even though she has ordered the ride. sometimes they charge the cancellation fee as well. dillydally says this doesn't happen all the time but often enough that she needs to speak out. she wants lyft to explain to her personally why this happens and also put the drivers through sensitivity training. >> when it comes down to standing in a gown and crown on the sidewalk, it is always different. i can wave them down and they will drive by waving ba

i spoke with a dribber that works for uber and lyft.teran won his appeal after he was unfairly banned and he is back on the road today. >> i feel like they're violating the law trying to knock off as many drivers as possible just to pease their taxi dving friends. reporter: i spoke with an uber representative today who tells me no background check is perfect. you can't predict what a person will or will not do based on the results. they say the new requirement unnecessarily punishes drivers with a past, looking for a second chance but some critics of ride-sharing the results are proof that passengers are at risk because drivers like uber and lyft drivers don't submit to the same requirements as cab drivers. cabbies in boston have to be fingerprinted but uber and lyft drivers do not. david: i had to laugh. i have gotten in the back seat of the cab in new york and you look at the guy's picture, you get a little nervous. i don't know, drivers in taxis in new york, not necessarily better than uber drivers, but who knows. i'm glad they're do

also some lyft drivers getting some education on who they can pick up when we return. who will be joining them out there on future rides. keep on going, america. keep on giggling... and goofing. keep on grooving... and togethering. with scott 1000's long-lasting roll, we'll keep on going, too. scott 1000. america's longest lasting roll. >>> the department of homeland security has announced steps to prevent h 1b. a number of tech companies are eli on the program but now homeland security says it plans to investigate and prosecute employers that overlook qualified american workers for those jobs. >>> tesla opens trading this morning as the second largest american car manufacturer by market value. the bay area electric car maker is now at $48.7 billion surpassing ford's $45.6 billion. general motors remains in first at more than $51 billion in value. by delivering more than 25 cars in the first quarter of the year tesla's stock jumped 7% yesterday to more than $298 a share. but it's not all good news for the company. an auto technology study ranked ford and gm first and s

ago one the small dproeshz were put out of business by wal-mart and the taxi drivers and uber and lyft are selling their rides $1.15 plus and taxis are 275 and it is predatory rating and this is anti trust violation what is curious about the situation artificial that mathematics the unstability of the tmc the venture capital alone in saudi arabia have given uber 5 thousand dollars and it is 2350u7b8d to the uber drivers in the full-time drivers to get $500 a week to afford to pay a one a dollar a mile to stay in business there are things i understand that the jurisdiction is with the state public works to define the number of tmcs but there are things you can do steps to enforce the law for example, if someone runs a stop sign it didn't matter the pa police can give a ticket and emergency vehicle requires commercial plates for anyone driving if you enforce this is did you see the hammer and the uber with a private plat no longer with the participation by the drivers in the predatory pricing model if the people having to pay the $600 a month uber will raise the prices i hope you'll uses

what we are learning about the information it collected from its rival, lyft. its rival, lyft. >>> and then >>> "abc7 mornings," all news, all morning. >> this is where you can find almost $25,000 in loose chain. san francisco international airport. it ranks seventh nationwide what people leave behind at tsa checkpoints. jfk was one. $900,000 in loose change left behind in all. >>> a new public service ad put out by b.a.r.t. is not getting the warmest of receptions by riders. it's called avoiding creeps 101. this poster is victim blaming. and katie marzullo explains the mixed reaction to the campaig. >> i am always looking at my environment. >> reporter: sandra appreciates b.a.r.t. offering these reminders, don't sit by yourself and don't get distracted and don't ignore your instincts and other riders are onboard. >> i have two sisters and i am worried for them when they are traveling. >> more for people that don't ride it at all but i usually abide by those myself. >> reporter: not everybody appreciates the advice. riders lashed out on social media asking wher

big companies like "salesforce" and lyft but also local businesses like honeycomb, a salon in noe valley and wine down a bar on folsom street are participating in this day as well so this is all part of the 20% counts campaign. that's trying to make people aware of the pay gap that exists between men and women. today, businesses across the country will be offering 20% discounts. we spoke to one bay area business owner who admittedly hadn't heard of "equal pay day" until this year but she also hadn't heard of international women's day. and now she is hoping both become traditions. >> get to do the women's walk in january and that was really my first, like, protest walk so i think the younger generation will see that as a hallmark and carry on. >> reporter: on average, women in the united states are paid 20% less than men according to data collected by leanin.org. black women are paid 37% less than men. hispanic women are paid 46% less than men. so in california the data showed that women are paid 14% less than men so better than the national average. 300 businesses will participate in "eq

. >> paul chambers has more on the man's story and how lyft is responding. >> and. >> reporter: he isy area drag queen and goes by the name queen dilly dally. when dressed like this, lyft drivers pass by, even though she ordered the ride. >> when it comes to the crown and down on the sidewalk, it's different. i can wave them down and back on me. >> reporter: when she's out of character? >> as a guy, the ride is perfect. i can go on the street like and and -- in a minute. >> reporter: it started a few years ago when he was dressed in character and tried to get a ride from a lyft driver. the driver kept going and the company charged him a fee. >> and this is because i was in drag. they don't condone discrimination and this is what it's about. >> and also released the statement saying no one using our service should ever feel discriminateed against because of who they are and what is described in this case is completely inappropriate and gets our value to other company and key take that seriously. we ask anyone asking -- to report the incidents to the critical response line to be properl

ago one the small dproeshz were put out of business by wal-mart and the taxi drivers and uber and lyft are selling their rides $1.15 plus and taxis are 275 and it is predatory rating and this is anti trust violation what is curious about the situation artificial that mathematics the unstability of the tmc the venture capital alone in saudi arabia have given uber 5 thousand dollars and it is 2350u7b8d to the uber drivers in the full-time drivers to get $500 a week to afford to pay a one a dollar a mile to stay in business there are things i understand that the jurisdiction is with the state public works to define the number of tmcs but there are things you can do steps to enforce the law for example, if someone runs a stop sign it didn't matter the pa police can give a ticket and emergency vehicle requires commercial plates for anyone driving if you enforce this is did you see the hammer and the uber with a private plat no longer with the participation by the drivers in the predatory pricing model if the people having to pay the $600 a month uber will raise the prices i hope you'll uses

caroline: we will see how lyft responds. kirkpatrick has responded already, techonomy ceo and guest host for the hour. thank you so much. more from our exclusive and wide-ranging interview coming up -- wide-ranging interview with lisa jackson coming up. this is bloomberg. ♪ caroline: more on our top story. apple announcing three of its suppliers are committed to using only solar energy. apple is pushing towards its goal for all facilities to be 100% renewable. in an exclusive interview, david gura spoke to lisa jackson. he asked her where apple stands now with their goal. lisa: we are announcing very soon that we are at 96% renewable worldwide, and we are at 100% renewable in the united states and 23 other countries. so, we are feeling pretty good. 96%, a lot of people would say made itop, but tim cook really clear we are not going to stop until we are 100% renewable everywhere. i think the really cool part of that is we look at our carbon footprint as so much more than just our offices, data centers, stores, even distributi

they created fake accounts at lyft and pick up on location and availability of lyft drivers.t? wanted to see prices lyft was offering customers. and see if their own uber drivers were working for lyft. zooms like good idea. we do this secretly. it is violating civil laws, breach of contracts, trade secrets and computer fraud and abuse act. you got to wonder about a 6billion dollar valuation for uber -- 68 billion. charles: i have 10 bucks the next software will be called purgatory. >>> u.s. military dropping the "mother of all bombs" on terrorists in afghanistan. this by the way the biggest non-nuclear weapon used in combat. pete hegseth is with us. fox news contributor. i have heard people say this isn't a bad thing. all the military guys, intelligence guys, diplomats and all the folks associated with the military think this is great, great move and it was overdue. >> of course. we've been howling to unleash the hundred of war for years. there have been political considerations, rules of engagement, decisions made by 30-year-olds in the white house that should be made by exp

lyft drivers must allow blind riders to bring service dogs in the car.hose that don't comply will face immediate and permanent deactivation from the platform. >>> concord police looking for a suspect in the case of multiple slashed tires. coming up, the surveillance video that neighbors hope can hold a key to solving crimes. >>> social media and law enforcement. next we will talk live with a member of the bay area police department that is becoming a model for a new way of policing. when i feel my best, i am my best. that's why i'm taking the activia probiotic two week challenge and adding activia yogurt with billions of its exclusive probiotic to my healthy routine. take the activia probiotic two week challenge with me. it works or it's free. ♪ sweet cinnamon-sugar on the outside, crazy on the inside. crave those crazy squares. ♪ sweet cinnamon-sugar on the outside, crazy on the inside. crave those crazy squares. >> right now the conference is underway in long beach. a leading law enforcement training conference devoted to social media and the internet.

we also see a lot of money going china such asfrom lyft and snap.tionship would you like to see? hans: a situation of stability. what china is looking for is something that is nonconfrontational, no conflict, more mutual respect and collaboration, a win-win between the u.s. and china. issues,e deficit and china is interested to work out a method with president trump to solve this issue. none of those will go away, but having stability serves everyone interests. caroline: having stability with the u.s. will help. what do you think about the future, can they build in the u.s., these small entrepreneurs selling into china? one great is the thing. buying more imports will help with trade deficits. it is roughly $350 billion last year. by february, the gap has narrowed tremendously. over the next few years, you will see more imports from the u.s. going to china, enabling us to do better in china. china has a consumption upgrade. millennial's becoming more globalized interviews, and taste , and in the way they consume. way for alibaba to take advantage of

>> some are designated for uber and lyft, some say they're taking up spots meant for paying customers >> i didn't know that now i know. thank you. >> somebody should be out here policing that the uber and lyft drivers don't sit idling. >> the one driver suggested the creation of a cell phone waiting lot for ride sharing drivers. >> run forest run, this is not tom hanks, a runner is taking a movie inspired trek through philadelphia and the nation, rob hope is running across america to raise awareness for environmental conservation. the emergency veterinarian is recreating the run done by forest gum's. as it turns out no one completed the journey.p. as it turns out no one completed the journey. >> i was basically thinking how it raises awareness share the world's wildlife >> he wanted to tackle the art museum but it got in the way. so he'll have to come back >> it's going to be a perfect weekend. >> i like that you never know what you're i'm going to get. >> i hope i do. we have warmth for the easter holiday. temperatures warming up for easter since 2011. temperatures a little cool. 52

lyft worked on the idea with the national federation of the blind. the move. >> lyft will make every effort to provide the services that we need. we look forward to providing constructive feedback to lyft under the agreement going forward. >> reporter: and this says drivers who don't comply with their new policy may face immediate and permanent deactivation from the platform. >> the yosemite national park has launched a new website to allow users to track the movement of the black bears. they're home to between 300 to 700 american black bears. this new sight is called keep bears wild aimed at educating visitors about the bears habit. and the bear trackers show the location of the bears in the park that are wearing gps monitors. the data is not in real time to protect their location. you can help the animals by driving slowly, storing food, and in their lockers, also keeping a safe distance. >>> the school administrator is accused of contact on a student that left them traumatized -- on traumatizing a teenager. why his family believes he was targeted.

end lyft is not selected so now of judge gorsuch and other conservative who is not legally allowed to tell us how he feels but we can alter his actions on the court of appeals. we can tell how he feels and our committee especially black people in police fatality. -- brutality. is this time of four story time. this is out he feels about black people or how police should be interacting with our communities. one takes places in colorado a 22 year-old young man had marijuana a police officer confronted and the young man ran that police officer chased them and grabbed 10 taste them in their dead end killed him on-the-spot judge portion h. decided to protect the of police officer said he did not know it was unconstitutional to kill somebody by taking them in the head -- using the taser on the head. the next child was 67 pounds and a police research officer came in to grab the child to put them in the armlocks and handcuffed him in school. neil gorsuch decided to protect the police officer instead of the child to say what the child's fault the police officer used excessive force this is how

. ♪ caroline: the ride hailing company lyft is worth $7.5 caroline: the ride hailing company lyft ision after a new round of financing, up from $5.5 billion, and more important is who is investing. new backers include kkr and a handful of asset managing firms. lyft is tapping investors who frequently back public companies or provide funding ahead of an ipo. while the company has kept quiet about its exit plans, investors have long speculated it would be smart to go public before uber. tesla hit a new milestone after surpassing general motors to become america's most viable auto company. take a look inside my bloomberg and see where tesla pushed past the competition, #7410, the white line is the increasing ascent of tesla. for more, we spoke with bloomberg's detroit bureau chief. >> tesla has more debt. this is more of a symbolic moment where tesla has crossed the line of being more valuable than gm and ford. you have to look at why. investors see tesla as this possible dominator of electric cars, maybe electric storage. they have a lot of businesses with potential. it is a long-term

one person died in november when a fork lyft tipped over crushing him. >>> investigators waiting forhe results of an autopsy to help understand what lead to a berkeley student's fall? he fell onto the sidewalk on college avenue early sunday morning. cal released a statement saying the campus community is deeply saddened by the student studying computer science. our thoughts and prayers go out to kimberly's family and friends during this difficult time. >>> the city of oakland donated two golden warriors playoff tickets to auction off for a fire. behind the effort to donate a pair of tickets to the city's private sweet at oracle arena for wednesday's game against the portland trail blazers. the city received numerous complaints from those impacted by the deadly fire claiming they have not done enough to help. >> the response from the administration has been much less than after go ship and serious concerns people from the san pablo fire still haven't been able to get their lives back together. >> reporter: kaplan encourages people to continue donateding. check it out on our >> leaving

>> some are designated for uber and lyft, some say they're taking up spots meant for paying customers >> i didn't know that now i know. thank you. >> somebody should be out here policing that the uber and lyft drivers don't sit idling. >> the one driver suggested the creation of a cell phone waiting lot for ride sharing drivers. >> run forest run, this is not tom hanks, a runner is taking a movie inspired trek through philadelphia and the nation, rob hope is running across america to raise awareness for environmental conservation. the emergency veterinarian is recreating the run done by forest gum's. as it turns out no one completed the journey.p. as it turns out no one completed the journey. >> i was basically thinking how it raises awareness share the world's wildlife >> he wanted to tackle the art museum but it got in the way. so he'll have to come back >> it's going to be a perfect weekend. >> i like that you never know what you're i'm going to get. >> i hope i do. we have warmth for the easter holiday. temperatures warming up for easter since 2011. temperatures a little cool. 52

taxis are becoming less popular with the likes of uber and lyft, and many drivers say the cost of the coveted medallion is ruining their bottom line. right now, the renewal fee is over $1,000. >> right now, regulating drones is high on the list of things to do for the richmond city council. tonight, members are considering regulation for the unmanned flying objects. >> 4:51. coming up, we investigate. >>> it was one of the worst experiences of my life. >> a school teacher wrongfully kicked out of her home. coming up, we'll tell you how our six month investigation into evictions in san francisco is now leading to some major potential changes for renters and landlords citywide. >> all right, but first, happening now, an escort convicted of involuntary manslaughter in connection with a heroin overdose of a google executive has been detained by i.c.e. you probably remember the case. alix tichelman was released after sending half of a five-year prison sentence. immediately turned over to federal authorities. she holds dual citizenship in the united states and canada. >> plus, bids for pres

. >>> the ride shaer lyft is reaching out to the disabled. lyft says it's announcing a collaboration with the national federation of the blind. it wants to make trips convenient and affordable for rider who is are blind and use service animals to get around. a 911 survivor praised the move. >> this will make every effort to provide the services we need and we look forward to providing feedback. >> lyft drivers must allow blind riders to bring their service dog inside the vehicle. the drivers who don't comply. >>> over the next ten days the postal service will add a special feature to customers across the country that's currently available in a few cities including san francisco. it allows users to get a glimpse of their mail. they will receive in their mail black and white pictures of the front of the letters that are actually being delivered to them that day. this allows people to know what letters are coming. you can register by going to the web link section of our website ktvu.com. >>> say so long to yahoo. when verizon's $4.8 billion deal

issues with uber and lyft have risen to the top complaint from members. i especially hear every week or day about the many ways the tnc compromise the safety of people walking and biking. a few things as see agdriver pulling in a busy bike lane and seeing a uber or lyft sticker while biking. you have it support of 10 thousand plus members to regulate tnc and believe data collection is the first step. troubles showing lyft and uber add 45 thousand more car tooz the streets. we need afford ways to get around. if we get to zero we need to prioritize biking walking to get around the city. look forwardwork wg the commissioners to work locally and get the taenz of the state legislators. wlaurfb the resolution we are in strong belief the impact needs to effect companies them sevl jz not individual drivers. thank you. >> thank you. any other public comment on this item? >> hi again. just wanted to express walk sf strong support for the resolution. thank you commissioner peskin pushing this forward. we know the more vehicles on the streets the more dangerous it is

the first such law applied to companies like youtubeer and lyft. they say it violates anti-trust and labor law, seattle lawyers say the law will make the industry safer. uber and lyft are members of the chamber. >>> amazon shares closed at their fifth straight record high. they helped fume the gains today. stocks above $900. but amazon, which is the king of online retailing is doing something kwurious. it's moving into brick and mortar retail, the very thing it disrupted. we have more from seattle. >> it was once an area dominated be i the likes of borders and barnes and noble, until amazon showed up. now barnes and noble is struggling and borders is gone. but then something strange happened. amazon is trying to reinvent the very thing it disrupted. brick and mortar retail. amazon books was the first company's physical store. it opened less than two years ago, this year physical book stores are expected to be in 11 locations throughout the country. on the surface, it looks like your typical book store, with title gadgets like amazon's kinds him and

feminist authors and had panel discussions on women's issues in addition, local ride sharing company lyft gave 20 percent of it's revenue to women's charities - research shows that women make 80 cents to the dollar compared with men - a 20 percent gap. many women took to twitter to address the inequality as well. don't put the umbrella away just yet...spring showers are in store for the bay area. ((grant))meteorologist brittney shipp is back to tell us when the rain will return. dry and dry and seasonably mild conditions will continue across the region into tomorrow as high pressure builds in. unsettled conditions return late in the week with locally heavy rainfall and strong winds possible from thursday night into friday morning as a strong frontal system pushes inland. unsettled conditions potentially persist into the upcoming weekend. april showers ♪ it was shaping up to be a most miserable day. ♪ but then, destiny struck. did may imagine april showers bringing her fashionable, flowers at such a sunny price? never but that's the beauty of a store full of surprises. you never know what

. >> reporter: more lynn says uber and lyft drivers clogged traffic and hogged the unlimited parking spaces by idling in search of passengers >> it is really frustrating. >> to some extent they are allowed to said one uber black driver who did not want to be identified. >> that is why kid over there said locate here, and these are it. uber takes a commission from all of our fares, which, a percentage of that goes to that parking spot that we are able to park at. >> reporter: that is why uber drivers tell me that some spots were specifically designated for them sometime last year, the frustrated commuters tell me that some of those drivers from ride sharing services are taking up spots meant for paying customers. >> somebody should be out here policing that the uber drivers and lyft drivers don't sit in those spots. that is my beef with it. >> reporter: even uber driver we spoke with said he sees fellow ride share drivers breaking the rules. >> all day, every day. >> reporter: we confronted one of them who park in the short term space instead of the outer lane marked off for uber >> i

lyft raises more money pushing its valuation to 7$7.5 billion. it's wednesday, april 12, 2017. "worldwide exchange" begins right now. ♪ >>> good mornings. warm welcome to "worldwide exchange" on cnbc. i'm wilfred frost. >> i'm seema mody. good morning to you. >> great to have you with us. let's get straight to the global market action. >> a lot of news to break down. u.s. futures are pointing to a higher open, this after stocks did close lower in yesterday's trade. geopolitical worries casting a shadow over stocks. we did see bonds rally. the cbo volatility index hitting the highest level since november, that's before the election. as you can see, dow jones up about 25 points. nasdaq indicating a higher open by. bo 8. yields picking tier yesterday, off slightly, just off 2.3%, yielding 2.29. >> i think the big takeaway this week is twe could expected biggr declines in the market, we didn't get it, so resilience. >>> some data out of asia. china's consumer's prices rose 0.9%, slightly below forecast. the producer price index rose 0.3%, month over month. in general, all of that d

perhaps more important is who is investing in lyft.nclude kkr, managers, and a canadian consent --pension firm. they typically provide funding ahead of an ipo. investors have long speculated lyft would be smart to go public before its much larger competitor, uber. tesla hit a new milestone this week after surpassed general motors to become america's most valuable auto company. take a look inside my bloomberg. you can see when tesla pushed past the competition. the white line being the creeping asset of tesla now worth $49 billion. it just went past g.m. and ford. for more, we spoke with david welch. has more debt that as to the value. this is more of a symbolic moment where tesla has crossed the line of being more valuable than g.m. and ford. you really have to look at why. investors are seeing tesla is this possible future dominator of electric cars, may be a leader in autonomous vehicles and electric storage. they have a lot of businesses with potential. it is a long-term play. with general motors and ford, the problem may have his s

and he is from lyft and johns by john swartz of usa today and jp mangalindan of yahoo finance. even though it was fabulous steak, why oven. and you invent something and you say ovens? >> my co-founder and i loved cooking, we spent a lot of time in technology. and this was the first camera on the phoiphone and i spent time what is now lyft and for us it was about how to build the best oven from scratch that will competet ber than the $5,000 built in unit wall oven and take in everything we love in the technology. >> and i'll get to how good it is. but i presume you knew nothing about ovens. >> we knew nothing about ovens. >> how do you teach yourself about ovens. >> that was a competitive advantage and so for us we didn't say things have to be done this way, we were able to build the best convection heating and we have the most even cooking, more than the $5,000 built-in ovens and because we didn't have that legacy knowledge, we were able to start with a fresh perspective. >> a couple of years ago i went up to microsoft and they have that automated home where you go through a ho

. >> how lawsuit accuses uber of tracking lyft drivers, that's in this morning's money watch report. we'll be right bac ♪ sweet cinnamon-sugar on the outside, crazy on the inside. crave those crazy squares. ♪ sweet cinnamon-sugar on the outside, crazy on the inside. crave those crazy squares. >> roxanna more bad news for uber, another lawsuit? >> that's right. in a complaint filed monday, drivers working for both uber and its rival lyft accused uber of using secret software program to spy on them. the complaint says the goal was to identify who drove from both companies, so they could be targeted incentives to work mostly for uber. >> so roxanna amazon offering something new. tell us about it. >> yes. the company is expanding its subscription service by launching a digital subscription marketplace. it is called subscribe with amazon. so, one stop shop for your on line newspaper subscriptions, meal planning services, on line streaming sites, and more. joe, rahel? >> how about it? amazon does it again. >> i was just gig to say what will they think of next? >> right? you can imagine and

lyft has raised about 500 million dollars in a new round of funding..ng the san francisco startup at 7-point-5 billion dollars.. according to a person familiar with the investment: because the investments have not been announced publicly they are still searching for funding. facebook is trying to help you spot 'fake news on its site.. by adding a notification that pops up every few days.. when you click it - it takes you to tips and other tools on how to spot misleading information.. the guidelines include: looking closely at website addresses to see if they are trying to spoof real news sites.. and checking websites' about sections for more information.. ( toss to weather) and for weather any time.... be sure t ur cbs s-f >>> some real weather for you. we are seeing showers. real rain on high deaf doppler. a closer look at the showers on shore. a closer look at the north bay. we'll look at the southern tip to offer the north bay peninsula. you can see it looks like we might see a rain/snow mix. for the most part light to nod at the showers depending on

. >>> lyft has raised about $500 million in a new round of funding valuing the san francisco startupt $7.5 billion. according to a person familiar with the investment, because the investments haven't been announced publicly, they are still searching for funding. >>> and i'm dennis o'donnell. coming up, 40-mile-an-hour winds were nothing for a 40- year-old golfer in round one of the master's. and the giants start her nine strikeouts last night. it was the other ones that got him in trouble. ,, >>> good morning, everyone. the world's number one player is out of the masters and the leader was ten strokes better than the field average. dustin johnson withdrew before his tee time because of a back injury he had in a fall two days ago. with johnson out, jordan spieth became the new betting favorite. but on 15 his shot rolled into the creek leading to a quadruple bogey, nine. spieth is three over tired for 41st. the high winds at augusta did not affect charley hoffman. sticking his approach on 17, setting up his fourth straight birdie. hoffman cards his 7-under 65 and leads the field by 4 s

there is a growing trend of people using "uber" or "lyft", instead of calling an ambulance.ealth officials are saying that's not a good idea. craig herrera explains why you should call 9-1-1 not a ride-share. natsot ambulance having a medical emergency?dial 9-1-1, or call a ride share?celianne aquino, ride share passenger: "if it's fast enough, yeah, but i would rather get someone right away"there's a growing trend, some people are turning to ride share apps to get to the emergency room. patrick damata, ride share driver:"i don't know - if it'll save a life, yeah" some riders think its better because they can pick the hospital. but emergency medical experts say it could backfire because hospitals don't all provide the same kind of care.dr. marc eckstein, medical director, los angeles fire:"if you go to the wrong hospital because of self transport or uber or lift - that hospital will then call 911"and you'd l likely be put in an ambulance anyway and taken to another hospital that can help your specific medical needs. dr. marc eckstein, medical director, los angeles fire:"and

. >>> lyft drivers swarming san francisco. new hub that is causing big headaches for people in one particular neighborhood. >> today marks 18 years since the columbine high school shooting in littleton, colorado. two students went on a shooting ram package and killed 13 people. 12 students and one teacher. 21 other people were wounded before the two teen shooters shot and killed themselves. authorities found more than 100 explosives at the scene. the attack remains the worst high school shooting in u.s. history. >>> a man accused of killing three people on tuesday at a shooting ram package in fresno may have his first court appearance tomorrow. mohammed is accused of shooting and killing three men in a racially motivated attack. the three men were killed. mohammed is also accused of killing a security guard at a motel last week. police say he targeted the victims because they were white. police say mohammed has a criminal history and a history of mental illness. >> he stayed in a ravine friday through sunday where he practiced

cabbies in boston have to be fingerprinted but uber and lyft drivers don't.to uber representative, no background check is perfect and you can't predict what a person will or will not do based on results. neil? neil: thank you very much, hillary vaughn. you probably know that wwe hall-of-famer, booker t. on, well, his past. he is one of the most celebrated wrestlers in history. 2006 king of the ring tournament. he wrestled stone cold steve austin, john cena, triple h. but he is most known for coming up with the term sucka. think of that. i wonder if he gets paid for every time that's said. he's next. fund objectives, risks, charges and expenses in the prospectus at thriventfunds.com. don't let dust and allergens and life's beautiful moments. flonase allergy relief delivers more complete relief. flonase helps block 6 key inflammatory substances that cause all your symptoms, including nasal congestion and itchy, watery eyes. flonase is an allergy nasal spray that works even beyond the nose. so you can enjoy every beautiful moment to the fullest. flonase. 6>1 cha

issues with uber and lyft have risen to the top complaint from members. i especially hear every week or day about the many ways the tnc compromise the safety of people walking and biking. a few things as see agdriver pulling in a busy bike lane and seeing a uber or lyft sticker while biking. you have it support of 10 thousand plus members to regulate tnc and believe data collection is the first step. troubles showing lyft and uber add 45 thousand more car tooz the streets. we need afford ways to get around. if we get to zero we need to prioritize biking walking to get around the city. look forwardwork wg the commissioners to work locally and get the taenz of the state legislators. wlaurfb the resolution we are in strong belief the impact needs to effect companies them sevl jz not individual drivers. thank you. >> thank you. any other public comment on this item? >> hi again. just wanted to express walk sf strong support for the resolution. thank you commissioner peskin pushing this forward. we know the more vehicles on the streets the more dangerous it is

who is investing in lyft. a handful of asset management funds and a canadian fund.investors that frequently back public companies provide funding ahead of an ipo. quiete company has kept about its exit plans, investors speculated that lyft would be smart to go public before its larger competitor, uber. tesla surpassed general motors to become america's most valuable auto company. in my bloomberg you can see when tesla pushed past the competition. the white line is the creeping ascent of tesla, worth $49 billion, just tipping past gm in the yellow, and well past forward in the turquoise -- ford in the turquoise. depth thats more adds to their value. this is more of a symbolic moment where tesla crossed the line of being more valuable than gm and ford. as ators are seeing tesla dominator of electric cars, maybe a leader in automated cars. it has potential. that is what people are playing for. autoal motors and ford, sales are trending down. not by a lot. both will make a lot of money. investors see this as the best is behind us, maybe we will put our money somewhere e

it would apply to other ride-hailing services like "lyft" too. if they add tipping in new york city- it's more likely the feature would expand to other markets as well. today is tax day -- and you can cash-in with tax day freebies. you can get free cinnabon-bites at selected cinnabon stores. hooters is offering free food for kids twelve and younger with the purchase of an regular meal at hooters. dunkin donuts has "treat yo' self" tax day freebies. mcdonalds has a variety of free things as well -- depending on the location. and at firehouse subs you can get a free medium sub when you buy a medium or large sub, chips and a drink. enjoy your freebies! he's being called the easter grinch! a fox nearly ruined a special easter egg hunt in fairfax county! a vienna man- put out easter eggs for a holiday hunt- only to find they were swiped- by that four-legged thief. as jay korff shows us- it was all caught on camera. at xx time for weather. - roller coaster temperatures the next few days - isolated shower chances tomorrow through friday - cooler weekend