i like what lyft has been doing. like the play of it, and selling the automatous driving which was sub scale and trying to slim down the balance sheet is in decent shape i don't own it it is not the craziest valuation. i do believe they will get to ebitad, break even, and we'll see how it accelerates from there can i would you rather myself. >> you may do it, karen. >> thank you, appreciate that. >> tim seymour, karen makes a good point in terms of single down on ridesharing if you like that trade you got to like lyft, do you like that trade? >> i like lyft i like uber more speaking of likes, as steve said, doing would you rather, i was thinking melissa doesn't like when you do that. >> thank you. >> you just did it you did it too. >> you just did it, yeah >> everybody do what they want tonight, all right, it's up for grabs on "fast money" play whatever game you want i will sit here and smile and read the tease. go ahead. >> well, i was a little creative in my doing it bottom line here, the investment that uber has m

we have a hold rating on lyft.ity here we think mobility will come back in a similar market structure so that means a 70/30 split between uber and lyft. we're bullish on the potential for this uber pass or super app as they call it. they have a buy versus build strategy in delivery, and so we think that to uber eats adding alcohol, adding convenience they announced today partnering with go pub we certainly think is interesting and grocery as well with corner shop we're bullish on them to become the amazon prime of anything that has an expiration date you need within an hour or need from a local vendor. >> bernie, thank you very much for joining us on lyft shares up 2.6% after hours. >>> i want to bring you some headlines from the treasury secretary janet yellen this time she's speaking at a wall street journal ceo conference and it appears she's walking back a little bit what she said earlier at the atlantic conference which was front and center for investors today saying that she thinks that we might have to see h

lyft reports earnings tuesday.sday this week lyft is outperforming by nearly year to date should investors hitch a ride with uber? let's ask the trading nation team today katie and ari. katie, who did you pick? >> i goe with uber and not because i lover the set back they both have weak profiles and seem to be a bit top pi of late so i'm not very keen to add exposure to either ahead of earnings comparing the two i would say that the underperformance by uber positions it better noting also that the 200-day moving average is less than then about 24% below for lyft so that creates some downside risk in the e vechbt that earnings disappoint. >> that's an interest word of caution on both but speaking with uber i see what you're saying there ari, whatabout you which one do you want exposure to >> i'm going to showcase uber but this isn't a call to earnings i agree with katie they stalled out here but i think the long-term set yuch is bull uber out six months. that breakout point of $46 very often prior resistance becomes

lyft and uber especially does that run into hurdles given the broader market action right now?> it does i think there's a little less of a willingness to buy the story. absence of retail trader energy an element, too, with a lot of these households names dash a great beneficiary of retail traders once it debuted a lot is also in the mix naturally, the perceived policy risks of businesses are not helping either to me it's across the board. i mean, you know, one way to think about it is, last year tech could do no wrong up into the summer, because the big scarce thing in the world was growth they had growth. the scarce stuff in the world right now is real stuff. growth is not scarce overall s&p will have 30% earnings growth this year. yeah, cute google will have 20% whatever it is not exceptional this year compared to next two-year span, nasdaq 100 even after the pullback outperformed the s&p by 30 percentage points. still a premium that can erode in big tech relative to the rest of the market. >> overall where are we? the s&p overall back to where we were a couple wyche weeks ag

lider for d lyft tonight. and all electric mandate, so who foots the bill for that? >>> how the sounds of the bay could be deadly. >> what you say to somebody who says who cares,? >>> join us this sunday for our special presentation, crime and punishment in san francisco. what we found about the trends and the shift in targets. >>> we asked the district attorney if the city is toug >>> california is officially the first day in the nation to require most uber and lyft drivers to transition to electric vehicles over the next decade. this date resources board approved the new rules today, that means 90% of all ride hailing miles must take place in electric vehicles by 20 30. however, it is still unclear about who will foot the bill. uber and lyft drivers either lease or own their individual cars. >>> noise pollution can be a nuisance on land. but now, researchers are trying to figure out it's impact underwater on wales. researchers are using cutting- edge technology to track underwater sounds from ferries, fishing boats and recreational craft. in recent months the bay a

lyft does not have that business i prefer uber to lyft.g to be a much higher share price. >> uber up 3% now as the numbers cross. we will have them in just a moment while we wait for them, mike santoli, energy great week in fact, i have got some numbers, we are going to get to them cema has booking holding first. >> a smaller than expected lost for the first quarter. revenue roughly in line with expectations at $1.14 billion. a quote here from the ceo glenn fogle about future demand. he says we saw encouraging signs of improving booking trends in the first quarter. that continued into april with notable strength in the u.s. while we expect there will be continued volatility in the recovery of global travel demand guys out of all the online travel booking has the most international exposure the delay in europe's recovery has been a pain point. shares are higher around half a percent. the conference call sports at 4:30 p.m. eastern. of course high interest on not just the outlook for europe but also vacation rentals as it looks to compete wi

we have the president of lyft. becky?n some of today's top stories first up, president biden wants 70% of u.s. adults to have at least one dose of the covid-19 vaccine by july 4th. biden's administration is aiming for 160 million full vaccinations by then to help hit those goals a senior u.s. administration official said they will require pharmacies to offer walk-in vaccinations >>> on the business side of things, some companies are still feeling quite a beth of pain hilton worldwide missed analyst expectations hilton continued to be hit by pandemic related travel restrictions although 97% of the hotels were open by the end of last month on the other side of things last month, caesar's is jumping revenue beat estimates caesar's said results continued to improve as the pace of covid-19 vaccinations accelerate that stock is up by about 6.7% >>> a positively dogged rise it says here in the price of dogecoin the cryptocurrency started as a joke in 2013 but it's not a joke anymore according to coin market cap. its total value,

. >> up next at 5:00, get a free ride to get a vaccine courtesy of uber and lyft. it is part of a program unveiled by the white house today. what you need to know if you want to take advantage of this. >>> the covid delayed tax filing deadline now less than two weeks away. if you collected stimulus or unemployment money what you should know. >>> plus, another pandemic by product, internet addiction when we see you for nbc "nightly news." >>> we're still getting a lot of questions about the governor's big announcement about another stimulus check. the governor says two-thirds of all california taxpayers will get this payment. >> will you get a check? how much and when? >> we asked chris and his team to get some answers today and what did you find out, chris? >> well, we have more questions. we got off the phone with the state's finance department. does the family get one $600 check or each. the answer is you will get one. so it will be $600 in total. now, $75,000 combined income is a hard cap here. the good news is it is adjusted gross income, which is after your ta

i think lyft may be superior to uber right here.o say go be worried because i think there's good long-term value here, but, yeah, i mean the price action and the action in lyft tells you this is going to be a little tougher. >> i mean the stocks, joe, obviously have had a great rebound. josh brown has made some good money in uber and standing with it throughout the pandemic, but i go back to you i say, what doesn't the market know >> you're 100% correct it really comes down to when you were into this stock remember, i got into this stock late i wasn't early like josh was so, you know, i'm staring now potentially at a stock where i'm actually going to have a loss on it i need a response. i need a response from earnings that is going to be positive. >> i don't know, man. >> give me something. >> more reopening? i mean we are talking about broadway tickets going on sale soon, full capacity at stadiums. i am seeing the headlines. you are telling me people aren't going to take uber and lyft and do that stuff again once they're vaccinated

lyft shares plunging.get reaction from the cofounder and president john zimmer, as well as his outlook for the coming quarter. this is bloomberg. ♪ [ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohle

what took them so long to come to the decision and what it means for other social media companies >> lyftlower after an overnight pop despite showing signs of a post-pandemic recovery bezos and blue origin sell tickets to space >> jon, the nasdaq is rebounding this morning after yesterday's sell-off cloud stocks back in a positive territory, but it has been a rough few days 60 of the 66 cloud stocks in the first trust sky etf are lower for the week semis higher after a sharp sell-off names like nvidia can swing 40% to the upside. check out arc innovation index it is back in the green today, but definitely in a slump, now down nearly double digits for the year after posting a gain of less than 1% in april. take a look at the three-month performance of some of the names in her funds these are the top ten holdings down massively tesla, the biggest holding down 21% over the last three months teledoc 44%. >> yeah. that's quite a performance in the meantime we have to start with facebook. the independent oversight board essentially deciding to punt on the decision regarding the former president

no more focus on self-driving cars -- >> yeah, they stripped it down to the studs, and as lyft said, we have reworked our entire experience structure i think that's good. they're much more focused stories going forward. >> brent thill, thanks >>> stocks are trying to make a comeback from today's lows the reopening trade isn't faring that well, either. the cruise lines are down about 4% airlines are down as well, 3% and 4% losses there. moderna, biontech, we're seibel some declines. we'll have a lot more on the selloffs and the broader markets in just a moment help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee and only pay for the features they need. make fitness routine with pure protein. high protein. low sugar. tastes great! high protein. low sugar. so good. high protein. low sugar. mmm, b

so go online, find where the vaccination site is, call uber and lyft, they will wait for you and take you back. we have fewer people who need to be vaccinated than ever before, and we are actually seeing a slight increase in the pace of vaccinations across the past week. we are now on track to get 60% of adults with at least one shot by next week. we still have a lot of work to do to get the adult oxidation rate to 70%. but i believe we are going to get there. -- vaccination rate to 70%. i want to talk about an exciting new development today. when i spoke last week, i said we are hoping to soon at a new element to vaccination program. vaccinations for adolescents ages 12 and older. then on monday, after rigorous, thorough review, the food and drug administration authorized the pfizer vaccine for use in that age category, 12 and up. today, an independent advisory committee for the cdc voted to recommend its use. pending the cdc's final approval later today, we are going to have for the first time a safe and effective covid-19 vaccine for adolescents over 12 years of age. this is one mo

>> caller: what's going on with lyft we know uber and lyft. >> i'll tell you the problem i don't know if you got a chance to listen to ny from door dash last night he said there is a shortage of dashers. that said, lyft had a nice gain today so if you want to go, go when the getting is good i expect a lot of analysts to say raising price target lyft. let's go to anand from georgia. >> caller: thanks for taking my call. >> of course. >> caller: i have a question regarding service now. i'm down 10% on that should i hold it should i hold it >> you should buy it, that's interesting. aman is asking a question, should i hold it or sell it? how about the fact bill mcel mcdermott is a great ceo my take is buy, buy, buy, i'm kn nixing the hold and sell michael in florida, michael? >> caller: big boo-yah, cramer big shoutout to boo in berlin that hooked me to your show. i love it. >> thank you. >> caller: my question today is about hanes, it down 14% now i think it will be a comeback play. >> it is obviously, there were two pieces of good research out yesterday it's a very good story i'm kind o

. >>> the search for suspect involved in this disturbing attack captured on a lyft driver's dash cam video near los angeles. the 67-year-old says he was waiting for his next lyft ride at a gas station when a man jumped in his back seat, hit him with his gun and forced him to hand over more than $1,500. the suspect asked him about his race. police are looking at elder abuse charges and are investigating it as a possible hate crime. >>> in oakland police are investigating a double homicide. it happened arou00 the highland neighborhood. neighbors posted this video to social media near highland and east 26th street. one victim died and the other was able to get to a hospital but did not survive. there is no information about a suspect or a motive. this is oak land's 50th and 51st homicides of the year. >>> death toll continues to rise in the middle east amid renewed hostilities between israel and hamas. 58 children have been killed and ten israelis have been killed. calls for peace seem to be going unheard. laura podesta explains. >> reporter: sign of fire conflinoenters its second week.

if transportation is an issue, i want to thank lyft and uber. they've come forward and they've offered free rides to and from vaccination sites through the 4th of july. so anybody who says they can't get there, call lyft or uber. they're doing a patriotic thing. they'll come and pick you up, take you to the vaccination center, get you, wait for you, and take you back to your home or wherever you emerged from. and, you know, if cost is an issue, don't let -- don't be concerned, the vaccine is 100% free. and if time is an issue, there are 10,000 sites offering vaccinations without an appointment -- 1,000 pharmacies in virginia alone. and the vast majority offer no appointment, with no appointment required. we've made extraordinary progress. every american should be proud of what we've accomplished, and we did it together. but we still have five weeks left to hit our goal. you know, we -- and i know we can do it. just look at what we've done so far. there's not a single thing -- and i've been saying this a long time -- and i think a lot of the pres

lyft shares plunging.get reaction from the cofounder and president john zimmer, as well as his outlook for the coming quarter. this is bloomberg. ♪ emily: telecom has recalled its treadmill products and. 's shares fell the most in about six months. peloton recalling not just one but both of its treadmills, this after pushing back against some of the safety concerns. what changed? mark: a lot of people are curious why both models are being recalled. i want to break that down. the first treadmill is the tread plus. it cost about $4300. that is being recalled because of the child deaths and 72 incidents involving children with lacerations, brain damage, all sorts of scary stuff. the second device is the tread, the cheaper one, it was due to go on sale may 27. that is being recalled because the investigators on this matter received reports from users using the device in canada and other regions that the touchscreen monitor, when you are running, it can make the monitor become loose and fall. if you have the to

but catching a ride, whether it's uber lyft or even a taxi may cost you a little bit more before theemic reporter adrienne bankert explains why companies are still struggling to keep up and how some of them are trying to. >> totally re. imagine the industry. >> more are considering vacation in some of the nation's biggest cities. but there appear to be fewer rideshare and taxi drivers on the road as passengers return to public life in the city of chicago. we called the union representing cab drivers. only 880 taxis are currently operating that's compared to over 3,000 in 2019 in las vegas. one taxi company says there have been so many tourists and not enough cars leading people to call for caps. we've been getting a lot of calls. >> do the right. sure not being there for the public tourists are coming back. >> locals are on the move. that's after as much as a 65% drop in monthly trips year-over-year. now they're having a hard time rehiring drivers demand is going up and the drivers are not. there are a lot of them just we couldn't find him that just disappeared. lot of drivers are st

dash, lyft, i think tesla is one of these overpriced ones, netflix is another one. these are broken business models that have been just loved and loved because they've been popular. just like bitcoin is popular. does it make sense for bitcoin to be this expensive? nobody believes that, right? except for the people that made money in bitcoin, and i think what this correction is going to do is going to be really healthy for america, and it's going to show people that get rich quick schemes don't work forever. liz: yeah, we're looking at docu sign right now it's an ugly picture intraday but when you look at the longer term charts they are down from 10% to 40% off their pandemic highs. teddy, fed funds futures, they stand at about a 9% chance of hiking at the next federal reserve meeting in june. i think david trainer is so on the money here, none of these politicians and i'm not calling jay powell a politician, you know, he's the federal reserve chair, none of them wants to be on the clock when the market spasms because you have to raise rates, but even the fed funds f

is it time to reconsider uber lyft asa abn opening space? the wall of worry growing.evenue hit by $600 million charge for uk driver reclassification losses, look better than they should have because of that $1.6 billion sale of the self-driving unit the company will have to spend more to get drivers back on the platform also warns that its delivery business could slow this year, and carl and jon, not one time issues but themes far from resolved and will determine uber's future profitprofitabili. seeing it play out in uber share prices barely holding on to gains for the year and over the last week, digital companies hit hard lyft, doordash, uber, so many questions that overhang these companies and the gig economy, jon? >> yeah. i think investors need to look back at to what really makes these technology companies in a way, the worst part of sort of the tough news that uber, shouldn't have been a surprise the worker cost. amazon's hiking worker pay right? just saw that in the last few days, but amazon's model can sustain that the aws cloud. they've got robotics in wareh

zillow and lyft reporting results. we will have a roundup. poking holes. attorneys for apple go to work on epic again ceo tim sweeney. we will have highlights of his cross-examination from day two in this massive antitrust trial. neighborhoods have become a crucial information hub in the year of the pandemic. but post vaccines, as people go back to work, what is the next chapter in keeping communities connected? that and more in an exclusive conversation with next-door ceo sarah frier. we begin with the u.s. market selling off, sparked by inflation fears. tech getting caught up in the crosshairs. apple, amazon and tesla seeing shares fall. let's get more from katie gray feld and kriti gupta. katie, what are you watching? katie: stocks we are seeing red, led by the tech sector. down over 2%. s&p 500 down bite .9%. the nasdaq 100, more than double the drop is the big faang fell. comments from treasury secretary janet yellen did not help. she said higher rates might be needed to prevent overheating in the economy. she later but walked that back. the chips fel

lyft shares, as more people went for rides

soon, you'll even be able to book a free ride through that text from uber and lyft. as the president announced, lyft and uber are announcing free rides to anyone who wants to get vaccinated between may 24th and july 4th. if you want by the millions of vaccines, vaccines.gov. efforts around the country are not letting up and they cannot let up. they must accelerate with everyone contributing what they have to the effort. let me close and hand it off to dr. walensky by reiterating words the president said yesterday. on july 4th, let's celebrate our independence as a nation and our independence of the virus. 70% of adults with at least one shot by july 4th is a critical harder. we can do this. but if you haven't gotten vaccinated yet, now is the time and with that, over to dr. walensky for an important update and what our progress means for americans. >> thank you, andy. good afternoon. i'm pleased to be back with you today. let's begin with an overview of the zat. yesterday, the cdc reported 32,400 new cases of covid-19. our sunday average was about 36,800 cases per da

. >> you know how uber and lyft can get you there for free. details ahead. >> also now that pfizer's vaccine has been authorized for use in kids what local schools are doing to try to help get students vaccinated. plus, governor gavin newsome proposing 12 billion dollar plan to tackle california's homeless crisis, let you know where those dollars could be flowing. - i'm norm. - i'm szasz. [norm] and we live in columbia, missouri. we do consulting, but we also write. [szasz] we take care of ourselves constantly; it's important. we walk three to five times a week, a couple miles at a time. - we've both been taking prevagen for a little more than 11 years now. after about 30 days of taking it, we noticed clarity that we didn't notice before. - it's still helping me. i still notice a difference. prevagen. healthier brain. better life. >> america's top health leaders were back on capitol hill today for hearing on the latest efforts to battle covid-19 they are again underlining the fact that the fight against the pandemic is a race between the virus

uber and lyft say they will give free rides through july 4 to anyone needing a covid vaccine.resident biden says this will help to boost the country's economic recovery. speaking of, we are focused on boston's rebound, a hotbed of biotech innovation. we are going to speak with boston leaders, including boston mayor kim janie and celtics co-owner steve pahlavi luca. inflation potentially looming. that's get the latest from kriti gupta. kriti: we do have some earning stories. let's kick it off with lemonade. you had unity software rallying on a second-quarter quarter earnings beat coming in. this is actually up 2.2%. good news for unity software, and lastly, you have e.a., a stock that dropped by more of a margin. it looks like it is coming back just a little bit. [no audio] i really want to show you what we've done in terms of the p/e ratio for this index. we've seen it come back since that september tech correction. it really tells you the folks who are telling you those valuations are too high. now they are back to pre-pandemic levels, so what is the dynamic? can tech rally d

soon, you'll even be able to book a free ride through that text from uber and lyft. as the president announced, lyft and uber are offering free rides to anyone who wants to get vaccinated between may 24th and july 4th. if you want to sort by the specific vaccines, millions of mcdonald's cups tell you where to go to vaccines.gov. efforts around the country are not letting up, and they cannot let up. they must accelerate with everyone contributing what they have to the effort. let me close and hand it off to dr. walensky by reiterating some of the words the president said yesterday. on july 4th, let's celebrate our independence as a nation and our independence of the virus. 70% of adults with at least one shot by july 4th is a critical goal. when you're winning, you press harder. we can do this. but if you haven't gotten vaccinated yet, now is the time. and with that over to dr. walensky for an important update and what our progress means for americans. >> thank you, andy. good afternoon. i'm pleased to be back with you today. let's begin with an overview of the data.

. >>> plus the sharing economy getting hit by the selloff uber, lyft, airbnb down 20% or more in a month. some of them are better positioned for gains than others we will tell you who that's coming up >> announcer: this is "the exchange" on cnbc. nobody builds 5g like verizon builds 5g because we're the engineers who built the most reliable network in america. thousands of smarter towers, with the 5g coverage you need. broader spectrum for faster 5g speeds. next-generation servers with superior network reliability. because the more you do with 5g, the more your network matters. it's us...pushing us. it's verizon...vs verizon. and who wins? you. wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. over the next 10 years, comcast is committing $1 billion to reach 50 million low-income americans with the tools and resources they need to be read

and lyft are both gonna offer everyone free rides to and from vaccination sites.t is really stepping up. both uber and lyft, free rides to-- they'll wait, and from-- they'll take you back home. >> stephen patients, and even greater for any uber drivers who have thought, "i love working during the pandemic, but i just wish there was a way to make sure that 100% of my passengers were unvaccinated." there are some people who don't need any help getting a dose, like in tuscany, where an italian woman was accidentally given six shots of covid-19 vaccine. it was all part of olive garden's famous promotion, "unlimited needle sticks." now, while this lady got a little too much vax, that's not the case everywhere, like in india, where the huge surge in cases, along with a vaccine shortage, is pushing people to try unconventional treatments, so much so that doctors are trying to convince people that there's no evidence smearing yourself in cow dung cures coronavirus. though, but i'm pretty sure it will keep people six feet away. there's a new book coming out about the secre

still to come tonight getting around an uber or lyft will cost you more money this weekend. >> we'll let you know how the price surge could coincide with flight prices. >> and to covid vaccine sites are now closed in marine county. we'll tell you why the county made this move. plus, folks flocking to one country for the long weekend. we'll show you how the boom in tourism. >> it's been a long time coming for a number of businesses. a live report from now on the way. in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. north bay. the holiday weekend is bringing back. you know, a sense of things feeling a little bit more normal. people are looking forward to do actually doing something go

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the decision to improve -- to include uber and lyft.e have special programs for home-bound folks, they are identifying pop ligses -- populations that can't get to a vaccination site no matter how close they might be and making sure that we're going out and meeting them where they are and making sure they get vaccinated the same way everybody else does. i think the other thing i would say is that for all of us, one of our great opportunities, our great challenges, is to get over whether it's hesitancy or equity or more confidence is the more people see this happening among their friends and their families pres. biden: absolutely. >> the more likely they are to sign up and say, i'm willing to play. the walkup stuff has made a big difference too. i was visiting -- i was visiting one of our pop-up sites last week and they had about 50 or 60 poims and 700 walkups. i think the walkups can be a big deal in terms of making sure we create other opportunities for people, especially younger people. i got three kids in their 20's. i'm well aware of

if you need help getting your -- getting to or from your vaccination site, lyft and uber are offering free rides to take you to the vaccination site and bring you back home between may 24 and july 4 to anyone who wants to get vaccinated. and i've called on employers to do their part as well. offering their employees paid time off to get vaccinated. and we've set up a program nationally to reimburse those businesses for the cost of giving employees time off. now is time to get your shot. we have the vaccine. we've secured enough supply to vaccinate all adults and children above the age of 12. i repeat, now's the time to get your vaccine shot. now, over the past 118 days, our vaccination program has led the world. and today, we're taking an additional step to help the world. we know america will never be fully safe until the pandemic is raising -- is globally under control. no ocean is wide enough, no wall is wide enough to keep us safe. rampant and death in other countries can destabilize them, those countries, and pose a risk to us as well. new variants could arise overseas that could

lyft has risen more than 150%. uber is up about 64%. question whether the ride-hailing service can show a profit. last month missed forecast for profit by the third quarter. uber aims to be in the black by the end of the year. saudi aramco's profit sort of the first quarter after recovering global oil and gas markets. >> i have a hard time with this heat concept -- with this peak concept given the magnitude of the earnings revision so far. i'm not sure we are there yet. i think calling it the peak is premature. tom: good morning. andrew slimmon there with morgan stanley. right now on the thought of the moment which is goldman sachs saying we are coming back in june, work from home back to work from office. barry ritholtz joins with bloomberg podcast and really smart stuff, including an interview with jonathan miller. let me start with that. john miller is wired in new york and about 14 other cities. what did you learn? barry: the death of the cities has been greatly exaggerated. there has been a reshuffling of the seats, but people are

researchers say taking an uber or lyft gives out 69% more pollution.hen the trips they replace things like using a light rail. now those in the gig economy are wondering who will >> the real question here is upfront of switching to electric vicle. right now they're a little more pricey than the but we in looking at the analysis, the carpet on to develop this role which we think is a really important and really strong step. we found that it would basically great left about $0.4 per mile to help suppors in that up-front transition and allow drivers to keep those savings over the long, long run. >> environmental groups and s califo for state regulators to ensure the companies not the drivers cover the costs of electrifying their fleets. >> ford is closing down 8 of its plants in north americ this is because of the global shortage and semiconductor chips vehiclesng the ford mustang. the escape crossover the f one 50 pickup. the bronco suv. we'll all be affected. shortage will cause >> coming up in sports. you everybody hits. well, yeah, the giants are look

number you can text to get the vaccination location nearest you and said you will get a free uber or lyftd he would then pass out vaccinations to other countries who need it. an additional 20 million doses on top of the 60 million that have been earmarked to go outside the country. finally, ended there on what is going on in israel, although he was not his -- although he was not taking questions, he said he would spoke to the prime minister. president biden talking about a range of topics. we welcome our bloomberg audiences, as we do each day, and my coanchor amanda lang. what do you think about these markets? >> we were watching markets a little mixed today. the reopening of the economy will be a factor. president biden addressing the milestone america hit, 60% of americans now have the first dose of the vaccine. that is a key milestone that has allowed reopening to happen and it is happening on wall street today. the nation's largest bank has its employees back to work. ritika gupta it is there. it feels like an important moment. jp morgan tried this before and it did not work out well.

both uber and lyft, free rides to their weight and then they will take you back home in the makes itudents who will work with pharmacy partners to bring on campus vaccine sites to dozens of the nation's largest communities colleges this summer and i want to thank the governors here for making the easiest way possible for students to get vaccinated. finally, i am announcing fema is making support available immediately for community vaccination outreach efforts. this helps states, tribes, territories, local government and community faith-based organizations to make more progress. things like phone banking, door to door canvassing, pop up vaccination site in workplaces and houses of worship so once again, governors and somebody states, particularly the six here have been essential partners in this effort and they know it isn't about politics, saving lives and livelihoods, rebuilding our economy in getting us back to our way of life. so the idea that we have asked of the best governors working on this with me today is really a pleasure and all of you have done a remarkable job. with your

we will talk to lyft a little bit later on.is bloomberg. ♪ ♪ wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. over the next 10 years, comcast is committing $1 billion to reach 50 million low-income americans with the tools and resources they need to be ready for anything. i hope you're ready. 'cause we are. ♪ guy: we are approaching half past the hour. this is "bloomberg markets." we are waiting for the inventory data out of the united states, oil inventory data. we are getting back up towards $70 on brent. the real thing to watch out for here, from my perspective, what is going to happen with gasoline? the u.s. is coming back when it comes to people flying. are we finally going to see a pickup in jet fuel demand? two things to watch out for here. alix: gasoline futures are at

drag from the delivery side of the business. >> well, look, i like uber over lyft i'm sure i said this last night. so the fact that this conservative guy talking about the uncertainty of the consumer recovery, none of this is a surprise i will say, when a company talks about being adjust ebitda positive in the second half, it almost means nothing to me, i want to hear about truly be ebitda profitability and adjusted ebitda is something i'm used to hearing about in emerging markets in canada and places where companies struggle for profitability so i don't love that. dan's right on the chart this is not a great chart after breaking out in fact it's down sloping a hair. i think let's wait to see how this trades. but i love the invest thes into transportation as a service. i love the fact that they have built a significant amount of investment into some of the logistics in erp more than anybody else in the space and i think that will ultimately pay off. in the longer term no question this is the one i want to own. >> coming up g m cruising higher after posting earnings paypal and fastly on

as part of our "climate in crisis coverage," ridesharing companies like uber and lyft are being told90% of all the rides that they provide are in all-electric cars, and this should happen by 2030. so nine years from now. the california air resources board unanimously approved the new rule yesterday. it's all part of the state's goal to phase out gas-powered cars and reduce greenhouse gas emission by 2045. uber and lyft say they support this goal, they also say they're going to need the state to help reach that goal. >>> a mexico vacation for loek lori loughlin and her husband, on supervised release for their role in the college admissions bribery scandal. they asked the judge if they could go on vacation to spend time with the family. loughlin pled guilty to paying $500,000 to get her daughters into usc by falsely passing them off as elite crew team members. she was released from a prison in dublin after serving two months. >>> up next at 6:30, from gym owner to olympic medal hopeful. the bay area man ready to lift his way back to competition in tokyo. >>> a return to normal. >> i'm

soon, you will even able to book a free ride to that text from uber and lift -- lyft. they are offering free rides to anyone who wants to get vaccinated between may 24 and july 4. if you want to sort by the specific vaccine, millions of mcdonald's cups tell you where to go to, vaccines.gov. efforts around the country are not letting up they cannot. they must accelerate with everyone contributing what they have to the effort. let me reiterate the words the president said yesterday. on july 4, let's celebrate our independence as a nation, our independence from the virus. 70% of adults with a least one shot by july 4 is a critical goal. when you are winning, you press harder. we can do this. but if you have not gotten vaccinated, now is the time. with that, an important update in what our progress means for americans. >> i am pleased to be back with you. yesterday the cdc reported more than 34,000 new cases of covid-19. this represents another decrease of about 23% from our seven day average. every day, with cases continuing to fall, we remain encouraged. the seven day av

shares of uber lower by 3.5%, lyft down 3%. now to the coronavirus crisis. yes, it is far from over at least in india which has just cracked 20 million cases with hundreds dying by the hour. this as president biden has just in the last 20 minutes set new goals for u.s. vaccinations. but what can american businesses do? become an agitator to step up vaccine distribution. the ceo of henry shine is doing just that. with the closing bell ringing in 48 minutes and the nasdaq down 316, stan bertman of henry shine joins "the claman countdown" with his big idea, next. ♪ ♪ (vo) while you may not be running an architectural firm, tending hives of honeybees, and mentoring a teenager — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you help others. so you can live your life. that's life well planned. that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd

he said, yes, lyft supports a 28% corporate tax rate to fund it.tax rate to fund infrastructure? >> i mean, i'm certainly very supportive of funding infrastructure and we want to pay our fair share of taxes. with regards to what the tax rate will be, i will not opine on that right now. i do think that obviously -- >> but fit was 28%, i mean, that's a lot more for you guys. you're 100 plus billion dollar company. >> i mean, we collect and remitt taxes all over the world. for example, we've collected and remitted $3.4 billion of hotel tax to our platform. so we are absolutely supportive of paying whatever taxes we have to. >> okay. i was so interested to see what you guys did following the insurrection at the capitol on the sixth of january. you canceled all airbnb reservations in washington, d.c., around president biden's inauguration. the reason i bring this up is in the months following that, you talked about airbnb learning a lesson you say in your words earlier than other big tech companies because we had people getting physically hurt or worse.

uber and lyft offer runs from may 24th through the fourth of july.uctions on how to get your free ride will be on the apps. sometimes it will appear sometime in the next two weeks. that'll be really important. >> that is a big deal. >>> jeff raniere back with us who dabbled a little in crypto. do you? do you know what it is? >> i do know what it is definitely. we do have cooler weather coming our way as we head through the next couple of days, even the chance of thunderstorms. we're going to take a closer look coming up. we've been talking about increasing smoke pollution. we wanted to take a look at that data for you. check out this first number. from 1991 to 2010, we averaged 3.6 days of poor air quality. that doesn't seem that bad. look most recently here, over the past ten years, we've averaged 18 days per year of that poor air quality. how does that all this poor air quality, smoke pollution tie into the climate? look at this. look at the temperatures here. over the past ten years, our temperatures versus the average, and you can see how we're w

. >> woodruff: meanwhile, the white house announced a deal with uber and lyft to give free rides to and from inoculation sites, until july 4th. undocumented college students will now have access to covid relief aid, reversing a trump- era ban. today's announcement includes so-called "dreamers" brought to the u.s. as children. at the same time, the number of migrant children in federal custody more than doubled in the past two months. the associated press reports 21,000 kids are now being held at more than 200 sites. a federal judge in dallas has federal and state officials moved today to head off east coast fuel shortages as the colonial pipeline shutd a cyberattack closed the line last friday, and more than 1,000 gas stations in the southeast have now run dry. in washington, u.s. energy secretary jennifer granholm blamed panic buying. >> much as there was no cause for say hoarding toilet paper at the beginning of the pandemic, there should be no cause for hoarding gasoline, especially in light of the fact that the pipeline should be substantially operational by the end of this week. >>