joining me now, the author of that report, "new york times" reporter mike isaac. few minutes. well, explain this. i read the article, and this is fascinating, but essentially what you have cities here, ewe know, there are plenty of cities not necessarily rolling out the red carpet for uber, so uber sets up shop in those cities anyway. law enforcement tries to catch them in the act and uber did what? >> reporter: so you've got it right. so basically uber -- if you remember back in 2014 to 2015, uber definitely hasn't been sort of the most welcomed presence in a lot of cities. so in order to evade those sting operations and evade drivers cars getting inl pounded or tickets, what they would do is identify law or code enforcement officers by a number of caseworkistics including if they opened the app near a police station or government building or if the credit card they used to sign up was registered to police union. then they would tag them and serve them up a fake version of the app itself. so, if these officers tried to call an uber to come pick them up and then i

mike isaac is covering all of this for "the new york times" and joins me now.'s start with snapchat. what is the value that snapchat is trying to sell investors? >> so snapchat's big story is it's going to be its next facebook and not the next twitter, essentially. one of twitter's big struggles, if you remember when it went public a few years ago, it sort of failed to grow fast enough for investors on wall street, and so, as far as facebook is concerned, their growth was huge, but snapchat just wants to say, like, "look, this is the next big social network. you want to get in as quickly as possible on the ground floor of this i.p.o., and we're going to have the success and strength and reach of facebook, particularly with younger users." >> sreenivasan: how does it plan to make money? at one point-- it calls itself now a camera company. is it a social network? is it a camera company? do you make money selling advertisements? >> yes, so it's primarily advertisements. they have little-- what are called "snapchat disrs" and publications like the "new york times"

he demonstrated it. >> now kelly, as for mike isaac's article in "the new york times" she had not havebecause she's been in back-to-back interviews here but she did reiterate yes mistakes have been made and they are cleaning them up now and she's fully confident that's going to happen. >> she should trademark brilliant jerks if that isn't already part of the lingo when it comes to talking about a lot of silicon valley culture. good stuff. speaking with arianna on the board of uber. the possibility of france leaving the eu is gaining traction as marine le pen makes a bid for the presidency. what that could mean for markets is next and imax has been struggling with profits in china. richard gelfond joins us with what that means for the company's bottom line and any future plans in china. you're watching cnbc, first in business worldwide. ♪ we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can delive

>> mike isaac who wrote the story in the "new york times" explained what greyballing was. >> was it aaround for a while? >> never heard of the time before. >> okay. wondering the -- >> the origin? maybe it's a travis calkalanick phrase. i don't know. china. david tepper who was on the show yesterday, bill ackman and kyle bass made bearish bets against the chinese yuan. our next guest says their short positions and analysis of china is totally off base. he will say it again right now. joining us is peter alexander. take these gentlemen on. what's your problem with their bearish bet with china? frnlg>> we want to look at the history of all the bets made. it goes back to the global financial crisis. jim chanos got most of the press at the time with the treadmills to hell, dubai 2000, he was betting against the property market that it was overleveraged, all these negative narratives that people look for, and whether or not it is accurate. we found that the application of various floebl mglobal models t against china, while it's not necessarily wrong, it's completely inaccurate in terms of

mike pence needed to break two ties thursday. to let states block family planning money from healthcare providers, most prominently planned parenthood and notices that senator johnny isaac coin didn't expect to return to the capital after back surgery to cast much consequential votes. he is in the fifth week of spinal cord surgery and was wheeled into the chamber to help of the vote. we'll show you the first vote from earlier. >> mr. isaacson, i aye. [inaudible conversations]re >> on this vote the yeas are 50, the nays are 50. the senate being equally divided the vice president votes in the affirmative and the motion to proceed is agreed to. pre >> mr. president,. >> nor from alaska. >> mr. president, yield back all republican time in relation to hj res 43. >> the time is yielded back.cer: >> mr. president. thero >> senator from washington. to >> mr. president, this vote had to be held open in order to allow time for the vice president to come down and break a tie. my colleagues and i came to floor weeks ago to make clear that this harmful legislation should not come to the floor. were were republicans didn't listen to us. they didn't listen to women across the country