we know the fares have been reduced in the ridesharing contacts. we know that there are several hundred thousand people driving for these platforms that certainly didn't have jobs as taxi drivers before. we can see based on the uptake rates that consumers are shifting their loyalties from traditional taxis to uber and lyft. they are always going to be concentrated interests, specifically folks like medallion holders in cities that have systems and regulators that are quite frankly losing their ability to regulate the industry that will try to push back on this. i would like to point out the irony of supporting a status quo system on the basis that somehow heavy regulation has produced great result that's great for everybody. consumers and the drivers protecting the little man sort of thing, but in actuality, the people who own the medallion and hold everybody else, consumers and drivers alike, you know, in a system that is not quite frankly in their best interest, but only in the interest of those specific concentrated folks. >> i would like to say

there are so many that embrace ridesharing. we want to go there. relationship with didi, how does that go forward? do you see them investing more money? markus: right now, is in its early days. we are facing fast growth every single month. right now, the focus is to grow. i think these questions will be solved some years down the line. caroline: what is your view point in terms of the ridesharing ecosystem? we will be going toward autonomous driving in the future? up with thest came concept for years ago when you were 19 years old and coding it yourself, where did you see the product going? markus: four years ago i did not have an idea how big this industry would be. that has been quite exciting. now that we are as big as we are, we see that autonomous cars could be the future of ridesharing. there is still more ahead. the focus is clear. we want to have a product ready now. we do not want to postpone problems into the future, but solve them right now. caroline: where are you finding it is solved the most efficiently? it is interesting you are in a

the regulatory environment is inhospitable for ridesharing. in the world to embrace that. we want to go there, bring a better product to market and worry about other cities. >> how does the relationship with didi go forward? >> for right now, we are facing -- the focus is to grow. all of our operations will be sold down the line. >> what is your viewpoint in terms of the ridesharing ecosystem. when you first came up with the concept, which i understand was 19r years ago, when you were , and coding it yourself, where do you see this going? >> i didn't really have an idea of how big this industry would be. now that we are already this big, we see that autonomous cars will be the future of ridesharing. we're thinking 5-10 years ahead. thatnt to make a product answers drivers right now. so we don't try and postpone problems into the future. >> where are you finding it is being sold the most efficiently? you are the main player in africa. >> africa is the first example. private car ownership is high in europe. there is public transport in most citi

is ridesharing can be very practical for your needs.t out of town for your weekend or go on a trip for several days. maybe you want to go somewhere special and have a nice driving experience you can actually read your neighbor's car. it is practical for people who live in city centers and who may not own a car anymore. emily: airbnb and uber are silly with a lot of regulations, what are you doing with? andre: our biggest issue his insurance. we provide coverage through our partner liberty mutual. with another. we provide insurance that covers the host and the guest. insurance is a highly right like -- regulated industry. this notion of making money with your car is something that predates a lot of insurance laws. we are trying to help the insurance ecosystem move forward and embrace that the car is a asset that can be driven. when you look at the future of transportation. how much of it is ridesharing and car sharing and how much of it is traditional ownership and how much is the driving cars? your business could change dramatically in

global ridesharing company has a new leader.executive of expedia is now charged with cleaning up over after the resignation of travis kalanick. how are uber investors feeling about the selection of the ceo? let's talk with an early one, the edge capital founding -- lead edge capital founding partner mitchell green. kalanick does travis play in the day-to-day future of uber going forward? mitchell: thank you so much for having me. i think that is a question for the new ceo. i would expect they would have lots of conversations about that. i'm sure he will be involved in some way. a $35obviously built billion juggernaut, growing superfast. i'm sure he wants to be involved in some way. vonnie: things have grown sour between county and other -- travis kalanick and other early investors, how are things between you guys? mitchell: i do not know him well. we invested much later. i am sure given time, we and lots of other shareholders want that all to settle down and settle, and i am sure given time we will all become pals. mark: houston

tencent and of theirs investing, whether ridesharing, motorcycle ridesharing, jd.com, they have investedn that. you are interested in grab as well in singapore, so is there a land grab for these kinds of assets? >> they are following us. they have see we have positioned ourselves well and are playing the catch-up game, so what we want to do is since we already have our positions, we want to work with local entrepreneurs. that was the cofounder and vice chair of alibaba speaking exclusively to stephen engle. you can catch more of our unprecedented and exclusive access to alibaba, including an interview with jack markell in our special half hour program, alibaba, the global disruptor. now our next guest oversees the strategy for ant financial which operates alipay. joining us live out of the milken institute summit in singapore is the chief strategy officer of ant financial. a good morning to you from hong kong. just a quick back around of ant financial. you have such a large customer base, obviously given access to alibaba. talk to us about how you are changing financial services experien

and the ridesharing business, whether that is uber or lyft.giving me that opportunity. turo is an airbnb for cars. we are an open marketplace. we don't actually control our fleet. we enable people to list their cars and share them on the platform. we have more than 800 makes and models today, everything from mercedes-benz to tesla to a smart car, and everything in the middle. it is very diverse. there is lots of offers. we have just celebrated our 4 millionth user and 170,000 cars are listed on the platform. we are very much focused on enabling people to take long-duration trips with these cars. and so we are offering rentals by the day minimum. most of our travelers are booking cars by the week or weekends or several days. the average is four days. and on the other hand, we enable our hosts who are sharing cars to really turn the car from sort of a cost center that depreciates over time into a revenue-generating asset. and so that is one of the things that make us really unique compared to traditional car businesses. emily: if you live in an

the same thing happens in ridesharing.nk there are a lot of similarities between the business models. vonnie: how concerned are you about valuations right now, apart from leadership? we saw another fund holding. are you concerned perhaps uber is not as valuable as it was? >> that is completely irrelevant. it makes good headlines. we would be aggressive buyers at prices people have talked about today. an example. a couple of big mutual funds marked their values down, but i think it was blackrock that marked it up. $53 a share from $40. our view is fundamental. what can this generate in three to five years on an earnings basis, 20 to 30 times multiple looking out three plus years? we think it can be conservatively a $150 billion company. great companies have tails. it is possible it is a $200 billion company. it does not surprise us these prices are in the news. >> you have bought fantastic companies like spotify. these are investments in your portfolio. you obviously have a good eye. i am wondering what gives you such confi

in the ridesharing businesslike uber or lyft. an airbnb for cars.ontrol our fleet. we enable people to share their cars on the platform. we have more than 800 makes and models today. everything from mercedes-benz to tesla to a smart car, and everything in the middle. it is very diverse. our 4e just elevated million user. focused on much enabling people to take long-duration trips with these cars. we are offering rentals by the day minimum. oure are travelers, customers are booking cars by the week or weekends or several days. the average is four days. we enable our hosts who are sharing cars to return the car from a cost center that appreciates over time into a revenue-generating asset. that is one of the things that makes us really unique compared to traditional car businesses. emily: if you live in an area well served by uber and lyft, fire ant a car instead? andrea: they exist really well. turoost loyal customers at are people who have downsized under ownership and maybe using more frequently than average ridesharing services like lyft or uber. l

ridesharing companies.dently, there isn't a major acquisition on the table. position. a better >> we have seen a downtick in the growth of uber domestically. thatere is no question lyft has gained significant market share. they are running a huge marketing campaign, saying it matters how you get there. one of the things we saw with travis was that he would do competitive fundraising rounds. down would try and suck the tide. >> uber was an expert at blocking other people's money. it is a zero-sum game. google is putting all this money in lyft now. >> how big is the round? >> it is google's appetite for investing in left. -- in lyft. it seems like it is alphabet-centric. others see a potential deal going on. >> the evaluation is going -- uation is going to be extreme. >> top story of the week. apple. even in the world of apple product releases, this was big. you have to be board by talking -- bored by talking about the products. [laughter] let us talk about the optics. what was the event like? i wasn't down t

that is a natural extension to ridesharing.f people believe the way most self driving cars could be deployed is through a ridesharing network. alphabet was an early investor in uber and had a falling out with the company in a fierce lawsuit it have slowly started to build a relationship with lyft. >> so what does this mean for lyft? how far behind is lyft and look at this injection mean for the country -- company? >> uber raised more than $15 million. i don't have the exact count for lyft but it is much smaller. uber has always had a big capital advantage. something like this $1 billion investment would certainly make it an even fierce and competitor in the u.s. and lyft has already seen market share gain as uber has had many crises over the last few months. >> you mentioned that. how much of a lift has lyft gotten from the series a bad headlines, seemingly endless, that had been affecting uber? >> it is hard to tell exactly. 70%, some say30%, 40% 60% moving up. lyft said they will roll out across the u.s. they have to make sur

that is why we have invested in seven leading players around the globe in the rideshare industry fromeast asia to the middle east, from europe to latin america, to the united states. we believe in sharing. we think sharing the best practices, the best product, knowledge, will make our industry grow faster, and that can benefit more people around the globe. cory: that was didi chuxing president speaking at the bloomberg global business form. coming up, another powerhouse panel. bill gates and masayoshi son on innovation, technology, and the future of business. this is bloomberg. ♪ mark: i am mark crumpton, let's begin with a check of first word news appeared a collapsed mexico 25y's school is where teachers and students were killed. others are digging through the rubble of collapsed structures searching for hers -- searching for survivors. confirmed dead, mexico's 1980 five.uake since jeff sessions says he believes the trump administration will be all legal challenges to its proposed order wall with mexico. anyone has a right to sue, but his responsibility is to defend u.s. of borders.

what it means for the ridesharing company. come on...you can do it! dogs just won't quit.either does frontline. that's why there's frontline gold. with its easy applicator frontline gold delivers powerful protection that doesn't quit for a full 30 days. its triple action formula is relentless at killing fleas and ticks. frontline gold. the latest innovation from the maker of frontline plus. for persistent protection you can trust... good boy! go for the gold. frontline gold. available at your vet. would you look at her? our mini old el paso taco boat's growing up so fast. hey sweety, chicken or beef? dad you know i'm vegan. beets! chicken or beets? good save. anything goes in old el paso. in this home we make breakfast. sometimes messes! but always masterpieces ...together. what matters most is made at home. >>> san jose police have captured three suspects accused of targeting elderly women and robbing them in broad daylight. what's troubling about this is the foil they use to complete their illegal acts. jesse gary reports from our san jose studio. >> reporter: robbery un

. >>> competition in the ridesharing business is heating up. google's parent company alphabet may invest as much as $1 billion in lyft. uber is also trying to secure more funding. google has previously invested more than $250 million in uber but is now suing the company for allegedly stealing trade secrets from google's self- driving car company "waymo." >>> now a look at the big board here. you can see the dow is up about56 points. >>> tom brady is chasing his sixth super bowl ring this season. he spent time with norah o'donnell and he said at age 40 his performance on the field is better. >> i would say i'm faster and quicker now than, you know, when i first started playing football. >> you're faster at age 40 than at 18? >> yes. i am. >> brady has also been busy off the field. he just finished writing a book, the tv 12 method. how to achieve a lifetime of sustained peak performance, published by simon and schuster, a division of cbs. you can see the rest of tom brady's interview on cbs sunday this morning. >>> the prime time emmys are on sun

here is there is a general consensus, one of the willthat self driving cars get rolled out is on ridesharingetworks like uber and lyft. having a major stake in a company like lyft makes sense and gives it a strong seat at the table. shery: uber has suffered from a series of scandals. lyft gained market share and has taken advantage of uber's long string of stumbles. there are three federal criminal probes into the company right now. mo is suing uber. that case could go to court in october. benchmark, one of uber's major investors is suing the former ceo. lyft has definitely seized on that. they are running a major television campaign starring jeff bridges with the slogan, it matters how you get there. the message couldn't be clearer, that customers shouldn't just take uber blindly, that there is another option out there. they are doing everything they can to seize the opportunity here that uber has provided them. vonnie: great reporting. our technology reporter live from san francisco there. the co-owners of the milwaukee bucks join us for an exclusive interview. where did they see global in

the ride is trying to regain its -- ridesharing company is trying to regain its license to operate.pires tomorrow, citing a lack of corporate responsibility. and we are shining a spot on nurseries, or kindergartens, quite a headache for morning -- many working parents, but it is difficult in mongolia. >> a baby boom there is pushing the public education systetem ta breaking point, and parents have to win a lottery to get a spot. this has increased by 60%. the government has not built many new schools since the end of the cold war. teachers are also set up with overcrowded classrooms. they are set to strike twice this month. molly: thank you for our look at the business news. we appreciated. the eiffel tower welcomed its first visitor in 1889, and in since, 300nse, -- million people have climbed france's iron lady. visisited paidst monument in the world, and on thursday, the eiffel tower celebrated another milestone, marking the hundred million visitors. >> it is just awesome. >> so romantic. it is beautififul, warm, friend. sophisticated. we love it. it is a happy e event. million,

. >>> reports google parent company might make an investment and ridesharing. alphabet is in talks with lift for a $1 billion investment. the the company is commenting. apple -- alphabet spin off is already reportedly working to test the self driving cars.>>> retailers plan to hire more seasonal workers than last year. target says he plans on hiring 100,000 employees for the holiday season. that is 30,000 more than last year. companies like macy's michaels and the gap are also expected to hire more workers. despite a shift to online sales. >>> tesla ceo says the company when unveil its long-range all electric semi truck october 26 in hawthorne california. in a tweet he roped worth seeing this beast in person. it is unreal. and all is expected to cost around $100,000. >>> two officers were honored for heroism. sergeant timothy reynolds and officer kevin machado at a ceremony in elk grove. sergeant reynolds was on a transport bus full of prisoners when a speeding driver caused a crash on the northern california highway. you pulled passengers out of the burning ca

that's why we have invested in seven leading players around the globe in the rideshare industry, fromtheast asia to the middle east to your of the latin america to the united states. we believe in sharing. sharing best practices, the best product, knowledge, we will make our industry grow faster and that can benefit more people around the globe. cory: coming up, bill gates. thevation, technology and that. of business is all this is bloomberg. ♪ paul: i'm paul allen with the latest version word news. bank of japan has made no change in monetary policy after its latest meeting. it is maintaining governor kuroda's yield at about 0%, saying the economy is expanding moderately. was 8-1. the curve yield is not enough toward the tubes and goal. a chinese conglomerate has raised the equivalent of 600 u.s. million dollars. it sold 643 million shares. that is seven dollars hong kong. final price rivers discount of more than 5% on wednesdays closing price. the sec says a hack of its database may have led to cyber criminals reaching profits. they only learned last month of possible illicit tradin

those two companies are still considering other options to ask -- to expand ridesharing operations. coming up, it is at week we will .- it is add week this is bloomberg. ♪ emily: facebook said they had success fighting fake news in the german election. the company says they launched a major effort to combat fake news. the right-wing alternative for germany made historic gains in the election they said in a blog post they did not eliminate misinformation entirely. they did make it harder to spread and less likely to appear in the news feeds. studies concluded that the level of the false news was a low. facebook,ith president trump is taking aim at the social network. he said they have always been anti-trump. this comes after the turnover of almost 300 political as that were bought with russian money after the campaign. facebook is making a larger push to attract advertisers. this comes at ad week out of new york. also with us is gerry smith who covered media for bloomberg news. telling us all about what is happening. what are they saying about facebook? >> i think exactly what you ar

are lessons to operate has been revoked, adding to the list of problem's the rideshare company faces.he latest installment of the iphone are mixed. u.s. markets close in two hours time. let's get a check on where they are trading. indexes, get to the let's talk about that john mccain headline. >> it has been pretty swift with the reaction, so swift that you still have kim jong-un up behind you as we were talking. this is

, rideshare, you are interested in grab in singapore.ese kinds of assets? >> they are following us, they are saying that we have already positioned ourselves very well and they are playing a catch-up game. what we want to do since we already have our positions, we want to work with local onto printers. site -- ts was joe ai. you can catch more of our exclusive access to the alibaba group including an interview with founder jack ma. premiering friday at 6:30 p.m. in hong kong and 5:30 p.m. in new york. this is bloomberg. ♪ haidi: this is daybreak asia. i am haidi lun and sydney. betty: i am betty liu in new york. scheduling october 26 to unveil its electric semitruck. it is worth seeing this based in person, elon musk said in a tweet. addressl have to power. capability and cathay pacific switched to [inaudible] to a smaller 900 variant. it differed delivery of more planes. the larger jetliner is falling out of favor as carriers around the world rein in capacity expansion to ease pressure. betty: boeing is raising production of its 787 dre

optimistic about is in the city in india where we are supplying the cars, the drivers have signed onto a ridesharingny there and that government has provided a charging station initially. it is working well, and if it continues we will replicate it. that is an example of a government stepping in actively and participating. more than that needing a public-private partnership to work, it can happen. the second thing, and i really do not believe in government --sidies of at all subsidies at all, isn't you need the leader of the country to give direction. one prime minister narendra modi laid out his vision for solar power and wanted to make india a leader in solar power, he set a ofar goal of 175 gigawatts renewable energy by 2022, 100 gigawatts of each were solar. which look for stability, they look for direction and you do not need that much more if you are just moaning opportunity. in three years, we built the company which is now the second largest builder of solar power plants. we were just saying, tell us which direction to follow, and if you do that, there is money to be made. >> how would you c

about is in the city in india, where we are supplying the cars, the drivers have signed onto a ridesharinge government is providing the charging stations initially for this to begin. it is working well, and if it works, we will replicate it. that is an example of the government actively produce a painting and stepping in, so you need a public-profit partnership to work -- public-private relationship to work and it can happen. i do not believe in subsidies at all because i believe these businesses are all profitable. you need the leader of the country to give a direction. let me give you an example, when the prime minister modi laid out his vision for solar power and when it to make india the leader in solar power, he stated clear the plan in which we invested. they look for direction. you do not need that much more if you are living with opportunity. in three years, we built a company that is the second largest builder of solar plants. we say, tell us if that is attractive. if you will do that, there will be money made and return. >> how would you consider the growth of africa and nigeria

leftists like santa claus sanders couldn't trade debt amnesty for votes. 44% would ditch ridesharing.would move in with their parents to never have to make a college payment again. 13% would give up texting if they could give away what they owe in academic loans. with 22 mill americans holding a staggering amount of student loan debt, thank you so much for watching the show. you can follow me on twitter and instagram and facebook. and kennedyfbn@foxbusiness.com. video collection. (doorbell chiming) oh, hey, hi, dean. hey, hi there, uh... bob. (narrator) from the battlefield to the white house, from hollywood to the heartland, america's entertainer was bob hope. oh, this room, it's so dull and depressing tonight. if only there was some way to brighten it. oh, of course. (laughter) (narrator) he was a true patriot. (bob hope) this has been a great trip.

the suspect is accused of using a ridesharing service to transport the body 100 miles to his grandmother'shouse. >> we spent the day talking to students. they feel safe on campus, but this can happen any time, anywhere, this can happen to you. as for talking to police, they say they have some common sense safety tips for you. those include things like this. this emergency call box. they want you to use this. that's on temple campus. the main message tonight is be on alert. >> maybe going home to strangers, that whole thing. you want to go home with anyone really. it's just crazy. we don't want to let loose affect her safety. >> have a friend if you're going to get. really drunk. but i don't know if sto going out, but always have a backup plan. >> we checked in with several area schools including drexel, lasalle and temple. they warn students to stay in areas where there's lots of people. always know someone where you're going, avoid dark streets and use any volunteer services at night. reminders of what happened over the weekend are still on a few street corners. a temple student now dead

those two companies are still considering other options to expand ridesharing. o opens up ellen pa about her fight in silicon valley. this is bloomberg. ♪ emily: best known as the manufacturer of vacuum winners will hold an electric car by 2020. they are investing $1.3 billion to develop the car, plus batteries to power it. it would the radically different from those being designed by other carmakers, including tesla. continues to make headlines. she had one of the prominent cases of its kind. she helped start the conversation of gender on it. she has written a book about her experience called "reset." i talked to her about rehashing things now. ellen: so many women and men came up to me and told me how much my story had inspired them, and how much it aims them comfort in the experiences they had. i wanted to give them all the facts, give them the whole story and see if i can help other people through writing the book. over time, give the inspiring ending to what was a terrible experience, that you can get through all of this and continue and have a career and m

the ridesharing company wants to help students gain a competitive edge globally by awarding scholarshipso people to study robotics and programming. the online program is intro to self-driving cars and isour months. that's your cbsmoneywatch report. for more, go to cbsmoneywatch.com. at the new york stock exchange, i'm roxana saberi of cbsmoneywtch.com. >>> some new s leada mystery in fremont. 25 years ago someone kills kathy miramontes and dumped her in fremont. there is new dna evidence in the case, no more specifics. so far the computer has not come up with a match. now police are reaching out to the public for help. >> if you thought it was inconsequential back then, maybe that might be that little piece of evidence combined with a couple of other things may be what they need to solve the case. >> her two sons were 5 and 10 at the time of her death. em you have information, call t ming onto the alameda county court system. more cases are coming back to oakland. the county's superior court is reversing an earlier decision to move felony arraignments to the courthouse in dublin right ac

.>>> the professor says the traffic analysis does not include the potential impact of ridesharing servicesnto a development set to include 300 condos. >>> a bill now headed to governor jerry brown's desk will call voters to rage bristol's across area except for the golden gate. the examiner reports that famous landmark could face toll hikes in the next few years. the possibility was reportedly raised at a meeting friday where a 5 to 1year financial protection of the golden gate bridge district suggested a $360 million budget deficit on the horizon and that may spell toll hikes according to the general manager of the bridge district.>>> it is 6:48 a.m. and let's check traffic.>> golden gate bridge you can see the traffic slowing but that's not the case for drivers on the san mateo bridge. life chopper 5 over the bridge, this accident has 2 of 3 lanes currently blocked. the westbound direction just as you're heading off the western end of the bridge. we traffic backed up onto 882 hayward can't give yourself plenty of extra time if you are heading in that direction. emergency crews remained o

a female drivers suing the ridesharing giant for sexual discrimination, clammy company practices -- claiminghe company practices unfairly discriminate against women. the suit times that the common he fails to provide sufficient security to female drivers. more specifically, it says that a driver doesn't know the destination until the passenger is already in the car and has no ability to cancel the trip. offersys the app protections to drivers. this comes days after the city of london revoked uber's license to operate there. coming up, after helming the company at the center of one of the worst cyberattacks in history, the ceo of equifax is stepping down. and "bloomberg technology" is live streaming on twitter. this is bloomberg. ♪ emily: venture firm ivp says it raised a new $1.2 billion fund is after it closed the first one. it will not start investing until next year because it still has plenty of cash left in the last fund. ivp plans to stick with its strategy of investing about $10 million to $100 million in each company decides to invest in. equifax's ceo is resigning it losthree weeks

investigators say he killed her and brought her body to his mother's house, called the lyft ridesharing service to transport the body to his grandmother's home in wayne county. he is now charged in jenna buehrle's murder. they don't know the motive for that killing. keith jones, nbc 10 news. >>> senator bob menendez said he did nothing wrong as e he walked into the courthouse for the start of his corruption trial today. he is accused of taking gifts and call pain contributions from a florida eye doctor in exchange for political favors. during opening statements, prosecutors said he stole the office for a lifestyle he couldn't afford. >> never. not once. i have spent decades giving voice to those who are voiceless. >> he's the first u.s. senator to face bribery charges in more than four decades. because of the trial, the democrat could miss key votes on the senate floor. new details in yesterday's deadly crash involving two montgomery county highway workers. officials confirmed the identities of both men struck by a car. he was killed in this crash. jeffrey missourier is listed in critic

. >>> and ridesharing wars a former uber backer is about to make a billion dollar bet on lyft it's fridayber 15, 2017. "worldwide exchange" begins right now. ♪ >>> good morning a warm welcome to "worldwide exchange" on cnbc. i'm wilfred frost. >> i'm seema mody in for sara

leftists like santa claus sanders couldn't trade debt amnesty for votes. 44% would ditch ridesharing.said they would move in with their parents to never have to make a college payment again. 13% would give up texting if they could give away what they owe in academic loans. with 22 mill americans holding a staggering amount of student loan debt, thank you so much for watching the show. you can follow me on twitter and instagram and facebook. and kennedyfbn@foxbusiness.com. >> lou: good evening, everybody. breaking news, north korea tonight fired a missile. this missile traveling 2300 miles east from pyongyang. japanese media reports that missile flew over yap jap where authorities warned resident to take shelter and the threat from north to sink japan with a nuclear weapon. the north corn korea launched 23 missiles. and we'll bring you devop

. >>> there are reports google's parent company make an investment and ridesharing.berg says alphabet is in talks with lived for a $1 billion investment. the spin off is already reportedly working with left to test self driving cars. neither company had any comments on that report. >>> president trump visited florida to meet with survivors of hurricane irma and look at recovery efforts. the death toll has hit 31. 43 other people were killed in the caribbean. joel waldman has tonight update from key largo.>> reporter: power has been restored to the two thirds of the nearly 8 million homes had their electricity knocked out by hurricane irma. >> they rode it out in my trailer park>> reporter: in the keys stories of survival. this man says his neighbors tried to ride out irma on their houseboat. the -- when it started treating -- when it started sinking.>> did not make any sense to lock it. nobody was going to steal anything.>> reporter: power crews are making progress including now and parts of the keys. for things like portable cell phone towers are getting up and runn

leftists like santa claus sanders couldn't trade debt amnesty for votes. 44% would ditch ridesharing.% said they would move in with their parents to never have to make a college payment again. 13% would give up texting if they could give away what they owe in academic loans. with 22 mill americans holding a staggering amount of student loan debt, thank you so much for watching the show. you can follow me on twitter and instagram and facebook. and kennedyfbn@foxbusiness.com. ♪ [ cheering ] >> the original hoop dream. >> these really are the rules here -- 1891, james naismith. granddad's signature. >> incredible. >> one family's heirloom... >> you think your great-grandfather could ever envision that the game he developed could be what it is today? >> ...goes on one wild ride. >> he starts looking around and thinks, "oh, my goodness. where are the rules?" >> no. >> it's a national treasure with a big price tag. >> you paid more than the emancipation proclamation. >> yeah, well... [ door creaks ] [ wind howls ] [ thunder rumbles ] [ bird caws ] ♪ >> i'm j

those two companies are still considering other options to expand ridesharing.oming up, ellen pao opens up about her public fight against sexism in silicon valley. this is bloomberg. ♪ ♪ emily: dyson best known as the manufacturer of vacuum cleaners will build an electric car by 2020. founder james dyson said the company is investing $1.3 billion to develop the car, plus batteries to power it. dyson said his electric car would be " radically different from those being designed by other carmakers, including tesla." ellen pao continues to make headlines. it is been five years since her trial became one of the most prominent cases of its kind in silicon valley. while she may have lost the suit she helped start the conversation of a gender inequality. she has written a book about her experience called "reset." i talked to her about rehashing things now. take a listen. ellen: so many women and men came up to me and told me how much my story had inspired them, and how much it gave them comfort in the experiences they had. how they connected it with them. i wanted to g

transport says the ridesharing app is not fit and proper to hold a private operator license.d by tim higgins. thank you for coming in today. help us break this down. why did transit officials in london shut down uber? >> they were concerned about the background checks for the drivers. the way crimes are reported to police. also they stand on great bawling. a secret program they had to try to block law enforcement from tracking the app. that came out months ago. these issues are raised this decision is a big blow to uber. >> the latest blow. we know about the allegations of sexual harassment within the company. we have the founder of the company who left. how does uber overcome this sense that this is a company that is not playing by the rules? >> the new ceo put out a memo saying we don't necessarily agree with the decision. it is a reminder we need to act with integrity. the old culture was break rules. they were the underdog. that is how they got their start. they would go into cities and fight regulation. to create this business from the ground up. now they have to figure

londoners will not stop using ridesharing. the gig economy will continue. the sharing economy will continue to prosper, no? >> what's interesting is that late last year uber lost a tribunal ruling saying that their workers are employed by the company, not self employed it's tomorrow that the appeal hearing starts, that ruling from uber that tribunal decision last year led to a number of cases from other companies like city sprint, a lot of gig economy firms, really questioning the business model with employees bringing suits against the company. whether that business model will sustain for uber itself or other competitors seems incontrovertible >> thank you very much for that. >>> hurricane maria caused up to $85 billion in insured losses, according to after the modeling firm air worldwide insurers are down over the board. hanover re down 1.3% they came out with a profit warning. munich re off by a little less than 1%. >>> maria has been the worst hurricane to hit puerto rico in over 70 years causing extensive damage to property and infrastructure lester ho

in a memo sal hu says she will continue to serve until a replacement is named the ridesharing company is facing three federal lawsuits and various other probes >>> to the latest on the recovery efforts in the wake of hurricane irma more than 4 million homes and businesses in florida are still without power as of last night residents who o residents who evacuated the state or stayed in shelters are coming back home to look at damage you're looking at cnbc footage from the damage from the florida keys crews there are working to repair the lone high connecting the keys to the mainland the head of fema says preliminary estimates suggests a quarter of the homes in the keys were destroyed 65% sustained major damage. >>> to the wall street agenda. there's inflation data out a week before the next fed meeting. the august producer price index was released at 8:30 a.m. eastern. headline ppi is forecast to rise 0.3% the core rate rising 0.2%. at 2:00 p.m. we get the monthly federal budget statement. >>> coming up, a round up of the big stock movers, plus equifequ' ceo calling the data breach a h

why london says the bay area- based rideshare service is unfit to operate. >> at the forefront of innovationnd technology but you have to play by the rules. >> we are tracking the weekend forecast. here we go. saturday and sunday just around the corner. >> after the break, the city of oakland talking trash. "2 investigates" looks into a new report that details the source of all that trash illegally dumped on the city's streets. >> and taking a live look now at the friday evening commute, this is the bay bridge toll plaza you're looking at and all those cars going towards your screen, they're just trying to get into san francisco tonight. >> and here's a look at the macarthur maze slow going there in the commute direction on the left going up 80 towards richmond, el cerrito and beyond. ♪ ♪ ♪ ♪ vo: jack's got your back.hits, jack: somebody craving my smoky jack burger? vo: the smoky jack burger combo for $4.99. vo: hickory-smoked bacon, smoked cheddar cheese, vo: all on an artisan poppyseed bun. vo: plus fries and a refreshing drink. vo: all for just $4.99. man: thanks, jack! jack: you're welc

nbc "wall street journal" poll asks american consumers which technology is good for the country ridesharing is hot, online shopping is not. >> reporter: a new nbc "wall street journal" poll asked american consume chers which new technology is good for the country. ride sharing is in, online shopping is out. online shopping by amazon and other retailers has been bad, while uber and lyft had been good in terms of grocery shopping specifically, it turns out people still like to pick their own produce and shop the physical aisles. 23% of respondents say the trend of buying groceries online instead of at the supermarket has been positive versus 25% who say it's been negative another 50% are mixed. amazon's haven't recent acquisi whole foods may have been a nod to the trend as online grocery shopping has yet to take off in the u.s. consumers are also split on airbnb with less than half of respondents saying it's been good for the country deidre bosa, cnbc business news. >>> qantas airlines has shifted its headlines back to singapore from dubai sri jegarajah is at the aviation festival in north lo

. >>> and ridesharing wars a former uber backer is about to make a billion dollar bet on lyft it's friday, september 15, 2017. "worldwide exchange" begins right now. ♪ >>> good morning a warm welcome to "worldwide exchange" on cnbc. i'm wilfred frost. >> i'm seema mody in for sara eisen. >>> let's get to the top developing stories at this hour. the first one, british police are on the scene of an apparent explosion on the london underground. it happened at parsons green in the west part of the city. you're looking at pictures taken from the scene witnesses say several people were trampled as they tried to flee the tube, those reports have not been confirmed. we'll continue to monitor the situation and bring you more as we get. >> we're following big developments out of north korea after that nation launched another missile over japan this morning local time the launch prompting japanese residents to take cover. officials sayit landed in the pacific ocean. we'll have a live report from the region in one moment first let's check market action. >> let's look at asian trade not too disappoint