several private equity firms reportedly have rejected schnatter's proposal to partner on a bid and shares. papa john's pop 8% t50.14. >>> online polling company survey monk y made the trading debut after pricing shares above the expec range. the initial public offering put survey monkey's valuet nearly $1.5 billion. and while the company isn't profitable yet, the ceo says it's making progress. >> on a net income basis cap we are still unprofitable. we are bringing on world class shareholders who understand the business model. h this is ahly cash generating cash business. in the last 919 months we had marj.venue we had vye hibl and cash generation with the business. so we see the opportunity to grow and continue to drive free cash margins. and over time you will see n income. >> shares soared 43% in their first day of trading, closing at $17.24. >>> after the bell bed bath and beyond reported a surprise decline in same store sales and mi earnings expectations. the retailer cut the sales outl ak for the year said profits will come in at the low end of previous guidance. as you might expects

papa john's has been trouble since john schnatter papa john's has not commented will put itself up for auction. struck tesla says the very latest software designed to get drivers on and off the highway more efficiently. it is intelligently suggesting lane changes to keep your on your route. makes adjustments so you do not get stuck behind for cars or trucks on the highway. federal reserve tracy benchmark interest rate by a quarter percent. maybe yesterday the rate went 2 up to 2 1/4 percent. the third time if you're the fed has raised interest rates to keep inflation under control he had repeatedly described the economy is strong and dedicated there would be another rate increase by the end of the year. struck the ceo of ford speaking out at the presidents tariffs on chinese goods. metals imported cl made the comments that the bloomberg conference us traffic and steel 10 percent tariff on aluminum the tears would likely lead car rockapella at the college professional christine blasey ford would face the u.s. senate 30 years after she said sprinkler nominee brett kavanaugh sexually assa

been cut by more than half area of a shares have fallen by 8% since news broke that founder john schnatterd a racial slur. he eventually resided he is now suing the company. snapchat is losing one of the few remainders -- remaining leaders of the team that to become a public. the chief judge yasser is leaving, he will start investment firm that will take stakes in tech companies. those are latest bloomberg business flash. still ahead, 10 years later, we take a look at how well the u.s. is prepared for another financial crisis. this is bloomberg. ♪ vonnie: as his "bloomberg markets," i'm vonnie quinn. this week marks the 10th anniversary of lehman brothers aggregate three trigger the worst financial crisis in a century. a decade later, many are left wondering can we survive the next financial crisis? yeldon, letand -- me ask you about the human cost of that. soot of people say it is bittersweet and some of them want to do great things the for others are probably wrote their lives. the video footage of seared in people carrying boxes of their documents off the lehman brothers door on septemb

this comes as the pizza chain is still dealing with the fallout of schnatter's use of a racial slur.vving up its lineup. what can you tell us? >> they are planning to launch 15 new special edition models. they unveiled their powerful sp1 and sp2 models yesterday. they appear more like the bat mobile than a car you would typically see on the road. they plan to launch a larger utility vehicle to compete with luxury suvs. fewer than 500 of these one seat sp1s will be sold for a rumored $1.25 million or more each. cheryl: i'm not a big car person. i don't know about you all. but i think it's a pretty cool looking vehicle. >> it is pretty cool. lauren: it better be at $1.25 million. cheryl: thank you very much. test drive. we've got a lot more come canning up. is it time to throw away some medicine, why a popular drug taken by millions of americans may be a complete waste of your time. and are the "sesame street" characters burt and earny more than just roommates. a burburt and earnie bomb shell. here are the futures, the dow is up 11, nasdaq is up 2 1/2. you're watching "fbn:am." note --

the founder john schnatter after news broke of him using the n word during a conference call. the employees will undergo mandatory diversity training starting next month. >>> a warning about an unusual cell phone scam. a south bay family bill showed payments they never made. turns out someone hacked into the account started paying bills then made off with two new iphones. 7 on your side michael finney helped them get to the bottom of it. >>> it's unnerving actually. >> this was the first it sign something was wrong. >> why are we paying $$435. >>. they chang the sharma family for making payments but they never made the payments. >> there were charges coming in can you look at it. >> verizon told him he paid off the balance on the two children's phones. but he didn't. those phones were supposed to be on a monthly payment plan. >> we said that we had never thorsoned those things. >> turned out a hacker went into the family's account and used to pay the balance on the family phones pu. but why. >> it doesn't make sense at that point why is somebody doing that. >> the next day the

john schnatter has been replaced and all the company's new commercials around the world as of this mornings feature a diverse group of franchise owners and introduce themselves. earlier this year, the pizza chain started to remove the company founder from the branding after he was accused of using a racial slur during a media training session. >>> what used to be one of the most popular apps in america continues the recent struggle to stay permanent. the battle causing costing some employees their jobs. the cl held -- evernote ceo that he is cutting 50 percent of the workforce at a stock meeting. that is 54 people. evernote that's what focus on operate more efficiently increasing quality and velocity of their product development. >>> tesla is being investigated by the justice department over statements made by the ceo, ilan must. shares of tesla took a hit over reports the government is opening a criminal investigation into ilan musk tweeted claiming he had the funding a place to take the company private. later he said he was keep the company public. tesla turnover documents to the justicd

there were reports out that previous ceo john schnatter is reaching out the private equity team to seef they would up with him for a buyout deal. a spokesman did come out and say, no. this is not true. shares bits butter but they come back up but is up about 8.4%. if you look at the s&p 500 restaurant industry index, you can see it is now at record highs. it is not just pop at john's leading to the industry, -- papa john's, leading the industry higher. take a look at the bed bath & beyond, shares of the home retailer popping higher. they have reversed at the high, they had been up 2.2% and to now just moments ago, dropping to the downside to half of her percent. inestors looking for 50% adjusted earnings in him was $2.96 billion in revenue, and the story here is big the clients -- big declines in year-over-year growth. investors nervous because there is been uneven performance this year. than 13% onown more the year and the piece of this has to deal with the comp story. back in 2015, we had some positive comps, but more recently, we have had five quarters and a row of down comps and th

john schnatter has been replaced and all company commercials around the world as of this morning.features a diverse group of franchise owners who introduced themselves. the company started making changes after snyder was accused of making make using a racial slur after a media training session. struck a bay area company cutting 54 doppler 54 -- 50 percent of the workforce. evernote ceo made the announcement and saying the company has invested too far ahead of its growth. evernote has been one of the most successful notetaking apps but i struggled recently. comes after reports of a two top executives leaving the country as -- company as well. >>> so lara just availed two new sports cars. they are sosupposed of the most powerful engine yet. the cars will have no roof and a virtual windshield to push airflow above the price tag, $1 what color would you like? it's like i will take up the one. >>> new information the south bay about it hope village homeless and canton. we will tell you where officials finally agreed to move it. >>> seeing firsthand the hurricane florence damage. presid

papa john's founder john schnatter experienced it. of course uber ceo travis kalanick was kicked out by his own board. "wall street journal's" james freeman is here, fox business's deirdre bolton and late but not least noelle nikpour. if you could tell us who wrote this? >> i will tell you. i need a contract from fox if i am out of business, i will have no one hire me for campaigns. neil: what is the advantage, of keeping it anonymous? >> well, what i told you before we went on air, the reason why this person wants to keep it anonymous because he feels like -- neil: it is a he. that has been ascertained. >> we think. we don't know. the person probably feels like i am a true patriot and i am between the american people and donald trump. and me and all my cohorts that are working together to make sure that he, you know, doesn't do this or, whatever, the situation is, at hand, he feels like he is the person between it all. which means, if you, what we were saying, if you go out and say, i'm mr. so-and-so, i wrote it, i'm proud, bye-bye,

schneider josh john schnatter is accusing the pizza chain of plotting to oust him. accused him of racism to save his own job. he step down as chairman after admitting he used a racist were. poppa john -- a racist word. accusationsays the are without merit. to bloomberg at the aviation festival in london. >> is there a reset going on? if there is a reset, it includes moving forward 3, 5, 7 years out. could it produce a healthier economy without too much domination by other players? there may be volatility. in the longer-term term, it is likely to reset. i will pick it up. day in the u.s. and investors are expecting a hiring rebound for august paving the way for a september rate increase. this comes as president trump tweeted wages rose. they should mention he tweeted that. joining us now for more is carl riccadonna. the president usually tweets. tom keene took the day off. he is going to miss job say. what is he going -- jobs day. what is he going to miss? carl: i think he picked a good day to be off because august payrolls tend to be misleading. while the labor mark

the tweet inciting, the question will the board act looks like they have a papa john's john schnatter company's image. stuart: they're about to gavel that committee to order in the senate. left-hand side of your screen, that is alex jones actually talking, who was banned, or dropped from, i think it was twitter that they dropped him from, as i recall. he is the guy talking on that microphone right now. i am am not sure what he is saying or who he is saying it too. there is drama in the very early going about these tech hearings. we have not yet seen -- right-hand side of the screen that is the kavanaugh committee, where judge kavanaugh will be taking questions today, just a little bit later on. now the technology committee, that is the wrong word to use, but the technology hearings, they will be gaveled to order very soon. i meanwhile we've got alex jones popping up out of nowhere to give us some fireworks in this very, very -- liz: controversy there is that did twitter ceo jack dorsey step in to keep, to keep alex jones info wars on twitter? twitter is denying that. jack dorsey overr