tom: stephanie flanders and steven wieting. futures up nine. ♪ ♪ viviana: this is bloomberg "surveillance." tiffanyry jewelry chain is teaming up with asia's richest man to form a joint venture to open stores in new delhi and mumbai next year. they are targeting the second largest gold market. hedge funds the most bearish since 2016. bear stearns is stepping up demands. software and biotech shares are the most popular and commodities are liked the least. and signaling and easing the price war with uber. higher fares will help it shrink losses for the year. second quarter revenue was better than expected. it's net loss declined. francine: sticking with the ride sharing industry, uber to report later today, strategists questioning whether it's numbers will be met with the same enthusiasm. there are so many skeptics about uber and lyft. did the numbers win over the skeptics? mandeep: i think so. the data around supply demand and the differentiated level of service they can offer with respect to uber can help them drive the pricing