if i deal specifically with the case that tfl has cited, it related to 43 drivers who had come on thexploited a vulnerability which allowed them to swa p vulnerability which allowed them to swap their photo with a friend and then for the friend to drive on uber so then for the friend to drive on uber so what that meant is as soon as we discovered it, so we discovered it and notified tfl immediately, so we we re and notified tfl immediately, so we were the ones who notified them, and for every single one of the 43 drivers, we stop them taking trips on the app and then we implemented a technical fix that closed the vulnerability that exists in the first place. you are confident that can't happen now? and then one more thing, we did a complete audit of every single driver in london to make sure that all the documentation was fixed and applied so i'm co mforta ble was fixed and applied so i'm comfortable that the issue that we had back then was exploited by these 43 drivers couldn't come up again. turning out to india whether supplier to apple is investing almost 280 million us dollars in

our cheated btec can now be sent to tfl to get that cab driver licensed.s this? we heard reports of similar fraud in other places. and tfl now say that as a direct result of bbc london's investigation, 1,667 applications are now on hold. vista training solutions said they were shocked and are launching an internal investigation. they said managers gerti, kamili and abdalla who ignored us when we got in contact aren't working for them any more. the question is, how many other fraudulently obtained licenses are out there? guy lynn, bbc news. and viewers in the capital can see more on this story tonight on bbc london news at 6.30 on bbc one. and for viewers across the uk — the full inside out investigation will be available on the iplayer later this evening. britain's lewis hamilton says he's ‘flying super—high' after closing in on an all time f1 record. he sealed his sixth world drivers' title with second place in the united states grand prix. it moves him to within one championship of all—time record—holder michael schumacher. our sports correspondent joe w

and tfl need to get a grip on this.bdullah, who ignored us when we got in contact, aren‘t working for them any more. but we finally caught up with gertie. hi, there. can you tell me why you have been arranging qualifications for cash? not me, mate. you have been arranging qualifications for cash. we have got you secretly recorded doing it. why have you been doing it? not me. it‘s not you? no. so who is it we have got secretly recorded? not me. the authorities will be pretty interested in having a chat with this man. the question is — how many other fraudulently obtained licences are out there? you can see more on that investigation on bbc london at 6.30pm and 10.30pm tonight — viewers around the uk can catch up on the iplayer. bigger and taller mobile phone masts could be built without councils‘ permission across the countryside, under a proposed overhaul of planning rules in england. it is part of government plans to speed up the roll out of 5g networks and improve mobile coverage in rural areas. janye mccubbin reports

the mayor has blamed it for congestion and tfl said again today they were not fit and proper.s transport for london didn't give uber a new licence was that it found in 14,000 trips the driver was not the same as the one showing on the app. uber says the decision is extraordinary and wrong and it intends to appeal. uber is the most popular raid hireling at although —— right hailing app. it's not convenient at all. it will be slightly inconvenient, i think so, yeah. blackcap groups have held many demonstrations over the app. they say they feel vindicated. you have no idea who the driver is. he hasn't had a criminal record check, he could have got out of prison this morning. we don't know because he is not checked. uber have allowed him access to your family and you. if anyone thinks they are that is correct they are barking mad. this is all about safety and they have done the right thing. the mayor said it was about protecting londoners. there will be at least 14,000 journeys where unauthorised drivers have been driving people across london. these are people who if you are an ub

and tfl need to get a grip on this.y caught up with gertie. hi, there. can you tell me why you have been arranging qualifications for cash? not me, mate. you have been arranging qualifications for cash. we have got you secretly recorded doing it. why have you been doing it? not me. it‘s not you? no. so who is it we have got secretly recorded? not me. the authorities will be pretty interested in having a chat with this man. the question is — how many other fraudulently obtained licences are out there? you can see more on that investigation on bbc london at 6:30pm and 10:30pm tonight. viewers around the uk can catch up on the iplayer. bigger and taller mobile phone masts could be built without councils‘ permission across the countryside, under a proposed overhaul of planning rules in england. it is part of government plans to speed up the roll out of 5g networks and improve mobile coverage in rural areas. janye mccubbin reports. from 1g, we have whizzed through the ages to... ta—da...5g! with signals already beaming into

there's a lot of concern from tfl over passenger safety so they want to guarantee that level of safetyms of their dominance in london, uber is the dominant player by a long way, it has been working in london for a very long time. what do you think would happen, if this license is extended, we've mentioned some of the other players who are keen to get that market share. absolutely, and we have seen this happen another country. uber has tried to expand into other markets and it is come up against domestic competition, especially in asia, china, singapore, where it ended up selling its operations to the local player because they were so entrenched so it's very possible we could see the same happen in london. from a business model point of view, uber continuing to make pretty big losses as does its biggest rival in the us. in terms of the long—term viability of companies like uber, what are we thinking? difficult, because they are only going to face more and more competition. they are investing an autonomous driving and so other big carmakers. you just talked about bmw, it's likely that ca

there was a similar decision from tfl in 2017.cisms and ultimately the court decided it should have a licence. on the one hand it's quite an extraordinary decision. their ceo tweeting today it's wrong, the decision, darius chris chelsea says it's wrong and over the last two yea rs it's wrong and over the last two years the company has fundamentally changed how it operates in london. on the one hand you could say this is authorities in london taking on a tech giant, holding them to account 01’ tech giant, holding them to account or you could say this is tfl passing the buck on a very controversial decision. if transport for london gra nts decision. if transport for london grants a licence to uber it won't go down well with a lot of taxi drivers in the capital. ultimately if tfl revoked the license, or that it comes down to the court, that would be very unpopular with millions of people who use it. ultimately the courts will decide. thank you. the cricket authorities in new zealand are to apologise to the england fast bowler jofra a

when we get news from tfl we will make sure we update you. take a look at some of the other stories making the news here's a business story with a bit of sparkle. the world's biggest luxury goods company lvmh is buying tiffany & co for more than $16bn. the us—based jeweller has suffered falling sales in recent years hit by a strong us dollar and drop in tourist spending. it's the biggest luxury goods deal in history. frozen two has raked in $127 millon dollars over its opening weekend at the us box office. the sequel to the disney hit beat forecasts and the box office debut of the original movie. the sequel also set a november record for an opening of an animated film. worldwide, it generated over $350 million over the weekend. tesla has received almost 150,000 orders for its new pickup truck boss elon musk has said, despite an embarrassing hiccup at its launch. mr musk was caught out on stage when the windows of the cybertruck shattered during a demonstration supposed to show their durability. going back to the frozen story, my kids went to

uber said it has already fixed one of the main problems that tfl had with the app in the first place. but we will probably have to wait until the spring to get any answer from the courts. taylor: uber ceo dara khosrowshahi responded, saying, we are held to a high bar as we should be but this decision is just wrong. over the past two years, we have fundamentally changed how we operate in london. we have come very far and we will continue going for the drivers and riders who rely on us. london mayor sadiq khan said much more needs to be done in regards to safety. mayor khan: i am keen for london to be a hotbed for new technologies, businesses, but uber passengers safety has been compromised. taylor: for more, i want to bring in bloomberg technology's eric newcomer. uber says they are a technology company, so walk me through how the technology of this app left allowed those vulnerabilities? eric: drivers were able to get on the platform even though they were not the right driver or properly licensed. rides with a driver who should not be giving the ride. that is a big concern for them. t

we'll soon introduce a new facial recognition process tfl is extraordinary and rong and we will appealess 21 days between now and then they can continue to operate. they have 45,000 drivers here in london 3.5 million passengers it is the largest market for the company in europe, dom >> so you have given us the numbers on just how popular it is is there any sense about whether or not this kind of a ruling will have an impact on the riders who use it? will it have a dampening effect this negative pr with folks saying maybe i don't want to ride uber because of all of these issues it has given what's happening with the transport authorities there? >> you know, i haven't seen the detail numbers over the last few months since this process has been going on where they're trying to upgrade their processes around driver security in terms of what's come out today, you would have to think that people getting into an uber like to know the person the driver is who they're told it is and that person is insured if they're not insured that puts you as a passenger at risk that's got to be something tha

or trance fort for london is actively considering a ban on the ride hailing giant tfl first suspendedlicense in 2017 over concerns of public safety. it has twice granted the company temporary license expenses. >>> elon musk says the cyber truck received 200,000 orders. the electric car maker ceo boastfully tweeted a number of figures following the vehicle's botched unveiling last week. the launch involved his top design engineer twice shattering the truck's side window while masked with attempting to display quite how durable the materials involved were. shares in tesla dropped more than 6% after that event the vehicle starting price is 39,900 u.s. dollars. you want to get in touch on any of the subjects we talked about or follow us on twitter. you can tweet me directly. >>> coming up on the show, after scrapping the road shows in u.s. and london, saudi aramco is looking to attract investors who are closer to home we'll go out live to my colleague hadley gamble in abu dhabi for the latest at cdw we get there are threats wherever your people go. so we create a customized solution using

for north and northeastern eu who said this was an extraordinary decision by transportor london or tfl and, of course, they have 21 days to appeal. in order to push that appeal ocess through, they will have to show thsorted thisssue out one and for all for the 3.5 million users of the ride-haping 45,000 drivers who could soon be out of a job. for "nightly business report," london. >>> still ahead -- a wave o homes cou hit the market when baby boomers decide to sell and thatould have big impact on some local economies. ♪ >>> american farmers are receiving a new round trade aid before thanksgiving, as an end to the u.s./china trade conflict remains elusive. but not all of that money is heading directly to the heartland, thanks to some loopholes. >> reporter: between highway urban row house.dium sits this a single family home and headquarters of rld enterprises, which federal records show received $18,000 in farm aid this yea thatresidence, this post office box, and a town house in upscale georgetown, are amid dozens of llc. dntown addresses and thousands natio that received a cut of the

tfl says it is mythological, but also there are some pretty serious failings here.ed drivers. so, they were not insured, their safety was potentially at risk. our transport correspondent tom burridge sat down with jamie heywood from uber. 43 drivers who had come on the app and had exploited a vulnerability that allowed them to swap their photo with a friend, and then for the friend to drive on uber. so, we notified tfl immediately, we then implemented a technical fix that closely vulnerability that existed in the first place, and then we did a complete audit of every single driver in london. i am comfortable that the issue that we had back then that the issue that we had back then that was exploited by these 42 drivers could not come up again. this decision could have ramifications elsewhere. it's already faced questions about driver conditions and passenger safety elsewhere. this map shows where uber has already been banned or partially banned across europe including in denmark, germany, france, portugal, italy, hungary, romania and bulgaria. and this decision may

sometimes we also come up with our own ideas and tfl supports as in implementing them. is your price point different from uber? mariusz: yes, we are slightly less expensive. nejra: thank you for joining us. the final throes, donald trump says phase one of the trade deal is near completion. next.ng you the latest, plus, incoming european commission president ursula von der leyen, as her team faces confirmation votes in parliament. don't miss that conversation after 3:00 p.m. london time. remember, if you are a bloomberg subscriber, you can interact on gtv . this is bloomberg. ♪ ♪ hey. hey. you must be steven's phone. now you can take control of your home wifi and get a notification the instant someone new joins your network... only with xfinity xfi. download the xfi app today. nejra: good morning from bloomberg's european headquarters in london. i am nejra cehic. donald trump says phase one of trade talks with beijing are near completion, but the fallout continues as china's economy shows a continued slowdown. .n the u.s., solid growth british carmakers say the next

uber has a two-month license with tfl, which is a huge risk for the markets and certainly a profitablene >> i want to broaden this out a little bit there have been high profiles. many of these companies are actually loss making does that mean so long as a company is not profitable, it is not a buy? is it that basic >> it should be a far greater degree of skepticism for all of these high-profile investment banks. they've done it time and again uber and lyft are the latest examples you've had the banks lined up to bring wework to the market that's been a big wake-up call all of these investment banks still telling you to buy uber today are telling you the client for them is the company, not the investor >> there is always the one amazon you are going to miss amazon was loss making for years. >> it was and it was also a company that had a much lower market cap for many years. it took a long time for those businesses to season themselves. what you find now is much younger, less experienced businesses coming to market and burning cash at a greater rate that amazon ever did >> we'll have to

and delays on tfl rail.c on the blackwall tunnel, slow from the woolwich road flyover, as expected from this time of morning, to be fair. in southwark, borough high street remains closed between southwark street and union street for work to the water mains. what does the weekend weather have in store for us? let's have a check of the weather with kate kinsella. good morning. a chilly start but temperatures above zero so it remains frost—free. some outbreaks of rain through this morning, and yes, it still remains cold. some patches of mist as well, especially around the home counties. at least outbreaks of rain are coming on that north—easterly breeze, quite a fresh breeze, actually, throughout the day. so that will feel cold and then heavy rain as head through the afternoon. temperatures between 7—9 celsius. factor in the wind and it will feel colder. we still have outbreaks of rain overnight, turning lighter and patchier, though, as we head into saturday morning. clear as well and developing further south,

tfl says the money is invested to improve the network.and says the theatre is now safe. it will reopen for performances today. one of the most important artists and filmmakers, working today, steve mcqueen has a major exhibition opening at the tate britain today. he‘s bringing together school photos with a difference — 3,000 of them to be exact. the aim is to reflect london and over the last year 75,000 year 3 pupils across the capital have had their picture taken. the hollywood director explained what the children should take away from the experience. that they‘re important. they are, you know, on the walls of tate britain. and that they are important. and they‘re notjust important within their school, they‘re important within the broader, wider environment of london. let‘s take a look at the travel situation now. 0n the tube, problems on the picadilly line, which is suspended between rayners lane and uxbridge which is down to significant leaf fall. 0n the trains, there is a revised off peak timetable for southeastern this week. choose o

tfl said this morning that uber made a number of positive changes over the last couple of years, butoftware needs to be improved to prevent abuse. as long as uber can fix the software, may be influenced new security measures, maybe that will appease tfl and it can get its license back without further hassle. alix: thank you. really appreciate it. when i was in florence last year didn'tiness, uber operate in the city, and i was literally like, how do i get around? coming up, tiffany will noble onto the man who owns louis vuitton and don perrin on dom perignon. this is bloomberg. ♪ viviana: this is "bloomberg daybreak." billionaire investor carl icahn trying to seize control of occidental petroleum's board. icahn plans to nominate a slate of 10 directors. his stock is valued at about $10 billion. he's unhappy about the company's $37 billion takeover of anadarko petroleum. since interest in anadarko was first reported, shares have fallen 41%. alibaba says the retail portion of its hong kong ipo was oversubscribed 42 times. on tuesday, shares begin trading. china's largest company expect

they thoroughly disagree with what tfl have said and that they will appeal.icense while they sort out these problems. they are appealing, the details will be aired at that appeal. are uber saying fundamentally it is no longer possible for trips to be taken with uninsured drivers, what i have read is that the latest was three weeks ago? uber disagree, saying they have audited and strengthened their processes . audited and strengthened their processes. there are suggestions that the business has technical problems that have been phased out. uber disagree with tfl and it was during that process that we will learn what is going on. thanks china has reitterated its support for hong kong‘s leader carrie lam, following local council elections, which saw pro—democracy parties make huge gains, with voter turnout the highest in the territory‘s history. the councils only have limited powers, but the result is being seen as a clear verdict on the way the authorities have handled more than five months of anti—government protests. chinese state media had urged voters to us

major changes needed to the apt is goinge tfl and that to take some time.s the chief executive chain -- tightened up safety for uber? >> he has made huge strides. that is evident from a writer's perspective. just the amount of information you now get in the app. a lot of these discoveries, these unauthorized rides and drivers that you mentioned just now, this is emerging quite late in the review process. it will come to quite is -- it will come as quite a surprise to uber as well. this is not just specific to uber. there are other users of apps like this and it could be well that we see these other companies being looked at as well. electricll give the taxicab i took in london last time i was over. it is exquisite. an uber killer for sure. there are many other stories today, including the secretary of navy. it changed hong kong. there are new headlines at this -- theof the university polytechnic university where there will be a discussion, where they will persuade protesters. we will have much more on that next year. hong kong after a historic election. thi

case they are still operating in london and we'll see i think if you read the press release that the tfl put out, in every other sentence they were saying how they were pleased with what uber has done but they weren't getting the full creditability required to give them a 15-month license. i think work is this is a work in progress. >> both companies have cited increase does this make uber more competitive, less competitive. how should we think about the dynamics in the space overall? >> that's the question questiken it was dramatically better on one metric that's the most important. effectively how much uber keeps out of the gross bookings. the model is extremely, extremely sensitive to that. it's literally or a couple hundred basis point s a billion tlars to the bottom line you saw an improvement there you also saw an improvement in europe which is what caused management to say, we're going to turn profitable into 2021 when most of the street had been turning profitable between 2022 and 2023 i think generally the outlook for uber from the profitability stand point will indicate they ar

it's now been used to update tfl's journey planner app.d, haven't said what action was taken against the driver. let's take a look at the travel situation now. first the tube — and that is all looking good — no reported problems on any of those lines there. there's been an accident on the m3 — two lanes are closed — and traffic‘s slow as a result northbound from junction 3 to the m25. there are some works slowing things down in wandsworth — the a3 west hill is closed out of town from upper richmond road to sutherland grove. and in edmonton, meridian way is closed northbound from conduit lane — also for works. now the weather with kate kinsella. good morning. it's a chilly start out there this morning. the cloud and rainfrom out there this morning. the cloud and rain from last night cleared and the temperature dropped. so a much colder start this morning with, however, some bright and some sunny spells. so enjoy the sunshine this morning, it is fairly crisp out there. we will start to see the cloud increasing as we head through the afternoo

they have apologized, tried to make things right, but the technology still isn't working for them the tfl cited 14,000 unauthorized and uninsured trips, and that is a big problem for uber. >> it certainly is does it change morningstar's view on the equity you guys have been bullish it's been a very difficult story for investors. this could be a gigantic blow for a company that's already under attack on a couple of levels >> it could be, but we think the chances of that are pretty slim and to answer your question, no, it actually has not changed our bullish view we still value it at $58 a share. let's take this into consideration that it's still pretty much a new market out there when you're talking about ride sharing yes, they've been around for a while, but the adoption of that, whether it's on the consumer side or whether it's on the legal side and/or the cultural side will continue to take time. and during that time, of course, there's going to be additional adoption and/or adjustments required by the company, especially uber. so we think with more patience for some patient investors,

in denmark, germany, france, portugal, italy, hungary, romania and bulgaria.uber‘s ceo tweeted: the tflged how we operate in london. with me is technology researcher stephanie hare. so, is the ceo right? the ceo in london. is this a historic problem oi’ london. is this a historic problem or do you think it is a recurring problem? what we know is uber has taken many steps since they first had their license suspended two yea rs had their license suspended two years ago however, the guardian newspaper was reporting today that the most recent offence was found only just three weeks the most recent offence was found onlyjust three weeks ago and it seems as though transfer for london had not been fully aware of these fraudulent drivers who have been driving unlicensed and uninsured. that is an issue on top of all the other issues that uber have had with women 01’ other issues that uber have had with women or people of colour feeling threatened or disconnected again so it isa threatened or disconnected again so it is a big headache for. they will clearly appeal, they said that you anything the

central european peasant, even a person of more means in the 17th century during the 30 years war, tfls no picnic, i can tell you. so not that ireland was uniquely oppressed, but there was a bit of a difference in ireland in the sense that there was a religious distance between the ruling class who were essentially protestant, church of ireland members, and the majority of the population who were catholic in religion. that religious difference became a deciding -- a dividing line in ireland that has really plagued us for the last several centuries. so in any century in all that great tradition of gaelic civilization went into deadline in the 18th century. and you have this catholic/protestant divide, ruling class being protestant and the bottom of the population being catholic. of course, the best example of this would be daniel cohen historicohen's family. brought about the first great reform in the parliament. his family was very well to do merchants in kerry. but that required a certain amount of keeping your head down, not attracting any negative attention from the authorities and b

. >> to what extent because of that history with london and tfl before on first glance do you wonder whether it could be something that london is overreacting on. you dive into it, it doesn't feel that way. to what extent is uber short-sighted with dealing with regulators globally, if a regulator says you've got to address this and they fail to do so, is that not a major problem around the world >> it can be if you've been to london you know that they take their -- >> i have been. >> have you? >> london definitely takes things to the next level but certainly if this is happening in new york or any other city, i think those regulators are going to take a look at this as well and they need to be. >> they have face recognition technology coming out. isn't that going to make this a moot point at the end of the day? >> i don't want to say it's going to make it a moot point. maybe at some point. the problem is what happens until we get there yeah, i would expect at some point they'll get their license, they'll be able to operate there fully, but what if this takes six months to clear up it

the mayor of london, sadiq kahn, weighing in i support the decision by tfl, transport of london licensing in relation to uber and completely understand why this decision was taken. keeping londoners safe is my absolutely number one priority. however, the plot thickens several reports surfaced reaction in the news, pointing out that anti-uber unions contribute ad significant amount to sadiq kahn's election campaign. they are wondering why uber might be singled out. david a lot of questions remain unanswered. david: that is an interesting question, susan. >>> mike the situation tore sorrentino is coming up in an interview. ♪ we made usaa insurance for members like kate. a former army medic, made of the flexibility to handle whatever monday has in store and tackle four things at once. so when her car got hit, she didn't worry. she simply filed a claim on her usaa app and said... i got this. usaa insurance is made the way kate needs it - easy. she can even pick her payment plan so it's easy on her budget and her life. usaa. what you're made of, we're made for. usaa ♪ oh, ho! oh, ho, ho, ho! y

in particularly, 14,000 rides at least, according to tfl, made by drivers who were not the drivers thather i imposters if you like, uninsured an unlicensed and, uber they say has been warned about this. they're not doing enough, taking enough measures. it will be appealed. they have 21 days to do that. they will appeal. some of the numbers, how many, 3 1/2 million riders in london. 45,000 licensed drivers in london. that is a lot of people. stuart: could call a halt to the whole lot. susan: not a lot to uber's global business. ashley: biggest in europe. susan: 3% of booked rides. will it hurt a little bit? yes. but not a big hit. ashley: a lot of people in london say they can't afford the black cabs. they're more expensive. stuart: check the big board. why don't we do that. we're up 145 points, back above 28,000. yes it is a monday morning thanksgiving week rally. >>> quickly this one, t-mobile, sprint, settled with the texas attorney general. they will withdraw from the state antitrust lawsuit. the ag'ses office says that agreement will have it. mobile commit to build a 5g network thro

and tfl transport for london for travel updates.round.". that is a statement from the mayor of london, sadiq khan. there has been a metropolitan police tweet about the incident in which they have set a number of people have been stabbed. we will provide further information when possible. just to repeat that tweet from the metropolitan police. a number of people have been stabbed. there we go. we will provide further information when possible. so we are waiting for that statement, a further update on the stabbing attack from new scotland yard. in the meantime, car when bosh was on a bus on the bridge when the incident occurred. so, i was on the bus coming south bound over london bridge. we had just pulled away from the bus stop when the bus came to a sudden stop because they were people running across the bridge into the road. they were looking over their shoulders and filming behind them. it looked like there was a fight going on. that there were people hassling with each other. then you realised it was police wrestling with one tal

tfl made a similar decision back in 2017.ut passenger safety and security. in the period of time it took from that decision to it actually going to the magistrate to make a final decision on whether to give a new licence to uber or not, it addresses issues and therefore the magistrate in 2018 did grab uber a licence. it is quite possible this will go to court and the magistrate will go to court and the magistrate will find in uber‘s favour and they we re will find in uber‘s favour and they were still get a licence but it is possible they will not. quick update on the second cinema chain which has pulled the film blue story after a brawl in birmingham at the weekend. vue has banned the film and showcase has dropped the movie and we have had a statement from vue. they say the decision was not taken lightly. it is the film opened in 60 of our sites across the uk and ireland on friday but during the first 2a hours of the film, over 25 significant incidents were reported and escalated to senior management in 16 separate cinemas. t