travis: travis. brad: brad.ound the world with companies looking for unique designs for their products. the artists earn a royalty, the company gets some great designs, and everybody wins. it's a business with purpose, and it makes it a great fit for our company. take a minute, the three of you, and i want you to pick out designs that we're gonna launch. travis: okay. lemonis: okay? guys, there's all these, as well. stay on story. you were selling these watches for $35 retail price, and they were costing you...? travis: $5. lemonis: $5. and so if they end up costing you $10 or $11, i think that the perceived value difference between plain one and this, it's got to be $15 or $20. flex's watches used to cost them $5 to make, and they would sell them for $35. licensing printed village designs will cost as additional $5, bringing the total to $10. but it will also boost the perceived value of the watch, allowing us to raise the price of the watch by as much as $20. so that $5 investment will end up yielding the comp

travis was killed in iraq. i will tell you when i got the news that travis was killed, i was standing in front of coaches. i actually had, i was about to open the store right there will now i think it is a holiday house. i standing there with the landlord about to sign the lease on my second location. in a small business jersey. in my phone rang, it was my aunt on the other line telling me to come back to my parents house so i drove five minutes down the road and learned that my brother had been killed. it was on the day of travis news funeral, my dad told my mom if my husband into the bedrooms and said you know, from this day forward we continue on making sure that we lived to honor travis and we continue his legacy of service. we committed that day to do just that. that was really the birth of the travis nation. then a sandal of the time, we become a national veteran streaming organizations across the country but the roots of our organization are from right here in this community. to this day, what a travel a

i'm travis. this is my cousin ryan. >> nice to meet you. >> how are you?s absolutely gorgeous here. before i crack open the croxton family story, you got to know a thing or two about oysters, which -- raw, baked, or fried -- have been a part of the north american seafood diet for thousands of years. i get the scoop from tommy leggett, a marine scientist and longtime commercial fisherman. so, were they always so popular? i mean, oysters are all the rage. is that sudden? >> no, no, no. native americans have been eating oysters forever, all around the chesapeake bay. >> tommy tells me oysters were not a delicacy back then, but an everyday meal. >> when they finished eating them, whether they were raw or roasted or on a fire, they tossed the shells. and so you can find these old fossil shell piles from 1,000 years ago. >> oyster harvesting becomes a big business in the chesapeake bay -- more than 14 million bushels a year by the 1880s. the supply seems endless. >> it was a wild commodity that you would just go out and take, and there weren't a whole lot of reg

, shot in the head and dies. >> travis is down. is gone. bowie is not able to give orde p orders, probably 187 separate battles fought in this. most people could probably only see or hear the people close to them. the people on the north wall are fighting against this breach -- they have no idea what is happening at the south wall. the people in long barracks have no idea what is happening. so suddenly each person is finding their own courageou cou. small groups making their stance. or long barracks are, finally in the chapel, a series of small engages that add up to the battle of the alamo. >> the mexican army takes the alamo, executing the capture soldiers, including davy crockett. >> davy crockett was a very serious person. he had become a folk legend. some people think he was the original american western hero. santa and i felt like a peacock who had just put another feather in his back. he misread the victory. the truth is, they i may have gotten slaughtered, but they sent a message. >> according to santa ana, the slain bodies

he fought in battles with bowie. >> travis wants to go. what happens?> they start out right down here at the crossing on the river. they have some issues with some of the wagons breaking down. they decided it's not going to work. they're not going to be able to make it up there in time to help. >> whole time travis thinks they are coming. what does sam houston tells jim fannon and company to do? >> ereceiveed a letter from houston saying gather up your supplies and head east. at that point, alamo fallen. >> before vacating goliad fannon receives record that his men was pinned down. he sent reinenforcement. but men would not make the return trip. part of the men that were there was killed. other headed back towards victoria. what slows down fannon, he doesn't know what's going on. >> doesn't find out what happened. communication is terrible. he doesn't know what to do. he finally decides i have an idea. i think i will leave. this is a fortress. it still stands hundreds of years later. i'm wondering, wouldn't it been better off staying? >> once you dig in

travis took the test to become a lieutenant before being deplayed.tenant vacancies became available, he was selected by the chief and his staff. >> you have been promoted to the rank of lieutenant. [applause] >> i don't know what to say. i'm very humbled by this. thank you. >> the other quality that i would tell you about really has nothing to do with travis flying helicopters or being a police lieutenant. when you see travis interact with his wife, jessica or three daughters, literally makes you want to be a better husband and a better father. >> he's a hero because he keeps everyone safe. >> sometimes he does dangerous things. but he does it anyways to protect our country. >> i miss him. it's good he's out there fighting for us. >> i miss bad jokes. . >> we don't get to have traditions and say my dad says this on christmas. when he's here, he makes the most of us. >> he can make a joke out of anything. literally anything. >> my dad works two jobs and never complains. >> i always look up to my dad because he's very humble person and he has a gratefu

travis took the test to become a lieutenant before being deployed. had vacancies become available. he was selected by the chief and his staff. >> the other quality i would tell you about really has nothing to do with travis flying helicopters or being a lieutenant. you see travis interact with his wife jessica or three daughters, it literally makes me want to be a better husband. >> he's a hero because he -- he -- >> sometimes he does dangerous things. but he does it to protect our country and community. >> i miss him. and -- he's out there fighting the army for us. >> i miss -- and -- >> don't get to have traditions. my dad says this on christmas. my dad says it on halloween because he's not always here. but when he is here, he makes the most of it. >> he can make a joke out of anything. my dad works two jobs and he never complains. >> i look up to my dad because he's a very humble person. and he has a grateful heart. [ applause ] >> only in america, right? we do that better than anyone else. god bless the patriot. the first responder award goes to

former uber ceo travis cal leaving. wework ceo exit package could get suitor dan rogue enagsw is here to discuss that and more. "squawk alley" back after this o. so, today you're going to leave your phone with a guy named flip. (ding) but it's more than your phone, it's your business, your customer data, your sales figures. and who can forget, those happy hour selfies? not flip. (honking, gasping) this isn't working. introducing samsung business security solutions, with knox software. with the galaxy note10, you can remotely wipe data or lock phones, so your business is secure even when your phone isn't. samsung business solutions. even when your phone isn't. uh, "fifteen minutes could save you 15%ain? or more on car insurance." i think we're gonna swap over to "over seventy-five years of savings and service." what, we're just gonna swap over? yep. pump the breaks on this, swap it over to that. pump the breaks, and, uh, swap over? that's right. instead of all this that i've already-? yeah. what are we gonna do with thes

travis's voicer, was not that loud, so it codifies things already underway.aylor: did anything change for you on tuesday on this announcement? >> it ended a dark chapter. he seldom was $3 billion worth of shares. it has been an overhang on the stock. it would be awkward if he remained on the board. it speaks to uber being a train wreck since the ipo. this is the final chapter. now it is optimism going into 2020, but there is a lot of pressure. there is a fork in the road situation. when you look at uber, that is the issue right now. look at some of the issues they have faced. right now there are a lot of worries going into 2020. taylor: brad, what are some of the issues they will be facing? >> one issue is profitability. this company is losing billions of dollars. it is 12 years old. , ridesharing in north america, has slowed, so investors want to see growth in the newark geographies, also newer geographies, also uber eats. the question is can it keep growing. has put a stake in the ground and profitability is around the corner, but investors want to see it.

does travis leaving give them more room to operate? maybe.ented the legacy uber, the old way of thinking. initiatives that really don't make sense when you are dropping the profitability. without travis in the room, maybe less of a defensive voice for those long-term risky experiments. taylor: as we talk about, some of those risky experiments, i spoke with mark from rbc yesterday, and uber was his top pick for 2020. >> it is a dislocated stop, it is unpopular, failed ipo. it has the eats business that is losing a lot of money. nobody wants to buy uber. we think that the story will get better throughout the year. we think the economics are starting to prove themselves out in the ridesharing business. you heard that, dislocated stop, failed ipo, nobody wants to buy it, but that is when people come in. he has a $64 price target on the stock. 2020, what are some of the levers they could pull in the different lines of businesses they are into get to the profitability? >> it is interesting, dark taking a line from "the dark knight." basically sayin

obviously, travis kalanick was ousted as the ceo. he may feel his time is done at uber.there has been filings that suggest he is planning on selling his entire stake. as recently as november, the stake was something like $2.5 billion and now down to $500 million. extraordinary pace of sale. lisa: really quick, do uber investors care about this? care about his sales? tom: don't really seem to be affecting the share prices. share prices are down but that seems to be unrelated at the pace of sales. it seems people have baked in the idea that travis kalanick may not have much of a role left at uber. lisa: tom metcalf, thank you so much for that. speaking of big money, it's time for this week's big umber. babe ruth hit his 500th homerun 90 years ago against the cleveland indians. the yankees lost that game but his bat that day recently sold for a little over $1 million. after the sultan of swat whacked the ball out of league park, that according to newspaper accounts, ruth was the first player to reach the homerun milestone. that does it for us. reminder, you can watch us eac

travis kalanick severs his ties and uber, leaving the board selling the rest of his shares.hat is next for him and the company? regulation, legal and legislative hurdles continue, especially for overseas apps. we will hear from senator marsha blackburn on how much more needs to be done. first, our top story, and a lot of market action on thursday, specifically in the tech sector. the nasdaq closed above 9000. it has returned more than 35% -- the tech sector has now returned more than 35% this year and is on track for its best year since 2013. one of the best performers has been apple. on a point basis, apple is one of the best performers in the s&p 500. it has outperformed on a percentage basis. another high, another day, another record at tesla, $430 a -- closing out at $430 a share. tesla and elon musk have defied the shorts in the last few months and we will have more on tesla's record coming up. first, i want to look at the 2019 story of uber. the ridesharing company went public in the spring, but has faced a barrage of legal hurdles. some battles were fought over its in

travis, and at the alamo, volunteers. [inaudible conversation] >> to be surprised many, you we're outnumbered and unorganized to take over the island nation. that news was coming, general was wanted to stop the resolution before it could take root. he was ordered to evacuate. he decided to stay along with travis and also factor in one of the famous minutes time is on his command. [inaudible conversation] is freedom of death. courage is something given to every person, but most people are not courageous alone. you get courage from the people you are around. people around you show optimism. for 13 days travis news men fought furiously and fearlessly. some see over a thousand tragedies in santa anna's army. number six, was breached, texan killed from early to travis to crockett. this was to intimidate sam houston's. it didn't. 1836, weeks after the alamo massacre, the battle ledger to goliad, what's behind me to 400 men. led by jim pennant, the new they were about to be engaged. it never wanted to see this happen. once again

travis kalanick has been systematically selling his shares since november 6th.s you point out, maybe not a huge surprise here he was on course to actually completely exit his stake from the company. you remember the co-founder, former ceo of the company, he actually sold about 2.5 billion worth of shares in the company, since that lockup period expired last month he actually -- he had less than 10% of his holdings left according to public filings. not a huge surprise here but a big step, a huge milestone in for this company, the founder of this company, gets a lot of credit uber, a lot of people say, would not be where it was without kalanick analysts, bulled up on this stock, would talk about as you mentioned there some of what they refer to of the excesses of the company under his watch. probably not maybe too surprising for investors given what he's been doing with those shares, david. >> it is funny, josh, because there has been this sort of story out there for some time, certainly given the performance of the stock since it went public and what has been a p

uber co-founder travis callanick is resigning josh >> that's right.een a part of my life for the last ten years at the close of the decade, with the company public, it seems like the right moment the fill in on my business. he was also blamed for cultural problems at the company and was ousted as ceo in 2017. this news coming as he has sold his entire stake in uber, roughly $3 billion in stock. saying he was enormously grateful in his words for his vision and tenacity. back to you. >> do you have a take here on uber >> i think you look at uber and it is, the overhang on the stock is pretty much out of the way with him selling his existing stake. i think what tesla is is a barometer of risk appetite in the market when that stock rallying like it ha has. >> is it better to own a coil like lyft? less news, less noise? >> they're very different business models. lyft is focused strictly on the ride sharing that's why their share in the u.s. is very strong. uber has uber eats, all sorts of businesses that they have in the last month or so, because of shareh

he was always trying to dance this fine line with travis on the board. i would see that entire experience had to be uncomfortable. this is on that very day where he didn't go up on the podium and ring the bell. people could say -- i'm going to get laughed out of town for saying this. people saying he's got a billion dollars. what can he be sad about trust me, it doesn't matter how much money you have. just like us as they say this is as emotionally scarring as anything. when you walk auway with a lot o money, it helps cushion the scar >> and for the company, the fact that he has sold down his entire stake. he is off the board. a new year for the company to say, we don't have that stock overhanging the market every day. >> for him, personally >> look at this chart now. if you are an investor, it is trying maybe to figure out if it is in the bottoming process. >> that is like a technical thing to say the question i'm asking is that another component of this is that travis knows something about the potential and prospects where the company is going, right >

his cost basis on shares was darn low congrats to travis if it wasn't for travis, uber wouldn't existre were excesses, no question, while he was running the company, but no travis, aggressiveness, style that's well documented, that's what allowed uber to succeed. it has been great we think for drivers and consumers. i like uber as a stock here. every internet ipo in 2019 underperformed that means somewhere in there there's a reversion play i think the ridesharing business has gotten very attractive, and i think the company has a lot of options in terms of bringing eats business, either grow it to scale, profitability or cut it to profitability i think they'll do both. i think they shed assets that don't work well, probably india eats, and grow others that work well i like the asset it is out of favor there's a real opportunity for outsized gains going long uber now. >> dan, the future for these guys, do you think it is good, snapchat good or facebook good >> i think 85 is a big variable. you look now, that's a huge overhang on these stocks, combined with unprofitability and what you h

do you question travis' position on the board? that -- i am going to live in the here and now. travis has an incredible amount of historical knowledge about the company. he is incredibly bright, as are our other board members, and i use him at the board -- he's a very strong adviser, and his background on the company is incredibly useful, and i think he is supportive. ultimately, now, we are a public company, and the shareholders are going to get to pick their own board, and that governance process will take care of itself going forward. emily: so you talk to him often? dara: i talk to him usually during board meetings and once in a while offline, absolutely. emily: but, he's on the board for now? dara: he's on the board for now, and he is going to be on the board tomorrow. fast forward 10 to 15 years from now, autonomous is going to be a huge part of how people get around. it will be cheaper, it will be safer. why not invest now to make that happen? ♪ emily: let's talk about the future, then. to those who say that uber is a rides

>> it's travis. >> stephen: travis?>> stephen: and you're one of my writers? >> yeah, i write all the jokes about boobies. what even are they?? ( laughter ) >> stephen: good stuff, trav. well, trav, i'm in the middle of "meanwhile," but what can i do for you buddy? >> yeah, i was just thinking. you know, like guys do. can i have $600? ( laughter ) >> stephen: why do you need $600? >> for guy stuff. >> stephen: like what? >> i'm having my penis...winterized. ( laughter ) >> stephen: is that what you're talking about right there? >> yeah. >> stephen: and how do you do that, trav? how does one winterize a penis? >> it's painful. >> stephen: really? >> a lot of rotations. >> stephen: ariel, i know that's you. >> damn it! okay. worth a shot. well, i'm going to go take up four seats on the subway. >> stephen: travis bromanguy, everybody! we'll be right back with steve carell. ( cheers and applause ) ( band playing ) forget about vacuuming for months. the roomba i7+ with clean base automatic dirt disposal and allergenlock™ bag

verizon keeps business ready. >>> uber co-founder travis kalanick resigning effective december 31st.irming that he has now sold his entire stake in that company. in a statement kalanick saying, uber has been a part of my high of for the past ten years. at the chose of the decade, and with the company now public, it seems like the right moment for me to focus on my current business and philanthropic pursuits let's bring in kara swisher, executive editor good to see you. >> good to see you >> you expected this if we selling his stake, why would he remain on the board >> yeah. it's been a long time coming he hasn't been as involved he is running a business competitive with uber so it seemed inevitable that he would go i don't think he has a terrible relationship with the ceo but i don't think he is considered a help on the board. so as he shed those shares, it indicated that he wasn't influential at the company anymore. after spending so much time trying to keep hold of it which is ironic. i was thinking about that this morning. >> do you take any part of this as his belief or lack ther

march 6 walls breach and every texan killed from buie, travis to crockett.he first intimidate, it did not. 1836, we sent to the massacre the battle flashes here to this behind me were 400 me 400 led bm were about to be engaged that sam houston never wanted to see happen, his orders were not heeded. he hesitates and caught in the middle of an open field after brutal fighting both sides cut a deal disarm in exchange they would be allowed to live. he trusted him to hold his word and he did not. the men were marched out and executed. sam houston knew he had to give one of the toughest most unpopular orders of his career, take them in hand left in retreat. today known as a runaway scrape. >> this, he wanted to preserve himself in texas and also going information and strategy at which time they come to which we train. >> sam houston and the texas army looked at the list instead i go through that or the american border where i get more troops and rest my guys or follow that one and go to san's and gentle he knew the mexican army would be waiting, after much deliber

travis: let's be honest. trevor: stop cutting me off. travis: this is who we are! their roots...

one of them is from travis kalanick. the other one is from machiavelli.mehow they flow together, don't they? mike isaac: i think so. i mean, i tried to capture what this guy essentially stands for, right? and i really do think that travis is probably not the typical founder in the valley. he had done two different startups before and he was probably in his later 30s by the time uber came around and i think, you know, the point i wanted to get to, at least in the very beginning was he had done a--he had done at least two startups and had been betrayed by his vcs that had backed him initially and that really went to the mentality of "this is gonna be my company. no one can really take it away from me, and i'm gonna secure it for the long-haul." and initially, the vc, the venture capitalists, were okay with that until things started going wrong a little bit later and it was hard to sort of wrest that control from him. female: what's been the response from the company? mike: it's been interesting. there's a number of employees who do not like the book, just b

david: you were replacing travis kalanick.f the founders and one of the biggest shareholders, but he was still on your board. was it awkward to be the ceo replacing somebody on the board? was that easy to do? dara: yeah, i feel the same way. i am on the board of expedia. i am the former ceo. there is a new ceo who i picked who is the board ceo. being a former ceo, it is little weird sitting there and having someone else do something differently with your baby. uber feels like travis' baby. expedia felt like mine. it is a little weird. you know what? you are respectful. you get out of the way. you give the ceo support. i think travis has done the same. is it weird? yes. are we in a situation where we are respectful and comfortable and he's there for me when i need his advice? yes. david: what is the biggest challenge you see the company facing? dara: the biggest challenge we have is a common challenge with some of the large technology companies out there. there is an increasing regulatory burden coming on some of the tech compa

lauren: joining me now is the director of that, travis jake spear and travis who is featured in the documentaryring? >> i retired at the age of 30. financial independence is retiring earlier than the average of 62, so anyone that is retiring a little bit earlier could be called part of the fire movement. lauren: grant, how did you retire at the age of 30? >> basically, i worked nonstop for about five years and i saved over 80% of my income. while my friends were going out, spending their money, buying nice cars, i drove an $800 car, lived in a $700 a month apartment, and saved as much money as i could so i could get my money working for me as opposed to me just working for my money. lauren: you how did you hook up grant, travis? >> i meant grant at a conference where all these people gather. i decided to do the documentary about two years ago because i found myself in a state of financial crisis. my father had passed away. i was still $40,000 in student loan debt. and i had some consumer debt on top of they that. i ran a financial calculator and i rea lived i was in -- realized i was in really

travis: certainly.litical parties have made a strong effort to try to convince shouldes that they either take over subsidiaries or sell subsidiaries, or reduce the control they have because dual listing is unattractive aspect of the japanese market. i think some of the tax changes and some of the rules that have been put into the corporate governance code and the amendment of the code this past june encouraged companies to take a much stronger look at how they deal with subsidiaries, how they deal with minorities of subsidiaries, and ethics across holdings. analyst, right, our thank you for joining us. still to come, taiwanese stocks see the highest level since 1990, and further games could be in the cards. we will discuss the prospects heart -- ahead of the open in taipei. this is bloomberg. ♪ paul: you are watching "daybreak: asia." --thwest asia expects airlines expects to go more than max without its boeing 737 fleet. ofrepresents almost 8% southwest daily operations. clinched one has point two $5 b

from what i hear, travis's voice was not all that loud, so it codifies things already underway.aylor: dan, do you agree? did anything change for you on tuesday on this announcement? >> it ended a dark chapter. you're talking about something that sold almost $3 billion worth of shares. it has been an overhang on the stock. it would be awkward if he stayed on the board. fundamentally, it speaks to uber being a train wreck since the ipo. this is the final chapter. now for investors, the hope is optimism going into 2020, but there is a lot of pressure. there is a fork in the road situation. when you look at uber, that is the issue right now. look at what -- look at some of the issues they have faced. i think right now there are a lot of worries going into 2020. taylor: brad, you are nodding your head. what are some of the issues they will be facing? >> one issue is profitability. this is a company that is still losing billions of dollars. it is 12 years old. its core market, ridesharing in north america growth has slowed, so investors want to see growth in the newer geographies, als

can you give me a history lesson on travis kalanick and what he delivered? mandeep: clearly he was a trailblazer and created this market ridesharing. he was probably too aggressive. was on the cultural side. he did not care much about the reputation of the company that much. in hindsight, that was his mistake. even though he was focused on expansion, there were certain reputational things that probably hurt him a lot. even after the lock up, travis was probably the most in terms of selling the stock. company hadall the a hard time keeping him on the board and involved in the day today aspects of the company and on the other hand he was telling the stocks so aggressively. -- hopefully that is what this management hopes for is to change the shareholder base. right now when you look at the shareholder base, they have softbank as the largest shareholder followed by benchmark. --chmark typically exists they are not there for the long term. for a large tech company, you look across the board. you want to see pension funds, long-term investment funds as your shareh

. >> reporter: travis preston and jen mercie their flight home was canceled due to a storm home back east. >> we're flying now to boston. >> reporter: they're taking home tire chains as a souvenir after getting caught in a sierra snowstorm. >> i had to buy some chains for the rental car and drove through about 4'06" snow. >> reporter: driving in the bay area was treacherous sunday morning. windshield wipers got a work out. >> taking it slow. make sure the tires are pumped and everything's in motion, you know. >> reporter: this uber driver had some great advice for driving in the rain. >> not like this, not like this. straight on the road. >> reporter: back at sfo jen and travis are camping out, waiting for their flight back home. >> thank god for meditation, but whatever. you do the best you can. >> reporter: yeah, and she told me she's been meditating most of the day in the terminal. if you are flying out, check with your airline before coming to the airport because your flight may be delayed, hopefully not canceled. cornell bernard, abc 7 news. >>> cornell, thank you. well, it is s

taylor: dan stayed with me as we a copany cofounded by regardin travis kalanick.his week, he cut his last ties to, -- to uber, stepping down from the board at selling his shares. he was ousted in 2017 following months of chaos and controversy. he says he wants to focus on new business and philanthropic and that her's -- endeavors. i asked guests about the move. >> doesn't simplify things anymore than 2017 when travis was ousted from the ceo spot, went to the board. i guess he was the largest shareholder and he was on the board but focused on his new company, cloud kitchen. he started selling the stock in this early november after the post-ipo block expired. this is a little bit of a sort of slow moving divorce. from what i hear, travis's voice was not all that loud, so it codifies things already underway. taylor: dan, do you agree? did anything change for you on tuesday on this announcement? >> it ended a dark chapter. you're talking about something that sold almost $3 billion worth of shares. it has been an overhang on the stock. it would be awkward if he stayed

that led to lengthy delays for flyers like travis preston who was trying to get home to new hampshire. >> we left new england to get away from the snow, it's been pretty cold here. three days in california i've seen snow. wasn't expecting much of that. >> drivers also faced delays on the road. wet weather and people heading home caused congestion along several bay area freeways. >>> in the sierra snowfall is making driving treacherous. chain controls are in effect on interstate 80 between kingvale and truckee. on highway 50 chains are needed from twin bridges to meyers. you can always keep track of the weather conditions where you live with the abc7 news app. track the rain on live doppler 7 and get updates from mike nicco and the rest of our weather team. >>> an elderly concord couple is in the hospital this morning with serious issues because police say they were attacked by their son. officers ended up shooting and killing him. it happened on oasis drive in concord just before noon yesterday. police say a 90-year-old man and an 85-year-old wife called police to report their 60-year

travis kalanick will depart the uber board of directors. uber has been through a lot of problems recently, particularly dealing with city governments, also dealing with the pressure from unions, to unionize, to change the status of the drivers who are working for them. we will bring you more on that as we get it. let's see. go ahead. >> okay. david: scott shellady is with us now. how are you? good morning. merry christmas. what do you make of these spectacular shopping numbers? >> you know what, we finally have given the consumers in this country some certainty. that's a big deal, right. they feel secure about their position, they feel secure about their wages and their jobs. that's really where this is all coming from. then follow that with the fact that they all have jobs. the unemployment numbers are fantastic, as well as interest rates being so low, and that's where you come up with this rosy scenario with our economy and these markets. david: i want to get back to retail but first breaking news on uber, what do you think happens to thi

well, look, we're talking about this, and because travis kalanick is pretty much a household name wheneally gives them an opportunity to start the decade fresh. they only will have sort of the new guard that are taking uber into the next decade. and they have a pretty uphill battle, facing quite a lot of criticism from regulators around the world. and they're also still facing some internal criticism in terms of how their employees are being treated. so they certainly have a lot of work ahead of them, and this really allows them to start fresh in the new year. samir hussein in new york there. the russian government has announced that the country has successfully tested runet, a country—wide alternative to the global internet. details of what the test involved were vague but, according to the ministry of communications, ordinary users did not notice any changes. some experts are concerned about the trend for some countries including china and iran to dismantle the internet. russia also has announced plans to create its own wikipedia. the technology journalist chris stokel—walker has bee

makes us all happy, travis.ason, and travis is expected to return to the stage and the cymbal next year. if that doesn't fire your team up either. way to go, travis. >>> coming up, we have our holiday "deals & steals" extravaganza. $20 or less. we'll be right back. extravaganza. $20 or less. we'll be right back. zero commissions lity now has for online u.s. equity trades and etfs. and fidelity also offers zero account fees for brokerage accounts, plus zero minimums to open an account. and only fidelity offers four zero expense ratio index funds directly to investors. with all of those zeros, there are zero reasons to invest anywhere else. fidelity. ♪ so maybe i'll win ♪ saved by zero ♪ so maybe i'll win yes! and it's on rollback. so cool! she's going to love this. ♪ sound bar? so she can watch her cartoons in surround sound. and football. and football. you may be at increased risk for pneumococcal pneumonia - a potentially serious bacterial lung disease that can disrupt your life for weeks. in severe cases, pneu

co-founder travis colonic will be leaving the ride sharing company at the end of the year colonic was pushed out as chief executive 2 years ago amid revelations about controversial business practices he'll resign from the board of directors effective december 31st column f. also selling 90 percent of his hoover shares which will net and $2500000000.00 he says he wants to focus on other ventures including a new investment vehicle focused on real estate e-commerce and innovation in china and india. and not all thing far playout expensive the market for luxury jewelry has picked up in recent years by some estimates they grew 2 percent in 2019 some are even availing of the borrowing rate and if it is to enter the market. the train no i can spot it the connoisseur knows it immediately this stone is pricey i call the presence of the flotilla seats vs one treaty but it can be republished to be in tony's plutus on the estimate is 1.82.8000000. it's one of many pieces to change hands at sotheby's auction house this year this faberge egg from 1903 went under the hammer for just shy of half a $1

sammy anderson, lisa miller, marry travis allen. michelle anton, monte and julie roberts. >> good evening. i am mary travis. i am an elder in my community. i have been active since we were title four, about 40 years ago. our struggles continue. i was on alcatraz 50 years ago, and part of that movement was to reclaim land, reclaim a center so that we could build a cultural center, an education center, bring languages back, bring a voice to our community. i just spent a few days back on the island, and it is sad to say those same struggles still exist. i have been a participant here many times, and i identified so many issues that we have. i ask you those voices that spoke out against us where are they now tonight, the celebrities, where are they tonight? we ask that you set these priorities as your priorities, some of them have been on this list far too long. we need to do more for our community. you have a responsibility. we need to bring pride back to this educational institution to say that you have done your job, that next year w

in this case, even though travis was removed a couple of years back, it takes a wild. london is the great example. the company had its challenges with the regulators and never had a good rapport dealing with the regulators. for a company like uber, trust and reputation are paramount. that is something that both the consumers and the investors care about, because that is what drives the brand, and sustainability of the long term. guy: the other big company that made headlines is wework. is there a line i can draw with wework and uber? mandeep: wework was another example of a founder led company being aggressive with the accounting and the long-term leases that they signed. the culture of uber was not conducive to garnering a good andtation both internally externally. they were super aggressive as well. what it tells you is that the cofounder led companies need to have a handoff at some point. in terms of bringing in expert management, it is something that google did in its early days, bringing a guy like eric smith. day,nk at the end of the the cofounder led companies c

straight on the road. >> reporter: back at sfo, jen and travis are camping out waiting for they flight back home. >> i thank god for meditation, but whatever. you do the best you can. >> reporter: she told me she's been meditating most of the day in the terminal. if you are flying out over the next 24 hours, do yourself a favor. check with your airline before coming to the airport. your flight may be delayed, hopefully not cancelled. abc 7 news. >>> it is a snowy drive up to the sierra. chain controls are in effect on i-80 for those who do not have snow tires, four wheel drive, or an all-wheel drive vehicle. they are required. chains are needed from twin bridges to myers. >>> the wet and windy weather is being blamed for knocking down a well-known home in liver more. these are photos sent to us showing the branch that landed on the roof. his light show has become a holiday tradition 37 years in the making. we're told the tree limb smashed out about 35,000 of the home's roughly 600,000 christmas lights. the plan is to get to lights back on by tomorrow evening. you can always keep track

hoover co-founder travis kalanick will lead the ride sharing company at the end of the year colonic was pushed out as chief executive 2 years ago and made revelations about controversial business practices who resigned from the board of directors effective december 31st a colonic is also selling 90 percent of his shares which will let him $2500000000.00 he says he wants to focus on other ventures other ventures that is good in new investment vehicle focused on real estate e-commerce and innovation in china and india. and china is where we go right now 2019 saw the continued growth of the country's global influence despite a slowing economy china now has the largest diplomatic corps in the world reflection of its increasingly vocal protection of its own interests as well as its growing investments around the world though many of those investments are part of the so-called belts and road initiative a series of major infrastructure product projects designed to smooth trade with the nation on the map it's easy to see the new silk road as it's also known as china has rapidly been building si

we're cofounder travis kalanick will be leaving the ride sharing company at the end of the year clonic was was pushed out as chief executive of. as chief executive of the company 2 years ago amid revelations about controversial business practices who resigned from the board of directors effective december 31st plug is also selling 90 percent of his over shares which will net him $2500000000.00 he says he wants to focus to focus on other ventures which include a new investment vehicle focus on real estate e-commerce and innovation in china and india. a christmas time is critical for retailers who rely on strong sales to make up for slower parts of the year the good news here in germany is that holiday season retail figures are expected to top 100000000000 euros retailers especially the operators in smaller and mid-size stores and city centers are unhappy germans are now spending more online on sites like amazon and that has hurt the revenues of independent stores. and for more on this i'm joined in studio by business reporter jim bell who thanks for joining me these retail figures it se