. >> reporter: this video obtained by bloomberg news shows uber ceo travis kalanick swaying to the music in the back seat of an uber black car, but at the end of the ride, he also gets an earful from the driver, identified as fawzi kamel. >> reporter: kamel tells kalanick drastic cuts in uber rates hurt him financially. >> reporter: in a memo to uber employees last night, kalanick apologized, writing --

and travis kalanick, company holds itself driving operations.ecode's kara swisher and walter isaacson weigh in on that in just a couple minutes. "squawk alley" in just a few minutes. minutes. who understand where you come from know you can craft an investment plan as strong as your values ♪ know that together, you can establish a meaningful legacy with the guidance and support of your dedicated pnc wealth management® team. ♪ >>> it's a down day for the broader markets, but snap's higher in early trade by about 4%. a largely bullish wall street coverage. joining us now mark mahaney, rbc capital markets internet analyst whose $31 price target is the highest, and eric sheridan, internet analyst at ubs, more modest neutral rating on the stock. welcome to both of you. mark, i want to start with you. your $31 price target applies a 20x price-to-sales multiple on next year's expected revenue. that's perhaps within the same ballpark of what we've seen from twitter and facebook, but there have been questions about snap's growth rate especially after face

travis kalanick also says he is ashamed.wledgment follows a heated argument with one of his drivers that was caught on video. ben tracy has the story. >> reporter: this video obtained by bloomberg news shows uber ceo travis kalanick swaying to the music in the back seat of an uber black car, but at the end of tidhe ree h also gets an earful from the driver identified as vafawzi he explains that cuts in uber rates have hurt him financially. >> i lost $90,000 because of you. yes, yes, yes. you keep changing every day. you keep changing every day. >> hold on a second. what have i changed about black? >> you changed the whole business. >> what? what? >> you dropped the prices. >> on black? >> $20. started with $20. how much is the mile now, $2.75? >> some people don't like to take responsibility for their own actions. >> reporter: in a memo kalanick afollowsed writing it's clear the video is a reflection of me and i must fundamentally change as a leader and grow up. this is the first time i've been willing to admit that i need l

travis kalanick has emailed uber staff.a stark reminder that i must fundamentally change as a leader and grow up. this is the first time i've been willing to admit that i need leadership help and i intend to get it." it seems less about leadership of a company — more about not being hot—headed and rude to people you've just met and who have the temerity to disagree with you. either way, we're promised some changes. all this is in the context of extensive allegations of sexual harassment that were made by a former uber employee a couple of weeks ago. this is alan greenspan — he was the chairman of the us federal reserve for 19 years, and under four presidents. he's spoken to the bbc‘s "100 days" programme. here he is with katty kay — talking about about donald trump's speech last night. that was not a speech that was meant to be taken literally, because there is double entry book—keeping in the world, and one must ask, how do you fund of various things? there was nothing in there except some vague notions about strong econom

travis kalanick was caught on camera lashing out at one of his drivers.his was his response when the driver said that he lost money from uber's policy changes. >> some people don't like to take responsibility for their own [ censored ] they blame everything in their life on somebody else! good luck. >> travis kalanick sent an apology in a staff memo saying it is clear that this video is a reflection of me and the criticism we have received is a stark reminder that i must fundamentally change as a leader and grow up. >>> now in our healthwatch, new data on epilepsy shows children and teenagers can benefit from the same drugs used to treat adults. doctors in los angeles say the findings offer new hope for young people and their families dealing with seizures. >>> and scientists at the university of pennsylvania reported for the first time that activity in certain regions of the brain may explain why some stories on the internet go viral. doctors studying brain patterns of 80 people could predict which ne articles ended up being shared the most. >>> it is 4:

plus, travis kalanick gets his close-up, and it is not a good look.ow uber's ceo was caught on a tape handed over to bloomberg. we head over to barcelona and the annual mobile world congress. net neutrality changes ahead. first, snap wrapped up its first day of trading thursday. shares closed up 44% from its listing price. it reached a high of just over $26. it closed at $24.48. the maker of the disappearing photo app ended a long tech ipo drought. we caught up with bloomberg ipo reporter alex barinka and sarah frier. >> if you think about the range, a typical ipo you like to see 20% to 30%. this one will have more buzz baked in. plus onwas 70 percent day one. facebook less than 1%. when i look at trading and how the stock was around that $25 mark all day, it was stable. there was not a lot of swinging going on. we saw it selloff towards the end of the day, but it seemed like a decent way to go out. no one is complaining about the return for investors. >> if you look at the ipo scoreboard, facebook now almost triple its ipo value. twitter, down 10%, n

travis kalanick the rating a driver. we have been here before. decade ago, wall street was riding high and producing gosling blooms and scandals. how do we make sense of what is going on in the tech world? is the tech bubble about to burst? joining me is max chafkin who has been covering uber. richard edelman and william toan, especially jupiter "vanity fair" and author of "why wall street matters." max, i would like to start with you. one of the things that put uber in the spotlight is this extraordinarily video of released of travis in a cap arguing with an uber driver. this comes on top of the scandal when a female employee wrote a blog saying it is a sexist place to work. it is a combination of nightmares for the company. tell us about the video. max: it has been an extraordinary month for uber. you did not mention the delete uber campaign. this video came to our beat reporter, eric newcomer, it was passed to him by a driver. it is clearly a dash cam video of travis kalanick, the c.e.o. of uber, getting into a spirited debate with a driver. i

setback. >> reporter: in a video obtained by "bloomberg news," uber ceo travis kalanick is in the backng to the song. he shakes hanldss with the driver. but things get awkward when kamala accuses kalanick of dramatically slashing uber rates. >> i would -- we started high end. we didn't go low end because we wanted to. we went low end because we had to. >> reporter: he said the fare cuts have caused some drivers to loose faith in the brand. >> i lost i lost $97,000 because of you. you keep changing every day. you keep changing every day. >> hold on a second. what have i changed about black? >> huh? >> what have i changed. >> you changed the whole business. >> what. >> you dropped the price snow on what. >> you started with $20. how much is an hour now? $2.75? >> later he apologized to uber employees. he said it's clear this video is a reflection of me and the criticism we've received is a fundamental reminder i must change and grow up. this is the first time i admit i need leadership help and i intend to get it. >> this comes at a bad time for uber. they're trying to reshape their image

clearly he disagreed with travis kalanick on a lot of issues. i sourced a couple of them.as how drivers were treated, the tipping issue.he supported tipping drivers. another was safety on the platform. he had concerns about the leasing program that encouraged less safe drivers to join uber. there were a number of clear debates within the company on which they seem to be taking different sides. cory: this company is so fascinating. i'm so glad our colleague work -- wrote a book about it. thank you so much. thel to come, marc benioff, ceo of salesforce says the window for deals is closing. an extended conversation, next. ♪ mark: i'm mark crumpton. you are watching "bloomberg technology." a critical built to replace the affordable health care law, president trump arrived on capitol hill looking to sway gop congressmen either fence. or on the the president emerged from the meeting confident house republicans will get the job done. president trump: we had a great meeting and i think we will get a real winner vote.it was a great meeting. terrific people . they want a tremendous

travis kalanick. the company is a world in a lawsuit with waymo.aymo claiming uber is using stolen secrets attained by one of uber's former executives. joining us to discuss is brad stone and eric newcomer who is all over things uber. it is interesting because on one side of the equation, is it the amount of controversies and scandals? on the other side, it is about --that they are about to hire a c.o.o.? >> they brought in jeff. he was a big hire. they were going to make the ridesharing operation more marketing savvy. he was in charge of the global ridesharing operation. now we are talking about hiring a c.o.o. who will be the number two. it is an effective demotion for jones. his role never measured up to what was advertised as when he was hired. we have a statement from jeff jones who is saying uber is at odds with the beliefs and approach to leadership he had before. >> he knows where to kick them on the way out. word came out jeff jones was leaving uber. travis kalanick sent an email to employees that leaked out saying or implying jeff was lea

after uber ceo travis kalanick and announced it was looking for a chief operating officer.for the market activity, checking in on futures this morning. dallas on 17, as to 17, s&p down 4.5, nasdaq down three in the premarket. nicole, that is what is happening now. nicole: donald trump's first nominee to the supreme court, judge neil in front of the senate judiciary committee. will he have an easy path to the bench. joining us is jamil jaffer, law professor at the antonin scalia at george mason university. also a law clerk for judge gorsuch. >> thanks for having me. nicole: let's talk about the toughest questions covered today. >> look, the big questions out there or what kind of a judge will gorsuch be? will he hand it to the litigants before him and was a judicial philosophy? nicole: is often asked why he rules in favor of businesses and corporate interests. what was the answer to those questions be? >> will come if you look at his record over 2000 cases, the reality is he rules in favor of a lot of individuals and employees. case after case after case, involving black lon

the whole business. >> reporter: the driver blamed ceo travis kalanick claiming the drop in uber fares has cost him dearly. >> you know what? some people don't like to take responsibility for [ bleep ]. they blame everything in life on somebody else. >> reporter: kalanick says he had to drop prices to stay competitive but he's now apologizing and released this statement. "it's clear this video is a reflection of me and the criticism we've received is a stark reminder that i must fundamentally change as a leader and grow up." he says, "this is the first time i've been willing to admit that i need leadership help and i intend to get it." this is just the latest round of negative publicity. a former uber engineer is accusing the company of turning a blind eye to sexual harassment. kalanick has called for an internal investigation into that matter and hired former attorney general eric holder to look into the allegations. linsey davis, abc news, new york. >>> uber's recent stumbles are giving its ride-hailing rival lyft a chance to seize the moment. lyft has been pitching investors for a n

bloomberg obtained a video of travis kalanick berating and uber driver. >> you know what? >> what?some people don't like to take responsibility -- good luck. caroline: travis kalanick in an apology an enemy mail to staff -- "it is clear this video is reflection of me and the criticism we have received is a stark reminder. i must fundamentally change as a leader and grow up, and this is the first time i have been willing to admit that i need leadership help, and i intend to get it." it is the latest in a series of embarrassing incidents for the ride hailing giant. we caught up with one person to discuss. >> uber's corporate culture has been in the news ever since susan fowler wrote a pretty scathing blog post about the company. we received basically a video from a long time uber driver who is unhappy with the direction the pay for drivers has been going. have a listen. in this conversation, travis is talking to some friends about the culture and how the company is doing. have a listen. >> when you're coming up -- >> [indiscernible] >> so ryan, you have had to counsel many a ceo and

people against the travel ban did not think travis kalanick. >> does it hurt them? >> i don't know.. > >> people are always watching. >> thanks for joining us. i'm christine romans. >> i'm dave briggs. "new day" starts right now. >> this is cnn breaking news. >> we want to welcome viewers in the united states and around the world. you are watching new day. it is thursday, march 2nd. we begin with breaking news. attorney general jeff sessions did not disclose during his confirmation hearings to mewo meetings he had with the russian diplomat. sessions met with the diplomat twice in the 2016 race when he was an advisor to donald trump's campaign. >> the white house is playing this off as a partisan political play. the facts are pretty plain. meeting twice with the same russian that michael flynn did contradicts the answers that sessions gave twice during his senate confirmation hearing. the explanation from the doj, sessions met with a lot of people. refusing to recuse himself. democrats are saying he should not only recuse himself, some saying he should resign. what will republicans a

in a memo to staff, travis kalanick says he's ashamed of the way he acted in this dash cam video.ber driver who was angry about the price of rides. in just a little over a week the company has also been hit with sexual harassment claims, been sued over self-driving technology, and had one of its top executives resign. ben tracy looks at uber's latest p.r. setback. >> reporter: in a video obtained by "bloomberg news," uber ceo travis kalanick is in the back seat of a car moving to the song. he shakes hanldss with the driver. but things get awkward when kamala accuses kalanick of dramatically slashing uber rates. >> i would -- we started high end. we didn't go low end because we wanted to. we went low end because we had to. >> reporter: he said the fare cuts have caused some drivers to loose faith in the brand. >> i lost $97,000. i lost $97,000 because of you. you keep changing every day. you keep changing every day. >> hold on a second. what have i changed about black? >> huh? >> what have i changed. >> you changed the whole business. >> what. >> you dropped the price snow on what.

uber ceo travis kalanick is under fire after bloomberg news published a dashcam video of him arguing with and insulting an uber driver in an expletive filled tirade. this is driver fawzi kamel, confronting kalanick about his decision to lower the prices for rides for the company's high-end service, uber black. 97 thousand dollars because of you. i am bankrupt because of you. yes, yes. you keep changing every day. >> hold on a second. what have i changed about black? >> you changed the whole business. you dropped the prices -- >> on black -- [bleep] >> you know what? some people don't like to take responsibility -- >> at town cars? >> good luck. after the video surfaced, ceo amy:after the video surfaced, ceo travis kalanick said -- "to say that i am ashamed is an extreme understatement." uber is also embroiled in a controversy over allegations of sexual harassment. on monday, the head of the engineering department was fired after it emerged he'd failed to disclose that he'd left his previous job at google amid sexual harassment accusations. his departure comes a week after a former ub

. >>> uber is hiring a ceo for travis kalanick.uber has been hit by allegations that it routinely ignores sexual harass mnlts. he has apologized and admitted he needs to grow up. >>> starbucks has started selling coffee from beans aged in a whiskey barrel. they're aged in freshly empty oak barrels. for now it's being sold in seattle locations. >> and nike is introducing a performance key job for muslim key athletes. it will be available for next year. it's made of stretchy fabric that includes holes. the performance will come in three colors. black, gray, and obsidian. >> i love it. they look pretty cool. >> they came at the request of muslim female tleetss because it's something they really needed. >> jill wagner at the new york stock exchange. thank you so much, jill. >>> still ahead, a deportation showdown. friends rally to help a so-called d.r.e.a.m.er student stay in the country. once daily s with moderate to severe ra for whom methotrexate did not work well. xeljanz xr can reduce pain, swelling and joint damage, even without

after apologizing for lashing out at an uber driver who criticized his polls, the company's ceo travis kalanick is following through on a pledge to give help leading his company. tuesday the 40-year-old told employees he was looking for a chief operating officer a peer who can partner with me to write the next chapter in our journey. this appointment could be a game changer for the company and it's reported frat boys corporate cull cheer. >> i think it would send a signal to investors and the public if they brought in a woman as this number 2 spot. >> reporter: whoever takes the job has a tough road ahead. in the past month, the company faced the resignations of two top executives. a lawsuit from a rival company and allegations of sexism and sexual harassment by former employees. that's the claim that prompted early investors mitch and frieda caper to take an unusual step. they wrote an open letter blasting uber for its toxic and destructive culture. >> it was a shock to see an investor call out a company so publicly like that. especially in silicon valley. that hasn't been known to happen. >>

. >> reporter: travis kalanick was in an uber black, his company's high-end car service, when this driver criticized the uber founder for slashing prices and the income of drivers. >> you dropped the prices. >> on black. >> yes, you did. for $20. >> reporter: the heated exchange ends when kalanick leaves the car. >> you know what? >> what? >> some people don't like to take responsibility for -- [ bleep ]. >> reporter: the dash cam video went public and the ceo apologized. "to say i'm ashamed is an extreme understatement. it's clear this video is a reflection of me. i must fundamentally change as a leader and grow up." >> problems like this can sink a company's leadership. he's taking responsibility and showing he needs to address a problem so he's not just blaming himself. he's saying, i'm going to develop a plan. >> reporter: for uber, it's yet another high-profile problem. the company is investigating a sexual harassment claim made in a blog post by a former engineer. in january, some 200,000 deleted their accounts in protests after the company failed to participate in a taxi strike dur

then, uber's ceo, travis kalanick, says he needs help when it comes to his leadership skills. a lot more on what the president said last night, and more importantly, what he didn't say, when "squawk alley" continues. dow's up 245. 90% of the wor's largest supercomputers run on intel? that means you can taka universe of data - in your case literally - and turn it into medical discoveries, diagnostic breakthrohs... ...pi don't know whates colat is. but yes.ngulity. innovation runs on supercomputers... ...and supercomputers run on intel. you are super smart. ♪ and super bu ooh! ufo! false alarm, eyelash! >>> it is set to be the biggest tech ipo in years. snapchat parent company snap inc. pricing tonight, will be trading on the nyse tomorrow. how are we set to capitalize on snap's success? jon fortt is in barcelona. going to be a busy night, jon. >> reporter: yes, it will, carl, but first of all, a question about snap is whether it's going to have the kind of global appeal that will have to really power its growth after the ipo. so, here in barcelona, it's a great place to figure

bloomberg obtained this video showing travis kalanick riding with friends on super bowl sunday.he driver [ non-english name ] of daly city tells kalanick that he is lowering fares and it's hurting drivers like him. and this is what kalanick had to say. >> you drop the prices on black. >> yes, you did. >> $20. [ cursing. >> you know how much the mileage is? >> now what? >> what? >> some people don't like to take responsibility. [ censored ] >> they blame everything in their life on somebody else. >> good luck. >> today, kalanick apologized taking responsibility for his actions. he says he needs to grow up adding he wants, quote, leadership help. >>> today we should learn more about all the traffic on the peninsula. san francisco recently ranked fourth for the worst traffic congestion in the world. it's especially bad on highway 101. caltrans officials are meeting tonight at 6:30 to try to come up with a solution. >>> a violent storm system pummeled the central part of the united states and now it's heading east. more than 20 tornadoes are reported in five states. at least three p

>> the video was found last month and shows ceo travis kalanick in the backseat. the driver complains the company's move to lower fares has bankrupt him. he fires back saying the driver wasn't taking responsibility for his own financial situation. since that video surfaced, kalanick has changed his tone. this morning, he sent an e-mail to employees saying "this is the first time i have been willing to admit that i need leadership help and i intend to get it." adding that he needs to "grow up." thousands of uber customers have deleted their accounts in recent weeks angry about his initial involvement with president trump's advisory council and sexual harassment charges of a former employer. >> they say the two aa-- accountants responsible for the best picture blunder will not return. they say they will not be involved in any future oscar shows. the academy president also says the relationship with price waterhouse coopers is under review. collinhan mistakenly gave warren beatty the wrong card causingfaye dunaway it was "la la land" when it was "moonlight" that had

. >> reporter: just last month, this video surfaced of uber ceo travis kalanick arguing with an uber driver. the company is also accused of a sexual harassment cover-up. holding today's conference call was a good move, according to some. >> they absolutely had to do something about that and this gives them the best opportunity to reset. >> reporter: uber promises more diversity training, better communication with drivers on how they are paid, and more driver support. >> and if there's any way things can be improved, it's welcomed. >> it needs good management. and right now, we have someone standing in the way of good management who is the founder of the company. >> reporter: kalanick wasn't part of today's call and has no intention of stepping down. uber does plan to hire a new chief operations officer. lisa amin gulezian, abc7 news. >>> you may start seeing some apology ads from pg&e this weekend. their punishment for the company's role in the san bruno pipeline explosion. a judge said the ad must publicize convictions and show how pg&e plans to prevent a similar tragedy. they estim

. >> reporter: the driver blaming that ceo, travis kalanick, claiming the drop in uber fares has cost him dearly. >> you know what? >> what? >> some people don't like to take responsibility for their own [ bleep ]. >> i take responsibility! >> they blame everything in their life on somebody else! >> for town car. >> good luck! >> reporter: kalanick says he had to drop prices to stay competitive but he is now apologizing and released this statement. it's clear this video is a reflection of me and the criticism we have received is a stark reminder i must fundamentally change as a leader and grow up. he says, this is the first time i have been willing to admit i need leadership help, and i intend to get it. a former female uber engineer is accusing the company of turning a blind eye to sexual harassment. kalanick has called for an internal investigation and asked eric holder to look into it. david? >> thank you. >>> there is much maore ahead o "world news tonight" this wednesday thiegt. >>> the young nurse found dead in her home. authorities tonight releasing surveillance of a possible k

>> if you followed the company for the past seven years, one thing you can say about travis kalanick,s pretty unapologetic. he's aggressive. he's pushed into markets where operating uber was actually illegal. and it's been a real no-holds-barred approach to operating a company. so to see him say, "i have to be humble. i have to change the type of leader that i am," say real big shift for them and i'm really curious if he can actually do it at this point. >> sreenivasan: and this is also a company that is not public yet and when it goes-- if it gooz the valuations are staggering. $70 billion is currently where it's at. does this call into question, perhaps, the temperament of this individual and&whether he is the right person to run such a big, global company. >> i think that's right. almost a $70 billion valuation. i think investors as well as employees are wondering, we had this c.e.o. who got us through the really tough early phases. can this person lead us through an i.p.o., where people really want a more even keel? and i think everyone is still asking that question but it's not r

. >>> uber's ceo travis kalanick is apologizing for a heated exchange with one of his driver caught on video berating one of his company's drivers. according to bloomberg the man said kalanick bankrupted him by lowering the rate on uber's black car rides. kalanick fired back with an expletive. in a stamp memo, he said that he was ashamed. >>> thousands of websites back up and running after suffering a crippling outage that triggered widespread performance problems. amazon's massive cloud based and web services went down on the east coast for more than four hours yesterday. it's a thing that affected systems that host half a million websites including large companies like netflix, airbnb and spotify. >> all we get to do is chill instead of netflix and chill. >> no netflix. >> the former president and first lady have signed a megabook deal. the unique joint agreement with publisher penguin random house calls for the obamas to write separate books and reportedly worth $60 million. by comparison, bill clinton, you see him there, was paid $15 million for his memoir and hillary clinton got 1

travis kalanick, the ceo at uber, had basically pilfered the robotics department at carnegie mellon.ow 15 of the 40 people he has hired have left. you get a sense there is some tension there. they brought in a new boss to oversee them, without them knowing about it. he has been quietly consulting there for months, even before the acquisition. waymo has said that he was planned to be acquired all along. caroline: lucas it is a fascinatin -- caroline: it is a fascinating case. i urge everyone to spend a cup of coffee or two over this article. amazing inside knowledge on what has been going on with uber and waymo. mark berman is a co-author on that piece. in the meantime, uber drivers across the globe are fighting for benefits like overtime and paid time off. the question keeps on arriving, do the drivers actually work for the ride hailing app? that is being debated in courts. bloomberg's caitlin meehan reports. reporter: are uber drivers contractors or full-time employees? that is the battle uber is facing in courts around the world. it aims to keep its drivers classified as contractor

travis kalanick swtoing the music in the back seat of an uber black car, but at the end of the ride, he also gets an earful from the driver, identified as fawzi kamel. >> you're raising the standards and dropping the price. kamel tells kalanick drastic cuts in uber rates hurt him. >> i lost $97,000 because of you. you keep changing every day. you keep changing every day. >> hold on a second. what have i changed about black? >> you changed the whole >> on black? >> yes, you did. >> [bleeped]. >> it was $20. it started wit $h20. how much is the mile now? $2.75. >> some people don't like the take responsibility for their own actions. >> reporter: in a memo to uber employees last night, kalanick apologized, writing it's clear this video is a reflection of me. i must fundamentally change as a leader and grow up. this is the first time i've been willing to admit that i need leadership help and i intend to get it. lately the company that made it possible to catch a cab using an app can't seem to catch a break. last week a lawsuit was filed alleging uber stole trade secrets for the developme

travis kalanick swaying to the music in the back seat of an uber black car, but at the end of the ride also gets an earful from the driver, identified as fawzi kamel. >> reporter: kamel tells kalanick drastic cuts in uber rates hurt him financially. >> reporter: in a memo to uber >> reporter: in a memo to uber employees last night, kalanick apologized, writing: "it's clear this video is a reflection of me. i must fundamentally change as a leader and grow up. this is the first time i've been willing to admit that i need leadership help and i intend to get it." lately, the company that made it possible to catch a cab using an app can't seem to catch a break. last week a lawsuit was filed alleging uber stole trade secrets for the development of its self-driving cars, which uber denies. and uber recently launched an internal investigation after an ex-employee leveled allegations of sexual harassment. we asked uber for an interview and they declined. i did take three uber rides in san francisco today, all three drivers well aware of the company's problems. scott, one driver told me he think

travis kalanick is apologizing after a video of him surfaced...whe re he's arguing with an uber drivero. kalanick is seen in the video getting into a heated exchange with a driver on super bowl sunday. the driver tells kalanick that he is frustrated that the company has made pricing changes that mean less money for drivers. kalanick gets confrontational with the driver. now, he's issuing a statement apologizing for the incident saying he treated the driver disrespectfully and that he needs leadership training. the video comes on the heels of other high-profile incidents for uber. last week, a former engineer accused the company of sexism. and many customers deleted the uber app after the white house travel ban was announced and kalanick was serving on the president's business advisory council. kalanick subsequently stepped down from the council. living with scoliosis - and unable to get treatment. coming up - meet the 15- year-old boy from ethiopia who will finally get the help he's needed for áyears - thanks to a local organization. it's okay to cry, right? no more! we don't want anym

he was second in command to travis kalanick.not see a future at uber and decided to step down. kalanick was the center of the latest controversy after a tape of him getting into an argument with an uber driver. it was not favorable to him. he says he needs leadership help. the company is facing sexism allegations. it hired former attorney general eric holder to investigate. >>> leaders from the world's biggest economiies dropped a log standing free trade agreement. this happened after the first meeting with the trump administration. the g-20 issuing the statement. we are working to strengthen the contribution of trade to our economies. sounds bland. there is a very key part missing here. this phrase, which was included in last year's formal statement. we will resist all forms of protectionism. this, dave briggs, a role reversal. it shows the influence of the treasury secretary of steve mnuchin and donald trump. usually the united states is goading countries. usually the u.s. insisting you have that last little paragraph saying w

in other news: travis kalanick — the boss of car service uber — has been forced to apologise, after aring at one of the company's drivers. fawzi kamel has complained that his income was falling because of changes to uber‘s fare structure. this is the latest problem for the california—based company comes just days after it was forced to launch an investigation into claims of sexism. the company which manages the undersea rail link between the uk and france says 2016 was the best year in its history. eurotunnel says net consolidated profit reach just over $210 million, as and passenger numbers and freight traffic both saw strong growth. the company says it is confident about 2017 and this follows britain's impending departure from the european union. several high—profile websites have been knocked offline or suffered glitches because of a failure at one of amazon's major us data centres. amazon's s3 server is responsible for providing cloud services to about 150,000 companies around the world. the music streaming platform soundcloud and the popular virtual office software slack were amo

in other stories we are following today, travis kalanick — the boss of car service uber — has been forcedkalanick says he intends to get leadership help. the company which manages the undersea rail link between the uk and france says 2016 was the best year since its 23 year history. eurotunnel says net consolidated profit reached £169 million as passenger numbers and freight traffic both saw strong growth. in a worrying reflection of the home health care market the outsourcing firm mitie, is selling its home healthcare business for just £2. the buyer is a private equity firm. it will also receive £9.a5m from mitie to fund the business's trading losses. irn bru maker ag barr is to cut the amount of sugar in some of its best known brands, ahead of a government crackdown on the fizzy drinks industry. the company says more than 90% of its portfolio will contain less than 5g of total sugar per 100ml by this autumn. the uk government plans to introduce a levy on sugary drinks in april 2018. let's look at the markets. the pound has slipped slightly on the dollar after those manufacturing figures

uber ceo travis kalanick admits he needs leadership help.an argument about company affairs with an uber driver who recorded the incident and give it to blaber. >> you know what? some people don't like to take responsibly furth for their --. good luck. taylor: callan excess he has apologized -- travis kalanick says he has apologized to the driver. it's the latest incident for uber. many uninstall their accounts kalanick ended a strike protesting contraband. -- trumps ban. no details were disclosed, but the deal is likely to be in the tens of millions of dollars. the obama's plan to donate a portion of their earnings to charity. that is your bloomberg business flash. francine: coming up shortly, it is bloomberg daybreak: americas. i know you're excited about skype. bridge. the: theme is the president of the united states making a lot of headlines. the new york fed made the most news and recalibrating the odds of a hike from the federal reserve, but we look to france . another twist in the french election. tom: i look at the french election and