fund the development of this uber alternative with the proceeds of its investments in uber. i'm sure the folks at uber don't get a lot of satisfaction out of this statistic. it has been an enormously successful thing for uber ventures. perhaps it was difficult to see how in 2013 other companies would end up really intersecting in their strategic visions. it brings to mind the previous enmities between apple and google, where eric schmidt from google -- i don't think there is the same level of animosity here. steve jobs is famously furious about that. these two companies, i don't think you can put them in the friend camp anymore. >> what about the concept of owning the app? it's all about the icon you press to get the information or service you want. if google has its map and search function in most every phone, it doesn't require much thought to expand that to, pick me up on the corner. it doesn't matter what you are driving. i don't care if there is a driver in it. >> that's an excellent point. google occupied such a strong position here. uber, lyft, all the ride sharing co

speaking of uber, had trouble hailing one lately? maybe you are not uber nice. tonight, julie watts shows us the app's secret rating system and what it takes to get blacklisted. >> reporter: emily relies on a 3:00 a.m. cup of coffee to get her going and a ride by uber to get her to work by 4:00. but that ride became less reliable when they stopped picking her up. she thought there was something wrong with her app at first. >> 15 seconds to air. >> reporter: then, she soon discovered she couldn't get a ride because some uber drivers thought there was something wrong with her. >> i asked a driver what was going on and he basically told me i had a really low uber rating. under three out of five. >> reporter: like many, she had no idea uber drivers rate riders and decide who to pick up based on that score. >> you know what your rating is? >> i have no idea. >> i don't know what that means. >> reporter: not surprising since riders can't see their score unless they ask an uber driver. uber says feedback is a two-way street meant to curb disrespectable, threatening, or

uber is rolling out an insurance plan to cover uber drivers when they are not ubering.s a business from -- so far from actual data. what are the problems with uber drivers getting insurance? >> many drivers now can tell their current insurance provider that they are driving for uber. you're not allowed to drive as a taxi, so what this does is it provides coverage -- >> so there are a lot of drivers out there not telling their personal insurance carrier said the lincoln town car i drive i'm using it for a limousine service? >> you make it -- you may get your insurance canceled on you. that's a big problem. a lot of drivers live in fear of that happening. that is what these policies do. >> one of the things you guys are known for is sticking something in the car to see when it is in used and figuring out what your risk profile is and then selling insurance priced on the result. >> we have a committee -- >> this sticks under the --? >> it plugs into the diagnostic board and sends back the number of miles you drive stop we are using the number of miles you drive and this is

uber isn't the only one interested in self driving cars. anthony foxx there with me yesterday taking a look at the autonomous vehicle. he took one for a spin will talk to us about the future of transportation and help us imagine the next 30 years of transit in the u.s. you can catch us streaming on your tablet apple tv, amazon fire tv -- we are there. ♪ >> this is "bloomberg west" and i'm cory johnson. shares of petrobras at the center of the world ever largest corruption case are rallying today. there are reports the brazilian president is seeking candidates to replace the ceo. they are being investigated for taking bribes stop fitch just put their ratings and a triple be negative and warned at a for further cut to jump. more than 5358 people have died since mid april fighting in eastern ukraine and the numbers getting worse. tuner 24 civilians killed in the last three weeks alone is fighting between pro-russian rebels and ukrainian forces shows no sign of abating. using the dna of three people to create a child -- u.k. lawmakers are just

uber and lift argue their technology platforms providing services to drivers as well as passengers. in los angeles, an uber driver who asked us to withhold his name said he's spending $80 a week on gasoline $30 a month on car washes and $300 a year on maintenance. his reimbursement on those costs alone could near $5,000. he may be an independent contractor but feels like more of an employee as he claims uber has control over the jobs he accepts. >> what i really feel as an employee given that uber controls everything i do from where i go to how i can look and how i can talk to people. and every job that i take i'm forced to take even if i lose money on the contract. otherwise, i'm fired. so in that way too, i feel like an employee because i'm not given a choice as to what my duties are. >> reporter: not all drivers are pushing for benefits. brooklyn based lift driver robert henderson said he likes the convenience of being an independent contractor although admittedly he receives health insurance through his wife. becoming an employee would change his outlook. >> it's an obligation.

>> you will see the uber for this or that.as that are a fraction away from something else on the dial, that is a bad sign. i think anything that is too close to the big thing might be something the big thing does one day. so it's another way of saying look for things that are universally different. >> you are on uber's board, an early investor. how did you get into the deal? >> i met with brian and travis before they raised their seed round and cannot convince my partner. then we watched it 6, 9 months. then we ran in and did what we could. >> and then they were convinced. >> yes. the thing that separates the return of the best firms is the single company that goes forever -- the googles, the facebooks of the world. >> you have not sold any shares of uber? >> no, and neither has travis, which i think is interesting. >> how big could they could become? >> when we made the investment, it appears that uber, with its convenience and price points, will be competitive at some level against the first thing is rental cars. we are now

that's why we're announcing uber ai. >> hi, uber. >> what's up, bro? >> what's up?> uber ai is programmed to do everything a physical driver used to do. like offer you water. >> you want water? >> sure. >> should be back there. >> play loud, annoying dance music. >> ooh! uber, can you turn down the music? >> aye. >> complain about how uber used to be better. >> uber used to be better because they take mustache. their price go down, down, down. they say they no do -- >> and of course, spray offensive cologne in the air. >> you like? it is very good, from cvs. >> the new uber ai, with all the little water bottles, bad music and cologne you'd expect, without him. [ applause ] >> jimmy: i like him. very sad. poor guy. he lost that and his radio shack gig all in the same week. february, as you probably know is black history month. president ford officially announced it in 1976. since then a lot of change, mostly for the better. not all but mostly. and i thought that would be a good area for tonight's pedestrian question. so today we went out on hollywood boulevard and as

. >> blacklisted from uber? we uncover how drivers are rating you and why you may be left waiting. >> weather pattern is screaming july, not february. over my shoulder is a marine layer. for the fourth straight evening it's moving into san francisco bay. we'll talk about how long it sticks around and we are getting mixed messages about the long-range outlook. will it rain female announcer: through sunday, save up to $300 on beautyrest and posturepedic. even get three years interest-free financing on tempur-pedic. and of course, free same-day delivery. but hurry! sleep train's presidents' day sale ends sunday. >>> a solution to the bay area's housing crisis could be inside a man's garage. new at 6:00 john ramos shows us his vision that requires only 64 square feet of living space. >> reporter: most people don't think there's any more room to build new houses in san francisco. but that's only because they won't think outside the box or in this case inside the box. tim mccormack is building a house inside his frien

. >>> one bay area uber customer has been taken for a ride, his last uber ride. uber seriously overcharged him to the tune of $500 and blames it on the appal surging price policy. >> live in san francisco, steph, what's the ride-sharing company saying about this? >> reporter: good morning, laura and sam. well, uber is being very clear in that its a policy issue that if the surge price rates are more than double, you actually have to type in that multiplier on your phone in the app to make sure you understand you're going to be paying a lot more. still, take a look at the bill that was racked up over the weekend. $452 for half an hour, a 12-mile ride from levi stadium in santa clara after saturday night's sharks game to san tan roh row in san jose nap caught rafael of san jose off guard. the ride to the game, $23. no surge pricing. when the rail was too packed to take back he accepted the multiplier of 4.9 from uber and says he was shocked by the total. >> come out to use uber for any big events, because that's what i did, and i learned the hard way. >> reporter:

. >>> a reason to be uber nice to your uber driver. how to find out your passenger rating after the break. >>> completely innocent homeowners in the development near sandy spring, maryland could pay the price for an alleged dirty development deal that went down in the early part of this century. according to a group of neighbors, alleged wrong doing had devastating results when the development approval wiped their historic access road off the state tax records. montgomery county executive is declaring the road public again. that sounds good to a homeowner caught in the legal cross hairs. >> if it turns out the county executive can solve it naturally i think he ought to and save everybody expense from getting it solved in the courts. >> after a lengthty investigation in 2013 maryland's court ruled that a lawsuit against the developers could go forward if the residents and montgomery county are sued as well. >>> plan on using uber over the weekend mind your manners. >> uber user can rate how good or bad their driver was. now it is a two-

byrn's cable acquires lyft and suddenly slows down all of the uber requests and the uber business disappears and lyft is the only option for a ride and they can't get to customers as quickly as everybody else? >> yeah, under net neutrality that would be prevented and competition is what is allowed the internet to flourish and become what it is today. you have companies like lyft and uber that can compete. the isp should not decide who wins and who loses. >> netflix shares sold off with this news. i wonder if it is because people say wow, these guys have open themselves up to more competition. why do the big companies support the open internet when they are the ones who have the advantage because they can build their own networks like google has or apple and they can do other things like pay for it as netflix has. >> all of our member companies have thrived and we look at what makes the internet great. it is the idea of free enterprise and let the users decide, and frankly, our companies are much closer than any other company or industry you are looking at. they care about their users and let

a policy with the company, uber here. now, to be clear, uber is acting completely legally, but one bay area customer says it's still not right for a trip he ended up paying that would amount to about $37 for each mile. as you said it was 12 miles altogether. you look at the bill. this is for a trip from santa clara's levi stadium to san jose santana row after the sharks game. the ride to the game, $23 no surge pricing. he went with uber back when the it was packed and surcharge of 4.9. >> the right itself should have been like $30 times four, doesn't add up to $452. >> now in a statement the company says the uber app was created to give riders a safe, reliable option to move around, adding that dynamic pricing makes it possible for abouter to meet that same standard for reliability even during times of high demand. one new york lawmaker is pushing to ban surge pricing altogether for uber and other services like it. assemblymen ortiz introduced legislation in that state to fine violators $250 each time. ortiz says consumer

you have companies like lyft and uber. the isp should not decide who wins and who loses. >> netflix shares sold off with this news. i wonder if it is because people say these guys have open themselves up to more competition. why do the big companies support the open internet when they are the ones who have the advantage because they can build their own networks like google has or apple and they can do other things like pay for it as netflix has. >> all of our member companies have thrived and we look at what makes the internet great. it is the idea of free enterprise and let the users decide, and frankly, our companies are much closer than any other company or industry you are looking at. they care about their users and let them decide who will win and who will lose in their happy to have that fight. >> is it a cost concern as well? netflix has spent tens of millions to pay to get their content faster to customers, faster than their competitors. >> i don't think so. i think it is just an issue of fairness, and you do not w

i got a chance to speak to uber when they visited m.i.t. they were making the rounds and getting some perspective on self driving cars, so i think it is clear that part of the excitement here is part of the data that uber has. they can map all of new york city every five minutes dynamically, so there is this interplay about getting and using this data to better understand the transportation system and get more efficiency out of it. cory: yes, the data is one of the things that brings these companies together. do you think that uber is inspired by the google self driving cars? >> i have to think that they are. the google project, none of us can predict the future, and i see a lot of the challenges, like making people interact, driving in snow, things like that, and there are a lot of challenges, and they are hoping to roll something out. so it is something that could disrupt the uber model, if you suddenly remove the drivers and someone else controlled that these, so my personal opinion is that it is a good hedge strategy. don't be surprised

it has been a blessing to work for uber.it pays well. >> in the coming year, there could be many more stories like his. today, uber announced a huge expansion to bring 5000 jobs to maryland and 500 two prince george's county. to make it happen, uber has partnered with inner-city groups to expand opportunities in low income areas. >> we are always excited about new jobs, particularly jobs that are a sign of the new economy. uber is a sign of that technology movement. we want to be on the cutting edge. >> is uber was not available what would you have done? >> probably moved back to mississippi to start over there. what do these jobs pay? uber tells us the 500 jobs coming to prince george's county will pay about $20 an hour. crisp apps, abc 7 news. >> that is it for abc 7 news at 5:00. >> we have breaking news. the effort to avoid a partial shutdown of the department of homeland security hit a major roadblock. >> d.c. residence promised thousands of dollars in renovations they never saw in your foot the bill. i have a live repo

move the mic closer. >> brian worth with uber.he german court ruled uber did not have the proper permits to operate in the country. we are appealing and still operating in germany. since of the court ruling, sign-ups for uber gone up 590% in germany. the upside to that, people vote with their wallet. i think the german people are showing what they are interested in. they are interested in having companies like that operate in their country. we are hoping for a good resolution through the court system. as far as whether one solution or individualized solutions, i think it depends on the country and what the solution is. we have jurisdictions we work well with. we have good relationships with cities. the state of colorado passed peer-to-peer ridesharing legislation and set up regulations. it is a good regulation. it is something we work under. it is a good thing. there are other states where it is tougher. it is going to depend on the jurisdiction. one catchall solution that does not work is not any better than 50 different ones you

and the uber came. on its way i get a call from the driver who says, were you going. us a couple miles. he hung up and canceled the route. son of a bitch. so first of all, i assume he has been fired now, right. for my point of view, the thing i liked about uber back in the day as i would never have that kind of shit pulled on me. uber changed all of that. are you changing so fast that some of the old taxi problems are coming into the system? >> i mean, look, if you were to wave down a taxi in manhattan and say i'm going to brooklyn, he's going to say hell no. and that's normal. and there is nobody to complain to. >> yeah. >> in the uber model, we are not perfect, but we really strive to be. so when that thing happens, we encourage the feedback. and folks who do this, drivers the partners who are doing this, they do not last in the system. >> so it is against the rules to engage in old taxi-like behavior. >> of course. but this is the tricky balance of this kind of business, right, is we have two sets of

that is the uber. magic you still get the benefit of the bus -- that is that uber magic. you still get the benefit of the bus. >> i know you just started with it, but to make it work you have to have a massive number of users. otherwise, it seems like it was not work -- would not work. >> if you're starting out in a city, you cannot do it. there are be a large number of people going from having routes that overlay each other at the same time and you can't do that in a small city. if you are big you can make that work. one part is liquidity. the other part is product. it has to be just right. there's a lot that can go wrong, especially if you are the second user. >> do you think you have enough liquidity to make this work in san francisco and new york? >> i think we do. i think it is right on the edge of liquidity. >> others are doing copy cut products you are saying they will not make it work because they are so much smaller? >> i don't think that lyft copycats this particular feature. at the end of the day, liquidity is going to matter on this and it is going to -- you h

and i called for an uber. and uber came. on its way i get a call from the driver. and the driver said where are you going? and i said oh, a couple of miles. and he hung up and he canceled the route. son of a bitch. so -- first of all, i assume he's been fired at this point, right? from my point of view, the thing i loved about uber way back in the day, is it never -- i would never have that shit pulled where you don't take credit cards and uber changed all of that. are you growing so fast that now some of those old taxi problems are coming into the system? >> if were you to wave down a taxi in manhattan and say i'm going to brooklyn -- >> yeah. >> he's going to say hello. and that's just normal. and there's nobody for you to complain to. >> yeah. >> in the uber model, we're not -- we're not perfect. we really strive to be. and so when that thing happens, we encourage the feedback. >> yeah. >> and folks who do this, drivers, partners that are doing this don't last on the system. >> so it isn't gent the rules to engage in old taxi-like behavior? >> of course. >> the

the fight is on between google and uber. uber has partnered with carnegie mellon to work on self-driving cars. meanwhile, persons familiar with the model said google is working on its ride sharing service which will incorporate self-driving car technology. speaking of google, i went to their headquarters in mountain view, california, to check out the latest self-driving car prototype and talk about the potential of the technology with the u.s. transportation secretary, anthony foxx. he was at google for a town hall to talk about the government's report about the future of transportation in america what the next 30 years might look like. take a listen. >> the problem we're having with transportation is we're looking at what is in front of us rather than what is way in front of us, because what is way in front of us will be more impactful in terms of defining our future if we are not careful, so we would like to be in the position of defining our future rather than letting it defined by things that will make it worse for us. >

google is uber's biggest earliest investor. reports say google is working on its own ride sharing service and uber is working on its own robot cars which is google's specialty. uber will work with carnegie-mellon the research and develop robot cars. carnegie-mellon helped invent the robot car ten years ago, back when we used to think, wow! robot cars? that's amazing. google has logged nearly a million miles in dryerless cars since then and it's moved to its second model, not this one, but very similar to this one that doesn't even have a steering wheel. it makes one wonder why uber wouldn't want to use one of these? now infighting in entry, whether it's politics, movie stars or robot cars conflicting headlines. the top from bloomberg the article says the two companies are going to war. business insider says it's out of proportion. the people i've talked to said this headline is probably more correct, that said google can invest, afford to invest in uber and compete. it may be a good idea because uber executives are dancing very

move the mic closer. >> brian worth with uber.he german court ruled uber did not have the proper permits to operate in the country. we are appealing and still operating in germany. since of the court ruling, sign-ups for uber gone up 590% in germany. the upside to that, people vote with their wallet. i think the german people are showing what they are interested in. they are interested in having companies like that operate in their country. we are hoping for a good resolution through the court system. as far as whether one solution or individualized solutions, i think it depends on the country and what the solution is. we have jurisdictions we work well with. we have good relationships with cities. the state of colorado passed peer-to-peer ridesharing legislation and set up regulations. it is a good regulation. it is something we work under. it is a good thing. there are other states where it is tougher. it is going to depend on the jurisdiction. one catchall solution that does not work is not any better than 50 different ones you

with lyft or uber. what am i going to get if i call an uber service? >> if you call an uber service, you're essentially going to get a cab. it's much more professional. a lot of them are converted cab drivers. whereas lyft is a little bit more out there. it's kind of like your friend with a car. >> let's get to some of the comments on this one. kudos to lyft for rolling out in philadelphia despite opposition from the ppa and we get this one, uber and lyft surge prices have me feeling stuck. i'll walk before i pay that fair. and it certainly seems they may be here to stay because they're willing to be impounded and to test some of the laws here and we had some of the council members would like to have these services be officially legal here in philadelphia. >> a lot of public officials, including mayor nutter, have come forward saying they support the presence here in philadelphia but the ppa is about 60% run by the state and those officials are just saying that they are going to contend that it's illega

uber is a money magnet. >> but uber said you have your a thomas car service, we have ours, too. they will start its own center of excellence. >> google ventures has made enough off uber to funding can hire -- the entire -- >> we look at uber do they have a first mover advantage? >> we don't know. we've been talking about this for a year and nobody really knows. is uber just a really good idea that anybody else can build on? >> i have to go to a data check. let's bring in our guest. we will rip up the script. this is greece-related, futures up 4. there is the euro stronger. nymex crude 51.03. oil crisis over. we line up the two oils. euro-yen is churning, which shows the currency -- i want to get to this so we can jump over to uber. here's the australian dollar back 40 years, stronger u.s. dollar, the commodity boom. we rollover in the central bank janet yellen of australia says we need a weaker currency. >> we talk about iron been a surely as main export. i've been coveting these boots for 10 years. can't afford them. can't afford them. maybe soon. >> among the g-7 nations, thei

uber rolling out a new program to cover drivers when they are not ubering.hink your business is interesting. i'm a berkshire hathaway geek. a business so far from actual data. what is the problem with drivers getting insurance? >> one of the problem is many of the drivers right now are worried about current coverage. they are living in the dark for the most part. they cannot tell the current insurance provider they are driving for uber. the reasonbeing , you are not allowed to drive his attack legally or right share. this provides coverage -- >> so a lot of drivers are out there not telling their personal insurance that by the way i am using the car for delivery services. >> the reason being, if you tell them you may get your insurance canceled on you, or if you have came in between, there is a risk it may not be covered. that is the problem. a lot of drivers are living in here of that happening. there can be coverage of this time happening. >> talk to me -- one of the things you are known for is sticking something in the car to see when it is things used. a

backed uber.er of a billion dollars is what they funded. these guys are working together. maybe google will end up buying uber. that could be a cohesive move. but google is preparing their own ride paying service possibly in their driverless cars. there has been other reports of their saying this is getting sensationalized. google has a right sharing app to make life easier to get home. why would they not be putting this sort of app together? it is something they have been building themselves. this is something that is showing what has been a key friendship. it is a bit more like friendly's -- frenemies. >> everyone is pitching their tent in everyone else's that garden. >> we heard executives talking about the future of economist vehicles and that basically puts taxis and you and i having our own cars in business. it does not make sense. if anyone can hail a car that is driverless, whiners would we need to hate for taxis or our own vehicles? it is a sharing economy. labor -- uber has been thinking

uber didn't exist three or four years ago.n, honestly the idea of deciding what's going to happen in 2020 seems much but this is what wall street analysts like to do. it's a great brand by the way and he did get a deal for it for sure. >> it is, kara. where do you think we are in the hype cycle here. lots of people wondering whether this is a bubble. i keep looking at the fact that a lot of this money is going toward the top tier type start-ups in names. it's still going to the ubers, still going to the snapchats. once it starts going to the offbrand number two i start to worry. what do you think? >> i think these numbers are pretty high but this -- these are the bets for the next platform. i mean it's not a surprising thing. a lot of people, including myself, made fun of the facebook $15 billion valuation at the time it was. and it turned out to be a good deal. now there was only one good deal in that group of them but i think you're going to see there's all this money and it's going to chase the biggest companies and then fr

and the uber came. on its way i get a call from the driver who says, were you going. us a couple miles. he hung up and canceled the route. son of a bitch. so first of all, i assume he has been fired now, right. for my point of view, the thing i liked about uber back in the day as i would never have that kind of shit pulled on me. uber changed all of that. are you changing so fast that some of the old taxi problems are coming into the system? >> i mean, look, if you were to wave down a taxi in manhattan and say i'm going to brooklyn, he's going to say hell no. and that's normal. and there is nobody to complain to. >> yeah. >> in the uber model, we are not perfect, but we really strive to be. so when that thing happens, we encourage the feedback. and folks who do this, drivers the partners who are doing this, they do not last in the system. >> so it is against the rules to engage in old taxi-like behavior. >> of course. but this is the tricky balance of this kind of business, right, is we have two sets of

what are the biggest federal issues that companies like uber and left have to conquer?> they are in a different category, because many of the regulatory systems that basically govern taxi companies where there are most of the conflicts are at the state and local level. there is very little that the federal government has there. but i do think the federal government has an interest in, for example, ensuring that the service that is being done by, for example, somebody who is driving a uber car, we do have an interest in making sure that that person has been background checked and things like that so that folks can be assured that they are going to get where they are going. >> so are you thinking that if the local authorities do not take care of this, the federal government might have to? >> i'm saying that i believe we have a role to play in urging states towards that. i'm not necessarily suggesting that we should pass laws that do that at the federal level, but i do think that is an area that state and local governments are going to have to address. >> while you were ta

first of all does everybody here use uber?. >> for the hotel thing? >> absolutely. >> so how does it work? >> i don't know if i have already stayed at a hotel once this year it counts, or i have to -- that wasn't clear to me. it seemed like a no-brainer because i use both. >> every time you take an uber ride, you'll get points toward these hotel rooms. >> yes. but as michelle added you do have to stay with starwood hotel before you can start cashing in. i will point out, it takes like 3,000 points to get a free room. so you've got to spend a lot of money with uber for this to be worth your while. >> i'm just thinking about the american express story we had earlier. if uber and starwood can do this symbiotic thing, at some point you can start to build rewards that don't necessarily come from this or that credit card. >> transportable reward points based on your services. >> exactly. uber is really an immediate thing. you need it now. you use it now. interesting thing is will they have a model that will allow you to plan? busine

google could undercut uber. >> this is like the auto industry. just because you're there first doesn't mean you're going to last throughout. >> exactly. >> which is great for consumers. >> part of what allowed uber to grow so quickly is because they're not hoarding any inventory? they're not doing payroll taxes. right? they're just saying hey, sign up. then you can start driving with people. >> then segue to the privacy issue for a second. it does feel like they sort of shifted their stance if you will, around not just privacy but their sort of public relations efforts. meaning we've seen travis sort of get out there and say he wants to become friendly in europe where before it was an all-out war. >> there's a lot more regulation in europe to begin with for all kinds of services. we sometimes clamber about it here. but in europe it's more stringent. there's more rules and trade going on over there. as much as uber and other silicon valleys are up to disrupt industries, it's that much harder when you're looking a

she wasn't working full time as an uber driver. she had the lyft app on and turned it off. but it is creating opportunity. it is giving you an opportunity to supplement your lifestyle and income in a way more convenient for you. these are the opportunities here. this isn't something holding people back. >> an opportunity to work three jobs instead of two. >> but it is offering a certain amount of flexion inlt. it may mean that the work force has to change and people's expectation of the work force changes. you may have a small business you are working to make things or sell things while you are producing articles that run on the yahoo developer network. it may also allow you to be a stay at home mom with your kids and work out your house. there are certainly problems with the transition period from sort of everyone goes to work from 9:00 to 5:00 and has one job and stays there for 15 years to this sort of an economy, but i do think -- i agree with brian that there are -- as there are certainly concerns and problems with it, there are also a lot of opportunities. i don't thi

it's quite another thing go after uber.i don't think we should manic yet. >> it does raise questions about what exactly you get when you inns vest in a company. google has taken pains to talk about the chinese wall between google ventures and google, but david drummond the chief legal officer at google who is on uber's board. it's drawing a lot of comparisons to when eric schmidt was on apple's board until 2009. do you think there's a conflict of interest? >> well, if google truly is going after uber, yes there's a conflict of interest. as you pointed out, eric schmidt on apple's board, when apple was having having a smart phone and google about to have a smartphone, the long and short of it is silicon valley is a complex, interrelated place and there's not a lot of bright lines there and hard lines. >> but, guy, if you are uber particularly in this situation, don't you have to assume, based on history, and just self-preservation, that there could be some ill intent here? what do you do to protect yourself or would you just

this is in a direct threat to uber.g on driverless cars and cells with carnegie mellon. everyone is in each other's game. they are in each other's that yard. the work has to be done. it's a race. tesla is thinking about an autonomous car, audi mercedes. everybody is trying to push this development. it's like apple pay versus pay out. thank you looking to get in on the digital wallet. everybody is working with each other and against each other google has in the game. they also put money on mover in case it doesn't work out. >> is hard to get rid of them. >> we will have to see. >> i'm not sure that is the best insider knowledge. >> thank you so much, caroline hyde. >> you can read more about this story. it's on the new bloomberg website. you can just go to bloomberg.com . >> will amazon bet on bricks and mortar stores? stay with us. we'll have more on that coming up. ♪ >> welcome back here and you're watching the pulse on the berg td. we are pushing into the suv segment. i can't decide how you pronounce it. the french ca

uber taking on google. google in driverless cars. just how far are we from driverless cars being a reality? would you trust them? we'll take a look at that this hour, but, first, let's go to sue who is back at the nyse. hi, sue. >> i sure am ty. stocks are soaring right now. we have a triple digit advance in the dow jones industrial average. the dow is on the up side by 160 points. the s&p is higher by about 12.2/3. nasdaq higher by 9.5 or close to that, and the russell 2,000 is up 12. as ty mentioned, oil is really one of the big stories today. it's rallying. it's a best west texas intermediate, and brent crude is up almost 4%. it has a lot of us asking has oil bottomed? we're going to talk about that in just a moment. first, bob come on into the light. bob pasani welcome back from florida, by the way. >> pleasure to be back. we are just rallying in oil here. oil just jumped by 60 cents in the last 20 to 30 minutes. we're at $52. moving up. let's take a look at the arguments. my heavened, there are such arguments today. some people

uber works. i used uber twice last night in manhattan to get around.hing that stops apple to set a platform for apple driven cars with no driver. driverless cars. they could build two or three acre farm outside of the city, 20 miles outside of the city and have 2,000 cars servicing guys like me in manhattan off my iphone. the thing that would be interesting to me as an investor, if you take me to the city every day as a commuter you've got me for 45 minutes. you know what my profile is like from the phone, what i buy, you know what i'm interested in and advertise me and what music i want to hear. >> sounds scary. >> i like it as an investor. you've captured me an hour and a half of the day that you control the ecosystem in. that's interesting to me. i think that car can exist in the next five years and all go out to the farm to be recharged at night, use the technology bmw or do a deal with tesla. why be manufacturing a lousy margin business like cars. >> apple as phil mentions expanding auto footprint still waiting on reports and details of what that

take vo ---rafael hernandez asegura haber pagado 452 dolares a un chofer de ''uber'' por movilizarlois hasta su casa en san jose.. y espera que la empresa reduzca este exhobirtante cobro.. take sot : trt 05 sec cont vo/lorena --segn hernndez opt por ese servicio debido a que el servicio de transporte pblico era limitado... take fs --- en un comunicado, uber dijo que su aplicacin fue creada para ofrecer a los usuarios un viaje seguro confiable alrededor de la ciudad con el toque de un boton... las variables en los precios hacen posible que uber cumpla con ese mismo nivel de fiabilidad incluso en pocas de demanda... juan fran - take vo --pasemos a san francisco donde un grupo de residentes presentar una demanda respaldada por mil-500 firmas para exigirle a un ejecutivo de "google" que detenga los desalohojos en un edificio. --segn los demandates, luego de mudarse al inmueble en la calle "guerrero" "jack halprin" bot a uno de los inquilinos de manera ilegal... para luego iniciar una peticin en contra de otros cinco. --quienes se oponen llegarn hoy a las oficinas principales de "google"

that would put it in direct competition with uber.oogle was an early investors in uber and the services smartphone applications are based on google maps. google's chief legal officer, also a member of uber's board has reportedly informed of gook -- google's plans. >>> apple is planning to turn a failed iphone screen factory in arizona into a massive data center. according to arizona's governor, the tech giant plans to invest $billion into the may -- $2 billion into the mesa center. the governor says the facility will serve as a command center for global networks. >>> it turns out to killing a mockingbird will not be harper lee's only published book after all. she was a new book come out 60 years in the making. harmer announced that, "go set a watchman" will be the second book. she completed it until 1950s and put it aside. a friend discovered the manuscript last year. it's a sequel to mockingbird and features some of the same characters including scout finch as an adult. it is expected to hit store shelves july 14th. >>> we're followi

so he opted for uber knowing surged pricing was in effect. the bill was a stunner. >> i agreed to the surge price. the problem was, the ride itself should have been like $30 times four, doesn't add up to $452. >> you heard him. he paid $452 for a 12-mile ride, reached to uber asking for a price reduction. a representative suggested always getting a fair estimate. in a statement the company says the uber app was created to give riders a safe, reliable option to move around town at the tap of a button. dynamic pricing makes it possible for uber to meet that same standard for reliability even during times of high demand. >> more than $45 a mile. >>> happening today, tenants evicted by a google lawyer planned to deliver a petition to the company's mountainview headquarters directly. eviction-free san francisco collect mord than 1,500 signatures demanding jack halperin stop he's evictions. the protesters say hall sprin n halperin is not living up to standards. he's using the ellis act to force tenants to move out. allows them to evict people if ge

uber is developing its own driverless vehicle.ested $258 million in uber in august of 2013. >>> stocks on wall street opened higher. the dow gained 196 points. the s&p finished 25 points higher. the nasdaq rose 41 points. oil prices rose for the third day. it finished the day $1.33 higher at $49.57 a barrel. that is the highest it's been in a month. >>> the new york stock exchange plans to de-list shares of the retailer radio shack. radio shack's been struggling and warned last year it may file for bankruptcy. news that it might not be able to find a long-term plan to stay afloat sent its stock price dramatically lower. shares fell 13% yesterday. >>> we now have the final figures for the super bowl weekend box office and the take for "american sniper" has been revised down. originally it was estimated sniper brought in 39.5 million, a record but the clint eastwood film sold $30.7 million in tickets. that leaves 2008 hannah montana, miley cyrus, the best of both worlds the top earner against nfl's big game. >>> papa john's commerci

no, fran, you cannot leave us to be a uber driver. mysterious invitation from apple popping up in inboxes. they're holding a special event on march 9th, that's it on the screen. with the tagline spring forward. what will they unveil? the time reference, springing forward could mean it's finally time for a coming out party for the apple watch. fox business was on the invite list and that means you are, too. let's get to dollar danger for 0 the markets today. the dollar index reaching a one-month high today. why are our traders telling you to stay away and no bottom of barrel yet. crude with the biggest drop in three weeks, settling down at 48.71. what's the play? we have the road map for you in our last hour of trade so let's get right to the floor show. we have traders at the new york stock exchange, cme and nymex. why stay away? we had howard lutnik say go long the dollar. had we done an a couple of months ago, we would have been making money. >> too much up certainty, liz. with local and geopolitical issues, the best bet is to stay

take vo ---rafael hernandez asegura haber pagado 452 dolares a un chofer de ''uber'' por movilizarlocasa en san jose.. y espera que la empresa reduzca este exhobirtante cobro.. --- en un comunicado, uber dijo que su aplicacin fue creada para ofrecer a los usuarios un viaje seguro confiable alrededor de la ciudad con el toque de un boton... las variables en los precios hacen posible que uber cumpla con ese mismo nivel de fiabilidad incluso en pocas de demanda... juanfra facebook juan fran - vots --autoridades federales continan investigando las causas del descarrilamient o de un tren en el sur de california... take vo ---ayer mircoles el conductor de la camioneta que quedo varada sobre las vas del tren fue interrogado por la junta nacional de seguridad de transporte. --se trata de "jos snchez- ramrez" quien enfrenta cargos por abandonar la escena en el momento de una colisin... --segn los acusantes el conductor no llam la linea de emergencia "9-1-1" al momento del incidente, pero el defensor alega que su representado no habla bien el ingls por lo que haba pedido a su jefe y de su hijo