popping up in your uber app? ♪ when the devil comes you had better hide because hell is coming down ♪ ♪ when the devil comes ♪ >> evil visited a place that we thought that we might be insulated. >> warm all across west michigan. everybody heading up to the 40s and some may even touch 50 today. ♪ there's a light that ties us >> everybody ready? >> february 20th, 2016, was just a normal day. ordinary people doing ordinary things. friends and family hanging out together. >> i was going out with some friends that night. >> i had worked the night before. so i was working 12-hour shifts, which allowed me to sleep most of the day. >> it was just a normal day. >> reporter: this is an ordinary day in kalamazoo, michigan. and the lives of these ordinary people are about to intersect and be changed forever because of one man, jason dalton. the uber driver. >> we all love hailing a car with an app. it's easy. it's convenient. but the truth is, when that car shows up, you really don't know who's in the driver's seat. >> uber

uber lede success of to a rash of "uber for this" or "uber for that" industries.s you think this will not just be a flash in the pan? wechsler discovered is a large pool of workers that want to be part of the gig economy, but they are immigrants, college students, they do not have a nice car, but they have a skill, a desire for economic opportunity, freedom, flex ability, but they are not , aving for uber or lyft number of companies, so we found a way to help them monetize their time and skills. emily: there's increasing visibility to benefits or lack thereof for contract workers. how do you deal with that? question.really good all of our profession is our contractors -- all of our professionals. we help them get workers compensation is contractors and our workers make about $140 on average for a gig. we think that is on the high-end of all the alternatives that are available, about 150% of minimum wage. workers get paid very well and what they see in the app when they accept a gig is what they make. we're not playing any games of smoke and mirrors. emily: so what

uber didn't. but what are we asking from uber and lyft as a city that they step up and pitch in? is there an official meeting as a city where we step up and share how we're accommodating them? >> chair peskin: maybe that's one for our staff. mis-chang. >> -- ms. chang. >> thank you, commissioner ronen. you've been raising that for some time. there was a three-part agreement between lyft, the m.t.a. and the community about what was going to be a sustainable solution. i'm hearing there's a bit more work, but i'm offering our staff to help craft those solutions. it also triggers the conversation about not just the passenger needs, also the goods movement needs, and it's a bigger topic than just this corridor. we see situations in commissioner haney's district. we have a different situation in the avenues. i think the companies -- i'm hearing the talk, but i'm not necessarily seeing the action. and i would suggest we setup a working group with m.t.a., your office, and any other supervisor's offices to hash out a couple of these situations and figure out how the pilots or the programs

he blames the uber app. you will hear what he says. >>> the alleged drunk driver losing control, tearing down a sidewalk. >>> the cruise ship collision and a scare on board. >>> and the test passenger who took off for space today. did she reach the edge of space? how did it go? >>> good evening.o have you wit on a friday night. we begin with a stunning charge. the billionaire owner of the new england patriots, robert kraft, charged with solicitation of a prostitute. authorities say it's part of a major crackdown on alleged prostitution. and nearly 200 people could also be charged. it comes two weeks after his team won their sixth super bowl. kraft has been swept up in the widespread investigation of prostitution. prosecutors say kraft twice played for a sex act at this strip mall massage parlor, and they say they have surveillance to prove it. victor oquendo is in jupiter, florida, tonight. >> reporter: tonight, the billionaire owner of the super bowl champion new england patriots, robert kraft, embroiled in

it begs the question, wearable uber and up? -- where will uber end up? go to big, splashy presentations to go there. we'll see what happens with uber. selina: we'll wait a few weeks to see. thank you both for joining us. coming up, baidu's fourth-quarter numbers are up. this is bloomberg. ♪ selina: baidu gave an updated forecast. they will rise 12% to 18% as new content and products energize the advertising business. baidu is spending billions on ai and younger services as it fights off alibaba amid a slowing economy. joining us is bloomberg's stephen engle and hong kong. it looks like things were better than expected. break down the numbers for us. they were better than expected. the chairman said because of the trade war, that could affect the slowing chinese economy and that what have an effect on the advertising. baidu relies heavily or more so than is bigger rivals like tencent on alibaba -- and alibaba. that's what we were looking at is advertise spending and also the topline growth. fourth-quarter adjusted profits beat estimates for adr. we're exp

>> yeah, this guy is basically a ghost to uber. your phone is telling you one guy is picking you up and he shows up and he's not the driver. >> that could be bad. >> you think? >> you want to verify that your passengers are getting in the vehicle with somebody that has a background check and that they're safe. there's a lot of strange people out there, people that are out to do harm. >> lax police spokesman says airport police know how to catch violators because they encounter so many uber and lyft drivers every day. citations we reviewed from lax and bay area airports show drivers using other people's accounts again and again and again. some of them didn't even have valid driver's licenses, but not all law enforcement officials are focused on ride share rules. >> the majority of municipal officers don't know what to look for. >> most of the trips we saw on our rented uber account happened in san francisco but sfpd is not aware of any reports involving fraudulent driver accounts. the department doesn't have the authority to check w

uber acquiesced. they are putting it on the big economy firms to work with them on worker classification. the companies must prove to the regulators about the worker classification. you prove to us they are self-employed, not the other way around. we don't have to investigate you to tell you what is happening with the classification. lastly, the companies would be liable for paying worker benefits, holiday pay, national minimum wage. mexico city implemented 1.5% fee on the company for each ride share ride given that goes to air publico a public fund. portable benefits? workers own benefits, not tied to a specific company. company makes fixed rate contribution. benefiters cover independent workers. it is mobile. you can take it with you. your retirement, your maternal, paternal leave. it is a draw because it mainta maintains flexibility that employees and employers like, the gig economy. the affordable care act marketplace where workers can shop around for benefits package that benefits them. one examp

it's been a tough regulatory and cultural fit luckily for uber things like uber eats are growing exto tax policy where places like new york city is calling it congestion pricing, prices went up and if you're going a short distance -- >> it adds up. >> cheapo me has found myself in the past couple weeks actually saying you know what i may jump on the subway it's been happening more and more and more. >> oh, my god. >> i'm just making a point that taxes have an impact i thought you'd be very -- >> aren't you mobbed by fans on the subway how do you make it through >> i bring my security team with me it's very complicated. >> swipe them all through. >> for real, how much is it going to dampen -- >> the higher price supply and demand, we at this table believe in those laws so it will decrease demand however albany is considering congestion pricing tax for any vehicle south of 96th street in manhattan. if that happens and it becomes neutral whether you're in a cab or yourown car or an uber, you still may take the subway more but it probably evens out. >> i'm going to switch topics if you wo

it's important to get ahead of uber.ina: so they have an opportunity to explain why the smaller underdog is a great investment. what have we heard from potential shareholders? is there a lot of interest? >> the people i spoke with are really excited and are eager to see lyft go first. they want them to be out ahead, to set the stage. they don't want uber dominating the story. on the roadshow, we will expect a lot of questions about uber ipo and vice versa. interested in the company. fidelity is already an investor. it will be interesting to see how much they buy into the company. selina: you are an investor in lyft. what did you see in the company back then? >> it was about 2015 when we invested in the company. we have guys at our firm that look at the numbers. i personally look at the relationships and personalities and story behind the business. hands down, lyft as people -- people want to see lyft be successful. i took a lyft to get here. say greatust can't things about lift and how they treat women and all of their e

here is a look at the two uber accounts rented out to us, no questions asked. seller created this one from scratch, using the personal information of a guy named benjamin. four different cars signed on to this account, which logged hundreds of trips across the bay area. >> did you feel like you were in danger? >> yes, definitely. >> we first showed you in september how dangerous it can be for riders who hop into cars with unvetted drivers secretly using rented accounts. >> i was really thinking, i'm not going to die with my lyft driver. >> reporter: we found the account was set up using stolen information. lyft told us it has a special team to investigate fraud. uber indicates the creator of the accounts we rented on its platform also may have engaged in identity fraud. rideshare renters can be virtually impossible to distinguish from real drivers, but there is one way to tell for certain if the driver is a fake. the waybill. it gives a summary of the trip and lists the account holder's name, but if someone is using an account registered to someone else, the na

ic: uber is playing it hot and cold with the city.ber is trying to fight back on the caps that limit how many drivers it can have on the streets. i think it is seizing a moment where amazon has just left new york and there is a friday afternoon announcement that it is going back to war with the city after a brief cooling-off. . what does that mean for longer-term plans in new york city? toc: i think it is trying walk a fine line here. this is not a scorched earth suit. it is clearly something that uber has felt strongly about. pushing for congestion pricing as they focus instead of a heart cap. it is not going to win over the mayor's office, which has pretty much had a hostile relationship with the company. they do not have a very good working relationship. the ideas we will not win over the mayor. we can fight them in court. emily: talk to us about these financials. down 15% for the full year. eric: there are lots of ways to slice these losses. if you look at the gap figures, the adjusted figure which is one $1.8 billion.- the issue

the lyft and the uber drivers, that is really like peanuts.that is 40,000 drivers, that is $40 million a year and that will bail out these medallions and we won't have to make everybody all upset. and half the medallions will pay it off. i'd pay thousand dollars a year to keep the fountain of money in my pocket going. i'd be happy to pay a thousand dollars a year. and the drivers don't want to do that, there are driving in from bakersfield and sacramento, maybe they shouldn't be driving in, go out to the marina, they're all sleeping in the parking lot. it's crazy. >> thank you very much. next speaker, please. >> my name is -- good afternoon, everybody. i'm here. i'm medallion. we are 640 people with the medallion, $250,000. this time we are surviving. we are totally out of business. there is no business. lyft took all our business, uber. we want your help to give us break. or give us price and pay the city. and we are satisfied, otherwise, what the mta do this -- >> chair heinicke: thank you very much. next speaker, please. >> good afternoon,

nose and not have uber cloud the whole story.nk we will see that aggressive timeline and uber is plain net a little more closer to the vest. emily: interesting. eric newcomer, thanks for joining us. coming up, sonos shares hit hard by inventory concerns. will discuss with the ceo, next. this is bloomberg. ♪ ♪ emily: sonos shares tumbled, even as results topped estimates. both remain broadly positive on the speaker company's future. this comes as the space continues to be filled with hot competition from amazon, apple, and google. patrick, good to have you here in the studio. you have only been public for a couple of orders but you had your second-most operable quarter ever, yet investors were disappointed by something they heard. what is driving investment in the stock? patrick: we are still a young, public companies so investors are still looking to see how we performed over a long time. hardware companies have not always fared so well. other companies have not persevered over the long-term. emily: the speaker market has explode

doubled downed on uber eats and freight. uber is on track to go public this year. >> is there any signs -- just to reiterate the revenue growth dropped from 61% in 2017 to 43%. for a company like uber, while that's still, you know, great growth, is that going to turn any investors off the ipo, the fact accelerating and still reporting losses >> well, a lot of the deceleration has to do with the number of investments they do. the ceo is retreating from unprofitable markets and spending a lot to shore up their market position before that ipo. but 43% is still a pretty formidable number and would be viable by most public companies. they are reaching normal idon't know that will turn off investors. >> thank you so much >>> some positive comments on trade from the white house today is helping to fuel the rally that you see we got a nice rebound in consumer sentiment this morning and that helped to shake off the awful retail sales report yesterday. the dow is 5% away from its october highs. how is this for a come back. industrials

a wrong uber packed with people killing the uber driver and leaving his seven children without a fatherood evening. >> that deadly crash injured nine others and left a mangled mess across lanes of 101 in san francisco. it happened at around 2:30 this this morning as a wrong way driver was travelling south in the northbound lanes. joe is in san francisco where he has new information on the uber driver who was killed. joe. >> we got nine injured brought here to the hospital. two killed including a wrong way driver as well as an uber driver who we have learned came here to the united states after being wounded helping american troops in afghanistan. the wife and seven children of waheedullah etimad gathered in an apartment heartbroken. >> it's hard for her to go on. >> waheedullah was an uber driver. he was killed instantly when another driver going the wrong way smashed into his minivan head on t. family got the call early in the morning. >> he was a good dad. he wanted us to go practice hard and do good things. >> its just a wrong way driver going wrong way causing major injuries. >> tha

uber is waiting in the wings.hey don't want to have a situation where uber is coming all the air out of the room. there are some bigger fish here. they are trying to get this done quickly. they want uber to define what ride-hailing looks like. they do not want them to define the story. they want to be the ones to come out and say this is our company, let's focus on this -- we are a domestic company. we are not trying to be this global giant. we do things well in the u.s. it is important for them to get out ahead. selina: they can explain why it's a great investment. what have we heard from potential shareholders? is there a lot of interest in this stock? >> yeah, people i spoke with really excited. they are eager to see lyft go first. they want them to be ahead, set the stage. they do not want uber coming in and dominating the story. but certainly on their roadshow, you can expect a lot of questions on uber on lyft's ipo roadshow. and vice versa. shareholders are interested. you have fidelity, who is already an in

maybe different for uber maybe different for amazon than it is for uber you got a crowded city whereically anywhere we're just talking about the education, the colleges around new york, i guess, and things like that. it's a totally different situation, right >> yeah. if you look at the new york issue, the city is at times hostile regarding supply so much -- how many driver partners uber are allowed to bring onto the system. that's been sort of the debate since 2015 when the taxi industry had the idea it would be a great thing for them for the city to cap the number of uber cars on the road. so a few months later the mayor suggested doing that he was able to get that law passed in 2018 along with a different law about driver wages which accomplish the policy goal if you're not familiar with it, they passed a law that created a formula that based on each company's utilization, that is how often the cars are busy. there's a pay floor that drivers have to earn it's like a dynamic supply cap it puts it back in the court of uber or lyft or juneau to decide how many drivers they want to hav

a michigan uber driver killing six people in a matter of hours.n he told police what drove him to do it. here's abc's matt gutman. >> i'm not a killer, and this is what i, and i, and i know that i have killed. >> reporter: you're watching never-before-seen video of jason dalton being interviewed by police, explaining why he's just gone on a murderous rampage because his uber app made him do it. >> i know you guys are going to have a hard time believing this, but it literally took over mind and body. >> the uber app? >> yes. >> i wasn't believing anything of it, but if it's something that's going to make him talk, you're not going to want to shut him down. >> it switched from red to black. and it's in that black mode. it literally has control of you. >> reporter: before february 20, 2016, jason dalton seemed like any ordinary family man in kalamazoo, michigan, a man who just started to drive for uber to pick up extra cash for vacation, but he starts an eight-how much rain of rohterro. >> we were going sonent iought about hitting him. finally, he, l

>> yeah, this guy is basically a ghost to uber. your phone is telling you one guy is picking you up and he driver. >> that could be bad. >> you think? >> you want to verify that your passengers are getting in the vehicle with somebody that has a background check and that they're safe. there's a lot of strange people out there, people that are out to do harm. >> lax police spokesman says airport police know how to catch violators because they encounter so many uber and lyft drivers every day. citations we reviewed from lax and bay area airports show drivers using other people's accounts again and again and again. some of them didn't even have valid driver's licenses, but not all law enforcement officials are focused on ride share rules. >> the majority of municipal officers don't know what to look for. >> most of the trips we saw on our rented uber account happened in san francisco but sfpd is not aware of any reports involving fraudulent driver accounts. the department doesn't have the authority to check waybills to catch them. >>

(vicki) if you're in an uber and itrouble...el awkward or afraid to dial 9-1-1 behind your driver's back--(grant) but now a new 9-1-1 technology through uber's app ... can help you... reporter rhondella richardson shows us that the app is being used in massachusetts. in december, cambridge police started running new 911 technology thru the uber app. jumping into my uber with the police intern we click the safety tool kit.it's universal on all rides but when you click 911 assisstance and swipe, in cambridge you make a 911 call that includes every detail of your ride.nats of 911 operatorwith the standard 911, your cell phone call might send you to state police first and then there's the transfer.my name and the uber driver's info all just pops up for cambridge police.christina giacobbe/dir. of emergency communications: "if this particular caller used the uber app we would have the location information but now we're also going to have the plate the make the model as well as the driver's information to be able to advise law enforcem

the price of a uber is mostly labor. going to go to robot cars at some point in my life hopefully, it's going to drive the price down to whatever the car costs and that's going to lead to five times as many cars on the road and the city has to be a plan for that. david: although i got to say, gary and i are the naysayers on robo cars. i wouldn't get in one. >>> getting a ticket to the super bowl might cost an arm and a leg, but once you're there it's not going to cost you a lot to get a hot dog. to get a hot dog. we'll explain coming next. with expedia, i saved when i added a hotel to our flight. so even when she grows up, she'll never outgrow the memory of our adventure. unlock savings when you add select hotels to your existing trip. only with expedia. >> if you want to experience the super bowl in person, it will cost you a small fortune. cheryl casone is in atlanta with more. reporter: the parties under way as we get ready for super bowl lii, the pats versus the rams. the average price, $2,300 for a super bowl ticket

uber was just outlawed in brussels. it can be done. it's been outlawed. the court in brussels said they're providing taxi service would a taxi loons. we need to do the -- taxi license without a license. we need to do the same here. >> mr. sahi. >> welcome back, nice to see you. >> thanks. i'm usually a troll at these meetings as i've been the last 20 years. i've seen the regulations reinvented and reworked several times and not one came up with the advent of ubers an pncs which is surprise which is these guys are supposed to be the most expert in the field of transportation and didn't foresee any of this. anyway, i want to start with history. taxis have been around since roman times. i like to tell my passengers it's the third oldest professional, probably. it's been regulated for a reason it's heavily regulated. i can't think -- i don't know that much about regulation but there's so much regulation it keeps getting added to and added to and there's a reason for regulation. it's for the safety of the public which is the most important product that can be

the price of a uber is mostly labor.ng to go to robot cars at some point in my life hopefully, it's going to drive the price down to whatever the car costs and that's going to lead to five times as many cars on the road and the city has to be a plan for that. david: although i got to say, gary and i are the naysayers on robo cars. i wouldn't get in one. >>> getting a ticket to the super bowl might cost an arm and a leg, but once you're there it's not going to cost you a lot to get a hot dog. we'll explain coming next. ♪ s tell only half the story? at t. rowe price, hundreds of our experts go beyond the numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story. t. rowe price. invest with confidence. .. to help reduce your risk of fracture with prolia®. only prolia® is proven to help strengthen and protect bones from fracture with 1 shot every 6 months. do not take prolia® if y

david: uber and lyft are making history more ways than one.nly will they become the first two ride hailing services to go public, but they are also offering some of their most experienced drivers the ability to use a cash bonus to purchase stock in the new ipo. folks, what do we think of this? morgan? >> sorry, i thought we were going to gary. i want to say i take uber and lyft a lot. i really like it. i'm going to say to every driver that i have, take the stock option, don't take the cash. it will be interesting to see what they do. this sort of good press that they are getting i think comes on the heels in new york, which is a very high city for uber and lyft, putting $2.75 on every single uber ride, i'm assuming it is dropping in demand. i know anecdotally me myself i have been taking it less because of the extra fee. uber and lyft need positive news they are always getting hit by the cities and local governments they are in. this is a good news story. >> they are always getting hit by the regulators and the taxi cab medallion, but the cons

i reached out to uber and lyft.h responded saying they won't comment on "the wall street journal report." what we've seen from the report so far, lyft drivers, if they drive 10,000 rides they could potentially get $1000 cash or the option to get stock in the company at the ipo price, if they ride 20,000 rides. that is a lot. they could potentially get $10,000 or the option to bet stock in the company. they were rewarding potentially drivers been around the longest and criteria also, those that have been the most active when it comes to uber drivers as well. the issue is the sec laws doesn't allow for uber to give shares to employees because they're not actual full-time employees. they're just contractors. so i couldn't get any comment from uber and lyft, i had to go to the source the drivers themselves. i called about a dozen ubers to the fox location, got in back seat, got a few to comment on camera, what they would prefer, cash or stock option. >> i would take the stock because i think uber is a good company. you

meanwhile the family of that uber driver -- excuse me, this wind.i'm going to grab my microphone so you can hear me okay. the uber driver who did not survive this crash, his family is reeling with what to do in his absence. him his life. waheed was driving for uber with 6 passengers in hi driver goin >> waheed was a role model for most of us. he was a very hard working guy. the family is in deep shock. >> reporter: family and friends of waheed etimad are still reeling from this fatal accident sunday morning that cost him his life. waheed was driving his uber with six passengers in his van when a wrong-way driver going southbound in his northbound lane struck two cars, then crashed into him. waheed and the wrong-way driver, 21-year-old kayla wilson from san jose, didn't survive. nine others were injured. >> i mean there was major damage to most of the vehicles involved, especially the ones that went head on. we're talking engine compartments completely removed from the vehicle. >> reporter: 40-year-old waheed etimad is from afghanistan. before moving

(catherine) uber prices are going up in one metropolitan area.ow other cities are watching the changes closely.... as drivers have mixed reactions... (ken) and we're continuing to track the storm.... kron4 news at 6 will be right back (catherine) a new driver minimum wage law in new york is driving uber fares higher --- and not just during peak travel times. an uber spokesperson says the increase is based on time and distance. all drivers will take home just over 17 dollars an hour after expenses. other cities... including san francisco... will be closely watching how the changes affect ride-hailing firms. this week, ride share services lyft and juno sued the new york taxi and limousine commission to block the new law. they say it couldhurt business. while uber isn't involved in the lawsuit -- in a blog post, it cites problems with the law and how pricing could affect riders. (ken) the controversial "new green deal" was first met with some scorn. why many... including some conservatives... are now showing their support. at at&t, we believe in acc

lyft going public ahead of uber.r advantage next. >>> earnings season might be winding down but we have reports after the bell today including dropbox and speaking exclusively with the company's ceo after the numbers hit. at&t provides edge-to-edge intelligence, covering virtually every part of your finance business. and so if someone tries to breach your firewall in london & you start to panic... don't. because your cto says we've got allies on the outside... ...& security algorithms on the inside... ...& that way you can focus on expanding into eastern europe... ...& that makes the branch managers happy & yes, that's the branch managers happy. at&t provides edge-to-edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & when this happens you'll know how to quickly react... whai tell clients, etfs can follow an index, but which ones target your goals? it's not about quantity. it's about quality. no trendy stuff. i want etfs backed by research. is it built for the lon

sources say uber still needs a few weeks for preparations. lyft is expected to be valued between 20 and $25 billion. >>> and another big tech ipo, pinterest, is getting ready to go public in late june, according to paperwork filed by the s.e.c. analysts say pinterest could raise $1.5 billion. >>> a new bill in the state legislature says drivers should be able to eat animals they accidentally run over. it's dubbed the you kill it you grill it now. it would allow anyone who gets an animal to apply for a wildlife salvage permit within 24 hours at no cost. one picture says, from most collision makes the meat go bad. it's legal in 20 states to eat roadkill. in california bill only applies to deer, elk, and love, and wild pigs. >>> all this now in the sierra has made for a pretty busy season for search rescue teams. >> warmuth with a couple team elmer's about how their work began decades ago. >> reporter: it should come as no surprise. the abundant sierra snowfall this season will challenge the people working in emergency services. >> it picks up w

he drove for uber every weekend... while also going to college. c-h-p is trying to figure out what led a young woman to drive the wrong way... on 101 in san francisco early yesterday. she crashed... killing herself and the uber driver. the victim's children say he was a good father. (daugh ad y, worked hard heas adad waed u go to school practice hard do good things nearly 2 thousand people have already donated to a go- fund-me page... for waheed's family. and tonight... several uber drivers held a vigil in daly city... to remember a fellow worker who died on the job. back to the crazy weather we've having.. we've seen snow.. hail and even a few lightning strikes around the bay area. we wanted to show you these interesting pictures we captured from our salesforce tower cameras today. this is a timelapse of rain.. moving in from the coast.. over sutro tower.. then we see those clouds cross our tower camera looking south.. you can see the rain over the bay. then take a look as the showers cross over salesforce... across the bay bridge.. and into the

. >>> and ahead of uber and lyft's highly anticipated ipos this year, our deirdre bosa is taking a lookres for both deals. what that means for investors. deirdre, the companies look similar on your phone, but not necessarily as public companies. >> yes, they're both ridesharing companies, have similar businesses, but they could look like very different public companies. they could trade very differently. lyft's cofounders are reportedly looking to go the way of some of the biggest tech ipos of the last few decades, google, facebook, snap, that is maintain control of the company through a super voting share structure uber on the other hand, its government structure was overhauled last year when soft bank became its largest shareholder. the deal limited founder travis kalanick's power and put in place a one share, one vote structure. each would have important ramifications of how they are traded when they become public, as both have indicated they would this year. if lyft cofounders, john zimmer and logan green, they take near-majority voting control, lyft will be nearly immune to attacks

you have uber and lyft.vestors will invest on both which is kind of important for lyft to get out first, so people don't blow their wad on uber before lyft can get out there. that is one especially we see autonomous cars come in, those companies are where autonomous cars go is ride-sharing to. get in on where technology is headed, the next big thing in technology, that is a good way to play it. stuart: i think you're right, jeremy. thanks as always for joining us. we'll see you again soon. thank you very much. >> thank you for having me. stuart: a number of consumer groups are urging feds to probe facebook over violating children's privacy what exactly are they supposed to have done? ashley: tricking children into making purchases while playing games. you can get the add-ons while playing videogames. they're accused getting kids to use mom and dad's credit cards, what have you, into buying these things. also when the parents find out, making it very difficult to track down how to get refunds on these things.

here is a look at the two uber accounts recently rented out to us, no questions asked.never used the accounts, we never drove on them but we were able to see the app histories. the seller created this account from scratch, using the personal information of a guy named benjamin. four different cars signed on to this account, which logged hundreds of trips across the bay area, in just a few weeks. uber tracked down the seller, linked him to even more profiles, and deactivated one of them. a company spokesperson says law enforcement is now investigating potential fraud. uber says its security tool should keep anyone who rents an account from actually driving, but it's looking into just how many people got taken for a ride. lyft told us last year it has a special team to investigate fraud. this scheme that puts unvetted drivers behind the wheel can be virtually impossible for passengers to detect, but there is a way for law enforcement to check ride share apps and find fake drivers. to see how, head to our website, nbcbayarea.com/investigations. >> thanks, liz. >>> coming u

uber eads is with mcdonald's.of them have their own -- eighth is with mcdonald's -- uber eats is with mcdonald's. italy: what advantage does an ipo give -- emily: what advantage does an ipo give? olivia: employees and investors, people that want to make money, it helps with that. post mates made a lot of money, it raised $100 million recently and before that $300 million, so it is not like it doesn't have cash, but the timing is good. the ipo market is hot, keeping me busy in my new role. they saw this was a great new window. they are one to watch. maybe another larger company would want to acquire them. that could happen. uply: uber has been straight , they are experimenting with groceries. his post mates looking to expand beyond food delivery -- is post mates looking to expand beyond food delivery? [speaking simultaneously] is alreadyt mates doing grocery delivery, and they have a deal with walmart where they will deliver groceries. a lot of people don't realize but there is a delivery partner for apple and tech

i think there will be strong demand for uber.f you want a strong company that can earn one billion plus users, there are not many to own. this is one of these assets. emily: mitchell green, great to have you. thank you both. shares of the new york times hit a 13 year high wednesday as online the subscription rose. the publisher added 265,000 new digital subscribers last quarter. it ended the year with over 3 million digital customers. the times says it wants 10 million paying customers by coming up, shares of take two 2025. and electronic arts dropped. after the video makers reported disappointing results. will they be feeling the pain of the fortnight affect -- fortnite affect? this is bloomberg. ♪ emily: striped, the most valuable payment startup -- totaling $100 million. the deal pushed the valuation to $22.5 billion. speaking to patrick collison, he warned the biggest headwind for company is coming in 20 years, meaning international expansion will be more difficult. in fintech isn getting fierce. nomura said square downloads

the trouble is that uber is already in pa rt trouble is that uber is already in part of that market, at this stage. well, uber is but so is my taxi, a dime alert brand, and important to know that none of these are profitable yet. they are bringing in revenue is still losing hundreds of millions every quarter. the real advantage for auto—makers right now is that they have enough capital to play the long game. they wa nt capital to play the long game. they want to get in now, establish a scale for their business and perhaps that they can wait out companies like uberor that they can wait out companies like uber or lyft who do not have additional business to fall back on until profits arrive at. quite interesting where we can imagine here whereby the likes of bmw and dime alert him a pretty competitors, combine forces. yeah, it really is and we see more of that throughout the auto industry. back to last week with ford and volkswagen announcing a collaboration. look at honda putting money, $2 billion, into general motors automation subsidiary. i think we are seeing right now is that there

. >>> plus, we'll look at whether uber has a uber problem ahead of growth of a highly anticipated o.cars. all ground personnel please clear the hangar. trips to mars. $4.95. hydroponic farms. robotic arms. ♪ $4.95. delivery drones or the latest phones. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. >>> welcome back take a look at how we finished the day on wall street dow industrials up, 443 points outperformer on the day. s&p 500 up just over 1%. s&p now up 18.25% since the low on december 24th nasdaq lagged. did not really participate russell 2000 up 1.5%. >>> check out shares of mattel today falling more than 18% largely in the last hour of trading and finishing with the worst intraday performance since 1999 after the company issued some pretty weak 2019 guidance projecting earnings well below expectations just last week the stock rallied on strong earnings and now the company, mike, saying flat sales. so basically, no sales growth. >> yes. >> i think that was the big surprise and reading a cnbc.com article quoting an analyst telling us either

lyft and uber both responded they are not commenting on this but seems like uber and lyft would be rewardingt active drivers. i went straight to the source. called dozen uber and lyft drivers to come to the fox building. jumped in got them to come to the go on air. >> i think uber, it's a good company. you know like everybody uses them more than lyft. >> i like cash because if i, if i getting cash, because it, i spend money any way i want. >> i prefer cash. i don't know i prefer money, my money. reporter: cash might be king to these drivers but we have a very unusual situation where an average investor could get an ipo price and what is also unusual too, these are contractors, they are not full-time employees which means it is very unlikely they could get stock. could be a big deal if it goes through for a lot of these drivers. i will end with this, latest news we're getting right now, valuations of the two companies on the screen, the latest news from bloomberg, uber is in talks to buy a dubai-based rival called kareem for $3 billion. i haven't been able to confirm that just yet but it woul

in the market at the time uber goes public.ly lyft ipo >> it seems unlikely anything could happen >> a lot of these bankers are in new york city where uber dominates. lyft is a big player in the rest of the country >> and loyal customers feel like they prefer lift for i don't want to say cultural reasons, but it was the nice uber, personal reasons. >>> president obama offering a warning about deepfake videos on the internet >> we're entering an era in which our enemies can make it look like anyone is saying anything at any point in time. even if they would never say those things >> president obama didn't even say that, that was comedian and director jordan peele who created that video to warrant public about how convincing fake news and manipulated videos can be now axios has an article written by a.i. -- deepfakes to me -- this is a pretty new phenomenon. >> it's a new phenomenon the video worries me more than that axios story what bothers me is people taking things that are 99% true we've seen these -- jussie smollett things.

. >>> uber rampage. the driver who killed six people and now the never-before-seen video. >>> the insane close call. a skier trapped in an avalanche. the whole thing caught on helmet cam and the remarkable rescue. >> we got you, buddy. ♪ we will, we will rock you >> and on the eve of hollywood's biggest night, what we're learning about the secret star who's really behind the music of "bohemian rhapsody "? and in the most unpredictable contest in years, which superstar will? ♪ leave you all behind and face the truth ♪ >>> good morning, america. s,uys. here. 's great to be we've got a little srn. syriy morning here starting with that powerful new storm moving east as we just said bringing snow all the way to california and las vegas. >> if you don't believe us, take a look at this. a snowman in front of the iconic las vegas sign and that is a rare sight. schools are shut down on a rare snow day. and ginger, you're tracking it all. good morning. >> school is closed in l.a. this has only happened for the thi