if people like ridesharing they may not like uber so they can feel okay using lyft. >> at least uberas the #. >> half of the people deleted their accounts in three or four days. internally the corporate culture at lyft is nowhere near the way it was at the uber so you can feel slightly better about yourself or that. as far as driver conditions and if you care about wages and labor conditions for drivers like some would say the erosion of labor rights on how gig workers are not employed than if the same thing basically. >> i would like to ask you what is the current status of uber and the question comes, and from chicago and they are opening up a big office in chicago. if i was a techie, and i have a son who's a techie and all things being equal what i really want to go to work for uber with the technical support role? it seems very high-risk. >> there's this weird position where last earnings they lost five oh yeah dollars which is a lot of money and they have a lot of employees so they are laying people off. at the same time they are trying to expand into different areas like truck

if people like ridesharing they may not like uber so they can feel okay using lyft. >> at least uberas the #. >> half of the people deleted their accounts in three or four days. internally the corporate culture at lyft is nowhere near the way it was at the uber so you can feel slightly better about yourself or that. as far as driver conditions and if you care about wages and labor conditions for drivers like some would say the erosion of labor rights on how gig workers are not employed than if the same thing basically. >> i would like to ask you what is the current status of uber and the question comes, and from chicago and they are opening up a big office in chicago. if i was a techie, and i have a son who's a techie and all things being equal what i really want to go to work for uber with the technical support role? it seems very high-risk. >> there's this weird position where last earnings they lost five oh yeah dollars which is a lot of money and they have a lot of employees so they are laying people off. at the same time they are trying to expand into different areas like truck

why are uber branching out into this area, is ita uber branching out into this area, is it a natural if you look at the core business, ridesharing, it is fiercely competitive with low barriers for entry, low differentiation, and that's amounted to billions of dollars a quarter of losses but looking out over as a technology platform, it's about connecting the consumer with someone supplying a service. either drivers and people looking for a ride or uber eats, restaurants, and someone looking for something to eat. as you previously said, it's a huge industry and its only growing. this is their move into a new industry that uses the same technology they have developed to match people looking forjobs have developed to match people looking for jobs with have developed to match people looking forjobs with people looking for staff. would you use it, because your company uses a lot of gig workers? we have built a marketing agency that essentially uses a number of in—house staff, but that supplemented by skills we wouldn't have internally so marketing has diverse skills in it that we need to,

and as uber test launches its new "uber works" service that puts casual workers in touch with employers we want to know if you think it's a good move? would you sign up as a worker or business? let us know — just use the #bbcbizlive. hello and welcome to business live. for one last time and i'll explain later. we start with uber, the taxi giant has been branching out into everything from food delivery to electric bike hire and later today it's launching this — uber works, an app that puts casual workers in touch with employers. it will allow say a waiter or a cleaner to compare pay rates and conditions and sign up for shifts. the system will start on a trial basis in chicago. uber works is designed to cash in on the massive growth in freelance working via digital platforms known as the gig economy. nobody really knows how big it is. but, according to estimates by staffing industry analysts, it was worth $4.5 trillion globally last year. to put that in perspective, in the us, 53 million people did some kind of freelance work last year, often on top of a regularjob. that equates to more t

uber has made some steps, particularly in america, where this seminal court case has found against uberghts and give them some sort of stability but at the same time you can't do that too much without taking away the flexibility people really enjoy. interesting, and we will talk more about this later in our business programme. but for now, simoney, thank you. the united kingdom and the united states have signed what both countries are calling an historic agreement on sharing data. it's intended to dramatically speed up investigations into criminals‘ online activity. the reciprocal arrangement means law enforcement bodies could demand terrorists‘ and child abusers' electronic data directly from technology companies based in either country. the uk home secretary priti patel announced the agreement along with the us attorney general william barr after a meeting in washington. this will effectively leave callous criminals who exploit the internet with nowhere to hide. 0ur law—enforcement agencies will be finally able to get a mind to the data they need from internet giants to bring people w

uber is going to violate that. the city needs to enforce the law against uber. it reclassifies their independent contractors as employees. the city also can take aim at uber and lyft, the corporations for a business practice that violates our local traffic laws. >> moderator: thank you. thank you. >> let's as a city sue them, get an injunction and force them to geo fence so they don't pick up and drop off in violation of local law. let's do something. [applause] >> moderator: thank you. thank you. thank you very much. [applause] thank you very much. climate change. another issue that's in the news. we have a bay will batter will probably be rising over the next year. starting with mr. lam, how do you plan to make san francisco a greener and safety city, in light of climate change? y , okay. my motto is a cleaner and safer san francisco. i'll stick to that. >> moderator: greener. >> keeping our streets clean -- having housing, you know, walking down the streets, i see so much litter and homelessness. and i want to make sure that organizations like downtown, stree

well, i had had a very long uber ride from l.a.x. i was not a good test case i will say, typically i would not able to tolerate watching a movie in the back seat of my car. i can't be on my phone or working on elon musk t -- e-mail the fact that you might have spacial computing and not have motion sickness would mean a huge leap forward of productivity for me. it's just in the back seat they don't want an airbag to hit you when you have this on or distract the drivers when the cars are autonomous this potentially has an audience or a total addressable market of billions if you look at 50 million rides per day in four of the biggest ride sharing companies globally, already you have a captive audience waiting there. >> was it fun? >> oh, my gosh it is so fun. i had never done vr before for me putting the headset on for the first time and then i'm talking to somebody but when i turn my head i can't see him sitting there, it was so weird would i be the type of person to get in the back seat and play, ford is saying we're going to intervi

sounds like a good bargain in a recession. >> talk a little uber. get off netflix.f the top longs i have a number of points of skepticism. >> yeah. >> what the stock has done since the ipo. you did a survey showing drivers seem pretty happy with the app, talked to the ridesharing guy, he said the newer drivers are happy, but the longer they stay, more unhappy a lot moving against them. what keeps you convinced. >> there are two things you didn't mention most don't want to buy stocks in lock up expiration and the legislation that rolled through california, i think both uber and lyft have to pay more. >> thank you for helping my argument >> having said that, this is a secular growth industry. i think uber has the opportunity to be three, five x bigger they have 70% market share how many businesses have that dominant market share. they're the leading play off ridesharing directly or through investments. they have options in terms of meal delivery and uber freight you get this for two times ev to sale i am willing to do it. if you're willing to take volatility, in 12 mo

last week, just last week, there was a renewed wave of violence against uber drivers, not just uber buter apps as well, so they have to decide if this is the right approach or not, but it seems to be working well. taylor: one of the other approaches you were discussing was working with development authorities that are local and other people on the ground. is that how they were accepted back in the favelas? is that the right strategy this time? fabiola: yes, they were much more careful this time, talking to the residents, and there is a specific favela, and they sponsored soccer matches and events. they were in depth in the community to understand their needs, and they also had a fair to help get more drivers from inside this community, so the community is pretty happy. i spoke to a person who has a stand at the pickup point that uber installed, and it is a physical pickup spot with wi-fi and benches, something i have not seen in other areas in sao paulo, and he said his business is doing pretty well. his pickup point. and all of the riders told me it is much easier to get an uber in a f

i'm really scared for this uber report. i think it will be really rough.yft report was not terrible. the grubhub report was awful. their guidance was awful. i think it is so interesting what they did with the letter they put out where the listed -- where they basically let despite then fire rest of their industry. for good cause, they are in the right saying that i was have good business models. i think that is the case across the board for a lot of these companies. i would not them with a 10 foot pole. taylor: are we appropriately pricing these stocks? or should we see a bigger regulatory discount overhang? leigh: the california thing will be really interesting with the ballot initiative. definitely keep an eye on that. i don't think that is the main thing that will drive this. i think that is a tertiary thing. i think the general aspect of the fact that we are having this conversation at all regarding the input costs, the human input costs of these businesses, that is the thing. taylor: thank you for joining. still ahead, more on apple and facebook's big

does uber does not confirm those numbers.retty scary, right? and this time around, they decided to partner with local entities that foster development inside the poor neighborhoods, and assess the whole region, and design pickup points to make sure drivers and riders are safer around the favelas and not necessarily getting into sidestreets, areas that are poorly lighted. taylor: is that strategy working? do drivers and riders feel safe? to the ones iding spoke to, yes, they feel safer, including those inside these communities, and there are large communities in brazil. at least 10 million people live in the favelas, and they circle around these communities, $20 billion a year, taylor, to have an idea, so it is an important market, and it is growing pretty fast. last week, just last week, there was a renewed wave of violence against uber drivers, not just well, soother apps as they have to decide if this is the right approach or not, but it seems to be working well. taylor: one of the other approaches you were discussing was w

. >>> have you ever thought about banking with uber? uber is thinking about it.t the rideshare is doing now to make uber money a part of your digital wallet. need a nice reward today? treat yourself to a heath bar. because nothing says special like rich english toffee. ♪ heath, it's english toffee >>> good morning. here is today's top business headlines. wall street could see some red arrows for the opening bell. stocks rose yesterday with the s&p 500 index closing at a new record high as earnings continue to beat expectations and investors are optimistic about a u.s./china trade deal. on the watch list, home prices, consumer confidence and pending home sales. we get earnings from general motors, mastercard and merck. >>> boeing's ceo will tell congress that the company made mistakes with the 737 max and it is throwing everything into fixing the plane. dennis muilenburg will testify today and tomorrow. boeing faces investigations and a criminal probe by the justice department. it's also being sued by some of the families of the 346 families who died last year. >>

>> doing well, better than uber or peloton shares. >> i know. >> what is this saying to you?like i said last week, math math is an issue these people are wondering how they're going to be economically viable about raising prices, getting smaller. they haven't grown into massive valuations that major investments from softbank have put on the heads of companies. they're sort of too big for their britches. >> were there just too many though even companies that look economically good, zoom, pinterest, they ran up, came down it is not just companies with dubious business liners that are performing oddly there's more ipos coming to market this year than ever before maybe just too many. >> not too many, i think just the valuations, private valuations, how long it took to go out are too high. retail investors are not having any of it. i think it is a bubble atmosphere in silicon valley after softbank came in with all that money not to say that peloton is a great business, pinterest, but they're not worth that much. i think that's the disappointment i had some people from all these co

uber is a big part of that.n't be good, they are trying to raise money for the second vision fund, and you get something like this. >> the optics are not good as they are trying to line up key investors in this vision fund. they have big backers in the first fund, where they are mostly having middle east money, as well. the public investment fund of saudi arabia, from abu dhabi. the timing is awful right now. upwards of $7 billion. $5 billion is what we are estimating, according to people familiar with the situation. that is saying it could be larger than the first. the optics and timing are very bad right now. david: good stuff, stephen engle, our chief north asia correspondent from japan. we are heading to india. we are looking at the market open. 56 minutes 15 seconds. we have a set up of the friday session. davina is with us. >> before i start off wishing everybody a very happy there molly, all of the viewers and don'tys, hopefully -- i see that happen in today's session, but from the index and market consol

that was what uber did and that is not -- that did not work either.s with a really good manager in dara, but he is just a manager. he does not know where to take the company in the future, and the market is reflecting that. we are going to be tougher, we are going to have higher standards, and we are not just going to in order to win a deal say yes to whatever our founder once. taylor: do you have to see a path to profitability? are you ok not seeing that for five to 10 years and hoping it will come later? >> i have to see how we ultimately get there without saying if we become the amazon of x, we will be really profitable. anyone who is the amazon of anything is going to be profitable eventually, but unit economics have to get better and you have to pay more attention to that. i think growth is a little less of an absolute priority, and this notion of they have gathered all this data or all this market share and they will figure out how to become profitable -- if you cannot tell me at least what theoretically the past two profitability is, you probab

uber is continuing with its vision to make that happen. sense this is an added cost or does this help uber get to that elusive profitability that investors have been wanting them to get to? lizette: the share price, it has been one of the more disappointing ipo's of 2019. its share price is still trading at 33% off its may ipo. because deal terms are not disclosed, we don't know exactly how much they spent for this majority stake. taylor: we will keep guessing. that was lizette chapman. thank you for joining me. still ahead, we talk about the trade fight and stocks index that continues to outperform the s&p 500. that is next. this is bloomberg. ♪ taylor: let's get a look at the top tech stories. cloud strike as goldman sachs rejected to a sell. while the company has strong growth prospects come of the stock is trading at a high valuation relative to peers. goldman downgraded the price target. shares of tulio close higher friday after rbc initiated coverage of the stock would outperform with a price target of $135. the company is one of the

investors putting the pedal to the metal on uber. we'll tell you what's driving the action skipping breakfast why the most important meal of the day could leave wendy's investors with serious digestion. the president talking about china trade deal let's get to eamon javers live at the white house with the very latest >> reporter: the president was in the roosevelt room part of a signing ceremony for a smaller trade deal with the japanese but talked extensively about a trade deal between the united states and china given negotiations are kicking back up this week. the president was asked if he would accept a smaller deal rather than waiting for that grand big deal that he's been pushing for. here's what he said. >> i think that we just have to see what happens i would much prefer a big deal that's what we're shooting for can something happen maybe. in guess it's probably unlikely >> reporter: i also asked the president whether or not he told xi jinping as has been reported he would remain quiet about the hong kong protest during the c

. >>> and how do you tip your uber driver? new details on who tips the most and which drivers are bringing in the highest tips. >>> and taking a look at the bay bridge toll plaza, you can see some backups, some people freely going. mike is going to get us caught up on what we can expect throughout the morning in the bay area with that commute. you don't want to miss that. you're watching "today in the bay." i'm leah. and that's me, long before i had moderate to severe rheumatoid arthritis. i've always been the ringleader. had a zest for life. flash forward: then ra kept me from the important things. and what my doctor said surprised me. she said my joint pain could mean permanent joint damage. and enbrel helps relieve joint pain and helps stop that joint damage. ask about enbrel, so you can get back to being your true self. enbrel may lower your ability to fight infections. serious, sometimes fatal, events including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions ha

could operate more like uber.le expressed fears about safety and whether roads could cope, but all the divergent attitudes and oppositions boiled down to the two main groups. through the platform, the next agreed step was to launch a site, which is being debated tonight. so before polis there would be people on polar opposites who would refuse to sit down. but when we switched to polis, it never happened again. audrey sees these changes driven by hacker culture for the health of democracy. my question is whether what we have seen is really, truly here to stay. the v stands for virtual, but it can also stand for vulnerable. but i think the spirit of collaborative governance is larger than any particular experiment. for that, i think it is enduring and inevitable. if the democratic institutions do not hold ourselves accountable to this new culture, then we risk being rendered irrelevant. the legitimacy of institutional democracy will go further down. hello, and welcome to the week in tech. this week, apple ceo tim c

the huber ceo says they have plans to revamp the company and address investor concerns -- the uber ceoays they have plans. and digital fallout after democratic presidential candidate elizabeth warren posted a deliberately false ad on facebook. separating fact from fiction. but first, to our top story. is considering handing over control to softbank. they are convinced they can turn around the once high-flying started. wework is also weighing financing led by jp morgan. to discuss, i am joined by my , and, ellen, let me start with you. i want to separate the different deals. first, softbank taking control. what can softbank do that the other co-ceo's cannot do? ellen: this discussion going on softbank, itk and is, look, the outlook is not good. more. interested in doing and if they did take a larger stay, maybe that could change the company, so i think the discussions on the table are about mid to long-term plans, trying to get expenses under control, all of the things that wework has been criticized of. if something were to come in and take control, do we know how much money they would

but in 2016 when it happened, uber was a very different company.ant the data breach to become public so they paid off the hackers and tracked them down, but not to turn them in. prosecutors say uber launch wanted its own version of a manhunt to track down the two 20-something hackers that extorted the company out of $100,000 in exchange for a promise to delete 57 million user files they stole offer a third-party server. the justice department says within weeks of paying the ran some, uber levels showed up at brandon glove's winter park, florida, home and found vasile mereacre at a hotel restaurant in toronto, canada. the pair admitted their crimes, but uber didn't turn them over to the cops. instead, they had the hackers sign nondisclosure agreements promising to keep quiet. do you feel that uber acted responsibly? >> absolutely not. >> reporter: dave anderson is the u.s. attorney for the northern district of california. have you seen the company ask for an nda from people who ripped them off before? >> i can't think of another case that our office

could operate more like uber.rs about safety and whether roads could cope but all the diversion aptitude zen oppositions boiled down to the two main groups. through the platform, the next agreed step was to watch a site, which is being debated tonight so bill up before polis there would be people on poor opposites who would refuse to sit down. but what we switched to polis, it never happens again. audrey sees these changes driven by agriculture vital for democracy. my question these changes driven by agriculture vitalfor democracy. my question is what we have seen is really truly here to stay. the v stands for virtual, but it could also stand for vulnerable. but the spirit of collective... it's a gorgeous than any experience. i think it is enduring and indeed inevitable. if the democratic executions do not hold ourselves accountable to this new culture, then we risk being rendered irrelevant. the relativity of institutional democracy will go down for some —— if democrats do not -- it down for some —— if democrats

>> ipos or anywhere else that you're screening in the market now. >> i mean, i bought uber at the endlast week i think uber provides i think enough up side, looking at my portfolio now, that's a stock i'm watching the most because i think at least for me, provides the greatest potential up side >> all right that says a lot. professor, good to see you again. hurry back >>> still to come, raymond james taking its target down on netflix. we're going to keep an eye on that ahead of earnings this week >>> but next, elizabeth warren's fake ad fight with facebook. back in a memont but we're also a company that controls hiv, fights cancer, repairs shattered bones, relieves depression, restores heart rhythms, helps you back from strokes, and keeps you healthy your whole life. from the day you're born we never stop taking care of you. >>> i am brian sullivan. here's what's coming up. stocks are unsure about phase one trade deal but earnings season is back, big banks on deck. how experts are positioning their portfolios. >>> data storage stock western digital surging 60% just this year analysts

stock $45 price target is 50% higher than uber shares are right now uber getting a little bump on the up 2.5% but it literally crossed just a couple minutes ago. >>> speaking of ipos, as stock futures point to another rocky start for the overall markets, some are looking to one area of the market possibly to blame for stocks performance as of late. that is the ipo market according to data shares of technology startups and other companies that went public in the u.s. this year are trading roughly 5% above their offering price on average yes, that's positive but it is far short of the s&p 500s nearly 18% jump let's take a look now at some of the worst and most notable debuts of the year, smile direct down 34% uber we mentioned it, 33% down from its ipo lyft, peleton, slack and the real real looks pretty good being down only 1% from its ipo price. joining us now to talk more about this is corporate finance and deals editor at the financial times. and he joins us this morning great piece. so for our viewers who couldn't read it and shame on them but they couldn't read it, what is the over

uber ifo ask you about we can. we did have a story saying that uber's u.s.ft's margind ly expansion in the u.s. do you agree with that? dan: i agree. i think right now there's a lot of pressure on these companies in terms of managing profitability. this is a learning season for lyft as well as uber. right now, investor credibility is really small in terms of what you are seeing on these stocks, and they need impressive quarters and guidance going forward to move. taylor: wedbush analyst dan ives, thank you for joining me. all things tesla, lyft, uber, and profitability. still ahead, the streaming wars continue and apple wants to be on top. we discuss apple's plan to gain the top spot in a crowded market next. this is bloomberg. ♪ ♪ taylor: shares of apple hit a record high this week. morgan stanley has raised its price target to the highest on the street. the firm calls for apple to hit $289 a share mostly on next month's release of the apple tv plus. that implies a 20% upside from tuesday's close. and sticking with apple, the tech giant is buying its way in

launched an app called uber works top workers with businesses looking to plug gaps.t will show workers available jobs and help companies who struggle with missed shifts and high turnover. users can get detailed information including pay, location, skills and work attire. uber says the app will enable time tracking, allowing people to log their break. >>> nearly half of americans enrolled in airline and hotel rewards programs have let their miles or points expire. millennials are the most likely to lose rewards. almost 60% forfeited hotel points, 50% airline miles, and 44% credit card rewards. bank rate says those points and miles have value just like money and you can extend expiration. that includes donating your clubs or miles to charity. >> i've been pretty bad about that but my husband watches like a hawk. >> i watch mine, too. >> good. we all need to get away once in a while. thank you, contessa. >>> back to that breaking news, that deadly crash on highway 101. mike? >>> highway 101 is closed down as you travel north into san francisco. the surface streets are y

the uber ceo says they have fired hundreds of employees, part of plans to revamp the company and address investor concerns. the stock is down 30% since is ipo. and stake out digital ad fallout after democratic presidential candidate elizabeth warren posted a deliberately false ad on facebook. more on social media's role in separating fact from fiction. but first, to our top story. wework is considering handing over control to softbank. bloomberg has learned that the japanese investment bank is convinced they can turn around the once highflying startup. wework is also weighing $5 billion debt financing led by jp morgan. to discuss, i am joined by my guests, ellen huet and michelle davis, and, ellen, let me start with you. i want to separate the different deals. first, softbank taking control. what can softbank do that the other co-ceo's cannot do? ellen: this discussion going on between wework and softbank, it is, look, the outlook is not good. we like that you have two new co-ceos we are interested in , but doing more. and if they did take a larger stake in the company maybe that , could

can we continue the conversation about the show is that okay >> uber. >> okay. >> uber. >> stumbled 35%rom the all-time highs this summer, city thinks the time to get into the name arrived and upgraded uber to a buy, 45 bucks the price level. josh brown, i'm going to give it to you because you were in the shares and then you were out >> yeah. >> still snout. >> out >> i'm not in. >> i would get back in but like for me, i want to own this thing in an uptrend. it's such an uncertain situation. the valuation is so insanely large, even despite the fact that it's come down $30 billion. >> did you tell me it was in an up trend >> no. has not been in an up trend since it came public. >> what you said it's up and that's why the market looks good because -- >> it's up today yeah stock is up today. >> that's why i was coming back to you on it you thought this was the beginning of some sort of trend. >> well too soon, but possible the chart -- >> tell me after the trend is intact >> yes it reduces risk. >> i know. >> the chart remains a crime scene. for about the chart. the critical things that ha

it has been a very rough run on deck, do you tip your uber driver a surprising new stat on what ridersay or don't pay. your rbi, a baseball stat that will open your eyes and probably make yankee's fans see red coming up. so servicenow put your workflows in the cloud, huh? mm-hm. your employees must love you. thank you. ah, you could say that. so how are things with you guys? great. thank you. thank you, sir. lunch next week? terrific. say hi to the team. will do. call my office, i will. -sounds good. alrighty. servicenow. works for you. with sofi, get your credit cards right- by consolidating your credit card debt into one monthly payment. and get your interest rate right. so you can save big. get a no-fee personal loan up to $100k. >> welcome back. time for this morning's top trending stories a disturbing one about uber tipping or lack of >> i learn so much about you do you tip your uber drivers >> damn right. >> chances are, you at home probably don't only 1% always tip nearly 60% said they never did the average tip is 50 cents. men are more likely to tip than women. but women driver

. >>> and now uber has a way to get around using public transportation. here is how it works. once you entered your destination in the app select transit instead of uber x or pool and you'll find either b.a.r.t., bus, shuttle, train or ferry and how long it will take you to get there and how much it will cost. ride sharing like uber and lyft arender fire accused of adding ar on streets and in a recent study university of kentucky researchers found that bus ridership is down 13% in the bay area and they point the finger at the ride sharing services. uber plans to roll out to additional cities by year's end. >>> felicity huffman is half way through her two-week sentence in dublin as several bay area parents change pleas from not guilty to guilty. a new video showing her in dark green prison garb outside of the bash b wire fence to meet her husband william h. macy and her daughter. she is the first to go to jail but eight other parents have been sentenced to prison time. two are from the bay area. now just last week jury business owner margry clapper was sentenced to three weeks

uber announced uber money, a new division pushing deep near financial services which includes a digital depepebit and credit cards. >> if we could do it it fastest we bring the idea of cash to the digital world. >> ebay laid out the strategy to bring the payments process in-house to better serve the platform's merchant. >> we're grounded in creating better experiences for buyers and sellers. and control the payment experience. >> facebook hill of libra defended the company mission to reshape global finance with the cryptocurrency. >> any will trust us because we will provi value, make strong commitments and be very, very good at t sticking commitments for long periods of time. >> taking more control of the paymenprocess, can allow companies to cut costs and generate new r renue streams. but pushing deeper into the space won't be easy. and few can companies do it aloneere at mon 2020, partnerships they are key. and thousan of participants from banks, investment firms and so-called finish tek.lo financial tech start upare ready to facility it. the amazon is bringing bill payment to alexa.

from uber eats self driving vehicles are losing their jobs. uber said this is the last of a string of layoffs as the troubled ipo. the rideshare company has been losing around $1 billion every quarter and already slashed hundreds of jobs earlier this year. >>> uber writer was struck and killed on la freeway this morning. after jumping out of the vehicle during a fight with another passenger. the incident caused a massive backup on the road 101. officials say the passenger jump to concrete wall dividing the two sides and was running across the eastbound lanes. the victim was pronounced dead at the scene. >>> parents of a british teenager killed in the wrong way crash are in the united states to convince an american diplomat's wife to come and face justice. 19-year-old motorcyclists harry dunn was struck on a rural road in the uk. the driver ansa coolest returned under diplomatic immunity. the incident has caused a diplomatic between the two allies. the u.s. refuses to send her back. now the victims parents have come to the u.s. to break the imp

has a connection to uber.wo names, probably more of a connection than softbank wants at this particular moment. softbank will probably lose quite a bit, if wework as we know, already pulled its ipo. a disaster. no other way to say it. laying off 2,000 employees. will run out of cash in november if no emergency financing comes through. wework has 29% stake in that. at one point the company was valued at $47 billion. it is now estimated around 7 billion. so softbank, jpmorgan, may, or may not, save wework. it definitely needs saving. and you know, most analysts are saying, wework, softbank, pardon will have to write down at least $2 billion on that investment if not more. urban legend that mr. sawn, softbank ceo, decided within 30 minutes to invest and get on the wework trail. probably a little bit after hasty decision he may now regret. ousteds disgraced founder adam newman. softbank has more exposure to uber than it might like. $7 billion went into the ride-hailing firm. uber's stock down 30% since the public

we discuss all things portfolio including we work and uber. plus, competition heats up an online food ordering. i get the scoop with a platform for the restaurant industry. no longer paypal. paypal confirms it is bailing us commitment to facebook cryptocurrency project. why analysts think that is a wise move. but first, to our top story. loftyank set some investment goals. so far returns have not lived up to expectations. have a long still way to go and that makes me embarrassed and impatient. i used to envy the skill of the markets in the u.s. and china. he goes on. " there is just no excuse for entrepreneurs in japan, myself included." joining me to discuss is sarah mcbride. what was your key takeaways from this interview? sarah: it turns out that masa yoshi son was being asked about the japanese environment and so, you can interpret his results to be more broadly, why aren't there more entrepreneurs in japan? he specifically mentions southeast asia. there are number of unicorns out of places like singapore. it's hard to see anything similar

here's tech bites. >> uber is set to release a new app that will help you find a job. >> uber works debuts friday in chicago. it will match shift workers. the app tracks pay information and the number of hours worked. >>> microsoft had a surprise up its sleeve unveiling a new folding phone at its annual hardware event. >> the surface duo runs on android. the side by side displays can run two different apps at the same time. it will launch late next year. unclear what the price will be. >>> our cell phone typing speeds have almost caught up with how fast we type on regular keyboards. >> a new study says thanks to features like auto correct and the two-thumb method we are typing 70% as fast on mobile devices as we do on full-blown keyboards. >> she's a fast one. >> those are your tech bytes. >> i think that's true. text fast. you can text without looking. >> we think -- i don't know. >> mess up and send the wrong texts. >> i don't know how many times i've done that. all kinds of spelling errors. >> we knew what you meant. >> i hope. >>> the trump administration escalates its war with san fra

plus, uber scooters. stalling out in los angeles. why taylor swift may not be enough to get the chinese to buy american on singles day. that's all ahead on the exchange what i love most about being a scientist at 3m is that i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. from packaging tape... to tape that can bond materials to buildings... and planes. one idea can unlock a breadth of solutions. at 3m, we are solving problems that improve lives. on...owning and running the biggesta small business is finding the right people. in hiring our first recruiter, we decided to post a job on linkedin. they had to have worked... ...at a recruiter firm and be bilingual. when we saw ana maria's profile... ...she had a ton of experience in hr. the interview went really well. and she seemed like someone who could really sell mckenzie to perspective employees. we found the best person to find the best person for us. post a job today at linkedin.com/grow >>> wel

. >> no i'm talking about uber when you look at deliveries with uber they try to roll out nationwideext year so if they're nationwide here and now they have the agreement with alibaba that they're all over the place in china as far as delivery, don't you want people to your pinpoint getting in picking up in store, buying something else >> is that person going to do that or are they just not going to go i think they're not going to go. >> i don't know, i mean it's the person familiar with the product you don't sit there saying wow i'm getting mobile delivery. it's a person in the store and can get it in the office i would think you want them -- you don't want to make it too easy. >> making a purchase you might not make the other thing we see about deliveries, the tickets are larger tickets on delivery if you look at the larger ticket on delivery and it's for every fast food players but for starbucks delivery. >> i was trying to figure out how they increase margin a year ago i got a croissant. >> they sell croissant. >> this year about a fichgt of the size for the same price. >> maybe

uber says only adults 18 and over can use the service, but the uber app doesn't require a birth date an account. >> this company needs to take responsibility for their product and the service they're providing to the public. >> reporter: the victim's family says rideshare companies like uber need to da tter job of vetting their drivers. what would your advice be now to young people who use these apps like uber all the time? >> they shouldn't trust it. there is no 100% guarantee of your safety. >> our thanks to linsey there. williams has been charged with a number of crimes including second degree kidnapping as a sexually motivated felony and endangering the welfare of a child. he's entered a plea of not guilty. >>> the rare moment of silence on capitol hill. the leaders from both sides of the aisle coming together to honor congressman elijah cummings ahead of his funeral today. >>> why the best hitter so far in this year's world series will be allowed to sip some victory champagne if his team goes all the way next on "world news now." anything! at the end of a long day, it's the last

uber eats has 4,000 virtual restaurants globally. handles the tech components on its app. >> the virtual restaurant brings 35% incremental sales relative to what the parent brick and mortar business does on uber eats. >> these concepts are known by many different names. they may vary in their form but all focus on one thing and that is growing delivery business. wendy said it will have two kitchens open before the end of the year to help it grow in areaess that help offer delivery opportunities or areas that may not have worked recently. wendy's is the first big fast food player. >> this is absolutely interesting. a lot of people think fast food will be one of the last places. delivery of fast food can be expensive. there are added fees. analysts say while the concepts may be smart, that's one area that consumers could pull back because you have to pay an extra $4, $6 or whatever. >> you mentioned the real estate which is a very big deal. kitchen complexity haunts a lot of these. does it mean they can't do new items very easily? >> a

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the ride costs are the same as the standard uber cost right now. we are in a very engagable making process providing comments to the c p.u.c. to regulated to help give guidance on how best to implement this by 2024. >> thank you. that is the end of the list of speakers on the agenda. i have a number of speaker cards. i will go through this now. any other representatives of organizations that had been invited to speak but haven't yet come up. okay. erin good man again. >> good evening, commissioners. i did work on the san francisco housing authority and sunnydale project and that was one of the prime issues we pushed with sfmta is the future vision for connectivity especially in 10, 7 where it is going. i was on balboa park for a couple terms. we looking at city college. before that it was the 19th avenue transit planning issues. we have just seen sfmta start back up the initial stuff on the connection. i hope this committee can get out of the weeds of smaller issues and look at the bigger issues of transportation planning in the city because there

and uber is expanding, launching a temporary labor service in chicago called uber works. it matches workers with available shifts in a variety of workplaces including food manufacturing plants, catering businesses and restaurants. users can see the pay being offered and the schedules available, and workers can use the app to clock in and out of their shifts. right now it's only in chicago but certainly we could see it in other places. >> interesting. thank you. >>> uber is moving from the road to the air. >> they are now offering uber copter service. one option has users by passing street traffic and jumping in a helicopter to get to jfk. you can get to the airport from lower manhattan. >> this is a great opportunity to provide value to the riders in a way to get to jfk even faster than they can now. >> the flight takes about 8 minutes and costs about $200, and includes ground transportation and passengers can bring along a small suitcase. >>> should we take a chopper to get around the bay area this morning, sal? >> we could. i would say it would be a great way to commute

i take my dog in uber all the time. look, this is innovation.puppy. if you try to take him in a new york city taxi cab, they would literally throw you out. this is uber innovating and helping people live their lives at lower cost, a great advantage, not a great stock, but a great advantage for anyone who has a pup like myself. >> i think that's a good idea. david: gary, we have a picture of your dog too. >> i take my dogs all over the place. they are in my car. they are in my bed. they don't leave me alone. they love me to death. winston and cosmo. winston for winston churchill and cosmo for cosmo kramer, two greatest dogs on earth. david: i love it. i have a little dog. luna, she's only 10 pounds. luna fits inside of a bag. i bring her into cabs and nobody knows the difference when they are there. but the question is, what happens to people who are not dog owners who get into one of these cabs after wards? can you smell it, kristina? >> i have a very sensitive nose so i can smell if you have spray on your body. i can smell everything. according