, uber money, uber drone. i don't even know. >> uber dr. evil. >> uber dr. evil. one bull, one bear, right here on what both these people need to see from the ride hailing company and when its quarterly report is released, what happens? you want to buy ahead of that because it's in 30 minutes. straight ahead on "the claman countdown." imagine a disease is caused by too much of a bad protein, but a company develops a way to actually attack it. what drew me to capital allocation in health sciences was the potential to help many people through investments that help fund medical innovation. my team and i often choose to invest at the very early stages of human trials. investing lets me use everything i've learned as a doctor to help make a positive impact. so that's why i go beyond the numbers. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2

to uber's benefit and detriment.t has kind of slowed down in terms of coming up with new ideas, new, exciting products. on the other hand, the company has tried to crack down. working with regulators and having a discussion. this is exactly the kind of area where the company hopes under dara to be winning. it is unfortunate for the business to make that happen. taylor: to not be hostile, not be dogmatic, but try to create a more friendly working approach. is that the approach they are taking and is it working? eric: i think dialogue, working with cities, countries of estates everything in between, but when they disagree, coming out and saying it. you do see, in the california fight over independent contractor rules, they did sort of say, the referendum, we will put money behind it. we are a company that will throw our weight around more than they might have had after travis kalanick left the job and their reputation was in tatters. i think they are still trying to play the cooperative nice guy to the extent they can.

uber, who has taken uber before? what about falling in love in a uber.t an adorable couple, a $5 ride turned into the ride of a lifetime. they fallen in love, how they met in a uber. plus, one of the kings of comedy, d.l. hughley is here! d.l. is talking about his family, his marriage of 33 years, his journey. i just saw him backstage, he's already saying where is that baby moses? he will not be babysitting moses buddies going to talk to us. on one of my favorites, actor wilmer valderrama will be joining us, one of the stars of "ncis." he has this thing that he called his one hour disconnect, he shuts down everything and focus on him. my team got in my air, "ncis." i was too busy talking about wilmer. meditation, he's going to talk about that and his new hit show. we will john cyber hall, dallas, texas, west palm beach, florida, and portsmouth, virginia. thanks for joining us. so there's this video that's been circulating online for a couple days. there are 3 million views of it. it deals with the realities of bullying if you are a uber pool edger. the v

plus "new york times" reporter mike isaac takes us inside of the early days of uber and its uber nuttyays. with joe maun of waters and jose ferm ossa and jennifer elias this week on "press: here." >> good morning, i'm scott mcgrew. reporters collect things from stories they've done and this is a teacup made out of plastic. the first thing i ever saw printed on a 3-d printer. it was probably 10, 15 years ago. 3-d printers work by adding layer upon layer over and over. they are slow and work with only a limited number of materials. that hard plastic created in layers means my teacup is very fragile. the bottom has already broken off. obviously we've come a long way in the past 10 years. high school the headquarters of carbon where engineers are printing out bicycle seats and football helmets and shoes and products and not just curiosity. this is a factory at work. and look at how carbon makes 3-d prints right out of a puddle f. this reminds you of terminator pulling itself out of a puddle in the movie, you are not the only one. carbon engineers thought the same thing. joe desimone is the

the pressure is on now really uber as they look to diversify from uber money, uber eats, growth of all those different lines of business. i want to take a look at a chart here that i am showing in my terminal. you are showing some of those profits impact the yields of the bonds, yielding almost 8%. a lot of this is the cost of ab-5, that legislation that takes effect january 1. they are saying that could cost them thousands if not millions of dollars. it would force the companies to treat the drivers as employees, not contractors. caroline: let's return to the inside track with sarah ponczek. risks,t uber, regulatory the lockup period is expiring, but your perspective on what has been a brutal time for ipo's. we have pellet on, softbank -- peloton, softbank tomorrow. this?you stand on all of the commona lot of thread is they have been asset light companies and subscription models. if the world is going cyclical, reflationary, inflation picking up, subscription models don't work well. caroline: you think inflation will pick up? to: if you look at employee population ratio, it is telling

how uber controls his livelihood.nd i'm catching a ride with hadi. another one. like so many parts of the digital world, the gig economy was supposed to be a liberation. you 0k? apps like uber were supposed to transform how you worked, work when you want, where you want. but now, many fear that whether it was either in the platforms and how they work or the data and how it's collected, they don'tjust represent the liberation, but also something else — a potent new form of control as well. what i was told is that the closest driver gets thatjob, but i don't believe that to be right, ‘cause what happens is i've seen customers sitting in my car, trying to book a ride and it's not bouncing to me, it's actually going to drivers who are far away, five, ten minutes. that was something i really couldn't believe, so we gave it a go. but although i was physically sitting next to him, the job went to someone several minutes away. uber has now introduced a system that aims to reduce the waiting time for everyone, not just a parti

taylor: when we talk about these differences and similarities between uber and lyft, uber in some wayse the smart one, doing a lot of different diversification, where lyft is clearly the pure north american player. any sense from this week that uber or lyft has the right strategy? what is your opinion? ygal: our view has been shifting on that, actually, not just from this week, but the past couple months. on one hand, uber's global ambitions and multiple business lines, the ability to leverage their platform across rideshare and food delivery, then freight, a small not quickly growing part that createsness, an opportunity for them. over the long run, it is a really big market. if you can see the fundamentals in those markets on a global basis come together, you can see where there is a lot of profit uber in the long run. in the near-term, lyft's strategy is a lot cleaner. the food delivery industry is under a lot more competitive pressures. the economics of that business are under significant question, whether they could last, what the opportunity there is over the long-term. in intern

about how uber controls his livelihood.orning and i'm catching a ride with hadi. another one. like so many parts of the digital world, the gig economy was supposed to be a liberation. you 0k? apps like uber were supposed to transform how you worked, work when you want, where you want. but now, many fear that whether it was either in the platforms and how they work, or the data and how it's collected, they don'tjust represent a liberation, but also something else — a potent new form of control as well. what i was told is that the closest driver gets thatjob but i don't believe that to be right, cos what happens is i've seen customers sitting in my car, trying to book a ride and it's not bouncing to me — it's actually going to drivers who are far away, five, ten minutes. that was something i really couldn't believe, so we gave it a go. but although i was physically sitting next to him, the job went to someone several minutes away. uber has now introduced a system that aims to reduce the waiting time for everyone, notjust a pa

and then for the friend to drive on uber. as soon as we discovered it, we discovered it in may, we notified tfl immediately. so we were the ones who notified them. we also, for every sing one of the 43 drivers, we stop them taking trips on the app. we then implemented a technical fix that glows the vulnerability that exists in the first place. jamie hayward from uber there. let's catch up with the weather news. louise lear has the focus. it is likely we are going to close out the month of november as we began, with a low pressure never far away. over the next couple of days the rain chiefly across england and wales although not exclusively. please tune in to your bbc local radio stations for disruption. this mass of cloud is pushing into the south—west. that will arrive later this evening. we have bands of showery rain ahead of it that will drift steadily north. there is that low moving in for dawn on tuesday. with the cloud it will stay incredibly mild for this time of year, overnight lows of eight to 10 degrees. tuesday mor

so has uber done enough to continue to stay in london?t year, uber announced plans to go completely electric in the city by 2025, but fares would go up to fund the move. uber‘s chief executive, dara khosrowshahi said the plan supported the mayor of london's plan to make the city a healthier place to live. this is going to be an increase in price for our service and that is something that we take seriously. if they were just thinking about the health of the service we should not be increasing price, but we think it is increasing price for the right reasons, and ultimately this fund is going to be a very important part of having better quality air and making this a better city. anna—marie baisden, head of autos research at fitch solutions joins me now. good morning, good to see you. what do we think will happen today? it's really hard to say. we have heard uber executives say that they are very confident that the life will be extended. 0n the other hand quotes from executives at tfl are saying they are not sure either has done enough. even

and similarities between uber and lyft, uber often looks like the smart one, doing a lot of differentcation, where lyft is clearly the pure north american player. any indication that uber or lyft has the right strategy? what is your opinion? ygal: our view has been shifting, not just from this week, but the past couple months. on one hand, uber's global ambitions and ability to leverage their platform across rideshare and food delivery, but growing, small part of your business -- that creates an opportunity for them. it is a really big market. see the fundamentals on a global basis come together, you can see where there is a lot of profit potential for uber and the long-term. in the near-term, lyft's strategy is a lot cleaner. the food delivery industry is under a lot more competitive pressures. the economics of that business are under significant question, whether they could last and for the opportunity there is over the long-term. in international markets and rideshare, there are more than two partners. think it is going to take uber longer to get to the clean point. lyft seems to b

at uber headquarters in san francisco, 11:00 a.m. on wall street. "squawk alley" is live ♪ ♪ ♪ ♪ >>> good tuesday morning i am carl quintanilla with morgan brennan at post nine of the new york stock exchange. jon fortt is in los angeles at the adobe max conference his sit down is a few moments away with shantanu narayen we start with uber shares down, despite the beat as losses for the quarter top a billion. guys, good to see you. dan, how much is this downward trajectory in price driven by model complexity relative to competitors? >> it is a small piece here, no doubt this is a black eye quarter for dara and uber, missing ridesharing metrics. you combine that with what they're spending on eats, that's the one, two punch sending the stock down, could be an avalanche with lock up expiration. >> do you buy the target of adjusted profitability by 2021 >> i do. i think it is not as much stretch as it would appear to be you look at the core ride share business, they came out with segment margins this quarter, 22%, a four percentage point improvement from

these are all areas where uber says, ok, you're worried about whether an uber is safe enough.e can sort of take away a you moreivacy and give safety. so i think on the policy side, debategonna be the big that's gonna rage around uber going forward, just because take hits both ways. but it is really a question of do people expect uber to oversee, you know, a given saying, ok, it's up -- we're matching you with a driver and what will happen is between you and the driver. clearly people think uber needs to police those rides. gonna mean trying to role out some sort of surveillance to keep track of what's going on you're in the car with that driver. ericat was bloomberg's newcomber. as for how the decision affected competitives, the rivalry said it had started signing up drivers in looped and will -- in and will -- in london and will start service within weeks. the indian company says it already served millions of customers in other u.k. cities since its roll-out. to discuss the competition, i a partnerdave klein, at city. >> well, i think there have been a number of issues over t

thank you for the chat on uber and the tech sector.enior analyst, one of the only houses out there with a negative rate being, sell rating on uber when it came out a couple of months ago >> a look at the three futures it looks as though we are going to continue with that today. s&p, dow, nasdaq all higher. dow to the tune of 56 points void by a lot of optimism about potential talks between u.s. and china. >>> opec expects oil supplies to fall over the years ahead of the new world oil outlook. we'll be speaking to the secretary-general later this morning. that is it for today's show. i'm joumanna bercetche "worldwide exchange" is coming up next. (vo) the flock blindly falls into formation. flying south for the winter. they never stray from their predetermined path. but this season, a more thrilling journey is calling. defy the laws of human nature. at the season of audi sales event. rowithout the commission fees and account minimums. so, you can start investing today, wherever you are even on the bus. ooh, like this guy. yeah, i bet he'

if it goes against uber, is this going to be a financial issue for uber, or is it something you think can pass along to the consumer? jamie: we are committed to make sure that drivers who want to earn a living on uber have good work, and there's a lot of things we've already done to make sure that's the case. with insurance cover in the event that they idents or are unable to earn for a period. if we look at the supreme court , we are confident that we will win it, and we are confident that what we do is what drivers want. we give them a flexible way of earning an income. guy: thank you very much indeed for your time today. we really appreciate it. heywood, uber regional general manager for northern and eastern europe. this is bloomberg. ♪ ♪ romaine: we just heard from uber's general manager for northern and eastern europe. joining us on the phone with reaction, dan ives, wedbush securities managing director for equity research. he has an outperform rating for uber. what can uber do to satisfy london's regulators so that they don't have to completely shut down in the city? dan: i thin

uber is out with earnings and it is not a pretty picture.hares falling in after hours training on monday -- after hours trading on monday. growth bookings missed estimates. also light of estimates, uber eats and platform consumers. in tom white,ng analyst with da davidson, who makes a market with uber and lyft. someone said he is a little bit surprised by the reaction given that they are a little bit more positive than negative. >> when you look at the top line numbers, the revenue number was really strong. what the rates tell you is that uber is cutting down on subsidies and showing the improved take rates for both rides and eats. rides growth, booking growth, revenue growth all in line is a sign that they are focused more on profitable revenue growth. taylor: tom, you can see the full-year adjusted ebit are loss, how much is that an encouraging sign they are able to raise processes -- raise prices on the consumer? tom: i think it is nice. i am not sure it is enough given the way that investor expectations have shifted a little bit in regar

the aim is likely to be taking those uber drivers, because uber will no longer be able to operate.eally compete with uber internationally, uber is operating in around 600 cities around the world, what ola has done in india has far outweighed what uber has managed to do. it is operational in far bigger cities. it launched in smaller cities, what is called tier two and tier three cities. although uber had the technology backing of having platforms around the world, ola really invested in its technology here, in its app. and thatis technology here, in its app. and that is what it is touting in london as well, saying it has facial recognition technology to make sure the drivers are who they say they are, and other technology in order to ensure passengers' safety. now, as we heard, softbank has invested ina number of as we heard, softbank has invested in a number of transport firms, both in ola and uber, so even though it might be disappointed in uber‘s news, it might be satisfied with ola. thank you for your update, suranjana ola. thank you for your update, sura njana tewari, ola ola.

wh t me anfor uber, next on power lunch. >>> uber hitting a serious roadblock. london regulators stripping the ride sharing service license to operate in the city. let's check in with deidre in san francisco for more >> major roadblock london is one of uber's most important markets. some 45,000 drivers work for the company and the city is one of five that made up nearly quarter of all bookings on uber's platform last year while uber has been trying to clean up operations, rivals have been busy trying to get a footho foothold uber can continue to operate while it appeals the decision but london's mayor said that he stands by and supports it. >> unfortunately there's a pattern of failures from uber. there's been 14,000 journeys where unauthorized drivers have been drivie ining people around they aren't the driver who the passenger thought they were going to be. >> uber pointed out the risk of losing its london license. it acknowledged such a decision could embolden and encourage other authorities to take similar actions. back to you. >> thank you >> uber shares ar

now we will do a deep dive into the battle for uber. before that i want to share a little bit about mike with you. he's a technology reporter for "the new york times" and is based in san francisco where he covers facebook, twitter, uber and a lot of the silicon valley giants. his coverage won him an award for business reporting, so rockstar business reporter here with us. we are excited to have you. please join me in welcoming mike with this. [applause] my plan for the conversation is to kind of get an overview of the book for how awesome and interesting it is and then the implications for what he found for the story for the rest of the world so maybe if we could just start off if you could some people may not even really know what the story of uber is and then we can be dive into the pieces of it. how did you even get involved in writing this book lacks >> i think by now 2019 everybody has to have some knowledge of uber or how it operates in the world. back when i started covering the company it was 2014, "the new york times" and it wa

we are focusing on uber.ber will today discover whether it has received a new licence to operate in london, its largest market outside the us. the company lost its licence in 2017 over public safety concerns but has had a number of extensions that have kept it going until today. the stakes couldn't be higher for uber which made a loss of $1.3billion in it's latest set of results. it's also facing growing competition from the likes of kapten, a french company acquired by german car makers daimler and bmw. it now operates in the uk, france, portugal and switzerland — and plans to expand to 15 european cities by 2020. and estonian company bolt also has uber in its sights — and it is present in 150 cities around europe, africa, asia and north america. andy cooney is with me now. he's from croud, a digital marketing agency first of all, before we move the ins and outs of uber, do you reckon they will get the licence extended today? i really don't know, i will have to andi i really don't know, i will have to and i

it's a good news/bad news story for uber uber eats is firing on all cylinders. the bad news right? >> losing over $3 on every delivery >> difficult to have all your eggs in one basket but also too hard to have too many baskets. >> we're going to get results after the bell from another new participant to the public market ts and that is the real real. courtney reagan, what can we expect >> so the real real will report its second earnings as a public company after the bell today while high growth was the key metric for these younger companies for so long, investors you know growing impatient waiting for that profit. like recent ipos, it's not expected to be for some time today analysts are looking for a 31 cent loss still, growth is going to be important. as will the take rate or the amount the online consignment business gets to keep from sales of the goods listed there. since the ipo, shares are roughly flat though down sharply in trading as much as 10% we should note there's a decent short position at about 20% in shares of the realreal >> you know, mike santol

although this is about how uber controls his livelihood.of the digital world, the gig economy was supposed to be a liberation. apps like uber were supposed to transform how you worked, work when you want, where you want. but many fear that whether it is the platforms and how they work or their data and how it is collected, they don'tjust represent a liberation but also something else. a potent new form of control as well. what i was told is that the closest driver gets thejob. but i don't believe that to be right because what happens is i have seen customers sitting in my car trying to book a ride and it is not bouncing to me. it is actually going to drivers who are far away, five, ten minutes. that was something i really couldn't believe so we gave it a go. but although i was physically sitting next to him, the job went to someone several minutes away. uber has now introduced a system that aims to reduce the waiting time for everyone, notjust a particular passenger. and this may lead to the counterintuitive situation where your driver can

mandeep: obviously, uber is a global player. they carry that brand everywhere, so the big difference is that uber does not have to spend a lot on performance advertising like expedia and booking.com have to do. they have the brand now. they are present everywhere. it is about improving the unit economics in international markets. we have seen that happen in the u.s. markets. that is why we have seen 39% growth. it is not translating in the american markets. -- in the international markets. latin america was up just 2%. they need to improve the execution a little more. taylor: tom, bear with me as i show another chart to our bloomberg audience. it is all about that lock up expected to expire on wednesday, november 6. a lot of the shares are not trading. it is only about 11%. how much of your analysis, do you think this could be insiders trying to sell out later this week and free up some of that cash? tom: we are expecting some near-term pressure on the stock as a result of the lockup. keep in mind that uber was a private company

although this is about how uber controls his livelihood. so many parts of the digital world, the gig economy was supposed to be a liberation. apps like uber were supposed to transform how you worked, work when you want, where you want. but many fear that whether it is the platforms and how they work or their data and how it is collected, they don'tjust represent a liberation but also something else. a potent new form of control as well. what i was told is that the closest driver gets thejob. but i don't believe that to be right because what happens is i have seen customers sitting in my car trying to book a ride and it is not bouncing to me. it is actually going to drivers who are far away, five, ten minutes. that was something i really couldn't believe so we gave it a go. but although i was physically sitting next to him, the job went to someone several minutes away. uber has now introduced a system that aims to reduce the waiting time for everyone, notjust a particular passenger. and this may lead to the counterintuitive situation where y

to uber's benefit and detriment. it has kind of slowed down in terms of coming up with new ideas, new, exciting products. on the other hand, the company has tried to crack down. this is exactly the kind of area where the company hopes under dara to be winning. it is unfortunate for the business to make that happen. taylor: to not be hostile, not be dogmatic, but try to create a more friendly working approach. is that the approach they are taking and is it working? eric: i think dialogue, working with cities, countries of estates everything in between, but when they disagree, coming out and saying it. in the california fight over independent contractor rules, they did sort of say, the referendum, we will put money behind it. we are a company that will throw our weight around more than they might have had after travis kalanick left the job and reputation was in tatters. i think they are still trying to play the cooperative nice guy to the extent they can. taylor: talking about uber's response, i want to bring in a soun

the pressure son uber.ertising around uber pool. >> those uber shares are down just about 6% on 40,000 shares premarket here in the u.s. willem marx, thank you very much for that update on uber. >>> get to check on some of the other top stories. j. powell is set to speak for the first time following his cordial meeting with president trump last week. powell will appear alongside federal reserve bank of boston president eric rosen gwen at an event in connecticut later this morning and travel to rhode island >>> the price of bitcoin falling to a six-month low on new comments out of china. it's now hovering right around $66 hundred per token. that move erased last month's gains on chinese president x jinping public support of block chain technology. >>> carrie lam is promising serious reflection following a landslide victories by prodemocratic candidates they secured nearly 90% of the 452 district council seats this was first election since a wave of violent protests began in hong kong and saw unprecedented tu

mostly i think it's because uber reported a couple of days later and uber's numbs were much more mixedthe earnings were better than feared but the lesson of the last quarter is that uber is more complicated than lyft wall street doesn't like complication it's not a pure play -- thanks to ubereats and freights and the food division, the uber freights, the freight business went down. uber freight business did well but the rates went down for all freight. now, the stock got hammered on the news, plunging from 43 to 33 and then the pin action dragged down lyft. then both spent months getting hammered then uber rallied 18%. lyft pole vaulted 24%. in this case, i think it was positive pin action from lyft pulling uber back up lyft went public in march and the lockup expired a month later. you had a massive quantity of previously restricted stock hitting the market but most of the insiders who wanted out well, they had sold they got rid of the major overhang then lyft's two senior executives spoke at a wall street event saying that the earnings before interest and taxes and amortization would

lyft is good come petition to uber in the u.s.. -- uber during worse worser,uber doing that's what ie had mayor saying he supports the t fl decision on uber. uber tripsout 15,000 have been with unauthorized drivers. uber has 21 tales to launch the appeal. this -- canch of uber when the appeal and continue operating in london? >> it came as quite a surprise. we were not expecting a flat out nenial like this, or perhaps a extension. uber was operating on a two-month license that was due to expire tonight. it is going to have to make some wholesale changes in its app, which is where tfl has identified the problems. unauthorized drivers are able to use accounts of other drivers. the person taking the right is not being driven by the person they think they are or should be . major changes needed to the apt is goinge tfl and that to take some time. francine: how much has the chief executive chain -- tightened up safety for uber? >> he has made huge strides. that is evident from a writer's perspective. just the amount of information you now get in the app. a lot of these discoveries, these

they say uber has put passengers at risk.ber also faced opposition from drivers of the iconic london taxis. >> for troopers three and a half million users in london, -- for over -- for uber's three nath million users, it faces -- the city's mayor says uber has been failing to protect its customers. >> there are at least 14,000 journeys were somebody uses an uber has thought the person driving is one person but turns out to be somebody else. these are serious failings. >> uber rejects the claim it is unsafe, saying as vetted every one of its 50,000 drivers. >> it will be bad news. for me -- for all of us who are uber drivers. probably, i am going to sell my car. i do not know what i am going to do. >> mayor sadiq khan says drivers should reserve their anger for uber itself. comes as a boost to london's black cabbies who will see a competitor driven off the road. >> if you get rid of uber, someone else is going to walk into their steps. >> they are not really helping anyone. the people who work for ober. the people who compete

uber, it feels like it took forever to go public.he idea that the independent contractor issue wasn't resolved was shocking. that's the reality. thatornia passed a law makes it much more likely that uber drivers can lose their independent contractor status. this is a very live issue and it is a big threat for uber's business model. taylor: you brought up california. new jersey, california, what other states are looking at this? eric: you know, it's hard to count the mall. -- count them all. you have all these court cases that have played out. uber has tried to force those into arbitration. you also have states can set their own labor rules. so, even if a state like massachusetts had the same avc test that was taken over to california, there is a lot of legal wonkery here, but it -- but every state can look at this and that's why it remains a big threat to uber. taylor: another big story we are following when it comes to uber is the former ceo selling about $711 million of his shares. are investors nervous that he's selling out? eric:

there isa and uber has addressed them.ear. essentially that's because uber can appeal the decision, it's got three weeks and it's going to appeal. once it appeals that means that the decision goes to a magistrates' court said the court will decide whether or not uber should have a license. in the meantime, uber keeps its licence right up until the court makes the decision. there was a similar decision. there was a similar decision from tfl in 2017. in the interim once that decision was made, uber addressed some of the criticisms and ultimately the court decided it should have a licence. on the one hand it's quite an extraordinary decision. their ceo tweeting today it's wrong, the decision, darius chris chelsea says it's wrong and over the last two yea rs it's wrong and over the last two years the company has fundamentally changed how it operates in london. on the one hand you could say this is authorities in london taking on a tech giant, holding them to account 01’ tech giant, holding them to account or you could say this

about how ( controls his livelihood. —— uber controls his livelihood. —— uber controls his livelihood and i am catching a ride in an uber. like so many parts of the digital world, the gig economy was supposed to bea world, the gig economy was supposed to be a liberation. apps like uber was supposed to transform how you work, work where you want, when you want. but now many fear that whether it is either in the platforms and how they work on the date and how it is collected, they don'tjust represent the liberation, but also something else. a potent new form of control as well. what i was told is that the closest driver gets the job, but i don't believe that to be right, because what happens is i have seen customers sitting in my car trying to book a ride and it is not bouncing to me, it is actually going to drivers far away, five, ten minutes. that was something i really couldn't believe, so we gave it a go. but although i was physically sitting next to him, thejob went go. but although i was physically sitting next to him, the job went to someone several sitting next to him, the job w

uber hits the ignition on a full slate of earnings after the bell but that's not all uber insider lockres wednesday. freeing up more shares to hit the market if you want to get in on the action buckle your seat belt because mike khouw has a strategy for you. >> we are looking at a call calendar here. you know, as you pointed out there is two very meaningful catalysts. first of all not that much of earnings history for uber. so in cases like this where you have stocks where they recently ipo'd very often the earnings tend to be more volatile than subsequent years after more history and investors are better able to digest the news and information that they are receiving. but of course the lockup expiring is a big catalyst and potentially can put a lot of pressure on the stock. you know, one of the things that causes is exceptionally high options premium. we are seeing the implied move of 13.5% translate to market capitalization of $7.2 billion in the stock but the point i make here is there is two opposing forces we're not expecting good news out of earnings. this is a company burning th

west, this time in san diego at qualcomm headquarters 58 points only for the dow but we'll begin with uber the expiration of that post ipo lock-up period meaning that an estimated 90% of shares are now available to trade at a new record low in the stock today. it was off the lows but down another buck and change means it's hanging on to $26.78. foundation partner paul holland is with us along with mike isaac of "the new york times," author of "super pumped, the battle for uber." good morning, guys, good to see you both. >> good morning. >> hey, hey. >> mike, because we're all trying to gauge the interest in owners alleviating themselves of shares in this expiration, do you get the sense that they want to sell or are shares so underwater that they're going to hang on? >> yeah, you know, it's been kind of mixed. there's a lot of employees i've been talking to that are basically all sweating right now. i was getting these messages last night and one of the sites that they used to sell uber shares, to sell their shares was having trouble staying up, right, and that was the company -- i know, t

i've talked about this with facebook in content moderation, with uber and lyft -- it's not just uber, prices are so low and it's great for consumers but it's at the expense of actual economic viability. so when you're looking at an uber ride that is so -- like how can they do this how they can do this is they lose money on t the request he is once you figure in the costs of doing proper regulation, proper checking, possibly paying employee benefits, that's another thing the ab-5 in california, these things tend to add up and these businesses look a little less growth -- you know, as good, i guess and the growth at all costs idea is in order to get market share but once you do you have to have a business that justifies itself you see this all over the internet space of companies trying to justify themselves, especially if there is a trend towards more public markets really want them to pay more attention to the bottom line >> kara, in london according to the tso these unauthorized drivers and the way they were able to upload their photos and basically pose as other drivers, that 14,000

in terms of uber, if uber we re relations.uber were to stop operating, they have 45,000 were to stop operating, they have 115,000 drivers in london, it would have a big impact because they still account for a vast majority of the ride hailing market in london. but there are others ready to step in and that's important to know. if uber were to find themselves unable to operate in london any more, and as the appeals process is ongoing they are still able to operate, if that were to happen others would quickly come into fill up that vacuum. has this happened with uber elsewhere? they have had different legal problems around the world. this license withdrawal is a london thing that they've had court battles in other countries where they've had to withdraw some of their services. theo thank you. more than a million students are facing disruption as university lecturers and support staff begin an eight—day strike over pay, pensions and working conditions. lectures are being cancelled at 60 universities — that's almost half of the uk

do you like uber? sylvia: i am sort of lukewarm on uber. am not commenced they are going to be a preferable company -- a profitable company. we will see, i think. they claim if you strip out interests and depreciation and stock compensation, that they would have been profitable to the tune of $681 million. uber eats is up 60%, uber freight 70%. they are trying to diversify their business portfolio. but it remains to be seen. i think uber and lyft where these supposedly unicorn ipos that were supposed to be profitable quickly, and investors expected a lot more, but i don't know. i have to see some profit. alix: you need profit or growth, or both? sylvia: both. alix: where do you get that? sylvia: cutting a lot of expenses, laying off a whole lot of workers. alix: do you get that was big tech right now? now?a: sylvia: oh, i see what you mean, where else in the market. i think you get it in health care. it's been outperforming the s&p 500 this year, expecting to see a percent or more in growth. i do still like tech. look at apple, the goldiloc

what do you make of uber so far?t's interesting the reaction to the uber stock compared to when lyft said it would also be adjusted ebitda profitable by 2021, same time frame. and we have down 6% in uber. >> first of all, that was not emphatic maybe we'll model it out, we think we want to get to a place where we're ebitda positive by q4 which lyft has gone out and said in a succinct way. there's a couple of things you have the lockup avalanche that's coming out. they've broken the company down into five core businesses, but there's really only two. so this is the whole dynamic and there's some stock compensation issues which added significantly to the loss and i think people are concerned about that kind of stuff so there's nothing here that makes you think that they've turned the corner. and if you look at a structural lack of profitability, i don't think you've stopped thinking that as of now. >> we're getting a sense, just year over year, when vcs were investing in this company, they were investing for other lever

uber's future in the city of london is looking bleak.ot allowing a license, the reason i'm a rider safety. thate mood in london is uber will have to follow a similar procedure has a few years ago. in 2017, it was denied a license the first time and it immediately appealed. ongoing,s an appeal is they are allowed to continue. wilbur said that they will appeal the -- wilbur said they will appeal the -- uber said they will appeal the decision. as long as that appeal carries on through the courts, then it can stay on the ground. the question will be whether the company can make the changes in its software to allow tfl to feel comfortable that it is worthy and whether it is fit and proper, as they say. fixedaid it has already one of the main problems that tfl had with the app in the first place. but we will probably have to wait until the spring to get any answer from the courts. taylor: uber ceo dara khosrowshahi responded, saying, we are held to a high bar as we should be but this decision is just wrong. over the past two years, we have fun

uber behaved atrociously. the wired editor-in-chief nick thompson said with cyber crimes on the rise, our personal data remains vulnerable. >> we have come up with smart ways to protect data. and hackers have come up with all kinds of smart ways to get through our protections. your data is held in a bunch of places. and each one of those places needs to be secure. >> the first time those two hackers met in person was after they were arrested. the now face up to 5 years in prison. and the third person involved remains a large. ubers says it is not commenting on the ongoing terminal investigation. >>> gearrin joins us with your halloween forecast. kids are getting to write ready to head outdoors. >> the winds is done which is a big concern of kids are running around. and temperatures will be right where they should be for this time of year. i'm starting off with your general forecast. you will see a temperature range. 49 for the cold spots toward the evening. then 62 if you're going out around 6:00.bo sunset. at

comfort, uber select, and uber xl, drivers will be allowed to pick up curb side at each domestic terminal. until now, only uber black was allowed to do that. the program could continue past january if all goes well. >> it gives us a chance to study this and see if it's something the roadways can adominate during the busiest time of year. >> the rule applies to about 10 percent of uber customers leaving the airport. the changes don't apply to lyft drivers or regular uber pick ups. >>> the chair of the ntsb says an ineffective safety culture at uber led to last year's deadly crash involving a pedestrian and a self-driving test car. they said the pedestrian was detected 5.6 seconds before the crash, but it wasn't equipped to know what to do next. instead of watching the road, the back up driver was streaming a tv show. uber says it has made many safely improvements since the crash, but the ntsb will likely recommend more. >>> a santa clara driver managed to get away from this crash unharmed. the sheriff's office says the person was distracted on their cell phone and hit a power pole. it happ

uber has 103 million active platform users. market looking closer to 105, 105 1/2 million active users. uber telling me analyst estimates are all over the place on that particular metric. they're not all that concerned. there is a lockup period expiring on wednesday. meaning early investors can sell out of the shares. we're hoping for more clarity, what that means from the stock price from the uber ceo in ten minutes or so. something else to point out is the regulatory environment. california is looking at a bill that would make uber drivers contractors, employees, not contractors which would be a big risk to uber and lyft's business going forward. on the call with the ceo at 4:15. i will bring you more after this. melissa: you hit all the points. let me bring in the panel. they, they're saying ride share is profitable? >> it continues to be very interesting business. on the one hand you think, amazon as they were growing market share, they continued to lose zillions of dollars. people that were put off by that, never bought, o

so you had to do something else and uber would show up and it's great.ng news, nancy pelosi taking new comments on usmc trade to come up nancy pelosi saying we are within a range of a substantially improved trade agreement. president trump signed the deal a year ago on november 30, 2018. we will bring you more on nancy pelosi and mr. trump and what they say about usmca i as soon as we hear it. tired of lugging around your heavy groceries. they have made scooters out with a new robot. it can help you go hands-free but is it worth the hefty price. more details coming up next ♪ ♪ you're still out there chasing what matters. that's why at aetna, we're committed to taking care of the whole you. with medicare advantage plans that offer health coaching and fitness memberships. plus hospital, medical and prescription drug coverage in one simple plan. with monthly plan premiums starting at $0. aetna medicare advantage plans call today to learn more and we'll send you a $10 visa reward card with no obligation to enroll. medicare annual enrollment ends december 7th