emily: this is a couple years after uber launched. how much was uber a blueprint?nthony: it was very different, wasas black cars, it everyone can have a private driver. do we make sure that a woman like ling has the best and safest experience in an affordable way? hoo ling: if you were to google the world's worst taxis 10 years ago, the top hit would have been kuala lumpur, malaysia's capital. that is the environment we grew up in. the moment i became an adult, i was working late. i had no alternatives. i could not drive home, i would fall asleep because it was late at night. my mom and i developed a manual gps tracking system. that was during the nokia days, no smartphone or gps tracking. and i would literally text her the car plates, name of the driver and the license of the taxi i got into. and i would text whenever i hit major milestones, landmarks that we would pre-agree on so she , would know i was 15 minutes away, seven minutes away or just around the corner. every single night she would sleep in front of the couch, something that looks like this, waiting fo

uber shares.e was ousted as ceo in 2017 following months of chaos and controversy. danmore, i want to bring in ives and our technology senior executive editor, brad stone. does this help simplify it all? >> i don't think so. it does not simplify things anymore than 2017 when travis was ousted from the ceo spot, went to the board. i guess he was the largest shareholder and he was on the board but focused on his new company, cloud kitchen. he started selling the stock in early november after the post-ipo block expired. this is a little bit of a sort of slow moving divorce. from what i hear, travis's voice was not all that loud, so it codifies things already underway. taylor: dan, do you agree? did anything change for you on tuesday on this announcement? >> it ended a dark chapter. he sells them $3 billion worth of shares. it has been an overhang on the stock. it would be awkward if he remained on the board. it speaks to uber being a train wreck since the ipo. this is the final chapter. now for inves

nobody wants to buy uber.e think the story is going to get better and better as we go through the year. it is likely to have more upside like facebook did. the economics are starting to prove themselves out. what the company has to do is bring down operating losses each and every quarter. we think they will, and we think that by the end of 2020 going into 2021, we can have a break even quarter. you want to buy stocks going through that kind of order. taylor: moreso than lyft, because of its diversification? rather than just rideshare? mark: i think they are probably joined at the hip. it is hard to see one dramatically outperforming the other. what i find is that the shorter term oriented funds have preferred lyft because it does not have the food business and is just in the u.s. market, but the flipside is that uber has more leverage, they can sell one -- levers they can pull to get profitability. they can sell one of their international assets. and they also have 70% market share in the u.s. generally the co

had negatived uber news.ot of regulatory issues, performance problems, and other things they disclosed over the course of the year. that kept sentiment low. we will look to see if that can slip over the course of 2020. taylor: tom, you mentioned a lot about the magnitude of the losses. you are going to have to clarify for me. when i went to my cfa school we were taught profitability met on the bottom line. somehow i moved to san francisco and people think on an adjusted ebit a basis, that is good enough. in my being hard on the company's or is adjusted ebita profitability good enough? tom: i don't know if it is good enough. unfortunately in our call -- our industry we see companies to convince you to look even farther of the income statement to things like contribution arjun or gross profit. at the end of the day it is about cash flow for me. and the present value of future expected cash flows. a decent proxy for cash flow. ultimately gaps, net income profit ability is important as well. i think looking out i

uber eats also works with doordash, and travis has been hiring former uber employees and uber has gottenpset about that. clearly this could be an accelerant, but they could find themselves working with and helping uber's competitors. taylor: i spark with mark mahaney of rbc this week, and uber was the topic. he calls it peak regulatory fear , where there is so much fear about regulation, and he said it is overblown. what are your thoughts on ?egulation overhang on uber >> i am with him in terms of how the stock's risk-reward into 2020 but the big issue, the black cloud, that could be the gut punch to the business model, the economy, and uber. it needs to be resolved in sacramento. the broader worry for investors is not just california, but how about other states and other countries? look at london, which continues to be an issue. i think regulatory is an torhang, but uber need handhold much better rather than the disaster story we have seen over the last six months. taylor: dan, can you distinguish between uber and lyft and pick one over the other? >> i think lyft has a better shot of wo

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 shouldn't make that choice for survivors. survivors should make that choice for themselves. >> reporter: it opens up the possibility that uber is aware of someone who potentially raped someone else who is out in the public without involving law enforcement. >> someone who is a former law enforcement official, i understand the tension. we have lots of information about an incident that we will share with law enforcement if we get the consent of the victim. >> reporter: uber's study reveals more than 40,000 drivers were banned in the u.s. in the last two years as part of continuous background checks for a variety of reasons, including sexual misconduct uber announcing tonight they plan to share those names with other ride share companies. what do you hope to show with these numbers over the years? >> we hope to see and learn a number of things i the other thing we want to show is that we're developing best practices. >> reporter: among new safety features, uber is adding the ability to text 911 from the app. unique pin codes fo

i was shocked, number one is uber. how the heck is your top pick uber?t is our facebook of 2020. it is a dislocated stock, unpopular, it's a failed ipo, it has this eats business losing a lot of money, nobody wants to buy uber. we think the story is going to get better and better as we go through the year. it is likely to have more upside like facebook did. the economics are starting to prove themselves out. what economics are starting to -- what this company has to do is bring down operating losses each and every quarter. we think they will, and we think that by the end of 2020 going into 2021, we can have a break even quarter. taylor: moreso than lyft, because of its diversification? rather than just rideshare? mark: i think they are probably joined at the hip. it is hard to see one dramatically outperforming the other. what i find is that the shorter term oriented funds have preferred lyft because it does not have the food business and is just in the u.s. market, but the flipside is that uber has more leverage, they can sell one of their international

youth think about uber pool or uber eats, on the other hand the company has tried to crack down, work with regulators, and have a discussion so this is the sort of area where the company hopes to be winning. it is unfortunate for the business that they can make that happen. >> are they striking a similar tone with regulators as they were a few years ago trying to work with them? not be hostile but trying to create more of a friendly working approach? is that the approach they are taking and is it working? >> i think dialogue, working with cities, countries, states, everything in between but then when they disagree, coming out and saying it. you do see in the california fight over independent , we will putles money behind it. .here has been some of that a company that can throw our weight around more than they have after travis kalanick left the job and their reputation was in tatters. i think they are still trying to play the cooperative nice guide to the extent that they can. >> in talking about hoover's response to all of this i want to bring a soundbite that we have at the head of

back to you. >> do you have a take here on uber >> i think you look at uber and it is, the overhang on way with him selling his existing stake. i think what tesla is is a barometer of risk appetite in the market when that stock rallying like it ha has. >> is it better to own a coil like lyft? less news, less noise? >> they're very different business models. lyft is focused strictly on the ride sharing that's why their share in the u.s. is very strong. uber has uber eats, all sorts of businesses that they have in the last month or so, because of shareholder pressure committed to, either we get them profitability or do something like exit or something else. >> we've got about two minutes left to go let's send it over to rick santelli >> if we had a big auction today and we did, it certainly had a large effect on the thin mark. you see the break when we broke once again from the 195 level? i grade it as an a minus another failure in the mid 190's. with these low interest rates, serve going to investment grade. it looks like nasdaq will stick a perfect ten. >> and apple, a big reason why y

former uber ceo travis cal leaving. wework ceo exit package could get suitor dan rogue enagsw is here to discuss that and more. "squawk alley" back after this o. so, today you're going to leave your phone with a guy named flip. (ding) but it's more than your phone, it's your business, your customer data, your sales figures. and who can forget, those happy hour selfies? not flip. (honking, gasping) this isn't working. introducing samsung business security solutions, with knox software. with the galaxy note10, you can remotely wipe data or lock phones, so your business is secure even when your phone isn't. samsung business solutions. even when your phone isn't. uh, "fifteen minutes could save you 15%ain? or more on car insurance." i think we're gonna swap over to "over seventy-five years of savings and service." what, we're just gonna swap over? yep. pump the breaks on this, swap it over to that. pump the breaks, and, uh, swap over? that's right. instead of all this that i've already-? yeah. what are we gonna do with thes

uber for the first time going public with the surprise findings from its own safety report, revealing a staggering number of sexual assaults. so what's the company doing to protect riders >>> the nation is bracing for a constitution showdown as the house draws up formal articles of impeachment. >>> the revealing new christmas video from a singing superstar as a young girl before the global fame. recognize her? "early today" starts right now >>> good friday morning. i'an a high-speed police chase in florida has ended with four people dead. a violent robbery attempt turned into a deadly hostage situation and carjacking two suspects firing at police in the middle of rush hour from a stolen u.p.s. truck. nbc's dan sheneman has this report >> reporter: a high-speed chase in south florida ends in a deadly shootout. police say it all started near miami at a jewelry store in coral gables two suspects tried to rob the store. >> the subjects exchanged gunfire with the proprietor, who also fired back. >> reporter: a short time later the suspects fle a u.p.s. truck and kidnapped the driver shortl

uber is appealing that decision.e part of regulators is one of the main issues that uber and lyft are facing. taylor: we want drivers and passengers to feel safe in an uber or a lyft ride. but also in that paper, uber talked about over a billion rights taken. has it impacted the fundamentals. have you seen a drop off in ridership? are you confident that the fund metals of the company are still intact? >> relative to the total amount of rides we are talking about a very infinitesimal percentage arrives in which these happen. we do not have comparable data for other modes of transportation, like taxis. so it is hard, in isolation, to really understand what these numbers mean. uber gave us two years' worth of data. it is worth 20 out that the absolute number of incidents, 2018lts increased in versus 2017. but the rate of assaults declined. so the trends are happening in the right direction. generally speaking, uber and lyft should be considered quite safe ways to get from point a to point b. we will continue to monitor

uber's report confirms that.usands of uber drivers had criminal records, one was even an accused war criminal. all as uber lobbied local governments against tougher rules for background checks. since cnn's investigation, uber added safety features to its app. says they have improved and tightened background checks and with this report is vowing to be more transparent on the safety of riding with uber. early estimates in 2019 show sexual assaults in uber continue, uber claims the rate is dropping. but based on its own recent statistics, every day someone is sexually assaulted taking an uber ride. >> uber simply couldn't ignore what was happening on its platform. and most importantly to then address it. >> reporter: uber is not the only ride share company with a problem. lyft also admits it's dealing with sexual assault. and has vowed to release its own transparency report in the near future. drew giriffin, cnn, atlanta it. >>> now, we turn to india and just a heinous crime to share with you. a rape survivor in nor

uber eats is now 20% of uber's bookings. it comes out of it -- as a business that can be profitable. cha he has been the ceo for two years. investors want to see it get there. taylor: investigate -- investors do want to see it. if you want to look at a graph that i am looking at in my yft are bother and l down. huber has been on an uptrend in early december. what is the bullish thesis for oberg? >> you look at growth, and not but 2%, 3%., monetize that going forward. if you look at growth and profitability in 2021, but when you look at uber eats right now, that is what i view as an eight dollar to $10 overhang on the stock. do they cut that business or significantly get to a point of profitability? this is been the anchor on the ship. investors right now, it continues to be a heartburn situation. execution, overhang, as well as has miscommunication, that been the trifecta. andor: that was brad stone dan ives. with just a few days left until 2020, dan ives will tell us what his top calls are for next year. that is next. if yo

uber and lyft had negative news. were regulatory issues and other problems that were disclosed. that had sentiment low. we was if i can flip over the course of 2020. tom, you mentioned a lot about the magnitude of losses. you will have to clarify to me. when i went to our cfa -- my cfa school, we were taught that the bottom line is important. am i being too hard on the companies? is profitability good enough? tom: i don't know if it is good enough. colleagueustry, my could attest, we see companies trying to convince you to look even farther up to things like contribution margin were gross profit. at the end of the day, it is about cash flow for me. the present value and future expected cash flows. i think looking out into 2020, what will really be interesting managedber and lyft profit and growth. in the u.s. market, i think it will be iterated. is in a position to dictate how competitive the environment is for ridesharing when it comes to prices and promotional activity. will havee u.s., uber to make tough decisions

others like uber because of the diversity, the logistics, uber eats, uber money, uber work.s there a key winner here in terms of a diversification strategy? reporter: i don't think either company is winning relative to the ipo price. but went uber went public, and today it's losses were huge, so the only way to get away with multibillion-dollar losses is to say we are using it to fund all these ambitious projects. we heard about the growth of food delivery and every other new idea under the sun. example.s like a new . i don't think it will allow uber to escape the court challenge that it needs to prove that the ridesharing business is a good one and can generate profits in the long-term. i think it's interesting, but i think at the end of the day, eats to a lesser extent, are going to define their business for the foreseeable future. it's nice to be about to say we -- able to say we have these other projects so you should invest because of growth opportunity, but when there are fundamental questions about the core business, that is driving the stock down. i think 30% over th

>> wth uber -- with uber, you have to peel apart the business. it is still in the food fight stage, if you will. on the ridesharing business, there was one number to keep in mind. that istake right, a good business. -- rate, that is a good business. people are warming up to over. taylor: the other big theme of the year was streaming wars. on netflix -- >> they are getting close to solving that problem, i think. there hedge is generating international, original content -- original content in international markets. they will launch 30 new series for the filipinos, for south korea, for germany, for turkey, etc. that was the single biggest trend in consumer entertainment streaming. everybody is streaming. taylor: correct me on what your research says, domestic subscribers are more profitable than international subscribers. so while netflix is going international for the growth, isaiah is comfortable -- are they as comfortable as the message subscribers? >> that is a great question. in some markets, the margins or hires overseas than they are in the u

uber responding >> this has been the result of two years of work uber has been doing on this.have been pretty much quiet today, nothing new to add beyond this report that dropped like a bombshell yesterday. like you said, 3000 sexual assaults were reported on the platform in the past year. while 99 .9% of all trips end with no problems, this is still a massive number. amanda: it is, and we include the nine murders in 2018, 58 crash related deaths. none of them are good numbers. you can imagine uber would like them to be zero. the effort here was for disclosure, full transparency. the early going here, it seems to have backfired. is this still the right approach, the way to go for uber ? lizette: this was a voluntary decision on their part. like you said, these numbers are shocking. there is nothing to compare them to. it is hard to say whether uber is safer than lyft or a traditional taxi, or even public transit for that matter. none of those groups have disclosed their numbers. has pledged to do so but they have not provided a date. vonnie: it certainly gives regulators some

uber's report confirms that. cnn also found that thousands of uber drivers had criminal records.minal. all as uber lobbied local governments against tougher rules for background checks. since cnn's investigation, uber added safety features to its app, says they have improved and tightened background checks, and with this report is vowing to be more transparent on the safety of riding in an uber. early estimates for 2019 show sexual assaults in ubers continue. uber claims the rate is dropping, but based on its own recent statistics, every day someone is sexual assaulted taking an uber ride. >> uber couldn't simply ignore what was happening on its platform. most importantly we have to then address it. >> reporter: uber is not the only ride-share company with a problem. lyft also admits it is dealing with sexual assaults and has vowed to release its own transparency report in the near future. drew griffin, cnn, atlanta. >>> coming up, as 2020 hopefuls crisscross the state of iowa, joe biden trots out a heavyweight supporter. we'll tell you who's stumping with the former vp. copd mak

uber's report confirms that. cnn also found that thousands of uber drivers had criminal records. as uber lobbied local governments against tougher rules for background checks. since cnn's investigation, uber added safety features to its app, says they have improved and tightened background checks. with this report is vowing to be more transparent on the safety of riding in an uber. early estimates for 2019 show sexual assaults in ubers continue. uber claims the rate is dropping, but based on its own recent statistics, every day someone is sexually assaulted taking an uber ride. >> uber couldn't simply ignore what was happening on its platform. most importantly we have to then address it. >> well, if this is not just about uber, lyft has its own problem. and lyft has announced it too will be releasing a transparent study on sexual assaults and its efforts to make rideshares safer there too. >> we are going to have much more news right after this. (woman) but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their busines

uber and the entire industry.lso in the programme... a haze over sydney as a mega bushfire forms near the city and about 100 otherfires are raging in the australian state of new south wales. in a few hours‘, forbes will reveal its latest annual rankings for the world's best—paid musicians, but is it streaming, merchanise or touring that make them their money? we've had black friday and cyber monday. now, get ready for small business saturday. does that sound a little more worthwhile? we'll speak to the woman who's urging us to shop small this christmas. and you can be part of the conversation too. everyone seems to be sharing their most listened songs of the past year right now. what was top of your list? let us know — just use the hashtag bbcworklife. hello and welcome to worklife. we start with the ride—hailing firm uber. the frim says it received 3,000 reports of sexual assaults related to its trips in the united states in 2018, out of roughly 1.3 billion rides. uber is under pressure from regulators in many ci

i reached out to uber who told me that the driver has been fired.ent uber said what's been described as disturbing and we have removed the driver's access to the app. we stand ready to support law enforcement with their investigation. i'm kate larson, abc 7 news. >> and we did more than a dozen stories about ride sharing, the drivers, cars, rules and more during our ride share realities week. you can read all the stories on our website. look for the building a better bay area section. >>> new at 11:00, san francisco city leaders discussed a new location. the proposed spot is near the corner of post and hyde street. it would hold 75 beds for homeless youth. the supervisor says he wants to get the proposal before the board of supervisors early next year with an opening date by the end of 2020. if approved the shelter would be the ninth navigation center in san francisco. >>> your phone is about to day and you see a public charging station at the airport or the mall. >> you can be desperate for a charge, but you may want to think twice about plugging i

uber has agreed to a settlement. at uber's headquarters in san francisco with more. jackie? >> reporter: good morning, michelle. uber will pay $4.4 million to its victims. this officially ends the two year investigation into sexual harassment claims here. the u.s. office of equal employment opportunity says that they, quote, did find reasonable cause to believe that uber permitted a culture of sexual harassment and retaliation against individuals and complained about such harassment, end quote. a claims administrator will reach out to those who worked at uber. the commission will then determine which may be eligible for a piece of the 4.4 million. uber agreed to create a system to identify serial offenders and managers who fail to respond to concerns about sexual harassment in a timely manner. this reached a head back in february of 2017 when this woman, former uber engineer suzanne fowler wrote a letter about being propositioned by a manager and stone walled by hr. that led to the ceo leaving his role and his depart

uber's report confirms that. cnn also found that thousands of uber drivers had criminal records.ed war criminal. all as uber lobbied local governments against tougher rules for background checks. since cnn's investigation, uber added safety features to its app, says they have improved and tightened background checks, and with this report vowing to be more transparent on the safety of riding in an uber. early estimates for 2019 show sexual assaults in ubers continue. uber claims the rate is dropping but based on its own recent statistics, every day someone is sexually assaulted taking an uber ride. >> uber couldn't simply ignore what was happening on its platform. most importantly we have to then address it. >> uber is not the only ride share company with a problem. lyft also admits it is dealing with sexual assaults and has vowed to release its own transparency report in the near future. drew griffin, cnn, atlanta. >>> new video shows the agonizing last hours of a migrant teen who died while in u.s. border patrol custody. the reporter who fought to uncover that video and what hap

so uber is a business. it is no longer a visionary thing. a business when they get to wall street they have to put on their adult pants and act like adults. >> thank you for joining us today on christmas eve >> thanks a lot. >>> still ahead, hotels have been red hot in 2019 while job line trav companies have been underperforming. find out if that could reverse in 2020. >>> plus, we'll break down which retailers have been crushing christmas. ugh, another electronic signature. you have to print, walk, sign, scan, recycle, walk, email yourself... really? more walking, try again, waiting, recycle, walk, email yourself, then get back to your day. or not. this isn't working. introducing samsung paperless workflow solutions. with the galaxy tab s6, you can sign digital documents on-screen, with a finger or your s pen. samsung business solutions. >>> hotel stocks have been rubbing off on you >> it's been an interesting trends to watch this year. the hotel operators are on track to close the year with big gains. marriott, hilton and hyatt expedia, bo

beyond fast. >>> it's an alarming and disturbing new report from uber. after years of safetyexl assaul against drivers, ride sharing company is going public with new report that addresses those concerns. also vowing new action to keep passengers safe. nbc's stephanie dodds. >> reporter: uber upended how we get from point a to point b. as grown, accounts like this too. >> taken for 2 1/2 hours in uber car. next day i had defensive wounds. >> told my mom and sister, they said no, that's sexual assault. >> reporter: uber is publicly assault. groping to rapes.eived nearly roughly four reported rapes. one in every 500 drives. >> sexual violence is much more pervasive in society than i think most people realize. >> reporter: chief legal officer, spearheading the study released today together with input from sexual violence advocates. >> surprised to read half of the victims are riders, other half are drivers. >> that's right. not a one-sided problem. both drivers and riders are victims. >> reporter: according to the study, uber is aware of law enforcement invo

ubers say riders in the u.s. took 1.3 billion trips last year to put it in perspective. >> strangers have access to us and pretty much have control when they're driving. >> reporter: uber is adding an in-app ability to call 911, the ability to share real time ride details with a friend or family member, and a code to give to our driver to confirm they're legitimate and assigned to your ride car. for hannah and her mom these are all great steps. >> great idea, fabulous. too many people getting hurt and taken to the wrong locations. >> reporter: uber also says the release of the report may actually cause the number of reported sexual assaults to go up as people are more comfortable reporting incidents. in san jose, mark sayre, kpix 5. >> if you'd like to read more of the report, we have a link on kpix.com. >>> tonight, newly released dash video shows a sheriff's deputy opening fire in downtown danville within a second of the suspect's car coming toward him. >> don't do it! >> this happened last november. a 33-year-

to have that arm that is why you havech out to experts in the field. >> repors those experts train uber employees in this phoenix support center. >> we have a series report there was physical touching. >> reporter: fielding the most severe complaints is there any indication from the data that sexual assault is more prevalent during uber rides than in other public places? >> i think the answer is no. it's difficult to make comparisons to other modes of transportation because we have not seen this kind of data before. >> reporter: today, survivor advocate organizations applauding uber for its transparency lyft tells nbc news it remains committed to releasing its own safety transparency report and working to share information about drivers that don't pass the background checks or are deactivated from the platform. >> the most important thing we can do is to ensure that we're being honest with ourselves about what is going on. >> reporter: uber trying to take the lead on driving change across the industry. stephanie gosk, nbc news. >>> coming up next, a new warning for air travelers, the ou

not seen this kind of data before. >> reporter: today, survivor advocate organizations applauding uber for its transparency lyft tells nbc news it remains committed to releasing its own safety transparency report and working to share information about drivers that don't pass the background checks or are deactivated from the platform. >> the most important thing we can do is to ensure that we're being honest with ourselves about what is going on. >> reporter: uber trying to take the lead on driving change across the industry. stephanie gosk, nbc news. >>> coming up next, a new warning for air travelers, the outdated security screening equipment that could be putting your safety at risk. >>> if you're planning to order something from amazon, we have the latest on what is causing delivery delays. >>> the trip of a lifetime, how a tiny town became famous for its big plunging adventure. >>> with two weeks until the holiday travel crush, the tsa is relying on outdated security equipment that may not be able to detect explosives here is tom costello. >> reporter: the weekly photos of the weap

uber shouldn't make that choice for survivors.hould make that choice for themselves. >> it also opened up the possibility that uber is aware of someone who potentially raped someone else who is out in the public without involving law enforcement. >> as someone who is a former law enforcement official, i understand the tension. we have lots of information about an incident that we will share with law enforcement if we get the consent of the victim. >> reporter: uber's also announced new safety features for riders, including the ability to text 911 from their app, unique p.i.n. codes from their rides and on trip reporting. reporting live in walnut creek, bob redell, "today in the bay." >> thank you very much, bob, for going through all the numbers. uber's report comes on the heels of new allegations against rideshare competitor lyft. 20 women claimed lyft allowed drivers to continue after they were accused of sexual assault. a few months ago, 14 other women sued lyft because of similar claims. lyft says it launched more than 15 new

according to the study, uber banned more than 40,000 drivers in the u.s. over the two years for a variety of reasons including sexual misconduct and continuous background checks revealed a number of problems in some cases. uber will share the names of the drivers with other ride-sharing companies. and uber is aware of law enforcement involvement in 37%, just 37% of the reported rape cases. here is uber's chief legal officer in an exclusive interview with nbc news. >> that number seems kind of low to me. just 37%. >> i'll tell you one of the facts about sexual assault is that it is a very underreported offense. uber shouldn't make that choice for survivors, survivors should make that choice for themselves. >> it opens up the possibility that uber is aware of someone who potentially raped someone else who is out in the public without involving law enforcement. >> as someone who is a former law enforcement official, i understand the tension. we have a lot of information about an incident that we will share with law enforcement if we get the consent of the vic

david: do you take uber from time to time? dara: we take ubers all over the place. absolutely.oid: when you take uber, they know who you are? dara: it's about 50-50. david: and the ones that don't know you, do you make comments? david: i make sure i am very --dara: i make sure i am very polite. ask them how they are doing. i ask them if it is ok to make a phone call. i try to be as nice as i can because i'm trying to improve my uber rating. david: you said people should not slam the doors. is that a big problem? dara: if you are driving a car, and you've got 10, 20 passengers coming in, the car is an asset of yours. david: your company has roughly 22,000 employees but you have 3 million drivers. dara: almost 4 million. david: you are in 63 countries, 585 cities? dara: you have been briefed effectively. impressive. states isthe united it increasing in terms of usage or is it going steady, going down? dara: it is increasing in every single market. the last quarter we announced that on a foreign-exchange neutral basis, we grew the bookings 41%. is off of an impressive rate of book

was it something about lyft and uber specifically?en they came to market, the rules were growth at all cost. when they came after the ipo, nobody told them that the rules are going to be changed. it is no longer growth at all cost, but we need to show the pathway to profitability. not just that, we need evidence that you are taking steps toward being profitable. have shrunk significantly. fundamentals are good. decelerating,, but fundamentals are ok. taylor: we have talked about lyft and uber hitting the ipo markets. i want to look back at 2019 and the botched ipo's we saw. peloton, pinterest, slack, all set to close below their ipo price. was there something bigger going on in the ipo market or something about those companies? >> i would kind of frame that most of the ipo's were fundamentals and the market dynamics. how many shares are available to sell, buyers and sellers. a mismatch of probably 9, 12, 18 months. there are lockups, people selling after the lockups, then more and more supply gets unlocked. these companies are in that

uber is being transparent about it >> i'm impressed and i will give uber a hard time when i believe theyve it, but this is an 84 page report, if you count the appendix and cover page. goes into a lot of depth on this i would argue gives a lot of context. sure, they don't have other people's data but have the overall data on sexual assaults and homicides, and they put into context degree to which they made progress, the small number of incidents though is still concerning that occur on rides, and what their policies are, what they have been doing to try to address this. it does set the bar for a lot of other companies i would argue. >> i think you're right. in you think about it, what uber does, when they started, it was a crazy idea strangers giving other people a ride they struggled a long time to convince lawmakers, the public and others that this is a fundamentally safe idea. i think this report does it. only thing i fault them for is doing it many years too late the numbers seem bad, but compared to the scale of the platform, it is a very tiny number, and they're committed to improvi

then there is uber lyft had more trouble because of it i told you to wait on uber because the lock upn insider sales was about to expire. i figure it could slam the stock price. former ceo sold $2 billion in stock. when i met travis at the white house's correspondent dinner, he was much richer than i am. local governments all over the world trying to crack down the labor practice, i mean tons. i got to say uber the stock has done an incredible job of hanging in there. consider this. it did it on the onslaught of a man who was much richer than i am i like that they are selling uber eats indian business. they were simply closing the unprofitable uber eats the stocks could soar. i still prefer lyft. next up. we got a bunch of cloud base software ipos. now, unlike the more established, some of these stocks have advanced you know what? let's just say they're still hanging out down there this is a cloud base video it is so good. and then it peaked at $107 then the whole cloud went out of style in the wall street fashion show this thing zooms right back to the low 60s by late october. just w

uber cofounder announcing plans to leave uber's board the end of the year what it means for the companyead we return after this those obstacles that limit a company's growth. i try to find companies that turn these challenges into opportunities. but by going out in the field, and meeting management, suppliers, competitors. in the end, it's these unique companies with creative business models that will generate value for our investors. that's why i go beyond the numbers. >>> record runme stocks rally in the close of 2019 >>> how much money did americans spend this shopping season >>> your money, your vote. issues playing out on the campaign trail right now as the second hour of "squawk box" begins right now. >>> good morning and welcome back to "squawk box" here. joe and becky are off today. our guest host this morning also with us on this post christmas edition of "squawk box." >> thank you for having me >> everybody seems happy about the presents they received all got there on time. any amazon >> i do a lot on amazon. >> did you see the article on the amazon choice thing? do you know w

these are all things that uber does not want to pay. all the gig companies don't want to pay that. they are claiming that the law is unconstitutional. i understand from a business perspective, but the legal argument, what exactly is the ground that stands on, especially when you consider that california and some of the courts in the u.s. have kind of said that they really are employees? this law goes: into effect tomorrow. if you thought california was maybe more progressive than the rest of the united states, this makes it even more so. if you talk to lawyers on both sides of the argument, those representing workers, those representing uber or companies like uber, they will tell you that this law will be tough to get around. they are attacking it on various fronts. the legal argument is a constitutional argument. uber and postmates are saying it is an equal protection claim and they are arguing that california cannot deny anyone equal protection under the law. there been some industries that have been exempted. i can give you examples.

uber is being transferred.hat's a great positive step now matter how you cut them, the numbers are not good that does not have an effect on lyft as well that's clear between those two companies and also in terms of ride everi ride riders, many lyft as well. there will be a pause as to how these people are using these services what uber is doing is a good, positive step. it is the four step and i think we are starting the conversation hopefully a year from now, we are at a better place. it must be commended >> how big of a risk off a nuclear reaction from one of the regulators to fully block that operation until they get these numbers to an acceptable level i get london, perhaps one regulator that could be closer taking it? >> yeah, i think what uber is seeing, we don't want to transfer it with riders or drivers and regularities also need to complete the hands shake by saying okay, now you want to transm translate with us, we'll work with you to make sure you have the technology and drivers are protected. i thin

kailey leinz reporting on uber.next, the 2020 election is shaping up to be a fight on who gets to vote and who does not. michael waldman of the brennan center for justice will be here with the overview of voter registration and suppression. ons is "balance of power" bloomberg television and radio. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. david: from new york, this is "balance of power" on bloomberg television and radio. i'm david westin. for bloomberg first word news, we go to viviana hurtado. viviana: we begin with this new year's eve address. defendingxi jinping china system of running hong kong. it was an unusually high acknowledgment of the city's political turmo

uber maintains that a very small percentage of its total rides were affected.sperson says uber is committed to transparency and taking concrete steps to address these problems. in its long-anticipated safety report, uber, which was responsible for 1.3 billion rides last year, took an unprecedented look into reported sexual assault assaults. >> if you want to improve something, you have to measure it. >> reporter: uber's brooke anderson says the report was necessary for both customers and the company. >> the public has a right to know. and secrecy about the hardest issues that we face doesn't make anyone safer. >> reporter: in the two years they measured, 2017 and 2018, there were nearly 6,000 reports of sexual assault involving passengers and drivers. >> these are some very alarming figures. >> reporter: faiz siddiqui is a technology reporter at the "washington post." he says the numbers are significant for uber and for the entire ride-sharing industry. >> that's a large number, it suggests that there is a huge societal problem or extension of a societal proble

at uber headquarters in san francisco, 11:00 a.m.>> good tuesday morning welcome to "squawk alley." i am carl quintanilla, post nine with david faber, with julia boorstin jon and morgan have the morning off. let's send it over to bob pisani, art catshi cashin. >> 1860s, start of continuous training, there was a tradition of singing raucous carols on the floor of the new york stock exchange the song has a little more sentimental, but one that survived all of them here in the 55th year on the floor of the new york stock exchange, art cashin leading "wait 'til the sun shines nelly. ♪ wait 'til the sun shines,

let's take a look at uber and postmates speaking of ipo's this year, uber didn't do as well, postmates be going public next year, but both are ready to rumble, the california states, as we head into the close, a ride hailing giant and delivery service forming a tag team, to take on california's so-called gig worker law, which would give and could give a major bruising to their bottom lines. up next our all-star tech panel tells us who they think can deliver the biggest punch in this match and netflix wearing the crown for the past 10 years in both the market and the streaming sphere, but could a new tidal wave of competition be thrown the original king of content, sending it permanently into the upside down. that and more, coming up on the "claman countdown" but first here is a look at how thailand's new years celebrations went. when we started our business we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really e

. >> lo que le pasÓ jugador de la lo >>la compaÑÍa uber y lyft.uridad. >> mÁs de tres asaltos sexuales el aÑo pasado las pasajeras de uber y lyft.- >> siempre hay un grupo que no se lo que debe de hacer. deja un estigma al resto de los chÓferes. >> segÚn las cifras dadas por las propias compaÑÍasse produjeron 2936 asaltos sexuales en 2000 17.3 1045 el aÑo pasado. 92% de las vÍctimas reportadas eran pasajeros. tambiÉn reportaron asaltos sexuales segÚn los mismos datos de uber. tanto uber como lyft han sido criticados por la falta de seguridad en sus vehÍculos. el aÑo pasado recibiÓ 235 denuncias de violaciÓn. la compaÑÍa enfrenta demandas legales. >> tienen que mirar sobre precauciÓn y todo eso.>> si uno encuentra una dama que estÁ ebria uno no se puede sobrepasar. >> el informe de uber dijo que hubo 107 muertes relacionadas con sus vehÍculos y que han tomado cartas en los asuntos como por ejemplo eliminar a 1,000,000 de personas que postularon a ser chÓferes. uber dice que ademÁs no hay ninguna orden judicial que le este obligando a darles esos da