taxi, where, by the way, the attitude to uber is very difficult.ung vanessa paradis sang the song taxi driver joe's unpretentious melody the blink of an eye became a hit taxi driver joe he knows and hay her sparkling bridges and in his car the music always sang after him. behind it, the whole of france is like the eiffel tower or the arc de triomphe green the light of a parisian taxi is a national treasure of france the carriers' union appeared in the middle of the 19th century, the coachman became a driver, however, progress cannot be stopped and replaced by an omniscient taxi driver comes a faceless application, the tenth district of the city of paris in a huge building. republic square is the largest trade union of taxi drivers on the facade of the buildings there is no banner, the retirement age is 64 behind the glass on the wall in the reception of the old taximeter city plans and archival photos, the head of the trade union. aston karim as far as new technologies threaten tradition. super many consider victory and technology, but this is not

taxi, where, by the way, the attitude to uber is very difficult., young vanessa paradis sang the song taxi driver joe to the unpretentious melody of a moment. the eye was a hit taxi driver joe he knows and hay its sparkling bridges and in his car always sounds the music sang after. behind her, the whole of france is like the eiffel tower or the arc de triomphe, the green light of a parisian taxi is the national treasure of france , the carriers' union appeared in the middle of the 19th century, the coachman became a driver. however, progress cannot be stopped and the omniscient taxi driver is replaced by faceless applications, the tenth district of the city of paris in a huge building. republic square is the largest trade union of taxi drivers on the facade, there are no stretching buildings, the retirement age is 64 years. there is no behind the glass, an old reception room, taximeters, city plans and archival photos, the head of the trade union ostun, how new technologies threaten tradition. many consider victory and technology, but this is not s

but the uber ride was processed as $30,000. uber insisted it was their bank's fault. we contact the bank. they saying contract and so is like that back and forth like nobody knew really how thist happened. eventually the bank told them they could dispute the charge, but that it would take 7 to 10 days to resolve the issue. explain to them that we're out of the country now. we have no money. so, mike, what are we supposed to do with little cash on hand and no access to their account? the couple was forced to dramatically change their trip. the even had to postpone their wedding vows. they basically told me that there was nothing that they can do about it after 4 days and countless phone calls to their bank and exchanges with uber, the charge was reversed personally. i believe it was because like we posted on social media, we're sharing your story. their story was seen and shared by millions of people on social media. uber releasing a statement saying in part as soon as we received the users report our support team promptly address the issue and released the authorizati

it let's use twilio's data on uber. uber has introduced many services and advertising . with this data, it is able to target consumers basically sending them data, advertising offers to buy this restaurant or get a delivery from the restaurant probably in a much more targeted way than most companies that are in between the consumer and businesses. >> i want to go back to nvidia. i see the proposition there. perhaps investors do more clearly as judging by how much it has been up. were you surprised by the monster quarter that nvidia put out in may? it wasn't just talking about artificial intelligence as something in the future just kind of where we are with some of these other names but it will book revenue related to this huge platform shift. what makes you think nvidia at the time was overvalued when you have zoom video, for example. a call that it could reach half $1 trillion. >> if you look at nvidia, it is one of the magnificent seven. it is an easy way to put money to work. the excitement around chat gpt was such that this was the obvious play. it has been the check

uber's summer surge ahead of earnings and mining the industrial action in m 3m. i'm melissa lee. thcht is "options action." we begin with another monster week of earnings caterpillar and uber and airbnb to pharma and merck and pfizer we get the two tech titans and amazon surging higher this year. 50% and they gained more than 57%. carter, what is going on with you? what are they saying about this company? >> this is based on operating results. but there are a few key moments in the chart look first at a relative charred. apple, this is the tech sector and what we know is that apple's performance peaked in the third quarter last year. so ten months later, here we are. and we're down that is verse all the other choices in the sector that we're on this trend line which bounced five, six times. it almost needs to bounce here an undercut of this would be quite fatal. you can't outperform your group for the last ten months, what's going to cause it from here? look at the chart of apple itself the first of several does it break trend? put in the 150-day moving average. how far above tha

uber needs lyft just as much as lyft needs uber.mpetition otherwise maybe the regulators get nervous, maybe there's other competitors that come up that aren't comfortable being a number two this is the way it ends maybe not with a bang but with a whimper. >> in new york we have a third option which are taxis. >> although -- >> by the way, i remember in the way distant past people used to say that about amd intel needs them around because otherwiseintel would be a pc monopoly. >> don't get too comfortable is the point. >> that's the upside scenario. thanks very much >>> a lot of buzz about messi in miami. his debut tonight, what it means for companies like adidas next we're back in two minutes. (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for

>> hopping in an uber or lyft easy unless you are disabled.than half the call for wheelchair rides go unanswered. we w ♪ but i manage it well. ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance, ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seee ♪ ♪ i'm lowering my a1c. ♪ jardiance works 24/7 in your body to flush out some sugar! and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. jardiance may cause serious side effects including ketoacidosis that may be fatal, dehydration, that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction, and don't take it if you're on dialysis. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell,

lyft positioned itself as more of the nice guy with uber taken the brunt of regulatory crises.member left gaining market share and founder travis stepping down. since then, the gap has only widened with uber polling clearly away with its food delivery business. now lyft is worth less than the $7.3 billion it has raised over its lifetime. lift cofounder handed over the job to david risher who spent most of his career running a nonprofit. since then, he has cut prices and announced layoffs. i sat down with him to discuss what comes next. >> what is telling you writers are back? >> a couple things. first of all the numbers and we have third-party data out there. it's a little zero-sum when you start talking about it that way. more interestingly from what we can tell the whole market is growing, which is better. >> why are they coming back? >> part of it is we have better pricing than we have for a while and everyone loves a deal. one of the nice things better pricing does is you get picked up a little faster. the better prices you have, the more writers you have and the more write

but the uber ride was processed as $30,000. uber insisted it was their bank's fault.t the bank, the bank saying contract who so it's like that back and forth like nobody knew really how this happened and how this even past like. >> all the security measures, eventually the bank told them they could dispute the charge, but that it would take 7 to 10 days to resolve the issue. explain to them that. >> we're out of the country now. we have no money. so, mike, what are we supposed to do on this is literally a $29,000 tournament on. no, no number. it's going to cost $29,000. while i have to wait 7 days for with little cash on hand and no access to their account, the couple was forced to dramatically change their trip. >> the even had to postpone their wedding vows that the bank for several days. they basically told me that there was nothing that they can do right into about 5 days after 4 days and countless phone calls to their bank and exchanges with uber. >> the charge was reversed personally. i believe it was because like we posted on social media, we're sharing your st

another monster week of earnings on tap next week if industrials like cat pillar, travel names like ubernd airbnb, to pharma, with america amerck, and pfizer, and apple and amazon, both stocks surging higher, apple up 50%, amazon had feigned more than 57%. carter, in apple, where is this company headed from here >> critical week for apple, not only based on its operating results but there are a few key moments in the chart looking first at a relative chart, apple, it's pierced to the xlk, the tech sector, the spyder apple's performance peaked in the third quarter of last year, ten months later we are down underperforming to such an extent, apple versus xlk, that we are on this trend line, for which it's bounced five, six times, almost needs to bounce here the undercut of this would be quite fatal. if you can't outperform your group over the last ten months what's going to cause it from here look at the chart of apple itself, the first of several the stairway to heaven, so-called. the question is, stair wisconsins, if they're straight they go forever. and can we stay on this or does it ul

and third party delivery now they're going to allow post mates and uber to start delivering it, but you're still going to have a dominos em employee deliver it, they'll just be on the uber platform and post mates platform. >> right this is why -- i always play devil's advocate i didn't understand the move higher because to me it was a signal that this was their whole competitive mode, right, that they were supposed to do the technology and delivery -- >> that's why you and i are on the same page. >> now uber is doing it and going to participate in the revenue upside. >> even though it's been a tremendous outperformer, i think you have to sort of take profits here it's been an unbelievable run, but i think the run is over. >> bonawyn >> i'm with them on the delivery side there's been challenges aside from the weekly run-up, but i think there is a bit of a shift, a focus to actually carrying out there. that's why i think the technological upside is there. given where the stock has been the last couple of years, you probably do still have a little upside here. >> right maybe, guy, if y

of 2022 and much like caterpillar that is up 65% those 2022 lows and uber is up 140% off of the 2022s chasing the momentum is difficult. so i'm not adding this name into the earnings report and any market or stock-specific decline i would be adding. i think the stock goes a lot higher we are just now getting back to where we were in that 2019 hyped ipo. the stock's only up a little bit from there we think it goes basically back to new highs, eventually over time through profitability and cash flow, but it's going to take time and we're a buyer of pullbacks here for sure. >> that's a great point, and it wasn't 45 and the ipo price is at 49 now and it's the 49 now and it's a chance at a fresh start and kind of like when halftime sore scores back to 00. and molson coors reports it is up 35% year to date and coors and miller light brands has seen growing market share from the bud light fallout and this is interesting and these shares are still more than half off their highs from all of the way back in 2016. this is kind of macro. beer consumption to your point around molson coors are bei

uber eats and postmates.able to order their favorite pies on uber apps by the end of this year. >>> that's your cbs "money watch" report for this thursday morning. i'm erica brown, cbs news, new york. >>> cruise ships are seeing a spike in norovirus outbreaks. the centers for disease control and prevention is reporting that more outbreaks have been reported in the first six months of the year than in any other full year in the past decade. 2023 has already seen 13 outbreaks. the most recent was last month when more than 100 passengers fell ill on a cruise from iceland that docked in new york. >>> up next, saluting excellence in sports. we're going to show which athletes took home the top honors at the espy awards last night. i'm amber, i've lost 128 pounds with golo, taking release. i have literally tried everything. i was on the verge of getting gastric c bypass sururgery, and i sasaw the gololo commerc, and d it was thehe last thing i trtried 'causese it worked. looking for a bladder leak pad that keeps you

uber's summer surge ahead of earnings and mining the industrial action in m 3m. i'm melissa lee.

when you are on your phone, you can look at lyft versus uber and pick whichever is cheaper.able to have that pricing pressure, i don't know if liyft can compete with hat. >>> well, coming up, amazon primed and ready what the two-day shopping event could mean for the retail space. and if consumers are ready to spend. more on that next. >>> plus, teeing off at takeoff. how you can watch liv golf tournaments while waiting for your flight. grab your 9 iron, we're swinging in on that one when "fast money" returns. >>> get your trades to go with the "fast money" podcast catch us any time, anywhere. follow today on your favorite podcasting app we're back right after this. what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. we've got one hope. secret laboratory. in the middle of now

uber recently surpassed its price.ive disruptive companies or utilities creating value over time may not be at disruptive at the vc world in particular once thought they would be. >> he said among other things to compete every day and get better every day. lots of ways that lyft can and does compete quality of service, timeliness cleanliness of the cars. so on. the other one would be price did you get a sense from him that on the, those metrics of competition one is more important than another in other words, that he's going to emphasize lower price over other things >> this is a really important point for wall street, because when he came in and i sat down with him, right when that announcement hit, taking over for founders i asked another price war? he said essentially, we're going to compete on price but now 100 days out i asked him do you continue to do that? that won them a few ways in competing. talking about tyler, ways that they do this talking, hear a lot more from him. tune in to that. "techcheck's" special e

. >>> oppenheimer says to buy uber ahead of results tuesday we'll take a look at the numbers with thebehind the call don't go anywhere. (upbeat music) - [narrator] what if there was a hearing aid that could keep up with you? (notification dings) this is jabra enhance select. it's a smart hearing solution that makes hearing aids more convenient and less expensive. it connects with your phone so you can stream calls and music. with jabra enhance select's premium package, better hearing doesn't have to start in a doctor's office. it starts with a free online hearing test you could take almost anywhere, so you can get your hearing aids custom programed for you and delivered in days. from there, you can fine tune your settings with your remote audiology team seven days a week, so your hearing aids work when it matters most. (notification dings) in fact, more than 95% of enhance select premium customers report hearing better with their friends, family, and colleagues. with jabra enhance select, you can get the same advanced hearing aid technology and professional care you expect from a clin

stuart: no, i bought uber instead.ease. moving up just a little, 3.77%. where's the price of gold? i ask this every single day, it's always below $2,000 an ounce these days, 1962 right now. bitcoin moved above 31,000 yesterday, staying there at 311,100 # -- 31,100 this morning. the price of oil has been moving up, today it's down a bit, $76 a barrel. and we have natural gas, that hasn't moved much, it's not moving much today, up 5 cents, 2.59. the average price for a gallon of regular gasoline nationwide, $3.56, up one cent. california it's now $4.90. >>> coming up, floridaman carlos jimenez went to to panama. he videos a stream of migrants on their way to america. the congressman will join us later with an inside look at the cartels organizing this new surge. >>> the most magical place on earth is facing a summer attendance problem, but disney's ceo bob iger denies it. we'll sort it out. >>> look at this headline, the most dangerous recession might not be economic. michigan congressman jack bourbon wrote that. he expl

uber evercorp calls uber it news number one pick, mark mahaney replaces meta. it's been on a run, josh, and steph, or josh told you that, gosh, for so many months now year to date it's up a 74% i was going to -- i mentioned you because i'm still channeling meta you've been trimming the position. >> you're obsessed with me. >> mahaney says new number one pick for him. >> it's mine. >> that's uber. >> i don't like walk down the street giving people stock tips, but like if somebody is like what are you the most excited about? in my personal opinion, i own this stock and my average cost is in the 30s, bought it high, it crashed, bought it low. i've been in it a long time. when people ask me what are you most excited about this is the most mispriced large cap tech stock it's not even in the s&p 500 yet. the stock is trading 2 1/2 times price to sales in 2021 it sold 10 times sales so now you have a story where you've got a company with i don't want to call it a monopoly per se, but lyft is kind of dead in the water uber is a verb they have gotten out of so many bad

will: uber's saying the city is lie dog delivery workers.kers, they want apps to fund this increase while forcing remaining workers to deliver orders faster. you know, i already, i do this often, i order food for delivery. the number of surcharges is getting really high. the delivery charge, there's other ones you can't quite parse, service fees and then, of course, taxes and tips on top of it. by the time you're done, you're looking at an extra 30% on top of what your food price was, easy you're up to that level. i've got to think at some point this has a real inhibiting factor on the whole idea of door delivery food. >> well, it does, absolutely. in actual fact, in my home tate of minnesota in the last session, a bill was passed to do something very similar to this for businesses like uber and lyft, and the bill was actually so crazy that our governor vetoed it. tim waltz is nobody's idea of a moderate, but this bill was too crazy for him. and during the debates on that bill, uber did actually say if this legislation went through, they wou

, another stock on a roll, dee. >> yeah, uber, life as a public company has been about profitability.as got uber to as a company an almost $100 billion market company and they think that will keep the party going. shares have doubled butting it above the ipo price of $45 a share. the metrics to wash are free cash flow and how fast they can turn adjusted ebitda into genuine gap profitability. they'll look at mobile gross bookings, to see if it can keep gaining. there was also a report not long ago that chi is planning to leave the company. along with the ceo investors will want to know if that's true and who could possibly come into take his place. finally, mike, regulation. this is one that you don't hear a lot about in analyst notes from wall street, but whenever it does pop up like the new york city minimum wage law, it tends to make shares very volatile it's one that is overlooked and one that i was looking for. >> it is interesting it gets into this equation about uber is almost treated as this indispensable utility, a mobility utility they'll figure out a way to earn for sharehol

and it's now above the ipo price. >> yeah. >> $47 $47.20 near 4% again today. >> it's very early uber has been around since 2009 and it's been public for a long time but now that they are reaching full-year profitability, that sets off a new chain reaction of what can happen here. this is my largest position, by the way, personally. this is the analyst. $59 target top internet pick despite the fact it's up 90% year to date. reiterate buy. given accelerating free cash flow generation. that's what's important right now to investors and large cap tech stocks. that's what they're focused on, the companies that are being preferred by the flows they want to own stocks like this uber wasn't in that category last year. it is this year. and then you have all these nonfundamental catalysts what are we talking about? s&p 500 edition, a market cap right now. the smaller names in the s&p 500 are about $16 billion, $17 billion market cap obviously this goes in what was the last large cap tech stock to get added to the s&p and what did its stock price do? anybody remember tesla they held it out unti

uber mobility and delivery has held up really well.y-like than discretionary, and then in the meantime you've had this dramatic gap up in profitability. we finally got free cash flow out of uber in the june quarter last year and every quarter it's marched up that's not always the case going forward. i guarantee it won't be. it will be continuing to march up and you still have a really interesting valuation play here, despite the run up in the shares i see this with a 5% free cash flow yield on '24, 7% free cash flow yield on '25 and for an asset, i think it's the only mega cap name that i look at and maybe across tech that i think can sustain well north of 20% revenue growth and we have profitability ramping up we have much higher like 40% free cash flow, earnings ebitda, i think it well warrants those multiples if not higher. there's more of a rerating coming on uber and why i like it, and it's our top pick here. >> one of the things i sort of underlined in your note about amazon, is that you think the increase usage and demand for a.

i bought uber, not tesla.40 years and this company is led by the absolutely best ceo on the planet. that's flattery but i'm sure elon will take it. best ceo of the century. lauren? lauren: most interesting ceo of the century. stuart: ash? ashley: certainly the most -- i don't know what's the word. extravagant but always fun to cover and you've got to hand it to him, he's pretty incredible what he's been able to achieve. stuart: it is absolutely incredible, that's true. jim writes this, so hollywood actors are afraid of ai putting them out of work. gee, maybe they'll have to get real jobs and do work. i disagree with that. sorry, sorry, sorry. actors have real talent and work extremely hard and so do writers. i have no objection to people with real talent and hard work getting ahead in the world. they have real jobs. are we all in agreement on that? ashley: oh, yes. stuart: just want to say thanks to everyone who sent in their feedback. it is now time for the friday trivia question. who was the first baseball p

it's uber. it's up 3% right now reiterated top pick.he last three months alone, earnings next week. bill baruch, you own it. we've talked about it a lot. because josh owns it he's owned it for a long time and it's not the top pick that he has, it's right up near the top of the list. what about you. >> after trimming, it is in our top ten. we added it into the portfolio 13 years ago this company wasn't around for 13 years they've hit 11,000 cities long term i like the fact that you can see the diversification of revenue streams it's a $1 trillion adjustable market there and the final mile package delivery is something i think we'll grow and it will be a good margin business it's technical support >> the street has been chasing and they love it, too. 91% of the coverage has a buy. only 9% hold, zero sell. what a difference, jimmy, a couple years makes in terms of profitability, alleged competition that doesn't feel like competition anymore >> a legitimate company. the business model has been proven for years i've missed this to bill's poi

h i do think the map does not work out for uber eats and uber in particular.nning around delivering smoothies that cost $8. he is making like $1.80. i think the whole equation on uber eats does not work. i have no problem with tipping. it is pure american.co mei will underpay you, but if yu are good, you will get moreiv money.e ke i like the concept.s: >> i l over tip because i tip si can come back. when it is crowded, he is a good temper. >> it used to be if you do not have enough to tip, don't go out. i i did not want to be that guy. he was out of line, first of alg cussing her out for 25% tip. >> if you are in a restaurant, sitting down and being served, you do have to take into consideration time, energy, gas. they are not making a lot oflu money.se he should not be judging her on her house. >> he could be an uber house sitter. >> we are misunderstanding the spirit it is a new service called door douche. i think tipping is good service. i love that you can reward not someone.toma i don't like automated tipping were so much his you your food and they hand y

domino's higher by almost 11%, uber is slightly higher.ming up former new jersey governor chris christie is joining us next for his first interview on fox business since declaring his intent to run for president. we'll be right back. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. [ applause ] the day you get your clearchoice dental implants changes your struggle with missing teeth forever. it changes how you eat, how you feel, and how you enjoy life. it changes your smile and how others smile at you. clearchoice network doctors have changed over 100,000 lives with dental implants, and they can change yours, too. because a clearchoice day changes every day

they called an uber and it was a karaoke cab.biggest hits. ♪ and it feels like ♪ ♪ the whole wide world ♪ ♪ is raining down on you ♪ ♪ brought to you courtesy ♪ ♪ of the red, white and blue ♪ ♪. will: that answers my question, they were driver had no idea it was toby keith. he put on to pop-up shows and his home state of oklahoma after canceling due to stomach cancer. those are your headlines. let's check in with adam klotz for a "fox weather" forecast. >> we are looking at another really hot day unless you live in the east where you could deal with heavy rain. this is what it looks like early this morning 80 degrees in new york city. the east coast one of the warmest spot as we speak nearly 80 degrees in miami, new york city feeling very warm but rain showers are sweeping through, we've seen big rounds, every one of the little green boxes is a flash flood warning currently in place and flash flood watches her after stretching across the entire interior of new england that's inattentive rain over the last week or so. more rain is

>> no ubers, hardly any guards. jimmy: you have video. >> i walked into blaine, washington, with my luggage. there was a lot of -- my penis was frozen. [ laughter ] >> jimmy: uh-huh, that happens a lot. >> i just left it on the ground. [ laughter ] i met a guy named john from victoria. >> jimmy: where'd you meet john? >> we met in the wheelhouse bar. >> jimmy: really? >> where a very drunk man said, "i'll take you guys." i was like, "i don't think so." [ laughter ] for real he said, "i'm going to go home and masturbate, then." [ laughter ] i'm like, "i bet that won't even happen." then we took a two-hour -- they're like, "we can get you as far as bellingham," about an hour, less than an hour away. >> jimmy: you and john? >> me and john were in a cab. we watched a drug deal go down. >> jimmy: what? >> we got some great fentanyl. perfectly cut. and john and i fell in love. [ laughter ] and i left sarah -- there's john. [ cheers and applause ] >> jimmy: oh, there's john. >> that guy. he's a big hunter. big fisherman in

. >>> meantime, doordash, grubhub and uber are down further than most this morning.bout why after this short break. we earn your trust. maintain our financial strength and stability. and deliver solutions that meet complex needs. massmutual. partnering with financial professionals, benefits brokers, and institutions. how's the chicken? the prawns are delicious. oh, i have a shellfish allergy. one prawn. very good. did i say chicken wrong? tired of people not listening to what you want? it's truffle season! ah that's okay... never enough truffles. how much are they? it's a lot. oh okay - i'm good, that - it's like a priceless piece of art. enjoy. or when they sell you what they want? yeah. the more we understand you, the better we can help you. that's what u.s. bank is for. huge relief. yeah... ♪ sleepovers just aren't what they used to be. yeah... a house full of screens? basically no hiccups? you guys have no idea how good you've got it. how old are you? like, 80? back in my day, it was scary stories and flashlights. we don't get scared. oh, really? mom can see your

but i got you, i'll call an uber. a pack of cigarettes, he'll carry you around. [ cheers and applause ] "this fool" is on hulu now. please welcome chris estrada and frankie quiÑones. [ cheers and applause ] ♪ it's good to see you guys. frankie and chris, how long have you known each other? >> going on ten years now. >> ten years. feels like 20, though. >> jimmy: feels longer? >> to me it does. >> jimmy: this is kind of your dynamic on the show too, right? >> yeah, a little bit. >> a little love and hate thing going on. >> jimmy: this show is based, chris, on your life? >> yeah, based loosely on my life. yeah, based loosely on my life. >> jimmy: it's based on your life. how, specifically, is it based on your life? >> you know, i think it's -- i would say probably 50%. it's a character, the guy who i play lives at home with his mom, you know. it's all women in the house. he's a lonely guy. >> jimmy: gotcha. >> has an older cousin who got out of prison, used to be a gang member. that was based off my real cousin. frankie

right now, you can order domino's, from now on, on the uber eats app.ow, alone, domino's does one-third of pizza delivery already, despite having zero share. so, i think this is worth every penny to domino's stock, because this is a new, fantastic source, and i think that, wow, domino's still does the delivery, but it makes so much sense. it wouldn't shock me if eventually it's more than just uber eats. >> well, there's postmates makes its way into this report as well but domino's has been famously resistant to third-party delivery >> i used to have mr. allison on, and he used to bemoan the fact that there were these entries that were making it so his delivery network was not as effective. no no more. russell 100, "this is an amazing deal i understand the stock being up 40 i could see the stock being up 60." this is a game changer domino's has one-third of the pizza delivery despite having nothing like this, so, yes, you'll call uber eats on the app, and domino's comes. brilliant. >> yeah. it has implications for unit growth for certain >> it sure does.

while uber, doordash and grubhub are suing new york city. and how much impacting the stocks. >>> plus, a billionaire social battle zuck and musk clashing as meta rolls out its twitter rival. but will it be a competition killer the numbers and the latest ahead. you're watching "fast money," live from the nasdaq market site in times square. we're back right after this. with two max-strength pain relievers, so you can rise from pain like a pro. icy hot pro. >>> welcome back to "fast money. uber and doordash both dropping today after the companies filed a lawsuit against new york city to block its minimum wage law from taking effect next week the law would require app-based delivery companies to pay drivers $18 an hour, with the rates ramping up to $20 an hour by 2025. this seems like they would really throw this business model on its head, grasso. >> yeah, i would assume. when you start screwing around with that, the numbers don't make sense and you want people to get a fair share and you want people to get a fair income level, but whenever you

some of the first ones that started to sell off, and obviously uber is a little different. they had different dynamics going on between rideshare and delivery if youlook at uber, airbnb, those stocks are both $100 billion market cap companies right now, they've had massive rallies, and they've gone from, you know, probably decent market size to very large, if you think about it, just in the context of the nasdaq 100 so, those, how they react, is going to be really important the valuations are getting a little stretched up here i think it's interesting, if we look at the semis, and today, we had that intel move, up 6.5% on friday after its result in guidance, gave half of that back today. taiwan semi, which guided a few weeks ago, has been stuck in the mud a little bit that's why amd report, and guy, it's going to be interesting but we have seen a rotation out of semis and i think that is bullish, if you're thinking about, it's bullish -- i'm not saying it's bullish, not that i am it is you beish. there's no way to say it otherwise. >> no way to say it otherwise. hi, mel. >>

but when the wife was in costa rica took an uber ride to the airport. turns things for the worst. technically the trip was 30,000 cologne, a switches costa rican currency. converted to u.s. dollars. should've been a $55, but it didn't convert. so they will charge 30,000 u.s. dollars for that ride once they got to guatemala, they didn't very much money and they had to postpone their wedding vow renewal plans after 4 days of nonstop calls to uber and to their bank, charge was finally reversed. but what a way to change your trip where you're spending time, 4 days to somebody uber that this charge was >> okay. 7.21. is the time senators are gearing up for a fight over a major defense bill. the legislation passed the house late last week along party lines. our dc correspondent hannah brandt. >> explains more. >> this is an annual bill that's typically bipartisan. but this time around house republicans packed it with priorities that will likely make it a tough sell in the senate. republicans are claiming victory after passing defense funding bill through the house. i think we're laying

uber is up. here we go. 10:51 eastern time.an kilmeade who will miraculously appear on your screens and there he is. the white house defended the secret service ending its investigation into the cocaine found in the white house. roll tape. >> there's hundreds of visitors the travel through this area where the cocaine was found. i'm going to leave it to them for additional information, certainly not going to opine on the process but we believe it was a thorough investigation. stuart: are you buying that? brian: of course not. your viewers are not and my listeners are not. nobody is buying it. the secret service, they are not known as investigators but the fbi was aiding in anyway possible. you get an investigator and you get the answer and go to extreme measures to do it. when it comes to investigating every element of things that go wrong in the white house and trump years or afterwards, no problem, resources, what is worse? they tried and came up empty or they didn't try and want us to believe they did? either way, it's not go

they are partnering with uber. >> up 14%. uber will list domino's menus on numerous delivery apps.ight say does a lot of menus but not domino's. domino's business model was they didn't need a third-party delivery company. three minutes or less, we'll do it. not the case anymore and investors think it was about time when you look at share prices. the ceo hopes to generate a billing dollars in new sales because of teaming up with uber. stuart: just putting domino's menu on over eats. >> that's where people's eyeballs are, right on the app. they don't to the old-fashioned way, call. you think you're supposed to call, you supposed to do it want to know is doing with shovel five what did they do together? >> you could literally shop from your television set. if you watch tv and you see an ad for a company, you can use the roku remote to learn more and buy it from the television just like that. ease of purchasing and roku pay to pay and then continue your show. stuart: too easy. [laughter] >> the companies don't know too much about me, what i'm watching and buying at the same time. stuar

uber set to report earnings before the bell tomorrow let's get to this one.phenomenal job, it's unquestionable they almost have the industry to themselves lyft is trying to make a comeback, but uber is just so dominant so this is not a cheap stock as so many stocks are, so all you have to do is continue to see the momentum in the reporting. i think the stock does pretty well and no room to miss, however and it's had a nice one over the last month. >> you mentioned they don't have a lot of competition and lyft trades at a much lower valuation. >> as it should. >> is there room for two ride share companies in the u.s >> there is room for two rideshare companies in the u.s., but they made decision, lyft, a long time ago and it's one of the reasons why the founder stepped aside whereas uber is just more things international >> final trades now. anastasia, you are up first. >> private equity ecf with private equity into the second half of the year is i think the global ipo market can't pick up and if it does, that means more exit and more opportunity for capital.

uber drivers salivating because traffic is going to be a huge mess. it's a big, big deal when it comes to commerce, and it shows. in an economy like what we've seen and not to get too geeky here, the federal reserve saying, we don't see a recession anytime soon. people are spending money again, and this is some of the things that they're spending money on. it's one of those things you see in good times. people really want to line up, and they're willing to spend big, big dollars to have a good time at a concert. and after a couple of years of not doing this, they want to do it with thousands, tens of thousands even, of people they can gather with. >> last question. what did you learn today from all the fans out there? >> reporter: you know, what did i learn? i learned that there are a ton of people of all ages who absolutely love taylor swift, and it's funny. as someone who came up watching a lot of concerts and always was like, gosh, can i spend the $15 on a t-shirt, there is an amazingly deep market for this stuff. it just didn't stop all day long,

customers can order dominos on uber and leading the nasdaq. uber, only up half a percent >> lots of reasons for some investors to be happy. >>> we start with a key read on the economy. the beige book will be out momentarily. but the markets getting a boost from better-than-expected inflation data this morning. cpi gained 0.2% month over month in june, up from the 0.1% increase in may. but below expectations let's bring in chief u.s. economist at jpmorgan and rick santelli is with us. what is the most interesting number getting beneath the surface on a cpi you think and the one that has investors here most excited >> the core number came in a low side, 0.2. and when you look at the details there, it was a broad based slowing. when you strip out components, we're near two-year lows, let's say. overall, it wasn't dominated by one factor, like used vehicles or some kind of quirky factor like that. that's probably something that is giving encouragement to people as they look at the inflation outlook. bear in mind, it is one report but it definitely

dominoes struck a deal with uber eats and order pizza from dominoes on uber eats or postmates app and for chipotle and open the app and decide to get pizza instead. it's free revenue for dominoes. stuart: they were looking for an extra $1 billion due to tie in with uber. >> that's realistic. stuart: that's a lot of money. >> in the past you had to go to their app so make it is a little easier. stuart: lucid in the news, you like them? >> i do not. i like rivian. looking at lucid, look, their production came up short and deliveries cape up short, and stu, this shines a light on some of the struggles and challenges that these younger ev companies face. we say that with rivian where they were missing, mizing, missing then all of a sudden the second quarter looked really good for them. you know, i think there's certainly challenges for lucid, but i think investors understand overall that these companies, they will likely amount to something. it's just going to take awhile for them to ramp 7:. stuart: hard to pick winners in an emerging market. >> tesla and rivian doing well and everyone e

reggie: somehow who breeds -- uber eats is involved. drew: uber get you there in a sleigh.imilar to yesterday. temperatures are close to average. we have summer warmth. tonight, numbers in the 50's and the 60's. it is all about excessive heat and lend but the temperatures excelled even more. saturday will be the peak of this heat event at location is key as to how one we get. if you are along the coastline and in the city, we are only in the 60's but you hop over into concord, 102, 104 in calistoga. that is why not everybody is under the excessive heat watch. it is areas inland. the natural ac is going to keep the coastline comfortable. here is the seven-day forecast, summer warmth the next couple of days and then excessive heat moves in. by saturday and sunday, take it easy and meant because these numbers can take a toll on your body. beat the heat going to the coast with temperatures in the 60's. jobina: we are seeing stop and go traffic in the westbound direction on the san mateo bridge. it is moving then it was the last few minutes. we unfortunately are seeing a lot of

>> we do not at this point you know, i -- i asked the question on delivery on uber uber delivery has done really, really well, but it's hard to own restaurant stock long term get them when really cheap how did that become really cheap? during covid became expensive. a business to manage costs in a very quick and, adjust quickly especially now with wages going up haven't seen any falls in unemployment. >> thanks very much. appreciate the guest from union scare hospitality. >>> coming up, make joover, tryg to be a one-stop shop in beauty and wellness. >>> "power lunch" will be right back. y. we've been married 45 years. i'm taking a two-year business course. i've been studying a lot. i've been producing and directing for over 50 years. it's a very detailed thing and the pressure's all on me. i noticed i really wasn't quite as sharp as i was. my boss told me about prevagen and i started taking it. i feel sharper. my memory's a lot better. it just works. prevagen. at stores everywhere without a prescription. >>> as the u.s. economy continues to power ahead small businesses are adding to

call an uber call a friend designate a sober driver. there's a lot of options out there these during the maximum enforcement period. i'm told not to expect a verbal warning. >> they're citing everyone for any traffic violation in order to keep the roads safer in contra costa county amanda hari kron. 4 news. well, as more people continue to hit the road for the 4th of l july. here's a look at when. >> you might see some heavy traffic triple a says to expect traffic to pick up on july 4th from noon to 3 in the afternoon and from 04:00pm to 06:00pm on july 5th. so with that, we're going to send things over to meteorologist bree surround rig has a to take a look at the murray said, hey there, dan, fortunately, we're going to track a gradual cool down even through your 4th of july. but the bad news is we're seeing the return of the pesky low and high cloud cover as a result. so that's going to be our trade off. >> so expect to see more clouds, an actual fireworks, especially along the coast for your 4th of july. but the good news is we are t

we appreciate it >>> wall street buzzing about the new deal domino's has with uber details on that andso much up 11% this is american infrastructure. megawatts of power, rails and open road, and essential services of every kind. all running on countless invisible networks, making it a prime target for cyberattacks. but the same ai-powered security that protects all of google also defends the systems running america's infrastructure. for these services. for the 336 million of us living here. ♪ >>> the dow has lost some of the morning's gains but on pace for about the best day in a month. major index positive for july. mike santoli is back with us watching some of the action and watching whether the bulls hang on to this >> it has been a sturdy month. the s&p 500 tried to use 4,400 as a floor it has acted okay. now you are seeing a cooldown in industrials, a big leadership group coming into today. they're underperforming. you have a moment where we got what we wanted out of the inflation number it seems the burden of proof is on people who feel as if inflation will be a problem, at the s

there were no uber or lyft and we were taking care of the business. later on they say you want to make money real money then buy medallions, $250 thousand. they offered to me and (indiscernible) so, anyway, (indiscernible) they promised us $2500 a month and then i had a loan for $1300 a month and i have to work because they had rules and regulations and had to work twice a week and these two days i work i am not able to do everything and it will be nice for us. something that is going to happen is my retirement going to come soon and have a good life. anyway, later on came uber and then took all the (indiscernible) $2500 a month was getting every month, he went down to $400, so i bought my car and got my permit and start working by myself and until now. since then and i start driving i make only $150, $200 a day and just to pay the bill s and working like 16 or 18 hours a day. i'm glad the city is doing well because we have plenty of public transportation, but we are the only ones who pay $250 thousand and the rest, uber, lyft, black cars and anybody

this is why i like uber. you've got three value catalysts coming up.each gap earnings profitability, i think they're going to attack that and sustain that -- awe attain that and sustain it. third, they're actually going to meet all the criteria by tend of this year to be added to the s&p 500. i think they'll be a great candidate the next 12-18 months. stuart: you're such a good man. i bought the stock last week on your recommendation. mark mahaney, i think you're great, and iment expect to see you back real soon. mark, thank you, sir. >> have a great weekend. stuart: you got it. you too. here we go, we're five seconds away from the opening of the market on a friday morning. always a special day. we're expecting a modest day certainly for the dow at the opening day. he presses the button, that's the nasdaq, by the way, and we're off and and running. the dow is up 100 points. when we've opened, we'll show you the dow 30 stocks. let's get that going. are there you go. they're not open yet, but they will be very, very soon. all right, move on -- there you

put it in the back of the uber something like that.ks later just go - "oh, no. i think i killed that foreign family [ laughter ] they are so dead and there's nothing i can do i just want to call 911 and be like, 'i'm so sorry, there's this family and i sent them west at port authority and all they wanted was cheesecake and now i can't sleep.'" my family's concerned about me out here and they should be. [ light laughter ] if you're a criminal and you see me walking around, your thought is, "it's going to be a good day." [ laughter ] that's what you think. "i'm going to hit my quota early and clock out," you know [ laughter and applause criminal half day. [ laughter ] like -- if i was ever on the phone with my father walking around the city, he'd always go, "son, where's your wallet? put your wallet in your front pocket." that was my dad's plan to foil new york city's criminals. [ laughter ] just to switch my wallet over into the unexpectant pocket, you know [ laughter ] i -- i don't know how this plays out if you get held up, you know i