a limo driver to work as a uber driver to meet the increased demand. >> everybody is talking about uberyork and passengers normally say to me they love uber. uber changed the city. >> reporter: don't write the obit for the taxi and lines is be long for a cab and 400 yellow taxi rides per day in new york 20 times more than uber rides and that is good news for the yellow cab driver who admitted that uber is more popular than tech-savvy crowd but said he is not worried about competition. >> there is a lot of business out here and enough to go around. >> reporter: if uber is not in the city you live in chances are it might be soon. uber so successful it has been flooded with venture capital money from investors and thought to be worth more than $40 billion and that is money that will come in hand as it continues an aggressive international expansion. as this map from forbes showss uber is available in over 270 cities in 55 countrys where a purple dot appears and they have been hit with court injunctions in five european countries for allegedly violating taxi licensing rules and clie that an

uber drivers like eduardo are why. to meet the increased demand. >> everybody is talking about uber in new york. passenger normally, they say to me they love uber. you know, uber changed the city. >> but don't write the obituary for the yellow taxi yet. still on average over 400,000 yellow taxi rides per day in new york city, 20 times more than uber rides. that's good news for bill powellec, he says he's not worried about the competition. >> you know there's a lot of business out here and there's enough to go around. >> reporter: the uber isn't in the city you live in now chances are it might be really soon. uber has become so successful it is flooded with venture capital. money that will come in handy as it continues an aggressive international expansion. as this map from forbes shows uber is now available in 270 cities in 50 countries everywhere a purple dot appears. they have been hit with court injunctions in nearly five countries, for allegedly violating taxi rules. in the city that never sleeps uber has taken roo

talk about uber "the korea times" have reported some uber employees have been detained by police forlating the country's transport law. the report says authorities plan to summon travis kalanick if he does not comply a warrant could be issued for his arrest. kalanick was indicted in december on charges of running an illegal taxi business. uber did issue a statement to us saying uber is fully cooperated with the police during the course of their investigation and we will continue to do so as the party is referred to the prosecution for recrew. uber does not believe the employees in korea have engaged in me a any misconduct or illegal behavior and believes the prosecutors will come to a similar conclusion. we can talk about that or their valuation, a multiple of pinterests if you don't like pinterest why would you like uber? >> i love the service. i would never make this investment. this is crazy also. uber is not actually a proprietary service. it's got the largest scale currently globally and that has value, but there will be lots of competition from all kinds of people over the year

uber's business practices.ory: what concerns you the most and what is unique to uber that is not endemic to the entire transportation or taxi business? mark: what is unique to uber? cory: what are the things uber is doing worse that other taxi companies are not doing? mark: what we were does well is, they have one platform, and they are able to basically take the cream. they take only customers with credit cards. they only take customers who have smartphones. they don't take trips later. they only book trips now. they have a very good, clean business model. they also don't really follow the rules and regulation. they consistently battle whether drivers should be properly licensed. and they try to rewrite the rules. but that does not hold them back, because they go into markets and thumb their nose at regulators until they can get the critical mass. what they also have that is unique is about $4 billion in cash. it is ironic that uber criticizes and attacks what they call "big taxi," u whenber -- when uber repre

passengers, they say to me they love uber. you know, uber changed the city. >> but don't write the obituary for the yellow taxi yet. lines can be long to flag a cab a and on average there are 400,000 taxi rides per day in new york city, 20 times more than uber rides. that's good news for bill a yellow cab driver who admitted uber is more popular with the tech-savvy crowd but said he's not worried about the competition. >> you know, there is a lot of business out here, there is enough to go around. >> if uber is not in the city you live in now chances are if might be very soon. uber has become so successful it has been flooded with venture capitol money from investors. uber is now thought to be worst $40 billion. that's money that will come in handy as they attempt an expansion. >> it is now available in 55 countries, everywhere a purple dot appears. but such rapid growth has not come without controversial. they've been hit in court injections in at least five europe piano countries for allegedly violating taxi rules. and in in

and uber drivers like eduardo are part of the reason why. >> everybody is talking about uber in new yorkenger normally they say to me they love uber. you know? it -- uber changed the city. >> reporter: but don't quite the obituary for the yellow taxi just yet. there are still on average over 400,000 yellow taxicab rides in new york city, 20 times more than uber rides. that's okay for this uber driver. >> there's a lot of business out here, and there's enough to go around. >> reporter: if uber isn't in the city you live in now, chances are it might be very soon. it has become so successful it has been flooded with venture capital money from investors. it is now thought to be worth more than $40 billion. that's money that will come in handy as its continues an aggressive expansion. uber is now available in over 270 cities and 55 countries, where every a purple dot appears. but such rad pid growth hasn't come without controversy, they have been hit with court injunctions in five countries. and in china and india, local competitors claim to still have bigger market share. but in the city tha

>> what is unique to uber?ory: what are the things uber is doing worse that other taxi companies are doing? >> to have one platform where they are able to take the cream they only take customers with credit cards, they only take customers who have smartphones they only book trips now, so they have a good clean business model. they also don't really follow rules and regulations. they can consistently battle whether drivers should be properly licensed and they try to rewrite the rules. but that doesn't hold them back because they go into markets and thumb their nose at regulators until they can get to critical mass. what they also have that is unique is about $4 billion in cash. it is ironic that uber criticizes and attacks what they call big taxi when uber represents the largest taxi company in the world. they like to position themselves as a technology business but at this point, they are just a very large taxi company. cory: i would argue every business is a technology business these days, but their contention

way for uber riders to dispute their uber score eight reporting for thee on your side, i'm jim donovan> well you got to be nice to people eight. >> whether you're being graded or not it's the right thing to do. be nice to your driver. >> even early in the morning. >> or late at night eight. >> like always be nice to your meteorologist as well eight she'll deliver good weather. >> perhaps eight. >> if you can. >> if we can right. we're going to be seeing some really nice weather our i wet weather watchers are reporting in chilly temperatures. you'll see them at the bottom of your screen. take look outside it's getting colder eight. >> brrr eight. >> clear skies and light winds means cold temperatures overnight. this is a view from our skycam3 of center city philadelphia eight you can see we are looking at some clear skies as well on the radar eight no precipitation eight but we are looking at dry conditions and you can see the clouds creeping in from the south eight and that means another storm is coming our way eight but not too soon eight i think we'll get one more dry day out of this

uber full time.ou tell us how much money you're making? >> full time i make prox will i a thousand dollars a week, which is great because it keeps us from essentially going back and losing our home [ inaudible ]. >> so do you have any specific rights as far as what state of new jersey is doing in terms of regulation? >> i'm concerned that it could start -- >> i think we're having audio issues in trenton and back to them if we can. new jersey continues to make news with regards to uber, tesla, chris christie signing a law that cup assume assume -- done assumers can buy directly. >> that's a big deal. >> that's great. >> you think so? >>. >> there's no -- when you step back and think about it, why shouldn't the company be able to sell its cars. good for consumers. company can take care of them. >> absolutely on the uber and lyft issue i don't get why uber and lyft shouldn't have to play by the same rules as taxis. is the taxi industry overregulated? i have gotten into a number of sketchy smelling cabs

he gave up being a limo driver to work himself as an uber driver. >> everybody is talking about uber. passenger normally they say to me they love uber you know, uber changed the city. >> reporter: but don't write the obituary for the yellow taxi just yet. lines can still be long to flag a tax and there is still on average 400,000 taxi rides a way. that's good news for this man who said he is not worried about the competition. >> there's a lot of business out here. and there's enough to go around. >> reporter: if bubber isn't the city you live in you, chances are it will be soon. it has been flooded with venture capital money from investors. it is now thought to be worth more than $40 billion. that's money that will come in handy as it continues an aggressionive expansion. uber is now available in over 270 cities and 55 countries, everywhere a purple dot appears. but such rapid growth hasn't come without controversy. in china and in india, local competitors claim to still have bigger market share. but in the city that never sleeps uber has taken route faster and deeper than anybody co

passenger say to me they love uber.r changes the city. >> reporter: but lines can still be long to flag a cab, and there's still on average over 400,000 yellow taxi rides per day in new york city 20 times more than uber rides. that's good news for bill a yellow cab driver who admitted uber is more popular with the tech savvy crowd, but said he is not worried about the competition. >> there is a lot of business out here, and there is enough to go around. >> reporter: if uber isn't the city you live in now, chances are it might be soon. it has been flooded with venture capital money from investors. it is now thought to be worth more than $40 billion, that's money that will come in handy as it continues an aggressive international expansion. such rapid growth hasn't come without controversy, they have been hit with court injections in at least five european countries for allegedly violating taxi rules. and in china local competitors claim to still have bigger market share. but uber has taken root faster and deeper than any

about uber in new york. passengers normally, they say to me they love uber. uber changed the city. >> don't write the obituary for the yellow taxi yet. lines can be long to flag a cab and they're still on average over 400,000 yellow taxi rides per day in new york city, 20 times more than uber rides. that's good news for a yellow cab driver, has been admitted uber is more popular with the tech savvy crowd but said he is not worried about the competition. >> there's a lot of business and enough to go around. >> if uber isn't in your city, chances are it might be very soon. >> uber has become so successful, it's flooded with venture capital money from investors, the company is thought to be worth more than $40 billion. that's main that will come in handy for global expansion. >> uber is now available in 270 cities in 55 countries everywhere a purple dot appears. such rapid growth hasn't come without consist refers to, hit with court injunctions for violating taxi licensing rules. in china and india local compet

is talking about uber in new york, persons in general say to me they love uber.ged the city. >> reporter: don't write the o oover 4,000 taxi rides per day in new york city and 20 times more than uber rides and that is good news for bill a yellow cab driver who admitted uber is more popular with the tech-savvy crowd and not worried about the competition. >> a lot of business and enough to go around. >> reporter: if it's not in the city you live chances are it might be very soon. uber is so successful it has been flooded with venture capitol money from investors and thought to be worth more than $40 billion and that is money that will come in handy as it continues an aggressive international expansion. as this map from forbes it's in 55 countries everywhere a purple dot appears but rapid growth has not come without conserious si and hit with injunctions in five countries for allegedly not going by the rules and china and india markets claim to have a bigger market share and in a city that never slams -- sleeps it could threaten the yellow icon of the city al jazeer

if we take the first example listed there, we take uber, sure, uber has a $41 billion valuation and thaticulous today, but what is the value of disrupting the taxicab market? every city on the planet. if i started jeremy's taxicab company i would have to hire people, get cars, all this wonderful stuff. uber could actually add a million drivers tomorrow if something caused the momentum to happen they have the infrastructure and that's difficult to value. >> uber as a company and as a products, you could argue, are becoming ubiquitous. $41 billion is a high number but perhaps that's not the best example. let's go with snapchat, $15 billion, $16 billion valuation. that compares to roughly the market cap of under arthur which had $3 billion in sales last year. how are these ap tolls apples in the market? >> sure. >> better and faster i get into large innovation creates ripples of opportunities and in times of chaos if you studio that splash you can see patterns of opportunity. looking at snapchat what i would look at is facebook. what is facebook? a giant site that allows you to share and ar

you, other than in some cases uber has the little "u" in the front passenger window. side car has its own appearance on the side mirrors. when we are able to recognize what type of vehicle it is we established a code and i believe it was back in -- must have been june or july of last year and we have been reporting that out to kate torin who is meeting with the state puc on how to better handle that whole situation, so citations have gone up considerably -- >> you mean the number of citations? >> yes. >> is there a way to increase the penalty to discourage -- particularly those in the sharing transportation economy, to dissuade them from violating everyday traffic laws? >> well, i don't know how we would do that. >> i imagine it's a state law. >> yeah. when they're getting whatever citation that they're violating whether it's a double parking, whether it's not paying a meter so it's hard to say. they're not any different from a regular vehicle, so unless we have the ability to recognize them and -- yes, maybe at the state or maybe local ordinance. >> i think i disagre

well, uber's plans to partner with the u.n. to create one million jobs for women turned out to be a nonstarter. the driver unions warned the jobs to be dangerous. it deals the latest blow to over -- uber's image. a global transportation company with 80,000 employees -- we are joined by the north american ceo, mark joseph. mark, tell us what the firm is. mark: we are a worldwide operator. hello, mr. johnson. we are the largest worldwide operator, multimodal, private operator of public transportation systems and we have a retail on-demand system that includes super shuttle several taxi companies and technology businesses that connect to over 100,000 vehicles around the world. >> it a rollup of buses and taxi companies global in nature. >> we are -- mark: we are in 20 countries. he new york we represent about 5500 vehicles in new york city alone. cory: i am sure you would know how awesome uber is. mark: they have good technology but there are people that would like to see more technology -- competition because they are concerned a

uber wants to give the region more than just a ride. consumer investigator chris papst took a trip through oxon hill for their plan to create thousands of jobs in the area. chris: for the last eight months, this maryland resident has been behind the wheel of this uber car a job he feels lucky to have. >> it gives me the flexibility i need to be with my wife. chris: who is sick. for 30 years, he worked for twinkies as a sales manager. when they went into business, he also lost his retirement and his job. >> ima home entrepreneur, set my own schedule. i stay home with her. it's been a blessing. it pays well. chris: in the coming year, there could be many stories like his. today ,uber announced a huge expansion to bring 5000 jobs to maryland and 500 to prince george's county. to make it happen, uber has partnered with inner-city groups to expand opportunities. >> we are always excited about new jobs, particularly jobs that are vital to the economy. uber is a sign of that movement. we want to be on the cutting edge. chris: what would you ha

now, that is what uber wants. think you can extend that to big players in the mobile and internet space who look around and say we want to do search different. we want a different look. we want something different that is really tuned to our business model. and that is where you will see those companies starting to make investments in geospatial and mapping technologies. cory: there also seems to be a trend. to paraphrase public enemy -- is this fear of a google planet? all of these companies thinking, "i don't want to build my business where i am dependent on google, and i wake up one day and watch "bloomberg west" and see they are competing with me." marc: right, and i think that one part is that. and certainly google has been pretty aggressive getting into from the travel business and you are using google maps, you scratch your head when google launches travel-related products. but i also think the other part that is really important is google has done such a great job on maps because they were the first ones t

the paris office of uber was raided.s have been charged with running an illegal taxi firm in south korea. cory: it's amazing. it seems like the business plan at uber is storm your way out into a market, figure out how it is legal or illegal later. katie: yes. the business plan has worked for uber so far. when you see these hiccups, it does not threaten uber's existence, but uber's ability to own these cities. when they have these legal hiccups, they have to press pause and then competitors can come into the market. cory: when i talk to uber investors, they say they have a better shot by going market to market as opposed to going into a whole country and saying, make us legal. are the challenges different in south korea, germany tom and france? katie: i think they are finding the global expansion plan is hitting road bumps because there are cultural challenges they have not anticipated, like in india, perhaps in south korea definitely in germany, where people think of taxicabs very differently from the u.s. uber has been

idea that uber drivers rate riders.ick up based on that score. not surprising, since riders can't see their score unless they ask a driver. uber says feedback is a two way street. meant to curb disrespectful threatening or unsafe behavior. but the feedback doesn't include any details so riders like emily are left to guess why theirs are solo. she suspect it is because she's not so perky on those 4:00 a.m. rides to work. and is determined to improve her score on her own by being uber friendly to every uber driver she meets. and just in case you're wondering, there is currently no way for uber riders to dispute their uber score. reporting for "3 on your side", i'm jim donovan. >> you got to be nice to your driver right? 6:25 right now. coming up in the next half hour of "eyewitness news" flipping over a car submerged in a river. officers rush to go save a baby trapped in her carseat. see the new video from inside this dramatic rescue. >>> also, a soggy start to the weekends so what can we expect today? carol returns with

. >> why uber is hoping to put a million women in the driver's seat. >> east bay mud is sounding the alarm on the california drought. the worst outlook in 40 years. and for customers the news only gets worse. we know it is bad but tonight east bay mud is making it clear how bad it is. east bay mud serves customers from richmond to san ramone but the water supply hasn't been this mad since the late 1970s. laura, a crack down could be coming. >> that is right dan. a drought surcharge likely to become a reality. >> it is as bad as it looks. >> water storage levels are going to rival when we saw in the 1977 drought. >> the key reservoir is 90% full, only because the district is holding water there only because the district is holding it there instead of sending it to other reservoirs. >> our current storage is only 418,000 acre feet. we're 70% of average. >> east bay mud plans to increase the voluntary usage by 15%. >> 15% reduction we've planned for, we need to know, will efforts be enough? what more can we do? >> so far, they're off to a dismal start conserving just 4% in january and f

uber, valued at more than $40 billion, is buying mapping and a search startup called decarta. it's a big deal, the details not disclosed but could be an arms race in the art of mapping. they said a lot of the functionality that makes the app so affordable and seamless is based on mapping technologies with the acquisition, of decarta they can fine-tune the services that rely on maps and uber relied solely on google maps will implement a blend, a little bit of uber and apple but is the first acquisition it disclosed and made smaller purchases and never talked about those. i talked to the managing director of prelu advisors and worked at decarta for six years and said this is a big deal. >> i think what's really happened is, you know google maps are 10 years old. as they came out they developed a great opportunity and everyone sort of went to them by default but as a business need, especially big companies like uber, that really want to dominate their space, what they're finding is relying on the google maps interface and property which is essentially designed as a consumer inter

. >> uber teams up with the united nations on behalf of women around the world. by putting 1 million women in the driver seat. >> sandhya back in a moment with the forecast >> testified for second day today as part of her sexual bias suit against silicon venture capitol firm. powell is suing this firm for 16 million dollars. tiffany has more. >> courtroom turned tense after lunch when the attorney began the cross examination. she grilled powell on the work history exposing her look of investment experience. then dug in the affair with ray. you discussed having children together? yes we did. responded that he was i wanted. yes he did. you communicated you loved him. yes. and he told you he loved you? yes. then dissected text conversation between them asking powell about intimate moments like this one. all i have ever done is love you. and leave me. leave you not true. you knew that you could never which is me over your kids. but it's my fault too because i heard what i wanted to hear and didn't pay enough attention to the facts. previously testified that when she

outnumbered by uber cars. according to new figures released by the city's taxi and limousine commission there are more than 14,000 registered uber cars in new york compared with 13500 yellow cabs. however, taxis, they are still the ride of choice. they pick up more than 400,000 more fares than uber. >>> well, in new york getting an uber ride is getting faster than getting an ambulance. that's according to a blogger who, by the way, posted findings on the website medium of the blogger is claiming the average time to get an ambulance is six minutes. that compares to a little less than three minutes for a ride with uber. the blogger says the time differences may be due to the complex system for dispatching an ambulance. uber, on the other hand, uses an algorithm to find its cars. based on the blogger's finding, he suggests uber drivers should carry basic medical kids like pens and defibrillators that could possibly save lives. >>> 7:46. cars you would expect to see on the streets are the stars at sonoma raceway o

that is what uber wants.f you want to be a big player you have to look around and say, we want something different is tuned to our business model. that is where you see companies starting to make investments in geospatial and mapping technologies. >> there also seems to be a trend, is this fear of the google planet? is this all of these companies thinking, i don't want to build my business where i am dependent on google. i don't want to wake up and see that they are competing with me. >> yes, i think one part is that. google has been pretty aggressive into getting into the travel business. google maps, you scratch your head and its travel-related products. >> "bloomberg west" will be right back. ♪ >> this is "bloomberg west." i'm cory johnson. the game developers conference is in full swing. all of the talk is in virtual reality. sony is trying to convince everyone that is a virtual-reality player. they unleashed project morpheus, a virtual reality headset for playstation 4. they intend to release the device

you have lyft line, they have uber pool.ourself as a different type of service or are you competing on the same plane? >> i think we've always made very different moves. the beginning vision of lyft, you know is that we can, you know, create a world where every car on the road can be a lyft driver and when you're taking a trip you can flip into driver mode and give a ride to somebody else. that's always been the vision. and when we launched 2 1/2 years ago, lyft was a peer to peer service and it still is. uber was a limo service and they followed us into the peer to peer space as they recognize that's a really incredible opportunity, and similarly they followed us when we launched lyft line, they launched a competing service. we'll keep innovating and keep pushing the limits and if they keep following us they keep entering this market, that's fine with us. we're trying to have the largest impact on the world that we can. >> great. >> julia, thank you so much. that's our julia boorstin with logan green, the ceo of lyft. enjoy

still, this is a fresh blow to uber.y inen under various parts of the world, including south korea. they had to hold off operations because of similar problems where drivers did not have licenses. >> this is a problem for global expansion to be sure, but mover still operates -- uber still operates in tokyo. >> the difference in tokyo is that uber uses drivers that have commercial transport licenses. they have to compete with local apps. you have japan's largest taxi company, and they have released a new application for ri de-hailing services. also, if you've ever been to japan, you will know it's not really hard to get a cab in japan. .t's pretty easy put your hand out there, and there are cap seven where. they have around 50,000 taxis available in tokyo. that's about four times more than number than they have in new york. it is not as crucial to have uber. >> also different from new york, the service level. >> it is such a pleasure to ride a cab. >> the white gloves, the professional service. it is like you are being ch

. >> uber teams up with the united >>> investors are convinced the dow will drop this summer. and a and p 500 suffered its biggest decline in two months. >> more and more people are quitting their jobs employers advertised 5 million openings, a sign of confidence workers can find new jobs and employers may have to offer more money to keep the people they have. >> well target says it will layoff 1700 workers at its minneapolis headquarters. >> u. ber made an announcement, a lofty goal with global implications. >> when julie tran gets into her car, and shuts the door it's a perfect place to think. >> i write in this journal. >> she's a writer yoga teacher and uber driver. >> there is time when picking up a passenger an idea comes up. so i feel that if i were sitting in a cubicle i won't be able to get that done. >> she says it gives her freedom to pursue her goals. >> to turn app on when i want, off, when i want. >> uber thinks that is a great way to get ahead. >> today is the 20th anniversary of this wonderful effort. >> on the day of the un women event, >> uber announced it's

now to the lead, uber buying amassing -- mapping search started. per perhaps signaling an arms race. a lot of this is based on mapping technology. with the acquisition of decar we will continue to fine-tune products and those that rely on map. the managing director of right now. mark and my being ridiculous thing there is a mapping war going on? a lot of the companies one custom technologies around the map you go quite i think it is maybe a little early to be a war but opening skirmishes. i think what has really happened is google maps are 10 years old. they really developed a great property. everybody went to them as default. as a business means, especially places like over what they are finding is they are relying on google maps interface and property, essentially designed as a consumer interface that does not meet the enterprises. i think it is the start of a trend you will see. quite regarding those trends -- >> regarding the trends, the dominant forces were companies like garmin. interesting developments were happening what was away from the c

i took uber a lot. but obviously, with the prices that are, you know always surging it became quite an expensive habit. >> a ride costs $5 to $6 depending on how many tickets you buy. about double muni fares. leap's vehicles are refurbished buses. there's wi-fi and even a mini bar selling gourmet coffees, juices, and snacks. leap's co-founder and ceo kyle kirkhoff rode with me on the company's only line, the lombard route, which snakes its way from san francisco's marina neighborhood to downtown. kirkhoff says he tried to completely rethink the commute experience. >> do you see muni as your competition? >> we really love muni and we really like mass transit and we think that's an important part of making a city work well, and we really view ourselves as kind of a complementary service to you know help with some of the overflow because you know right now commuters only have two major options to get to work. >> but there's also this kind of tension in the city, you know, with the google buses, the yahoo!

according to uber the woman was picked up and dropped off at a police station. she said the assault happened during that right. the accusation is causing some uber customers to think twice. >> it making me think twice about being a passenger in a uber car or taxi. >>> tonight nbc 10 is piecing together the time line of a murder mystery in philadelphia's frank further section we first brought you the story after investigators discovered a woman's body. george spencer has been working the story all evening. george tonight you have new witness video of the suspect being taken down. >> we do and we're also learning that that victim may have been dead since this past weekend. she and a boyfriend, known by neighbors for their loud fighting that went quiet. they're showing a man on the ground moments after witnesses say he was struck by a taser as he allegedly ran from the shallow grave crime. >> he fell to the ground. >> everybody was running to the front. the guy was laying on the ground. his face covered in blood. >> tonight is we learned the victim was likely kille

check this out, sent out an e-mail blast to uber customers, sent to a colleague at cnbc who is an uberown to state capitol and support uber in rallying against this bill. down the street the new jersey taxi establishment has their own protest and rally going on as well. we'll bring you much more during "squawk alley" next hour. >> the latest on a string of legal challenges for uber. kate rogers in new jersey. >>> when we come back, concerns among big business regarding the strong dollar are rising. many companies are urging washington to intervene against currency manipulation. senator chuck grassley with his take on that. what should washington's role be in currencies? "squawk on the street" will be right back. its effects on society really came about because, not because i was selfish and wanted one for myself, which i did. its because i had, had a passion. my whole life i wanted to teach myself to build computers. i wanted to build these things for free. i just wanted to do it for the world and you know when you want something, that's what you do the best. ♪ ♪ my name is tony sartor

we did get a statement from uber about germany.ng we will not give up on the german market. uber black and taxi services remain unaffected by today's judgment. in addition we're working on an alternative ride sharing service developing specifically to fit the court's interpretation of existing regulations in germany. seems like every day it's a different country. >> on the day where we learn there's more uber rides in new york city than new york city taxi. sue herera brought us that. >> biggest clothes shop in any capital city has been its taxi firms. it's a tough job. little like airbnb not as bad. >> that's why they hired david plouffe former obama insider to deal with the regulatory issues. >> six minutes to go until we take it up with "squawk alley." jon fortt is on deck with what we can look at. hi, jon. >> how are you doing? alibaba's lockup expiration is here. stock down 20%, banks adjusting expectation for the stock, dig into why and what's going on with that. facebook, getting ready to do some payments. what does this mean

business, this is the only way we can more choice and more freedom to make a long fight with this uber or lift, they are the militia, they are not uniform, we are yuan format, so rethe very target. public like us but now it's changing, before you said you're going to spend money to promote driving in the city, but only you said, you never do you never do the buses or anything, but i see lift advertised on a muni bus, you never do anything for us, but you're going the bundle also because you have 150 million loan is the cab driver, a lot of cab driver now trying to walk away from the business now. >> thank you, thank you, mr. lee. >> mike ritter, mark gruberg, robert chasana. >> good afternoon, thank you for letting me speak citizens business owner, lifetime voter in san francisco. i'm here to ask the board to exempt motorcycles and scooters from the rpp program. i recently am in a neighborhood that area q has added the rpp which will hopefully allow for a bit more park ining our neighborhood and everything else but then was to find out that the motorcycles were charged the same $110 th

we will see the exact same thing with uber when uber goes public. >> doesn't it add to the complainthat we're in an age where by the time the company does go public the growth is gone and retail investors are left holding on to a name they want to own but not nearly as attractive as early on. >> still has a price to earnings ratio in the mid to upper 30s. it's like, you know, i mean what do they expect on this thing. advertising revenue growth slowed from 20% in the two prior quarters as well. it's a middle-age company that people are trying to pretend is a youthful company. >> meantime this hillary clinton e-mail story is getting a little more interesting. according to ap today, clinton ran her own computer system for official e-mails from her family's home in shap chappaquiddick new york. the times said she used a personal e-mail address when she was secretary of state. it's important because clinton a presumptive democratic presidential candidate would have almost complete control over archives from her time in the white house. a server protected by the secret service in upstate n

a court has banned uber. monica: the company will continue operating in germany using licensed drivers. they have been hit by court action in belgium france, the netherlands, and spain. >> it does a win for german taxi drivers, a regional court has banned their rivals, ruling the car service uber is anti-competitive. the judge sai uber breached a german law. >> it would be good if they realize consumer protection and passenger safety rules apply in germany. they should accept the court's decision. >> they connected private drivers and passengers of the of their mobile phones. the company says it is considering an appeal and will continue operating in germany using licensed drivers. uber has been hit by driving action in the netherlands and spain. brian: after years of court ruling showing massive data collection from phones is unconstitutional countries are moving closer to a controversial law for data retention. monica: proponents say it could help stop terrorist attacks. critics are promising to fight a mov