hayes gets this thing together very quickly. >> united technologies now 94, above 94. >> united technology -- in terms of the industrials, it was not doing as well as some others before this news broke. all the industrials are doing quite well. united technologies does not belong -- the current earnings basis is out, you can't justify the price. on the future earnings and what he's doing with the engine, that's why i said, you're stealing it. i don't blame you. >> you would own utx regardless? >> i like the new -- i like what hayes is doing. i spent a lot of time with the company. i think that he has got so many things now that are about to -- it was not easy to do. and it would be incredible. just when he finishes. not unlike the great american jeff bukus, this is like that. this is like that. he is about to have his earnings break out. >> it is not every day where we get to come on and talk about a possible deal where a dow component gets bought. the dow sxoents are usualcompon the ones doing the buying. david faber, breaking news, united technologies and honey well have held potential t

honeywell is in green and united technology is an white. on monday there was a report by cnbc the two companies were in talks. they could not get anything done because there were concerns about regulatory hurdles, antitrust approval for the deal. than this morning we had a deal being made public from these two companies. the offer made public from honeywell for united technology for $108 per share. now united technologies says there are regulatory hurdles that are significant. there are antitrust hurdles that are significant. and the offer grossly undervalues the company. that is the latest. we will keep you posted on if we now get another tally from honeywell and a higher offer. the fact we are not seeing a higher price from united technology implies investors don't necessarily think it will be a higher bid. we take a look at the major averages. they have been bouncing around all day. looks like it will be the tightest range this year for the major averages. we have had a late session breakout. that has not yet materialized today. for the

but that's where the focus is. >> there's one line in the statement from united technology honeywell'sroposal grossly undervalues technology, that stands out in bold as give us more money and maybe we'll talk some more. am i wrong? >> i don't know that you're wrong and i do know from following as long as i have, the playbook honeywell is following here, in my mind would likely mean to some extent they can warm up the share base of united technologies and get people talking, they'll come back with a higher offer than the 108 you're looking at right there, with something that's 10%, 12% higher and offers some sort of protections on antitrust, perhaps a guarantee to die vest certain things or hell or high water too go to any end they need to and take on the risk themselves. that's where it feels this is going towards, it doesn't mean they are going to succeed. language like that, we'll see. we'll see. it's very hard to imagine they are actually going to succeed but they are giving it a shot since the bid was made public. >> because you're wearing a half zip and no tie, i'll ask you to spe

greg hays is the ceo of united technologies. thanks for making the trip down. >> thanks for having me. >> the honeywell side, the people i've spoken to recently took some exception to the language in your press release late yesterday in which you describe previous talks as preliminary, exploratory and a range of collaborative operations. they say you had formal conversations last april and may about a merger of equals that included board competition, structure, free modifications of that structure and 16 engagements for three months. that sounds a lot more serious. >> well, first of all, david, let me set the record straight. we started these discussions back in april. i met with david, we met again in may and july. what became apparent, while no one would argue the merits of putting these great businesses together what became apparent to us is that it just can't happen, can't happen from a regulatory standpoint from a customer standpoint. there's no path forward that we could see. this is last july. after that, mr. cody came ba

i mean, they tried first with utx, then the ge deal and triped again now with united technologies and still no major deal for honeywell. what's going on here? >> they've operated the business well though. i think david cody, the ceo gets fairly high marks for doing so. >> what's missing here then? >> i think they see the opportunity to create a great deal of value if they were allowed to do a deal with utx, you're talking about fairly significant synergies given how many areas they operate in similarly and cost saving thats would be quite large. and that always adds impetus to this potential deal talk and the reason why both sides have considered it and entered into various discussions along the way through the course of the year, most recently within the past two weeks about the potential deal. >> all right, we'll see what happens. good job, again, david, thanks. >> thanks, david. >> by the way, united technology ceo gregory hayes will be on squawk box on wednesday, that's an eternity -- a lot can happen in the meantime. we'll see what he has to say about all of this coming up on "sq

we are watching honeywell and united technologies.e held talks in the last two weeks. honeywell offered a premium for honeywell, largely in stocks with some cash. we have not confirmed the story and we do not know what the status of these talks would be, but we see united technologies gain more since it would be the suppose it target. both of these companies have a market cap of about $80 billion, so we are talking about a large deal here. -- btx outbid for honeywell but that did not go through. a brazilian investment bank that got rescue financing, talking about potentially going private and shares in brazil are up 6%. alix: barney's new york marks a manhattan homecoming. a return to the block in which the luxury retailer was founded in 1923. >> barney has new flagship store in downtown new york, 58,000 square feet, just open. barney's was founded on this block back in 1923. >> it was much made about the nostalgia, but for us, it is an opportunity to engage with a modern downtown manhattan customer we believe is underserved. ramy: bu

, despite united technologies says no way no how.er the weekend i tweeted the fact that united technologies added goldman sachs as one of its advisers in defense against honeywe honeywell. this morning ubs simply says we believe the antitrust defense will make it extremely difficult for honeywell to navigate the antitrust review process. in the past companies have used antitrust to slow down or get a better deal or price. but we believe this ubs version is meant to stop the honeywell takeover attempt. they have been nothing but scorched earth. >> the fact that dave cote sold half his stock position of interest to you. >> $36 million worth. i don't believe it was half, but done on the 16th, three days prior to his proposal and meeting. it was a little curious. i got some explanations. >> i don't think it's that relevant. i know there is an undercurrent among many executives that i speak to saying why did cote have go against this united technologies guy? i'd like to depersonalize it to say that i think united technologies was on the v

united technologies confirms it's held talks with honeywell. in a statement after the close yesterday, utx says it did not explore options further due to, quote, significant regulatory obstacles, customer concerns, and valuation issues. david faber first reported details on talks yesterday. "the wall street journal" says the bid was worth $108 per utx share with $42 of the offer in cash. utx shareholders would have earned 40% of the combined company. >>> bill gates is breaking ranks with silicon valley in the fight between apple and the fbi over encryption. the microsoft cofounder telling "the financial times," tech companies should be forced to cooperate with authorities in terrorism cases. gates taking issue with tim cook's characterization of the government's order that apple help open the san bernardino shooter's iphone as a demand for a, quote, back door. gates says, quote, this is a specific case where the government is asking for access to information. he says, quote, they're not asking for some general thing, they are asking for a parti

ceo putting the kibosh on a merger between honeywell and united technologies. we'll play the technology dating game. let's meet bachelor number one, call him an options monster and he's known to get down and dirty with the derivatives. pete najarian. >> wow. >> mel, i'm going to go with pent air and the reason i'm going there i think this is an area they would like to expollute, honeywell, and the reason i say that is i look at everything that they want to do and i think this is an area that they could do very well and only an $8 billion company. energy exposure pushed this down. at a discount. time to buy it. >> i was going to do all of that. have you not seen "the dating game?" >> who hosts "the dating game." >> not chuck woolery. >> not chuck woolery. >> all right. >> when was the last time they were on. >> derailed already. bachelor number two, ladies call him the floor general because he knows how to place -- >> i want to date myself. >> welcome, steve grasso, bachelor number three, simply known as the italian stallion, he's been known to negotiate his way

responding to our story from yesterday and the interview that greg hayes, united technology's ceo didn "squawk on the street." honeywell says it has engaged in discussions with united technologies regarding a possible business combination. they say the value from such a combination would be significant saying they could see as much as $3.5 billion in annual riselized cost synergies. that is something we reported this morning as something they indicated in their conversations with united technology. perhaps even more importantly in rebutting what has been the main defense of united technologies and certainly was the central part of our conversation with mr. hayes this morning, honeywell said we do not see the regulatory process as a material obstacle to a transaction. in facts, they believe a combination would benefit their customers and they say enhance their ability to offer more comprehensive and compelling suite of technologies to serve their needs. that is a key point of contention between the two companies. there does not appear to be any possibility at this point that they're go

united technologies confirms it held talks with honeywell. but utx said it didn't explore options further due to what would still be significant regulatory obstacles, customer concerns, and valuation issues. david faber first reported details on the talks 16 years ago. but also yesterday was very weird. wasn't it? what were you doing? do you remember? you weren't in the business. >> i was in the womb. i was at my bar mitzvah party. >> you weren't in the womb. >> no, i wasn't. >> the wall street journal says the bid was worth $108 per utx share. 42 would be in cash. utx shareholders would have owned 40% of the combined companies, according to that report. who was going to be the ceo if it had happened? did they make it that clear? >> oh, in this instance, i think part of the issue, beyond the regulatory issues, was i don't think that part was clear. it sounded like cody had approached once. they had approached. this had happened over the past year two or three times now. >> greg, what's his last name? >> the real question, does it suggest eith

last year united technologies approached honeywell about a merger of equals. didn't happen because of concerns of social issues and because utx stock price fell dramatically over the summer. fast forward, honeywell made an offer to acquire utx in a letter. utx said no. that was october and the now the latest discussion. a big question mark hanging over this transaction. the two companies provide a lot of what goes into an airplane. the question is whether regulators in the u.s. and europe would oppose a potential deal. that may be the position utx takes if it decides it no longer wants to continue those discussions. "nightly business report," i'm david favor. >> reports of that merger, potential merger help stocks exand the their gains kicking off the week in rally mold. investors cheering a rise in oil prices. all was said and done the dow climbed 228 points to close at 16,620. the nasdaq rose by 66 and the s&p 500 gained 27. the price of domestic crude oil rose sharply up 6% in part on speculation that shale out put would decline and late today opec secretar

it says it will offer $108 a share for united technologies.l, which would be the largest deal we have seen so far this year. that maybe the largest deal we have seen since 2014 as well. united technologies profits, not , and the analyst estimates are not for growth going forward. that may be one reason they want to get involved. if you look at united technologies over the last year, you can see that we are still down considerably. they had only risen about 12% since reports surfaced about this merger on friday last week. it could be a very big deal. jumpis why i wanted to in there and pay attention to it. let's take a look at jcpenney, a big deal as far as earnings and staying store sales are concerned. have lighted up 15% in the market. run for room to jcpenney. it has been an incredible turnaround story. it for a long time. -- we have been talking about it for a long time. more than just bill ackman being invested, he specifically put ron johnson in that job. it is one of the criticisms of mr. ackman. when he gets involved in a company, he b

that's what's going on with the united technologies and honeywell tie-up. all the induris too cheap. >>> i like to say ere is ways a bulrketewhere. promise to find it for you on "mad money." i will see you tomorrow. >>> it's tuesday, fruy 23rd, coming up on "early today. 's las vegasor donald p as he tried t pat his lead over sniping marcoubio and ted cruz. >>> the kamoo kilr faces a dge ashey pie togethe a shti sprhat left six >>> the wife of bill cosby testifies for hours in a sexual assault se broht against her husbd. >>> plus sports caster aaron $75li trial set to n. a whosearing ste. >>d inedible imes o divers swimming with the mu au. "early today" starts rightno >>> i'm dara brown. nevada voter 30 bl lete gae racas become athreway race. race. dz came uerir after garco rubio dismissing the bible aruz staffer was reading. i wos, it's flatut in >> and rick snir said the video wasinaccura. uzddressed the situation monday afternoon >> i'v spend ts mni investating what ppened. and thisng i askedor rick tyler ck tyler signatio eporr: ping tyler a goodspokes

i can get behind united technology and i want you to own honeywell. doug in north carolina, doug. >> caller: boo-yah. hey, cramer. where are we with cmg? >> it went down to the low 400s and we said it's done. we think people won't be thinking about e. coli six months from now. you have to know stocks anticipate declines and they end. buy chipotle even up here. i'd love them to come on the show. dennis in indiana. dennis. >> caller: hey, jim. i was curious about pot. >> stay curious and stay away. we don't like the farmers income balance statements and they are coming down. advantage of the strength and sell. one more. pete in arizona. pete. >> caller: hello, boo-yah. >> boo-yah. >> caller: long time listener. my stock is taser. >> it's too cheap. time to buy the stock here. it's a good one. that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade.ently. only flonase is approved to relieve both itchy, watery eyes and congestion. no other nasal allergy spray can say that. when

united technologies was up big. when faber broke the story it i have no idea if the deal could be consummated because of anti-trust concerns but this is one of my worries about 2016, the lack of merger activity being assuaged before our eyes. the ceo of honeywell trying to get it before earnings turn around. we wait for the other shoe to drop in china. it hasn't. highly visible chinese plays. it's remarkable how positive the moves are. china has been off the radar so the shorts can't press bets and many big companies, the stocks just got too cheap. they are rallying back to reasonable levels aided by honeywell. in one of the most bizarre twists yet just last week stocks roared higher today. you should go listen to the call. down beat about the farmers and prospects of 2016. so what? more on that later. the stock is running. trading in a negative way. last friday, now they are winners. that's fast. not like anything happening. nordstrom up 4.47%. no news. they had a negative quarter. oil going higher. two pro busines

united technologies and honeywell tie-up. all the industrials too cheap. >>> i like to say there is always a bull market somewhere. i promise to find it for you on "mad money." i'm jim cramer. i will see you tomorrow. >>> it's tuesday, february 23rd, coming up on "early today." it's vivau las vegas for donald trump as he tried to pat his lead over sniping marco rubio and ted cruz. >>> the kalamazoo killer faces a judge as they piece together a shooting spree that left six dead and two injured. >>> the wife of bill cosby testifies for hours in a sexual assault case brought against her husband. >>> plus sports caster aaron andrews $75 million trial set to begin. >>> and who is wearing this >>> and incredible images of divers swimming with the moleau moleau. "early today" starts right now. >>> i'm dara brown. nevada voters 30 republican delegate delegates. the race has become a three-way race. and cruz came under fire after showing marco rubio dismissing the bible a cruz staffer was reading. >> for them to transscribe words, it'

the united technology is about the prospects for the merger of the two. >> target and lowe's. both retailers are in the red before the bell. stocks falling all around the globe. the saudis ruling out this production cut and then data from the api showing a bigger than expected build in u.s. crude. of course, we'll get eia cue out with its own inventories in about 90 minutes. it's been a rough couple of days. both the chatter and that, jim. >> it's a hoax, the deal. what they basically said is we're going to produce a lot more if iran and iraq produce a lot more. they're good for about 3.25, 3.5 a day. not only was there never any deal but they went up to 11. they're doing 10 .5. all these people who came on and said they don't care, are they out of their minds? >> what's it been? a year and a half? let's go over the numbers. >> u.s. crude slips to hit only 8$8.7 million in 2016. that needs what the saudis drop. they want to see a 50% drop because they're seeing a 50% capex like chesapeake. we're going nowhere fast. short covering. we go back to 2016, which, by the way s a cruc

a lot of the gains have to do with united technology. we saw surges, on news that discussion toin buy. that is not yet confirmed. that stock is holding onto a gain of 6%. other big gains, a pretty diverse group -- boeing, chevron, united health gaining with the new medicare advantage rates on friday. also want to look at the best .ut performers on the year verizon gaining on the year, walmart, kind of surprising on this list. it had been gaining on his perception as a more defensive stock. oil is down for the year to date. it has that big rebound, vonnie. much,: thank you so julie. we will check in with you before the close. mark crumpton is manning the news desk. mark? mark: thanks so much. 45-year-old jason dalton has been arraigned on charges in connection with the shooting kalamazoo, michigan. he invoked his right to remain silent and ask to be represented by a court-appointed attorney. saturday's shootings took place while dalton was on his shift as a driver for uber. british prime minister david cameron warns there will not be a sec

we do have some breaking news for you on united technologies.our markets desk. julie: this morning united technologies received a offer from honeywell for $108 a share. the two had been in talks, and now united technologies is rejecting that offer from honeywell, saying it is woefully undervalued. but technology shares are halted at this time, before they were up about one third of 1%. we are not seeing much reaction going into this headline. we will get updates to you as they come in. alix: thank you. much more coming up. we will be right back. ♪ alix: it is 2:00 in new york. tracy: welcome to bloomberg markets. ♪ >> good afternoon everybody. tracy: here is what we are watching this hour. >> we start with the u.s. economy expanding in the fourth quarter war than previously thought. did a grow in the wrong places? there are still plenty of tools for china to stimulate growth. is evaluating the yuan one of them? >> chris christie coming out in support of donald trump. it raised how much of a boost before the candidates are ready for super tuesday

honeywell approached united technologies about a possible merger.eld talks within the past two weeks about a possible deal. about-face from federal health regulators on number liquidators. the cdc says the formaldehyde is three times more likely to cause cancer than previously estimated. and that is our bloomberg business. reporting earnings tomorrow at 5:00 a.m. and the company's ceo on at 4:00 p.m. tomorrow. pay attention to luxury homes, what is going on in the city. financialhow is our volatility done? talk about how the home building segment is a potential tell when for the economy. we have seen him on her sentiments stabilize but not improve. it will be fascinating to look at those earnings and get some perspective. be a very interesting earnings report in the conversation. earnings from macy's tomorrow at 8:00 a.m.. investors are unlikely to get news. joe: tomorrow, looking at s&p home price data. you will get the volume data from polo brothers and price data. alix: thank you for watching. ♪ mark: with all due respect, there's a chance that t

united technologies had to do with faith and their multiple regulatory obstacles.es each worth more than $70 billion of overlaps and this is especially in the aerospace sector. deal with drug possession from other companies in the sector including outweighed. lauren: questions over accounting practices both for sven to restate results according to "the wall street journal." the drugmaker with an internal review of the dead $9 in revenue should've been up for 2015 and 52014. the restatements around the business with medication distributor so adored. while the overall and pact will reportedly have minimum impact on earnings, shares are down almost 1% of premarket trading. nicole: we are watching shares of fit bit this morning. 18% of premarket trading after the company issued a weak outlook for the current quarter after the bell. fit bit warning that global launch of new products including the smart watch will read the results. the products account for the company's sales are the downbeat guidance overshadowed earnings for the fourth quarter. lauren: the attack shutt

antitrust none other than the reports that the combination was initially being explored by united technologies. not honeywell. why close it down, which is kind of what happens. one honeywelcomes back with what seems like a tidy sum. i don't know if they will. that was like get out of my face. now, we don't really know what happened and honeywell did come out saying the regulatory process wouldn't be an on sta to its purchase of united tech. this bifurcated market when kimberly clark traded in the price. many industrials wallowed under because of fears over china. for example, no, i'm not a fan of caterpillar, but wait a second, if some company were big enough. it sells at almost half that long ago. some of the long view. i can see how it might make sense. people figured out it could be acquired. plus, yields 4%. short comments is up. $17 billion valuation, but it's still has a 4% yield. i think after this, it isn't going back to 79. story makes me want to go pick up a book. not that long ago. someone take a long-term per specktive and get this. run a deer down 21 bucks from its high. $25 billi

i'm under the impression that united technologies shares my assessment.s vitally important to boeing and our commercial and military customers and they say we would anticipate taking a very close look at the potential impact of a potential deal. it doesn't sound like the customers are in your corner. >> well, i think once we get started in talking through what the issues are and how easily they're resolved, everybody, including united technologies will see this is a very pro-competitive deal. you have to remember, honeywell is an $80 billion company with a wide portfolio. utc, great company. smaller, also wide portfolio. the overlaps we're talking about are so small and narrow in aerospace, there's no more than $5 billion of overlap which is easily dealt with through deves ves turs. >> a lot of people come back and say we don't see that at all. they say there's no way the likely divestitures like that at all. he thinks the divestitures would be far, far higher. how do you get to your number? ram, air turbines, wheel sensors, biz jet helo engines, fuel pum

united technologies which owns carriers deciding to move the factory to monterey mexico to save money. the manager telling workers they must continue to make quality products as the company works to shut them down. >>> we must remain committed to manufacturing the same high quality products. >>> tonight some heating and air-conditioning company are boycotting carrier and the executives that made the decision saying they understand what it is like struggling to feed a family. >>> spring brings the busiest car buying season but would you jackie calloway tells us about the top three signs. >> reporter: our challengers found it difficult to choose. >> i can't tell any difference. >> we spent a recent afternoon to take the challenge. >> there is an orange peel here on this door. >> reporter: the test was tricky even for an expert like veteran car dealer nick stampos. car fax brought in three nissan altimas and we asked people to choose the car repaired after a serious front end collision. >> don't judge a book by its cover. >> reporter: a mistake made by our participants. >> you would thin

honeywell says it doesn't see regulatory hurdles for a deal with united technologies.er would, in its words, maintain a strong investment grade rating and have higher free cash flow. utx first disclosed the merger merger talks late monday after david faber first reported that. and the company said a deal would face insurmountable regulatory obstacles. but that is something that the ceo gregory hayes reiterated on "squawk on the street" yesterday. lo lowe's reporting strong quarterly results. actually, it's down about 2% despite being un2% when those numbers first came out. those numbers on an adjusted basis, 59 cents a share from the bottom line. same store sales for the fourth quarter rose 5.5%. we'll have more on the numbers and the strength in the housing market in just a bit. >>> and more on the battle between apple and the u.s. government. the justice department is demanding the tech giant help unlock at least nine other iphones in addition to the phone used by one of the san bernardino shooters. apple's lawyer says the company is fighting the government's demands

david faber has the full story. >> honeywell and united technologies have held discussions about a deal for cash and largely stock at a premium that couldn't be determined. the two sides have held talks before. early in 2015 utx initiated talks. their stock price was hit when earnings expectations were missed. and also because the two companies could not agree on who would run the combination. after that and with a change in the respective market caps so that honeywell became more valuable, they approached about a potential deal. they would offer a small premium for a merger of equals deal. once again, they've entered into discussio discussions. it's unclear where those discussions will go at this point. utx stock was up, honeywell was down on our report. back to you. >> well, it's interesting to see. some of these bigger deals, they're taking a longer time to come together, right. i know we've got a couple guests coming up. we can talk more in detail about this. but at what point after it's taken a year to try to get a deal to come together, do you say it's not worth it any longer. do

that's what's going on with the united technologies and honeywell tie-up. all the industrials too cheap. >>> i like to say there is always a bull market somewhere. i promise to find it for you on "mad money." i'm jim cramer. i will see you tomorrow. >>> it's tuesday, february 23rd, coming up on "early today." it's vivau las vegas for donald trump as he tried to pat his lead over sniping marco rubio and ted cruz. >>> the kalamazoo killer faces a judge as they piece together a shooting spree that left six dead and two injured. >>> the wife of bill cosby assault case brought against her husband. >>> plus sports caster aaron andrews $75 million trial set to begin. >>> and who is wearing this costume. >>> and incredible images of divers swimming with the moleau moleau. "early today" starts right now. >>> i'm dara brown. nevada voters 30 republican delegate delegates. the race has become a three-way race. and cruz came under fire after showing marco rubio dismissing the bible a cruz staffer was reading. >> for them to transscribe words, it's flat out lying. video

, first in a friendly way after united technologies ceo greg hayes suggested they talk and then in a hostile way after hayes had second thoughts on the combination. i personally think that as brilliant as the combination might be it likely won't pass muster with all the big especially the european union, which are l. do anything to protect one of its own. airbus, which is obviously a customer of these two companies if they merge. as long as cuddy keeps trying to do this deal i think honeywell's stock will stay under pressure. that's where the opportunity comes in. if it weren't for this prospective deal blasted again this afternoon by hayes, i bet honeywell's stock would be up. perhaps up considerably now that the cyclical stocks are back in favor. here's another oil-related play that intrigues me. kroger. in other words, if oil goes down, this stock's going to go down because it takes the whole market with it. now, i would buy some kroger before it reports because i think the stock's done resting. it's kind of just trading sideways for a while, and i think it's about to take off. kr

united technology says a merger with honeywell is not going to happen. david favor said they held company talks. today favor spoke to the ceo. he confirmed an offer was made by honeywell but also explained why a deal won't get done. >> the bottom line said it will be irresponsible for us to pursue the merger because of the potential destruction in value, the distraction from what we're trying to do. we're in the process of invigorating utc. we have 7,000 orders. we're in the middle of a big rampb up in production. we'll be building a thousands of these engines in a couple of years. the thought of trying to distract everyone with a merger just doesn't make sense. especially a merger that's unlikely to occur. >> he said it's unlikely to occur because of antitrust scrutiny. honeywell says we don't see it as a material obstacle to the transaction. >>> the two cars that are way ahead of the competition, coming up. >>> demonstrations in support of apple in its battle with the fbi are scheduled to take place across the country. earlier today one of the most n i

the united states is very good at media. very good at technology. but for some reason isis has been better at social media than the united states in terms of its recruiting and getting its message out. this is an effort to try to turn those tables. >> all right, eamon, thank you very much. eamon javers in washington. >>> coming up, as the ranks of the gig economy grow, there's one benefits company that many are turning to. >>> more people are entering the so-called gig economy. recent study by the jpmorgan chase institute estimates more than 10 million americans earned income through web-based companies like uber and air b&b. as part of the economy grows so does the need for access to benefits. as kate rogers reports, there's one company many are turning to when it comes to health care coverage. >> reporter: the battle over better working protections in the sharing economy space is as hot as ever. uber is facing a class-action lawsuit over the employment status of its drivers which are currently listed as independent contractors. rival startup lyft r