Bad news for boeing amid reports that the anti stall system was on that Ethiopian Airlines flight crashed. Business im john elder and in berlin thanks for joining us its the first friday hailing company to go public lift sped past its bigger rival beating it all the way to wall street high demand for the offer lifted lifts thought it raised two point three billion dollars in the i. P. O. Its market debut is expected to set the stage for our other companies preparing to get listed but some are warning of too much excitement too fast. I fridays nasdaq trading bell rang at the california headquarters of the ride sharing mix almost being seems a turning point for the socalled sharing economy founded in twenty companies now valued at more than twenty four Million Dollars in those early days we were told we were crazy to think people would ride each others personal vehicles. And now after more than one billion rides were able to look forward to a world weve long imagined design last for cars and more for people. Lift his outpaced its ride sharing rivals to become the first to list but the globally dominant is also expected to make its wall street debut soon valued is almost five times as much as left ny the company has had a smooth ride here though both have been accused of taking advantage of the gig economy to underpay drivers and have been blamed for increasing Traffic Congestion in cities lifts i. P. O. Follows last weeks denim clad day on the Trading Floor when levis listed for the second time with as many as three hundred u. S. Firms including who are thought to be preparing to go public the i. P. O. Boom is well on the way. Joining me now where the action is yens carter on wall street good to see ends so i guess weve seen a lift comes with more than a few image problems its yet to turn a profit its lower than hoover and yet the stock soared more than twenty percent in the first few minutes of trading while that hype. Well i mean those right sharing companies theyre very popular in the United States and if you look at the lift itself in the last quarter they had about one hundred million rights. To offer and that more than double the good to one or two years ago so there is certainly growth and then if you look at the younger population a lot of those dont even have a dry first license not even to speak about a car as though there is some Growth Potential but if you talk about the cost certainly i mean the Company Almost had a loss of one billion dollars in the last year or so they are far away from profitable and we really have to wait and see if its a good idea to buy shares of lift at this point now lift is also leading what many are calling a stampede of the unicorn i. P. O. There seems to be a lot of investor euphoria involved with that is over confidence going to be an issue. Well i mean we have some catch up to do partly because of the shutdown earlier this year we did not have any i. P. O. s in the past couple of months though investors are hungry for new companies and overall the market environment seems to be pretty good we just finished the First Quarter and for the s. And p. Five hundred index it was the best First Quarter since nine hundred eighty nine so the mood overall seems to be pretty good but yes if the Market Sentiment might turn then we will see if the hype has been too much we are waiting for Companies Like air b. N. B. We were. Pollen to year just to name a few and if you look at live for example a good tough a year ago the company was worth about fifteen billion dollars now they have a price tag after the i. P. O. Off about twenty five billion so has really fundamentally so much changed in six months sold to increase the market valuation by ten billion dollars sold maybe there is some over excitement on wall street right now. Optimism at the very least thank you very much as carter on wall street u. S. And chinese trade negotiators have all wrapped up talks in beijing aimed at ending their trade dispute now thats no easy task the laundry list of differences to iraq ironed out is quite long the u. S. Has accused china of unfair trade practices including cyber theft and forced technology transfers. What they discussed the night before is unknown but equity markets shot higher after negotiators exchanged smiles as they resumed talks on friday while. Working as of. Yet. Then trigger e secretary Steve Minucci unjoined chinese vice premier luke a and u. S. Trade representative robert light has a for a photo and perhaps a chance to rearrange their negotiating positions before starting the days talks the Chinese Commerce Ministry Says the two teams will spin no effort in the negotiations to end the months long trade war u. S. President donald trump said the two sides were close to a deal but officials have played down expectations of an imminent agreement u. S. Insistence on keeping the First Tranche of twenty five percent tariffs on fifty billion dollars worth of chinese imports could be a Sticking Point for a deal you is scheduled to travel to washington next week for the next round. Well way has posted record sales exceeding eight hundred billion dollars but few seem to care the chinese tech giant has been the target of a u. S. Led campaign to get weiwei tech banned in the west but while way has defended its commitment to security while dropping some choice words for the u. S. Government in the mix. While way revenues topped one hundred billion dollars and twenty eighteen positive figures were the last thing on the agenda the News Conference in beijing journalists wanted was taken washington urging allies not to use the firms networks u. S. Government doesnt trust the Chinese Government not to say that doesnt trust hallway. Just one treat out of three years of may i think the us is the most powerful country in the world the us has been the leader in many domains and the Us Government has the attitude of a loser i hope the American People the Us Government can adjust its own attitude. To rao escalation with the arrest of monkey on joe while ways c. F. O. And daughter of Group Founder enjoying fate in canada in december while ways taken legal steps filing a lawsuit against the u. S. Over a ban on Government Agencies using its products always lawyer said fears beijing my competitor to spy were baseless and on homeland or that. If we install back doors or collect intelligence on behalf of others its tantamount to committing suicide and we have no intention of committing suicide. As for the Chinese Government i believe they also hope our way continue to pay tax create employment and drive growth in the whole industry i dont think they prefer to use weiwei as a tool to attack others. While we are uninsured off the road with the usa income from its Network Business at the center of the espionage was down while we said it was a long term business and the effects will be felt in a few years time. And in the latest turn in the Ongoing Investigation into the crash of an Ethiopian Airlines flight and initial data have reportedly now shown that the anti stall system was activated shortly before the accident whether the system misfired has been a central question of the probe theres been no comment so far from the plane maker boeing its continued to insist the mac series is safe the wall street journal reports the m cas software aboard Ethiopian Airlines flight three hundred two bound for nairobi activated automatically before the plane nose dived into the ground while one hundred fifty seven people on board died. The family of one passenger from rwanda has filed a lawsuit in Chicago Federal Court alleging boeing defectively designed the automated Flight Control system the m. Cas Flight Control feature has also been implicated in a fatal crash by a lion air flight in indonesia last year many analysts suspect that in both cases the software repeatedly pushed the nose of the plane down despite the pilots attempts to correct the move. The Worlds Largest Tourism Company is under pressure following the grounding of all those boeing seven three seven x. Its after the two crashes germanys two we expect profits to fall by seventeen percent this year its expecting a lot of cancellations and warns its forecast will be even worse if the planes arent back in the air by july thats peak season play maker boeing is working on a Software Patch to eliminate the technical glitches that supposedly led to the crashes. Besides Food Shortages political and certainty and Power Outages the people of venezuela are having to deal with a currency that has become almost worthless colombian puzzles in u. S. Dollars and even euros are increasingly being used for cash transactions but one area is finding another way through the money madness this is common and today this is her purse in the venezuelan state of rico coffee is the new cash carmen is using it to buy medicine for her livestock with inflation running above two million percent a year venezuelan bolivars discuss the worth having. Twenty two year old wado and his family also live inquiry co they brew their own coffee but over in the capital caracas the cost of a cup paid for with cash increased by more than two hundred thousand percent last year. Even with a minimum wage combine anything. Also uses coffee to buy a sensuous its a system that appears to be working inquire into the beans value is relatively stable and the country has more than enough of them to things that definitely cant be set for the venezuelan ball if. Thats your Business Update thank you for watching. The percentage of americans in some point in our lives will experience hardship that. Finds whats the connection between bread biome and the European Union he knows. Correspondent alan baker can stretch this line with the inspired step by the. Shots. Being recipes for success the stretch. That made a difference. Baking bread on d. W. All we can be the generation that ends it. Malaria must go on so millions can live. Welcome to news from arts and culture and today were investigating the pop phenomenon Bailey Eilish shes bringing out how first album months after breaking the internet also coming up. One of germanys most ensuring film director has learned or best known for the oscar winning film tin drum turns eighty. With the irish border a main Sticking Point a brick sink negotiations we talked to an author of a best selling book about irish republicanism. The american singer songwriter billy eilish halles from a family of actors the musicians i was taught explains how a seventeen year old has such maturity in the music she makes with sloppy dresses sometimes to. And introspective lyrics about depression and anxiety eilish has become a pop idol for millions of teenagers who share dop sensibilities a first album has just come out. Of. This seventeen year old place to sell out concerts all over the world and is on the brink of make a stop him. But we just gave her to spain to see billy here in germany from poland just for a beating because they are so tired music is great again and see its so cute
comparemela.com © 2020. All Rights Reserved.