it is a milestone. you are seeing a company move from the start up phase two beyond the cash burning and into a more profitable future and let me quickly what the ceo said, he said most of our history profitable was not the first thing when you asked someone about uber, but we knew they were wrong, he said. this is the justification for him and he has been taking a bit of a victory lap today. been taking a bit of a victory lap toda . , ., , ., , today. investors have been patient. $31.5 today. investors have been patient. 531-5 billion today. investors have been patient. $31.5 billion of today. investors have been patient. $31.5 billion of losses today. investors have been patient. $31.5 billion of losses since - today. investors have been patient. $31.5 billion of losses since they - $31.5 billion of losses since they started reporting and it takes a steady nerve to stick with a firm through that kind of loss. if steady nerve to stick with a firm through that kind of loss.- thro
but i suppose house prices matter most when you are trying to change your position. for the vast majority it is a number that changes without us actually trying to change our housing position but i think the people trying to get on the housing ladder to make the first step are really feeling the squeeze right now. ride hailing app uber has reached an important milestone today, posting its first ever profit. the company had racked up an impressive $31.5 billion worth of operating losses since it first started reporting its financialfigures nine years ago. but after years of heavy spending, it seems uber now has a handle on its costs. 0ur north america business correspondent michelle fleury is in new york. it is even first time it is a really important point, the first point it has tipped into profit. yes, after 14 years since it was first founded and it marks a change
done for descendants of slaves. reporter: after two years of deliberations, california reparations task force sent to final report to the state capitol for the state legislature and governor to decide how the state should handle reparations. many expected it to call for a concrete dollar amount, the task force is leaving that challenge to the legislature and it provides over 115 recommendations spanning from cash payments to policy reforms to a formal apology to eligible residents designated as descendants of slaves. critics call this effort fiscally irresponsible noting how california is facing a $31.5 billion deficit. reparations is the extraction of money from people who were never slave owners to be given
reparations is more than just about money. that implies a deeper rationalization of what is achievable, what s reasonable and what is right. while the task force will submit nonmonetary recommendations as well, not everyone agrees with the governor s noncommittal response. reparation supporters have been extremely vocal saying financial compensation is necessary. the governor is failing us. the governor appointed this panel and this panel is failing us. i just want my money for my family. this is still going on. we are still are feeling the effects of slavery. please, be creative for us. move for us in this effort. now the proposal doesn t share a total expected cost but the task force previously indicated reparations could run $800 billion for context that s nearly triple 300 billion. the state faces $31.5 billion deficit. up 10 billion from earlier this year. while reparations would add
9.3, what does that add up to? 31.5 billion, 31.5 billion challenge. ashley: mike diaz, california resident that came to the u.s. legally. mike, thank you for getting up with us early. you came to america easily, did you get a check when you got here to help you get by? no, i wish i would have, maybe i m 60 years too late. ashley: how does that make you feel? you saw this proposal that these people who did the wrong thing to get into the country, came here illegally and now get up to $300 a week, i believe for 20 weeks. you know what, you think after covid, we paid people not to work and that is what they did, not work. what did we think was going to happen with giving this money to