Turning a profit, and we will break it down. And fedex drops amazon. The delivery giant says it will not renew its contract as the online retailer expands its own shipping and logistics game. We talked to one of the Founding Members of fedex ground. First, uber came out with secondquarter results, investors looking for signs they will eventually become profitable. Did they succeed . I asked our guests. We see multiple ways that management can move towards profitability. We see nearterm drivers in the form of reducing driver and rider promotions and incentives. We also think they are things the Management Teams can do in terms of reducing market expenses and insurance costs to help move the company toward profitability in the near to midterm. Longerterm, we see additional upside in the move toward autonomy as being a key component in reducing costs and moving companies more toward profitability. Emily except that autonomy is just so far out. Tom, uber said the losses would decline next
And fedex drops amazon. The delivery giant says it will not renew its contract as the online retailer expands its own shipping and logistics game. We talked to one of the Founding Members of fedex ground. First, uber came out with secondquarter results, investors looking for signs they will eventually become profitable. Did they succeed . I asked our guests. We see multiple ways that management can move towards profitability. We see nearterm drivers in the form of reducing driver and rider promotions and incentives. We also think they are things the Management Teams can do in terms of reducing market expenses and insurance costs to help move the company toward profitability in the near to midterm. Longerterm, we see additional upside in the move toward autonomy as being a key component in reducing costs and moving companies more toward profitability. Emily except that autonomy is just so far out. Tom, uber said the losses would decline next year. Both have indicated the price wars woul
A big focus for both companies, turning a profit. We will break it down. And fedex drops amazon. The delivery giant says it will not renew its contract as the online retailer expands its own shipping and logistics game. We talked to one of the Founding Members of fedex ground. First, uber came out with secondquarter results, investors looking for signs the ride hailer will eventually become profitable. Did uber succeed . I asked our guests. We see multiple ways that management can move towards profitability. We see nearterm drivers in the form of reducing driver and rider promotions and incentives. We also think they are things the Management Teams can do in terms of reducing market expenses and insurance costs to help move the company toward profitability in the near to midterm. Longerterm, we see additional upside in the move toward autonomy as being a key component in reducing costs and moving companies more toward profitability. Emily except that autonomy is just so far out. Tom, u
Announce its second vision fun after its wildly popular first fun. First, our top story, uber out with secondquarter results including a 5. 2 billion loss. Level down to the lowest since may. Here to crunch the numbers and breakdown uber eats an active is Mandeep Singh payment fairly disappointing, what is your biggest take away . I think it was just a revenue miss, and part of that was related to the user subsidies in their ridesharing business, i think they have been using subsidies for a while. They have been seeing pricing pressure because uber eats is a very fragmented market. On the core ridesharing side, i think theyre doing fine. The large numbers large Growth Numbers are catching up. I should add that the adjusted loss was lower than 650 6 million versus 979 Million Dollars that analysts had estimated. Monthly users are below estimate, 99 million, the street was looking more like looking for 101 million. What do you make of that . Mandeep the fact is, uber is a global company.
Encompassing the stock markets and generally, we are seeing. 5 to the downside. Bossuropean central bank suggesting the door is open in perhaps september or thereabouts. In august, they are off on holiday. People factoring that in as but they bad enough, want something straight away and didnt get it. A raise and then settling down to be unchanged at 1. 11. Brexit, the European Commission saying they will not give Boris Johnson an olive branch and renegotiated deal. That hasnt affected things but given the makeup of his cabinet, the path ofeeling least resistance for sterling against the dollar is to the downside. Yen, stable 108. 64. U. S. Dollar index, unchanged at the moment. Lets find out what is going on. In sydney, weve got paul allen with the first word news. China is dismissing the claim that deliveries involving huawei products are simple mistakes. Chinese authorities also suspected fedex of holding up u. S. Bound deliveries involving the equipment. Last month, fedex said it ca