Good Tuesday Morning i am Carl Quintanilla with Morgan Brennan at post nine of the new york stock exchange. Jon fortt is in los angeles at the adobe max conference his sit down is a few moments away with Shantanu Narayen we start with uber shares down, despite the beat as losses for the quarter top a billion. Guys, good to see you. Dan, how much is this downward trajectory in price driven by model complexity relative to competitors . It is a small piece here, no doubt this is a black eye quarter for dara and uber, missing ridesharing metrics. You combine that with what theyre spending on eats, thats the one, two punch sending the stock down, could be an avalanche with lock up expiration. Do you buy the target of adjusted profitability by 2021 i do. I think it is not as much stretch as it would appear to be you look at the core ride share business, they came out with segment margins this quarter, 22 , a four percentage point improvement from a year ago. If they continue on that pace of
Although clouds will lang around along the coast. Cool in pacifica at 60. 70 in fremont. 72 san jose. Mid70s concord. Mid60s for San Francisco and oakland. Were getting first reports of a crash. It is a minor accident, a fender bender and not blocking any lanes. They pushed into the over shoulder pretty quickly. You can see the flashing lights off to the side so things should be wrapping up in a couple minutes. Things are getting busy for the trek out of the east bay into San Francisco. Taking a look at traffic and saying hello. No delays. 70miles per hour as you work past that 28680 connector so an easy ride with no delays. 35 minutes from san jose there. Westbound 580, our hot spot, 34 minutes to 680. No accidents. Were seeing brake lights westbound as you work your way there. Thanks. Going live right now to Treasure Island where they have been having power issues for almost 24 hours now. The power went out yesterday afternoon. Then the Emergency Management got generators out there.
Good afternoon. Welcome to the internet caucus. Thank you for joining us today. We are here today do discuss the European Unions right to be forgotten. I am stepping in for tim lord and today. Before we get started i would like to take time to thank the cochairs of the congressional internet caucus for hosting this briefing in conjunction with the Advisory Committee and this entire series of briefings with the Advisory Committee. Namely congressman bob goodlatte. Senator Patrick Leahy and senator john boone. The series is a great platform to debate and discuss internet policy issues. Privacy experts and regulators have been discussing the right to be forgotten for several years now. In may the European Court of justice reached a decision that many say found the right to be forgotten within the existing European Data protection directive. The bottom line is Search Engines can be asked to remove links to certain websites from their search results. We have a distinguished panel to tell us
U. S. Fighter jets launching a new round of air strikes in iraq after bombing islamic militants early this morning prompting the faa to ban u. S. Flights from iraqi airspace. Check out the markets. Not what you would have expected. Investors appear to be completely unfazed, all three major indexes in the green with the dow and the s p 500 posting largest gains since march 4th of this year. So is your portfolio out of woods . Jonas max ferris is here with important you need to know. What do you make of what you saw today in the markets, jonas . You know, it doesnt seem the conclusion would be, but at the end of the days, this kind of political stuff doesnt hurt the markets as much as financial crisis. We havent seen a financial repercussion just yet, maybe a bank in russia failing because of sanction that led them not being able to get money. Rates skyrocket in certainly countries. Youre seeing Interest Rates lower not just in america but other countries. Investors are not taking money
Women with vicious plans. This is happening in iraqs second largest city where militants have taken control of the largest dam there. Coming up at 6 00, well talk to a woman on the ground who has been helping refue gees and paints refue gees and paints a sobering picture. U. S. Planes have delivered 5300 drinking of gallon water and 8,000 prepacked meals to families fleeing the islamic groups violence. Were fall egbreaking news in the death following breaking news in the death of former press secretary james brady. Bradys death has been ruled a homicide. What this means is that the cause of death has been directly collected to when brady connected to when brady was shot in the attempted assassination of president reagan. Its not clear if the man accused of shooting brady will be facing new charges. Hinckley was found not guilty by reason of insanity and has been at st. Elizabeths hospitals since then. Breaking news from maryland where rescue crews pulled a Montgomery County campers bod