800743cnbc or jimcramer i love billy paul, but only the strong survive is the wrong anthem for age of covid19, but i do think thats where were headed and even after a good day like this one, and the s p climbed 1. 91 s and thing is the average is dominated by the fittest stocks and the ones with the strongest Balance Sheets and they will do so where most commerce when most commerce is on hiatus, and theyll still be there, but other companies lesser known, but still in the s p 500 need credit to make it through, not because theyre reckless and poorly managed, but because its impossible to plan for this economic catastrophe and including, of course, all of the small and midsized businesses that are not even public im worried that theyre doomed. Doomed ive said endlessly that we dont trade in nail salons and gyms although we do have Planet Fitness on the show later tent, and there are plenty companies that i supply midsized businesses and more important if we keep seeing jobless numbers a
Offers not just rides, but health care, payments, hotel booking, plane tickets and more. We met up with anthony tan in seattle, washington where they set up a new office to grab some of americas top tech talents. Joining me today on studio 1. 0, anthony tan and hoo ling tan, cofounders of grab. Lets start at the beginning. You met at Harvard Business school. How did you two find each other . The first year we were in Business School we were in different classes. The only times we met was when we were looking for asian food. It was only the second year we got to know each other because we both serendipitously took the same course called business at the base of the pyramid. Over that semester i discovered , this is the hardest working guy very and i was so glad he sat next to me because i was constantly looking at his notes. She did not do homework. She copied my homework. Emily are you ok with him saying that . It is the truth. Everyone knows that. [laughter] emily you came from a big a
Not only suggesting another election date. The stoxx 600 down just over. 10 lets dive into some of these sectors as it plays out on the boards technology right at the bottom apple comes out today. We saw some caution on wall street and the sector. Some of those big supplier stocks caution on trade investors are waiting on details. Industrials towards the bottom of the boards. The light ups of some of those big names. Retail stocks trade lower. Household goods, media and Construction Chemicals are in the mix too banks, very important basket today. Going through the numbers of that Deutsche Bank at the bottom. Mixed reaction to those numbers. Utilities. Telco trading higher auto is significant basket today too with the likes of volkswagen that stock surging 7 lets go to the volkswagen news. It has cut its numbers despite reporting 11. 2 rise thanks to Strong Demand for porsche. Adding to gains. 6 higher for stock now. The group needed to be efficient amid weaker global auto demand you ne
Investigations for deceiving authorities, twice violations, bribery sexual harassment. Investors pushed out kalanick and Dara Khosrowshahi was brought in to fix it. Hes brought in new management, anded to rebuild trust reputation. It hasnt been an entirely smooth ride. Flashy i. P. O. Sparked excitement but ultimately impressed. Ere not the job is to prove them wrong. Joining me on bloomberg studio 1. 0 at uber headquarters in downtown san francisco, uber c. E. O. , Dara Khosrowshahi. Been a long two years. Two years ago it was announced that you would be replacing c. E. O. , travis kalanick. And even youve admitted you horse,e unlikely dark even accidental choice. Makeears later, did they the right choice and did you make the right choice . I made the right choice and i hope they made the right choice. Im confident that they did. You can never prepare yourself for a job like this and uber is onceinageneration company. But its been a great two years for us. Have resolved all of the gov
Investigations for deceiving authorities, Price Transparency violations, bribery, and sexual harassment. Investors pushed out kalanick , the once untouchable ceo and founder, and a 2017, former expedia ceo it. Expedia Ceo Dara Khosrowshahi was brought in to fix it. Hes brought in new management, worked to rebuild trust and reputation. Still, it hasnt been an entirely smooth ride. A big flashy i. P. O. Sparked excitement, but ultimately, investors were not impressed. Now the job is to prove them wrong. Joining me on bloomberg studio 1. 0 at uber headquarters in downtown san francisco, uber c. E. O. , dara khosrowshahi. Its been a long two years. Two years ago, it was announced that you would be replacing former c. E. O. Travis kalanick. And even youve admitted you were the unlikely dark horse, even accidental choice. So two years later, did they make the right choice, and did you make the right choice . Dara i know i made the right choice and i hope they made the right choice. Im confid