Low. Shake shack and tesla both getting slapped with downgrades. Star bucks raising prices but coffee addicts keep chucking. Well talk about why. First up it is the sign of a resilient u. S. Stock market. Eurozone officials are meeting today pushing for new reform proposes from the greek Prime Minister. Banks and stock markets remain closed. Pictures of people waiting outside the banks. Pensioners trying to withdraw some money. There is a sense, has tsipras built Political Capital post referendum in. I think that merkel is making a stand. Theres really good articles today about how merkel has emerged as being pretty much a dictator. And the wall street journal writing a story this morning about germanys rise in power over the last eight years. Its going to make it so it doesnt look good for tsipras. This dollar being strong earnings season starts tomorrow carl. Cut numbers, cut numbers, youre going to have to cut number for every international company. This is im very uncomfortable wit
Gamers and geeks flooding san diego. That is ahead on bloomberg west. To our lead uber ubers fight. They say drivers use it on their own terms. Thats why there is no typical driver. Thats why three people can never represent the interests of so many different drivers. A lawyer for the plaintiffs did not immediately respond on the filings, but joining us now is my cohost for today. Also ubers outside counsel from los angeles. Lay it out. What is goobers ubers position . We had drivers who filed the case. In a classaction, they have to represent everybody else, same situation have an identity of interest with the other drivers who they want to represent as named plaintiffs in the class action. The problem is that they do not resemble those other individuals. As you mentioned at the top, we submitted 400 sworn declarations from drivers across california. It is compelling. The individuals tell their own stories. One woman says she wants to be an entrepreneur mom so she can spend time with
Gamers and geeks flooding san diego. That is ahead on bloomberg west. To our lead, ubers fight. They say drivers use it on their own terms. Thats why there is no typical driver. Thats why three people can never represent the interests of so many different drivers. Quick the fight to turn drivers from contractors to employees. A Company Spokesperson tells us the reality is that drivers use uber on their own terms. Thats why theres no typical driver. The key question in the case and why three people can never represent the interests of so many different drivers. Joining us now to discuss it is david sachs, my cohost for the show and an early uber investor. Also outside counsel and a partner joining us from adelaide. Laid out, what is the uber position here . Our position here is that we have three individual drivers who filed a case and in a class action, theyre supposed to represent everybody else. They have to be similarly situated. The problem for them is they do not resemble those ot
Diego. That is ahead on bloomberg west. To our lead, ubers fight. They say drivers use it on their own terms. Thats why there is no typical driver. Thats why three people can never represent the interests of so many different drivers. A lawyer for the plaintiffs did not immediately respond on the filings, but joining us now is my cohost for today. Also, ubers outside counsel from los angeles. Lay it out. What is ubers position . We had drivers who filed the case. In a classaction, they have to represent everybody else, same situation, have an identity of interest with the other drivers who they want to represent as named plaintiffs in the class action. The problem is that they do not resemble those other individuals. As you mentioned at the top, we submitted 400 sworn declarations from drivers across california. It is compelling. The individuals tell their own stories. One woman says she wants to be an entrepreneur mom so she can spend time with her daughter and work when she wants, dr
Tries to recover from yesterday. The premarket is up. Alcoa and pepsi on the tape. They continue to lean on short siders. The tenyear is up and crude is up and oil is back. The imf trimming the global and u. S. Forecast seeing World Economic growth of 3. 3 for the year. U. S. Growth seen as 2. 5 compared to a prior 3. 1 . Not a surprise echoing what the oed and others have done. You have Christine Lagarde telling our fed, guys think twice before you raise. You is want to remember they are a tough organization. There is a lot of feeling the imf must be a bunch of softies. They are very tough. They are very concerned. Merkel is the naernperson that can shut down greece more than Christine Lagarde. It confirms what people felt was behind the two days ago rally, the fed wont be tightening. When you dont talk about them you start getting a little emboldened. Not to say you like the setup. This market is not suitable for a lot of individual investors. I do think when you criminalize short se