Japans ruling party gets set to pick a new leader. The next Prime Ministers have a tough task of leading the nation after the pandemic. Shery lets get you started with a quick check of how markets are trading. U. S. Futures up. 4 . This of course after tapping the worst week since march. We continue to see the selloff and idiosyncratic news. Softbank changing options Investment Strategy leading to selling picking up any friday session. Not to mention the tech stock reversed gains after china said it opposes a fourth sale of tiktok. We have the nasdaq composite really under pressure in the u. S. Session on friday, down. 6 . Take a look at what oil is doing because we are coming off of its back its worst back to back weeks since april. Nothing on oil prices, tomention concern about opecs production compliance. Wti at the moment at around 37 a barrel, gaining about. 5 . Lets get a quick check of our asia of how asia is setting up. Sophie we are nearing the halfway mark for september and t
Margrethe vestager tells her they will push for a global tax. Shares of alibaba the trading in hong kong, ending the first price. Day above listing our top story, uber and its uncertain future in london. The citys Transit Authority has refused to grant them a license, saying uber failed to adequately verify driver identities. Responded,ftly tweeting that the decision was quote wrong. He had said safety is the Company Priority and will appeal the ruling. Londons mayor says much more needs to be done with regards to safety. To be akeen for london hotbed of innovation but you have got to abide by the rules. What is clear is ubers policy and practices mean passenger safety is being. Being compromised. Emily i caught up with a guest, asking him if uber or the technology itself allowed drivers not to be verified. The issue here is whether drivers in london were able to get on the platform even though they were not the right driver or properly licensed. The city with the city of london says w
We will hear from her. Strong debut. Shares of alibaba the trading in hong kong, ending the first trading day above listing price. Our top story, uber and its uncertain future in london. The citys Transit Authority has refused to grant them a license, saying uber failed to adequately verify driver identities. The ceo swiftly responded, tweeting that the decision was quote wrong. He had said safety is the Company Priority and will appeal the ruling. Londons mayor says much more needs to be done with regards to safety. I am keen for london to be a hotbed of innovation but you have got to abide by the rules. What is clear is ubers policy and practices mean passenger safety is being compromised. Emily i caught up with a guest, asking him if uber or the technology itself allowed taylor i caught up with a guest, asking him if uber or the technology itself allowed drivers not to be verified. The issue here is whether drivers in london were able to get on the platform even though they were not
Will a driverless fleet give truckers more time at rest stops . First, to our top story. Start says job cuts will this week. They said cuts will improve efficiency and accountability. Bloomberg has learned that about 2000 jobs have been eliminated s global 60 of wework workforce. Ellen huet joins us with more. What do we know about these layoffs and their broader strategy of slimming down, if you will . Ellen it seems, based on this new memo that the executive chairman sent this morning, it going to start in ernest going to start in earnest in the u. S. This week. It seems like maybe this week is going to be the big time. They had originally scheduled an all hands meeting for tuesday and another part of the memo says the meeting will be moved to friday. On friday, we expect a fiveyear plan of the company. Taylor do we have any indication of what that fiveyear plan will look like . Ellen if it is anything like what is talked about in the memos, it will be similar to that path that is tr
Retail app. Is it a sign that black friday is broadening its reach. First, our top story. Ubers future in the city of london is looking bleak. They are not allowing a license, the reason im a rider safety. The mood in london is that uber will have to follow a similar procedure has a few years ago. In 2017, it was denied a license the first time and it immediately appealed. As long as an appeal is ongoing, they are allowed to continue. Wilbur said that they will appeal the wilbur said they it willsaid today appeal the uber said they will appeal the decision. As long as that appeal carries on through the courts, then it can stay on the ground. The question will be whether the company can make the changes in its software to allow tfl to feel comfortable that it is worthy and whether it is fit and proper, as they say. Uber said it has already fixed one of the main problems that tfl had with the app in the first place. But we will probably have to wait until the spring to get any answer fro