Facebook takes action but does the network go far enough . Elon musk cuts a rug as the Company Delivers its first cars from the shanghai factory. Cestart, the annual conference is currently underway in las vegas. Ces is gathering the biggest names in the business of consumer technologies and served as the proving ground for Innovative Technologies for 50 years. A flying carng on with hyundai, working on air taxis to take the concept of ridesharing to a higher level. That this is say closer than you think. At uber, we have been working on elevate for about three years, developing a network and ecosystem of people aligned with our vision of bringing ridesharing from the ground into the sky. We are looking to launch our network in 2023. We have a network of now eight partners, hyundai is our eighth partner. We are excited about being able to do it. What regulatory hurdles do you expect to meet . We have to look at regulatory considerations at the local and national level. We have teams wo
A couple of big stories this morning. Peloton pricing the ipo. Price tag at 29 a share raising about 1. 6 billion now valued at roughly 8. 1 billion makes about a billion in revenue but loses 245 million annually. Now under the ticker pton. The peloton ceo will join us live this morning. If you have questions sen them in peloton. 245 million in losses well talk about the math of that and where they see profits and what it all means. Does anyone know about the treadmill . I do. It is expensive. It is about 4,000 the bike is about 2,000 plus. I have one. The bike is quite a piece of equipment. It is heavy. It is really well made i just got one two weeks ago. You can have someone screaming at you you can go outside. It is there, all free. Eamon javers is with us the hardware is a highmargin product. Higher now than an iphone. It is the services and the investment and the media component costing them they are doing a lot of build outs is that recurring cost or eventually be built out . The
Earliest investors. Plus, fedex drops amazon. The delivery giant will not renew their ground delivery contract with amazon as the online retailer expand in its own logistics and shipping gain. We will talk to one of the Founding Members of fedex ground. And, new phones, new features. Samsungs first look at the new galaxy note 10 and 10 plus from its brooklyn event in new york. Weve got all the details. A rebound in tech shares helped fuel recovery in u. S. Equity markets. The day started wednesday with an ugly open as traders hit the eject button without any clear catalyst. But an early turnaround in names like broadcom, apple, helps erase losses among major indices. ,nd speaking of Broadcom Symantec surged in after hours trading on the news, up as much as 20 . Field the gains the s p largest seen since last year. The nasdaq closed in the green, while the dow was fractionally lower. Joining us to dissect the moves is our senior markets editor. Talk to us about broadcom here. The report
Manifesto online. We talk with ellen pao, the former ceo of reddit. Plus, uber and lyft post earnings. 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
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