Good monday morning, welcome to squawk alley, im Carl Quintanilla with Morgan Brennan and jon fortt. We will start with uber. They lose their license to operate in london. Regulators citing a pattern of failures from uber that place passenger safety and security at risk cnbc contributor kara swisher joins us to talk about this. How are you doing. Not too bad we will see how the appeals process goes, the big question is whether other cities follow suit. Its a troublesome thing. Uber has been struggling for a long time in these cities and actually the first thing that the new ceo who came in after Travis Kalanick did was go to londer to assuage the critics there. It was one of his First International trips and it was very soon into his becoming ceo. So its really problematic if they dont get these cities straight, especially london which i think is its biggest revenue generator after the United States. The thing is it comes after a couple of really big stumbles including daras unfortunat
Getting too frothy for my taste. Now, what does frothy really mean beyond some sort of pejorative connotation involving overenthusiasm s p backs 77 and nasdaq declined. 34 a market that likes. When you get a game stop situation, a bunch of home gamers join forces to push up stocks, things get really frothy very fast. The stock went from 4 to 400 before falling off a cliff again. If you want to spot froth, keep an eye on the soaring stocks and figure out if theres anything real behind this boost or if theyre phoney before we get too negative, maybe it would pay to do a little investigating maybe not everything is frothy maybe some stocks actually deserve to trade higher. Hey, can you imagine maybe many do. I got to, lets do this. Which actually have substance. So we can draw conclusions about how dangerous this moment really is quantumscape, up 66 . This is a Battery Technology company geared toward electric vehicles given there was no other news, this one feels ridiculous to me. Theyve
They faulted the gop for packing the measure with restrictions on planned parenthood money and changes to policies on pesticide spraying. Global news tweet for hours a day powered by more than 2600 journalists and analysts in in more than 120 countries. I mark crumpton. Bloomberg west is next. Emily i am emily chang and this is bloomberg west. The biggest ipo is moving ahead despite turmoil in the market. We get a look at the japanese chat service line as it prepares to go of it. We will speak to the companys president about its new range of products. Be tech disruption may coming to a theater near you. We will sit down with one of the men who built the flex built netflix. Ofe is setting a price range 26 dollars to 32 a share for an offering of 35 million shares. The Company Hopes to raise 1. 1 billion making it the biggest tech ipo of the year. How are investors looking at the deal . Team has been reporting on this rotate ipo. Tell us about the latest terms they said and what it means
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