Authorizing a twoyear milliondollar payment of former fifa Vice President michael plan 2011. I p[lantini in from new york, i am mark crumpton. Bloomberg west is next. Emily im emily chang and this is bloomberg west. Uber burning through a significantly more than 1. 2 billion in the first half of the year. We will take you through the unprecedented losses. May beriverless car tech racing ahead but who is writing the rules of the road . We will hear from the u. S. Secretary of transportation about self driving regulation. And could someone hack your pacemaker . We will take a look at the vulnerabilities of medical devices and a bold new call from carson block. To o ur lead, and mounting financial losses at uber. Conference call with investors, the head of finance explained that uber lost more money and the Second Quarter even it did in the first, totaling more than 1. 2 billion in just the first half of the year. Uber turned a profit in the u. S. In q1 but lost 100 million in q2. In the
Warn about refugees are not islamophobes. Theyre not. Mark in italy, rescue crews continue the search for survivors following yesterdays devastating earthquake. At least 250 people were killed. There were more aftershocks today. Former fifa president sepp blatter is appealing his ban from football. He pledges to accept the verdict of the court of arbitration for sport. Blatter denies wrongdoing in authorizing a twoyear 1 million payment to former fifa Vice President michael plantini in 2011. From new york, i am mark crumpton. Bloomberg west is next. Emily im emily chang, and this is bloomberg west. Coming up uber burning through , significantly more than 1. 2 billion in the first half of the year. We will take you through the unprecedented losses. From the companys latest investor call. Plus, driverless car tech may be racing ahead, but who is writing the new rules of the road . We will hear from the u. S. Secretary of transportation about self driving regulation. And, could someone ha
We will talk to the founder of Citroen Research. We are one hour from the close of trading in stocks have made a comeback today. Lets head straight to the markets desk where julie hyman has the latest. Julie meeting the s p 500 flirting with positives in the dow paring its earlier declines. Not a steep selling as there was earlier today when all three major averages were down by more than 1 . The nasdaq has been leading to the upside today. You will see the dramatic turnaround we had in that particular index. The nasdaq on an intraday basis really climbing route the day. Throughout the day and going positive after 2 00 p. M. Take a look at the big movers here within the nasdaq. These are those intervening the most, apple, costco, comcast, qualcomm. Most. Tributing the look at the imap, the different sectors on the move since the s p paring earlier declines. A disparate group of different sectors doing well. Energy and materials bouncing. Technology shares bouncing as well, but then you
Than the ipad. And about 48 hours to go until cnbc hosts the next republican president ial debate live in colorado. Where do the candidates stand on the legalization of marijuana . And what does the booming industry want to hear from them . Well speak with the ceo of one of the biggest pot dispensaries in the nation. We do begin though with the crisis engulfing one of the Biggest Pharmaceutical Companies around. Yes, were talking about valeant and top brass is meteding with analysts today to discuss its about practices after questions were raised by a short selling Research Firm. The stock recovering from big losses earlier. Its only down by half a percent. Lets get more with meg terrell with the latest. It was really valeants moment of truth this morning. Feedback from analysts at least initially has been cautiously positive. The stock recovering from being down 14 premarket to actually briefly turning green today after the Conference Call, now just down a little less than 1 . The mai
Your back, you scratch mine and we spend the money. But as a consequence were borrowing a Million Dollars a minute. I think we need to be very aware of where we are situated as a country. I think we need to be very aware of the consequences of continuing to borrow a Million Dollars a minute. I think as we go forward we have to understand what the founders intended for our country. We need to understand where our richness, where our greatness came from. Were the richest, greatest, most humanitarian country ever known in the history of man. In 2014 alone we gave away privately, through charity, nearly 3 400 billion. That doesnt happen in cuba, they dont make wealth. If you want to know why we won the cold war, we beat russia and all of communism because the engine of capitalism defeated the engine of communism. Because we produce great wealth is why we were able to defeat the soviet union. If you dont know how wealth is created and you dont realize where wealth come from, if we dont real