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
The fog is too shallow. Some areas are picking up some breeze. I dont think its enough to impact. Coast and bay a huge drop. You can see the fog. That starts to work its way in, and there will be 60s and 70s. Yet, you get in some of the higher elevations, 77 degrees in the santa cruz mountains. The warm air aloft will translate into a warm day. Its also squashing the fog. It has not much of a chance to make an impact. It makes it over the bay. Westsouthwest 10. Theres not enough of a breeze yet to make an impact. 60s for some. 50s, 60s for others. Tropical clouds maybe by friday. They are down in the four could beers. Fog is the big story on the coast. Its one extreme or the other. Cooler beaches. 90s, 100s inland. 60s bay the water. Sal, 880, still on that its still very heavy. Since about 5 00 a. M. This morning, brian flores joins us live from the scene with an update. I know the coronerss van thud be arrive coroners van should be arriving. Reporter it arrived. Maybe about 200 feet
Donation of 1 million. The details on his report at least initial 6 billiondollar request. Harvey wrecking havoc on the energy sector. Gas prices surging long lines forming at the pump. Major impact ahead on the busy travel weekend coming up. Futures are showing gains across the boards, dow, s p 500 and the nasdaq there, the dow and s p up in august, that was the fifth straight month of gains and the nasdaq up two months in a row. The nasdaq closed at alltime high yesterday. Investors, of course, eyeing the august jobs report due two and a half hours from now. Economists are expecting 180,000 jobs were added last month, tun employment rate Holding Steady at 4. 3 . We will bring you special coverage of the job report beginning 8 00 a. M. Eastern time. In the meantime, in europe lets check stocks there, england, france and germany we have gains across the board firing on all cylinders around the globe. In asia overnight markets were mixed with nikkei and shanghai heading higher. At home
Financials driving the premarket following those beats from goldman and Morgan Stanley plus, netflix sharpens its fangs. The streaming giants beats on subs and promises an 8 billion on original content next year. The stock is poised to hit all time highs. Trump versus insurers, the president calling out insurers and drug makers, both unh and j and y have results this morning. Well get to that. But we are going to start with the banks. Goldman sachs beating expectations as investing bext revenue rising 17 and morgan stan lids exceeley exceeds on td bottom line. Its a good time to be in the Wealth Management Business Revenue there nearly half of the total. Dont forget has the president tweeted how many electric trillions have been added . I like the fact that Goldman Sachs did not report disappoint on this fixed income trading ip hoping Goldman Sachs reads the release and comes out more positive on the Conference Call. Last time they had good numbers but they were very sir couple inspect