Announce its second vision fun after its wildly popular first fun. First, our top story, uber out with secondquarter results including a 5. 2 billion loss. Level down to the lowest since may. Here to crunch the numbers and breakdown uber eats an active is Mandeep Singh payment fairly disappointing, what is your biggest take away . I think it was just a revenue miss, and part of that was related to the user subsidies in their ridesharing business, i think they have been using subsidies for a while. They have been seeing pricing pressure because uber eats is a very fragmented market. On the core ridesharing side, i think theyre doing fine. The large numbers large Growth Numbers are catching up. I should add that the adjusted loss was lower than 650 6 million versus 979 Million Dollars that analysts had estimated. Monthly users are below estimate, 99 million, the street was looking more like looking for 101 million. What do you make of that . Mandeep the fact is, uber is a global company.
Before the u. S. China review commission. We will get going in a couple of minutes. Period ofly a short time for our first panel anyway. We will expand it a little by starting a few minutes early. Several commissioners are on the way. D morning, everywhere everybody, welcome to the seventh hearing of the u. S. China hearings. 19 court cycle. Thank you for joining us today. Todays hearing will examine chinas role in Global Health and the National Security, economic, and Public Health concerns stemming from american dependence on Chinese Health products. Our witnesses will also discuss the activities of Chinese Health and biotech firms in the u. S. As well as the opportunities and challenges u. S. Health firms encounter while operating in china or trying to sell into the china market. Globals the biggest source of generic drugs, pharmaceutical ingredients and other Health Products, including dietary supplements, biologics, and medical devices. There are serious deficiencies in health and
Passed by it when ethan saw the flames there. Everything calmed down and sounds like everythings under control. Well keep monitoring this situation. Getting closer to Silicon Valley, no problems. No major crashes, a few incidents here and there. The bay bridge toll plaza with a light backup. The cash lanes on either side should start to lighten up as we opened the cash lanes, so right now we have a couple closed but its early. It is early so were starting out with mostly clear skies, this is a live look outside in San Francisco and were still dealing with unhealthy air quality and for Santa Clara Valley inland east bay we are still seeing the most unhealthy air as temperatures are heating up trend in the mid early afternoo in the south bay approaching 100 degrees once again. Well get a look at all of our microclimates, thats coming up and cooler temperatures in the weekend forecast. Another breaking story overnight, widespread Power Outages across the bay area leaving tens of thousands
And double digits, softbank announced its second vision fun after its wildly popular first tech fund. How it is changing up the landscape. First, our top story, uber out with secondquarter results including a 5. 2 billion loss. Sales, bookings, and monthly users all missing estimates. Shares down to the lowest level since may. Here to crunch the numbers and break down uber eats an active users is Mandeep Singh of bloomberg intelligence. Payment fairly disappointing, what is your biggest take away . I think it was just a revenue miss, and part of that was related to the use of subsidies in their ridesharing business, i the food business. I think they have been using subsidies for a while. They have been seeing pricing pressure because uber eats is a very fragmented market. On the core ridesharing side, i think theyre doing fine. It is just the law of large numbers is catching up. To me, it looks fine. Emily i should add that the adjusted loss was lower than anticipated, 656 million vers
Womans year long struggle with the justice system. And a show of force from englands bowlers, as they dominate australia on the first day of the ashes at edgbaston. And coming up on bbc news a bogey free round for englands charley hull on the first day of the british open. Shes in the clubhouse and in contention at her home course of woburn. Good evening, and welcome to the bbc news at six. More than 6,000 people have been told to leave their homes in the derbyshire town of Whaley Bridge after heavy rain caused part of a nearby dam to collapse. Police have been telling residents to gather some belongings and head to a local school, amid fears that the wall could collapse, with water from the toddbrook reservoir engulfing the town. The Environment Agency has warned that there is a danger to life. Flood warnings remain in place tonight across several parts of Northern England following another day of heavy rain in some areas. Judith moritz is in chapel en le frith, where those evacuated