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. 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. Rofitability 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 year. Both have indicated the price wars would s
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 year. Both have indicated the price wars woul
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
Silicon valley chiefs head to the white house for talks that may lead to the easing of the sales blockade on huawei. Shery we will have more on that big tech meeting in washington and what this could mean for the huawei been later on Bloomberg Technology global link. First, that get you started with a quick check of how the markets closed the market session. A positive session for u. S. Stocks. We saw the s p 500 gain ground, up 3 10 of 1 . A couple of analysts calls, including one on apple, with Morgan Stanley boosting its price target. That actually made apple rally and the biggest winner on the nasdaq. Micron finishing more than 3 higher after Goldman Sachs listed it to buy from neutral. We also have some positive news on the u. S. China trade front. There could be talk about a potential deal in congress on raising the debt limit, that came after the market closed with President Trump saying a deal had been reached. We will have more details later in the show. Meantime, u. S. Ventur
And digital input overload. I but first Block Chain Technology for refugees some fifty thousand people live in this camp in jordan the u. N. Provides aid to these victims of war and persecution and bottlenecks its turn to a futuristic system. High risk and instead of pin number chain instead of bank account theres also no need for a bank card the customers are compared with a pre stored scan their purchase total is automatically deducted from sums they receive as aid. The Uns World Food Program gives Syrian Refugees around twenty five euros a month so that cash is not stored in a bank its on block chain a digital shared record of transactions maintained by a network of computers on the internet. And his team are in charge of coordinating and. The blocked Train Technology was launched from his office in munich its. Made aid work more transparent and cost effective. To the fruity how every refugee has a virtual bank account and instead of having that account at a bank we can carry out in