Affective ad campaigns ever it. It was we try harder. It was for avis. It was behind hertz and not afraid to admit. That they went from a money lose tore profitable overnight and came close to overtaking hertz. I thought of this battle as a notice a marketing push from lyft, it is the second largest Ride Sharing Company behind uber but uber has a reputation as a bully. A company of tech pros. Watch this commercial from lyft. The guys in gray are from uber, even if the ad doesnt admit it. Miami, chicago, seattle, look at them in seattle. Why are all of the lyft drivers so happy. Because they let passengers [ inaudible ]. It is gross. I heard them paid over 100 million in tips to their drivers. Why would they do that . They use the extra money to g buy gifts for their family. [ laughter ] second place lyft is positioning itself as the good guys, the company you could trust. The company you could trust to take your dear grandmother to her hair appointment. In fact, lyft is doing just that
President en and the may be on different paths next year. We have world coverage here on daybreak asia. We will be live in San Francisco later on to talk about the latest person to leave uber. Betty we are counting down to james comeys testimony, the former fbi director. We will have an update shortly. This is daybreak asia, live from bloombergs u. S. And asia headquarters. I am betty liu here in new york where it is just after 7 00 p. M. Yvonne it is just after 7 00 a. M. Here in hong kong. I am yvonne man. Super thursdarsday is here. Not sure how i will keep up between the ecb conference, james comey testimony, and the u. K. Election. What you watching out for the most . Betty it has got to be comey. Saying yesterday, must see tv. I think the entire country will be glued one of the most anticipated hearings in decades on capitol hill. The markets did rebounded today. Not a lot, but we did see banking shares helping lead the index is higher. That writtene testimony from james comey, n
Filibuster. And making foreigners pay up when they illegally dump on us. Wilbur ross says billions go uncollected on the show. More positive signals on the economy, we are earning more. Personal income figures sing to show gain. This backs up the growth trend for the economy, oh, amazon, here we go, considers a new line of attack on Grocery Stores, facing the change of retail and their stock along with apple, facebook, microsoft, apple, netflix, hit new highs. And its a friday, Varney Company is about to begin. Food, glorious, food dont care what it looks like very good. Very good. Good choice of music. You hear that, obviously, were talking about food because amazon wants you to skip the Grocery Store and buy packaged goods, maybe cereals, cookies, with the manufacturers with amazon as the middle man and not the Grocery Stores. Liz this is one of the common sense, i should have thought of this before. Food companies blow billions of dollars a year on packaging, on marketing, making th
Those comments coming up throughout the show. Silicon valley star aaron levie talking about why he is supporting Hillary Clinton, whether his company could be a takeover target. We are continuing to follow Hurricane Matthew causing devastating damage in haiti. We will take you live to florida and georgia to look at how businesses are preparing to weather the storm. Lets look at other industrials getting hammered. Bob pisani tracking the action here on the floor of the exchange. Honeywell is one of the main reasons that the overall market is weak down 8 . We have a Big Industrial like that down 8 on very big volume it weighs on the rest and has been a weight throughout the day. What is the problem . They lowered the 2016 guidance. It talked specifically about problems in the aero space saying foreign defense made the markets more difficult. They specifically talked about business engine sales hurt by soft energy sales and antiluxury campaign in china. This is the first material warning
Theranos with John Carreyrou and Michael Siconolfi of the the wage wawj. She came out of stanford with this vision of trying to revolutionize medicine with blood testing that would be done on very small samples of blood, either priked from the arm, at first prked from the arm then priked from the finger and the test would be done quickly, off just this painless pin prik, and then you would be able to diagnose a bunch of conditions from that. And that was pretty transform tiff, if it was achievable, if the company could do it, it really meant big changes in medicine and in the Laboratory Testing industry. So the vision was a powerful one that a lot of people bought into. But again, the people who invested early knew they were facing a young lady who had just graduated and who might fail as most entrepreneurs in Silicon Valley failed. We conclude with amy adams. She spoke to a. O. Scott at the New York Times about her two new films, arrival and Nocturnal Animals. Im definitely hard on my