rollercoaster session. in terms of how it impacts global markets from here, well, right now, we re looking at a muted start, but this comes after u.s. stock markets ended up significantly higher. yesterday, in the immediate aftermath of the decision from the federal reserve, to hike rates for the first time since 2018, we saw the s&p 500 fall into negative territory. but the real change came during the press conference yesterday, this is shaping investors view of the future. when fed chair jerome powell said that the probability of a recession was not particularly elevated, and that the economy is very strong and can handle higher interest rates. so ultimately, the tech-heavy nasdaq ended up nearly 4%, the s&p 500 ended up nearly 2%, and the big winners of the day were those mega cap tech stocks, helped in part by some positive news out of china earlier in the day, and then of course, that fed decision and press conference helping them higher as well. sure would be encouraging if a
for themselves in how we focus on the people that are involved in our business. and the fun that we re trying to have in the process. and some high profile stars have joined in on the fun as undercover drivers. oh, my gosh! it s good to see you again. oh, my god! odds are you won t get shaquille o neal or demme lovato behind the wheel when you order a lift but you may get someone like robert henderson, the company s most prolific new york driver. what s a typical day for you? a typical day is anywhere between eight to twelve hours. but it s eight to twelve hours that s fun, and you just look at the time and go oh, my god, i ve been out this long? and then you laugh about it. but zimmer s goals are much bigger than getting us to work or home from a bar. he wants to change the way we live. at what point do you believe all your cars will be self-driving? i believe in about five years the majority of lyft trips will be in autonomous vehicles.
zimmer loved what they represented. i think it s the idea of freedom and exploration. i just remember being on the ground, playing with cars, getting over, you know, any obstacle. and is there a direct line then to lyft? i think what i realized is that that freedom wasn t really there. and that the car s become more like a $9,000 ball and chain with all the maintenance, the parking, so i wanted to go to that original idea that got me so excited about the car, but actually deliver the real freedom. john first noticed the number of empty seats in cars on the highway during his drives home from cornell university in upstate new york. like, ten of us would be going back, driving with just one or two people. i started thinking about occupancy. how much are these cars used? what i learned is that 96% of the time, the car is parked. in 2008, zimmer left his job at lehman brothers, just before the company crashed, to pursue his vision of ride sharing with partner logan green. four
you re getting into? there was an enforcement leader called the general in california, and there was some really stern conversations where he said, look, son, you re going to shut down, aren t you? i said back to him, you know, respectfully, you know, what we re doing is legal, and we re going to continue to operate. so what she said was? look, son, you re going to shut down. again. beyond the general, the biggest challenge for lyft is the behemoth now so ubiquitous it has become a verb, uber. when people think about your sector of the economy, they think about uber first, probably. and then they think about lyft. what is the relationship like between uber and lyft? you know, they got started first. with a vision of being everyone s private driver, with black cars and limos. and we said, you know, we want to bring down the cost of transportation. we want to bring people together. you know you re doing something right when uber starts paying attention to you. they put up b
mixed right now. president trump touting the number of jobs he said he has created as he was at a meeting with top ceos yesterday. created over 600,000 jobs already in a very short period of time and it s going to really start catching on. not quite. 317,000 jobs have been created since trump took office. we track these things with cnn money s trump jobs tracker. our figures include how many jobs the labor market reported were created in february and march. the white house explains trump is including all the jobs added in january as well. if you add that in, then you ve got about 533,000 jobs so not quite there. the president has misstated job statistics many times. he falsely claims that people who stop looking for work are counted as having a job. that s just not true. you can track along those claims with us at the job tracker at cnnmoen.com. ride sharing company lyft is riding high.