Good Tuesday Morning i am Carl Quintanilla with Morgan Brennan at post nine of the new york stock exchange. Jon fortt is in los angeles at the adobe max conference his sit down is a few moments away with Shantanu Narayen we start with uber shares down, despite the beat as losses for the quarter top a billion. Guys, good to see you. Dan, how much is this downward trajectory in price driven by model complexity relative to competitors . It is a small piece here, no doubt this is a black eye quarter for dara and uber, missing ridesharing metrics. You combine that with what theyre spending on eats, thats the one, two punch sending the stock down, could be an avalanche with lock up expiration. Do you buy the target of adjusted profitability by 2021 i do. I think it is not as much stretch as it would appear to be you look at the core ride share business, they came out with segment margins this quarter, 22 , a four percentage point improvement from a year ago. If they continue on that pace of
Tonight, a sitting United States senator is accused of using his official position to help a foreign power in exchange for riches and rewards. And while the allegations of cash, gold bars, even the convertibles, are getting all the attention, the other end of those alleged bribes is downright chilling. The Justice Department indicting senator bob menendez and his wife among allegations he sought and received Sensitive Information about u. S. Diplomats in egypt, information that eventually made its way to people with ties to the government. In addition, prosecutors say that he gave nonpublic information about u. S. Military aid. Also accused of ghost writing a pitch to senators on behalf of a foreign government. That would ease restrictions on arms and ammunition to egypt. Those restrictions in place in part due to concerns about human rights and democracy. All of this as he is chairing the Senate Foreign relations committee, one of the most powerful positions in the entire government.
Every seven minutes. Whats going on with those train . Reporter well, we had an issue with the l train, but that Fire Department activity between first avenue and bedford avenue cleared away. L trains are moving once again, but you can expect some delays. 22 west right near tower road which is in Scotch Plains we have an overturned vehicle. All lanes are closed down. Again this, is westbound where all lanes are closed down. Eastbound side you may experience some rubbernecking delays. And then we are also looking at whats happening on 202, 206 south in bridgewater. From route 87 down to 22 we do have that accident. So all lanes are closed down as you go through there. New jersey transit, long island railroad, metro north, they are all running on or close to schedule. Verrazano bridge brooklyn bound upper level disabled tractor trailer. Our street cleaning rules are suspended, but the metered rules remain in effect. Lori, over to you. All right, heather, thank you. A bizarre and disturbi
Its not going to last a long time. Well take it while we have it. Partly cloudy conditions greet us as we take that stuff out of our eyes and wake up. Sun and clouds at noontime. 55 degrees. Scattered showers and 58 at dinnertime with a high of 62. Thats a quick look at your weather picture. Lets say hi to lauren with a look at your commute. Thanks, dave. Speaking of subway systems. We have fastrack maintenance on the b, d, f and m lines. No trains overnight at the 6th avenue stops from 14th to you can take the Shuttle Bus Service as an alternate option. Other overnight track work listed here. The next weather and traffic update ahead on the 4s. Lauren, thank you. Decision 2016 and whats called mega tuesday. Five States Holding primaries. For the most part, the night belonged to the frontrunners. Bernie sanders nearly won missouri but fell short. Donald trump led the republican field with victories in four out of five states. Fell short of essentially locking up the nomination with a l
And you still dont get it. You still dont get it. And neither does the epa administrator. You screwed up. And you messed up peoples lives. Michigans governor is scheduled to appear before that same committee tomorrow. Now, to a developing story. Several people were killed in a crash on route 9 in new jersey today. Cbs 2 alice gainer is on the scene now in old bridge. Alice . Route 9 in old bridge is reopened after being closed for four hours this afternoon. The crash involved two car, an suv and a honda. Witnesses at the diner along route 9 says it appears one of the cars crotioned over into oncoming traffic and hit the or. Crossed over into oncoming traffic and hit the other. Law enforcement confirms three people were kid. A chaotic scene around lunchtime on route 9 in old bridge this afternoon. Monty sing works nearby and went out with a rod to try to smash one of the car windows open to get to the driver of one of the vehicles involved in the crash. Rushed there. Reporter several pe