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
Restarting next week thathelped things in asia. In europe, its a bit of a mixed picture. The dax up by 0. 1 you do see red arrows for both the cac and the ftse the ftse, well talk more about Boris Johnson who will become the Prime Minister there today ftse now down about 0. 8 stocks are flat in italy and in spain. If you check out the treasury yields here in the United States, you will see this morning the tenyear is yielding 2. 057 the big story of the morning, shares of Big Tech Companies like google, amazon and facebook, theyre under pressure after the u. S. Justice Department Said theyre opening a broad antitrust review of Technology Firms the review was scrutinikru desie if these companies are stifling information and harming consumers. The Justice Department does not name specific companies, but it is likely to encompass google, foos facebook this is the real first shot across the bow by william barr and the doj. You know you have the democrats, you have the republicans also afte
For because clientele maybe hear about your work, so you start focusing on certain areas, Structural Engineering orgio technical and certainly in the academic field, various professors from surrounding universities especially, stanford or berkley, develop the reputation because they focus on certain aspects and theories that they work in the labs and write papers and such. So we get an idea of what their area of expertise and background are. I get it. Its a good answer, thank you. More to the director, kind of lets say we dont get a huge pool again, i think at that stage, what decision will you make . First of all, we already have that number there. And then we outreach to other organization. I believe we would be more and then at that time well i guess im just you know playing devils advocate, i think its something that needs to be decided on in the next round. You might get to 12 or 15, i think the pool we have is what we should go with. This is something we need to get in place as s
New owner that theyre aware of that. And if they dont comply, of course well give them a correction notice and then start the coenforcement. Why you dont comply. And then of course you know, thats the process were going to do. Commissioner walker. So it would be like a notice of special restriction on the successor office . Yeah. Thats what we recommend. Most of it will be put in later how to put the specific instruction, especially instruction in the title. And so, essentially when these things are billed and approved and we issue the permit, it will include a projection of what the settlement is expected to be, there will be a Monitoring System and if it is different, then theres some i think its what he was talking about, theres some enforcement of it. What we do is, settlement, we see settlement and ask them to satisfy and then well thats all we can do. I think commissioner walkers point, we think its a great policy but we want to make sure its a very clear director and its every s