WORRIES THE MARKET YET WAS
WELL GOING FORWARD WORRIED IT
MIGHT NOT BE.
>>JIM BIANCO IS ALWAYS GREAT TO
HAVE YOU ON THE SHOW JIM BIANCO
FROM THE OPPO RESEARCH THANKS
SO MUCH FOR TAKING THE TIME
THIS MORNING CHAT. THANK YOU.
>>OK WELL NOW IT'S TIME FOR OUR
SERIES GENERATION TRADER
SPONSORED BY E TRADE THE
ORIGINAL PLACE TO INVEST WE'RE
GOING TO HIGHLIGHT THE MOST
COMPELLING BUSINESS STORIES
THAT ARE MOVING THE MARKET
WHILE UTILIZING E TRAINS,
INNOVATIVE TRADING PLATFORM,
AND THOUGH THE
TOOLS ARE IN TRADES THE
OPINIONS.
>>AND STATEMENTS ARE OURS RIDE
SHARING GIANT LEFT IS SET TO
REPORT EARNINGS AFTER THE BELL
TODAY, LET'S DIVE NOW INTO SOME
NUMBERS, ANALYSTS EXPECTING
REVENUE OF $810 MILLION AND A
LOSS OF
ONE $1.15 A SHARE. THERE ARE
SHARING COMPANY HAS STRUGGLED
SINCE GOING PUBLIC BACK IN
MARCH WHEN IT WAS PRICED
AT $72 A SHARE.
>>OK WE'LL JUST LAST WEEK LIFT
SHARES FALLING ON THE NEWS THAT
ITS CHIEF
OPERATING OFFICER IS LEAVING.
JOHN MCNEILL WAS PREVIOUSLY THE
PRESIDENT OF GLOBAL SALES AND
SERVICES AT TESLA AND ACCORDING
TO BLOOMBERG, THE FOUNDERS OF
LIFT DON'T PLAN ON HIRING A
REPLACEMENT FOUNDERS LOGAN
GREEN AND JOHN ZIMMER CREDITING
THE MEAL WITH OPENING A
BUSINESS LIKE CAR REPAIR SHOPS
SPORTS DRIVERS
AND THAT'S THERE'S ALSO KEEPING
A CLOSE EYE ON ACTIVE RIDERS
AND DRIVERS WITH EXPECTATIONS
OF 20.9 MILLION ACTIVE RIDERS.
THERE'S SOME NEW DATA THOUGH
UNLIKE DRIVERS BUT ANALYSTS ARE
WATCHING ACCORDING TO SIMILAR
WEB THE NUMBER OF DAILY ACTIVE
DRIVERS IS DICK WELL, I MEAN
SIGNALING YOU WERE WRITERS THE
NUMBER OF LYFT DRIVERS USE THE
APP ON ANDROID DECREASING
I BET A 2% IN THE 2ND QUARTER.
>>WELL LET'S NOW TAKE A LOOK AT
HOW WHICH SHARES HAVE PERFORMED
HEADING INTO THAT PORT WELL
SHARES FELL TO THEIR LOWEST
LEVEL BACK IN MAY WHEN UBER AND
LYFT DRIVERS IN 10 CITIES
ACROSS THE US WENT ON STRIKE
DEMANDING JOB SECURITY AND A
BETTER BET THE RANCH AND
SHARING WERE SET TO REPORT
EARNINGS AFTER
THE CLOSE ON THURSDAY.
>>ANALYSTS EXPECTING REVENUE OF
BILLION AND A PROFIT LOSS.
$3.33 A SHARE THIS RIGHT NOW IN
COMPANY MADE ITS IPO DEBUT IN
MARCH.
AND IT'S BEEN
A BIT OF A BUMPY RIDE OVER IT
DEBUTED IN WITH DEBUT IN
EARLIER IN THE YEAR OVER
PLANNING SOME MAJOR JOB CUTS
AND PLANS TO LAY OFF A 3RD OF
ITS GLOBAL MARKETING TEAM THAT
EQUAL TO ABOUT 400 EMPLOYEES
AND SIMILAR TO LIFT. WE'RE
LOSING IT C O O WITHIN WEEKS OF
ITS FIRST EARNINGS REPORT, THE
COMPANY ALSO LOST ITS CMO
I HAVE 3 BOARD MEMBER SINCE
THAT.
>>I WANT TO SHAKE UP THERE NOW
LET'S TAKE A LOOK AT HOW WE
WERE SHARES HAVE
PERFORMED AHEAD OF ITS EARNINGS
REPORT JUST RIDE HAILING GIANT
HAD THEIR EYES TOWARD THE END
OF JUNE AND HAVE SINCE BEEN
DROPPING. IT TOOK UNTIL JUNE
5TH FOR RIVER TO PEAK ABOVE ITS
IPO PRICE
FOR THE FIRST TIME.
>>WELL I WAS ALWAY