Temporarily reducing fares for its service by 20 . In the big apple. Uber will keep its regular commissions for each ride and drivers will make less per trip so the Company Claims drivers Richard Seymour should see more riders. Tim draper with the highest bidder for a large cache of the bitcoin currency. Bitcoins are part of a larger pool. He will join us later. Has to our lead box raised 150 million in funding and a valuation of 2. 4 billion. This according to people with knowledge of the situation. Time before more to going public. The Cloud Storage provider had planned to go public last month but at the latest ipo. It delayed its ipo. Time will the funding really buy box . We are joined by leslie in new york. What exactly does this mean about boxes future boxs futeure . To give them the opportunity to wait for better Market Conditions to do with ipo. Million provides a nice cash infusion but the rate is pretty high. It is unclear how long it will take them to go public but sources h
Why does this continue to elude people . Why do the talking heads focus on fed tapering or even syria when what matters is the recovery in the two regions of the world that used to produce terrific earnings for so Many American companies and thats why the market rallied today. Sure, it helped that maybe there will be no war with syria, but wait a second. This was about international. The dow gaining 141 points including many of the International Companies in the dow. The nasdaq vaulting 1. 2 . Nasdaq 100, highest level since november of 2000. Hallelujah lets acknowledge that china and europe are returning, please. Why is that so hard . Weve had so much fabulous news out of china, excellent stories about target and infrastructure spending. 128 last time and that was like a 10 move. Now on top of all of this, a fantastic chinese export number, 7. 2 growth versus the 6 people were expecting. Just when so many people had given up on china reaccelerating, and so many others started to belie
We begin tonight with the first legal set back for the nsas surveillance program. The federal judge said today that he believesle bulk collection of telephone records is unconstitutional and apparently violates privacy rights. This could be the first of several legal challenges to the ns as intelligence fwaering programs. More from mike viqueira. Reporter judge richard leon ruled that the phone Data Collection that has been so controversial is likely in violation of the constitution, specifically the Fourth Amendment prohibition against unreasonable search and seizure. The ruling was 68pages long. Judge leon writes no court recognized a special need to justify continuous daily searches of virtually every american citizen, but it is important to note in the rules he stayed his injunction that this is unlikely unconstitutional. He wants to give the government time to appeal. For the time being the meta Data Collection continues on without any court stopping it. However, there is this rul
Elude people . Why do the talking heads focus fed tapering or even syria when what matters is the recovery in the two regions of the world that used to produce terrific earnings for so Many American companies and thats why the market rallied today. Sure, it helped that maybe there will be no war with syria, but wait a second. This is about international. The dow gaining 141 points about the International Companies in the dow. The nasdaq falling 1. 2 . Nasdaq 100, highest level since november of 2000. Hallelujah lets acknowledge that china and europe are returning, please. Why is that so hard . Weve had so fabulous news out of china excellent stories about target and infrastructure spending. 128 last time and that was like a 10 move. Now on top of all of this, a fantastic chinese export number, 7. 2 growth versus the 6 many were expecting. Just when people had given up on china, and so many other his started to believe that seethrough buildings are the landmark and hallmark of the chine
First sixday winning streak since july. About 500 points shy of an alltime high. Bob pisani, how about those markets . Over to you. We are having a great day here. We have a crowd behind me, maria. This is delta. Delta is going into the s p 500. They are gathering orders right now. Were waiting to close it it. It isnt yet closed. The stock is trading up 4. 5 , replacing bnc software delta, doing into the s p 500. That hasnt changed yet. We havent got a final print. Theyll buy a lot of stock and they want the final print here. That number may or may not stand there. 22. 61. Lets move on here, the s p 500, maria had it exactly right as she usually does. Important thing here, six days in a row on the s p 500. Thats quite a move. Why is it important . Because september is usually a lousy month. Yet were up almost 3 . And weve been up since the beginning of may. A lot of the old wives stories about how the market should behave arent necessarily working that well this year. Let me give you a