The eus Top Court Rules that uber is a transportation service, not just a digital provider the company says it wont change how it operates in most countries. Enerthe innogy ceo resigns a profit warning and more pain for steinhoff, shares plunge again as the retailer faces a credit squeeze after accounting troubles. Uber is a taxi company, so says the europeanjustice after a landmark ruling. The definition of uber as a Transportation Firm rather than a tech Company Means it will have to comply with european transport law and regulations in eu Member States the app has responded by saying it does not believe the ruling will change how it operates on most of the continent and says it agrees to regulate services such as uber we are joined by peter woodhouse. Does this indicate uber has to be taken off the road as you have indicated in the past i dont think it needs to be take be off the road it has to focus on regulatory requirements there are further wrangles dealing with employment field
Good morning, warm welcome to Worldwide Exchange on cnbc. Im wilfred frost coming to you live from our studios in london today. Lets have a quick look in on futures this morning coming off a day of slight declines yesterday the dow down 0. 2 . The s p down 0. 3 . It comes off a couple of strong days today were pointing higher. 91 points or so for the dow. Nasdaq up 22 s p up 8 points. Well have more on the markets in a moment. First breaking news out of washington the Senate Passing a landmark tax reform bill early this morning. The measure heads back to the house for a final vote President Trump is expected to sign the bill into law later today. Lets get straight to cnbcs ylan mui with the latest from washington good morning good morning. Victory in the senate and a doover in the House Republicans in the senate cleared the tax bill just about four hours ago the final vote was 5148 no democrats voted for it. There were no gop defections Majority Leader Mitch Mcconnell characterized the
Slowing. It will push south. The most rain right now is mainly the north bay [chuckling] healdsburg with light to moderate rainfall, monte rio with moderate to heavy. Hidden valley lakes, moderate to heavy at this hour. This is the leading edge heavier rain behind it. Higher winds, as well. Wind speeds sustained at 30 Miles Per Hour. Gusts at 59 Miles Per Hour. Well see a few showers in the San Francisco region right now light rain at sfo right now. Winds still light. Winds in the 15mileperhour range in the north bay a good indicator the front is still well to the north. As it moves through winds increase. Weather headlines. Rain and wind for friday morning. And the first part of friday afternoon for some in the south bay the second round saturday night. And actually it looks like wind speeds will be higher for this second round of rain than what we see today and we remain unsettled through the weekend through sunday and on into monday. As i promised, well take a quick look here at you
Were . In the cross hairs of europe, but we know that yurt has been weak. That is the approximate cause. The sooner it happens the less likely we wilikely we will get bigger cuts. That means the less likely that you will blast out of stocks ahead of a tsunami of selling when you have a number of cuts. Prudence and foresight produce what i call just in case selling. Again that is totally sensible. Im never going to criticize that. Aside from these two factors, fridays selling had theyre own momentum. The first reason that people sold, the fed. We heard endlessly that the Federal Reserve was behind the curve. Meaning the fed will have to do something to send stocks lower. And that thing is to raise Interest Rates quickly. Before i tear this apart you need to know that at the end of the week bankers gathered. Youll have to hear stories about how the fed is going to hurt you and your pocketbook. I would love to be able to immunize you against this chatter, but it is almost impossible becau
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