Travis kalanick is out as investors try to move past scanda scandals jack ma on why globalization is good david will sit down with him Martha Stewart shares her take on the state of retail the media mogul is going to join us live. First up, Travis Kalanick is out as ceo of uber bill gurley this morning, big investor in uber said books will be written about kalanicks entrepreneurship and few have changed industries the way he has. Yeah. Adam lashinski wrote a fantastic book fortune writer that came out four weeks ago about kalanick had he to break billions of eggs to make a couple of really fabulous omelets its almost as if i dont want to say his job was done, but i would say that you got in there and it wouldnt be so bad to have a more a lesser addict story. Personal tragedy you have to weigh this i think obviously the people got an image of what the company was like inside that was a little bit distressing. Listen, this guy did it. And i dont think theres enough good being said. I know theres tons bad, but i use it, you use it and it doesnt matter where you are in the world, we all use it yeah. This didnt exist six years ago. Can we give this guy a few minutes of credit because even though he had to be who he had to be to get it done is what im saying there was an undercurrent in the book how bad a guy is he . The answer is, bad enough to do the job. Uber did put out a statement. Travis has always put uber first. This is a Bold Decision and a sign of his devotion and love for uber by stepping away hes taking time to heal from his own personal tragedy by giving the company time to heal we look forward to continuing to serve with him on the board. This morning, david, esquire has a piece saying travis was at war with everyone in a business that is famous for dealing with your frenemy you disagree with them, you collide on one issue, you cooperate on another. Yeah. You know, carl, whats come up to me and has been discussed by a number of people who have invested in uber, have chosen not to, not necessarily a war that you described but maybe also with their customers. This is a consumer facing company that has not always had at least what seemed the best relationship with the people who use the Service Although of course they do continue to use it in droves think of pricing and how much hostility that creates you have to wonder when i think about the future of this company, is it going to be led by somebody who perhaps is more focused on treating the customer better having been with jack ma, spent a lot of time here, remember him . Well hear from him later. Customer first, right . Is that the case at uber i dont know maybe it will be now. Mike isaac at the New York Times broke the story in the middle of the night. Yeah, i saw this. Was on squawk this morning. Talked about whether or not the board was really looking to a new round of fundraising, an ipo in which a public face of the company needed to be a little more less extreme, less aggressive. Look, i think that in theen he wasnt made for primetime he sure was made to fight every country that was against him you had to have a brashness and a belief in yourself now his confidence bored on overconfidence his insulance boarded on being broughty ive met him a couple of times i like the guy he told me he could buy me and sell me. Thats fabulous. I didnt know i was for sale terrific what price hes one of those guys hey, i can buy you and sell you. How are you . Then he was very charming to my wife i dont know the guy can be charming. I mention that only metaphorically he can be charming and he can be without a doubt im not going to use a word because theres a word that comes to mind, but well, that word he was selfaware. Thats whats so funny. Yes. Heres a brief sound of travis in 2015 i realize that i can i can come off as somewhat fierce advocate for uber. People have said that. I also realize that some have used a different a word to describe me. Well, ill be the first to admit that im not perfect and neither is this company. Like everyone else, we make mistakes, but at uber we are passionate about learning from them now lets not talk about him in the past tense because he remains on the board. Right. And we dont know what involvement he may have at uber operationally or at some other company. People are now tossing around other names. People who are free agents, people like adam bain, people like marissa meyer. Like a secret agent from lyft that would be interesting, right . What is that, like thrush . The Empire Strikes back. Kalanick ii . No can we just not have that. All right im floating that and shooting it down immediately the a word is extraordinary. When the book came, all they wanted to talk about was ive never seen someone so universally reviled but at the same time recognizing that when you go to china to get a deal done or did you go to miami. Yes. And take on the taxing commission. I dont think you want to be a sweet guy. There wasnt a lot of sweetness. There isnt a lot of sweetness to kalanick. Yeah. No one thinks about the s word, but i do think that that job would be a great job and im not putting john scoli in it, fabulous guy, marissa meyer. Adam bain, wow, hey, im the nicest guy in the world. Im ready. Adam bain is adam bain is like nice. Yes. I remember continuing with the wife analogy my wife says, that guys the nicest guy in the world. Could be good for them change of pace change of pace. Speaking of disrupters, jack ma of course has been the focus of david faber for the past 12, 18 hours that exclusive, david. Walk us through it yeah. You know, carl, of course were here at gateway 17 this is an event that was put together by alibaba sometime back and hats been attended or will be attended by 3,000 small and mediumsized businesses here in detroit not all of them from detroit, i should say the event is in detroit. Theyre being drawn from all over the country, but particularly sort of the heartland to give them a sense as to the power of the alibaba platform to allow them to reach the consumer in china. Its all part of, of course, jack mas globalization, he being a key evangelist for globalization in a time when really is t would seem to be in retreat. That was an area that he and i talked a good deal about in our interview. Take a listen. My belief is a globalization is good but it need to be improved globalization should be inclusive to everybody we should not, you know, throw out the baby because the babys crying too much. Its a good thing, but how can you improve it globalization only in the past three years so what if we can improve next three years im a believer, strong believer of globalization, how to create jobs, especially Small Business. Next 30 years the technology is going to challenge a lot of Job Opportunities so if we cannot help the local business going global, its going to be a big problem. Today i see so many Small Business, theyre buying from this country, manufacturing there, designing u. S. A. , sell to china. Right. This is called all over the place. Thats right. There is absolutely globalization, many would argue, has been a benefit to the World Economy as youve just said. However, you seem to be swimming against the current tide i know youre talking about replacement or Different Organization than World Trade Organization that youre sort of thinking about that would empower Small Business when you have governments that are not embracing it the way they once did, isnt that a threat in the past 18 years when i do internet in china, we got criticism every day. You know, something we believe it, a lot of people criticize it but if you really believe it, continue to do it, improve it. I think doing like a crazy man last year i fly in the air 870 hours and this year i will fly maybe over 1,000 hours. Why are you doing that . Why are you spending 1,000 hours in an airplane visiting with world leaders. Whats the point convincing people globalization is good. Convincing people free trade is good convincing them Small Business should be the driver of the globalization, the driving force. You cannot stop globalization. The world is getting so small, right . Internet plane ticket people traveling around the world. How can you stop it . You cant. You cannot stop it. If you cannot stop it, improve it. All right so you go and you talk to various world leaders. Yes. Including the president of the United States earlier this year did he embrace what youre talking about . Because certainly has platform has not been one that has necessarily embraced the ideas youre espousing. I think he supported Small Business, young people when i say were going to have Small Business summit in the midwest, detroit, he was so excited. He said, jack, this is a great idea please do it and if there anything i can help, let meknow and as you guys know, it was the million jobs that came along with that promise that certainly attracted the president who is focused on job creation as one of his key responsibilities and platforms. Well, you know, david, we were talking about Travis Kalanick earlier you can dominate the world or try to dominate the world and still be a kind of a gentleman and a statesman and a guy you root for isnt that how you feel when you talk to jack ma . Yes and hes an inspiring figure i mean, we certainly listen. Were getting exposed to him here in the u. S. Theyve made an effort to do that in alibaba. Their Investor Base is here and so few of them used the product. Its a very difficult thing they face in the sense of so many people who invest but dont really understand it the way we understand amazon or google or uber and he is the face of that he is not running the company day to day making every single decision in terms of where are we allocating this, where are we allocating that. He is the broad thinker about the vision for this company, jim, and to your point, he has an inspiring story that weve heard a number of times and now is really being shared with a lot of people in this country, and he has a very, very definitive vision of where he sees the world going, not necessarily all of it good, but he certainly is very confident in where he sees things going and how alibaba will benefit from it. Yeah. I like his point that if youre going to change the narrative on globalization, its not going to be with political ads, hitting people over the head, its going to be about the numbers, right its going to be about delivering the jobs. Yes. Sort of bottom up process. David, one of the things i think thats incredible, there are a lot of people who talk with trump this guy clearly talked with trump, comes here. Hes hell bent on creating jobs. Theres a seriousness to what hes trying to do, isnt there there is. Were going to share some of our back and forth about a million jobs and whether you really can get there, but the idea is to the extent you can actually get Small Businesses here in the United States, even farmers and the like to use the alibaba platform, to use the logistics and all the Different Things they say address the pain points of actually trying to sell into china and do that, then maybe youre going to hire another person or another two people certainly something they are happy to hear about. No doubt so he walked out of that meeting. We know what was back in early january. Right before the president took office with trump being happy and him following through with this very conference or more than that, this big meeting here were having in detroit today. You know, david, i had wix on people dont know this company theyre signing up 2 million Small Business people on next month where they can do a website. If you want to sell internationally, you use us. I have adobe, champion, orion. International. A global attempt for Small Businesses to be able to sell their ares i listen to jack ma and i think to myself, you know what, there are people in this country who are going to have a billion people that are part of their market that you never thought you could touch and its because of ma and the technology does he ever talk about how there is a virtuous circle coming together of the technology being able to make it so that we could have Chinese People buying our stuff . Without a doubt in fact, we have a long discourse about the future of employment you heard him refer to it briefly in that exchange in terms of the potential pain over the next 30 years. Thats something we talk about where you guys are in terms of whats going to happen with automation, robotics, machines, ai and the replacement that thats going to involve in terms of jobs. We talk a lot about that he does seem to embrace the idea that were at a point where people are going to be their own Small Business, be able to sell whatever it is they have around the world. Well see whether that can actually happen. Even speaking to the merchants here, many of whom are going to embrace this idea of trying to get into the Chinese Market, its not the easiest thing to do it takes time and a great deal of effort and its not necessarily still ensuring success even if you do get access to all of those consumers. Well see where it all ends up but it is an interesting effort on the part of alibaba. Its a bit of a sell if you look at whats happening be with jobs at large companies. Axios today points out in 1990 the big three in detroit employed about a Million People. In 14 the three Biggest Companies in Silicon Valley, 137,000 people and roughly the same revenue nominally. I come back and i say that you use the apple app and 2 Million People have been developing things on that. You take a look at the Small Businesses and what theyre capable of doing using alphabet, using Youtube Video to sell things, using wix to sell things you look at the Federal ExpressConference Call there last night. You can ship it there. The globalization of individual and individual skill sets not equal to what big business can do i totally agree. I just feel like jack ma says, you know what, if you have something good, dont think you have to sell it in the United States i like that because the more customers you have, the better youre doing, period end of story david, a lot more to come from you in detroit. Great stuff. Really great. Still to come, nikes getting a lift were going to tell you what amazon has to do with that david will interview Martha Stewart this morning shell offer her take on the retail landscape a lot of questions for her nasdaqs gone negative for the month and down four out of five. Well see what happens when the nus. Gsn ou14 rin iabt mite at fidelity, trades are now just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And at 4. 95, you can trade with a clear advantage. [ gasp ] if you fire him, youre agent gonna have to fire me. Do you really wanna do that . Uh, do ya . [ screaming ] well, i guess she did. Were going to be fine. I want to help since you dont have a job. I got two whole dollars. Awww. Minions were going back to villainy. [ cheering ] [ evil chuckles ] so, youre villains now . [ shrieking and chuckling ] i mean hello sweetie. Despicable me 3. Rated pg. Nikes up in the premarket citing some channel checks goldman has a note saying the dow is considering selling products directly through amazon of course, they do sell through third parties now. This would have better control over how the brand is presented. They argue direct economic exposure to amazons users, implications for footlocker, dicks and others. This market is so negative on retail that when that note came out, the first i saw footlocker down a couple of bucks. I said, oh, my god, who downgraded footlocker. Amazon brushed up against it you brush up against amazon, then whoever youre against is just immediately saying i surrender. Whats really interesting is foot locker is a good company. Stocks have been straight down since last quarter its almost as if everybody says im no longer going to fight tell me what to do youre jeff bezos. Youre in charge im a puppet this is how people are when he comes after. Its like, hes got the strings. Hes got the strings they dont even try. Its like, yeah, i surrender. Lets say he wanted to go up against a company like carmax. Carmax reported a great quarter today. If they say we have someone from amazon, third cousin, brother that might come in the whole game would be erased immediately. Were going to watch nike in the premarket and foot locker is down 5 before the bell. Well get cramers mad dash, take another look at the premarket. Back in a minute in these turbulent times, do you focus on todays headwinds . Or plan for tomorrow . At kpmg, we believe success requires both. With our broad range of services and industry expertise, kpmg can help you anticipate tomorrow and deliver today. Kpmg. upbeat dance music dance music abruptly stopping dance music starting then stopping you are loved lets get cramers mad dash. A couple of big earnings today. We had adobe which was a blowout, red hat and fedex trying to figure out how good it was. I thought it was great, but i think its the Deutsche Bank note says not bad but good enough the stocks up 12 for the year. They are going to have to spend more money in order to be able to capture growth. I like what they had to say about international and ive got to tell you, carl, its only because we have this negative feel to the market that i think this stock is not up that doesnt mean im saying buy it because the market has this negative drag. I am saying that if the market turns around at all, the s p turns around, this one deserves to be higher, not lower because they told a great story. Youre referring to internals yes