35 Burst results for "Grubhub"
Interview With Linda Johnson Rice
"Today. Linda johnson rice joins me skimmed from the couch. She is the ceo of johnson publishing company which published ebony and jet magazines johnson publishing helps give a voice to millions and chronicle the african american experience across the country. Linda has also served on numerous corporate and philanthropic boards including the chicago public library. Omni kong group. Grubhub tesla estonians national museum of african american history and culture. Linda thank you so much for coming on the show. Welcome to skimmed from the couch. Thank you for having me carly. I'm excited to be here and sounds to have you here so i think you know the first question. We start with the same one every show. Skim your resume for us. I most certainly. I'm happy to do that. I am still the ceo of johnson publishing company. So that is great and it. Is that the founding company for ebony jet magazines and fashion fair cosmetics all started by my family and for better or for worse i have never worked anyplace else and so i grew up in the business. Grew up in the in the magazine business in the publishing business and also in the beauty business but always surrounded by incredible people great parents but great staff who were very uplifting and all about aspiration and inspiration for the african american community. So i grew up in the business. I went to Born and raised in chicago got my degree in journalism from. Usc came back and got my masters in management from northwestern. And i got my masters in management. So funny i started out full time in school and then i switched and i went part time so it took me longer but i really wanted to work at the same time and i had the luxury to be able to do that. A lot of people don't have that. But i did because i wasn't looking for a job once i got my degree. I already knew where. I was going to be an actually once. I i got my masters in management. I actually became president a company like the very next day. But i do want to stress. One thing that i think is really important here and that is i have worked in a family business but it was not a given that i was just going to step into this role and if you know if you knew anything about my parents it was nothing was given. You've really had to earn it. And so it does seem like boy. That was a really fast. Reject re but This was decades and decades of work. I mean i spent more time at a copy machine making copies and doing all kinds of stuff that you know people do when you start out in in a company. I don't think that was any different for me. Something that people would be surprised to know about you that if not on your professional bio oh my goodness. Let's see on a personal side. I i love to ride. I have horses. I've owned horses all my life so that is sort of my luxury right now. I don't have one. But it's the way i can relax and i studied opera. We do you think. Please don't ask me to sing. But i did. I studied opera for for many years. Took voice lessons and loved. It absolutely loved it. We're gonna dive into the family business. Tell me about your family. Tell me about your parents so you know my parents. John and eunice. Johnson were part of the great migration of african americans from the south to the north. So my father came from arkansas. My mother came from alabama and very different backgrounds. This is so it's really interesting. My my father came from nothing. And when i say nothing his town great people but only six hundred and sixty eight people there. His mother believed in him so much and she just you know the love that she had for him she poured into just him and so for her. The best thing for him was to get out of arkansas arkansas and get education and the way to do that was you know they. They got on the train and they came to chicago. they had relatives in chicago. So a lot of people. With the migration from arkansas people came to chicago alabama. They came to chicago. My mother came from alabama so my father dirt poor came to chicago. Went to high. School became head of the debating team editor. The school paper graduated attended the university of chicago and my mother on the other hand came from a background. Where you have to think about this. Her father was a surgeon. Her mother was a schoolteacher in psalm alabama so obviously black african american back then prominent family. Her two brothers were surgeons. Her sister was a phd professor in english and my mother came to chicago to get her master's in social services at loyola. So now you've got these two converging people now completely different backgrounds you know and and they met ed dance. My parents met at a dance and my father. I remember him saying you know. Ask your mother. You know at the dance. Could i take her whole and my mother said absolutely not absolutely not it. She said. I'm going home with the person that brought me. And so for my father. Being the maverick entrepreneurs salesman was game on. That was
This Could Be the Year of Take-Out Thanksgiving
"Services have had huge pandemic boosts not surprisingly there ready and waiting to ferry millions of holiday meals in particular. We're presuming that. The ceo of door dash is particularly thankful for the extra business today just last week. The silicon valley company filed to go public that filing has been met with as much skepticism as a novice cook eyeing his first turkey. Now let's be clear. Door dash is now the largest delivery service in the us by volume revenues grew exponentially after the first lock downs and they've continued to surge since january door dash has delivered more than five hundred. Forty million orders according to the company's sec filing that's about three times as many as the same period a year ago this year's orders brought in almost two billion dollars in sales again well over double the same time last year. Sales are likely to continue growing as long as the pandemic is with us. But here's where some of the skepticism comes in like many tech company door dashes focused on growth at the expense of prophets. The delivery business is a dogfight door dash up against ubereats grubhub postmates which ubereats bought in july and restaurants owned delivery services as a result. The company has only had a couple of profitable quarters since it was founded seven years ago. Yeah one of those quarters was this year in the second quarter door dashes turned a profit of twenty three million dollars but in the third quarter jordache once again lost money bat. Despite restaurant owners long complaints jordache takes as much as thirty percent commission from them. In addition to charge customers delivery fees new regulations intended to protect restaurants could rain in those fees and yet in the strange economics of our time the company's valuation skyrocketed from two billion dollars last year to fifteen billion. Now this means that even if door dash can't find a path to profitability anytime soon. It's investors stand to make a lot of money in an ipo consider the ipo's timing for another perspective to the company filed on november thirteenth. Just a little over a week. After winning a victory in the most expensive ballot measure ever to hit california along with other gig worker businesses like uber and instacart dash spent millions to win passage of proposition. Twenty two that proposition exempts some companies from a new california labor law that reclassifies gig workers as employees door dash has a million drivers call dashers across the country having furnished them with sick. Leave and unemployment benefits would have threatened the company's existence they say passage of prop. Twenty two may door dashes. Ipo prospects much brighter. Cnbc reported under prop twenty two door. Dash uber and others will have to provide some health care benefits to drivers along with minimum earnings guarantee over time those dashers face their own. Existential threats in the future jordache says it plans to replace them with drones and driverless cars. The same kinds of challenges and controversies dog door dashes rivals uber. Eats has also soared on the back of pandemic restaurant closures but analysts say it's held back by the waning fortunes of uber's ridesharing. Business and lift is now partnering with grubhub which went public in april of twenty fourteen. Both uber and lift went public last year. But by the end of the year they're shares tanked. Now we hardly expect you to think about all this messiness when you're just trying to get dinner on the table but just know that beneath the soaring sales food delivery. Business is an all sweetness and light. Maybe go pick up your meal yourself. Just a thought. Happy thanksgiving
Washington governor sets cap on delivery fees for Uber Eats, DoorDash, Postmates, others
"Governor Jay Inslee is hoping to help restaurants better survive new Corona right virus restrictions with a cap on fees charged by certain third parties. His fees are typically added orders by delivery services such as uber Eat two Grubhub, Postmates and others. Those platforms have become increasingly popular is people are meals to be delivered. New proclamation, caps, delivery fees at 15% and total fees at 18% of the cost of an order. The new order takes effect next Wednesday.
Uber acquires food delivery app Postmates
"Delivery company. The ride sharing giant is acquiring Postmates and a 2.5 $1,000,000,000 all stock deal. Now it tried and failed to buy grub hub a few weeks ago. Uber and it's uber eats food delivery division will gain ground against door Dash, which controls about 37% of the U. S. Food delivery market. Burt Flickinger is a retail analyst with the Strategic Resource Group. He says Postmates is a better deal for Uber Postmates is better than Grubhub because Postmates has a more predictable and responsible feast schedule, both for the merchant. As well as the person ordering and a very strong compensation program. The please touch museum may
Uber acquires food delivery competitor Postmates for $2.7 billion
"So uber. Is about to buy one of the biggest competitors in the food delivery business. The company will require Postmates for $2.65 billion after a deal to merge with Grubhub fell through earlier this year. Get a move on better positions, the rapidly growing you breach service. Tio compete with door dash, the most used food delivery service used or dash out there. You'd done that one. No, No, I'm not. If you don't food delivery, no. Have done delivered. Not never had a pizza delivered Your help, Isa? Yeah, but done that. Yeah. I've never never had anything delivered from from a restaurant with overreached door dash, Bernie. I mean, we've done a lot of takeout, but way back. We did take out for match over the weekend, but we're You know, we go get it. Go get it. We'll give him a good tip. There you go. That's pretty cool. Move, Eva. We've done door dash A couple of times. There's only a couple of even deliver out this far. But they're very popular. Yeah, it is. Ah, you kind of have to do it If you want a restaurant. Well, an uber is having a kind of reinvent itself right now because there ain't much demand to grab an uber to go somewhere because nobody's going somewhere whether shifting their business model to a little bit more of a food delivery guy and pretty smart, this smart and I hope it pays that that's a big chunk of money. And I didn't. I didn't think that they were that flush right now. Well, it's they mean they have They got investors. They got investors. $2.65 billion is quite a bit, man. They're going to make it
Uber to acquire Postmates for $2.65 billion
"Uber is doubling down on food delivery. Uber announced today that it is acquiring Postmates in a $2.6 billion deal. In all stock purchase. Both companies are based in San Francisco. With the deal Uber is taking aim adore Dash and grubhub. The two leaders in the food delivery market Uber is also a player in that market with its uber eats division. Last month, you were lost out on a bid for Grubhub, which would have made it the dominant US food delivery
Uber buys Postmates in $2.65 billion all-stock deal
"With more Americans getting meals delivered during the pandemic uber has moved to get its own food delivery company uber says it's buying Postmates in an all stock deal worth more than two and a half a billion dollars that's after the ride hailing giant lost a bid to buy GrubHub uber has been leaning on food delivery with the pandemic cutting into all ride sharing businesses uber rides dropped three percent in the first quarter compared with earlier years while bookings through uber eats surged more than fifty percent the Postmates deal will let uber and uber eats gained ground against door dash which controls more than a third of the American food delivery market Sager mag ani Washington
Uber buys Postmates in $2.65 billion all-stock deal
"With more Americans getting meals delivered during the pandemic uber has moved to get its own food delivery company uber says it's buying Postmates in an all stock deal worth more than two and a half a billion dollars that's after the ride hailing giant lost a bid to buy GrubHub uber has been leaning on food delivery with the pandemic cutting into all ride sharing businesses uber rides dropped three percent in the first quarter compared with earlier years while bookings through uber eats surged more than fifty percent the Postmates deal will let uber and uber eats gained ground against door dash which controls more than a third of the American food delivery market Sager mag ani Washington
"grubhub" Discussed on MarketFoolery
"And on a lazy Wednesday night are using you as room service there is. That's going to be really good news for the starbucks for the Peleton for the the stuff. That's in that very high class mall and I think Simon. Property they are going to figure it out. There's going to be a mini shipping and distribution centers to help mall based stores. Do More. Do More e Commerce Simon is going to be at the forefront of doing it and I think they still want these properties. And Look. Wouldn't you try to make a better deal right now? If something's worth less try to pay less for it. Last thing and then I'll let you go. How confident are you that Major League? Baseball is actually going to have a season in two thousand twenty. So I'm one hundred percent confident that they're going to have a season. Because the commissioner under the terms of their deal is allowed to mandate a season as long as players are paid on a pro rated basis, the problem is they're going to have a fifty game season, which is a bit of a farce because they don't want to pay the play they want. They want the players to take less money. That is going to damage the popularity of baseball. Baseball had the ability. It's a largely socially distant sport. Anyway, it's not tennis. It's not golf, but it still pretty far apart as long as you don't spit, your good baseball could have been playing July fourth. Imagine what that would have been like fourth of July. You're having your Solo Barbecue with your family. Everyone's a little sad and you hear play ball. It makes me choke up to think about it, and they're not gonNA. Play until late July if. If that soon this is an opportunity loss sport that was dying in the first place where people are aging out. They could've seized the narrative and they didn't. So you have see is gaining a lot more fans. The NBA's GonNa look like heroes. The NHL is going to be way more popular than it ever has been, and baseball is going to be giant asterisk. It's I'm getting flashbacks to ninety four. When you know, basically, the season just stopped and. There was no world series. There were no playoffs that year and fans were essentially pox on both your houses in terms of the players and the owners in this case when I hear these different proposals going back and forth and I. Don't I don't have a dog in this fight, but I think to myself. It almost seems illogical for the owners to put a proposal on the table that says. Anything other than we're going to pay you on a pro rated basis, but the whole idea like it's just like no, no, no, no, that's the players are correctly making the argument that they don't share in the upside so that if they give the owners you know. Hey, alright will pay at seventy five percent, a pro rated basis, and we'll play ninety games. When that franchise was bought for four hundred million dollars, and it sells ten years from now for three point two billion..
"grubhub" Discussed on MarketFoolery
"It makes zero sense to drive thirty five minutes from my house to bring me barbecue, which is what happened earlier this week and only make one stop along the way I think there's a lot they can do with technology, and maybe they'll focus on that a lot more now. So, where does guber go from here if we are seeing this sort of consolidation in food delivery? HCT IS I don't want to back to square one, but they are I. Get why the stock is selling off today. Because people who were more excited about the business, if GRUB is part of the picture are left sort of looking at Uber, just as itself and thinking I don't want this. So Uber's going to spend this money on attaining customers. That's pretty much been. They're money losing model and its some point. They have to flip that switch I'd love to see Uber put some of this money into the feasible autonomous delivery, and I don't mean like pie in the sky drones, but look I live downtown. It is reasonable for a pizza place to put a pizza in and drive half a mile to my to my house in an autonomous vehicle. That work is being done that stuff is out there. Obviously, Uber eventually doesn't WanNa have drivers, and that's not going happen any time soon, but they should be looking at efficiency, and that could be everything from more ride pooling more. Their new service where for fifty dollars you can go anywhere you want for an hour. There's going to be a lot of stuff like that. They have to figure out every way to monetize their workforce 'cause they have an enormous capacity that's mostly sitting in parking lots waiting for orders, and that's not a great use of time. especially as we live in what I think of is now in a delivery culture, and that's not going to change post. Pandemic I always got my kitty litter by water. A lot of stuff from Amazon delivered now a lot more people. No, that's possible. I. Don't know about you Chris. You have a dog if I remember correctly, Dodge Correctly, don't you do not have a dog sorry? Okay, so let's pretend you had a dog. Bags of dog food are really heavy. You're not going to want to pick those up if you've had the option of having them delivered to your door, so those kinds of things are not going to change and could absolutely capitalize on that they are a company that could move people who can move food. They could move stuff and it's all pretty. It's a lot of optionality. They just have to use it better. Simon Property Group is the largest operator of shopping malls in the united. States and shares of Simon Property are down more than ten percent today after they terminated their agreement to merge with Taubman centers, which is a rival mall developer. Taubman is rejecting the termination notice. This seems a little bit like breaking up with you, and and the other like no, you can't break up with me I won't allow it like what what is this? So this is posturing renegotiation of this deal. In my opinion, I don't think Simon wants out of this, and that is pure speculation they. CA- their reasons. That Taliban breached are very speculative. It's one of those scenarios where where you know. We..
"grubhub" Discussed on MarketFoolery
"Three billion dollars, and if you're thinking to yourself right now, Hey, wait a minute. What happened to the deal with Uber? That fell apart and so let me start with this Dan. Did Uber Dodge bullet in not closing the deal with Grub or did they blow an opportunity? So I think Uber dodged a bullet. I'm not sure that the combined uber and grow hub made a ton of sense. It would've been about seventy percent market share, but I think you immediately lose some of that market. Share to people that just go look at adding a competitor. Hey maybe I. don't want all my eggs in this basket. I'll get door Dasher or post mates, or whatever it is, so I think it was going to be really hard for that combined company to make money. And this new combined company, which operates in two totally separate markets. They say this is a profitable company from the get go and I. Love the idea. Of them, being able to combine back offices get rid of a lot of programming. They could offer the same product in two different parts of the world without cannibalizing their own business, and it just seems like just eat people and the GRUB. Hope people have done the best job of monitoring in this space. I don't like a lot of what GRANDPA does. We talk about that adding restaurants that didn't choose to be. There is not a great practice. They're canceling your order. Not Telling you there's a lot they don't do right. But these two companies have made the most right moves and I like the economy of scale when they're in markets that don't compete. It's interesting, because I actually think uber blew it. Not that? This was going to be the deal. That fixes Uber. Everything we hear about Uber's business. Since, they became public was well. Look the the best part of their business. If you're just looking at the numbers is Uber Eats. So that was what the genesis of this deal was all along right? Where essentially doubling down Uber Heats. Shares of Ober selling off today down nearly ten percent so. I guess we will see in time if nothing else and I realized this is a very small thing. I'm glad that GRUB Hubble no longer be a standalone public company so that I don't have to hear their made up metric of average daily grubs. That's just one of those too cute by half metrics where it's like okay. Good the justice takeaway people they've. They've probably got their own metrics and we don't have to hear about the grubs anymore. Yeah I also WANNA see with. They need to figure out how to make more deliveries on the same trip, and that's economy of scale with restaurants like the. They should have a way to say hey, Dan, it's dinnertime. You usually order about now. Three people in your building just ordered from this place you've ordered from. If you order now, I'll give you ten percent off. There's gotta be an oh by the way if you can wait five more minutes for your delivery, we'll. We'll give you a little deal because we're going to deliver a package for CVs or whoever it is. They have to figure out how to get more trips..
"grubhub" Discussed on MarketFoolery
"It's Thursday June, eleventh, welcome to market foolery I'm Chris Hill. Joining me once again. It's Dan Klein. Good to see my friend. Oh very nice to see you. It's it's Pailin drum week here on market filler. We start the week with Dan Klein we've got some Jason. Moser in the middle and we ended the week with Dan. We're we're going to be talking about when I think about our stories. Today Dan it's almost like our version of deal or no deal. We've got some mergers and acquisitions. Or lack thereof to get to, but. I would have bought a briefcase with me. That absolutely would have been a fun way to do it. I don't actually own briefcase open. I could've gone out to get what. We're going to start with the market in general because you know as you and I are. Recording this around lunchtime. As in P Five, hundred down more than three percent. And you know this is one of those situations where you've got a combination of things going on part of it on the health front. Is a rise in Cova cases in in some. States west of the Mississippi but I have to believe part of this is. Jay Powell. The Chairman of the Federal Reserve the press conference. He gave late on Wednesday where he basically said in terms of the economy. This is gonNA. Take a while. And Maybe I shouldn't be confused by this Dan, but. I'm a little confused why? There are some people on Wall Street who are astonished by this. At least when you look at the way, the market is trading off today. It seems like there are some people on Wall Street. Who Just said? Wait what you mean. We're going to immediately bounce back from forty million people filing for unemployment, so let's normalize this a little bit. We had some crazy upswings last week because there was a tiny sliver of good news and people were allowed to get haircuts and. And go to restaurants, some limited capacities and everyone went. Oh good. The pandemic is over back to normal disneyworld to be full in a couple of weeks. We are good. That was never the reality. The reality was always that we're making a calculated decision that more people are going to risk exposure, and in some cases get infected, but we've decided that's worth the risk. We always knew this was going to happen that cases. We're going to go up exacerbating that here in Florida. Florida where people just aren't having a lot of regard for social distancing or mask wearing. Though I will say, that's not true at places like universal, studios or at Disney owned properties. Some places are doing it really well, but it's definitely true here in downtown West. Palm beach so the market is seeing these things and they're going. Oh, no, it's going to take longer than we thought to get back to normal. We always knew that restaurants operating at half capacity are not going. Going to be doing as well as when they can operate at full capacity, when a certain percentage of the population is afraid to leave their house correctly so here in Florida, where there's a lot of vulnerable older people, this is really just things that the.
Just Eat Takeaway to Acquire Grubhub for $7.3 Billion
"Just two months after taking over Britain's just eat for eight billion dollars the Dutch company Justin take aways agreed in all stock deal to buy grub hub in the U. S. the take of Israeli to complete in the first quarter of next year GrubHub it's finally did around five billion dollars the deal will give just the take away a platform in United States to take on uber uber incident had been trying to buy the grub hub as well
Just Eat Takeaway confirms it’s gobbling up Grubhub in a $7.3B deal
"Uber shares fell it was in takeover talks with grub hub within a Dutch meal delivery company confirmed it has been in talks to buy GrubHub panda after the bell just eat takeaway and GrubHub announced they have a
Amazon pauses police use of its facial recognition tech for a year
"Said it is banning use of facial recognition software by police for one. One year asking for a one year moratorium to give Congress enough time to implement appropriate rules. This is in the wake of the killing by police of George Floyd in Minneapolis,
"grubhub" Discussed on Bloomberg Radio New York
"S. based GrubHub a price tag on this deal seven point three billion and we also got word that Boeing is closing in on a milestone toward returning that beleaguered seven thirty seven Max to the commercial market later this month Boeing is intended to host U. S. regulators on a flight to test the jets upgraded system so some interesting developments but you like to be aware let's get to global sports Dan Schwartzman's with us Bayern Munich continuing to roll on it looks like yeah no question about it dug for the third straight year Bayern advancing to the final the DFB Paul Kelly two to one win over Eintracht Frankfurt at Ali ons arena Robert Levin dusky scoring the winner in the seventy fourth minute mark Barnes gonna face pilot since July fourth in the German Cup final that'll be in Berlin ESPN reported that Commerzbank arena in Frankfurt Germany is being looked at by your wife as a host for a mini roughly torment in August are you waive executive committee meeting on June seventeenth could see the venue be shifted from Gdansk Poland to Germany to Frankfort having better infrastructure to host all the club still alive in the tournament which was suspended in the quarter final stage some clubs that are still alive they include Manchester United inter Milan and Roma Roger Federer is going to miss the rest of two thousand twenty after the thirty eight year old posts on social media they have suffered a setback in his recovery from a February surgery on his right knee the twenty time grand slam winner says yet seven additional articles arthroscopic surgery recently that was due to a setback in his recovery ability Tatian Major League Baseball shortened draft has begun the first overall pick Detroit Tigers taken Spencer Torkelson a first baseman from Arizona state Baltimore drafting second they take HESTAN cursed at a right fielder from Arkansas Miami Marlins AT Max Meyer a right handed pitcher highly immersive Minnesota at pick number three NASCAR decided to ban all Confederate flags Mr Bentsen race tracks one after being asked to do so by driver Bubba Wallace along black full time driver on the racing circuit next race will be held Wednesday that'll be at Martinsville speedway in Virginia Tom the exports in that year Bloomberg world sports update thank you Doug all right thank you Dan we've got stability in the dollar after some weakness in New York trading we've got a much stronger yen here at one oh six ninety one and a weaker futures for the Nikkei we could see the cash market gap down by more than three hundred points at the top of the hour details coming up this is Bloomberg it's a stock market driver now they're starting to see a little bit of panic from policy makers it's a global political force how will this epidemic reshape it big tack in its relationship with Washington it's a virus this corona viruses in a global pandemic is that a safe haven and the facts matter the situation is so bad because of the fires that that.
Just Eat Takeaway in Talks to Acquire Grubhub
"Tried to pop for tech stocks shares of uber moved in reverse down as much as six percent following board it's likely abandoning its effort to acquire GrubHub on fears anti trust regulators would not allow it GrubHub still may merge though looking to gain a strong foothold in the U. S. European meal delivery delivery company just eat takeaway confirms it it's in advanced talks with GrubHub about a get
Grubhub Driver Charged After Woman Was Run Over During COVID-19 Dispute in Chicago
"Said Chicago police are now announcing the charges against a grub hub driver who they say ran into a woman with his car in a social distancing dispute outside a north side restaurant last Friday need a Tanner the owner of Mississippi's southern fried chicken in the thirty three hundred block of north Broadway she told ABC seven that the driver was upset that she made him wait outside the restaurant as part of her social distancing policy solutions one customer at a time until you know is the door and he said I'm not leaving this is for as long as the protector so he said I don't want to the woman's daughter was seriously injured now police have charged thirty year old Amir Muhammad of the west ranchers park neighborhood he's facing a number of charges including aggravated battery and leaving the scene of an
"grubhub" Discussed on The Journal.
"That's after the break.
"grubhub" Discussed on WNYC 93.9 FM
"Signed up for and city council passed this measure as I said to cap all third party delivery commissions at a temporary fifteen percent plus five percent on marketing contributions and other related fees so that equals twenty can you break down what these fees are actually for yes so I'm gonna use GrubHub as an example so just to be listed on GrubHub restaurants pay anywhere from fifteen to say twenty three percent GrubHub calls this a quote marketing fee and obviously the more you pay the more prominently you're listed on their site then if restaurants use the GrubHub delivery people that is an extra ten percent and then there are what's called crop credit card processing fees which range around three percent so you can see how that ends up adding up to you no more than thirty percent per order and restaurants were saying that you know pre Poveda it was okay if they were doing maybe five percent of their sales on deliveries and pickups but now that it's one hundred percent of what they're making they say they can't afford to give up more than thirty percent per order and you write about another level of fees citing GrubHub in particular you're right GrubHub tax on a fee anytime a customer calls a restaurant using the number displayed on its sites against GrubHub sites so what is the fee and doesn't apply every time a customer calls a restaurant even if they're just calling to check on the status of an order that they've already placed yes so this is a way GrubHub make sure that if you call using their site you know if you find a restaurant through their site and call through that number they're trying to make sure that they get a commission on any order that results from that right but I had one of the restaurant owners let me look at his grip on the count and I got to listen to a lot of those calls all of them had charges and I mean I reviewed on April third call where a customer just left a voicemail regarding and missing item from an order and that one minute and forty nine second call casa restaurant I need an extra eight dollars and forty six cents now this is a mistake and GrubHub admits to mistakes like that but it's up to the restaurant owner to find that mistake and then alert GrubHub to that charge so if a customer wants to avoid that but titular kind of thing when you because it might confuse people when they say if we if they called the restaurant through the app I mean the restaurant phone numbers the restaurant's phone number so is it if you're on your phone and you just click on the phone number on the GrubHub back and that starts you know the active dialing then GrubHub knows it but if you just go separately to your phone or to another phone and call the number then they don't take that cut so this is where it gets tricky and this is why GrubHub has come under fire so if you do it through the app you know that is a grub pub owned number I'm if you do it through Google sometimes and this happened to me a few weeks ago your Google restaurant and the first thing that pops up is actually a grub hub site but it's very hard to tell if it is or not so you have to be extra cautious to make sure it's actually the restaurant's website and not a grub pub site and actually last year an investigation by vice found that yelp was actually tricking customers into ordering through GrubHub owned phone numbers listed on the site in order to try to marketing fee because they had partnered with GrubHub soaps they don't make it easy for people so in a restaurant contracts with GrubHub then the restaurant gets a second phone number and it's that GrubHub phone number the customer doesn't know that yeah exactly so interesting let's take a phone call this is not an owner but a driver for the apps so we'll get that perspective as Alberto and Elizabeth is going to help us report this story Alberta thank you so much for calling in high Hey are you going to do about it I'm I'm I'm a driver four I I drive for uber eats and doordash and what you're talking about is it doesn't have to deal with what what I do but beat the the fees are the way they are for the delivery service not for the phone call and give the Dodgers for the delivery service because they have to pay the drivers the restaurants do not have drivers on their on their arms shall we do not pay for drivers but I think that advertising you know I'm not going to deliver full for three dollars you know it's it's kind of a luxury it's not you know needed to get the old people are ordering for they they a lot of the time they would never order from that restaurant if if not for over each other or door dash so the drivers like yourself have the right to make a decent living too may I ask how they pay you is it a percentage of the tab if it X. dollars per delivery how do they pay the drivers we get paid I think a percentage of the job and then and then chips so like usually every week at like five dollars six dollars sucks sometimes and then the and then the and then the which is which is reasonable you know to to do that five or six dollars is reasonable to deliver your food and then people trip on top of it and then sometimes the company gives us incentives during really busy times and they bring us a little more number thank you it's gonna it's gonna affect the drivers it's gonna affect you know they're not they're not going to deliver the food I guess thank you thank you for coming in with that and please call us again and so if we're looking at this from sort of a social justice standpoint Rebecca Ann who's being greedy and who's being cheap and who deserves what it's easy to rail at GrubHub or seamless or any of these companies for charging a lot on the other hand we want people like Alberto to be paid a decent wage yeah and so the city council had a niece initially proposed in this was before Kobe to a ten percent cap and the reason they lifted it to fifteen percent for deliveries was exactly because of that because they don't want to hurt the drivers right so if you don't use you know GrubHub drivers right now you don't have to pay that extra fee but if you do use them you pay ten percent well now you could you know proper could charge fifteen percent to use their delivery drivers so city council at least they said the fifteen percent cap is meant to help those drivers and is there any regulation in the city council bill to make sure that the drivers don't take another cut you know get diminished because of the cut on the company's you know what there is and and GrubHub has said and breeds and the other companies are saying you know the drivers are going to suffer the customers are going to suffer they haven't mentioned specifically house so they haven't said we're gonna cut pay or we're gonna cut tips but I mean there isn't really regulation protecting drivers in that case Jeremy in Manhattan you're on W. NYC hi Jeremy Hey how are you a woman avid a fan of your show and I own a bunch of restaurants in New York City and New York DC in Carolina and I use GrubHub all at all of them in New York they dominate the market and I can speak from host restaurateurs we pretty much hate the platform and the real soon various reasons one is you know when you get a bill at home for let's say a hundred dollars it in the worst case fifty dollars may go to GrubHub in some way some form or another whether it's for the delivery whether it's for the promotions whether it's for just the marketing free and marketing three no one has ever been able to explain to me what the difference in marketing fees if you pay whether you pay fifteen twenty thirty people pay more than thirty at times and it's supposed to promote your business and and change the way change the customer's behavior and you're supposed to get more but they can't tell you anything other than it'll help your business and SO that's one thing trying to get a rap I pay GrubHub thousands and thousands of dollars every single week for my group of restaurants were very small group and we're not delivery heavy in any of the markets for which GrubHub we still pay thousands my rap I think has literally like over a thousand accounts I can't get him on the phone for days and if there's a problem with a order gas doesn't like something for whatever reason it always resort back to the restaurant so it could be a hundred dollar order and they'll just say and we'll just take it off our bill arbitrarily will give the gas like a fifty percent discount and we won't get paid on it it's the craziest company in the world to complete monopoly and I think three city San Francisco Chicago New York in in New York you can't live without them I there's a restaurant on the Upper West Side of New was arrested on the Upper West Side eighty fifth in Columbus for about forty three years called Jackson Hole I'm sure a lot of people remember that restaurant Jackson Hole this group and they closed about five years ago and unbeknownst to me I want to cross the street saw the owner of the day they were packing up their stuff and I said you know I'm so shocked you guys are leaving and you know you guys were here before anybody and the guy told me flat out he said the delivery apps have put me out of business primarily the growth of and seamless knocked me out of business and I didn't even understand what he said I said it wasn't a landlord's wasn't all that new government K. restrictions in agencies in charges he said Jeremy it clearly was the apps and I didn't understand how much how what effect they were they had on our business at that stage of the game and now I do you know if we do a promotion with them say five dollars for your first time ordering not only do we pay the five dollars we pay GrubHub I'm at five dollars it isn't it's just absurd everything as a reporter on this story is there anything you want to ask John I'm yeah I mean I mean I'm wondering Jeremy if if this feat will actually help you you know if you don't use GrubHub delivery maybe Europe you could pay as low as five percent fee is this something that's going to help you in your restaurants you mean the city council it's going to make a big.
"grubhub" Discussed on WGN Radio
"Ninety four thousand one hundred ninety one cases including four thousand one hundred and seventy seven deaths in one hundred counties in the state GrubHub driver faces hit and run charges after an accident in the lake view neighborhood on Friday Chicago police say it happened outside miss T. southern fried chicken restaurant the driver gave himself up for a rest on Sunday morning owner Nita Tanner says after the driver arrived to pick up food he was told to wait outside to comply with social distancing she says he became angry drove off and hit her daughter Kelly my here all night long get all later today at about that's because it was like something out of the movie and it's actually saying one also and that daughter is in intensive care GrubHub says the driver's been removed from their roster and cooperating in the investigation there's been a data breach at the Illinois department of employment security more from WGN's James Sears it happened in the new system for processing unemployment claims for gig workers those are independent contractors and the self employed the governor's office says a glitch made some private information public for a short time investigators are working to figure out how it happened and how many people were affected the state hired outside contractors to build a new system which launched a week ago James Sears WGN news in his first interview since leaving the campaign trail Vermont senator Bernie Sanders lending support for another stimulus package offset the economic impact of covert nineteen more from A. B. C.'s mark remarks senator Sanders says he applauds the latest stimulus measure passed by the Democrat led house but says there should be an even greater effort to supplement lost paychecks for the tens of millions of Americans who are out of work you will continue to receive your paycheck and the other benefits which you had when you were on the job and when this crisis is over hopefully sooner than later you're just going to go back to work Republicans however have said the three trillion dollar stimulus plan is a non starter and far too expensive Markram Alard ABC news senator Chuck Schumer calling on the Federal Trade Commission stop corona virus scammers from the New York lawmaker during your Sunday briefing said scam artists coming out of the woodwork take advantage frighten Americans they must be punished by penalties much stiffer than what currently exists they send them a so called warning letter that has no comment consequences you can take this warning letter and rip it up and put it in the garbage we want them to find the heavy fines major automakers resume production the U. S. beginning Monday ABC's Brian Clark reports on how some employees at one plant in Illinois are feeling Ford's assembly plant on Chicago's south side will operate two shifts on Monday but some workers like Nick do heart are leery about all get cold nights any more legal minds are you know I got a solution Ford says it's worked with unions on enhanced safety measures for employees that include temperature checks and providing them with masks and safety shields del Santos as part of a group of workers who toward the plant last week I don't I'm not saying that but I don't think they've done a Knox United auto workers urging its members to closely follow these new precautions Brian Clark ABC news some residents on Chicago's northwest side stage protesters a church in the neighborhood health services more from WGN's Judy **** protesters say they are not here to harass church members they want to make it harder on them by taking all of the parking spaces around the building nobody ever since Donald we just want them to be respectful of each other on mobile suit police were on standby outside Metro praise international church of diversity in long Avenue they made no arrests the pastor made no apologies the residents say metro praise needs to protect their community that have some of the highest concentrations of covert nineteen in the entire state small businesses been struggling during the coronavirus closures however some essential store owners say they're trying to strike that balance of safety and keeping financially afloat in Castro valley California Linda Rourke the owner of Pete's hardware says her ninety four year old family business has at times needed to call law enforcement due to agitated customers refusing to comply with CDC guidelines we have people who have threatened us we've had to ask sheriffs to come by and the security checks we have people who are sad I'm gonna call my attorney WGN sports former Washington Redskins star dexter Manley hospitalized and receiving oxygen to treat breathing issues related to the coronavirus former defensive and tested positive for it on may second Manley helped Washington win two Super Bowl titles nine seasons with the team German soccer champion Bayern Munich beat union Berlin to nothing in its first game in more than two months as the German soccer leagues restart continues I'm Roger better shot Chicago's very own seven twenty WGN Walgreens is here for you this summer with shop online and pick.
Uber Seeking to Acquire Grubhub
"We had a little bit of movement on that uber GrubHub deal history you've ever GrubHub soared thirty dollars a share after reports came that uber wanted to bother him well now the report is that the two CEOs are talking directly and trying to negotiate a deal and the deal that's being floated out there is one point nine shares of uber for each share of GrubHub which would value GrubHub at about sixty
"grubhub" Discussed on MarketFoolery
"Flurry is our twitter handle. We get a question on twitter from Jonathan Brislin road. Big Fan of the podcast. Could you comment on the impact of Twi-? Leo's deal with epic on Tele Doc. What is this deal chasing? Good question an thanks for the question Jonathan. I think it is so epic is one of the nation's largest electric health record companies in Twi- Leo is a tech company that provides programmable videos among other things And so so ultimately epic in the middle of this pandemic has has decided that they wanted to build out a telehealth offering. And they're going to use TWI- Leo to to support that which I think makes a lot of sense totally is a good business. They provide a good good service and good products. They've obviously the numbers. The numbers show that in so I think it ultimately is a good thing. I understand why they're doing it at this point in time. Certainly this has hastened the adoption of of telehealth telemedicine In I think that you ultimately need to view competition is a good thing right. I mean it ups it ups the ante and it brings progress in so for me when I see something like this it more or less to me validates. What companies like. Todd held have been doing all along. I mean this is a massive massive market opportunity right the the the US healthcare expenditures as a percentage of GDP eighteen percents. I mean it just gives you a perspective of how much money is involved when it comes to just our domestic healthcare system alone in so this reminds me. I think it was Warren Buffett. Who brought up that? Innovators Imitators in idiots thing. Right do you recall that. Does this sound familiar? I tell but keep talking. I'll look at a pretty sure. It's buff who said you've got your you get your innovators. Your imitators in your eighty. And so what what? He's ultimate referring to companies out there that innovate that start. Something new and in bring progress. Then you got imitators to say. Hey that looks pretty good. Let's do it too and they get in there and they try to compete as well and then you've got the idiots who they're a little bit later to the game and just brings bad products and services. They don't really they don't really see it all the way through But I would say in this case. Teluk helped me certainly falls in the innovator space. They've been at this for a long time epic I I think that this is probably one of those imitator things where they see market opportunity in any valuable service that they can provide based on the information that they have through their electronic health records. So that's that's maybe an imitator thing I I certainly wouldn't call it an idiot thing at this point at least to me You know I think when you look at. This market is so large. It's not a market. Were one provider is just. GonNa be providing all I don't. I don't think anyone should look at healthcare. As a winner-take-all space dock is going to be one of the companies that helps spearhead this move towards virtual healthcare in helps scale healthcare. Which is I think. One of the biggest challenges we've been trying to overcome for a while and we've we've got some questions before in regard to during the a lot of video platforms are able to connect doctors with patients and those platforms might not normally be able to be able to be used in regulatory environments in that all revolves around hippo right the health insurance portability and Accountability Act of Nineteen Ninety. Six that ultimately is focused on data privacy and security first safeguarding medical information and actually hip has been suspended during this during the pandemic because this is essentially an emergency in we wanna be able to leverage every tool that we have to be able to connect with patients in care for as many people as we can so that is something that will phase out. But it's important to note that because they think the regulatory environment is it can be a barrier for a lot of these a lot of these companies. That are doing this kind of thing today. I believe that that epic here with with Tuli that would be hip a compliant ultimately based on what epic does but I think at the end of the day again tele. Doc has been at this for a while. And they've built a very comprehensive offering with a lot of different touch points in a lot of different markets and they've made some acquisitions along the way to build up his very comprehensive network In I think that gives them a great head start. I think it gives them a great advantage in being one of the innovators in the space. And I I don't think he can hold a it against epic at all for being for wanting to be one of the imitators. I think it's a good thing and hopefully it's able to save some lives in the process But ultimately I look at competition as a good thing and I think it spurs progress along and I think that ultimately these are the types of things that will make Tele Doc and and the virtual healthcare market even better years from now yes. Warren Buffett Unit. That the what he called. The progression of the three is the invaders. Then the imitators than the idiots well done sir thank you very much. Thanks for helping out today. Appreciate always happy to do it. Man Thanks for having me as always people in the program may have interests in the stocks they talk about in the Motley fool may have formal recommendations for or against so buyer stocks based solely on. What you're here. It's going to do it for this edition market flurry the shows mixed by Dan Boyd. I'm Chris thanks for listening we'll see..
"grubhub" Discussed on MarketFoolery
"I'm Chris and someone else was supposed to be on the show today and our before the show an hour for the time. We're supposed to start recording. That person said Hey. My Laptop is basically not working at all. And I'm not going to be able to help out. I said no problem. I put up the bat signal and Jason Moser. Who is in fact Batman answered so just being here a always a pleasure. Happy to help out in a pinch. We've got some earnings. We're going to dip into the full male bad. We're going to start with a story that actually broke yesterday afternoon after you and I had finished recording yesterday's Markets Hillary and that is uber. Making a bid for GRUB and shares of GRUB hub ended on Tuesday up nearly thirty percent down a little bit today but these conversations are ongoing before we get into the particulars. What what was your reaction when you saw that because mine was there are some acquisitions that in the moment you look at them and you think to yourself. Well that makes perfect sense for me. This isn't one of them. But what do you think? Well I don't know if it's something I would say makes perfect sense but I do see the connection there. I mean I certainly see why Uber would be thinking in this direction in and I think that for rub this this could be. Maybe the best way out. I mean the economics food delivery a really tough we've certainly seen that in grubs margins and financial since it's been a publicly traded company and in unfortunately it's not a market that really rewards exclusive relationships. I mean people are just looking to get their food from point. A. Point B. in restaurants. WanNa be able to do that and make sure they can rely on the partners that are delivering that food. So for me like I as I said this is not a market that rewards exclusive relationship so we saw for example when shake shack. Release their earnings here last week. They had exited an exclusive relationship. With GRUB HUB in. We're utilizing more partners. Uber eats be one of those from the restaurants perspective. You know they want to try and bring as many of those partners as they can as they can but it is it is it is. It is a market where you're certainly seeing consolidation. Almost needs to happen because otherwise it's going. It's going to be really difficult for a lot of players to be successful in space. You could see where maybe a couple of players could be successful successful in this space in. I think that with with Uber. We've always asked the question. How ARE THEY GONNA? Levers that network beyond just you know shuttling. People around in Uber eats is definitely one of the ways to do that. Uber eats is certainly performing pretty. Well I mean in in quarter one. They generated four point. Seven billion dollars in gross bookings that was up. Fifty fifty four percent from a year ago in revenues accelerating in that line of work take rates are accelerating as well so. I mean. They're seeing a lot of success for obvious reasons right now. I mean folks are are looking to have more food delivered But but I think with with GRUB HUB. This might just represent the best opportunity for the business and for shareholders because otherwise. They're going to be stuck in this perpetual battle for very very incremental prophets. Right I mean it. It is just not a super high margin business and you know for restaurants they delivery now more than ever So I think I think that will probably continue on for some time. But it's definitely a space where consolidation is starting to happen in. I actually could see grub hub in Uber getting together there in creating really a massive food delivery network that even really extends beyond restaurants right. I mean Breezes Inc Grocery for example they have I think what four thousand parts and thirty five countries with with Comey's car for for example at Cisco I mean they're leveraging that network in good ways and I think this is a sign of things that could a sign of things to come for Uber? That could be good. I mean it's obviously still hemorrhaging cash. And they're gonNA raise some more debt. It sounds like but if this is a deal that happens. It sounds like it'd be an all stock deal another kind of hemming and over the valuation. But I wouldn't be surprised to see this happen. It's funny. You mentioned that talking with our colleague Abby Malan and she's a grow up shareholder and she made it very clear to me. She's not interested in Uber Stock. She was happy to see the spike. In growth hub shares. She would much rather prefer this. Be A cash deal. Because she's not looking for Uber Stock. But it'll be interesting to say to see how the valuation shakes out here because right now with this spike and a little bit of a pullback today grubs valuation is five point three billion. They've said they would sell at evaluation of six point. One billion so that's another fifteen percent upside from. Where is here? It is and you know I mean. These companies will go through negotiations to try to figure out what makes the most sense and that's kind of Nice part about all stock transactions for the come from the company's perspective right. They're essentially just they don't have to dole out physical currency right. I mean shares are currency. But it's not really affecting their pocketbook. Investors are kind of the ones that potentially at screwed there and in. I do feel like Abbie. I agree with that. I'm not really interested in an Uber. Uber's stock today. I mean I think it's a fascinating business to follow. I'm cautiously optimistic. That they will be able to leverage that network overtime in do more things with it. But I think it's GonNa take a while in they clearly. It's GonNa take a long time for them to even achieve any meaningful profitability. So yeah I mean from from the company's perspective that all started you'll makes perfect sense from the investors perspective. Yes I'm a shareholder in this ends up happening then I get you know those. Those Uber Uber shares. For that deal. I probably would look at it going ahead and selling those uber shares and putting that money to work elsewhere. Because any way you put it I mean food deliveries just. It's just a really tough business. I mean we saw not all that long ago we're square on loaded the The caviar side of the business right I mean they. They dipped a toe in that market thinking that might be something complementary to their business. It turned out it really wasn't turns out. It's just really hard work. It wasn't something that lined up or leveraged their existing business to the degree they felt like made sense in so I think yeah I mean this kind of it makes me think a little bit of satellite radio in your head series. Xm and Yeah Sirius Radio and yet XM radio and then they merged to form the one big provider in that space. I mean I ultimately could could honestly see being just like a one or two really big providers in the space but time will tell. The container store came out with their fourth quarter report not surprisingly sales down the stock down twenty percent today and I understand it. Because don't have they're not wayfair. They're not built on an e commerce platform. And yet you know. I sorta shake my head because it's sympathy among other things because this is one of those times where people because they're spending time in their homes. They're looking more closely at their homes and doing the types of things in terms of renovation and improvement that in series should work out really well for the container store. Yeah you would figure I mean this is the dreaded pre-announced it's always a bit of a coin flip that I think with the container store is probably pretty easy to figure out. It wasn't going to be that great and I mean it's it's it's understandable. I mean everybody's kind of in the same boat at this point but I mean that said based on. It's its past performance. I mean this was a tough one to justify. Owning even in the best of times unfortunately they. They've had to close all of their stores. They are utilizing part of that store. Based curbside pickup and I will say one glimmer of hope here. Is that the beginning of fiscal twenty. Which started for the company on March? Twenty Ninth. They did not online customer. Orders have nearly quadrupled the level of the prior year. So that is good. I mean let's let's let's recognize. That's that's a ray of light there but the numbers are the numbers in I mean they. They have pulled guidance. Obviously com sales are remain challenged. I think the bigger question in regard to the container store at this point. It's about the balance sheet. I think it's about the liquidity here because if you look at the income statement their coverage ratios around to today and that's you know how many times you can do you. How many times you can put interest expense into operating profits and you want that number to be high and inference. The Canadians words really low at two in. It's reasonable to assume it's going to lower the balance sheet day. They are on sort of that cash conservation mode that shake shack mentioned recently in their earnings called. They're really having to figure out a way to play defense and by some time in. We're seeing more and more here along. This retail landscape we're seeing bankruptcies were seen as headlines. Start come up now. I'M NOT SAYING THAT THAT. The container store is headed for bankruptcy. But but we can definitely at least be having that conversation given what we know today in to your point about home renovation projects and this being kind of an ideal time. You're right is the problem. Is the store always been a little bit of a higher dollar offering it and I think that makes it a bit more challenging for them particularly when you have other concepts like Ikea out there that focus far more on that value side of the equation in obviously have bigger stores. I think of far more rats loyal following than something like the container store so a difficult stretch for the container store have a feeling. It's GonNa get more difficult but we'll have to wait and see before we get to the mailbag quick shadow to molecule which is re imagining the future of clean air starting with the air purifier..
Uber is discussing a takeover deal with Grubhub
"Uber. Making a bid for GRUB and shares of GRUB hub ended on Tuesday up nearly thirty percent down a little bit today but these conversations are ongoing before we get into the particulars. What what was your reaction when you saw that because mine was there are some acquisitions that in the moment you look at them and you think to yourself. Well that makes perfect sense for me. This isn't one of them. But what do you think? Well I don't know if it's something I would say makes perfect sense but I do see the connection there. I mean I certainly see why Uber would be thinking in this direction in and I think that for rub this this could be. Maybe the best way out. I mean the economics food delivery a really tough we've certainly seen that in grubs margins and financial since it's been a publicly traded company and in unfortunately it's not a market that really rewards exclusive relationships. I mean people are just looking to get their food from point. A. Point B. in restaurants. WanNa be able to do that and make sure they can rely on the partners that are delivering that food. So for me like I as I said this is not a market that rewards exclusive relationship so we saw for example when shake shack. Release their earnings here last week. They had exited an exclusive relationship. With GRUB HUB in. We're utilizing more partners. Uber eats be one of those from the restaurants perspective. You know they want to try and bring as many of those partners as they can as they can but it is it is it is. It is a market where you're certainly seeing consolidation. Almost needs to happen because otherwise it's going. It's going to be really difficult for a lot of players to be successful in space. You could see where maybe a couple of players could be successful successful in this space in. I think that with with Uber. We've always asked the question. How ARE THEY GONNA? Levers that network beyond just you know shuttling. People around in Uber eats is definitely one of the ways to do that. Uber eats is certainly performing pretty. Well I mean in in quarter one. They generated four point. Seven billion dollars in gross bookings that was up. Fifty fifty four percent from a year ago in revenues accelerating in that line of work take rates are accelerating as well so. I mean. They're seeing a lot of success for obvious reasons right now. I mean folks are are looking to have more food delivered But but I think with with GRUB HUB. This might just represent the best opportunity for the business and for shareholders because otherwise. They're going to be stuck in this perpetual battle for very very incremental prophets. Right I mean it. It is just not a super high margin business and you know for restaurants they delivery now more than ever So I think I think that will probably continue on for some time. But it's definitely a space where consolidation is starting to happen in. I actually could see grub hub in Uber getting together there in creating really a massive food delivery network that even really extends beyond restaurants right. I mean Breezes Inc Grocery for example they have I think what four thousand parts and thirty five countries with with Comey's car for for example at Cisco I mean they're leveraging that network in good ways and I think this is a sign of things that could a sign of things to come for Uber? That could be good. I mean it's obviously still hemorrhaging cash. And they're gonNA raise some more debt. It sounds like but if this is a deal that happens. It sounds like it'd be an all stock deal another kind of hemming and over the valuation. But I wouldn't be surprised to see this happen. It's funny. You mentioned that talking with our colleague Abby Malan and she's a grow up shareholder and she made it very clear to me. She's not interested in Uber Stock. She was happy to see the spike. In growth hub shares. She would much rather prefer this. Be A cash deal. Because she's not looking for Uber Stock. But it'll be interesting to say to see how the valuation shakes out here because right now with this spike and a little bit of a pullback today grubs valuation is five point three billion. They've said they would sell at evaluation of six point. One billion so that's another fifteen percent upside from. Where is here? It is and you know I mean. These companies will go through negotiations to try to figure out what makes the most sense and that's kind of Nice part about all stock transactions for the come from the company's perspective right. They're essentially just they don't have to dole out physical currency right. I mean shares are currency. But it's not really affecting their pocketbook. Investors are kind of the ones that potentially at screwed there and in. I do feel like Abbie. I agree with that. I'm not really interested in an Uber. Uber's stock today. I mean I think it's a fascinating business to follow. I'm cautiously optimistic. That they will be able to leverage that network overtime in do more things with it. But I think it's GonNa take a while in they clearly. It's GonNa take a long time for them to even achieve any meaningful profitability. So yeah I mean from from the company's perspective that all started you'll makes perfect sense from the investors perspective. Yes I'm a shareholder in this ends up happening then I get you know those. Those Uber Uber shares. For that deal. I probably would look at it going ahead and selling those uber shares and putting that money to work elsewhere. Because any way you put it I mean food deliveries just. It's just a really tough business. I mean we saw not all that long ago we're square on loaded the The caviar side of the business right I mean they. They dipped a toe in that market thinking that might be something complementary to their business. It turned out it really wasn't turns out. It's just really hard work. It wasn't something that lined up or leveraged their existing business to the degree they felt like made sense in so I think yeah I mean this kind of it makes me think a little bit of satellite radio in your head series. Xm and Yeah Sirius Radio and yet XM radio and then they merged to form the one big provider in that space. I mean I ultimately could could honestly see being just like a one or two really big providers in the space but time will tell.
Uber Technologies Makes Takeover Approach to Grubhub
"Was uber technologies bringing seven hundred fifty million dollars of bonds after reports that they were interested in buying grub hub and some people view this is a positive people were looking for consolidation in the food delivery space and sort of the scale being the key component to survival at the same time it also points to a world of hurt for uber as people just don't take cars anywhere anymore in the same way that they did before the pandemic Dave yeah that's it I mean you put it all together and you can understand you know why they would need to go to the markets and maybe even talk about how they figured that they would end the year with billions of dollars so wasn't like a distress situation at least from the way they present in the past as it has been with a lot of other companies then I'll just note uber's actually little changed at this point in light of the sale and grandpa which had quite the move yesterday was up twenty nine percent after we and others reported on the potential deal it's down about two and a half percent
Uber Technologies Makes Takeover Approach to Grubhub
"Uber and GrubHub are at odds over price in a possible takeover deal according to sources who spoke to CNBC uber is said to be in talks to acquire Chicago based GrubHub and combine the food delivery service with its uber eats business who were also filed to offer seven hundred fifty million in senior notes that would be doing twenty twenty
"grubhub" Discussed on WIBC 93.1FM
"To be the story Tony Katz ninety three WIBC good morning great to be with you uber eats clearly not making the money that they want to door dash is the larger competitors so buying GrubHub would give uber and the opportunity to drop over eats make it all the grub hub name N. continue to build on that opportunity now there have been some questions and conversations as more people been doing you know very kind of stuff whether or not doordash or GrubHub or well for lack of better word worth it right what they cost the delivery fees and everything else doesn't make doesn't make sense I'm I would assume is that if people are willing to pay for the convenience of the delivery then it indeed makes sense because I think the other thing that you pay for is having everything laid out right there for you seeing all the restaurants that you like and then being able to make choices from there right you don't have to go searching from website to website it's just boom box and done I assume that's what people like about it mate maybe there's something else that I understand but I think that people are willing to pay to have everything laid out for them and then it never have to leave their houses again I think this is what people are you willing to pay for now we've been talking about the body cameras that are coming to the I am PT this after the the shooting of sun read by I am PT I know the family says that this was improper in this is us is horrible and justice must be done in the lawyer saying that they've got evidence well I would love to hear it I would love to hear it and and if I could get them to come on the air I'm great I would love to have a conversation what evidence do you have we've got the story at W. I. B. C. dot com Chris Davis news director doing the reporting that the family is saying we have substantial information to proceed in court if we wanted to at this point we're not going to do that we're still trying to gather more information I don't know what that means I honestly don't know what that means there's gonna be investigation of Lee from the FBI into the shooting I will not forget that Sean Reid with driving a radically as seen by the chief of police he then did not stop he then ran there was a taser and then shots were fired between police and sundry body cameras would certainly help body cameras would definitely help I think that Indianapolis wants a more gonna see them the sun read story is nothing like the odd man armory story in Georgia nothing no comparison can be made and to try to is foolhardy there's another story that hasn't gotten much attention at a little came across the story yesterday isn't E. M. T. who was shot and killed in her home here's how the story goes mobile police had a warrant serving a search warrant as part of a narcotics investigation as The Washington Post describes it the officers come in do not announce themselves literally start shooting this woman's boyfriend who had a license according to reporting his firearm shoots back you think there's an intruder in the house it's a cop in the leg he has now been charged with shooting a police officer the employee her name is Brianna Taylor she's dead now the part of the story is that that matters is that V. warrants for drug there were no drugs there were absolutely no drugs out on the scene and supposedly is that the person that they were looking for had already been taken into custody before they even began exercising the search warrant now this is not a case that is racial as I see it even though brown Taylor and and Mister Walker are both black that's not the story the story here is going to be a question of Lisa action which is to say nobody's knocking on a door first you knock on the door they get to flush the drugs down to others is that the army no announcing yourself according to reports of more than twenty shots as in years walked in the door and started shooting now there's many more this investigation we might get more information but holy cow and a guy who has who has a firearm is home here's somebody breaking in and shots fired and then fires back that guy's gonna get charged with a crime aha I got real problems all over the place we have three different stories here Indianapolis lavone and there in Georgia Brunswick Georgia the three different stories they're not all connected it's not all well you see the person involved is black that's not the story the details always matter sometimes the details tell you something you don't want to hear in all sorts of directions we're not gonna be the people afraid to hear I'm Tony Katz the National Hockey League Major League Baseball or the Tokyo Olympic Games well we without no choice but to postpone the games get the only game.
Uber approaches Grubhub with acquisition offer
"Rob might get swallowed by uber the Wall Street journal says the deal will create a clear market leader in the burgeoning food delivery business sources say uber approach probably the takeover offer earlier this year the two sides have been talking ever since shares of GrubHub rose about thirty percent in
"grubhub" Discussed on KNX 1070 NEWSRADIO
"Well a couple of stocks are popping this morning namely grub hub and uber looks like shares of GrubHub shooting up thirty six percent now on a Bloomberg report this is over those interested in applying GrubHub interested in acquiring the food delivery company shares were temporarily halted in the session shares of GrubHub were halted but have since resumed trading and now up to thirty six percent the report said that uber and GrubHub are in deal talks might reach an agreement as early as this month and the overseers of about seven percent on that news as well the ride hailing company of course is seeing growth in its over eats food delivery division even as the coronavirus crisis is pressured its rides business so we were on a roll here at the moment and so it's GrubHub on that report the overall market's been bouncing around and that right now we turn lower here with the Dow down a hundred twenty two points were pretty much at the lowest levels we've seen so far today on the on going concerns about economies re opening in the face of the health concerns out there of the nasdaq is down eleven points and the S. and P. five hundred down seventeen the nasdaq has been on a roll lately has actually moved into positive territory here today on the inflation front delt the government says don't worry about it prices down point eight percent in the month of April as the price of gas has plunged we check the money of twenty fifty each hour the next update at ten fifteen Franco tech from the age of his capital money desk can extend seventy news radio this is election day for some southern California residents will tell you more about that coming up in just about ninety seconds it's ten twenty.
"grubhub" Discussed on 90.3 KAZU
"Those are commercials from GrubHub public's Fareway stores remax and Sam song they were compiled by YouTube user Microsoft Sam in a video called rather appropriately every cove in nineteen commercial is exactly the same the company's mention these uncertain unprecedented times they tell us that they're here for us we're all in this together why are all these companies using similar sounding music Steve well Hey you know the the sounds of comfort if you will that that piano the tempo the legado the way that the notes arc connected all invoke a sense of comfort of warmth of being taken care of I think what's problematic is that so many brands are trying to you know change their messaging this way someone commented to me the other day while I never realized that there are so many brands that care about me because how many brands have we not heard from and all of a sudden our in boxes our field full of in this time of crisis so I think there's a sensitivity brands need to continually walk the talk instead of just changing their voice to suit a moment because that can be really off putting and just in like thirty seconds or so Russia is that something you worry about a MasterCard repetitiveness that all I have to definitely be concerned or that a predictive aspect is prevailing and not to fall into the same trap saps your TV already acutely aware offered at conscious offered that's Roger Roger Minard chief marketing and communications officer for MasterCard and Steve teller at sonic strategy director at Pandora thanks so much to you both thank you thank you and remember our design week continues tomorrow with the conversation about clothing and gender you can send us your stories eight five five two three six one a one.
"grubhub" Discussed on KLBJ 590AM
"Even placed replace restaurants phone numbers and then build them for marketing fees so how did this out for delivery psych end up on line in the first place well GrubHub again adding high demand restaurants to what's planned for months ago to give restaurant owners a shot at earning more revenue but never actually asked the owners in the first place so they're basically trying to use their good name kind of high jacking the good name their good name GrubHub center restaurant owners can contact the company to remove from the platform and it according to this restaurant over there in San Francisco she'd rather call her lawyer instead of calling GrubHub it's pretty interesting there a lot of restaurants that don't deal in food deliveries but there are none of the company that may be set up to deliver that food they may actually pretend to wrapped up to represent your restaurant and basically trying to work deals to deliver food that will pick it up and then they'll deliver it interesting but no you're not officially and the delivery business you might not want your food delivered I mean there's some restaurants that don't want their food delivered because they're concerned about the quality of the food when it gets to the aids it's usually a different deal it's usually completely different meal would instantly route or you go up even pick it up yourself by the time you got it home it's really not the same it's not as hot snows fresh right the the the you know it do all the chemical things that happen with a a meal whatever that is so I can I can understand why a lot of restaurants would never never would rather not have themselves represented in that way that whole yelp that whole yelp thing is it just seems it seems weird to me this is sort of like a dangerous it's like you're forced to pay for protection yeah you know what I mean right that just seems weird in in on American it seems it borders on on shady business listen to and the restaurant business is not the only business hours talking to a a garage door company yeah the day who is dealing with the same kind of thing with someone another company online basically that's trying to use their good name and all these tricks that divert them will divert the that you know that the Google search or whatever right over to this other place right which is you know kind of maybe using something that this kind of close to the name that the the folks that they thought they were using and it's a constant battle yes string once that battle I mean think about it if let's say you won't don's burger shop it's a good burger by the way well I would be because I know what I'm doing right and don's murder shop and you got a you know a you know your own recipe but somebody opens up down the street Hans Berger shopping is doing the very same thing sure exactly might follow suit absolutely and it you know then I know I'm a broken record when it comes to this but I'm a broken record on a lot of things but I'm gonna say it again bring it and another the soldier tell you Todd but it's another example of how with all the convenience all the speed all of the world changing aspects to the internet also an and another example here of how it's also made us so much less.
"grubhub" Discussed on MAD MONEY W/ JIM CRAMER
"Never topped the show. I talk about the unless unless this had happened. But one of the things that didn't like to see where bank stocks getting hit today. Now we've made it through the biggest port of the pank earning season so what I WANNA do is circle back to something unusual while the big nationals deliver pretty good numbers for the most part. The smaller regionals reported fairly mixed results across the board with one big exception. One of our phase first horizon national the Tennessee based regional bank. It's slowly but surely turn itself into a powerhouse. In the fastest growing area of the country the southeast not like did I rise and pushed trump and better than sales and earnings. Their major source of strength was the non-cyclical side the business like fixed income capital markets and other services. It was remarkable. Course questions can keep liberty. Let's check in with Brian Jordan. The chairman President and CEO of first rising. Let's get a better sense of these results. And where's he's headed Mr Jordan. Welcome back to money thank you. It's good to be back all right Brian. This was just another the very solid quarter and I thought the most important thing from the perspective of the analysts is something called the net interest margin. A lot of companies saw compression because of the decline in rates. How can you didn't see that well? We were started really leave in the fall of last year. We started recognizing the trend was gonNA continue with lower rates and we were very aggressive in the way we worked at ensure that our deposit cost did not get out of control and we work very very hard to control the asset side of the balance sheet as well as you if you looked underneath the covers. You'd say that loan yields went down and that's what you'd expect when interest rate particularly liable more driven by fed funds declined but by working on both sides of the balance sheet. We're able to moderate a substantial portion of the impact. I'm just so people know the the other big banks weren't able to and their stocks have now come off and say reporters people worried about this. You also did something monumental. Didn't acquisition hasn't closed yet. You bought a bank. Thank God waiting for someone to buy. Because I think it's a bank that has a lot of power potential but just hasn't been able to pull it off yet even though I know you like them I rise isn't buying Iberia Bank to become maybe the most important bank in the southeastern together. So you've got a slide says I rise and appearing. Iberia might better better together. Tell me what makes them better together. Absolutely we're very very excited about that. Potential merger vehicles were in the process of as you say getting regulatory approvals but we put the two organizations together we will have a powerhouse footprint. All across the south will be eleven states. If you look at projected household growth rate our footprint Oughta grow on average about twenty five percent faster than the US as a whole the thing. That's it's really exciting about it. Is We have business. Models that are very very similar our people go to market and and almost identically the same way they approach customers and communities and a very similar fashion to us and so as we look at it. We're not going to. We don't think we're going to miss a beat in terms of serving in our customers and our communities and we're going to bring to our bankers and our customers more products and services which should make life better for everybody so we're excited about it. The two will be better together in the sense that we can invest in more products and more services across a broader customer base long-term with a bigger balance-sheet. I think to Unsung markets Tennessee which is absolutely on fire for both corporations and for homes. A lot of people. Coming from in New York City relocating Tennessee because the taxes and Louisiana because of the amazing world gas market maybe not flying but the amount of infrastructure structure being billed as probably the most in the country will you be able to take advantage of all that incredible manufacturing plastic all the development of Ellen g when you move you to Louisiana yes we will. We will bring a brawl diverse customer of products that to our customers. And we'll do it with a bigger balance sheet so we'll have bigger hold positions and we'll have the ability to to continue invest in product. We also open up in in that. Merger markets markets like Dallas and Atlanta will be twelve billion dollar bank in Florida. So we're opening up some very attractive high growth markets you take New Orleans Louisiana and oil and gas in Houston Dallas and you take the high growth in Atlanta and south Florida. We're very excited. What about the footprint and the product set where we think will be competitive with the largest banks in the country and we believe that will continue to be able to differentiate our products services by looking and feeling like a community based organization to our customers? Now typically you and I had not had to talk about politics but there is a. There's election coming up Palmer. Come up the some of the people and Democrat Party are doing very well. They are not exactly. The banking industry's friend. Do we need to worry at something that you look over and say that can't happen. Well I don't think it's anything into worry about yet. I'm I'm not particularly worried. I think that the the work that was put in place around regulation that came out of dodd-frank. Odd Frank is is still working. Its Way through the system and I think if you look at the Banking Industry today everything from stress testing capital levels to How we manage our businesses report risk and monitor risk is significantly better than it was ten years ago so I think while that may be a talking king point on the on the political stump I think from a practical perspective? The regulatory bodies the Fed the FDIC THE OCC state. Regulators have taken the framework of dodd frank and created a much safer sound banking system. So I think what we have the next test in an economic economic downturn. I expect that the financial services industry is going to do quite well. I totally agree with you and with your bank which I know is done such a great job in his so straight great shooting. WanNa thank Brian Jordan. He's chairman President CEO. I arrived in Fhm. Great job again sir. Good to see you. Thank you. Low risk risk. Good growing over time. I don't know.
"grubhub" Discussed on MarketFoolery
"It's Tuesday October twenty ninth market flory. I'm Chris L. Joining me in studio from Font it's Bill Barker thanks for being here Thanks for having me if you like eating at restaurants or having food delivered to you we've got to stocks in those categories I would just add parenthetically they are going very much it looks to me like a speed bump but you looked at more closely than I did they why would you assume that the well I'll tell you why they were light on earnings everything else was essentially as expected you're not giving yourself enough credit look at you revealing how closely you've looked at it already I don't want for one second for anyone listening to this podcast to think for one second than I'm an analyst over the years I've gotten that comment from Tundra your financial analyst no I'm not I'm really not what do you call yourself at parties I don't really go to parties let's get back alphabet third quarter this this did look like they missed on earnings everything else revenue was was sort of in line with expectations the different divisions seem to be performing about as expected they didn't really do anything radical to the guidance and so that's why I look at this and say Okay Yeah I get why the stock is down to percent for a company and a business that has otherwise been crushing it for the last fifteen years yeah I was up two percent yesterday down two percent today oh I think that it's up about five percent over the last month it's a little bit of a I I dunno taking some profits kind of move rather than a Oh my God there's something we didn't see here kind of move it continuing to grow sort of mid teens which is awfully impressive top blind growth was up seventeen point five percent year every year So you know I it continues to be an incredibly large company growing faster than you could really have hoped for well one way the companies grow is direct precision and shares of Fitbit or up thirty percents since Monday morning on reports that both bid and Eh are not commenting on that alphabet is going to buy Fitbit Ruth Poor at the CFO at alphabet was asked about this and declined to comment no reason she necessarily needed to although it's always nice when executives comment on things certainly alphabet has the money and for a while now I've been sort of throwing out there about fitbit that you don't get a cut the goose through for putting this one together you know I don't like to comment on I'm GonNa live pulling up pulling the poor out I'm GonNa declined comment on that I mean if it has a some level of brand equity there's a basic interface that has led to some level of success there is some value to fit bit for a couple of years now it is looked like at the right price someone with deep pockets would come along and make them some type of offer and the reports from Reuters and other news agencies are to be believed that has happened and it just hasn't been formalized announced yet yeah I think that it makes sense on the level of Google being a sort of serial acquirer of of ways to developer first of all but also ways to get personalized data and then monetize it and Fitbit is in the business of collecting personalized data on on you ever ever used one a fitbit now well if you did then there'd be all sorts of data about you captured and The question is whether you want Google to capture it you do because you're an adviser on this one and therefore you've got a stake in it or at least you've got some mental stake in it is suggested this therefore it must be a good idea look any reports of my having dinner with fitbit executives earlier this year are and then later in the year executives alphabet there those are rumors and I'm not gonNa comment on them well so if it goes this direction and as you say Google certainly got the money to do what they put a fair amount of money in the last quarter to share buybacks which is in a sense the absence of of an idea of what to do with your money and they are not technical or typically you know running out of ideas oh I think they are likely I certainly the market is getting this giving this report credibility in terms of the likelihood last hang on this topic and then we'll move on right now and this is obviously after a thirty percent rise fits market cap is just under one point five Leeann dollars let's assume that this deal goes through and maybe there's even a slight premium to what we're seeing today so I don't know L. at one point six one point seven billion how confident are we that alphabet is going to make more of this acquisition than they made of say the Youtube acquisition that they made back in two thousand six two thousand seven for which they paid roughly the same amount of money if memory serves me correct ed believe they paid one point six billion dollars for Youtube and all they did with that is turn it into the second biggest search engine the United States well I would bet that they will never come close in terms of value creation to youtube because that's a that's a tough standard and also just if you were to compare hey what do you put more faith in people taking care of their health or people sitting around and watching stuff just I is a just as a proposition right I'm going to bet on the ladder GonNa bet on the ladder and Google wisely bet on the ladder Now it's not to say that people aren't spending money taking care of themselves and aren't interested in how to take care of themselves better but you know I think that Youtube serves more of the less surged that people are prone to let's move on to Grub hub Third Quarter and come inside and guidance is for Grub hub. I'm GonNa just use the word disaster because that's what's happening to Grub stock today. Their sales were weak their guidance for the fourth order was somewhere on the range of disappointing to terrible and shares of Grub the last time I checked were down forty three percent point yeah there was no good info is good no no good news for owners of of growth hub here and the petition continues it continues to drive down prices it continues to drive up costs and it continues to erode market share for hub and I think that of the many questions it can be asked about Grub is are you sure that you can convey how you or helping to businesses you partner with and and that really is not coming through on any of their you know calls they they have started out with a pretty high price for the delivery service and that is eroding through competition and restaurants are not making enough money on the for mental meals that they're needing produced to serve What grub hub is able to provide in terms of possibly new customers awesome just customers that are there for not going to the restaurant and if they're not going to the restaurant they're not there may be eating the same amount of food but they're not purchasing alcohol and that's where as as as you know that's that's where restaurants make all their money I'm reminded as I'm just saying that because you know so much not colluding not always my go to move when I go to restaurant minded of sort of what's playing out now with delivery services is what we saw someone analogous to what we saw layout with credit card companies and restaurants over the last twenty five thirty years where our American Express charged a bit more four and with the rise of visa and mastercard taking a smaller cut from restaurants for their transactions they became more a more popular choice so whereas American Express card was very much a status symbol and I'm sure some would argue on some level may still be In terms of have restaurants and increasingly retailers as visa and MasterCard became more ubiquitous they basically went to American Express and said we're not we're not interested in paying you more for transaction costs and so we're no longer accepting your card yeah I think that is that is true in overtime the price will find itself for what the service that crop up is actually bringing he is and in you know in that vein what Grub pointed to call and has been highlighted in more than one article that I've seen is that GRUB referred to consumers as being more promiscuous yes with their choice of food delivery services implying Eh that they understood that there was a monogamous relationship that they had with customers so this is in the letter to comment from it it is attributed to CEO Matt Maloney we believe online diners are becoming more promiscuous and let me just suggest that either they were trying to be a little cheeky with the humor there to try and soften the blow of this abysmal report or on some level they actually believed that they believed value proposition that they were offering restaurants and diners was Selamat acing that they thought well once you once you try us you're never gonNA do door dash or anyone else that and by the way with of those are bad ideas going for the humor or actually deluding yourself into thinking in twenty nineteen when consumers have more choice than ever before someone is going to quote unquote get married to Grub hub well okay as to using humor in that being a bad idea the you may be correct in that that draws attention to itself and I think you know we we are guilty not of trying to use humor to lighten up situations or to you know cover the fact when we don't know what we're talking about is just go to humor right and I think that in this particular case it's the combination I think of humor and the word promiscuous which connotes really sex right yes yes that's what grabs attention well let me go back to something you just said which is using humor to cover the in fact we don't know what's going just use non sexual humor high say time do better communications team at Grub because it ends up not being worth the you know the quality laugh perhaps they got some laughs on the call when they used that but here they are stuck with us talking about this rather than the business although they want us talking about the business today either the other point that you had brought up is they may believe and I think that is part of the business plan hey how do we get people to really be married to our business and to not use the competition how do we create brand loyalty how do we stop people from going anywhere else and if we can do that then we're going to have a great business and today they found they cannot do that and the reality probably is that people will it's just an APP on their phone they don't have that much loyalty to grub versus Jordache versus ubereats you know the person bringing the food to them as always gonna be somebody different than the last time so they don't have a personal connection they do with the end restaurant but they're not going to have it with with.
"grubhub" Discussed on 10 10 WINS
"GrubHub door dash or post mates delivery available in selected areas see subway dot com slash delivers for details I'm Karen Stewart your next reports eleven a one on ten ten wins now the ten ten wins accu weather for day forecast here's meteorologist dean devore and all right we're warming it up today and in the mid eighties on the thermometer real feel temperatures get into the low nineties it looks like I think the city is thunderstorm free till we get into the night but we may start to pop something off north and west of the city this afternoon Dave Samuel keep an eye on that so check back in as we go through the day here on ten ten wins shower thunderstorm into the overnight hours as we drop down to sixty nine to Mars not as warm but still humid very mounts clouds couple showers and a thunderstorm we stay in the upper seventies and a lot of places Friday Susan are going to stay in the sixties cooler less humid will turn out mostly sunny back into the upper seventies with a shower thunderstorm possible Saturday and then warming up in the low eighties with less humidity on Sunday seventy four heading up to eighty seven today accu weather meteorologist Steve devore honor York's weather station ten ten with. when news time ten fifty three a new poll is looking at hypothetical match ups in the twenty twenty presidential race cars one Karen Travers tells us it's not looking good for the president key number in the new ABC news Washington post poll former vice president Joe Biden leads president trump among independents by seventeen points fifty two to thirty five that's driven by a wide by the lead among that critical voting group independent women that number is sixty three twenty six in favor of biotin this is a group the Democrats say was critical for their success in last year's mid term elections and they say will be a big focus campaign out reach over the next fourteen months. but it's not only the former vice president Bernie Sanders leads Donald Trump by twelve points up from six in July Elizabeth Warren is eleven point to head Kamel Harris ten people to judge six the latest chapter in the tale of two cities finds it's getting worse according to the conservative think tank the Manhattan institute the income inequality gap between New York city's richest and poorest has remained basically the same since mayor to Baguio took office in twenty fourteen closing that gap was a centerpiece of his campaign his spokesperson says the report does not show the full picture of gains which she notes includes being on track to pull eight hundred thousand people out of poverty by twenty twenty five the school district in anchorage Alaska says it will not tolerate discrimination and that includes body shape high schools were swimmer was disqualified for wearing a swimsuit that exposed to much of her rear end in a statement.