Uber-Waymo partnership, grocery prices: Asking a trend

On today's episode of Asking for a Trend, host Josh Lipton breaks down the biggest stories and trends of the trading week.

Uber ( UBER ) has expanded its partnership with Waymo — a subsidiary of Alphabet ( GOOG , GOOGL ) — to offer driverless rides in Atlanta and Austin as early as 2025. Carnegie Mellon University associate professor Phil Koopman notes the significance of Waymo's progress: “The question is what kind of growing pains they will have as they start operating in new cities.” While many investors are enthusiastic about robotaxis, he doubts its sustainability as a business model, explaining, “I have trouble seeing robotaxis as a business model because it's a cheap ride to hell and the technology is really sophisticated, expensive. It needs a lot of support.”

The Federal Trade Commission is trying to block Michael Kors holding company Capri Holdings' ( CPRI ) acquisition of Tapestry ( TPR ). Pauline Brown, author of “Aesthetic Intelligence” and former LVMH (LVMUY) chairman discusses the designer retail market and the FTC's actions. He also breaks down the resale market for designer goods because some items sell for less in Europe than in China, allowing resellers to profit from the gap.

Yahoo Finance Senior Reporter Alexandra Cannell breaks down her top takeaways from the trading week, and Market Domination host Julie Hyman breaks down grocery shopping expectations by various income brackets.

For more expert insights and the latest market action, click here to watch this full episode of Asking a Trend

This post was written by Melanie Riehl