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NEW YORK (AP) — Uber shares sunk even further after its disappointing stock market debut as doubts lingered over the company's ability to turn a profit and trade tensions dragged down the overall market.The ride-hailing giant's stock fell 10% and hovered around Monday afternoon on Uber's first full day of trading.The mounting losses followed Uber's disappointing initial public offering. On Friday, it took a 7 million hit — the largest loss on the first day of trading by a U.S.-based company in recent history, according to Renaissance Capital.Uber's earliest investors are still making money off the IPO, but "for late-round investors, it's possible by the time they exit they will end up with a loss," said Jay Ritter, finance professor at the University of South Florida.Among the recent big investors — and perhaps losers — is PayPal, which had disclosed plans to buy 0 million in Uber stock at the IPO price of .Uber has had no trouble convincing venture capitalists to pour money into its earlier funding rounds, but with its unclear path to profitability, it's having a more difficult time with Wall Street investors."It's clearly a high-risk, high-reward scenario. You're betting on something that may happen 10 years down the road," said Matt Kennedy, senior IPO market strategist at Renaissance Capital, a manager of IPO exchange traded funds. "Public investors are looking at profits and not seeing any, and the company's growth in the last quarter was relatively strong, but I don't think it blew anyone away."Uber's main U.S. rival, Lyft, is in a similar spiral. Its stock was trading below on Friday, down 33% from its IPO price of .It's rare to see shares in a tech company hit so hard upon going public. Over the past five years, just 10% of similar companies finished their first day of trading below their IPO price, Kennedy said.Uber's revenue last year surged 42% to .3 billion, but the company admits it could be years before it turns a profit. 2000

NEW YORK — A Manhattan prosecutor trying to get President Donald Trump’s tax returns told a judge that he was justified in demanding them, citing public reports of “extensive and protracted criminal conduct at the Trump Organization.” Trump’s lawyers last month said the grand jury subpoena for the tax returns was issued in bad faith and amounted to harassment of the president. Manhattan District Attorney District Attorney Cyrus R. Vance, Jr., is seeking eight years of the Republican president’s personal and corporate tax records, but has disclosed little about what prompted him to request the records, other than part of the investigation is related to payoffs made to women to keep them quiet about alleged affairs with Trump. 742

New York, Connecticut and New Jersey asked Wednesday for travelers from states with high coronavirus infection rates to go into quarantine for 14 days in a bid to preserve hard-fought gains as caseloads rise elsewhere in the country.“We now have to make sure the rates continue to drop,” New York Gov. Andrew Cuomo said Wednesday at a briefing in New York City, joined via video by Govs. Phil Murphy of New Jersey and Ned Lamont of Connecticut, both fellow Democrats. “We also have to make sure the virus doesn’t come on a plane again.”What was presented as a “travel advisory” that starts Thursday affects three adjacent Northeastern states that managed to check the spread of the virus this spring as New York City became a hot spot for the pandemic.Travelers from more than a half-dozen states, including Florida and Texas, are currently impacted. The quarantine will last two weeks from the time of last contact within the identified state.The announcement comes as summer travel to the states’ beaches, parks and other attractions — not to mention New York City — would normally swing into high gear.It also marks a flip-flop in the COVID-19 battle since March, when Florida Gov. Ron DeSantis and Texas Gov. Greg Abbott, both Republicans, separately issued orders requiring people flying in from the New York tri-state area, where cases were surging, to quarantine for 14 days.Now, Florida and Texas are among the struggling states being eyed warily by the three northern governors.“As Governor DeSantis said on Saturday, Governors have a prerogative to do what they need to do,” press secretary Cody McCloud said. “He just asks that Floridians not be quarantined in the nursing homes in New York.”Murphy called a quarantine the smart thing.“We have taken our people, the three of us, these three states, to hell and back,” Murphy said. “The last thing we need to do right now is subject our folks to another round.”The states will relay the quarantine message on highways, at airports, and through websites and social media. Lamont signed an executive order on Wednesday evening requiring such messages be posted at all major points of entry into the state and at the state’s airports. He said the governors plan to also ask hotels and vacation rental companies to tell guests from affected states.Lamont’s order also allows the state’s public health commissioner to make exceptions for essential workers and for “other extraordinary circumstances” when a quarantine is not possible.Enforcement will vary by state. The Cuomo administration said violators in New York will be subject to mandatory quarantine and face fines from ,000 to ,000. Violators could be discovered at business meetings or during a traffic stop, he said.It was not clear what, if any, penalties violators in New Jersey and Connecticut will face.Lamont described the quarantine as “urgent guidance.” Murphy called it a “strong advisory ... to do the right thing.”The quarantine applies to people coming from states with a positive test rate higher than 10 per 100,000 residents on a seven-day average, or with a 10% or higher positivity rate over seven days.As of Wednesday, states over the threshold were Alabama, Arkansas, Arizona, Florida, North Carolina, South Carolina, Washington, Utah and Texas, Cuomo said.Washington Gov. Jay Inslee said later Wednesday that his state was erroneously included on the list.A spokeswoman for Cuomo, Caitlin Girouard, said there had been an initial discrepancy with Washington’s reporting, but “they have since corrected it and we have removed them from the list of states under travel advisory.”The order appears to apply to President Donald Trump, who was in Arizona on Tuesday and is slated to go to Bedminster, New Jersey, this weekend.White House spokesman Judd Deere said in an email Wednesday that standard procedures were in place in Arizona to ensure the president did not come into contact with anyone who was symptomatic or had not been tested.“It could come back and we can have a second wave arriving by jet airplane a second time,” Lamont said. “And right now, they wouldn’t necessarily be coming from China. They could be coming from one of six or seven or eight states that have a very high positivity rate.”___Contributing to this report were Associated Press writers Marina Villeneuve in Albany, N.Y.; Susan Haigh in Hartford, Connecticut; and Mike Catalini in Trenton, N.J. 4421

NEW YORK CITY — The co-owner of a Staten Island bar that continues to flout local coronavirus restrictions was arrested again early Sunday morning after allegedly hitting a sheriff's deputy with his vehicle, officials said.After a night of surveillance at Mac's Public House, two uniformed deputy sheriffs approached Daniel Presti, 34, just after midnight to place him under arrest, but he ran from the officers, got into his vehicle and began to drive away, according to the sheriff's office.Presti allegedly drove into one of the uniformed deputies, officials said. The deputy was thrown onto the hood of the vehicle and Presti reportedly continued to drive down South Railroad Avenue with the injured deputy still clinging to the hood of the car.,Presti drove about 100 yards before stopping his vehicle, officials said. He was arrested and taken to a police precinct, where he is expected to be charged.The deputy sheriff who was struck by the vehicle was taken to Staten Island University Hospital for treatment, officials said.The car crash was the latest incident surrounding the controversial Staten Island bar — which has garnered national attention and was even spoofed on Saturday Night Live over the weekend.Presti was also taken into custody by deputy sheriffs on Tuesday after an investigation revealed the bar was offering indoor dining and defying several other coronavirus restrictions despite rising infection rates in the area. Staten Island has the highest COVID-19 positivity rate in New York.Bars and restaurants in state-designated "orange" microcluster zones are only allowed to offer takeout and outdoor dining, with a four-person maximum per table.Despite Presti's initial arrest and the loss of the the bar's liquor license, Mac's Public House opened its doors to indoor diners again this weekend, according to the sheriff's office.On Saturday night, deputy sheriffs reported witnessing dozens of people entering and exiting a neighboring commercial space to access the back door of the bar.According to the sheriff's office, food and alcohol were being served to unmasked and standing patrons in exchange for "monetary donations."Following Presti's arrest Saturday night, Mac's Public House said on Facebook that the restaurant would remain open."We will not back down! You have not scared us!! The world is watching and it's time for everyone to wake up!" a statement on the bar's Facebook page said.Mayor Bill de Blasio's press secretary, Bill Neidhardt, commented on Presti's second arrest on Twitter Sunday afternoon."Presti has been telling the world who he really is for days now, but last night's incident made it crystal clear. Whether it's flouting public health laws or ramming a car into a deputy, this guy clearly has no regard for the lives of others. That's what it comes down to," Neidhardt said.This story was originally published by Lauren Cook and Allison Kaden on WPIX in New York City. 2941

NORTH BRUNSWICK, NJ — A man found dead of an apparent self-inflicted gunshot wound Monday is believed to be connected to a shooting at a federal judge's New Jersey home Sunday, killing her son and injuring her husband, law enforcement sources told PIX11 News.The man was found dead in a vehicle on Route 17 in Sullivan County, New York, wearing a FedEx shirt, sources said.Gov. Phil Murphy said he had no comment about the development when asked about it Monday at his daily press briefing.The discovery comes after a gunman opened fire at Judge Esther Salas' North Brunswick home Sunday, killing her 20-year-old son, Daniel, and wounding her husband, defense lawyer Mark Anderl, Chief District Judge Freda Wolfson told the Associated Press.Another law enforcement source, who wasn’t authorized to comment and spoke anonymously to the AP Sunday, said the gunman posed as a FedEx delivery driver.They said Salas wasn't injured as she was in the basement at the time of the shooting.The FBI said late Sunday it was looking for one suspect in connection with the shooting.Officials have not commented on any possible motive for the shooting.Judge Salas was set to preside over a class action lawsuit filed last Wednesday against Deutsche Bank. The suit claims the bank failed to properly monitor several high risk customer accounts, including one belonging to convicted sex offender Jeffrey Epstein.Gov. Murphy Sunday called the shooting a "senseless act.""This tragedy is our latest reminder that gun violence remains a crisis in our country and that our work to make every community safer isn’t done," he said.“I know Judge Salas and her husband well, and was proud to recommend her to President Obama for nomination to New Jersey’s federal bench," Sen. Bob Menendez said. "My prayers are with Judge Salas and her family, and that those responsible for this horrendous act are swiftly apprehended and brought to justice.”North Brunswick Mayor Mac Womack said in a statement: "No words can express the sadness and loss we share tonight as a community after [the] senseless shootings...We commit to do all we can to support the family at this time, as well as all law enforcement agencies involved."The Middlesex County Prosecutor's Office assisted the North Brunswick Police Department in the investigation.This story originally reported by Aliza Chasan , Associated Press , Katie Corrado on PIX11.com. 2409