The S&P 500 tells Uber, hop in.

Mautlyful Money starts now. I'm Dylan Lewis and I'm joined over the airwaves by Motley Fool senior analyst Tim

Byers Tim thanks for joining me are we at calf half half nap calf where we at?

There's never nap calf. Dylan fully caffeinated ready to go.

Love it. We have one business that is joining the company of the S&P 500

and two companies that are talking about layoffs and we are going to dig into

those today. We're going to start with the index update Tim. Ridehailing company

Uber will be one of the latest additions to the S&P 500 alongside manufacturer J-Bill and Buildings Materials

Company, Builders, First Source.

They will all join the Index later this month, replacing Sealed Air Group and Solar Edge Technologies.

And Tim, to the extent that indices, I know that there are requirements that go into being a part of an index,

but to the extent that indices are intended to reflect economic

activity and where importance and value are in the economy I feel like Uber

being in the S&P 500 is a good thing. I think it's overdue, but as you point out, Dylan, there are requirements here, and so they've

been a net unprofitable company for a very long period of time that's finally starting to

change they've been generating a fair amount of cash now critics of Uber and

there are plenty of critics inside of the Motley Fool will tell you that a lot of the positive

numbers you're seeing are due in no small part to financial engineering and

they're not wrong. Like for example if you were to look at the cash flow statement for Uber you would see that you know that roughly two and a half billion dollars of cash from operations about two billion of that is coming from cash deferments through equity issued to employees what we call

stock-based compensation. But I would say this is a massive company and it's doing something that is way more than what it was built to do

originally Dylan and this is one of the reasons why I'm so behind the idea of

Uber being in the S&P 500.

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