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Uber's tense relationship with drivers for its affordable UberX service is well-documented, but even drivers for the company's high-end options are growing disappointed.

In a video recording of CEO Travis Kalanick riding in an high-end Uber Black car published by Bloomberg, the driver confronts Kalanick about the company's fare cuts, which Kalanick disputes. Fawzi Kamel has been driving for Uber since 2011, according to the report, and told Kalanick: "You changed the whole business. You dropped the prices."

The math: In 2012, Uber Black charged $4.90 per mile and $1.25 per minute in San Francisco, according to an old version of Uber's website Bloomberg checked. Today, the same service costs $3.75 per mile and $0.65 per minute. So it seems that while Kamal underestimates the cost—"How much is the mile now, $2.75?"—he is correct in that the prices have dropped since he started driving for Uber Black.

Kalanick says that Uber had to cut its costs to beat Lyft. "We have to; we have competitors; otherwise, we'd go out of business,'' Kalanick says. And then Kamal is dismissive of Lyft, Kalanick replies: "It seems like a piece of cake because I've beaten them. But if I didn't do the things I did, we would have been beaten, I promise."

Blame game: In perhaps the most jarring moment in the conversation, when Kamal told Kalanick that he "lost $97,000" and is "bankrupt" because of Uber's decisions, the CEO visibly loses his cool.

Some people don't like to take responsibility for their own shit. They blame everything in their life on somebody else. Good luck! — Travis Kalanick

Kamal gives Kalanick a one-star rating after the ride.

Go deeper

Rep. Lamborn may have misused official resources, ethics panel alleges

Rep. Doug Lamborn departs from a news conference held by the House Republican Israel Caucus on May 19, 2021 in Washington, D.C. Photo: Caroline Brehman/CQ-Roll Call, Inc via Getty Images

Congressional ethics investigators said Monday there is "substantial reason" to believe that Rep. Doug Lamborn (R-Colo.) misused official resources and solicited or accepted improper gifts from subordinates.

Driving the news: Lamborn's aides told investigators they were often asked to run personal errands for his wife, Jeanie Lamborn, and were at one point tasked with helping his son apply for a federal position, according to the Office of Congressional Ethics (OCE). Lamborn strongly denies the allegations.

Biden calls Fox News reporter a "stupid son of a b---h" on hot mic

President Biden blasted Fox News' Peter Doocy on Monday after the reporter asked if the nation's soaring inflation is a political liability, saying, "what a stupid son of a b----h."

Driving the news: The Biden administration has faced rising inflation rates over recent months, which it has labeled as "transitory."

Hope King, author of Closer
2 hours ago - Economy & Business

Investors reset their compass

Data: FactSet; Chart: Axios Visuals

The endpoints of a stimulus-fueled market are being defined.

Why it matters: Conditions that drove excess pricing in riskier assets are steadily being removed, and big swings in the market like those seen today are inevitable as investors try to adjust to the new landscape.