The avenues and cross streets of New York City are especially jammed in December, but things have got noticeably worse since ride hailing companies like Uber and Lyft started operating there. 

There are around 13,000 to 14,000 famous Yellow Cabs in the city, but around 80,000 ride sharing drivers operating in the same streets. 

Into this congestion comes Uber CEO Dara Khosrowshahi to address the Empire State Building based Economic Club of New York not far from Wall Street which is wary of his company which has had some staggering losses and high overheads as it trims prices to see off the competition. 

CGTN's John Terrett has three takeaways from his speech.

Khosrowshahi has said he can make Uber profitable within a couple of years, Wall Street's not so sure, especially as the CEO is determined to keep spending up in order to reach the company's goal, transportation of every kind from ride sharing to food delivery to trucking and air transport on the app. 

"We will do so in ways that are not profitable for us we will be tireless in going and building out this movement opportunity and making sure that it is available to everybody including people who are lucky like us and get to live in the city center and people who are less fortunate and don not live n city centers and especially live in transportation deserts," Khosrowshahi said. 

Dara didn't apply for the job, he was offered it, and initially said no. He said Wednesday that he is so glad he did. 

But making Uber profitable is just one of the problems on Khosrowshahi's plate. 

In London, his firm has been banned again amid passenger safety worries and concerns the app allows some of the 45,000 drivers who work for Uber to fake their IDs. 

Khosrowshahi was quick to stress he thinks the job on safety is far from done. There's a long way to go, but it is a top priority. 

The brakes are on Uber's shares are down around 60 percent since the company came to market in May. 

Addressing the Economic Club of New York is a chance to sell the company to the movers and shakers of Wall Street, to reintroduce it if you like, to economists, bankers, journalists and financial backers who wonder if they'll ever see a return on their investment.