coming up in business news with go hogshead decade after air b.n. b. burst on to the scene regulators in tenants are complaining about rising rents and housing shortages we look at whether air b. and b.'s tenth anniversary marks the end of a honeymoon period. all that and much more still to come. frank food. international gateway to the best connection self you know road and rail. located in the heart of europe you are connected to the whole world. experience outstanding shopping and dining offers and trialling services. biala gassed at frankfurt airport city managed by for.

make your smart t.v. even smarter with the d w four smart t.v. . what you watch when you want it up to date extraordinary in depth you decide what songs from don't more. dot com smart t.v. . happy birthday abby and b. and good riddance home sharing website turns ten regulators and city as well as around the world wish it was just go away. on congress relations apple obama figures published thursday pushed the i phone makers market cap beyond the one trillion us dollars. this d w business i'm glad alpha is welcome apple has become the first company to reach

a one trillion dollars market capitalization a historic feat apple's value is likely to slip in and out of a trillion territory in the next days bought its bumpus second quarter results on thursday helped it breach that barrier. the share price hit two hundred seven dollars and all of a sudden apple was worth a trillion dollars the company made its market debut in one thousand nine hundred eighty with a share price of thirty nine cents if you bought ten thousand dollars worth of shares back then your investment would now be worth six point four million apple's clearly come a long way in one nine hundred ninety seven the company found itself on the brink of collapse when the macintosh wasn't selling consumers seemingly unwilling to pay more for it than its microsoft alternative. but with the introduction of the i pod and the i phone things began to look up again the devices the design winning apple

a cult following after the death of founder steve jobs tim cook took over at the helm under his leadership apple became the biggest stock market success in u.s. history brings some new features today that the everyone has i phones i pads i products and no oil to be on there is significant they have been able to continue to sell product increasing prices high margins the question of course always is can they continue it you know what's the next product they'll have what's the competition doing you know with the joke being that the next apple competitor is an eighteen year old sitting in a garage somewhere apple's still has its current competitors to worry about earlier this week china's while way over took apple as the number two smartphone maker in the world. financial correspondent daniel cope is standing by in frankfurt don where do you go from one. dollar. yes exactly

where do you go when you take a look at the earning reports this year guarantee apple delivered and delivered that's why investors are actually telling us that they find the current company valuation. quite realistic this was a by the way not the case with tech companies during the dot com bubble crisis almost ten eighteen years ago we should say that time there were many companies mostly in the tech field with crazy high valuations and the result was a crash at the stock market but investors they're also telling me that they're a little bit toward it of course we have to this big apple hype at the moment even if they're very expensive i phone ten is a success story but new innovations are kind of missing there really needs to be something new with upstate a new product and that's why they're warning that this valuation might again change so there is that competition who's next to be valued that heidi.

well there's always this competition between apple and amazon when you take a look at the valuation of amazon amazon is estimated to have a valuation of about eight hundred and eighty billion u.s. dollars they could be the next to hit the one trillion us dollar mark that have been fired for saying here. and here's another tech industry landmark for you air b.n. b. turns ten years old today the home sharing website has disrupted the travel industry like none other shaking our business models turning tenants into hotel is and putting small independent hotels out of business in the process b. and b. is one of the first to capitalize on the so-called sharing economy but resistance is growing fast in many places around the world from residents and regulators alike . munich has the highest rents in all of germany it's also a major tourist destination some residents here earn good returns off the air b.n.

b. apartments as these officials in the local authority know only too well meaning homeowners and tenants need a permit to rent out their apartments for more than eight weeks a year. the investigators suspect a tenant here of illegally renting out properties all year round. suddenly from going up front as if sentiment is it started in twenty seventeen with this apartment he was a kind of big player if you rented lots of flats and then something that and then we'll be in be. on the biggest for me to. the investigators pay a visit to the apartment and speak to vacationers to gather evidence their landlord will receive a hefty fine potentially up to five hundred thousand euros. from it all you can rent the place per day four hundred to two hundred fifty euros or if you do the math on the monthly rent is covered up to just ten days of. finance yet

another that you start making a profit with in park but given all the idea behind a b. and b. is that tourists like to feel at home. since its founding the company has grown from one hundred thousand registered listings to four and a half million air b.n. b. rents out more rooms in munich than the five largest hotel chains combined. in northern germany some landlords have even kicked out long term tenants so that they can profit from the air b.n. b. boom money could have a vote suspected that's what's happened to her she lived in her apartment for thirty three years she raised her children there and knew all her neighbors when she got an addiction notice the land of claims you needed the flat for his own use . that in a limited. someone suggested i take a look at albion b. if they suspected it was being offered on their website and from italy at this is the out on air b.n. b. part of her kitchen are still in the apartment it now costs fifty nine years per

night that's eight hundred a month more than four times the original rent. to be able to now is to pay much higher rent elsewhere and is suing. and b. and b. for tourists a cheaper option behold days around the world but for residents looking for rentals it's a potential nightmare. so that's why the n.b.a. is celebrating in a sense and a very serious and european authorities are tightening the screws from berlin to madrid officials are limiting the number of days which of them may be rented and slapping fines on violate as perez is suing the company for failing to take down an registered listings and a few weeks ago in new york moved to require registration to stephen bids the from our business department is joining me now who seem you've looked into this story is the honeymoon with a b. and b. over your heart i think that members of the sharing economy like air b.n. b.

nuber have always faced scrutiny from years back and usually that was over things like security or the liability of the hosts or the driver in this case with air b.n. b. it's facing scrutiny about its effect on a more structural issue its effect on the housing markets and so what you're seeing is of course all these actions taken by cities claiming that air b.n. b. is raising rents that is taking housing from the market and we see that through stories like this one which we just saw someone who lost their apartment and then saw listen everybody and also my studies which really show us how air b.n. b. works for example in new york city there was a report issued by mcgill university in the city which showed that ten percent of all air b.n. b. rentals accounted for half or ten ten percent of hosts accounted for half the rentals and half the revenue in the city and that other big companies have grown out of this business model using it being right it's become more and more attractive for commercial enterprises do it and air b.n. b. will tell you and they've claimed throughout these arguments that you know these

are important for middle class homeowners who actually they need something to supplement their income and studies have shown well actually that's not necessarily case in places like new york and it's probably similar in places like paris berlin cetera. why is it so big and is the backlash so big in europe. i mean europe is always going to be a more regulatory market than the u.s. first of all but second of all international tourism is growing is growing fast as the middle class grows and europe is always the top destinations so you know when there are changes in tourism they're going to be felt here and especially when you start seeing tourists in neighborhoods where they traditionally haven't been you start hearing those rolling suitcases in smaller neighborhoods they're known for being hip trendy whatever are no longer relegated to the central hotel district but also in cities like this like berlin there's a housing crunch prices are going up construction is not filling that gap and investors need to park their money increasingly in real estate to get a return because they're not going to get it through other vehicles now when they do that and they're not living that property there's an incentive maybe to put it

on air b.n. b. and as we saw in that piece make more money that way instead of dealing with renters instead of making less money through renters so the incentive is there. thank you very much. i was unfounded jeff bezos is fully behind in the private sector space race there are signs that his firm's heavy rocket set to fall lift off in twenty twenty may slip behind schedule his company blue origin faces stiff competition from. space x. q one. just a month ago amazon founder jeff bezos is rocket company successfully pulled off its most important test to date. but reports are now saying the twenty twenty liftoff date may be moved back engineers are still finalizing details on the heavy launch rocket bases as frequently stressed that the timing depends on perfecting the vehicle safety. and tired stand on

this vehicle is going to carry humans we're going to make it is save his we can make it we're going to test it we're not going to take any short cuts so we'll put humans on this vehicle when we're ready and not a second sooner the reusable launch vehicle will be used to transport satellites it will also take tourists into space and bring them back to earth again. do you imagine. how alan shepard must have felt. all those years ago most of them pretty cool. that's thank you bob our.

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reverse culture shock. wave from come down to realize how strange that artificial little is really connected to life. the prize winning documentary from the forest starts aug ninth on d w. i that welcome to your max your daily dose of european lifestyle and culture today we've got the travel bug here's what's coming up. all aboard discovery europe with a free into rail ticket. items up to french artists paint with emptied.