we'll hear from a new member of his innovation counsel, brian chesky up next. olivia: pimm: an activist pimm: -- activists are announcing profits after the allergan deal. joining is now in an exquisite interview was activist president fromeo brent saunders person pinnie, new jersey. thanks for being with us. describe exactly why it is you raise the guidance. brent: as we brought these two exceptional companies together, we started to see strong momentum from both companies which was not a surprise. it allowed us to put out guidance that i think is better than consensus. pimm: can you explain the strategic reason for the acquisition of allergan? does it compensate for drugs coming up at and protection? was not thereally case. as you reported a bit, allergan was a company that was under a hostile attack from valiant and pershing square. we stepped in as a white knight to save allergan. we saw a very compelling strategic fit for those products in our portfolio. also we saw that a lot of complementary overlap in areas like dermatology and areas like the rolla g and

emily: what was it about drew houston and brian chesky?was it about them that -- paul: it was different things. jessica: yeah. paul: different things about the two of them. in drew's case, he was the guy who could write this software. dropbox suceeded by solving an almost impossibly hard problem. whereas airbnb is different. airbnb is like this mass movement, where everyone is staying in other people's houses worldwide. jessica: we were skeptical, though. i just remember thinking, we don't really care what the idea is. these founders are awesome. we are funding them. paul: patrick collison from stripe, i have known since he was, like, 14. back when he was this high school kid in ireland, he used to email me questions about the lisp programming language, and i had no idea he was a kid. emily: now that these companies are worth multi-billions of dollars, when you look back, if they had had the opportunity, would they have sold? paul: almost everyone, if someone came along with a big enough offer at the right moment, would have taken it. we d

betty: that was ryan chesky talking with emily chang moments ago. onlinetill ahead, u.s. they are getting a boost from ali baba. more about what is behind jack ma's move. ♪ mark: welcome back. betty: let's get straight to julie hyman -- [laughter] mark: we have keep it moving. julie: let's talk about some of the movers we are watching today -- a couple of makers of mining equipment doing the best in the dow. day since julyt and hitting a two-month high with caterpillar on the rise as well, up utter than 2% and that a five-month high after analysts raised the stocks to outperform, saying there are signs the worst might be over and investors should be early to a mining bottom. remember that currency headwinds had been a big deal, particular for caterpillar. analysts are saying the headwinds are moderating and steel costs are lower. in technology, we are looking at zulily, those shares soaring after alibaba says it's increasing its stake in the online retailer. sticking with online commerce, y today.ook at ets they went public not to long ago and $16 world where its shares w

chief among that less, airbnb co-founder and ceo, brian chesky.e'll join us in just a few minutes. "squawk alley" will be right back. s romantic, s romantic, why pause to take a pill? and why stop what you're doing to find a bathroom? cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right aw

was emily brian chesky named as a presidential ambassador for our -- entrepreneurship.oming up, hillary clinton looks stressed lately but a new poll should make her turn that frown upside down. i cannot believe i just said that. >> in you did, on air. you owned it. ♪ >> welcome back. let's get straight to julie hyman with a look at the markets. we are 50 minutes away from the close? julie: that is about right. deteriorateg things as we head toward the closing bell p are not in a major way but trending lower than we were at the beginning of the session, particularly for nasdaq, holding on to the bearish of gains. f -- if we look at the averages, we are seeing declines across the board at this point in time. the nasdaq is now down about .1%. each off about 4/10 of 1%. i want to point out we have -- we did not touch the s&p 500 on a closing basis. wee a look at the numbers are we are looking at a record of 2125 set a few weeks ago and the closing record. take a look at my bloomberg terminal here. of 211769. we did touch it earlier today and ever since then, we have been tr

. >>> coming up the future for airbnb stay tuned for an interview with brian chesky. >>> and a book aboutis experiences at the giant. we'll have him, back. ♪ if you're looking for a car that drives you... ...and takes the wheel right from your very hands... ...this isn't that car. the first and only car with direct adaptive steering. ♪ the 328 horsepower q50 from infiniti. a lot of ideas look good in theory. but the real question is: how do you make them pay off for your business? at kpmg, we work with you, shoulder-to-shoulder to turn strategy into real results for your enterprise. because while theory is great, we work exactly where you do: in the real world. ♪ ♪ there's some facts about seaworld we'd like you to know. we don't collect killer whales from the wild. and haven't for 35 years. with the hightest standard of animal care in the world, our whales are healthy. they're thriving. i wouldn't work here if they weren't. and government research shows they live just as long as whales in the wild. caring for these whales, we have a great responsibility to get that right. and we take it

brian chesky of airbnb, where is brian? there he is. [applause] in addition to stealing a few of my employees is going to help the cuban people navigate new business opportunities as their economy opens up to greater internet connectivity and modern payment systems which provides enormous -- julie hanna, where is julie? [applause] julie will use her expertise leading kiva to increase access to capital. her project commits to delivering $100 million in crowd funded loans to 200 million women across 86 different countries. i want to thank all of our global entrepreneurship ambassadors for stepping forward and being part of this important work. i want to give them a big round of applause. [applause] finally, i am challenging our partners across the private sector and around the world to join this effort. they have joined together to form the spark global entrepreneurship coalition which will coordinate this work and help us mobilize even more funding to support entrepreneurs. today i am also encouraging governments and organizations and in