let's start with airbnb. what do you make of the fact that airbnb is pushing ahead on this traditional route to ipo? they did consider a direct listing. they haven't completely ruled out the acquisition just yet. guest: thanks for having the on. pleasure to be with you. the final story for airbnb is written yet as to how they become public. obviously, bill can be a very persuasive guy. think those discussions may continue despite reports that they have largely broken off at this point since airbnb to -- filed for a traditional ipo. and last week's news that the stockproved the new york exchange for companies to raise capital may factor into airbnb's inking as well. it is brand-new for the direct listing market. my take at this point is while they have their paperwork in, and certainly prepared to be on path to becoming a public company in the near to immediate term -- near to medium term, they will keep their options open. listing route can provide a significant advantage for companies. i think they will cont

we make every single person who joins airbnb assigned the airbnb community commitment, which essentially means you will pledge not to discriminate against others. believe it or not, 1.3 million people chose not to sign that commitment, and they left our platform, thankfully they have left our platform, given they are not committed to the values we are committed to. more recently, we took a bigger step. we worked with rishaad robertson and color of change, the largest civil-rights product in the united states, and we created something called project lighthouse. the idea of project lighthouses to measure how much discriminate is actually happening on airbnb and to work with color of change, privacy rights groups, to create a first of its kind partnership and technology. the idea is this -- we are basically going to collect, you know, anonymized perceived race information, and we have worked with civil rights groups and other groups to do this in a responsible way, and we are doing this to measure how much systemic discrimination people are expressing in airbnb, and once we can measure it,

airbnb turning down a spac, wanted to go the normal route.tle-known or very well-known bumbling data app. romaine: bumble, very popular app. married so we are not involved in any of that but it is taking a more traditional route of going to the public market. reporting on this story for us a little bit earlier was -- we can bring in katie roof, bloomberg news reporter, who broke this story earlier about bumble. give us a little sense about what bumble will be valued at here. >> great to be with you. we are hearing they are expecting to be valued between $6 billion and $8 billion and they go public. this is bumble, the parent company which includes the popular dating app and some other dating and social apps they have in europe and russia. so, they are planning to go public early next year and they are talking to bankers right now. joe: why go public? one of the questions we are asking is, is there some quality difference between the companies that choose to go that spac versus the companies that choose to go the traditional ipo route? we know

inside of airbnb or more inclusive and jeff greater sense of belonging andnd the gates outside of airbnb and hopefully we can be the way forward and if we learn something and we make improvements a good week and open source somepr of this morning's to other companies. that is essentially the idea. >> one follow-up about that. you mentioned earlier the sort of change in consciousness of your peers in the industry of recognizing their downsides to new ways of doing things in addition to plusses. do you have sent most of your peers share your awareness, you haveve to think about the racial effects of their tools among the politically divisive miss? >> the tech industry as thousands and thousands of companies so would be hard for me to generalize too much but i will say ize think there has ben a broad reckoning and awakening in the tech industry, and i do think that -- i can't speak for everyone, i can't say where they all are but i think the general mindset of the culture is totally different than it was more than a decade ago when i came here. it's a very serious topic that comes up in num

airbnb regulation, airbnb was still legal in many places worse operating really high levels.n the company got legislators and regulators to change those laws to make it legal. for starting in 2018, regulators and some of the biggest city start to clamp down and write hail, little bit less and delivery and on short-term rentals, airbnb and a few other smaller competitors. seated new york were drivers get a minimum wage you get a vehicle cap, san francisco really crackdown on airbnb, l.a., boston, seattle now considering serious write hail administration. i now have one of the collaboratives from the book when i a database of airbnb regulations and the ten biggest cities. it has just been a term mendez change. momentum going into the regulatory dimension since 2018. we'll talk about california what is going on there now. whether or not, whether that momentum is going to be stopped in november? or what is going to happen. that is one way. i think it is essential. there is no question that these platforms need to obey the laws that we have. and we need to create some new laws and

has airbnb oveverstayed its welcome in europe. nearly two dozen cities are calling on the european union to take tougher regulatory action on the company. for years the home sharing w website has b been accused of driving up property prices and forcing residents out of neneighborhoods. several cities have already impose restrictions but officials say that without an actual framework airbnb can escape sanctions by simply claiming that the website is there to put people in touch with the renters. in a statement the mayor of paris made it clear she saw airbnb as a direct threat to the housing market. it is time for a new european regulatory approach that serves first and f foremost the general interest which is for us accessibility of housingg and the liveability of our c cities. the twenty two cities want airbnb and other platforms to be held liable if rerenters do not obey local rules like limits on the number of nights at home can be rented out. the company hasas r responded sayayt was already working with blic auorities in europe

this criticism is leveled against airbnb. $2 billion at the beginning of the pandemic. brian chesky was called to step down. why are you so interested in this business if it is such a volatile business? you know a lot about tourism and travels and hotels, but what would be your confidence in this business? >> we have not done the work on airbnb. we do not have access to inside information. our favorite businesses in the world are at annuity-like businesses that can grow at a high rate over a long period of durability. -- over a long period of time and durability. it is as cash flow, business that meets our criteria. if not, it is not a business that meets our criteria. the companies we are looking for our durable growth companies. we will accept a degree of volatility. we were buying hilton stocks in the depths of the market in march, even though the hotel industry is really on its knees because we've got a long-term view on the industry, and weight have -- we sold a share of hilton that we acquired. businesses that have a ro

conversations of the future travel to rural areas and small towns ceo of airbnb thank you for joining us.. starting with one big picture question of all the enterprises affected by the pandemic yours has to be one fe.the most you are about mobility and people have not been mobile. what is the main discovery will surprise you are taken from this experience. >> we lost 80 percent in eight weeks. that was quite surprising. but maybe even more surprising isat what happened next. people, no matter the circumstances in the midst of epidemic still have a desire to travel. didn't want to go to crowded hotels, they did want to get in the car and go to another community and live there somewhere getting homes from airbnb there is a fundamental desire to travel and connect and see the world i don't think anything can stop it let alone a pandemic especially if veyou do it responsibly but there is a strong will to see the world it has to be done in a much narrower context. >>host: airbnb is a new way to do something people have done for a long time to travel and lodging. because there is a large st

we reported yesterday that airbnb rebuffed an approach from you.xplain what that means, how that went down? bill: i would not use the word "rebuffed." we had a nice dialog, we got to know the team. it is a business that we have admired over time. they have been on a path to go public. we talked to them about our structure. as your article pointed out, they have not decided going against the spac route, but at this point their first choice is to do an ipo. speaking generally, what we offer to a company, the ability to project $5 million of cash, take them public. duee started today, opened diligence, got access to a data room on a company, got to spend time with management, i would say within three or four weeks, depending on the business, we could get a sufficient understanding to be comfortable and negotiate a deal, and give them certainty on capital, and they could become a public company 45 to 60 days after that time. but we give them certainty in that first 30 days. a company like airbnb, files confidentially, at some point they will file their

thatberg is reporting ackman approached airbnb about a merger.bnb reportedly rebuffing him for now seeing it prefers a traditional initial public offering. airbnb is said to not have completely moved -- ruled out the merger. no discussions are currently underway according to sources. endoke with ackman at the of july about a potential target in airbnb. here is what he had to say. >> i have always admired the business. , a friend whorbnb makes a large amount of her income by renting out the ground floor of her brownstone and has had an amazing experience with the company. a very attractive, characteristic. we don't require that a company today is cash flow positive on an overall basis. we just require extremely economic attractive characteristics and we can predict with high confidence how those cash flows will grow over the long-term that is the kind of business we are looking at. vonnie: representatives for airbnb and square declining to comment. we will provide more details when we get them. time for stock of the hour. draftkings basketball leg

emily: you are also a longtime shareholder in airbnb.at you saw today, would you like airbnb to go public the traditional way, to do an ipo, or would a direct listing be fine with you? eric: that is a great question. i think airbnb will probably do a more traditional ipo. they need to clinics their balance sheet. it is a fine company with great thicket of leadership, but they did borrow a couple billion dollars earlier this year to stave off the existential threat. i think they want to do a traditional ipo and raise $4 tolion or $5 billion establish their brand even further, because airbnb is a tremendously powerful brand. and i think that will happen in a traditional ipo. it will also lock people up for six months or so. putsd to late october, it us in the first quarter of next year. hopefully by then we have a vaccine and the pandemic will be in the rearview mirror, and their business will be unfettered. at least more freely able to go out and to grow the revenue base. but we think that the leadership provided, showing the character an

but this is really dope, we got this airbnb, this is where we at. this is not the studio, i thought that's what it would be, a live studio audience and talking to people, but nah, i'm in this random airbnb in west hollywood. and, with a family still here, because you know, we all quarantined. people are still renting out airbnbs in quarantine, but they still there, too. it's just a whole weird situation. but that's not the weirdest thing going on, to be honest with you, the republican national convention is going on, and that is a very weird experience, to be honest with you. like, if you don't want to be irritated or you get easily irritated, please do not watch the republican national convention. if your mental health is right on the edge of you going crazy, do not watch the republican national convention. if you got high blood pressure, please, do not watch, it is way too much going on there. first of all, donald trump has his whole family speaking. like i didn't even know tiffany trump existed. i don't even know what she does for real. but she w

liz: air airbnb -- and i bring m up because we've been waiting for years on that ipo -- it's very tough to pinpoint a time on the calendar, especially this

stillng out airbnb. it's just a whole weird situation. but that's not the weirdest thing going on, to be honest with you, the republican national convention is going on, and that is a very weird experience, to be honest with you. like, if you don't want to be irritated or you get easily irritated, please do not watch the republican national convention. if your mental health is right on the edge of you going crazy, do not watch the republican national convention. if you got high blood pressure, please, do not watch, it is way too much going on there. first of all, donald trump has his whole family speaking. like i didn't even know tiffany trump existed. i don't even know what she does for real. but she was speaking at this convention, and this is so weird. it is so many random speakers. one of the speakers, and it's not necessarily random, but yeah, it is random, i will say that. last year, there was a group of protesters at the washington monument, an elder native-american and a faceoff between him and this young maga kid, you know, maga

airbnb has rebuffed an approach by bill ackman.e holiday rental firm about a merger. they said they have not ruled it out but prefers the traditional ipo round. has said theackman company is on his radar. i regulatory probe. sources say the sec is looking into whether it proper -- whether it properly informed its clients about high-frequency traders. it made the information easier to find on its website. robinhood did not comment on specifics but said it cooperates fully with regulators. that is your bloomberg business flash. anna: turning to the u.k.. bank of england governor dave ramsden says it has capacity for further easing if needed. chaoticwhat could be a final few months of 2020. the combined threat of a resurgence in coronavirus, a spike in unemployment, and a messy brexit hanging over the country. e, insightss investments fixed-income specialist still with us. hours,. over the past 24 it seems there is more the bank of england can do but i think the market was expecting the bu we could do more into the winter if needed. a

. >> clothing, purses, renting airbnb's. >> alameda, san mateo and solano counties are in the red tonight after moving up a notch on the states color-coded coronavirus tracking map. technically that means more businesses are allowed to reopen indoors. but, there are some great areas when it comes to what is actually changing.>> reporter: hearing san mateo county the red tier couldn't come fast enough. but tonight we are seeing that the tears don't mean a thing to some other counties. tonight in san mateo county, indoor dining, exercising at gyms and fitness studios, going to a movie theater and church and once again resume with modifications. >> we are following the guidelines that the state has set forward. >> but not every county is. alameda which also made it into the red tier will continue its more restrictive measures, like we've seen santa clara and san francisco counties do. >> there are no right answers to this. there are none. how do you get through something like this? mimic the co-owner of evolved training center in san mateo county says despite their safety measures the martia

airbnb, any ideas about when this thing could hit the market? >> airbnb? no. look, airbnb had 2020 in its line of sight. it was ready to go and then of course, with the pandemic, no one saw that coming. i think one company that is exceptionally well positioned to take advantage of the environment we are seeing right now is asana. i have to admit, [ inaudible ] does business with them, so take what i say with a grain of salt but it's a workplace communication service, technology firm, former facebook founder, good name recognition. it's another one on the docket to be able to have a successful direct listing coming up. cheryl: thank you for the disclosure. we appreciate it. atish, we will see how this ipo shakes out wednesday. we will cover it for sure. thank you, sir. >>> speaking of markets, the dodow is up 469. investors rolling the stocdice gambling stocks. taking a look at caesars that stock is up, apollo global up 3.8% right now. gambling stocks are rallying alongside those names, penn gaming, churchill downs in the green. we have another story you. fox b

works similar to airbnb. homeowners can rent out their pool.pp has grown to include 6,000 pools in 30 states. business exploded during the pandemic with parents looking for a way to entertain the kids. >> really seemed to be the simplicity. i was kind of like why didn't i ever think of that idea? >> reporter: dave cutler was able to find a pool at a local home near him. >> it was appealing to have a pool to ourselves without concern are of being around other people. >> reporter: he paid $45 an hour. >>servnss ces can run anre >> reporter: homeowners are told to follow cdc covid guidelines. >> we implemented mandatory hour between reservations. we opted out maximum number of guests to make sure there were no events or parties. >> reporter: the app has grown quickly. local governments are starting to take notice. some are questioning if regulations are needed. he's open to having that conversation. bust right now nothing is stopping homeowners in people searching for a pool from jumping in to use the service. nancy chen, cbs news, queens, new yor

it's part of efforts to prevent platforms like airbnb for pricing out locals in favor of more lucrative tourists paris h had fine to landlords under the law sparking an appeal that went right up to the european court of justice with french authorities now free to continue finding those in breach of the rules. city manager out welcomed the developments this victory awaited by many cities marks a turning point for the supervision of seasonal rentals and cononstitutes a step forward for the riright to housing f for all. malaysian b. said it welcomed the ruling and that it wanted to work in collaboration with local authorities t the service now faces the possibility of similar action in at least twenty two other european cities such tourist hot spots as- have long forty the platform accusing it of destroying the city social fabric and of sort of regulated in line with all the servivices in the rentals market and push. it to take more responsibility. a second t the day's trading after now someone after monday's. law wall street turn higher the s. and p. five hundred snapping a four day losin

all along, it's interesting because we heard that airbnb was going to do a direct listing way back oneas interesting that they were willing to be out by stec. i have not heard anything to that. i just heard that they filed confidentially and i think they're going to tap the regular ipo market. the results are best by doing it that way in terms of the long-term price and shareholder base for the companies. of verys going to be exciting company and the challenge is going to be the travel industry has been hit by project goingto forward, how to make the right valuation. it's not going to hold up under current circumstances. it will be an interesting ipo and i hope they get it the normal way. mcafee also just filed for an ipo today. you were saying about going the normal route? >> yes we constructed ipo indexes the track the returns of companies going public over the last couple of years. we have an etf that tracks that and performance of these regular way ipos, once they start trading, it has been very strong. much better than other methods of going public including the [indiscernible] me

to protect renters, not big businesses, those use be airbnb or landlords. thank you. >> thank you for your comments. operations, next caller, please. >> caller: hello, i'm speaking on item 111. i really appreciate that you are doing this proactively to help our businesses. i am very active in japan town and familiar with the situation of the merchants and the japan center mall. and i just wanted to ask you, please, to do everything you can and be creative and active in finding a broad-based support for these people. they are, i'm in awe of them. they're facing a year where they will be paying a month and a half commercial rent, com an area charges, publicity charges, and there's an automatically increase in their leases. and they are facing it and working so hard to stay in business to keep our communities and our cities alive and vibrant and so do all you can to help them. >> thank you for your comments. operations, let's hear from the next caller, please. >> hello. i would like to acknowledge that i would like to acknowledge -- can you hear me? >> i would

conversations of the future travel to rural areas and small towns ceo of airbnb thank you for joining us..

toing up, airbnb is planning go public next week.ll get thoughts from todd mckinnon ongoing public in a pandemic, next. this is bloomberg. ♪ ♪ you can go your own way ♪ go your own way your wireless. your rules. only xfinity mobile lets you choose shared data, unlimited or a mix of each. and switch anytime so you only pay for the data you need. switch and save up to $400 a year on your wireless bill. with the carrier rated #1 in customer satisfaction. call, click, or visit your local xfinity store today. >> temer has turned out to be a huge month for ipo's. debut --re was company is big tech about to hit and that is palan tir. andhe midst of a pandemic an election two months away, what should they expect? the ipous to talk about environment is our guest. we have been in a roaring debate about whether these companies left money on the table. we saw snowflake go up over a hundred percent. did bankers miss price this? snowflake and palantir have better technologies than their competitors. everything is data centric at palantir. everythi

stuart: very interested in airbnb. >> we use spac on the show now?ome viewers off. talk about the federal reserve and qe3. [laughter] we used to have a buzzer when anybody did that. thank you, susan. >>> let's get to the investing app robin hood. they may be in some trouble with the sec. lauren, what kind of trouble? >> civil fraud investigate. investigators want to know if robin hoodies closed what is called payments for order flow, that's when a broker sells client orders to high-speed trading firms. the practice actually made robin hood money and is responsible for half its revenue in 2017 and '18. but did customers know about it, that's the issue, because the practice is legal. was this disclosed? so robin hood could settle with regulators by paying a $10 million fine which is a slap on the wrist, but it's certainly another headache for the company. criticism it let these sophisticated high-speed traders exploit mom and pop, regular investors who are sitting at home during the pandemic trading on their phone. stuart: but it's mom and pop investor

you can now live like the fresh iconic man the opening credits of fresh prince of bel air is now on airbnbark the 30th anniversary. amenities include a pair of air jordans and some of will smith most memorable outfits. will smith posted a picture on instagram to announce the listing. >>> speaking of fresh, a fresh grocer has tips on picking your favorite summer fruit. do not forget cbs's daytime talk show, the drew barrymore show, watch today >>> summertime strawberries are in the market. some of them have been coming in from parts of california and florida but they do not get as silky as they do in the summertime when the heat hits the strawberries. they are there now so what's stopping you from enjoying them? superfood 140% of the vitamin c we need. when you buy them read all the way around. stems nice ingrain on the top, no green shoulders that means green on the top. they don't get sweeter. by them nice and right and sweet. when you bring them home into the refrigerator never wash them before you store them just wash them before you enjoy them. summertime strawberries you cannot beat t

but this is really dope, we got this airbnb, this is where we at. this is not the studio, i

it's not just airbnb that's benefiting from people looking to rent versus buy contractors that work inn and engineering are increasingly renting large-scale equipment because they simply don't have the foresight as to what demand will look like in the long term. think about how many companies slash their guidance in the second quarter so without that certainty as to what demand will be like, it makes more economic sense to rent a lot of this equipment in case you were wondering, bill, a bulldozer can cost anywhere between 40 and $160,000, then you have to pay for insurance, a place to house it, sometimes you have to hire a mechanic to service it so it can be very cost toly to some of this equipment, and that's why you're seeing a lot of people in the industrial world renting instead of buying. it's a result of the financial crisis as well >> i'm going to write that down. i think i'll get two more bids on that bull dozer >> if you have some had he ever i li -- heavy lifting in your backyard, whatever it may be >> i'm in the market for a backhoe, guys, just so you know. >> as you build y

nobody trusts the hotels here and you can rent out a fabulous house to airbnb for more than a hotel room you get there. what do you do you clean the darn place with the "mad money" -- no, disinfecting wipes this is what you use for heaven sake stay focused tons of people working remotely have decided to decamp to an airbnb all over the country because why not? might as well be somewhere nice. hey, you know what my wife is doing it. she's going to florida, packing those, packing these to avoid a resurgence she's going g ting to del ray supposed to be a nice place. how about rvs? the largest rv maker reported incredible numbers yesterday best backlog and latest inventories ever rvs are the safest way to travel with your family the market decided no staying power. no staying power this is staying power, no staying power. i say let the reserve judgement, let's reserve judgment until we hear what management has to say. let's talk about dominos that's transforming the way we eat. order online on any device, put it on a pedestal so you don't have to talk to anybody and put the tip on the thing,

we have to deal with cramer fav airbnb somewhere down the line that could be pretty big deals and sucksh and sell stock for these stocks after the last couple weeks these ipos makes me nervous. some of these could be enticing especially once they start tr t trading. here is the bottom line. when we get public offerings, it's a bad sign for the rest of the market why? money managers doesn't have new money coming in so they have to sell holdings that are like these stocks to do buying. given september 10 will be a bad month for the market and not doing great so far, i'm urging you to be prepared as these deals start flowing. so once again, please have some cash on the sidelines. we didn't have cash king the other day as i think you'll need it as we get closer to the end of the month we're going to arthur in arizona. arthur >> caller: jim, how are you? >> what's happening? >> caller: i became interested in a company called kensington capital accusation when i found out they are participanting with a foreign fund in a project involving solid state batteries. certainly, very lotble from an

the inventory is practically gone so that is a very good sign for airbnb it's a good sign for expediame for airbnb to push forward with its plans to go public and pushed every travel company david and carl to think about what role they can play in the home segment which continues to stay strong even into the fall and winter, according to the latest bookings data we reviewed and allowed a marriott to play a role in this space their home and villa segment saw a 700% increase in bookings over the summer moments ago at the skift conference this brings what happens to hotels. the rise in defaults in new york and houston, the hotels are backed by cnbs loans and he said expect nor brand conversions, hotels converting into residential properties, maybe student housing. >> sorenson as well, i know. wow. are the big going toned up getting bigger, or those that can make it through going to be even larger on the other side of this as they add through buying distressed properties? >> m&a will likely be part of the discussion arnie sorenson had the huge deal four years ago acquiring starwood for $1

it's the 30th anniversary of the tv show, and to honor it, airbnb put one wing available for rent onone wing? i want the full experience, the whole house, carlton, jazz and both aunt viv's. oh, you think you can change actresses in the middle and pretend like we won't notice! it's too many vivs! quarantine-while, rihanna's secluded london mansion is up for sale for $41 million. though, like a lot of high-end real estate, the listing does come with one warning to potential buyers: >> bitch better have my money. >> stephen: quarantine-while, a lock of abraham lincoln's hair has sold at auction for more wow. that seems particularly high, especially considering ebay bidders won't go above three bucks for my jar of taft's toenail clippings. tafts toenail clippings is hard to say. we'll be right back-- oh, we're not done? there are more jokes? there are more jokes. >> yes. we don't know who has it, because no information about the buyer was disclosed. ooh, an anonymous wealthy buyer has secretly acquired abraham lincoln's genetic material. that can only mean we're working on opening up "th

the iconic mansion featured in the opening credits of the fresh prince of bel air, is now on airbnb.it's the mark the 30th anniversary of the hit 90s show. amenities include a pair of jordans and some of will smith's most memorable outfits. smith posted a picture of himself with his costar outside the mansion to announce the new listing, which is currently $30 per night? what? that does not seem right. >> i hear it's only for l.a. residence. >>> thank you for watching at 7:00. the news continues stre ing. dear california... we know these are challenging times. rest assured, you are not alone. we've all had to adapt. and with summer here, your energy bills might go up with rising temperatures. together, we can save energy and money. try closing your shades during the day... setting your ac to 78° or higher... or cooling off with a fan when you can. united we are always stronger. stay well, california, and keep it golden. announcer: it's time to play "family feud"! give it up for steve harvey! [captioning made possible by fremantle media] [cheering and applause] steve: thank you much.

and his fiance came to wine country and staying at an airbnb sunday night. >> we grabbed what we could and went over to her parents' place in santa rosa. >> reporter: soon, it wasn't safe there either. >> the ash on the deck, on the cars, it looked like hot snow. the whole thing is scary. you have been through it and been through it. >> reporter: hotels are totally booked. one manager told me they went from 40% occupancy to 100% in just 15 minutes, as the evacuees fled with all their belongings early monday morning. some hotels allowed pet cats, birds and dogs. the craft family monticito. >> panicked and scared. the fire was close to our house again. but this, i didn't see flames last time. but this one, you see flames and you get staired. >> you step outside and all you can hear are sirens. >> you knew it was time to go. >> reporter: when do you evacuate, you think it's a fwhuns a lifetime event. you don't think it's going to happen to you twice. so when we had the family for dinner sunday night and said good-bye at 8:00, there was no way to predict. >> reporter: sad and surreal is ho

wow. - many days later. - that's interesting, you said the airbnb.d to do your own grocery shopping, because i thought, wait a minute, they were at a hotel, and now they're grocery shopping on the little bit of time that you're allowed to walk out the door. so you were in peru for 22 days. we did a show recently on what it's like to be in quarantine around the world. it sounds very frightening where you were, especially because it's a military quarantine. how do you describe the tension? - it was a little scary at first, because we didn't really know what was going to happen. we don't speak spanish that well. and there was cops on the corner of streets, and there was patrols going on, and checkpoints. so we would head to the grocery store, and a lot of times you would, you know, kind of have to answer where you were going, what's going on. just the idea that we would be there for that long was a little overwhelming at first. but going to the grocery store and shopping and kind of making food and doing those things gave it the sense of having a bit of

we have had a few, unfortunate incidents in relation to some airbnb properties, where they've been renteds. they are really resource—intensive to deal with and quite difficult, and actually really dangerous in terms of the health and safety point of view, for the individuals but also for the officers going in, obviously a lot of people in a small space, with coronavirus, isn't the best. in response to a surge of illegal gatherings, airbnb banned house parties worldwide, limiting guest numbers to 16. before lockdown, thousands of people would have packed out of this room but social distancing rules make traditional club nights here impossible. that gap in the market is being filled by private and unlicensed events which, unlike nightclubs, do not always prioritise the safety and security of their customers. many of the public, the youth of today who are socially starved, who have not had the ability to go out and socialise, we are going to see a massive growth in unlicensed events. and comparative to a regulated, safe professional space, which is delivered by our industry, the events secto

now the market is telling you it's open to high-growth private businesses coming out, not just the airbnbsnd the multibillion dollar companies. but there's a place for high-growth businesses to come into the public markets, there's an appetite for it. maria: do you think that the things we have been doing more of whether it's telemedicine or e-commerce, tele-education, these things, the digital economy, will further persist in the coming couple of years? >> i do, because, you know, it's things like we've had, we've all had to have more things delivered to our house. so it's really changed the way consumers shop, the way consumers get food. so that, weaver realized that there's an easier way to do things, and now we're going to continue to do that. tool mates was acquired by uber. more and more people are realizing that because of tech where it is now, their lives can be a lot simpler if they use technology to get food, to get education, to get in contact with people, to see a doctor. so that genie's out of the bottle now, and it's not going back. there's a tremendous amount of growth and p

snowflake is one of several unicorn startups expected to go public this year, among them bay area-based airbnb and doordash, and which just moved out of the bay area. >>> the federal reserve is keeping its benchmark interest rate unchanged at nearly 0, and expects the rate is a bear at least through 2023. that could influence borrowing costs for homebuyers, credit card users, and businesses. the stock market ticked up after-the-fact announcement but ended the day next. the dow was up just 36 points, the nasdaq lost nearly 140, and the s&p was down 15 points. shares of major tech companies, apple, facebook, netflix, and amazon all the client. >>> now to hour storm watch, looking life, pensacola, florida, 2 feet of rain, already falling there, hurricane sally downgraded to a tropical storm overnight but you can see just how strong the storm is, wind clock 205 mph, this is orange beach, alabama, the storm brought flooding and they that of course revealed all the destruction. take a look at that. in a sally moved inland, the national hurricane center says that catastrophic and life- threatening fl

about the future of travel including several areas and small towns i'm glad to, welcome the sea of airbnb brian chesky. thanks so much for joining us. i have some questions about your basis in the olden times come in the future times. i want to start with one big picture question of all the enterprises that been

. >>> and airbnb with a spat perhaps burning a hole in spackman's pocket.welcome to "squawk box" on cnbc i'm becky quick. joe and andrew are out today a lot to talk about. starting with the market sent the dow back above 29,000 for the first time since february 20 with a gain of 450 points, 1.6% for once, it was the dow and s&p outperforming the nasdaq dow up, nasdaq up 1.5% you did see a change in rotation

we're unlikely to see buckingham palace on airbnb anytime soon.er say never. peter? kristen? >> sarah, what a great story there. i love that for the royals, when things start getting bad, they start selling gin. >> that's right! >> selling alcohol. >> you've got to save the tea for tea time, right? great story, sarah. >>> we want to get another check of weather for dylan. dylan, how's it looking out there this weekend? >> good morning again, guys. this weekend actually is looking okay for the most part, if we take a look at the current radar across the country, we are going to see the chance of some isolated storms begin to pop up later on today. there are a few showers moving through the northern plains right now and we also have a couple of spotty showers and thunderstorms in the forecast for central and southern florida. there is a cold front, though, that could trigger some strong storms through northern wisconsin today. large hail, damaging winds, an isolated tornado. out ahead of that front, we have record high temperatures in the forecast f