and everybody raves about air b&b. >> ashley converted her basement apartment into an air b&b rentalt is booked almost every night. >> pros, you meet really cool people from all over the world and maybe pay your mortgage. cons it sucks having to clean up after everybody. >> millions of square feet of office space are popping up all over the country. dave wineberg wents from a growing shared space company called we work. he says it offers him all of the perks with none of the risks. >> it allows you to shift around as you need. and all of the corporate aspects that help the foundation of a company are still in place, your printers, your internet, having people around so you don't feel alone. >> not everyone is so excited. in 2010, europe passed a law that made it illegal to rent out a home for more than a month. 60% of air b&b rentals in the big apple are illegal. so do the short-term gains outweigh the long-term risks? we have a great lineup of guests joining us today. out of new york city, the profess of information and operations systems founder of changes, a research lab that trac

using sites like air b&b. one key piece of advice, lots of of communication. >> we have a contract so i know what to expect and they know what is expected of them and there's not going to be any surprises. >> as for the couple, they have been able to hold on to the home they love. >> and last week san francisco lawmakers say they are considering making it legal for city residents to rent out their homes on sites like air b&b as long as homeowners have insurance. right now it's technically illegal and it's grounds for renters to be evicted. >> the notorious internet security flaw heartbleed is affecting people who signed up for an insurance plan on healthcare.gov. enroll lees must now create new passwords. heartbleed puts personal information at risk. it's affecting other popular websites, a well. >>> refunds are on the way to customers who were mistakenly charged thousands of dollars for food. it happened to customers using debit and credit cards at a dell taco in southern california. in one instance the bill

using sites like air b&b.ne key piece of advice, throttle of communication. >> we have a contract so i know what to expect and they know what is expected of them and there's not going to be any surprises. >> as for the noise, they have been able to hold on to the home they love. >> and last week san francisco lawmakers say they are considering making it legal for city residents to rent out their homes on sites like air b&b as long as homeowners have insurance. >> the notorious internet security flaw heart bleed is affecting people who signed up for an insurance plan on healthcare.gov. heart bleed puts personal information at risk. it's affecting other popular websites, a well. refunds are on the way to customers who were mistakenly charged thousands of dollars for food. it happened to customers using deportation bit and credit cards at a dell taco in southern california. in one instance the bill was for $5.48 and the customers' account was debited $5,480. sheriff's deputies in sacramento want them to provide t

or if air b&b will have to support it. >> what would you say is the most challenging tax issue for thering economy companies? >> i think it is awareness. there is a lot of gray area that happens when you think at -- look at the different things that you can expense. you rent your car, you clean your car, you use your car for private use. can you expense the cleaning of your house? do marketing to advertise it? especially if you are sharing. , they rentople now the houses they live in. confusion can be a very gray area. >> ok. a lot of interesting issues to tackle. so much forhank you joining us here on bloomberg west. make sure to stay with bloomberg all day today for our special taxing america programming. coming up, at the urban institute they will talk about the high seas for tax preparers. site the chinese commerce that goes public. they got a deal with the recent nasdaq selloff. next. ♪ >> welcome back to "bloomberg west." it has been a rough month for tech stocks, with the nasdaq dropping five percent, but that has not stopped companies from filing to go public. a chinese online

huge problem. >> renters are losing their places because they're violating their agreements. >> the air b&b and disrupting what we've always had. people are saying, wait a minute, year taking away my revenue. but people are going, we're doing it better. >> at the end of the day, that's why disruptive is so important because it should create a sense of urgency for everything that's going to be disruptive. no surprise the taxi industry is disrupted by uber and the like, or the hospitality industry is disrupted by air b&b and everybody that's following. we're just getting started. if their reaction is get government and regulation and legal involved, they had every opportunity to disrupt their own business. it's called creative disruption. it's going to happen to everything. >> the other flip side to that is there are uber drivers or people feeling like they're getting squeezed. they feel like they're not even making minimum wage. that's the other end of the spectrum, right? we have this class war going on right now. >> we also have the oakland cheerleaders who are not getting paid minimum w

there is obviously no application in air b&b or something like that.ers are looking for a room that they are staying in alone. they are not necessarily sharing with someone else. when we look at air b&b, one piece of what is driving folks to it is it is cheaper. one of the attributes of that is you end up sharing a place with somebody else. it is a very different proposition than what we do. >> what are you seeing on the conference front? are people booking in advance? >> group bookings are building steadily. on the books is up about five percent from the same time last year. that is overwhelmingly driven by volume. corporate business is strongest. the bookings are coming in stronger every quarter. typically what we see coming out of weak economic environment is traveler,idual transient business comes back first and strongest and the group tends to be a little bit of a lag in the cycle but we see it come back exactly the same way we have seen in prior recessions. my thanks to ceo of marriott international. students enrolled in charter and public school

using sites like air b and b and nine flats. one key piece of advice, a lot of communication. >> we have a contract. they know what to expect and what is expected of them and there's not any surprises. >> reporter: as for the noris they have been able to hold on to the home they love. >> san francisco homeowners want to make it legal to rent out their homes as long as they have insurance. >>> a security flaw heart bleed is affecting people who signed up for insurance on healthcare.gov. the flaw is affecting other popular websites as well. >>> san francisco city leaders don't want to kill the buzz but urge people to clean up after themselves after the pot extravaganza called 420. last year 10,000 people crowded into the meadow. all those people left behind quite a mess including tons of trash and trampled lawns. >> it took 25 people 12 hours to clean up after this event and cost about $15,000. >> we want to make sure because that people in our city respect one another and remain safe. >> police plan to have extra officers in and

air b&b says, look, we are getting rid of the bad actors.need the governor -- government to do this. >> and we talked about this earlier, that they have to go public. they don't want any regulatory risk overhang in their f-1 filing. that is the only reason they are doing it. if they didn't want to go public, they would not be doing that. >> it is a breath of fresh air. >> let's move onto amazon, because sales are taking a hit in the face of the election of online tax. a new study found that states that have a tax, the households have been reducing their spending on amazon by about 10%. amazon collects a -- sales tax in 20 states. this is interesting, because a lot of analysts on the street couple of years ago were saying, this is not going to happen. that is not amazon's business and it won't matter. and then bam. >> the study is not conclusive, we should mention. >> true. >> and it still showed an increase in demand for amazon. maybe they were spending less, but more people were still using amazon. and it is unclear whether amazon charges l

under the plan, air b-n-b would collect taxes directly from guests as an extra charge on their bill - same way hotels do. the rental service connects travelers with people renting out their homes, says it will begin remitting taxes to the city by the summer. out of the 32,000 cities worldwide where air b-n-b operates, san francisco and portland would be the first ones where it collects hotel taxes. activists upset with tech companies using muni bus stops for their corporate shuttles say they will try and blockade some stops today. the april fool's day protest will take the guise of a fake google product lauch called g-muni. ticket the corporate shuttles and use the money to bolster the transit agencie's budget. the protest will be this morning around 8:30 a-m in the mission district. in san francisco today. a man who was shot and killed nearly two weeks ago will be laid to rest. alejandro nieto who was fatally shot at san francisco's bernal heights park on march 21st. h,z/ a funeral mass will be held today at 11-30 at st. kevin francisco. a burial ceremony will be then be held at the

a group opposing a proposed bill regulating renting of rooms to travellers using web sites such as air b and b. under the plan a unit could only be rented by a primary resident. >> they can only do it a certain amount of time per year. >> opponents want home sharersers to get zoning through already-established procedures before they can rent. if the bill is passed they're threatening to go to voters supporters countered today by waging their own rally at the civic center. >> they explore the community spending hundreds and thousands of dollars in the mission. shopping at local boutiques, getting their hair cut at local barber shops. >> last year brock hosted 30 visitors they stayed from a week to a month. brock says the short term renters helped pay bills in an expensive city where many can't afford a hotel. so they stay here. what is more, she added, guests gave her five-star reviews >> let's turn our attention to a warming accu-weather forecast. >> it's heating up there. >> 90s around the bay area. and one record for the date. sunny skies across the bay area. let's get this out of the

>> a san francisco supervisor will propose legislation to lift a ban on short-term rentals through air b&b. the supervisor's proposal imposes a number of rules on those who want to offer apartments as rooms or vacation rentals. the law requires anyone renting out their pace to pay hotel taxes and have liability insurance. it will only allow short-term rentals where someone lives 75 percent of the year and the new law will not override lease payments. >> we have heard of naming rights to baseball same, how about city parks? in oakland parks immediate $100 million in repair. the city is proposing letting businesses or donors put their name on a park in exchange for paying for the upkeep. the city still has to decide what to charge and get it through the counsel. >> april 15 is not just a deadline for taxes. people who started but did not finish an application for health care by march 31 open enrollment have until midnight to finish the process. the state sent out 300,000 e-mails reminding people if they miss the deadline under affordable care act they will not is insurance for the rest of

a group opposing a proposed bill regulating renting of rooms to travellers using web sites such as air b and b. under the plan a unit could only be rented by a primary resident. >> they can only do it a certain amount of time per year. >> opponents want home sharersers to get zoning through already-established procedures before they can rent. if the bill is passed they're threatening to go to voters supporters countered today by waging their own rally at the civic center. >> they explore the community spenng hundreds and thousands of dollars in the mission. shopping at local boutiques, getting their hair cut at local barber shops. >> last year brock hosted 30 visitors they stayed from a week to a month. brock says the short term renters helped pay bills in an expensive city where many can't afford a hotel. so they stay here. what is more, she added, guests gave her five-star reviews >> let's turn our attention to a warming accu-weather forecast. >> it's heating up there. >> 90s around the bay area. and one record for the date. sunny skies across the bay area. let's get this out of the wa

this has been a long, ongoing debate over air b & b, the legality and tax issue. are they paying their fair share? >> i had to explain to you what it was. >> now, i am an expert. 18 minutes after the hour. let's talk about the weather that could become very dangerous. chad myers is here with a look at the forecast. good morning. >> poppy, haven't seen you all week. welcome back. an area of severe weather popped up. not many tornadoes, just yet. 58 in new york city. the cold air is here, but the warm, moist air is here. that's where the storms could pop up later this afternoon. windy across the northeast. i'm expecting airport delays. when you get 34-mile-an-hour wind gusts, you can't use all the cross runways. you can't get as many planes on and off the ground. there's the risk of severe weather from nebraska to texas. another round of severe weather into the weekend. there you go, new york city, another rainy day for you, rainy night on friday. saturday and sunday, in the plains, another round of severe weather. do you know the technical term of two rainy days fo

air b&b gave us this statement, saying the government accuses them of being bad neighbors and bad citizens. it will call us slumlords and tax cheats. they might say we faked the moon landing. that is ok. we know the truth. does that bother you? >> think about what amazon went through. for years and years, it pretended it did not need to collect sales tax, a cousin it was not really in your state. the law is the law. eventually, they had to develop a process to collect taxes in the states where they sell. the same phenomenon is happening to uber and will happen to air bmb. you get to play the coy game for a little while, and then you stop. that is part of maturing as a business. when i get upset is where it turns into some kind of restraints to trade. entrantsreventing new to the market, instead of saying, play by the rules. like you are saying the valuation talks do not bother you that much. >> you could come down a little bit, but their timing is impeccable. right at a very crucial time. nasdaq, questions about what is going to happen to publicly traded companies, you are not going to see

travis loren dean, a co-founder of a unique web site, air b&b.y have to go. listen to him try to explain it to me. i am not sure how to approach this. i am studying you very carefully here. people get in contact with your web site and say i have a bathroom to rent. >> exactly. someone who has a bathroom that might be located near an event that is happening normally event driven, mardi gras, boston marathon, new york marathon, a new year's eve, times square, someone has to go to the bathroom, i was talking to someone who said times were new year's eve people wear diapers. stuart: that is interesting. >> we are solving a problem. stuart: who decides what the rent of the bathroom will be? >> the person who is the host. stuart: is there a time limit? >> they s are available they have their bathrooms a don't call me after this time. stuart: do you get two minutes? five minutes? 20 minutes? >> we led the host -- >> they're doing it. >> number one or number two. stuart: any differentiation on time? $30 for two minutes, $50 for 20 minutes? >> we leave th

melissa: air b and don't.izens in san francisco are pushing a proposal that would pay you to rat on your neighbors will legal airbnb rentals. joining me fox business's own jo ling kent. wow, this is an aggressive, ratting out your neighbors. >> essentially housing activists in san francisco saying people who rent apartments and live in certain neighborhoods don't want them to turn into hotels. they're essential proposing idea they are taxed 30% if they rat someone out and of the back taxes or fines that are paid. 30%. the person who i guess the snitch person will receive that money. melissa: yeah. >> but it is not happening yet. this is a proposal. it is getting a lot of attention. airbnb themselves saying we don't support this because a lot of people -- melissa: that is shocking they don't support this. airbnb says, this proposal will make it even harder for san francisco to make ends meet. more than half of airbnb hosts in san francisco use money they earn to pay mortgage and rent. poor airbnb. charlie what

the companies like home away and air b&b, there are a lot of things that they work with that not notegal gevo and we hope that it gets more clarified. if it does we are looking at any kind of legitimate form of accommodation to add to our website in the future. >> the ipo is coming up, they are the parent company of travelocity. how do you view them as a competitor? >> sabr operates in its own space now that travelocity gets done by the expedia group. it is not high on my radar to be honest. i focus mostly on the things that we can control which is the execution and operational discipline that we need every day to continue the great because we have had is a group. >> acquisitions are something that you control. you bought kayak a few years ago, what other kinds of acquisitions are you looking for? >> the priceline group has made some amazing acquisitions over the years. booking.com probably the most successful acquisition in the history of the internet. our acquisitions are not that frequent. we did a lot of time to think things through. our focus is on organic growth. that day-to-da

companies like home away and ai -- air b&b, things that are in some cases not even legal.king at any kind of legitimate form of accommodation to add to our website in the future. >> the parent company of travelocity is coming up, how do you view them as a competitor? >> i think sabr operates in its own space now that most of their bookings get done by the expedia group. it is not high on my radar. to be honest. we have good relationships there. i focus more on what we can control. operational discipline that we need every day to continue the success we have had is a group. >> acquisitions are not something you can control. you bought kayak for 1.8 alien -- billion. what kind of acquisitions are you looking for? >> the priceline group has made some amazing acquisitions over the years. booking.com is probably the most successful acquisition in the history of the internet. but also kayak and agoda. our acquisitions are not that frequent. we take a lot of time to think through the companies we want to be part of the group. most of our focus is on again it -- on organic growth.

by the supervisor regulating rent are of rooms and apartments to travellers using web sites such as air b and b. under the plan a unit could only be rented with a resident. >> they can only do it for a certain amount of time per year. they have to register with the city. >> opponents want home sharers to get zoning variances through established procedures before they can rent. if the supervisors pass the bill they're threatening to go to voters. >> sharing is caring. >> supporters waged their own rally. zoey says her renters helped the city economy. >> they explore the community they spend hundreds of thousands of dollars in the mission shopping, getting hair cut at shops. >> brock lives in this second floor flat in the mission. >> last year alen brock hosted 30 visitors in her two bedroom apartment. they stayed from a week to a month. brock says the short term renters help pay bills in an expensive city. a city where many can't afford a hotel. so they stay here. what is more, she added guests gave her five star reviews. vic lee, abc7 news. >> first for a special olympics competition. ath

building a contributor under planning code earlier 11 and we had the planning code amendment to deal with air b and b rentals the short-term rentals foe this is the administrative code for the exception of the prohibition to create registry for tracking short-term residentials and to establish a residential fee. the amendment clarifies the short-term rentals will not change the unit type as residential you'll here this in 90 days no ordinances this washington, d.c. week at the board that concludes my presentation if you have any questions, i'll be happy to answer them >> commissioners, if there's nothing fallout general public comment snooed 15 minutes. at this time, members of the public may address the commission. of the commission except agenda items. with respect to agenda items, your opportunity to address the commission will be afforded when reached in the meeting. each member of the public may address the commission up to three minutes. there are not speaker cards any general public comment public comment? >> welcome mr. kelly. again, i'd like to put into our information regarding the wa

under the plan, air b and b will collect the tax as an extra charge on the guest bill and pay it to the city just as a hotel would do. portland is the other city also doing this. >>> residents of hillsburg have bragging rights this morning. you live in the second best small town in america. according to smithsonian magazine. counting down the top five for you beginning with woodshull, massachusetts, steamboat springs colorado with its music festivals. williamsburg, virginia. number two -- and number one, totaqua,new york. >>> in new york this morning, an extremely talented 17-year-old high school student has a very tough decision to make. carl inan is trying to decide where to go to college after he was accepting to all eight ivy league schools. brown, columbia, cornell, dartmouth, harvard, principle ton, university of pennsylvania and yale. he scored a 2250 out of 2400 on the s.a.t. he wants to follow in the steps of his parents, both immigrants from ghana and study medicine. the question now is, where? >> i think my preference is yale. the human body, all the kinds of things i want in

air b and b says it is reviewing the proposal but has agree withed to start collecting tax. >> one thing the city trying to control. something else trying to stop it because there is so much that goes on on the internet without the city knowing about it. >> exactly. this is really the only way they can regulate. this right now, there are so many conflicting ordinances. this will bring them altogether. >> julie, thank you for that. >>> another bay area city is requiring its residents to conserve water. today, the city of livermore announced mandatory water cuts day it to dwindling water supply -- day to its dwindling water play. the city broke ground today on its plan to repsych all of its reclaimed water. this puts the city in the position to help protect vineyards in the future. >> this allows us to be protective of our environment and it does help provide the water that our vineyards need to protect our water basin. so there isn't an additional tax on the natural water system. >> some of the vineyards already uses reclaimed water. even more will be doing that because of this project. >

supervisor choo that regulate the renting of room and apartment to travelers using web site that says air b b. unit only rented bay primary resident who has to rental stwer a city. the there are other conditions. >> that he they can only do it a certain time of year and register with the city oychlt point want home share to get zoning variances through already established procedures before they can rent. if the supervisor pass the bill they are threatening to good to the voters. >> sharing is caring t. >> supporters counter by raining own rally at the civic center. brock says her renter also helped the city economy. >> explore the local community and they spent hundreds and thousands of dollars in the mission. shopping at local boutique. getting haircut at local barber shop. >> l lives in the second floor flat in the mission. >> if kitchen and the cook. >> last year alone brock hosted 30 visitors in her 2 bedroom apartment. they stayed from a week to a month or month. brock says the short-term renter helped pay her bills in an expensive city. city where many visitors can't afford a hotel. s

. >>> air b and b now worth a lot of money, letting people rent houses, parms and rooms over to internettrangers. it's now closed at $500 million round of new investments, valuing the company at $10 billion the revenue is believed to be $500 million. >> and it's friday. that means michael finney is here with that friday free stuff. >> there you go. news to tell. and low fat cream cheese. >> you see it next to cream cheese. >> this is from challenge. they're the guys do butter now they have cheese out. now, you can know what it is. >> yes. >> it's a third less fat than cream cheese. grittier. tastes good. >> by the way worth about $three >> you can have it >> thank you. >> now, what you do with cheese, then you might want to work out. we've got you covered there at burgess pool you're going to have a choice of either a variety of pool classes or water exercise classes and beyond studio cycling classes. they're a $77 value. facility is advisable. >> i've been there. >> it's great. >> yes. >> how do we get them? >> follow along. >> yes. >> you can log on any time on abc7 news.com. >> thank

air b and b operating in 32,000 cities. >> facebook second in command cheryl sandberg sold off more thanalf her stake in the menlo park company. that information was revealed in facebook's recent filings with the sec. even with the sale she still is one of the company's biggest investors. this latest sale led to rumors sandberg is headed out the door but tech bloggers say her name is not being floated around as the head of any other large company. >> we've also learned facebook ceo mark zuckerberg made $3.3 billion last year when he exercised his stock options, the last ones he has remaining, in total zuckerberg owns 426 million shares of facebook. he got paid a dollar in salary. yahoo! reportedly looking for a new way to chase google. kayla tausche is live at world headquarters with the details. >> good morning. aren't they always looking for a way to chase google. yahoo! reportedly in talks to by web video service network for $300 million. "the wall street journal" says the deal could further marissa meyers' efforts to boost video content and add revenue to better compete with youtube.

air b and b operating 32,000 cities worldwide. >> on your tuesday morning back to our weather alert. we give you a live look at the san mateo bridge. a bit misty there. the traffic picking up. we have a lot of area rains hitting certain places, also the chilly temperatures. the stormy weather is hitting to sierra. chains are required on 80, also 50 where they are required unless you have a four-wheel drive and snow tires. >> let's check in with christina. we got you said snow, wind and lightning. and rain and fog. >> all in the bay area. you know, i'll show you everything going on. i have it all incorporated in the next minute and a half. let's start first with the snowfall. you can see the wide view. radar shows you a lot of activity starting to ramp up. take a look at this. we get the flash of white, the dusting of snow and it's cold enough throughout the next couple hours if cells pass. we could accumulate maybe two inches of snowfall there. it's a pretty sight to see that snow on top of mt. hamilton. now let's switch and show you where the lightning is. as you know we have many m

. >>> a big policy change at air b and b. >>> two historians. ♪ turn around ♪ every now and then i getbit hungry ♪ ♪ and there's nothing really good around ♪ ♪ turn around ♪ every now and then i get a little bit tired ♪ ♪ of living off the taste of the air ♪ ♪ turn around, barry ♪ finally, i have a manly chocolatey snack ♪ ♪ and fiber so my wife won't give me any more flack ♪ ♪ i finally found the right snack ♪ ♪ mayo? corn dogs? you are so outta here! aah! [ female announcer ] the complete balanced nutrition of great-tasting ensure. 24 vitamins and minerals, antioxidants, and 9 grams of protein. [ bottle ] ensure®. nutrition in charge™. hey! have you ever tried honey nut cheerios? love 'em. neat! now you on the other hand... you need some help. why? look atchya. what is that? you mean my honey wand? [ shouting ] [ splat ] come on. matter of fact. [ rustling ] shirt. shoes. shades. ah! wow! now that voice... my voice? [ auto-tuned ] what's wrong with my voice? yeah man, bee got swag! be happy! be healthy! that's gotta go too. ♪ hey! must be the honey! [ sparkle ] sweet. >>> welcome bac

warning them that some san francisco landlords are trying to evict tenants who are air b and b customers. >>> a popular craft store is the latest to report customers had information stolen in a massive data breach. michaels say customers had data compromised. the breach happened from may of last year through january. the texas based companies it has fully contained the incident. >> you have to watch your information closely. >> i usually use my debit card and now it seems like everywhere you go, it's almost like you should use cash. >> michael's subsidiary, aaron brothers framing says 400,000 of its customers were also affected. they are offerraing free credit monitoring services. >>> a mud slide earlier this afternoon brought down a tree and power lines. that knocked out power to almost 500 customers and left the road there in a mess. investigators are still looking into what caused the slide. city officials say they talked to the home owner directly above it. >> we do it to say it looks like it came from your property. if it did, you're going to be responsible. >> i looked and it's a b

is cannibalizing the hotel chains that is that people would actually go to hotels instead of go to air b. and b. instead of going to hotels as a result of the you know your revenue prevailed the room for the hotels goes. that is less revenue for the hotels and there's different tiers of it there's also one fine life or one fine stay or other and. other ones that are that are coming in as well but it's definitely disrupting the model now i want to ask you you know can you look at just intermediation as a story of the big guy versus the little guy is that kind of what it is an essentially are these regulators that are now looking at air b. and b. are they angry about new guys coming in or do they have some valid credibility in which ground to stand that says this is not ok for x. y. and z. . and what do you do there now whenever there's a new market new people are breaking up the market in a new way there's always going to be some regulatory hurdles and leaps like for instance the fact that there are taxes involved it's a heavily taxed industry the hotel industry it's a valid point right i

home sharing site air-b-n-b is pulling thousands of listings in new york city. it's in response to a subpeona from new york attorney general eric schniederman, who argues that two thirds of users in new york city are illegally renting out their apartments. airbnb says it is taking the listings down on its own, not because of the subpeona. the popular site secured nearly a half billion dollars in funding this week and analysts expect it could be working toward an i-p-o. sales of previously owned homes dropped for the third straight month. rising prices and our punishingly long winter are blamed for the 0.2% decline to a seasonally adjusted annual rate of 4.59 million. that is the lowest rate since july, 20-12 economist danielle hale remains optimistic about a challenging market. " i focus more on the fact that it's a very small decline instead of the fact that it is a decline. we're still at a lower level than a year ago, pretty notably, but given the affordability challenges that we have as an increase in prices, performance is pretty much in line with what we e

how they are getting tough on tenants renting out their homes on air b and b.hat and more at 5:00. >>> it's the best in-flight entertainment we have seen in a while. ♪[ music ] >> actors broke out into the circle of life from the "lion king" on a recent australian flight. the cast members were heading back to sydney after announcing the show was coming to the city of brisbane. they decided to serenade the passengers because they were so happy the launch went so well. >> it looks like the whole crew was there. >> what a treat though for the other passengers. >> i should say. >> they sound beautiful. have you seen the play. >> yes. in new york. >> absolutely one of the best. >> the best. movie is good, too. >> not too bad. >>> have a great afternoon. captions by: caption colorado comments@captioncolorado.com >> brooke: you're not taking over. eric, you can't let this happen. >> caroline: rick is an excellent president. why should he step down so you can take over? >> ridge: i'm pretty sure i explained all that. >> brooke: you were gone for over a year, and we had

tpg just made vacation rental site air-b-n-b one of the world's most valuable startups, with 450 million dollars in funding. the site is now valued at 10 billion dollars, topping major hotel chains such as wyndham worldwide and hyatt. it's "game on" between google and apple to woo game developers. each company is fighting for each hot new game to arrive first on devices that run their repsective operating systems. the wall street journal says apple and google woo developers with promotional assistance and perks in exchange for exclusivity. neither company commented on the reported practice. workers at a chinese factory that produce shoes for nike and adidas strike for a seventh day. at issue are pay and benefits as well as workers' rights to elect union leaders. a chinese monitoring group says 10- thousand of the plant's 40- thousand workers have walked off the job. adidas and nike have both said they are encouraging dialogue between the workers and plant owner, yue yuen. the united auto workers union has given up the fight to force a second vote to unionize volkswagen's plant in chattan

supervisors tonight board president david hsu proposed legislation lift a ban through web sites like air bnd b. the proposal would make it legal as long as you pay hotel tax and have liability insurance not allowing to override your lease agreement. you'd have to live in your home for 75% of the year. a similar proposal will be taken up tomorrow. >> we have our own sunshine here in the building. >> yes. >> what a great day. nice, breezy. no extremes here is live doppler 7. clear skies we might see patches of low clouds near the coastline. from our mount tam camera, 63 in oakland. 68 san jose. a cool 55 in half moon bay. how about this view? looking under blue skies as well, it's 68 in santa rosa. low 70s in fairfield, concord and livermore. here at abc7 looking over ex-pore mroer yim, these features low clouds near the coast tonight. just a few of them. warmer tomorrow and mild weather for easter weekend. satellite image shows high pressure still dominant feature in our weather picture bringing us clear, breezy conditions now. let's skip to thursday morning at 11:00. we're going to expect

the past year to renters who may have knowingly or unknowingly violated city ordinance by renting on air b and b. he contends landlords are using it to pad their pockets. >> landlords are interested in increasing the rent. the market is hot. they would like to get long- term tenants out. >> reporter: but this lawyer who represents landlords in san francisco, says building owners feel it's unfair that renters in rent controlled apartments are profiting when they can't. >> they are limited in the rent they can collect from a tenant. but yet the tenant can then go out and use the owner's property to, you know, obtain big profits and that's not fair. >> reporter: most leases do outlaw sublets but is an air mattress on the floor really subletting? it depends who you ask. renters like katz say landlords are going too far searching for and evicting renters on a technicalities. >> i think it's drastic. i don't think the punishment meets the crime. >> reporter: now, many new leases in san francisco are now specifically banning short-term or vacation rentals. but the semantics of older leases are be

supervisors tonight board president david hsu proposed legislation lift a ban through web sites like air b and b. the proposal would make it legal as long as you pay hotel tax and have liability insurance not allowing to override your lease agreement. you'd have to live in your home for 75% of the year. a similar proposal will be taken up tomorrow. >> we have our own sunshine here in the building. >> yes. >> what a great day. nice, breezy. no extremes here is live doppler 7. clear skies we might see patches of low clouds near the coastline. from our mount tam camera, 63 in oakland. 68 san jose. a cool 55 in half moon bay. how about this view? looking under blue skies as well, it's 68 in santa rosa. low 70s in fairfield, concord and livermore. here at abc7 looking over ex-pore mroer yim, these features low clouds near the coast tonight. just a few of them. warmer tomorrow and mild weather for easter weekend. satellite image shows high pressure still dominant feature in our weather picture bringing us clear, breezy conditions now. let's skip to thursday morning at 11:00. we're going to expec

if you're going go for it air b and b. and couch surfing.com. >> that sounds riskier. >> yes. >> yes. >> good luck with that one. >> yes. >> patty ce mails is it legal for a history shopper does the caller know they're being recorded? >> it's a two-party consent state. that means is that both parties have to know everyone involved in the conversation has to know about it. that is in california. one person has to know. so you can't wire tap both conversations. i'm allowed to recordxd the cal. you're here he it doesn't mean they're calling from here. >> i'm full not eating dinner. >> a great food item. >> hang around for that one. >> a community's effort to help a veteran and family move forward. >> coming up at 5:00 fresh fallout over a security bug. did nsa keep it a secret for years? and paintings found p a payment. how they got there, why the person hiding them will not get into trouble. >> here is our prime time line up tonight. >> remember, watch abc is now available for bay area dish customer that's want to watch onli

supervisor david hsu proposed legislation to lift a ban on short term rentals through sites such as air b and b. imposing a number of rules on people. it would only allow short-term rentals in apartments where someone lives 75% of the year and will not override lease agreements. >> bart is installing a major art project in its connector. bart sent us this video along walls of the station. bart sent us pictures of the projects 54 ronnedels the project scheduled to be completed by the end of the year >> speaking of bright and bouncy, >> we've got a strong breeze right now. it's a lovely day. you can see hardly clouds to be found anywhere around the bay area today. this afternoon, sunny skies. o clouds near the coast. there you go. and sunny skies around the bay area. blue skies in the background. 63 degrees in san francisco now. 77 in los gatos and 57 in half moon bay. here is another live view hooking west across the bay under blue skies. upper 60s in napa. almost 80 in livermore, one more live view giving you our forecast. sunny, warm, breezy near the coast. high temperatures into low 80s

we will discuss how companies like air b&b deal with tax filing. ♪ ♪ >> welcome back to "bloomberg westm emily chang. you are watching bloomberg west on bloomberg television. you can also see it on your phone, tablet, bloomberg.com and amazon fire tv. we have special programming all day long on bloomberg tv. taxing america, a look at everything tax-related. how sharing companies like airbnb and lift deal with the tax man. joining us from new york is alberto escalarte. alberto, you have big backers like pharrell, the founder of youtube. what is the collaborative fund? >> we are in early stage fund that focuses on feeder rounds. we try to look for companies that push the word forward. companies that can be sustainable and brands that shape culture in the future. >> one of the things that you do is that you offer more practical advice like how to pay your taxes, how to deal with insurance. our useful is that kind of information right now with some of those startups that are in completely uncharted territory? >> the role in helping with advice we had with experience with previous company. w

time for tech in the sharing economy, from air b&b to uber and bitcoin, we will see how this is changing

if something were to happen, the first thing we will do is air b and b our home. thank you. >> one thing everyone we spoke with agreed on, this debate is just getting started. figuring out how it will work in the city in which it was born is going to take some time. >> amazing. rent prices, home prices, this story, it all comes back to this affordability. >> that is the heart of it. some of the most vocal critics of them were also agness rip about the google buses. they say the profit incentive in short term renting cuts down on the housing cost living. but homeowners say hey, renting our home on occasion is what helps us afford live here. >> you think this internet thing will catch on? >> some day. >>> a creative solution to a notorious problem. why a bay area city might build a bunch of micropods. >>> i'm don ford. an exclusive look inside the tunnel. i will have that, next. >>> we had widespread 90s. found out -- find out which spot hit 97 today. it's warm in the city. your updated forecast, next. [ male announcer ] choose it. scoop it. pour it. blend it. [ ble

this would apply to website such as air b and d. under legislation residents will have to register with the city before and final approval is not expected the for several months. in san jose a second chance and freedom today. hit by and last november shoe is going to let let senatcenter. they put a metal plate in her leg to stabilize the fracture to the metal plate is attached to the cats steamer and will stay in their pediment we cared about cap release today at brokerage park. >> : clear out today's sunny skies and temperatures in the 67 is bay area wide. we're at near 80 in antioch sunny climate and all those occasions did down in san jose 7270 in fremont same thing in san mateo scores of the coastline tempters only a low 60s. as we look alive and archemorus cemetery bridge right now we see clear skies and a low cloud coverage out there right now. fog will be very slow to return tonight. tablatures will stay mile to overnight hours. still pretty mild out there right now. in the upper 50s and up seven cisco oakland did 64 and conc

air b&b is challenging a demand for those who are renting homes. new york state says too many are using the site to operate illegal hotels. though say the demand for information on the users is nothing more than a government sponsored fishing expedition. critics argue that the website is driving up rents across the country because landlords are representing their units to travelers. in the bay area, san francisco supervisor has a proposal to make short-term vacation rentals follow the same rules as hotels. >> los gatos netflix is coming out against a merger between comcast and time warner cable and the shareholders netflix c.e.o. said this create as company with too much power over the internet market and says comcast is dominated and fear as emergency are makes the cabling company anticompetitive and comcast is were forking -- is responding and saying the confirms are unfounded. >> the biggest names in hollywood is being asked to play steve jobs on the big scene. leonardo is being asked to play steve jobs in the official biop it c based on his. >>

air b & b. interesting thing. rent somebody's apartment or house out while they're not in it.f course, expedia.com, travelocity, this one is interesting. an app you can use to find a place to stay just about anywhere. >> announcer: looking for a place to stay that won't break the bank. from creators of grindr and tinder comes dumpster. listings in l.a., new york, and paris. then book with just a click. >> we saved a bundle on our trip to l.a. >> with room for the whole namely. >> and free chinese food! yea! >> dumpstr, dive right in. available behind walgreens. [ cheers and applause ] >> jimmy: yeah. we need to take a break. weave aven we have a lot of good stuff. if you come back, i will reward you with "this week in unnecessary censorship." >> jimmy: we've also got julie bowen, dave attell, and music from cut/copy. when we come back, i will fell you about "peeps:the movie" for real when we come back. ♪ ♪ [ cheers and applause ] we work with leading employers to learn what you need to learn so classes impact your career. while helping ensure credits you've already earned pay

air b&b this thing that allows you to stay a house while you are away. saw a reported estimation of $10 billion. i always wonder whether these valuations make sense or not. >> there is undoubtedly somebody, the head of a hotel chain just heard you say that and health a dagger in his or heart heart. they have invested a new industry. and they are starting to bump into the same kinds of legal trouble that uber has been bumping into when it comes to the limousine business. they just got permission to just sort of openly advertise listings in san francisco. up until now people who were subletting out their place were in theory in violation of their contract with their landlord, and by jumping over those kinds of hurdles, they have really created this whole other secondary market where people who are renting a place in the world's most expensive cities get to make some money back, so i think the inventiveness is what is paying off. >> i know in new york and san francisco, a lot of people are complaining where they thought they lived in a building where the pe