or air bnb calls it an experience. >> you got to open your eyes. bring it straight up slowly. full power. nose down. and we go over. >> oh, my gosh! . >> reporter: he's one of almost 15,000 people around the world sharing their skill, hobby, or passion with paying customers who find them listed on air bnb. >> people would rather by an experience than a physical good. >> reporter: the ceo launched the experiences feature on his platform two years ago. he says it's now growing times faster -- ten times faster than the home rental business. >> we want the experiences to be so good you do them if you if you live in the city. >> reporter: i never could have imagined doing this. >> oh, my gosh, you are a rock star. >> it makes it a one-stop shop for a traveller. . >> reporter: i'm nervous. in my case, what else can i try to do. >> yes. . >> reporter: with some of these experiences, you're taking a great risk. how do you vet these people? >> we'll have a very specific protocol to make sure it's safe and people have the licensings and regulations to do this. >> reporter: terry had yea

. >>> air bnb is no longer a website 20 find a room.etting into the adventure business in a big way. jamie yuccas explains. >> takeoff to your right. >> here we go. >> whoo-hoo! >> a big smile on your face. >> reporter: arizona pilot craig judd is giving me the ride of a lifetime in his 1943 open cockpit biplane or as the air bnb platform calls it an experience. >> i'm going to do a hammerhead stall. you've got to open your eyes. we're going to bring it straight up slowly, full power. >> ah! >> slow down. and we go over. >> oh, my god! >> reporter: judd is one of almost 15,000 people around the world sharing their skill, hobby, or passion with paying customers who find them listed on air bnb. >> 3 out of 4 millennialmillenng people, said they'd rather buy an experience than a physical good. i think the experience is a huge wave. >> reporter: air bnb's ceo launched the experience feature on his platform two years ago. he says it's now growing ten times faster than the company's core home rental business. >> we want the experience to be s

wanted them to get a taste of it. >> you must be different and you must be better. >> reporter: air bnb'siott which launched its moments program last spring. >> for every dollar that a customer spends on the hotel and the air fare, they spend $3 in the city. so it's an attempt to capture some of that. >> reporter: fortune senior editor lee gallagher his air bnb is banking its future in a market still in its infancy. >> experiences isn't something everyone needs. you need a place to stay, you don't need an experience. they have to manufacturer the demand and that's not easy to do. >> can i show you how to roll? >> reporter: but neither is learning how to maneuver a world war ii era plane and air bnb's philosophy is, why not give it a try? >> we don't travel to sleep in a house or hotel. we travel to have experiences. >> this is spectacular. >> reporter: for cbs this morning, high over mesa, arizona. >> they've got really cool stuff. the walking with wolves and photo shoot at the eiffel tower. material things can come and go but you can always hold onto the experience. >> remember that. >>

. >> reporter: carl khan led 40 air bnb hosts on a tour unique to the chinese culture.dea is to encourage the host to make recommendations to the renters. inside newton's market, the group was offered moon cake, a seasonal item used to celebrate the mid-autumn festival. new gold metal restaurant was known for the late night hours and specialty barbecue items such as roast duck and pork. >> giving me exposure as to where to sent people. we're building a guide book. >> reporter: at nearby house wares, members of the tour group say they didn't expect to find this type of store with bargain prices in this area. they plan to do more than recommend this store. >> i think we'll come back for ourselves, for that deal. >> reporter: the shop owner anticipates that being on the map will increase foot traffic. >> it is bringing a lot of people in, a lot of traffic. word of mouth, hopefully they will be a lot different. >> reporter: at freezing point, one of the newer businesses in the area, hand made ice cream is the attraction. chinatown officials say it is an example of the goods

. >>> air bnb going up because of a new tax, the city and air bnb agreed on a 10% occupancy task for reservations. similar agreements exist between air bnb and several other cities. >>> and now a story that you would normally only see on nbcbayarea.com as one of our social media pages. you would never mistake oakland for hollywood. the city is in the spot light with several new movies highlighting the opening. >> oakland is an unpolished gem. >> i'm so excited that we are on the map. >> they recognize the streets. they recognize the locales and the businesses. >> reporter: by some accounts it all started in 2013. it was a story about oakland directed by an oakland native. >> he ended up making "black panther". >> reporter: that story begins in oakland. >> oakland, california comes up on the screen people went crazy. they were cheering and screaming. it set all time records. it was the highest grossing film. >> reporter: he is playing two new films set here in oakland. >> i have three days left on this probation. >> reporter: it is the work of two oakland natives. it's a dark comedy t

we don't necessarily get into that detail and sometimes we do and it raises concern about air bnb or not using as a residence. it is a large residence with a lot of people living there with a lot of bedrooms. the massing works in the front. it goes longer than most on the block. there is a neighbor that bumps out, too. two things i would support. there are two third floor decks. the one in the front troubles me the most it is a typical to have that on the street level. i would support eliminating that. you access the adu down the front hallway covered at the front then you go to the living room. there is a stair to the left going upstairs. we would eliminate that. the other staircase goes to the garage which is fine from the main residence. there is that other stair down. i think we all raise the issue your living room there is a little odd in that there is a door from the light well and there is a window that is going to happen in the stairwell. that is it as far as light and air. i agree with the comments that could be a more livable unit, i think. i don't want to do it at the expe

so, you know, people making lives easier, you look at uber, air bnb, getting outside the traditionalorld, i think with uber, you can't leave your bags with, like, a car service. you have to put them somewhere if you want to go out and about your day and time is money. so -- >> you deal with travelers all day long. >> all the time. we sell convenience, so i can relate to the idea of freeing your arms, but more important freeing your mind. the pitch is an 8. i think that if i was giving advice on the pitch, i would just be very relaxed, this is in your body, in your bones, you're doing this, you love, the passion needs to come through, a little less rehearse and a little more from the heart. that's going to resonate with entrepreneurs or anybody you're looking to do funding with you. >> thank you. you both are, you know -- >> my bags are downstairs if you want to move them. >> $19.99. we appreciate you coming and giving your advice. it is helpful, thank you. >>> when we come back, we talk about patience, why you need to take your time before releasing a new product and why you have to

an air bnb that was used as a second home by his family to secure a $3.4 million mortgage. son and daughter an e-mail saying to lie to the bank. say remember he believes you and jessica are living there. a bank er that secured the loan saying they would not have approved it if they knew it was a rental unit. of course that is the very same bank that has testimony that was suggested to be nominated for secretary of the army. back to you. >> let's talk to ross garber, as we look at all of this, one of the things that stand out is what we're not allowed to know about. is there anything to read into that? >> the russian probe is the thing that is hanging over him, and it is not surprising that gates was questioning that. he was mfrt's deputy on the campaign, and it is not surprising that prosecutors will want to talk to gates about it. >> it's surprising that simple question, were you interviewed on several occasions about your time in the trump campaign, why is that question so tough to say yeah, i was. >> yeah, honestly i was surprised that the judge didn't let that line of i

. >> it would be like air bnb if you never had to meet the owner. of the great things we've done, when you rent a car, you can instantly rent it, locate it, unlock the door, drive away and do it all from the phone >> one of the other questions this brings up is the regulatory landscape. car rental association has urged lawmakers to make car sharing subject to the same fees that they are why shouldn't you? >> a lot of those regulations would not apply. >> you might have counters where you might have to have cash paymentsment except to have a box where you mail in cash a lot of those rules and regular laces don't aplay. our position is really that we want to have effective conversation around what should apply to our model and what shouldn't. >> got to leave it there certainly useful for a city like new york >> dow's up 97 "squawk alley" continues next. >>> with the major indices in the green. the dow up just over 100 points and netflix, boy, having quite a morning up nearly 4% quite a start to the trading day. >> small captious mid caps sh transports

and their doors to fire victims.they're posting their homes on air bnb..and letting fire evacuees...stay for free.we'll hear from homeowners who say it is the least they can do to help...that story...tonight on kron 4 news at nine. democratic lawmakers say, the president's plan to lower prescription drug prices... is not working. and some say, it is up to congress to fix the problem. (ken) a texas congressman has introduced a bill in the house that would give the government the power to negotiate drug pricing with the big drug companies. and a senator is calling on the senate to pass similar legislation.(pam) but as kron-4's anna wiernicki explains, conservative groups say, congress should keep its hands off. democratic senator richard blumenthal says drug prices are skyrocketing and lawmakers need to take action....richard blumenthalu.s. senator, d- connecticuttake cg @ 0:07-0:18 there is no way that america can stand idle and allow these prescription drug costs to continue increasing at the present rate.anna wiernicki: blumenthal says last may, president trump promised to lower drug pr

he may have fought it this way and air bnb has a different policy that does not allow it or not accurate. the defense has a lot of work to do because this has been a paper intensive case with cooperating witness who got up there on the stand and all his sins pointed out to the defendant and said that's my former cohort and he did it. >> like among journalists and lawyers, you often hear people say if you watch the jury, a jury that is cleared the defendant is going to come in and make strong eye contact, they're proud of what they did. a jury -- him or her found him guilty is going to overt their eyes. stuff like that we journalists watch the jury box for. having said that, what's the dynamics and i know you have been watching sitting there. >> i have been in trial for two weeks. the jurors have paid attention. there is time subject matter are dry. we have seen jurors not nod off, rick gates got their attention and they are really keying in on the discussion of lifestyle and following the tax case and the prosecution put on an expert witness who is testifying about how much money, $16 mi

. >>> next, the city's most expensive air bnb. >> many people will soon be able to enjoy this gorgeoust home.rgy, or to save energy, unplug unused appliances. do your thing, with energy upgrade california. >>> firefighters in florida worked to save two distressed whales off the coast of clear water today. the animals are melon headed whales, small whales that resembled dolphins. officials say the whales are known for swimming if deeper waters, but tried to beach themselves when they're sick, at least two were removed from the water and taken to a marine laboratory. >>> a 4:00 a.m. closing time for bars in san francisco and oakland is getting closer to reality. the state assembly today approved the bill allowing nine cities, including san francisco and oakland, to give bars and nightclubs the option to serve alcohol as late as 4:00 a.m. the bill was introduced by san francisco senator scott wiener. the senate is expected to approve it as early as tomorrow. it will then head to the governor. supporters of the bill say it will be a boost to business and tourism. opponents say it will be b

he may have put it this way and air bnb has another policy that allows this and that's not really inaccurate and at least if it is inaccurate it's not intentionally so. so the defense has a lot of work to do because this has been a paper-intensive quas with a cooperating witness who got up there on the stand and for all his sins pointed out the defendant and said that's my former cohort, he done did it. >> hey, chad, i love covering trials. if only to test all the theories that people have. like among journalists and lawyers you often hear people say if you watch the jury, a jury that has just cleared the defendant is going to come in and make strong eye contact. they're proud of what they did. a jury that has just nicked him or her, found them guilty-s going it avert their eyes. stuff like that that we journalists watch the jury box for. having said that, what's the dynamic with the jury which i know you've been watching sitting there? >> right. so i know i've been in the trial the last two weeks. the jury seems to really have been paying attention. there have been some times where the subj

concerns over air bnb rentals are the same in the big apple...as they are here in the bay area...ey affect the availability of housing for local residents. as a counter-measure to potential legislation, today the san francisco-based company made a 10-million dollar contribution to new york city charities that help people struggling with rising rent. it seems to be making the pitch that given looser restrictions, the company will do the right thing by the city. as it stands now, rentals for fewer than 30 days in new york...mandate that the owner is present. (grant) after initially staying neutral... twitter is now following suit with other major social media companies. it has suspended far-right conspiracy theorist alex jones for one week. a twitter spokesperson said the content which prompted twitter to suspend jones was a video published yesterday in which he said, "now is time to act on the enemy before they do a false flag." apple has already removed the full library of jones' podcasts. facebook has unpublished his pages. youtube terminated his account, and other technology com

. >> what about the big names, like uber, or air bnb, especially when you see more valuations cominge market >> and i think the ruling yesterday was relatively unfortunate for a couple of reasons. one was, i look at it from a consumer point of view because of that ruling, there will be higher prices, longer wait times and when it comes to ride sharing, a driver doesn't equal a driver equal a driver. some are operating four hours a day, eight hours a week, some are operating eight hours a day, 12 hours a day i think the investor very much wants these other names to come, because they are these large investable ideas they can participate in finally >> i have to ask you about tesla, you're a banker, you have been one for a while you're in that world is there any avenue you can go down that gets you to a stru structure that achieves tesla going private? >> i can point to a couple of things one, you have seen so many structures rumored in the past, using spvs, et cetera. you have seen these large pockets of capital outside the u.s. that could be utilized as well there's a lot of things th