i think this is a big problem for airbnb. there are folks out in san francisco trying to pass laws that to encourage people to give them a financial incentive to bust airbnb's business. it keeps -- >> the folks that are trying to do that, melissa, are government. the people of san francisco by and large look at polls are supportive of airbnb and why not. trade is mutually beneficial this. company provides tremendous value not only pour people who need a room, because of regulations property prices and in fact tenant prices are extremely high in san francisco to rent a many room. also to your point, people who want to make a little money. only government object in this case. >> they want to control the whole market. >> they want their piece. >> they want rent control. here is other thing. it is somewhat orwellian. isn't that in 1984, the kids and communist countries kids were encouraged to rat out on their neighbors. melissa: on their parents or whatever or neighbors? >> let me play the other side of this then. >> maybe just i

airbnb is in trouble again. as it gets ready to face off with the new york attorney general's office tomorrow a new report shows 2/3 of its listings are illegal. let's bring our panel back. liz, you've been reporting on this story all day. how do you think this shakes out? >> this is nasty war of words heading to court. on one side, eric schneiderman, new york attorney general effectively saying it is not just one person renting out, it is one person with all sorts of listings. they're acting like donald trump mini meese. on the other said airbnb, expect us to be called tax cheats or slum lords. our argument we help the little guy make money. that is where we're coming from. we do pay taxes into new york. melissa: but, scott, you have to worry. if 2/3 of their business is illegal, what kind of business do they have going forward? >> well, they're going to work with the states. that is the tough things that is going on right now, melissa, facing states in this country. is finding a way for airbnb to operate legal

how sharing companies like airbnb and lift deal with the tax man.ng 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. we also try to start projects that will help the whole and we start to see some of the pay points in the portfolio where we can help. insurance is one example. we started an insurance company for the shared economy called yield. we started a website last summer which tries to address tax questions for those involved in the shar

these homeowners use airbnb to rent out the studio in their philadelphia home.a new way to save a lot of money on your next trip. in new york city, a one-night stay in this one bed, one bath apartment starts at $200. no hotel amenities, of course, but it makes up for that in location. just steps away from the heart of times square. book a hotel room around here and you could pay as much as $700 a night. new york's attorney general facing off with airbnb in court alleging many of the rentals in new york city are illegal and costing the state tens of millions of dollars in unpaid sales taxes. airbnb said we are proud to stand up for our hosts who share homes and go against this overbroad government sponsored fishing expedition. a spokesperson tells abc news, these illegal facilities are impinging on available housing stock, lost revenue for the city and potential job losses for the tourism industry. whether airbnb is breaking the law or just the mold, the competition means for now consumers are winning. rebecca jarvis, abc news, new york. >> airbnb's rental servic

gerri: you think, i've used airbnb. one time going on vacation to paris. >> i use it one time. gerri: switched with somebody who lived in paris and somebody lived in new york and it work very well. a agreement between two individuals, right. >> exactly. gerri: but reality is these days with airbnb what is going on people are actually professionals. they have got hundreds of properties. they're putting on 40, 50, 60 at a time. they have, they have none of the, you know, regulatory force, power coming down on top of them. >> that's true. gerri: that the hotel industry does. and to me that, is that a fair? >> i think that is valid point they're acting as de facto hotels. the hotel industry and motel industry should say look, you have to get rid of these regulations you will put us out of business. you may a good point. these are voluntary transactions between a renter rentee and the you know, if they both voluntarily agree to it, who is being hurt here? gerri: the top 40 users of airbnb, made $35 million over last three ye

the challenger, companies like airbnb.g short-term rentals, typically at a fraction of the price, are booming. over 11 million guests are now using air bnb. every year. homeowners like gaston and alexa de los reyes, use airbnb to rent out this studio in their philadelphia home. for them, it's a way to earn a little extra. >> it's a very reliable and significant source of income for us. >> reporter: for travelers, it's a new way to save a lot of money on your next trip. in new york city, a one night stay in this one bed, one bath apartment, starts at just $200. no hotel amenities of course, but it makes up for that in location. it's just steps away from the heart of times square. book a hotel room around here and you could be paying as much as $700 a night. new york's attorney general facing off in court today alleging that many of the rentals are illegal and costing the state tens of millions of dollars in taxes. airbnb responds we are proud to stand up and against the overbroad government sponsored fishing expedition. a s

"airbnb" says people who occasionally share the home they live in are not hurting anyone and landlords who seek any excuse to evict tenants so they can raise the rents are only helping themselves. >>> it is 4:44 now. sections of yosemite national park scorched in the massive "rim" fire last year are now finally open again. more than 70,000 acres burned last august on the park's western edge. firefighters battled to save the historic tuolumne sequoia grove and some of the oldest trees in california in that grove. the burned forest area around hetch hetchy reservoir has also reopened now to the public. >>> 4:45. let's get another check on weather. you changed the forecast a bit. >> on the seven-day forecast instead of going with 85 degrees on tuesday i went with 86. >> we like that. >> it's a good 20 degrees above normal in some neighborhoods by tuesday but today we're just going up a degree or two warmer than yesterday which was unseasonably cool. hi, everybody. good morning. take a look outside. this is the scene from san francisco looking out towards the bay bridge where we have some

they decided to rent out a room in their house on airbnb because they were having trouble paying the mortgage. using a few tips from designer kathy hobbs like a fresh coat of paint, a queen bed or larger, plus professional photos snapped by airbnb, it was ready to rent for up to $85 a night. they netted around $6,000 in just over a year, giving them a financial cushion. >> we bought at the top of the market so that's -- our mortgage is higher than we would like it to be. >> reporter: their neighbors are getting in on the action, too, using sites like airbnb and nine flats. one key piece of advice from veteran hosts, lots of communication. >> we have a contract. they know what to expect, they know what's expected of them and there's not going to be any surprises. >> reporter: as for this family, they've been able to hold onto the home they love. their third floor is rented out right now and they're going to make a bigger effort to get more bookings to help pay for their daughter's college in the fall. david? >> looks like a nice place to stay. thank you. >>> to an image from overseas,

airbnb fans, the taxman is coming. they are announcing it will collect hotel taxes in san francisco start this summer. former federal prosecutor fred tecce is still with us along with fox business's own tracy byrnes. tracy, welcome. thanks for staying with us, fred. this is a big move but can't be the last city out there, fred that will make this move against airbnb. >> no. the government will get its pound of flesh regardless who it is from. they recognized on behalf of their customers and renters they needed to do this because the problem is you leave your quote, basically customers out to dry and at the mercy of the tax collector in these cities. this is the first domino and it will come down behind them. cheryl: tracy this is one of the hottest ipos we're waiting for. you have to ask you is $10 billion worth it when these type of issues. >> there is drop in the bucket of issues they will face eventually when they go public. this will happen, cheryl. san francisco is looking at 2$4 million in revenue. when it happen

landlords in san francisco been using airbnb hosting aa reason to evict tenants in - >>> "airbnb" isning hosts to check the fine print in their leases. it's been used to evict tenants in rent controlled apartments. hosts could also face fines from the city if they aren't careful. "airbnb" revised its terms of service noting that people will have to start paying hotel taxes. users have until the end of the month to agree to new terms. >>> that hot sauce factory is smelling up the community of irwindale. they have declared the sriracha factory a public nuisance. spicy fumes coming from the building prompted dozens of complaints. the factory has 90 days to find a way to contain the pollution. last fall it was partially shut down after complaints about the stinging fumes. but the smelly problems have continued. >>> speaking of a few smells, a unique new wedding venue has just opened up in seattle. it's a sewage treatment plant. brightwater just started advertising as a wedding venue on facebook promoting its 7 acres of beautiful gardens, the plant processes about 36 million gallons of ra

for airbnb or bad p.r. for airbnb?talking, they are going i never thought of that one. i think i ought to try this. plus what is wrong with figuring out a new way to have the world's oldest profession? melissa: may be because it makes you as a user not want to use any of their homes. the our post reported they are my authority in all related stories. everybody feels the same way. the woman thought she was renting her apartment to another woman who said she was in the military and this and that, it turned out she was instead just funneling prostitutes through the house. airbnb put this woman up in a hotel while they thoroughly cleaned her home and replace her pillows and her bed linens. doesn't it tainted the entire service make you think like everything else online, there is only behind this? >> you have to think about the airbnb guys wearing hazmat suits. forget the people thinking of using it as a place to stay, how about if you were to put your house up. now they will have premature evacuations because i would not p

prevacid. ♪ 24 hour ♪ >>> airbnb. they say you should remember this name.want to rent a room or a house for travelers. it's listed in over 192 countries. >> brian cheskey is the company's ceo and co-founder. welcome. >> thank you charlie. >> what does it mean? >> it originally stands for air bed & breakfast. that's how it started. i didn't have enough money for rent and this design cover came into san francisco. we decided to turn our house into a bed & breakfast. >> we're great for events when hotels are sold out. >> but of all days for you to be here today, let's start off the top, brian and get onto the good stuff. here's the headline. pimp my pad. heerks turn homes into b and b. there have been reports of them trashing the place and having orgi orgie orgies. what do you say about that? >> it's not something new. we have totally zero tolerance. it's incredibly rare but we're going to work really, really hard. we have a verification system who everyone can verify who the guests are and we're going to double down on this. >> my son in shanghai uses it all

"airbnb" revised its terms of service noting people will have to start paying hotel taxes.til the end of the month to agree to the new terms. >>> it's a familiar tune people have been singing for years. disneyland is marking the 50th anniversary of the popular ride it's a small world. cbs reporter art barron with the big celebration that has many feeling nostalgic. ♪[ music ] >> everyone knows small world. >> it's a small, small world ♪ >> reporter: it was 50 years ago today it's a small world debuted at the 1964 new york world's fair. a creation of walt disney, it found a home at disneyland in anaheim in 1966. >> there's so much that we share that it's time we're aware ♪ it's a small world after all ♪ >> reporter: marking today's 50th anniversary of it's a small world richard sherman, he and his late brother robert wrote the song. >> that's what it's all about. it's a small world after all. >> reporter: since 1964, a billion people have seen the attraction at disney's five resorts around the world. at disneyland in anaheim the song plays 1200 times a day. >> it's a small w

airbnb takes aim at google fiber.he phone giant lands to expand its high-speed internet to 100 communities, including 21 major cities. at&t wants to deliver the internet at speeds 100 times faster than standard web access. first, to our lead story of the day. it will soon cost more than $7.99 a month for netflix subscribers to watch originals like "house of cards." they will start charging new users one dollar or two dollars a month as netflix reported a big first quarter revenue, revenue of $1.72 million. profit soared to more than $53 million. netflix added 4 million subscribers, including 1.70 5 million international members. we have a roundtable to discuss all stop jon erlichman is here as well as chris edwards, who covers netflix for bloomberg news. the price raises the biggest deal. one or two dollars, what is it going to be? >> like they say it depends on the territory. they say they are raising it across the world for new subscribers. it will really depend on the market. they have not said what's going to happ

where do they fit in and competition with airbnb and arbo? >> home away is leader in the space.e is ream more than one player. there are seven million units overall. 10% are online. we see a secular growth for vacation rentals. airbnb there is speculation there would be a $10 billion financing deal. hard to say that is true. would be attractive acquisition candidate as well. they're starting to roll out pay per booking platform versus just subscription. we think that will start to get more traction in the market. liz: what worries me, aaron, 12% of the float is shorted. that is not as bad as something like tesla out there. does that concern you do have a few sharks circling this name? >> we see that in a lot of high flying internet names and higher volatility names. not too surprising. it is not traditional pe metrics. we think ebitda margins can be 40% plus longer term, growing revenues, roughly 15 to 20% long term, we think long term is very attractive for home away. rich: thank you, aaron kessler. >> thank you. rich: forget about jpmorgan, citigroup or goldman sachs. if you'r

. >> airbnb does more.e of the reasons i don't suspect they'll have legal issues in terms of who is the manager and who is the actual buyer so to speak. >> well, one of the primary differences is something called merchant record where when people buy travel on home away, they're actually paying owners directly where as a site like airbnb, they're collecting the money. that's similar except for booking.com. they're not collecting the money, it's going direct to the hotel. that does create a different kind of liability if you're selling the product yourself versus being a third party that's really a marketing venue. >> definitely. now to me, it's good enough that i want to not use some of the other sites if you were to incorporate restaurants. if you were to incorporate comments, then i wouldn't need on my cell phone, i could just have you instead of yelp, instead of open table. i mean, you clearly have to be thinking about that. device is better than what you're using it for now. >> yeah, you know, did just

airbnb, every transaction take place within the airbnb system.ther transaction you've ever made. they can use that to inform every rental. if they see a red flag that pops up based on your past and stop it from happening before something bad happens. >> this really about trust, jason, or about need in that we are at an economic state where people are doing whatever they can to get by? >> i think that's false dichotomy, to be honest with you. people do all sorts of things for money. a lot of great innovations happen because people needed the money. i wrote that article for money. so, you know, i don't think that -- i think that these trust infrastructures make this kind of behavior available, right? who knows what people would be doing if the systems weren't in place much the fact of the matter is we do have this trusting behavior now and it is put in place, for whatever reason people are doing it, it is made possible by these technological breaks through. >> the other side of the coin in this conversation is you can actually never be too trusting

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 expected." home sales have fallen for seven of the past eight months. a new study tallies up how much low interest rates cost consumers in the aftermath of the financial crisis. moneyrates dot com says the fed's ultra low rates meant to help boost the economy, co

. >>> and brian chesky, the ceo of airbnb joins us in studio.bs morning news" for this monday. thanks for watching. i'm marlie hall. have a great day. the "cbs morning news" for this monday. thanks for watching. i'm marlie hall. have a great day. -- captions by vitac -- www.vitac.com and i'm frank mallicoat time is 4-- here's meteorologist lawrence with check of weather. a san francisco 49er is fre bail after being arrested at l-a-x... kpix five's brian b reports issue. >> pretty nice weather outside starting out with some patchy fog out there this morning. but a whole lot of sunshine and some warm to mild temperatures coming up. more on that in a moment. >> starting off on a rough note. a road is closed by pacific. still don't have an estimated time when they reopen but police talk right now. an update if a few minutes. >> elizabeth, thank you. >> sure. >>> san francisco 49er is free on bail. brian webb reports smith is accused of yelling bomb at the airport. >> reporter: the arrest happened sunday in terminal one after smith was chosen at rand

you work with twitter, airbnb. what do those companies get? >> a lot people need to cross train.y are hired as a designer or developer and they need to add another skill set to their repertoire. treehouse is a great way to do that. you do not have to go to a physical conference or a workshop. you can learn over lunch or at home and add a completely new skill set to your abilities. people who are designers and developers need a wide breadth of skills. computer science degree and stopping learning does not work. you have to continually make yourself better. >> does the type of learning change over time? learning theom most basic concepts of what a particular practice requires to the nuts and bolts of a vocational education? >> yes. we start our students out and we presume they know nothing. they do not know what html is. they do not know what javascript is great -- is. to job-ready. once you do get an education, you have to keep adding to that. we see ourselves as a trade school of the future. i hope that educational model in america and the world moves back to the model of coming

. >>> evicted because of "airbnb." >> it was kind of surreal. >> how landlords are cracking down on tenants who rent out their homes on the popular website. >> 90 lightning strikes yesterday in the bay area. it was a stormy afternoon. today a whole different ballgame. we have sunshine back. next up, temperatures in the 80s. find out when next. >> tough love for a messy teen. the extreme way one dad taught his daughter to clean her room. ,,,, safeway gets that staying on budget can be a real bear. that's why... they've got lots of ways to save. real big club card deals, the safeway app and gas rewards. this week... life's just a little sweeter with delicious red seedless grapes just $1.99/lb. clean up with bounty paper towels, only $8.99 for 8 large rolls and honey bunches of oats are just $1.88. there's more savings to love...at safeway. ingredients for life. attack on a transient man. he fought back.. and that lo the death of a t >>> campbell police have arrested five suspects for a violent attack on a transient man. he fought back. that led to the death of a teenager who was with the grou

"airbnb" removed one of the landlords listed in the suit. no one because available for comment today. if you have a problem, call us at 888-5-helps-u. >> the lawsuit will get their attention. >> thank you. >>> the wife of an american doctor gunned down today in afghanistan says she forgives the attacker. heightened security outside a hospital in kabul after a security guard opened fire killing three american doctors. officials say that a u.s. pediatrician came to the gate to meet with the group when the officer gunned them down. chicago doctor jerry umanos was one of the victims. fighting back tears, his wife says she don't hold any ill will towards the gunman. >> our family and friends have suffered a great loss. and our hearts are aching. while our hearts are aching for our loss, we're also aching for the loss of the other families. >> a u.s. nurse was injured in the attack along with the guard. and he is in custody tonight. the motive is unclear. >>> president obama's visiting japan but he is still having to deal with the crisis in ukrain

it is interesting when you see like an ebay or an airbnb, you don't think of them as design companies>> i love their website. that is not the point. joe and brian are industrial designers. they design physical things. i love the physical environment. they get the space and the physical environment. the website is an artifact of that. the website is a scaling mechanism for their sweet understanding of the physical environment. the design is all here, not on the web. >> what is the wrong way to go about design? who is doing design poorly? >> i never like to throw rotten apples at people. >> i figured you wouldn't. it is a bad way to go about it? >> a good way -- the wrong way to go about it is very common. you realize you forgot to make it palatable for people to use. so we'll sprayed on top. i will call it lipstick on the pig. i never liked that. why does it happen? because technology was always a game changer. why would you care about design? design was something that was maybe pretty frivolous and never had a big impact. design has been a big problem too, how we talk about it. if you

the new york attorney general now investigating airbnb.says most of the rentals are actually illegal, violating a state law because they're sold by the night instead of by the month. bottom line, do your homework. >> yeah, definitely. >> that would be your worst nightmare. >> especially when you get to the moist part. >> yeah. >> ugh. >> could have left that to the imagination. thank you. >> by the way, in the beginning, i said share your life. everyone in the studio here though i said share your wife for money. probably just share your life instead of your wife. >> you've been in south africa too long, my friend. >> jeff, thank you. >>> coming up on "trending," is it really necessary? we're talking about a mall that's installing a fast lane for speedy shoppers. >> yes. >>> and next, finally something to celebrate for long-suffering cubs fans. we'll go to historic wrigley field, right after this. woman: everyone in the nicu -- all the nurses wanted to watch him when he was there 118 days. everything that you thought was important to you ch

they are also consumer companies on the list, like airbnb.orried at all about a bubble, ridiculous amounts of capital chasing deals, things getting a little too hot? >> it is the responsibility of the company to grow into that kind of valuation. we have grown 100% over the past three years. it is all those tools that drive efficient processes and sales. there will be a multibillion dollar company. it is my responsibility, having taken so much capital, to provide a return for my investors, and my employees, and frankly the community around us. for us, it comes down to growth and owning. >> what was the valuation? >> significant. >> multibillion dollars? >> it was significant. >> now that you have raised money you have a lot of cash in the bank, what is the road ahead, when might you consider a public exit? >> it is all about growth. an ipo is an irrelevant funding stage in the company. for the last three years we have grown 100%. i would hope to continue that kind of trend over the foreseeable future. we will grow well over 100% this year. i a

. >> will you ever be adding bnp -- andom an air airbnb or a home away? have been increasing our portfolio of accommodations. last year, we went from 290,000 to over 400,000 properties on the booking.com site. we are going to continue to look at that. aipanies like home away and rbnb work on things that are in not even legal. we're looking 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 theirace now that most of bookings get done by the expedia group. it is not high on my radar. we have good relationships there. i spoke mostly on things we could control which our execution and 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 dollars. what kind of acquisitions are you looking for? has madeiceline group some amazing acquisitions over the years. is probably the most successful acqu

. >> i think it's a drop for them, airbnb. >> that's crazy. >> let's talk about goodrich pet troel yumwell in their shell. at the smart board with more, dan. >> the stock was up 30% today. options volume was hot. about six times. five to one today. there was one massive trade interesting where a trader sold some april calls. sold 10,000 of the april 15 calls. obviously a big winner and used the proceeds to buy $20,000 of the june 22.5 calls. they would control up to 2 million shares of stock. what's interesting about that when you look at the chart over here. the previous high, if this is a one year chart is right about to break even. 10% higher here. one trader is pretty bullish when the stock was up 30%. >> thanks for that. more options every friday. check out the website. options action.cnbc.com. up next, one silicon valley company changes the way you see things. plus brian explaining how he got bit by the coin bug. more "fast" straight ahead. it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameri

how you could be evicted for renting your home on "airbnb." >> it's not something that either of us wanted. >> the trend forcing a popular bay area skating rink to close. ,,,,,,,,,,,,,,,,,,,, website. hundreds of tenants have be getting eviction notices ov >>> landlords in san francisco are cracking down on tenants who rent out space through the air bnb website. the landlords claimed the tenants violated city ordinances by renting their rooms. >> 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 obtain big profits. and that's not fair. >> ordinarily what we're seeing is that landlords are interested in increasing the rent. the market's hot. they would like to get long- term tenants out. >> most of the leases outlaw sublets. but many new leases specifically ban short term or vacation rentals. >>> it is the end of an era. the south bay's last remaining roller skating ring closing in may. and as kiet do reports, it's bittersweet but apparently it's time to move on. >> reporter: san jose's one and only roller skating

that kind of valuation on airbnb? five years ago where was this company? is this a real company?s a very real company. i don't know about valuation, but this is a testament to the valuation by such an injection of capital to the tune of $450 million but this company in san francisco has made significant and roads for people who want to list their property for vacation rentals and it has taken a lot of share away. gerri: it does a great job, but it gets this kind of valuation from investors? why so high and what the detailt tell you what the rest of the tech land? >> everybody's furniture will eventually be a contender in the hotel market. i don't necessarily disagree with the valuation if you agree with the long-term prospects of the company and the enormous audience they can tap into. gerri: they are valued higher than major hotel chains. all they do is match buyers and sellers. that is all they have going for them. i think every once in a while you have to ask questions like this. >> when the hype is high, the valuation can be high. you have a new shiny thing. not that it won't

manage airbnb started introducing people who are using airbnb to rent apartments in their neighborhood to each other to petition for a better park or for a bus to come by to pick them up or for a better school or for universal pre-k. or what if the owners of uber were not the venture capitalists but the drivers themselves? we talk about the sharing of economy. does really lousy term because -- sharing economy but owners get paid in cash. it is not a sharing economy. the way to solve our political problems going over the next 20 or 30 years is not wait for government alone. partner with the government and partner with each other. >> joe, the initial question was about immigration reform and middle skilled wages. evidence on this is really, really clear. if anyone is hurt by massive waves of immigration, it ain't very many people, it ain't very much. if anyone at all is hurt it is people at very, very lowest end of the wages, those busboys and dog groomers and people like that. the evidence there is mixed. if they are hurt it is not very much everywhere else immigration is net positive.

we're taking on the struggle to regulate airbnb. is a million dollars enough to retire on?ound like a million can get awe great place to live. gerri: we'll help you find your number. we're watching out for you on "the willis report." well, tonight some good news, from an unlikely source. the federal government. the food and drug administration today announcing they will begin regulating, regulating,

yeah, we know that they missed out on the whole rally last year. 2/3 of new york city's airbnb rentalsegal sublet's. new york attorney general eric schneiderman is on the warpath to subpoena the home rental marketplace to identify users illegally renting out apartments. >>> gas prices climbing to a 13-month high according to "the lundberg survey," 13 months, yeah that high. gallon of regular gasoline rising to $3.59. >>> kraft recalling 3,000 pounds of hotdogs, due to wrong packaging label this is important. i'm going beyond the buzzer. some packages contain cheese dogs. and though allergic to milk or whey that could be a problem. david: insider trading cases are tough for prosecutors. they're tough to approve. tough to find out what exactly insider trading is. we may get clarity by two hedge fund managers getting trading information several times removed from tipster. they claim it is unfair to claim insider trading when he didn't know who the tipster was or profiting from that information. do our legal he eagles agree or disagree? joining us, fred burns and -- doug burns and fred tec

rich: with tech titans like airbnb and zynga and twitter in his portfolio, ben horowitz sits on top oftalism world. liz: at the very top. risk and reward anchor deirdre bolton. >> thank you very much. liz: you got exclusive interview. >> i was really psyched that he came in and gave us the time. as you said, he really is at the top of the vc world. so i spoke with him, listen he has decades under his belt as an entrepreneur himself. also an investor. i spoke with him about leadership. i don't know, when people talk about leadership, my eyes glaze over. leadership. highs some good insights, i asked him how basically his perspective changed being at the top. this is what he told me. >> the hard decision are ones where there is not a good answer. you will go bankrupt or have to lay a lot of people off. like a successful person does or straight-a student does or good ceo. you have to be able to make that decision. laying people off is way better than going bankrupt. >> he talked about how life is different than mba class and studying and by the book. obviously in a live business it is orga

>> i have used airbnb.first place cheaper and more comfortable. >> i'm so lame. >> you do not take vacation so why would you use it cap go >> hotel lamb cast her in paris. like thank you. greatly appreciate your equity wisdom. forex report, no wisdom there. rubel -- 236. much more for you including grover norquist. it is bloomberg "surveillance." ♪ >> there is gunfire and death in eastern ukraine. the united states ambassador to the u.n. says, there is nothing grass-roots about it. an hour. reports in at 8:00 a.m. they will ask 300 jobs. adam is moving to the very grand cayman islands. tax day is upon us. everyone.ng, this is "bloomberg surveillance." i'm tom keene. joining me is adam johnson and alex steele. adam johnson does better than good at our morning break. what we have today? >> ecb president mario draghi says that the strengthening of the exchange rate requires further monetary stimulus. saturday marked the strongest statement by draghi. it is getting too expensive. they want to make their product

airbnb is going to get bid up. >> what do you make of the square losses?y discussed it, actually. and i was saying i think they needed to sell the company to google when we sell the original rumo rumors. not surprising. it's a credit card processing platform. the margins are thin and they are not the primary processor. they have to give away a big portion of it, as well. i do think it creates a situation where they have to be a strategic acquisition for someone that wants to get into payments that hasn't been there before. like an apple, like a google wallet. >> right. >> provide a lot more adjacency value. >> although all three of them say the level of interest that's being talked about in the journal is not exactly right. >> right. but what else would they say, right? >> i didn't realize that square had more than already 1 million relationships. >> and everybody wants to get out of the small business space, as well. for google, they've always wanted small, medium business advertisers on the platform. tieing them to something like that for an open table,

. >> one of the winners this year, airbnb making a little news. here's what happened.erties in new york city because they say the hosts were not consistent with what the company was trying to promote. new york state attorney general eric schneiderman says they were about to get taken to court and he basically saved themselves by effectively shutting down. disruption and doing it differently outside the regulators, yet here come the regulators. marshall, what is your take on regulating effectively agreements between consenting adults? it is a consumer product. if people are going to sign up to stay at somebody's house you might want to know a few things -- that you are going to provide some things. it seems fair game to me given this is a consumer business. >> it is indeed. >> maybe it should be taxed like one. >> even michelle davies, thank you, webby awards director. michele davis. coming up, itunes account versus amazon account. you have both, right? >> a base hit lee. >> tom has both. you might be surprised to learn one is growing much faster than the other. coming