. >> that's one it will say not airbnb is paying to do this or it is not going to do that 0 that's the whole point you have this complete hiding of the transparent it is not a question of oh we're making transparent we're opening up transparent and showing some of the things that commissioner renne said a whole system of real really devus politicizing and will advertising and actually, the powers that be and the money behind it is no way apparent and hidden oh somehow that's okay. >> i'm not against transparent commissioner vice president haney i need to voice. >> i understand and i we're going at it in a nice robust way that is the way. >> just to be clear that effects innocence; right? >> as it lays it auto on page one beyond why it can lead to the same echo in terms of elective movement or administrative movement why we felt as the nonprofits can be excluded there and is now 0 somehow not within an expenditure of this proposed legislation not have that i believe that how nonprofits do business is different than airbnb and uber that is in the course of work they do detail while they'

to regulation for that to address that you and commissioner vice president haney rightly brings up airbnb and uber i'm sure they have regulations they spend 10 percent off their time going just that and in the 10 percent of time achieve exactly what we want to achieve and i6789 we're leaving it to regulations they've spent 90 percent of the time and get what they want and we haven't addressed that the double-edged sword i wanted to touch on based on the nonprofit that ultimately hold many contracts with the city city's work gets down through the nonprofits conversation and engagement with the city department and such i know there are exemptions that are made and contact i believe on the contact by not under the expenditures i wanted to hear a couple of examples of nonprofits that has expenditure activities and i can't they're not exempt would the coalition to end i think equality for those who's who has as series of town hall meeting offender pizza that are impacted by the equality in san francisco play that one out or a couple of example of nonprofits that falling under this particular l

. >>> a battle over airbnb. supervisor david campos tries to clamp down on the hosting site here in san francisco. i'll tell you what happened coming up next. >>> also the viral video fallout. the growing backlash after a texas police officer is caught on camera pulling his gun on a group of students. >>> and i'm janelle wang. once one of the most powerful men in the country, today the center of a major scandal. former house speaker dennis hastert emerges from hiding and makes his first court appearance on charges he hid hush money to cover up a dark secret, next. ♪ ♪ ♪ it took tim morehouse years to master the perfect lunge. but only one attempt to master depositing checks at chase atms. technology designed for you. so you can easily master the way you bank. >>> a showdown over airbnb shut off for ear month. today the san francisco board of supervisors rejected a plea to tighten regulations on the hosting site and the people who use it to rent out rooms and their homes. mark matthews is live at city hall where

he spoke with the cofounder of airbnb. emily: we really focused on cuba and airbnb's efforts.uickly growing market for them. the fastest-growing market that he talked about was china. we went in depth about the chinese opportunity. take a listen to what yet to say. >> china as a country as a source of travelers, is growing faster than any other country in the entire world. incredible growth. it is really an amazing thing. there is a growing middle class. increasingly, the first thing they want to do is experience the world. many have not left the country before. china now represents -- it is number one in terms of international tourism expenditures. it was $100 billion back in 2013. the estimated it would double again over five years. put that in comparison -- the next two highest are the u.s. and germany with highs of $80 billion. the future of international travel is the chinese tourists. emily: we talked about the unicorn that has been coming out of silicon valley and whether he feels that airbnb has really made it internally. one of the things he said is that growth has be

and those parts don't fit well, we're hearing issues of double reporting i think in some ways the airbnb that hires hires the big fancy lobbying firm putting those ads and doing this information their filing as contract lobbyists and only closer the conversation for the firm whereas the nonprofit has to itemize all expenditures at one thousand delores we're not on equal footing i urge you to continue the discussion no rush i encourage you to take a few more months maybe only another meeting and hash outlets put things with work on the ballot or before did board thank you. >> thank you. >> good evening, commissioners my name is chris wright the executive director of the committee on jobs and registered contact lobbyist just to i guess refer to some of the comments before i'm concerned about double report as a contact lobbyist i have to file which is fine i love the net file system it is great i would hope that the commission and the staff are combrrnd in this legislation to make it as seem also as possible not to file another paper reports or have to pay another fee or whatever it should

this is attempting to address so in terms of the doing something indirectly if you have for example airbnb to get one group to influence another group to do something directly it is done indirectly if anywhere along the chain of causation you have a particular entity or group or person that is doing these things to have the ultimate effect of what we're talking about that's an expenditure lobbyist. >> i see so it is meant to modify - we are trying to find people that are indirectly - >> you're going others to communicate with an officer or of the city and county. >> not under theirs ways to indirectly communicate. >> as it is now it is almost actress lee like money laundering a series of tractions transaction or individuals or individuals that at some point the strings are being pulled by some puppet master that effects policies of the city and county of san francisco and that whoever that person is no matter how many indirect issues that person is a lobbyist. >> bans if i people one change i'll propose where we say who makes payment totally 5 thousand one hundreds i might add directly or

. >> airbnb and making sure those in san francisco are ready to go for the pride festivities. >> it is doing more than helping people find a place to crash. ♪ what it is ♪ ♪ what it is ♪ >> airbnb sent an e-mail to users with to video asking users to sign up to march in the pride parade and do this dance. airbnb worked with rapper lee to create this five move dance so everyone can be in sync during the parade which is four moves more than i have in me. >> come on, eric! we can do that. we should do that. and post it on youtube. >> we will work on it. >> leyla is the choreography. >> eric can keep the beat. >> the alameda county fair will be warm at 86 and nearly 100 at 3:00 and a lot of the rides are on the asphalt. 89 at 7:00 and mild by 11 o'clock and as you watch rodney atkins sing. and the snow may fair counties from 88 do 91 tapering by 81 at 1:00 o'clock and 63 by 11 o'clock. it will be dangerously hot everywhere and another record in lake tahoe at 90. the only place not 100 is on the coast from eureka to san diego. >> we have 33 bart trains on time. ace train one is on time. gol

one of the things he talks about is how fast airbnb is growing.aying attention to the numbers. it surpassed all expectations. my expectation is that this company would be a side project, frankly. materialized into something so huge and transformative it is hard to understand what the numbers mean. so no indication on when they will go public, but there is an eeo said that airbnb will be public. nathan told us last night they have not started the process, but that is one we have our eyes on. it will be a great day at the bloomberg tech conference. first up on stage, dick costolo, i'm going see no twitter. also yahoos ceo and the ceo of pied piper. olivia: thank you so much. we cannot wait for those interviews. watch more coming up. olivia: good morning. it is 11:00 in new york. pimm: welcome to bloomberg market day. in or out. self-promoting billionaire donald trump is a new york saying he is moving closer to a present to run. olivia: dozens of billion dollar but wills -- startups, janet yellen be the one who turns off this big it in silicon valley

tonight, one million people will sleep underneath the roof of an airbnb. there are so many problems that we need you as a generation to solve. so again, i challenge you, tell us, tell me what problems you'll solve. i see natalie padilla said getting more help for people who have cancer. jalen, who is in the audience, a graduate, says climate change. these problems you have been given all the tools from las positas college to solve. and i hope as you go along your path, as you continue to find mentors and teachers, that you'll remember that you have two hands. one to continue to reach up and receive more skills to solve the problems around us. but don't forget that the other hand should be used to reach down and to lift others up. next year, five years, ten years from now, hundreds of graduates

let's look at airbnb.o be a little-known startup has served over 35 million guest's worldwide. the company is currently raising funds at $824 billion valuation, surpassing brand like hyatt and closing in on hilton. alix steel joins me now. empirical, not just anecdotal evidence about how they are hurting the traditional industry. alix: this came from boston university. they measured the impact in texas, specifically austan. from 25 listings in 2008, it's jumped five times that. the company is growing expansion with air and of last year, there were 8575 listings. the study estimates the impact on hotel room revenue could be between 8% to 10%. it has been hard to qualify it. 10% is not in material. scarlet: particularly it has hit the lower and hotels that don't cater to business travelers. they are the ones seeing business go to these rented apartments. what the study found is these hotels are having to reduce the rates to attract people and that lines up hurting the revenue. you can see the huge growth in

also the home rental site airbnb is in talks to raise funds, as much as a $24 billion valuation.e take a look at the animal spirits, all things tech, all things innovative, what does that tell you about the market? the market is starting to pay attention to the economy. the market is starting to pay attention to what the fed is saying that there might be prevarication among the officials about when to make the first rate hike. alix: when you see these companies go public, airbnb, 24 billion dollars valuation, is there concern there will be a private bubble in the public sector? paul: that is always a concern, but i think the fed is really committed to raising rates at some point. it will not be possible for those deals to get a lot of traction. of itdoes that part first? to we not see a $24 billion valuation if the fed raises rates? paul: i think it is probable that fitbit and other companies that do ipo's in this space have to rely on their own fundamentals. there are tech ipo's that have not done as well. i would not be inclined to take too much away from that. alix: i want to

airbnb released a statement today, saying in part the majority of airbnb hosts are regular san franciscans sharing their homes to make ends meet. >>> san francisco supervisors voted this afternoon to require health warning labels on sugary drinks. they say the city is the first in the country to take the step. the goal is to reduce health problems. the labels are go too go on drinks with -- labels are to go on drinks with 25-calories or more and it bans ads on billboards, taxis and buses but not in newspapers or the internet. >>> the california beverage industry issued a statement in reaction today and it reads singling out one industry and one type of product does nothing to educate people about the importance of balancing calories and activity. they say they are exploring all legal options. >>> new at 6:00 p.m. tonight a look at where the money is going from berkeley's new soda tax. to a garden filled with puget sound -- with fruits and vegetables. money is being used to teach children better eating habits. >> reporter: for these third graders this outdoor garden is their classroom. it i

for cooper airbnb -- four uber airbnb, and interest. -- interest --pinterest. are these fair?s no doubt about it. things are very expensive. if you look at the data, series a valuations have doubled. emily: how are you hedging your bets? >> you want to be selective about the companies that you invest in in the later stages of your journey. what we look for there are companies that can be really large and are emerging as leaders in the category. also, we go early where few people will play. emily: the ceo of hp says there is a lot of consolidation coming to tech. we are already seeing big deals like intel, do you see that happening to startups quickly? >> i am sure there will be some, there always is, but the difference to me between now and the late 1990's is that you don't have to merge with anybody, you can take on incoming companies and merge successfully. my favorite example in our portfolio is casper, the mattress company. these stanford graduates -- emily: i have a casper mattress. i like it. >> they are growing like crazy. in the late 1990's, they would have to work for

airbnb founders, i said guys, this is dangerous. think somebody might get raped or murdered while they are staying at someone's house and the blood will be on your hands, and i said this out loud to the guys. emily: you didn't pass on uber. you own 4% of the of the company. chris: i was lucky to be one of the very first investors. i had deep convictions about what could be. emily: you don't think uber has used any dirty tactics? chris: i don't. i think they have used aggressive tactics. emily: how big do you think uber can be? chris: that is truly limitless. i do not think it is worth less than $200 billion by the time it goes public. they are nailing down the food business. emily: taking on fedex, is that something they would do? chris: they are delivering packages to hong kong now. there is a cool company shipped. i did not invest in it because i think it is likely that is something uber will likely do. i don't own instacart stock because i think it is something uber will do. i think travis's ambition is boundless and his ability

pimm: do you use airbnb? jeff: i do.imm: what do you think of that investment -- as far as an investment? jeff: i wish i had not passed. three hustlers who said they had a company called air bread and -- air that in breakfast and they needed an investment. olivia: is it worth $24 billion, that is the latest valuation? pimm: that is going to make him cry. more stories have than this. olivia: but seriously, it has more valuation than marriott. is the think there situation where public market investors try to get involved early but guess what? people who try to get into an ipo today couldn't. people who try to get $40 million in want to avoid this and that is why they are sort of plunging into airbnb and over -- and uber. pimm: you mentioned uber. what do think, a public company by next year? jeff: i don't know, but from what we are hearing from this scale, it seems like they are doing what they want. but with this overlook of the market, i don't know. i think they still want to build their footprint. but those are often co

. >> reporter: advocates took their protest against rent tools the door step of airbnb.owners are getting rich, offering units for short term rentals and tightening a tight housing market. >> 23% of our vacant units are off the market, rented to tourists rather than the tenants who need them right now. >> reporter: mayor ed lee is backing a plan to limit the days homeowner can rent out as a vacation rent tool 120 days a year. he says that plan doesn't go far enough to protect rental units. he is requiring home owners to register with the city before offering up a rental. 60 days a year and requires companies to share information with the city. >> what is before the board, that is what -- [ indiscernible ] to regulation airbnb. >> reporter: they are set to vote on the proposals tomorrow. advocates say if they are not happy they will take the issue to the voters in november. >> we will be going to the ballot. >> reporter: airbnb said short term rentals have not had a material impact on housing availability. they sent an e-mail reading the vast majority of hosts are regular

they're getting into the share economy as well on a much smaller scale than airbnb.re's competition. stuart: let's bring everybody up-to-date. we're roughly up 100 on the opening. and fitbit opens in the next hour we believe. a likely price for fitbit it's way above the opening the initial price offering. i've got to break in again. breaking news yet again, mid day the house is about to vote on obama's fast track trade. bring in congressman darrell issa. congressman are you there? >> i am. stuart: you are indeed sir. >> i am stuart. stuart: can i straighten something out, sir, house members are voting on a fast track authority for the president and only pass if i'm not mistaken with a lot of republican support for president obama, the democrat have i got that right? >> that's correct. >> when president clinton can nafta the majority of the votes come from free trader republicans that's the case for two decades. stuart: i want to segue to what we've been talking about on the senate, that's the sharing economy. i believe that you are the chair of the house sharing econ

airbnb.elong anywhere. >>> i'm john clark, the phillies were down 4-1 last night. they came back and won it in the ninth. eighth inning a bizarre situation. coal hamels comes out for the warmup toszs. hamels is lifted from the game during his warmup tosses. we're going to hear what happened in a moment. phils down 4-1. chapman down to close it out for the reds. hadn't given up a homer this year. franco does it again. wow! three-run homer to tie it up in four. second straight night he did this. freddie galvis unbelievable second straight walkoff win for the phillies they win 5-4 what happened with cole hamels he said he knew he was just going out there to fill time for ken geils to get ready. >> you knew you were just buying time? >> yeah. >> you know that alarm bells went off? >> you didn't like my acting. >>> lesean mccoy is speaking for the first time since he said chip kelly got rid of all the good black players on the birds. there's a good reason for it. lesean met with the buffalo bills

i don't know -- >> airbnb makes sense to me. >> $24 billion. >> i don't know about $24 billion but airbnb i get it. >> sounds like a classified ad or something. >> it is. that's essentially what it is but it allows people who are traveling to go in and find places to say they never would have been able to before. i don't know about $24 billion. i think it's going to way where it completely disappears. >> i don't want to go into some place that i have no idea and i don't want carrying bed bugs -- >> but you can get them in four star hotels these days. >> i still get the seinfeld problem with the uber drivers. any kind of car? >> not in new york city. has to be a license taxi commission situation. but go to another city and yes. >> some guy can show up in a volkswagen. >> no, you have to have certain types of cars and model years. >> but you can have some -- >> a little farther. you can't show up in a 1982 chevy. >> they rate you too. >> you have a very low rating right? >> no you have a descent rating. >> i have a pretty good rating. kayla, i don't know what her rating is but it's better t

apple, if you strip out the $200 billion in cash, that is okay, you know, fitbit might be okay but airbnbnot okay. >> we have a whole segment on that. for the viewers, the s&p 500 stocks have been things like intel, those are good names, you can hold those stocks and we have carl ichan and others. very cheap with great ecosystem. i was talking with stuart varney about what i'm calling the private equity market. >> the unicorns. >> yes, the unicorns have plastic unicorns. >> okay, we are going to talk specifically about airbnb and i agree with you on that. why it may be a little bit different could be part of this. >> it's also how quickly they brought in the public and i think they did a great thing to the people that use their product whether or not you think the one trick pony. but in biotech are you in any stocks? >> no, i'm not an investor but i understand why they are going up into hillary's point, the interest rate really do matter because what they do is set the quiddity table in the markets so we have all this liquidity. >> the quiddity is liquidity. >> liquidity is every cycle th

matt: you're not supposed to use your property strictly for airbnb.here in new york? josh: it is raising all these questions about what constitutes a rental property and what constitutes an ownership property. what constitutes a contractor? what kind of rights to their hive -- do they have? we had a case from california saying contractors for bloomberg can be considered full employees in the have to have all these methods and rights associated with employee status. we put out a whole brief last week with a special supplement on the sharing economy. one of the questions we explore their is the fact that we will need new types of hybrid categories. you're not just a contractor or employee. you're going to need a different bundle of rights. there is a new union set up by freelancers working for gawker and they explore these questions. they said we don't necessarily need pension benefits or retirement benefits. what we really need is health care. they are focusing on what they need in the 21st century. stephanie: are these young people who are not thinkin

your ubers, your airbnbs, your munchries. where will those end up?e will succeed and some will fail. >> a lot of them will go public. >> fitbit is up 15% today. >> they will. what jon just said is true there are two ways to think about that uber and companies like it are meta companies, they take advantage of inefficiencies in the world and try to solve for them with technology. there's an amazing growth in that area. on the other side, you have to sit back and say -- the tech bubble itself isn't really a bubble. it's a themed bubble. when jon just spoke about the cloud, the cloud future is based on security, right? can you build a data center that is more secure than oracle or amazon or ibm or -- fill in the blank? i would think a lot of people are going to say i would like a gigantic tech company, who is awesome at security. preventing me from the u.s. government which just lost four million employees' information. the cloud business is going to become a different kind of business than it was just a year ago. jon is right, the meta services, you ha

fledgling capitalism in the home of the hemisphere's socialist revolution. >> ( translated ): airbnblready been established in this business, and they are preceded by great credentials, so we're getting into something that is already structured, and that will help greatly. >> brown: help tatiana. and help visitors. for, yes, the americans are coming. strolling through a colonial square, riding in open air tour buses, taking selfies with che guevara in revolution square. in fact, we saw more american flags, even if people were wearing them, than portraits of fidel. and many cubans we met are saying: come on down. >> ( translated ): we always love united states people and this is god's doing, that he is making possible this union. i'm saying to obama and to our president, to make this possible. >> brown: and why not? music everywhere, world famous cigars, sparkling beaches, he romance of a time gone by. so old cars and all, is cuba open for american business and tourism? well, no. tentatively at best. but does it seem to be opening? yes, and we found signs everywhere. this group of ame

airbnb is seeking $1 billion in new funding.l street journal says that the company has told potential investors it expects $850,000,000 in revenue this year. more than triple in 2013. for now the company is burning cash to expand and projects an operating cost of $150 million this year. >> revenue missed analysts forecasts. the company blames weak sales of its software licenses on the strong dollar. there was one bright spot let's have a look at share price action. down 8.5% in german trade today. >> and you have been writing in telling us who you would like to see on the new $10 note that's going to be printed state side because they want a woman to be on the new $10 bill. we'll evaluate the top contenders. >> indeed. one that should be considered is louisa that just told me she is half american so she qualifies. get your tweets in. we're back in two. more and more, data is visual. in fact, the number of mris has increased by ten percent a year. and a radiologist might view a thousand images to find one tiny abnormality in shap

. >> i do airbnb over many issues why don't you stop the clock. >> the clock is stopped you're putting anti statements are not true i appreciate if you'll in the mention that. >> i'll be curious to see if you're telling me the truth they put act out the hit champion with christine the one percent bought you, your bought and paid for like a more than day slave. >> boo. >> wow. >> thank you. next speaker, please. >> supervisor campos. >> madam president i want to say as someone that strongly believes in the moratorium the service to what we're fighting for there's no place for racism and anti semi telling them in the language that was presented we should focus on facts and i'm perp offending by the things that were said. >> (clapping.) >> thank you. next speaker, please. >> hello, i'm an organizer i'm also a displaced person from the mission my family lives in the mission you heard the testimony from my mom and sisz i can actually afford to live in the mission but i work here and support a lot of the community that is being displaced with dealing with harassment everyday in the mission o

companies like google has done with public information we are trying to do for the private information. , airbnb isving cars going into cuba. >> carousel for instance. back, ok i have this problem. my photos are in 100 different places. in the future, you should be able to have every photo taking with you wherever you are in your pocket. when you multiply that towards hundreds of millions of people, this is one of the largest question -- collections of memories. we want to reimagine how people remember their lives. those will keep us busy for a long time. >> how much do you think about building your own server? >> we invested time in our own infrastructure. we also rent a bunch of infrastructure from amazon. of our infrastructure, we can get a lot out of commodity servers. there may be additional gains by trying to bring in something else, but we do a good job of that. >> you are 32 years in young. what is the hardest lesson you have learned sec eeo? >> i think the hardest challenges are with people. putting people together and get them all pointing in the same direction. there will be people th

olivia: a lot more people are using uber than airbnb. $24 billion? matt: number five is the u.s. treasury, planning to feature a woman on its currency notes or the first time since w martha washington. there was the susan b anthony dollar as well. it's soliciting public comments and will decide by the end of this year -- i was thinking aviation pioneer amelia a heart. -- amelia ehrhardt. olivia: i was thinking rosa parks. it has to be a woman who embodies inclusive democracy. you know where he got the idea? a nine-year-old girl from massachusetts wrote to president obama last year and he said that sounds like a pretty good idea. i will say the $10 bill is the least circulated bill. matt: one i rarely use per alexander hamilton is one of the most important figures in u.s. history. olivia: there will still be $10 bills with alexander hamilton. matt: turning back to fed policy , i want to get our own economists take on the fomc statement. josh wright and our team saved the most important new information came from the. dot plot. similar to what was signaled in march. the fed remains

. >> the showdown between supporters and opponents of the airbnb. the vote expected to happen today that could tighten regulations on vacation home rentals. >> the golden gate bridge, traffic looks good as you head to the toll plaza. >> a very hot temperature, big changes. look to the south. later today and tonight, thunderstorm. >>> good morning. i love the sight of that. that is fog. our natural air conditioning. >> it's back. >> rolling in. because for many of us it was a little too hot yesterday. so as steve mentioned things are cooling down a bit but i think it will be a bit muggy. we will check with him in just a moment. thank you for waking up with us it's tuesday june 9th i'm pam cook. >> good morning, i'm brian flores in for alex savidge. it was hot yesterday. >> and some thunder and lightning where? >> right off the coast. i will show you right now. >> so glad it's interesting here. >> every day is interesting in weather. [ laughter ] look at that. approximately about 450 lightning strikes. these are cloud to water or cloud to cloud. it ap

you think about airbnb, people with rooms and people who need rooms but another way of looking at airbnb is it actually provides a lot of accommodation much like hotels but it doesn't have to operate any of these hotels so there's no accountability and no responsibility. john. >> melissa thank you. >>> another storm in texas. tropical depression bill is moving north across that state with the threat of more flooding and more misery, for people still reeling from may. stephanie stanton is live there. stephanie. >> we're an hour north of houston, although the rain did stop for now we see sporadic raining, and it's nowhere near the devastation of three weeks ago. after tropical depression bill made an unwelcome visit even law enforcement got stuck in a ditch. an afternoon flash flood warning was the latest blow to a town that saw a wave of storms passing through the area. the tres palasos creek that runs through el campo is normally dry. >> we experienced in the last few hours nine and a half inches of rain in that short period of time. >> at least a foof that the higher. the -- foot and a

airbnb.elong anywhere. >>> and we have a first alert weather day for this system that is going to move through as we head into the rest of your morning, afternoon, and tonight. so light rain is already starting to go into parts of philadelphia. the northern parts of wilmington just to the south of allentown. and as we head into the rest of today, a chance of light rain. that's going to switch over to a chance of storms into the afternoon. temperatures will also stay down well below average. our average for this time of year is 85 degrees. we'll have more coming up in just a bit. >> see you then. >>> we are just a week away from the fourth of july. and the consumer safety commission is warning people to stay safe using fireworks. officials with the commission demonstrated some of the dangers. they said never put any part of your body directly over a device when lighting the fuse. and never try to re-light or handle a malfunctioning device. also never point or throw fireworks at another person.

airbnb. belong anywhere. >>> rocking in the rain. the weather did not stop this fund-raiser in delaware county. yacht stock is a charity that helps children with life threatening illnesses and shriners hospital. this year's beneficiary is a 4-year-old. >>> we have last check of forecast. we have a couple of seven days without rain. >> we at least have two. it's not going to be this rev rain that we're seeing now. if that does happen that would be closer to friday. tomorrow we're going to wake up to some showers and clear it out from south to north. looks like the beaches will clear out first. otherwise, it's going to be a breezy day. monday looks good. mostly sunny. by tuesday clouds will be the rule and chance of storms. the hot one 88. >> that's nbc 10 for now. saturday night live is next. >> you're watching king 5, seattle. >> it's super bowl shut down with seahawks quarterback richard sherman. [ cheers and applause ] >> hey. hi, hello. i'm you're host richard sherman, the greatest corner in the history of the national football le

he advertised on websites like airbnb. and roomorauma.com. $149. neighborhood that's cheaper than a hotel. plus julie liked the pictures on the website and comments from previous guests like the apartment is cozy. felt like a home away from home. >> not only are we able to use the fridge we have a microwave, fresh, hot coffee. >> i'll make it. >> julie likes staying in homes because this way her daughter gets to learn a little about how different people live. >> messy is comfortable. >> the roomaroma website is runned by gia and tayo. they created it because they travel a lot. >> we said hey, there must be thousands of apartments right now. >> how might they rent their home when they travel? why not go to craigslist? >> on craigslist you don't know who you're dealing with. people who never showed up and people who refused to pay in advance because they didn't know who we were. >> how do i know i'm not going to get some guest that will trash the place? >> there are reviews on the site. everything is very transparent for both sides. >> the reviews an

airbnb now closing in on $1.5 billion in fund-raising. value the company at a unicorn like $24 billion. >> it's a big unicorn. >> let's get a check on the markets this morning. the futures as we showed you look mixed this morning. this is coming a day after the dow was down by 75 points. nasdaq was lower yesterday and as we said you are looking at the s&p 500 and the dow both tracking their first negative week out of the last three. the nasdaq is the least negative. it's barely down at this point but we'll see where things shape up as we get further into this trading day. here's a look at what's happening in europe. the cac is france is down. the ftse is london is down by .9% and the big questions swirl about what will happen. if a deal is going to be reached it will need to be reached by this weekend because there's all kinds of things about what will happen before the markets open on monday. this is a story we have been talking about for quite awhile. >> you know we had five straight fridays where the market here is down. i don't know i