just last month, airbnb says it had over 7,000 unique hosts in san francisco. the city has received a little more than 1600 registration applications. prop f would have required airbnb to help crackdown on unregistered rentals but it was rejected by san francisco voters in november after the company launched an $8 million ad campaign. >> we tried to deal with the proposition is give airbnb and other companies some skin in the game. we say to them, if you list a unit that isn't registered or that is illegal, you can be fined. >> reporter: supervisor david campos is vocal about finding a remedy. he said this report makes it clear that businesses like airbnb can't self-regulate and that the law needs to be amended. both the city and airbnb have agreed that they are really trying to help out the middle class renters. airbnb wants to focus on the middle class people renting out their properties in 48 days to make extra cash. in pacific heights, jackie ward, kpix 5. >>> yahoo is done with the fight. big names in tech are reportedly bidding for the company. kiet do jo

we now have 5000 businesses registered with airbnb.nies like morgan stanley, google, salesforce having their employees book their travel. those companies are saving money but also the employees are getting to feel like they are at home when they travel. it's good if you're on a long trip like a week or more. emily: how big is the total adjustable market outside of what you are already doing? that would be the market? nathan: tourism is one of the second biggest industries, second two oil and gas. $2 trillion-$6 trillion is the size of tourism. emily: would you ever get into right sharing or partnering with uber or lift -- lyft? nathan: i don't want to speculate about those kind of things. >> we do every longer term rentals? i started airbnb and it seemed like a great way to find out where i want to live for long time. nathan: when you're moving for the city for the first time, why not stay a couple of weeks in different neighborhoods to get a feel for it and find the right place? we do have a lot of folks who book a place for 1-3 month

and many residents are racking in cash through temporary sites like airbnb. the city wants to regulate that. jackie ward is live in san francisco with more >>> reporter: we're in pacific heights, a neighborhood that has a lot of airbnb rentals listed on the website. but we don't know obviously which properties are registered with the city after a report discussed by the board of supervisors last night, it may be safe to say that a lot of these properties may not be registered. so of course, if you want to rent any part of your home, people know that they have to let the city know. it's a law that's been in effect for two years now. but here's the problem. just last month, airbnb says it had over 7,000 unique hosts in san francisco. the city has received a little more than 1600 registration applications. the proposition would have required airbnb to crack down on unregistered rentals but it was rejected by san francisco voters in november after the company launched an $8 million ad campaign. >> we tried to deal with the proposition is give airbnb and other com

we have 5000 businesses registered with airbnb. companies like morgan stanley, google, salesforce having their employees book travel. what is happening is they are saving money but the employees are beginning to feel like they are at home when they travel. it is good if you are on a long trip. emily: how safe do think the market is outside of what you are doing? what is the market for? nathan: tourism is one of the biggest industries, second to oil and gas and you see different numbers, 2 trillion to 6 trillion. we think we can play a big part of that. we do not think that is off limits. emily: would you ever get into ridesharing partner with uber to take travelers from the airport to airbnb? nathan: i don't want to speculate. [laughter] sam: would you do longer-term rentals? many years ago i found my apartment because i stayed at an airbnb first. nathan: tardis a common use case. when you move to a city for the first time, before committing to a long-term lease, quite a new state in different neighborhoods to find the right place?

airbnb does not do that now. airbnb, a lot of people who are renting out via airbnb are violating leases. you can't sublet. in that apartment building i can't let out my bedroom five days a week or whatever it might be. your neighbors have a right. they didn't pay to live in a hotel. same thing with condo associations. these are real issues. i think that, you know, it's appropriate to say, airbnb has to be held responsible. also rent control. you may not like rent control, but it's crazy to say we're only to let you charge $1,000 for this unit but if you want to rent out an airbnb, you can charge $1,000 a night. you have to have a uniform set of regulations here. taxes. you know, originally airbnb took no responsibility for ensuring that people paid their income tax and in many cities, certainly d.c., there is a special hotel tax. again, that's the sort of thing that airbnb should be held responsible for. are they handicap accessible? well, you know, again, you don't expect -- someone's not going to make -- they'

emily: we did get a statement from airbnb.pay all attacks that is due and we make long-term business decisions and act in the best interest of our community. googlehis the same thing and apple and other corporations have been doing for years? john: the interesting thing is they're forcing a new conversation about what kind of company do we want to have in our society a smart what's the role of the company as a citizen? if they are going to be extracting service revenue and putting it under a shelf somewhere, what about our schools? what about basic r&d that created it in the first place? this will end up in legislation. in every company in the world that has a certain set of profits that employ a lot of people to keep as much of it as they properly -- as they possibly can, that's what we are having at the presidential race level. what is the role of a company in our society today? emily: you report the sharing economy could account for hundreds of millions of dollars by 2025. what's the u.s. government doing about it? they are

airbnb today said it's going to do two specific things. first it's going to investigate people who list multiple san francisco homes and it says it will purge the listing of hosts who've turned private homes into illegal hotels. according to airbnb, as of mid-march, more than 1,000 of its house listings in san francisco were controlled by hosts who list more than one home for rent on their site. that's 1/5 of all the house listings in san francisco. the company's global director of public policy says the goal of the new crackdown is to make sure each host has only one listing. some critics accuse airbnb of making the bay area's housing shortage even worse because it gives property owners a financial incentive to convert homes into short-term rentals for visitors instead of renting to residents. last year san francisco toughened laws on short-term rentals but city officials have asked vacation rental sites to do more to help the city catch violators. airbnb says last year it removed 118 questionable listings in san francisco. and right now

airbnb says last year it did remove 118 questionable listings from its site in san francisco. reporting live from san jose, marianne favro, nbc bay area news. >> thank you. >>> community leaders in berkeley met today to discuss violence at a troubled intersection. earlier this month a gunman shot a man outside a liquor store at the intersection of delaware street and san pablo. berkeley city council members say two stores seem to be nag n magnets for the crime. including a pop eye's restaurant. something needs to be done to make that intersection safe again. >> we can't have people passing out on the street, we can't have people shooting one another, we can't have women going home from work being harassed. that has to stop. >> the city wants to add surveillance cameras and possibly staff a security guard to help keep the area safe. >>> a's fans got quite a surprise when they showed up at the oakland coliseum for the bay bridge series. the stadium is undergoing a name change. take a live look at the coliseum. no longer will it be known as the o.co coliseum. right now it's simpl

cory: and more people turn to airbnb when they want to travel.eah, and for older hosts, it's an opportunity to make money with a little bit of flexibility. maybe some of them are retired or thinking about retiring. extra income. cory: we could rent out the couch in the green room. don't tell anyone. i like this idea. we are going to work on that. that's it for today's edition of the best day ever -- a team of scientists from purdue university and the national institute of health have for the first time identified the three-dimensional structure of the zika virus. that is what you are looking at. it's a big deal. they were able to do this using a technique called cryoelectronmicrosopy. the virus is first frozen and then imaged. this might help scientists determine how the fire us is -- virus is disseminated. blackboard reports earnings before the bell. that does it for "bloomberg west." we with you from the ceo on the latest numbers, and then google ventures. and long-term bets on biotech and health care startups. and don't miss a special sneak pe

several groups are backing that measure. >> airbnb is in the hot seat. two san francisco leaders will present a plan that they an force the law or face a hefty fine. the legislation requires sites to verify property owners registered with the city. that's already the rule but now owners that fail to register, they could face fines of $1,000 a day per violation. >> people should comply with laws, but it's another matter to be asking other companies to disclose public health and help the city to be law enforcement agent. >> the company responded with a statement saying while the legal enforceability of the proposal is questionable, airbnb will continue working to simplify the process and getting folks registered. >>> new details on double d's. went up in glimpse yesterday morning. investigators say cleaning supplies, paper towels and electrical equipment likely catching fire after they were scored improperly in a water heater closet. firefighters managed to save a lot of sports memorabilia on the walls of that restaurant, but still the fire caused almost $

a little bit enjoyment of making airbnb squirm, yeah, that's a bonus. >> reporter: airbnb didn't respond to our e-mail request for a comment. lauren glassberg, channel 7 eyewitness news. >>> got lee here. somebody looks very rested. i wish there were sunny skies, but i did see the cherry blossoms. that was nice. >> they were covered with a nice coating of snow. love the magnolias. it was just an incredible scene with all the blooms out and snow on top of them. that's a tough look at central park right there. that's the meadow which we freshly mowed that last week for the first time. it was 79 degrees in the park on thursday. and then this. and 41 degrees right now. so we have a rising barometer. that's the only good sign. the high today, 44. in parts of the area we hit 60s. parts of the area we didn't get above freezing. 57 is our average high. back to it, maybe thursday briefly. otherwise much of the 7-day is below that. rainfall so far has been about a third of an inch. we're tacking more on that at least on the last couple hours. beautiful spring day, partly sunny and 60. there's the

uber and airbnb finding certain loopholes.e will explain. ♪ emily: corporate tax havens coming under scrutiny. -- atime when it comes to far more extensive web of subsidiaries and then it is -- has publicly acknowledged. it is a sharing economy company. authorities may start to worry. the founder is with me in the studio. bloomberg news reporter who wrote this story. talk to us about how big this problem is with respect to airbnb in particular. david: since they have not yet become profitable, it hasn't been a problem. but airbnb say they expect to turn their first profit this year. once they get there profits, airbnb, all the sharing economy companies will have the opportunity to use the tax avoidance techniques that have been used by tech companies and pharma companies. but so far they have not been able to use it and what changes is with us norms, they are able to make the same kinds of savings and lower their rates to a level that has people in the treasury department concerned. emily: we did get a statement from airbnb. t

. >>> coming up tonight proposed legislation for airbnb in san francisco, how hosts could potentially be fined. >> a dangerous link discovered between plastic food packaging and a shift in people's hormones. >> and a masked man bursts into an all night bay area casino with an assault rifle. >> just ahead another run to the finals will have to be the mvp, more warriors reaction to steph curry's injuries, plus the giants trying to find their way, highlights from at&t park as madison bumgarner and the boys host the padres. >> i'm tracking changes in store, rain back in our seven- day forecast plus a warming trend. i'll let you know what's in store coming up in my full forecast. >>> in the east bay authorities are searching for the suspect behind an armed robbery that happened at a casino. it happened at the california grand casino just before 5:00 this morning. surveillance cameras caught a series of pictures of the gunman wearing a halloween mask, orange gloves and had a semiautomatic weapon. officials are not elaborating on exactly what was taken from the casino. investigators are look

in addition, the report says most local airbnb hosts have not registered their properties as required. >>> president obama will be in the bay area this afternoon for a couple of fundraisers. both will be in san francisco. the two events for the democratic national committee will be held at private homes. the democratic presidential contest turned into a war of words this week. but now both candidates are pulling back from the insults. cbs news correspondent marlie hall explains. >> reporter: bernie sanders walked back his comments that hillary clinton isn't qualified to be president. during an interview with charlie rose -- >> you're right. we should not get into "tit for tat." we should be debating the issues. all i'm saying is people are going to attack us if they are going to distort our records as has been the case time and time again, we're going to respond. >> reporter: clinton insists she never said sanders wasn't qualified. >> his, um, response to me was a misrepresentation of, um, uhm, what i have said. i think in the heat of the campaign people say lots of things. i want to

. >> airbnb and other short-term rental companies could face steep fines. planning to introduce legislation that would require rental sites to verify that property owners have registered with the city. that's the rule. if renters fail to register, airbnb and others could face fines of 1,000 bucks per day per violation. >> we are proposing an amendment that doesn't change the existing law but simply focuses on enforcing the existing law. >> that is the issue. they say they've worked with the city attorney to make sure their proposal would stand up to legal challenges. airbnb responded with a statement saying while the legal enforceability of the proposal is questionable, the company will continue working to simplify the process and get hosts registered. >>> a community is in mourning tonight. sheriff deputies investigating after a high school football player died in a pool. this is the teenager. he was found unconscious early sunday morning. elyce kirchner. the grief counselors were there on campus. do we know what happened to the boy? >> reporter: we've lea

airbnb says 20% of the house listings are controlled by hosts who list more than one property. airbnb is targeting hosts who turned private homes into illegal hotels and will purchase those listings. >> you're looking at banners that say o.co coliseum but that's not in the stadium's official name anymore. the oaklandways announced overstock.com ended the naming rights deal. you can call the coliseum its original name, the oakland alameda county coliseum. >>> a bus fire cut short a weekend skiing trip for a group of san francisco university students. they were headed to go skiing this morning when the bus caught fire. 40 students were evacuated from the bus. no one was hurt. some of the luggage was damaged. the students were put on a bus back to san francisco. >>> after more than two weeks without regular service bart is running trains between north concord and pittsburg bay point stations. riders have been using a bus bridge as bart tries to figure out what is causing electrical glitches. they're testing the trains and hope to continue service through the monday morning commute

according to a city report, only about 1000 airbnb hosts have registered with the city, that's about -- out of 7000 listings. supervisors david campos and aaron peskin have proposed legislation requiring airbnb and similar companies only advertise rentals that are registered with the city. >> this is really about the bad actors, this is really about holding airbnb and the other short-term rental platforms accountable so that we can get those 1884 units back on the market. so that people who need housing in this town can have rent- controlled housing in san francisco. >> the legislation would require airbnb host to show a verify registration number in their online ad, if no number is included, the host could face a fine. airbnb says quote, the legal and the enforceability is questionable. >>> legislation that would ban smoking at california state university and community colleges is moving forward in sacramento. the state assembly today passed a bill that would ban people from smoking cigarettes and e- cigarettes on campus. the university of california already prohibits smoking on all

airbnb says 20% of the house listings are controlled by hosts who list more than one property. airbnb is targeting hosts who turned private homes into illegal hotels and will purchase those listings. >> you're looking at banners that say o.co coliseum but that's not in the stadium's official name anymore. the oaklandways announced overstock.com ended the naming rights deal. you can call the coliseum its original name, the oakland alameda county coliseum. >>> a bus fire cut short a weekend skiing trip for a group of san francisco university students. they were headed to go skiing this morning when the bus caught fire. 40 students were evacuated from the bus. no one was hurt. some of the luggage was damaged. the students were put on a bus back to san francisco. >>> after more than two weeks without regular service bart is running trains between north concord and pittsburg bay point stations. riders have been using a bus bridge as bart tries to figure out what is causing electrical glitches. they're testing the trains and hope to continue service through the monday morning commute

told us, "airbnb is helping to meet the city's goal in finding illegal hotels. we are taking actions by removing unwelcomed listings from our platform. unfortunately the registration process remains a challenge." >>> and figures released today shows the housing crisis in the bay area are now higher before the recession hit in 2008. the bay area is the only region in the state to claim that distinction. the report is from the equalization showing the median price of the single-family home in the bay area is now $1.25 million. that is 7% above the peak before the recession in 2006. compare this to home prices in the los angeles area, which are 18% below that prerecession peak. wall street entered the week with modest gains, claiming 35. nasdaq was up by two and they gained five points. oil was shortly higher on the surprised drop in u.s. oil stockpiles. >>> pope francis is encouraging the catholic church to adopt greater tolerance for divorce and remarried catholics. but they do not soften their stance on gay marriage. they outlined their views in the official pap

. >>> still ahead, an airbnb crackdown.he new san francisco policy that could soon force the company to police its own users. >> plus, a wakeup call for drivers as a sinkhole opens up in the middle of a busy intersection. >> from the kpix weather center, we have wind-swept blue skies. i'll talk about how long it's going to be windy and when the rain will arrive, as the news continues right here on kpix 5. ,,,,,,,,,,,,,,,, rice. . >>> this just in, cleveland is paying $6 million to settle a federal lawsuit filed by the family of tamir rice. the 12-year-old was killed by police as he held a pellet gun. the city acknowledges no fault in tamir's 2014 death. officer timothy logan, a trainee, shot tamir in response to a call. >>> nearly one month after the belgium terror attacks, the brussels metro station where 16 people were killed is back open today. for many, it's obviously an emotional commute. >> rather difficult to come here again. >> it's strange. it's strange. you tend to look to all the other passengers. it's strange. >

this represents a new strategy going after the platforms like airbnb. >> you are correct.sands of people in san francisco who rent out their homes like airbnb, well under half are registered with the city which is required by law. to get more compliance, the city wants to put the screws on the short-term rental sites themselves. today san francisco's supervisors will introduce new legislation that would require sooi sites to verify that the property owners have registered with the city. they are making the companies responsible for ensuring its users comply with the law. if renters fail to register, it would be those sites that could face misdemeanor charges and fines of $1,000 a day for violation. >> overall, we are also not in favor of passing laws that deputize to become law enforcement agents of the city. we believe that it's the government's job to enforce laws, not the jobs of private citizens. >> airbnb responded with a statement saying, the legal enforceability of the proposal is questionable, airbnb will work to simplify the process. bob redell, "today in the bay.

. >> airbnb is cracking down on violators in san francisco. do about the more than 1,100 hosts reportedly breaking the rule. >>> also, the 49ers off-season workout season begins today. coming up, rumors about the trade to denver. to denver. hi dad. uh huh. yeah...sorry about that. ♪ think about it ♪ there must be higher love ♪ down in the heart what do you think? ♪ and in the stars above hi ted, glad you could join us, we think you're going to like these numbers. ♪ bring me a higher love ♪ i could rise above ♪ bring me a higher love life's morning multitasking for a growing family, and drawers with many layers, to show exactly what you need. life's sharing a meal. and a kitchen with room for everyone. spend $4000 or more on a new kitchen and get 15% back at the ikea kitchen event. >> ♪ who let the dogs out? ♪. >> quite the unusual chase on the bay bridge over the weekend. a black chihuahua was headed towards san francisco on the upper deck and, well, chp got the call. the officer who was driving a patrol car eventually drove ahead of the dog a

. >>> a long-term decision that could affect short-term rentals like airbnb. =scott/cu= airbnb. >>> welcome back to you. it is a light day on the markets. markets not moving much. the dow bouncing around at magic 18,000 mark. we have the latest san francisco house price data just release from kay shill, which is a highly respected measure of home prices. shiller in case shiller is robert shiller, he won a nobel prize. it says san francisco house prices jumped 1.1% in the last month measured. the overall gain from this time last year is 9.3%. kay shiller defined san francisco the same way the u.s. census does. oakland and down the east bay but does not include the peninsula. >>> waiting for new data from twitter as well. that stock is up enormously, ahead of the quarterly report this afternoon. makes you wonder if somebody knows something. last time in twiter reported it said it gotten smaller. investors will be alarmed if the trend continue. >>> amazon is joining door dash in san francisco. there's no markup. whatever you pay for burger at the restaurant, that

amazing man. >>> airbnb has pledged to start cracking down on hosts in san francisco. the company said it is stepping up efforts against hosts who violate city walls on short- term rentals. the website will now investigate hosts who list multiple homes and will remove people who have turned private homes into illegal hotels. san francisco law states you can only list your own residents s a vacation rental. >>> this is in response to complaints. >>> ahead, a warm up is on the way but how long will these attempts stick around? after the break, here is a last check of the weekend forecast. >>> when google tried to have fun with the april fool's holiday, it was not a good idea. the prank backfired. a new mic drop option was sent next to the send button. it would attach a gift of an angry minyan dropping a megaphone. the gag did not go as planned. and number of users accidentally clicked the button while sending professional emails. it made some people mad. google decided to kill the feature after a few hours. >>> you know that area -- email is serious business. >>> what's

airbnb is on track to become profitable this year i'm according to sources. -- same thing with uber.irbnb is on track to become profitable this year, according to sources. >> you want to operate your company like a public company. we don't have any initial needs, we don't have any more need for capital. we don't have plans over the next two years to go public. after that, we will see. emily: we will be asking that same question of dropbox tonight. dropbox has faced several write-downs by mutual funds. to them about how that is affecting them and what they see in the future. david: some news today out of brooklyn, t the justice accessent pressing for to an iphone that belonged to a drug dealer. the government pressing ahead in its case against apple come asking them to help out with this jugular phone. even though they dropped the san apple doescase -- not know why the government is pursuing this case. there are several open cases dealing with different iphones. something that will ultimately have to be addressed. keith alexander, former head of the nsa is now running his own cyber se

. >>> supervisor david will introduce their proposal to crack down on illegal listings on airbnb and other short term sites. >> this is about the bad actors and other short term rental platforms accountable to get the 1884 units back on the market. so people who need housing this this town can have rent controlled housing in san francisco. >> it required air bnb host to show a verified registration number in the online ad. airbnb says the legal baltimore of this proposal is questionable. >>> we are live in washington today with the maneuvering aimed at stretching things into the summer. >> frontrunners trump and clinton are poised to sweep all five states today. the republican race shifted its focus to next tuesday when indiana votes. that will be the first true test of the new cruz kasich alliance. cruz kasich alliance got off to a rocky start yesterday. hours after it was announced the two would split up to deny donald trump deltas kasich refused to told his supporters in indiana to vote for cruz. >> i never told them not to vote for me. >> reporter: this alliance is playing into t

airbnb. >>> what's next for steph curry after the mvp hurts his knee? how badly? you'll find out.today in the bay" starts now. >>> a very good morning to you. thanks for joining us. i'm laura garcia-cannon. >> we'll get to breaking news to start off this morning. traffic-related on the peninsula. several lanes on 280 shut down. how long will it be that way? >> we are looking at another hour with this fire and cleanup. now they added one lane open.

short-term- rental sites li air-bnb would have to ensure that >>> airbnb is looking at packagizing those who don't register. short-term renters will have to ensure that their hosts follow the city's registration requirements or face fines of $1,000 a day for listing and misdemeanor charges. >> we believe that some 2000 units of housing have been permanently taken off the market. these are unscrupulous speculators who come in and turn them into 24/7, 365 day a year hotels. >> 75% of airbnb hosts in the city are said to be unregistered. >>> 43,000 customers in berkeley,lee is le -- el cerito and san pablo had a blackout today. it turns out there was a small fire at a substation where a new transformer was just installed over the weekend. >>> other bay area headlines, the trial of the man accused of killing sierra lamar was postponed until next month. it was scheduled to start today but the judge gave the defense more time to submit evidence. the suspect could face the death penalty if convicted. >>> grief counselors were at alhamabra high school in martinez after a freshman student, andrew

airbnb reveals a major crackdown on hosts who are violating the law.he vacation rental site plans to crack down and what you will see less of. >>> stealing from six children. the high-profile items stolen from the san francisco offices of the make-a-wish foundation and why giants outfielder hunter pence wants that item returned. >>> good morning. we are looking at a commute where traffic is still doing very well in many areas, like 280. but some commutes are still very slow. we will tell you about those coming up. >>> well, all i can say is get ready. temps are going are from one extreme the other in 72 hours. more on that coming up. >> ♪ i soak up the sun i'm gonna tell everyone to ♪. >> see, you got the music for you at 8:30 on this monday morning. ah, soak up the sun. it's out there somewhere. good morning. thank you. we are looking live at the golden gate bridge on san francisco bay. >> a little haze and fog here, as to be expected if you are lucky enough to be on spring break this week. you have major weather changes, particularly midweek. let's t

. >>> airbnb launched a crackdown on hosts on violate san francisco's short-term rentals law. under the law homeowners are only allowed to list their primary residence for short-term rentals. the company is pledging to investigate those who list multiple homes and have essentially turned private homes into hotels. airbnb says as of a few weeks ago more than 1,000 listings in san francisco fell under these categories. that is one-fifth of all listings for the area. >>> a messy situation in san francisco. take a look at this, a car slammed into the hydrant earlier today at polk and hayes streets in san francisco. frif firefighters were trying to cap it as people posted pictures on instagram. >>> bill clinton's in berkeley taking on just about everything that's wrong with the world. conan o'brien moderated a discussion with the former president tonight, the second day of the didn't global initiative being held on uc berkeley campus aiming to bring together experts, university leaders, students and celebrities to find solutions to the world's most challenging problems. clinton sai

you are an investor at airbnb. and travis kalanick at uber.ir michael: brian exemplifies the wonderful traits of a leader. he is obsessed with his company. for him, there is always another hill, mountain to climb. he pushes his team very hard to do the impossible. he has a very long-term view of his business. and he has got a lot of energy. he's got a lot of optimism. about the prospect. he is a fantastic leader. emily: what about travis kalanick? sir michael: travis is somebody i do not pretend to know well. emily: he is so controversial. sir michael: controversial -- have you met anyone who is not controversial that has done interesting things? emily: having known three decades of leaders in silicon valley, do you think you have to be arrogant to be successful? sir michael: four decades. emily: four decades. excuse me. sir michael: lots of leaders have to make decisions about going in directions that may be is not popular in the organization. and sometimes, it spills over into arrogance. i'm different from how i was in my 20's. bill gates, w

.>>> back down to street level, airbnb is cracking down on host who violate san francisco short- term rental laws. they are investigating post with multiple listings. a b&b -- airbnb also plan to purge listings who have turned homes and to illegal hotels. >>> bart is testing regular train service between pittsburgh a and north concord this weekend. the tests come after voltage spikes on that stretch of track knocked out dozens of bart cars. engineers are moving cars that are most the prone -- the most prone to equipment failure and replacing them with that are cars. if all goes well, regular service will continue for monday.>>> the new more affordable tesla model threes taking the nation by storm. likely to keep the city of fremont very busy. gpx five mark kelley on what could be an economic boom in the bay area.>> reporter: tesla's model three will not be ready until next year but it already has drivers revved up.>> do you think you'll drive one one day?>> absolutely. that's my dream. is my passion. orr something which definitely someone would desire to buy for sure. >> reporter: thi

according to a report, out of 7,000 listing, 1,000 airbnb hosts have registered to the city.l would require that airbnb and similar companies do only advertise rental listings that are registered with the city. >>> also this morning, the government has officially closed its investigation of honda linked to airbag deaths. the national highway traffic safety administration was looking into why the automakers failed to report deaths and injuries caused by takata airbags. honda paid a $70 million fine, which was the largest fine imposed on a car maker. honda has taken steps to make sure similar reporting failures don't happen again. now, the company executives also admitted that it took three years to take action after it found out about the faulty airbags. >>> the teamsters union looking to form an association with uber drivers. some uber drivers had already reached out to the teamsters for help in resolving issues with and receiving more benefits from the ridesharing company, but state law does not allow unions to negotiate for people who are not members. uber a not commenting

. >>> still ahead, airbnb cracking down on people breaking the rental rules in san francisco. >> and lot of buzz over tesla's latest car. it would mean big business for the bay area. >> plus, unfriendly delivery. a late-night pizza order arrives with a surprise message. >> we're taken aback by what's in store for us next week. have you heard what's happening wednesday? details after a break. ,,,,,,,,,, the compan >>> airbnb is cracking down on hosts who violate san francisco's laws on short-term rentals. the company says it will begin investigating host ofs to list multiple homes -- hosts who list multiple homes. starting tomorrow they will purge listings from host who have turned private homes into illegal hotels. current laws say homeowners can only list their own residents for vacation rentals but about one-fifth of the listings in city are by people with more than one home. >>> alaska airlines is reportedly going to buy virgin america. they beat out jetblue and other airlines. it will be worth $2 billion. >>> there's a new economic boom on the horizon in fremont thanks to tesla's

he reminded me the airbnb was created in the financial crisis.bad economy, people are always looking for new ways to make money. was born.en uber airbnb is on track to become profitable this year. what is next. go i asked, when is the ipo, when is the exit? >> i think that a great company should always be ready to go public. you want to operate your company like a public company. need forhave any more capital. redundantly to have plans over the next two years to go public. after that, we will see. speaking will also be with a cofounder, as well as the dropbox ceo to talk about this -- big question bubble or broom, and what is the future of silicon valley? we have much more coming up on bloomberg markets. don't forget to tune in for a addition of bloomberg west -- edition of bloomberg west this evening. alix: and much more. ♪ it is a new york, 6:00 in london, and 2:00 in hong kong. scarlet: welcome to bloomberg markets. from bloomberg rolled headquarters in new york, good friday afternoon. i'm scarlet fu. alix: i'm alix steel. stopped pulling back

>> i haven't done airbnb or one of those.ented once in brazil and walked in and didn't like it and walked out and said, i'm a hotel person. >> you've never tried in america but you went to brazil to try it. >> isn't that where you're supposed to try everything? >> see, this is where i've gone wrong all of these years. >> that's what i was told. >>> coming up, one of the world's most famous athletes is arrested. why olympic soccer star abby wambach is now apologizing to her fans and how she landed on the wrong side of the law. >>> but first, it wasn't just our favorite baseball players hitting the ballparks on opening day this weekend. the gut-busting items landing on the ballpark menus, promising to hit a home run with fans. you're watching "world news now." >> announcer: "world news now" continues after this from our ab ♪ if cooperstown is calling it's no fluke ♪ ♪ they'll be with willie mickey and the duke ♪ >> willie, mickey and the duke. >> we're talking baseball. i got the analogy. >> who sang that? that was the number o

you're busy with companies like alibaba and airbnb. do you intend to find the jack dorsey or elon musk of china? >> we are excited about our new funds. we're focused on global entrepreneurs. we love folks that build global companies. we want to invest early across sectors of focus, like consumer and online mobile services. like e-commerce. connective devices and robotics. we looking for companies in those sectors. in china, we are seeing entrepreneurs coming around for their second or third stint, or folks with experience and great internet companies like alibaba. there is a richer ecosystem of entrepreneurs in china for us to go back. columnistsof our wrote an article saying that everyone knows that asia's startup bubble has to pop. what are you seeing on the ground? >> we are focused on the venture capital ecosystem, the start of ecosystem, in china and the u.s.. what matters is the rate of innovation and the opportunity for companies to build businesses that can grow fast. in china, we see that continuing at an incredible pace. look

airbnb paying tax information jersey city. >>> coming up next, we're staying on that breaking news on the upper east side. the search for a killer who stabbed a man overnight. we are on the scene, next. camp is using their widely publicized metro card mishap to relate to frustrated voters. >> if you're about to head out the door, keep us with us, download the news 4 new york mobile app right now. we're back in two minutes. you're watching "today in new york." fios is not cable. we're wired differently. we guarantee to make switching easier. we'll show up on time. you're right on time. as promised. to install fios and set up the wi-fi that janet, jamie, jenny, jemma, and jasmine need on their birthday. thank you. for all their new devices. you can't break me. you wanna piece of cake? our switchers guarantee makes $69.99 per month online. cable can't offer these speeds at this price. >>> breaking news in manhattan, a man from the bronx stabbed to death on the upper eastnsifode. we're on the scene as police search for his killer. >>> plus, a heated debate over protecting the rig hts of t

. >>> supervisor david will introduce their proposal to crack down on illegal listings on airbnb and other short term sites. >> this is about the bad actors and other short term rental platforms accountable to get the 1884 units back on the market. so people who need housing this this town can have rent controlled housing in san francisco. >> it required air bnb host to show a verified registration number in the online ad. airbnb says the legal baltimore -- -- enforceability of this proposal is questionable. >>> one person killed in a south san francisco park. coming up at 6:30, searching for a person of interest in the double shooting that happened in the middle of the afternoon. >>> recommendations from a national group studying santa clara county jail system. >>> good morning. we are looking at a morning commute that's busy in many areas. we are looking at highway 24. traffic is getting busier. >>> mostly sunny to start. clouds will filter in. no rain today. but it is on tap for tomorrow. rrow. before earning enough cash back from bank of america to buy a new gym bag. before earni

emily: everybody wants to expand --china from over to airbnb uber to airbnb. there are challenges.are the challenges you had to overcome to make this happen? >> the biggest challenge so far has been to get the infrastructure working. the great chinese wall in terms , of streaming data from the united states. the next challenge will be scale. to get a big customer base and defend it. emily: what about your experience working with the chinese government? they have their own views on technology. has it been difficult, have there been regulatory hurdles you have had to overcome? udacity was really easy. we have strong partners for one. the most important thing is the chinese government and we have the same vision. there are talent that should be developed. if chinese town is not developed as it should be in creatively and original thinking, then -- emily: i was speaking to peter thiel who told me that he went to china and taught a class in china, he said the one thing that surprised him most was how ferociously competitive chinese students are. it actually scared him. do you think that

now airbnb is worth more than marriott. disruptions and realize there is a cycle, but when they hit the tipping point valuations soar. sometimes little things end up buying the bigger things. francine: what is the endgame of the third wave? five-years, 10-years? steve: i think longer. the first wave was building the internet. when we started 3% of people were online. the second wave is building on top of the internet. integratingve is the internet seamlessly in every aspect, health care, education. in the book i talk about the internet of everything being broader than sensors and devices. a book where get the author is the lead singer in a williams college band -- steve: i knew i should not have put that in. tom: your entourage is over there. steve: i'm going to go to every bookstore in the country and rip that page out. not.and was great, i was that is why got out of singing into the business side. tom: you had value from copyright. is this nation, with the third wave in internet, ready for a new copyright body in music, a

mark: was this deal done from the position of motor ability as the likes of you and airbnb make massivento the hospitality industry? >> i think what customers want when they travel, families going to places like london or paris, they want somebody -- they want something that luxury hotels don't always provide. this is an expensive product but it is one that everyone can afford for special occasions. and at one finds day -- one stay, we offer customers with a particular type of experience. are valuednb, they at something like $25 billion. would you consider selling your company is a success? >> the first thing i would say is that this is the first part of a deal which ultimately will take a number of years to unfold. the total value will be significantly higher. and we don't directly compete with any of bp or marketplace companies. in have more than 600 people the business operating in five global cities and we are planning on launching many more. we welcome guests, providing them with the luxury, upscale control hospitality experience that you would uniquely expect from brands. those ca

all the city of san francisco is cracking down on airbnb hosts would break the law.ews conference will be underway this morning at 11:00 at city hall to announce new election on short help material rentals, personalizing airbnb for illegal listing not registered with the city. all the drought not over but east bay mud program fining people for too much water use could be over, in a proposal to suspend the excess water use fee. it is estimated to have 80% more water stored this year than last year for the 1.3 million customers in alameda. east bay mud get a lost thank weapon they became the first large water district in the state to penalize households using more than a thousand gallons a day. >> it does not noon the drought is over. all the last drought directive came out on thursday and it took out owl of the neighbors but eastern contra costa county and alameda county are still in the "extreme," as can you see compared from april of last year to april of this area it is showing red shrink but it is not over. the next six hours no wet weather but a last sunshine and

. >>> airbnb will add recommendations of places to go. the ceo says airbnb's app will match travelers with hosts and neighborhoods and the recommendations will be based on previous searches and bookings. this will help visitors see what it's like to see a city. >>> a measure fell one vote short in the senate housing and transportation committee that would have allowed regulation of ride sharing fares and operations. >>> cracking down on prostitution. >> our crew rides along with a special enforcement team as they cite illegal businesses in san jose. >>> and san francisco police are adding extra officers in one of the city's most popular tourist spots. we'll explain why. >>> it is a problem that san jose police say is running rampant in the city, prostitution at massage parlors. and one of the biggest challenges is figuring out which of the 300 parlors are operating illegally. >> we rode along -- as they issued citations. >> reporter: after receiving numerous complaints from citizens of lone males walking in at night and finding suggestive

when you airbnb in paris, you have your own home. bed. ♪ cook. ♪ you know, the stuff you normally do. don't go to la, don't go to new york, don't go to tokyo. live there. live in malibu, live in the east village, live in shinagawa. feel at home, anywhere. do your regular routine. ♪ wherever you go, don't go there. ♪ live there. ♪ even if it's just for a night. ♪ youngest to lead the soviet union since stalin. unlike his predecessors, he may feel less tied down by the burden of soviet history. >> he is a revolution in himself, talking about a new soviet union, allowing some freedom of speech, allowing a more open society. gorbachev had seen how the gap between how the soviet people lived and what the party said was growing wider and wider. but he is a child of the system. he did not want to destroy it. he had in his mind i have to save it. >> i want him to fight for peace and for better life. >> i think that he will be a good leader and i like him. >> the first couple of years of the reagan first term, reagan didn't meet any soviet le