emily: so are these buildings owned, part owned by airbnb?are owned by the developer and license with airbnb. a partnership, airbnb gets a 25% cut of what the residents make when they home-share. emily: so o live in these buildings already feel about the project? olivia: the people i spoke with are not happy. they are pretty upset. they feel blindsided. they did not agree to live in a hotel. iido came in and purchased the buildings, opening as many as 14 buildings by the end of next year. so some people seem upset. a few people are kind of excited about the idea, maybe they just need to warm up to it. emily: and it could also mean a new revenue stream for them. they can rent out their apartment whenever they want. olivia: exactly. a legal sublet that they are doing. but i think people feel a little blind-sided, by the idea that they have come in and essentially, signed a lease without agreeing to leave in a live in a hotel, so to speak. the company, niido says they will work closely with residents to help them feel more comfortable. emily: is

"someone suggested i take a look at airbnb. bassist acted it was being offered on their website -- they suspected it was being offered on their website." this is the ad on airbnb. part of her kitchen still in the apartment. it cost 59 euros and i more than four times the original at. monica has to pay much higher elelsewhere, and is suing. airbnb -- for tourists can achieve option fofor holidays around the world for residents looking for renters, potential nightmare. helena: donald trump's top economic advisers as the united states and china have been holding high-level trade talks, but the two sides have appeared to found little common ground. larry kudlow described china's threat to impose another 60 really dollars worth of tariffs on the u.s. as weak, and set the world's second-biggest economy was "in trouble." the trump administstration accus china of not playing by trade rules. china denies the allegations and says u.s. protectionism is a threat to global trade. let's get more on this with financial correspondent sophie sc

. >> airbnb redefined and expanded room capacity throughout the world.economic models of the lodging and travel industries and tourism destinations. >> the growth of airbnb has been staggering. >> two million rooms. if you take a look at marriott, they have maybe 750,000 rooms. scaled very, very fast over a very short period of time. >> bob cox had a large shed on his desert property outside of cave creek, arizona. he decided to turn it into a rustic yet modern cabin. >> the floor is recycled pallet wood. this is a door from an industrial building in downtown phoenix. >> he tore out much of the walls and installed garage doors on both sides, which open up to completely bring the nature in. >> the concept here with the kitchen is have an open plan so that you can prepare a meal here. and your guests can sit at the stools. so you've got this interactive indoor/outdoor kitchen. >> bob listed the cabin on airbnb and says that it's been great. >> people who've stayed here have a unique experience. they have the openness of the house. they can eat outside. >>

even if you are not a airbnb host you can be a open home host.etimes that is better because -- can be difficult for those who have bookings. if you are anywhere near you are welcome to join in. >>how about the challenge for people who ran from their homes and did not have time to grab anything let alone a computer, how can folks get access to this help your offering? >> quickly, just from accessing on your phone you can go to airbnb.com/welcome/evacuees and you will get to the northern california fire evacuation. click on there you can find the shelter. also email open homes@airbnb.com. we do have a team that can respond to you quickly. >>for folks who want to take advantage of this free temporary housing, how long will they be able to stay? >>currently the activation goes through august 17. like with all listings you can work that out with your house. currently it is now to august 17. >>that is kelly from airbnb talking about the free temporary housing for folks in the fire zones. we appreciate your time. thank you. >>> looking for something fun

. >>> airbnb asked and their hosts are responding. generous ask of kindness now being offered to people displaced by the california wildfires. >>> chief meteorologist bill martin will have the complete bay area forecast when we come back. at at&t, we believe in access. the opportunity for everyone to explore a digital world. connecting with the things that matter most. and because nothing keeps us more connected than the internet, we've created access from at&t. california households with at least one resident who receives snap or ssi benefits may qualify for home intne no commitment, deposit, or installation fee. visit att.com/accessnow to learn more. ♪ strummed guitar you can't through a screen. r you have to be here, with us. ♪ upbeat music travel through this natural wonder and get a glimpse of amazing, with a glass of wine in one hand, and a camera in the other, aboard rocky mountaineer. canada's rocky mountains await. call your travel agent or rocky mountaineer for special offers now. >>> airbnb hosts are opening their doors for

(angela mia, airbnb host)'so this is the guest room....' her south sacramento home— might not look like much...but for victims of californiaús raging wildfires— it could mean the world.(angela mia, airbnb host)'itús an easy way to help people that obviously need help. the room is here anyway.' mia is one of hundreds of homeowners— opening up rooms on air bnb— offering wildfire evacuees a place to stay for free.(angela mia, airbnb host)'i imagine theyúll be a little bit more stressed out and maybe theyúll need a little bit more emotional support. and maybe theyúll need more love from the dogs.'with more than a thousand homes already destroyed in the carr fire— itús help thatús desperately needed.sacramento neighbors like jacob gray— also ready to open his home for free— and this isnút the first time. (jacob gray, airbnb host)'when there was the santa rosa fires, we had a family stay with us. people were in trouble and they needed help. and this woman that contacted me i could tell she was in desperat

the oakland chinatown chamber of commerce is teaming up with airbnb. >> they introduced airbnb mostsl merchants -- hoists to sample what local merchants have to -- hosts to sample what local merchants have to offer. >> yeah, we made it! >> reporter: karl chan with the oakland chinatown chamber of commerce led about four airbnb hosts on a tour of businesses that offer products and food unique to the chinatown culture. the idea is to encourage the hosts to make recommendations to their renters. the group was offered samples of noon take in new tin's market. -- of moon cake in the new tin's market. there are also specialty barbecue items, such as roast duck. >> we're building a guide book. >> reporter: members of the tour group say they didn't expect to find this type of store with bargain prices in this area. they plan to do more than recommend this store. >> i think we're going to come back just for that deal. >> reporter: the shop owner anticipates that being on the map for this merchant walk will increase foot traffic. >> it's bringing a lot of people in, a lot of traffic. i mean, w

we asked airbnb for an interview.ies the government on the issues facing the british tourism industry. let's discuss the broader issue. hello, good evening to you. this particular example, which has come to our attention, is about bath and bristol, but there are an awful lot of towns and cities up and down the country where this debate is being had. what is your take on the validity of this debate? sure. i think the issues raised in these situations are valid for a lot of towns and cities in the uk, and in fa ct towns and cities in the uk, and in fact there was a tourism parliamentary group that just released a report couple of weeks back which highlighted some of the issues facing these places. and they are legitimate concerns, around the regulations, how they apply, the safety a nd regulations, how they apply, the safety and legitimacy of some of the places that are being put on technology websites. also protecting the hosts of airbnb customers, because they are often not told of the steps they need to take on the r

>> had a local man accused of holding airbnb renters at gunpoint after they trashed h house. but now a surprise twist as we hear his side of the story and get pictures from inside. >> scattered showers once again moving across our region. doug is tracking the impac

emily: why isn't this something airbnb could do?> airbnb is not in the business of permanent housing. bungalow is in the business of providing permanent places to live. they are very different. airbnb provides vacation travel and does it very well, but there's a difference between providing a place to live between three to five years and between three to five days. emily: airbnb has run into a lot of regulatory issues. how do city regulators feel about this? >> we are helping increase the inventory of long-term housing. airbnb has paved the way with subletting, now explicitly provided for as long as it's greater than 30 days. our leases are generally four months to 18 months and renters stay with us for close to a year. >> you have been working on this for 18 months. you have already raised $64 million. that's a lot of money, isn't it? >> you mentioned wework. real estate is expensive. real estate works really well when you know what you are doing, when you have an advantage and can price things accurately. it's not cheap. every hou

>>hank you. >>> now to an airbnb nightmare. >> a loudoun county man saysde founis rental home trash and bloody. when he pulled out his gun to stop the offendersng from fleei while waiting for police he was the one put under arrest when they showed up. >> and as bureau chief julie carey reports his attorney plans to challenge the charges. >> reporter: it's a stately airbnb, a $4 million property with a view, but this is the horrifyingiew the owner found saturday morning. win do windows smashed and tables overturned and broken, glass from beer bottles and blood, lots of door frames, on floors, on walls. we're not showing you the most disturbing shots. >> it looked like there was a massmurder. >> the home's owner jack andrews hurried over when he was summoned by an employeeho already called 911. the group that rented the home still on site and andrews attorney said because of the uncertain scene he entered with gun drawn. >> he didn't know what to find thereut knew it looked like a scene is >> reporter: the sheriff office was on the way and heas told to stay put. he managed to block one ca

airbnb has ditched a competition offering the chance to spend a night on the great wall of china.a—lifetime opportunity for the winner, but the plan sparked concerns that it could contribute to the historic structure being damaged. and according to chinese media, airbnb never received approval from local authorities to run the event. a problem, isn't it? you book somewhere and then you find it is outdoors, not so good! some would say that is what they occasionally do at airbnb, but nonetheless authorities not happy with that plan, so that is off, if you are hoping to spend a night on the great wall of china, bad luck! is the trade war between the us and china having any impact? the latest trade figures seem to suggest not. imports also rose much faster driven by solid demand in what is the world's second biggest economy. katie silver is in our asia business hub in singapore. katie, you have been looking through the figures, what jumps katie, you have been looking through the figures, whatjumps out at katie, you have been looking through the figures, what jumps out at you particula

and airbnb?his is an exciting time in the investment business. one, the landscape is changing. we are seeing an influx of capital. new names show up in the business that historically in venture was mostly dominated by a small number of well-known brands. at the same time, investing is becoming more global. you are finding companies in europe, like one of hours that did incredibly well, or spotify -- one of ours that did incredibly well, or spotify. i'm very optimistic. you never know how markets will behave, even this week as we went through the roadshow with sonos. it was not the easiest way to take a company public. those ebb and flow. broadly speaking, the spirit of entrepreneurialism and the value proposition of what venture companies can do continues to grow. you can never predict those short-term, but over the long term, era very optimistic about what we see in the tech landscape in the future -- we are very optimistic about what we see in the tech landscape in the future. emily: coming up,

. >>> airbnb are now banned.he homeowner found his home trashed and it was in a $4 billionproperty. airbnb sai they have zero coverage. >>> a new study finds that many babies and told toddler foods contain heavy levels of heavy metals like cadmium or lead. products containing rice or sweete potatoes wore likely to have high levels. organic foods were as likely as conventional foods. perts recommend a balanced diet not emphasizing any one particular grain or food. >>> a groupf metro union workers is calling for the transit agency's chief to be fired over the handling of last weekend's white supremacist rally. eaansit officers escorted them through a rail car. the officers were there to prevent the confrontation and they say the train made all of the normal stops. >>> it's 4:51 right now. showing up at a wedding without rsvping is rude. >> yes. >> a woman in georgia took her party crashing to a whole new level. tried to steal the bride and groom's gifts. >> what? >> yes. katheryn dardo took $2300 of cash and gift c

this is part of airbnb's at night promotion.ther locations included a top of a ski jump and a floating house in london. >> also new, if you're cutting through los gatos as a way to get to the beach faster and you behave badly, the city is planning on coming after you. the mercury news announced the mayor wants to increase hours of officer overtime so they can do more patrols but not until next summer. drivers are doing things like blowing through stop signs and driving the wrong way to try to cut down the drive time. not clear at this point if all of the violators are out of towners headed to the beach or perhaps if they're locals doing it too. >> definitely gets congested in that area. 6:36. unfortunately, the east bay still dealing with slowdowns, but good news. a thumbs up for clearing along northbound 880, fremont boulevard. all lanes are now open. no residble delays in that area. however, we still have delays on southbound 880. the number two lane is blocked due to a stalled vehicle. that poor person out there having a toug

an airbnb found out after a contest to spend one night on the great wall of china. it canceled the contest after backlash on social media. there were other locations including the top of an olympic ski jump, and a floating house in london. they claimed they had no knowledge of the publicity stunt. back over to you. >> at some point, you have to look around your office and say, anybody think this is a bad idea? thank you, landon. >> it's almost here. outside land is starting tomorrow. stages are up in golden gatee'l the first cannabis experience at a major american music festival. by first, we mean the first official cannabis experience. certainly people have experienced it before. the headliners this weekend are florence and the machine and panic. >> all right. so coming up, a look at the weather. going to look good for this weekend? >> going to be great this weekend. we're going to have great weather in san francisco. inland areas still dealing with the smoke, and it's going to be slightly hotter today. here's a look outside at fremont and our temperatures going fr

the cities and airbnb agreed to a 10% occupancy tax. similar agreements already exist between airbnb and several other bay area cities. >> color is an important thing for grape growers in wine country. when the grapes start to turn from green to red, the harvest is getting close. that's what's starting to happen for a lot of crops. that typically means the grape harvest is just about six weeks away. growers expect the haul to be slightly larger than average. >> new video and unusual traffic stop in colorado. the car was already parked and left unlocked. and the subject behind the wheel acting like a real animal. >> because it was. >> it ran off. the deputies from a distance had actually opened the car remotely. that way they didn't have to get in there, but yeah, you see the car was trashed, and this may be a lesson for the driver, when you're in bear country, do not leave yummy things in your car. >> they will sniff out the smallest little piece of gum. >> it's amazing. yes, they absolutely will. i will also point out if you have teena

. >> you could call it an airbnb nightmare. a loupdoun cou y man found his home trashed.e pulled a gun to stop the offenders from getting away and now he's under away. as juliearey reports, his attorney is fighting those charges. >> reporter: it's a stately airby, a $4 million prope with a view. the owner found windows smashed and tables overturned and broken and glass from beer bottles and blood, lots of it, on door frames, on floors, o walls. we're not showing the most disturbing shots. a property employee discovered the dama the group that had rented the home on airbnb still on site. 911 was called and t owner jack andrews rushed over. his attorney says because of e uncertain scene he entered with his gun drawn. >> it looked like there was a mass murdere his perspective there. >> reporter: when andrews confronted the group, they scattered for their cars. he was able to block a bridge and keep one cload on site. minutes later deputies arrived but to urandrews'ise he was handcuffed. he's charged with five counts of an ducksnd firearms charges. the five people he was hold

it occurred to me, how could would it to be a get an internship at airbnb and you were to help legacy businesses? i think we should look into how could we facilitate these companies helping at a level making donations to san francisco city and county, and you know, all the p.r. benefits that come from that. especially with our program which is really, i think, shaping up, especially as we're finishing our branding program and start to roll that out. it will become a lot more visible. i know that the legacy business is grateful for the support they receive getting through the process. if nothing else, there is the gratification of documented your history which you've never taken the time to do. not only for yourselves but for your children and grandchildren. there is nothing but feel-good out of that exercise. so the more of that we can do, beyond rent mitigation, all the potential financial benefits, but the mere benefit of going through the process of getting on the legacy business registry, i think is a beneficial one and one that we should try to do more than we do. because right n

airbnb has got into a bit of bother in china.ite has scrapped a contest offering people the chance to spend a night at a section of the great wall of china. critics condemned it as a publicity stunt that could have led to the ancient monument being damaged. according to chinese media, airbnb never received approval from local authorities to run the event. let's bring you the latest on a special congressional race in ohio, which is still too close to call. republicans have declared themselves the winners already but the party spent millions on what should have been a safe seat. as it stands, democrats have closed the gap to less than 1%, which they say is an ominous sign for republicans in november's midterm elections. separately, a republican member of congress who was one of president trump's earliest supporters has been charged with insider trading. rajini vadyinathan reports. he's a really hard worker. drogba alderson, come on up. just a few days ago donald trump was on the campaign trail for this man. days ago donald trump wa

. >>> airbnb's latest marketing scheme is hitting a wall china is putting the kibosh on airbnb's userso book a stay on the great wall of china. china's cultural commission says it is not in line with cultural plans. airbnb says they are working on a cultural experience there. >> to me, booking a room outside is camping is this the glamping version you know what glamping is? >> i know. glamorous camping. that's about the only camping i do not on the great wall. >>> how would you like free mcdonald's for life? that could be a reality for one lucky person mcdonald's is running a sweepstakes for a gold card, which would entitle you for two free meals a week for 50 years >> your favorite item now is what >> french fries. >> you went with the easy one. >> the mcmuffin. >> mcgriddle >> thank you very much >>> still ahead, a double dose of deal news to jump start your thursday and to russia without love mr. on what is sending the russian stock market tumbling. [music playing] (vo) progress is in the pursuit. audi will cover your first month's lease payment on select models during summer of aud

. >> airbnb giving you a chance to spend the night at the great wall of china. here's this morning's tech bites. >> in today's tech bites, facebook's new dating feature. the company employees are intern aly testing it out. >> users will be able to browse matches based on what facebook knows about them. here in the u.s. it will be limited to users 18 and over. and doctors have coined a phrase nap chaths dysmorphia. >> the psychology of patients seeking surgery to look more like the filtered versions of themselves on snap. a respected medical journal calls it an alarming trend that blurs the line between fantasy and reality. >>> airbnb is offering the chance to spend a night on the great wall of china. >> the contest winner will sleep in a guard tower. entries will be accepted through saturday but compete with me and ken d kendisbecause we are going to get there first. >> those are your tech bites. >> could be fun. no roof. roofless. pack a sleeping bag. >> 4:52. following breaking news on the bay bridge. the traffic is moving, although very slowly on the eastboun

oh, well. >>> a unique travel opportunity thanks to airbnb.a contest and the winner will spend a night on the great wall of china at a specially remodeled guard tower. >> the winner also gets a gourmet dinner. it is roofless in order to take in all the stars. >> you have to answer two questions about breaking down barriers and making connections. entries will be accepted through saturday. kendis and i have already applied. >> you first. >>> now to a photo that has many of us asking why, just really why. a texas a&m graduate mckenzie nolan is getting plenty of attention for posing with a 14-foot alligator known as big tex. it's definitely not your typical graduation photo. >> there's this shot of the gator holding the $1,000 class ring on its nose. that's impressive. now nolan didn't pose with just any other gator. she's an intern at gator country, a rescue operation. >> one of her jobs is feeding big tex. >> she has some talent. >> i guess. >>> all right, if you're not familiar with poutine, it's a canadian dish with french fries topped with c

it is the airbnb, and others, and reading back from the open article how europe is rising against airbnb having a serious impact on housing. the shortage of housing and detrimental effect on affordability. and the cities of barcelona, munich and paris are leading with pushing back on airbnb for the length of permitted rentals, and for fines that are mind blowing. if somebody exceeds 30 days, the fine is 600,000 euros. you may want to multiply that by 1.17, in order to get the equivalent of u.s. dollars. this is a staggering amount, and a great deterrent, i would like to pass that on to our gatekeeper, kevin guy, so we are feeling more emboldened to look at comparable measures in this city. there is an article in german for those not fluent in the language. and i think those are my comments for today. >> president hillis: thank you. commissioner richards. >> commissioner richards: piggy backing on what commissioner moore said on the vacant taxes. i hope coming under the affordability study that there would be legislated recommendations on how to actually solve the affordability issue up t

the cities and airbnb agreed on a 10% to 12% occupancy tax at reservation.hat will go to city services. similar agreements already exist between airbnb and other cities. >> color is a great thing for grape growers in wine country. when they turn from green to red, they're getting close. that means the grape harvest is about six weeks away. growers expect the haul to be slightly larger than average this year. >>> here's a story that has blown a lot of people's minds. identical twins marrying identical twins. the lewin brothers are marrying the sisters this weekend. all are from michigan. they met in college. they were on the "today" show this morning talking about how marrying another twin makes sense. >> it helps so much having somebody who understands the special relationship that twins have. >> yeah. >> i feel like that might cause issues or there's a possibility of it causing issues for those who don't understand. like, if another spouse feels threatened by that, but thankfully we don't because we understand, yes, i need be with my spouse, but i also need

find out how it will take on the likes of airbnb next.♪ kathleen: this is daybreak asia. i am kathleen hays in new york. haidi: let's take a look at travel. a fun thing to talk about. a hong kong based startup that helps looking and information, -- new financing brings funding to 300 -- $300 million. it is competing with the likes of airbnb. joining us is the chief revenue officer. i spoke to some of my colleagues who used your service to book ticketsike ocean park and other travel experiences, but we want to compete with the likes of airbnb. give us an idea of how you position yourself and how you describe your business. are an online travel platform that provides an opportunity for people to book and discover destination services and. we carry things from tours, activities, attraction tickets, even local foods. it covers everything that you would want on a trip aside from the flight and accommodations. we are on track to making one billion u.s. dollars in bookings and that puts us in a good spot s having they kind ofst supply and produc

recently we just heard from the director of customer experience for airbnb who testified that, yes, paul manafort had used what he had referred to in taxes as a private residence, a second home, and leased that out on airbnb. as i was talking to a few people after that testimony, we thought that might not go over so well with the jury because lying about renting out your airbnb when you're actually owning a home is something i think a lot of people who might not consider themselves hard criminals have done before. it seems to be one of those rules that more -- it's more common for people to break. but there's a whole host of other financial crimes here. the prosecution has documents upon documents of paul manafort himself signing off on applications he knew were false. >> it looks like one of the more interesting nuggets also is his reported income versus his earned income and what they are alleging that he hid. what are the numbers? >> that's right. so he earned about $30.3 million. of that he only reported $13.8 million, which means there's about $16 million unaccounted for. that was u

coming up, from uber to airbnb. the waiting game for ipo's is getting longer.ome are opting to stay private. this is bloomberg. ♪ emily: a slew of high-profile startups are opting to stay private for as long as they can. investors and employees are finding more ways to trade shares privately. according to a new report, deals in the private market have grown dramatically this year. we are joined by nelson griggs, president of the nasdaq stock exchange as well as bloomberg's julie, who has been reporting on this. -- what is driving the volume difference? all i can think of is uber. >> it is a group of companies. we don't talk about specific companies that use the platform, but you have a lot more activity this year. we saw at least 50% more companies to conduct these private transactions and it is driven by the fact that they have changed from company buybacks and third-party tenders. that is driving a lot of the activity. emily: are they typically trading at a discount to the latest private valuation? are -- or our employees at insider getting more for their mon

emily: meantime, you also cover airbnb, which hasn't given any signals at all about their ipo. >> theyhe ceo recently came out and said they are going to go no later than 2020. he made that very clear to his employees because the stock will start to expire around them. he has said we are not going to wait much longer. we will be ready to go around this time next year, the back half of 2019. a lot to work to do, they need to hire a cfo, they need some independent directors on their board and there is a town of regulatory uncertainty for them. new york came down in them. they're planning to cut their listings and half in new york city which has cut their new york city revenue in half. a lot of uncertainty and i think they need to deal with that. emily: could they face the regulatory crackdown they are seeing in new york, to that help and elsewhere? >> we're starting to see it in japan. emily: alex, when you think about bigger ipo's like uber which dara has said by 2019, how do those big ones change the dynamic of the market? >> exactly. snap is a what example. dropbox is a good example t

they showed airbnb records.y indicated that manafort rented the property and one of the mortgage bankers testified. if it was a rental, he would not get as much money. he exceeded the bank policy by $2.4 million. prosecutors have four more witnesses to call and two have immunity deals. prosecutors say they intend to wrap the case today. christine, phil. >>> thank you. the federal judge threatened to hold jeff sessions and others in contempt if they did not return two asylum seekers to the u.s. the judge erupted in court when he was told the woman and her daughter were on the plane to el salvador. government lawyers promised no one in the case he was hearing would be deported until thursday at midnight. he said i'm not asking. i'm ordering. by nightfall, the deportees had been returned to texas. >>> investigation under way in texas after allegations surfaced that a child died after released from the i.c.e. facility. the spokesman tells cnn they now have the child's name and have opened a probe into abuse and negl

. >> reporter: airbnb says it's goal is to show visitors where they can shop and eat to get the authentic flavor of the areas where they choose to say. >> in the neighborhood, is the small business that is the backbone of each commercial corridor. >> reporter: chinatown officials say this event was a success, because not only are airbnb hosts running to recommend the businesses to their guests, they plan to return to shop himself. in oakland chinatown, amberley, ktvu fox 2 news. >>> david caceres tweeted that he has found a job. he had moved to silicon valley from texas to work as a web developer. he used up his savings and was living in his car. a woman took his picture and shared his picture on social media. it went viral. offers for job interview started to pull -- pour in. he says he has accepted a position as a software engineer. >>> up next, how two toddlers survived a car crash that their mothers did not. >>> another day of gray around the bay area. we will bring back our meteorologist as we search for any changes in the forecast. >>> a bill that would make california the state --

it has backed the likes of facebook, airbnb, linkedin. what are the next big trends?from greylock partners joins us now. you are also founder of a company called gladly that you run outside of greylock. greylock has seen some companies go public recently, dropbox. how did those exits impact greylock's appetite for multistage investing versus traditional a round? >> i think that we try to focus primarily on the early stages, but we believe in being a partner through the whole process. one of the things that's unique about what we do is not only are we the first investor, but we can help shepherd those companies through that whole process to being public and large-scale. emily: given the amount of capital that is flooding into the market, huge funds like softbank, we just saw toyota make a $500 million investment in uber, how is that changing your strategy? joseph: you've seen companies be able to get more access to capital and do more audacious, big ideas. emily: that also means more competition, right? joseph: most of the competition we see is the traditional venture

. >> not a lot of people realize, before uber and airbnb, there is rabbit. how did you come up with the idea to have an online platform to convince people who needed peop toun errands for them. >> you know, back in 2008 this is not a obvious ia. this is long before you would ju in a stranger's car off the street, right? but i was sitting at home one night with her husband. we were getting rody to out to din interi realized we were out of dog food. it was a cold and snowy outside. we didn't want to go out. we were like there has to be someone out there to help was the job. four months earlier, the iphone had just come out. and i knewha i could build a plan form that connected me with someone in real time and that is where the yt was gornl. >> it was a cuff and the quef started to change. there were trends in the way that people wanted to find and earn run and they wanted flexibility in the za to day.th idea for fafk and a ormalization 340e6 and i don't think that these two ideas of having benefits and security and sort of the safety net along with the freelan

the building where the shooting reopend will not >>> now to an airbnb nightmare. a loudoun county man found his rental home trashed with blood and debris all over after a party and a fight at his house. >> when he tri p tovent the renters from leaving, he was the one arrested. this is whatack andrews' home looked like after that party and fight over the weekend. you can see broken glass, blo d on theoors and the floor. andrew lawyer says heushed to the house after hearing about the damage. he took his gun because he was concerned f his own personal safety. when he pulled out his gun to stop the group fro taking off, deputies put him in handcuffs. >> i think jack thought when he saw these people trashing his house and they fled the scene, he thought he would be the focus of the investigation rather thal the p who did $80,000 of damage to his home >> he's charged with five counts of abduction and firearms charges. a fight broke out when another group crashed the party. none of the renrs has been charged. they probably won't have active airbnb accounts for ail >> ter