some of that is happening on airbnb.pent aggressively last year planning for a public offering this year. can that still happen? was it a mistake to send that money even though nobody could have foreseen what we would be going through right now? chris: none of us had the global pandemic playbook in our drawer. if we had game planned for any number of scenarios including being ready if there was some type of a disruption along the lines of 2008, 2009 or 911 shade a go -- or 911 shade a global pandemic is on a different level. the investment we made in 2019 was for the long haul. a significant amount of it was in the tech infrastructure of the company. that will serve us well into the future. ultimately, no one could have foreseen a pandemic of this level, the decision is going to serve this company as we go forward over the long-haul. shade airbnbght senior vice president for policy. thank you for calling in. appreciate you joining us. i do want to recap those headlines that are rolling in from google. google obese on hir

airbnb, there's head wind. they are burning cash.play out, that was expected and like deirdre said, the fault lines are exposed. they were working through them but i think they will settle it. i think what this has done is really exposed all that. we need them to come out stronger on the other side and the market will force them to. the sharing economy is a part of our lives, of our economies and i think they will come back -- they will innovate and come out stronger on the other side. >> deirdre >> i disagree that you can't put a pin on the valuations. you can. they're becoming very, very clear. airbnb last raised equity at a $16 billion valuation. about half of where it last raised money uber at less than $55 billion market cap one point it was pitched as a $120 billion company it was worth $76 billion on private markets lyft trading far below who's the biggest investor in these names, the backer of the sharing economy? that's softbank. you have the look at the role that they have played in boosting up these valuations that now see

the global -- the travel agency as well as airbnb.e's who it is, some of the biggest institutional investors, fidelity, t row price, wrack rock, silver lake, apollo and oak tree capital sources tell me that more wanted in this debt offering was oversubscribed by two and a half times. airbnb isn't the only company raising debt to pad its balance sheet amid coronavirus and getting steep terms for it this isn't apples and apples but it gives you idea of raising debt in the age of virus.month, raised $600 million in debt at an interest rate at just under 8% wynn, $6.7 million slack, on the very other end of the spectrum, raising $750 million in debt recently, at a rate of just half a percent. the different, of course, guys, is that slack is thriving amid covid-19 while the other names are getting hit very hard. now, airbnb is probably far from over as it tries to bail out some of its super hosts and tries to give more of its guests refunds. so the pain certainly isn't over, but what this indicates, perhaps, is that some of these names, th

. >>> san francisco's airbnb is now requiring a 24-hour gap between bookings and people in florida'sst retirement community can soon get their medications by drone. here's "tech bytes." >> residents of the country's largest retirement community in central florida will get prescriptions on ups drones starting early next month. new standards at airbnb during the outbreak, listings will show if a property has been deep cleaned, and they are requiring hosts to have a 24-hour buffer between guests. and then lessoning the stress of the pandemic, oprah headlines several big are your a great day. >>> los gatos based netflix says it will release a documentary focused on michelle obama next wednesday. it's entitled "becoming", and it's offering a rare and up close look at her life. >>> "star wars" is coming to disney plus two months earlier than planned. it will start streaming on monday may 4th, surprise, and disney is the parent company of abc7. >>> if you watch tv for free using an atenia, the re-scan is happening tomorrow. if you watch tv through a cable or satellite service you don't have

, it is worse and we've seen that in sort of the debt that airbnb has taken on and the evaluations at which they've taken it on. having said that, there are a number of startups that are doing extremely well and thriving in this environment and there are companies like the smaller private versions of zoom and slack. collaboration tools for remote workers, you know, other kinds of communication channels, process automation companies that can do, you know, repeatedly perform tasks that otherwise people would be doing generally in one big room manually over and over those kinds of companies are thriving software, businesses that can save enterprises money as companies look to cut operating expenses and think where they can save a dollar here and there, those companies are doing quite well i think it's a mixed bag and in this environment, just as was the case in the dotcom bust and again in 2008 and 2009 there are great opportunities to invest in the private markets and we're certainly seeing that. i don't think you'll see as much of a letdown in private investing as you saw in 2008 and 2

is who is buying into airbnb at this moment amid so much certainty. they're some of the biggest institutional, private equity and hedge funds. fidelity, t. rowe price, sixth street partners, they put money in the deal prior, and apollo and oak tree capital they're essentially betting that air bshbnb will get through thin could emerge even stronger >> deirdre, thanks deirdra bosa with the latest for us tyler? >> all right shares of tesla up 34% over the past month wow. climbing again today after its factories were shut down because of the coronavirus goldman sachs saying the stock is a buy we'll talk agent whether there's even more room to run. that's next. issues facing our world, what do you see? we see breakthrough medicines getting to patients in record time. we see harnessing natural gas unleashing the promise of clean energy. we see engineers simulating the future to improve today. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. t

i reported that airbnb is slated the first half of 2020. >> right. there was speculation many would try and rush out in the 2019 good market time frame. i think less have gone than what we thought. >> the problem you're trying to solve as employees that don't want to wait ten or 12 years to get value out of the companies they work for, this is not a new problem. we saw this happen with facebook which took ten years. can you talk a little bit about the pros and cons of doing this? i know companies generally don't like employees to go out and sell their stock early. >> that's changing. what's different now is that companies now recognize that shareholder and employee li liquidity is actually a beneficial thing. nre a company for four years and private for 12, you should probably start helping them. we've seen an incredible number of institutional sellers. what's driven our volumes has been investors who are late stage who are in a company for five years and they're selling with ipos as well. we saw this with slack. you used to have a tender offers. tha

workers from lyft and uber as well as those betting the farm on airbnb.xt on the topic. a room some dharmarajan -- arun sundararajan. i want to get an idea of how you calculate the sharing economy as a portion of u.s. growth. hello. alix: can you hear me ok? arun: i can. the sharing economy, as a fraction of total gdp is still relatively modest. it is concentrated in the travel sector through airbnb and the urban transportation sector through platforms like lyft and uber. in some extent in the on-demand labor sectors. seen the numbers steadily grow. it is hard to come up with an exact quantification of how much of the sharing economy is in the gdp number, because there is no unified definition of the sharing economy. i could see a lot of platform based retail of the kind we see through amazon as being part of the broader shift towards crowd placed -- crowd based platform models as opposed to the traditional retail models. numbers we get these like personal consumption down 7.6% how does that hurt the sharing economy? arun: a lot of these drops are changes

be opened for walking and exercises and alcohol consumption and lodging, you can get a hotel and airbnbk that he's gone far enough by simply closing down most nonessential businesses? >> well, i know -- i represent my mayor and my city council who are upset about the fact that we had done all of those things and we also had put in stricter rules on the airbnb's, the rentals and the hotels that no new check-ins as of noon last friday and it was really something that came out in the last second undid everything that we had done to try to protect the citizens. rob: i can understand that you have the beaches and when they are packed that really throws people. you saw the same problem in california, turned people off. he did put the 6-foot order in place, though, and i have one more thick. even here in new york, even here in new york city the epicenter of all of this people are still allowed to go out and exercise and go for runs. why do you think that's -- do you think that's okay here and shouldn't that be allowed in your state as well? >> we we do and we think it's okay for the citizens a

talking about renting airbnb.here may be an immediate recovery or sort of a recovery for some companies but then they are going to be saddled with an enormous amount of debt that may be years before they recover, recover. >> it's going to be so different when things attempt to get back to normal. thanks a lot, scott. >>> something good to talk about courtesy of nasa and so much for mission control even nasa employees are sheltering at home and this is how you control the curiosity mars rover from home. several computer monitors help the situation there. curiosity has been roving the planet mars for eight years now. >>> and from working at home to happy hour at home sounds like a good thing. >> i think several of those ro the world. neighbors in italy found a nice way to celebrate at a distance in the ongoing lockdown. this video was posted showing about a dozen people standing on balconies holding long sticks. they had wineglasses securely attached to the end of every stick. and the group clinks them. >> i'm impre

. >> reporter: we reached out to airbnb, which recently launched the frontline stays program. company, which has been dealing with a wave of cancellations because of the pandemic, is now focusing their efforts on housing first responders. livingston has signed up for the program. a representative for airbnb says they're working to find livingston a place to stay that's close to her hospital. melissa colorado, nbc bay area news. >>> hold that big mac. today mcdonald's workers across the country walked out on the job. they say they're concerned about safety conditions. our investigative unit spoke with several bay area mcdonald's employees who feared losing their jobs if they become infected because they simply don't have enough sick time or vacation time. a mcdonald's president did not address the vacation or sick time issue but says they are instituting daily wellness checks for employees. they're also going to start making gloves and protective barriers available at some restaurants. >>> oakland is opening a new drive-through testing site but it's not open to the general publ

. >>> up next, the changes by airbnb to help both hosts and guests stay safe while traveling ♪ >> patriciaat a great song driving around in my dad's car in the backseat that he would play this song or it would come on the radio. he didn't play songs, it would come on the radio, you had no choice. the fifth dimension, up up and away. thank you for the request that we are getting some good ones today, our viewers have excellent taste, go ahead and hit us up with the request on facebook, twitter and instagram by using the # ktvu . >> sal, have mercy on me, please . >> i love this you can fly . >> if you had season passes for skiing this year but couldn't go because of the coronavirus, you will be given credit for it. the company that runs heavenly norstar kirkwood ski resorts will give credit to currencies and passholders. you will receive a minimum credit of 20% towards next seasons past if you didn't use your past you will get 80% credit. >>> facebook wants to help members help love despite shelter in place orders. facebook is making plans to hold virtual dates using video chats on messenge

airbnb raising $1 billion in debt and equity.breakavirus hammering airbnb and the disease has made a possible ipo this year uncertain. that is your bloomberg business flash. ,uy: if you have a bloomberg check out this function, tv . you can watch all the interviews we have been doing on bloomberg and some great guests are lined up. live events. you can interact with tom and i directly as well. tv . this is bloomberg. ♪ ♪ guy: i am guy johnson in london, tom keene in new york by the park in manhattan. ours get back to conversation with ron temple of lazard asset let's talk about what is happening in the markets. the equity markets have been particular and there seems to be the temp tatian of seeing any flattening of the contagion -- temp tatian of seeing any -- ion of seeing any flattening of the contagion -- and a sense of where we are and how we should relate the virus as it relates to decision-making? ronald: with the market having traded down as much as 35%, on a two to three year basis that represented a buying opport

i think maybe tightened it up a little bit, smoothed out the wrinkles but maybe airbnb is the way tostill to come on "squawk box," quicken loans ceo joins us and discusses the mortgage market and real estate prices. stay tune. osu've seen the black light in the hotels stay tuned we'll be right back. >>> welcome back, everybody. new data out this morning on the housing market diana oleck is here and she has more on the front on the mortgage business. diana. >> reporter: mortgage rates dropped to the lowest level ever in the mortgage bankers association weekly survey last week that's 1990. that caused yet another rush to refinance. the average rate on the 30 year fixed with conforming loan balances held at 3.45% from 3.49 and that's with loans for a 20% down payment 99 basis points lower than the same week one year ago total mortgage application volume rose 7.3% compared with the previous week that seasonally adjusted and driven entirely by refis. refinance applications jumped 10% for the week and 192% higher than the same week one year ago. low rates did little for home buyers mortgag

airbnb getting a one million-dollar investment from silverlake. investso said they would with more hosts into the community. update, the company saying it is focused on long-term, the investment from silverlake. , prior, i am wondering to the outbreak, we were expecting to see a few more of these big private companies, a few more of these unicorns try to make their way. the private corporate space, particularly with some of these larger names, do you think there is still an opportunity for some of these companies to make it into the private market in 2020? michael: probably not. that is why you see a company like airbnb do the smart thing and secure financing while they can. if you are a profitable technology company, i think people will give you the benefit of the doubt. the building and they will, models, tied to activities being directly impacted by the virus, getting beipo is rightfully going to extremely difficult. if it happens, it will happen in asia. is the biggest risk for investors when it comes to positioning? is it to be sitting in cas

airbnb hosts apparently do qualify. >>> it's been a dismal day for auto makers. auto sales crumbling during the first quarter and of course, during the month of march. two of the worst hit names last month, hyundai and mitsubishi. hyundai sales plummeting 43% although the stock is up just under 1%. and mitsubishi sales dropping 52% in north america. mitsubishi stock down 3%. let's flip it over to u.s. auto makers. they did not escape the scourge, either. gm reporting a 7.1% sales decline during the first quarter. that stock down 7.6%, now below $20 a share. fiat chrysler slid 10.4% for sales during that same amount of time, those shares down 5%. fiat chrysler now a $6.82 per share stock. >>> as the number of virus cases here in the u.s., talking cases now, hit 200,000, doubling in just five days here in the u.s., we have team fox business coverage standing by. we've got trader teddy weisberg to break down this market selloff and explain what we are now calling rose-colored data. blake burman on the possibility of a $2 trillion infrastructure plan. and former ubs

it heads -- it is also reducing the chances airbnb will go public soon.end with wells fargo, the bank promising to catch up. it fell behind his rivals. that is because of a delay in processing applications. many of wells fargo customers are worried they could miss out on the loan. that is your bloomberg business flash. francine? tom? much,iviana, thank you so greatly, greatly appreciate it this money. right now a little bit of data for you. what you need to know as a giveback on the good news you saw yesterday on equities, you're decidedly lower. focusing on a two year yield indicating what jon ferro heard, which is global retraction. francine? francine: yeah, dollar and treasurer actually gained, and we are also focusing on pound, the big winner from the pandemic heading central europe. coming up, we speak with john hardy, the head of fx strategy. we will talk dollar and pound. this is bloomberg. ♪ w?w?uhió'ñó ♪ >> we were looking at some of the pairings in the market. the kiwi dollar leading the decline as there is a risk aversion because of what oil is

like the rest of the travel industry, the coronavirus outbreak hammering airbnb's business. disease also has made a possible ipo this year uncertain. and that is your bloomberg in the flesh. guy? tom? they data really quite something today, another lift to the equity markets, yield higher, with curve steepening. dollar resilient, but actually a little bit of the bid. to the emerging markets as well. that is what we have. we have stephen king with those of h is bc -- of hsbc. and another guest that we are thrilled to speak with about the emerging markets, and this huge ambiguity -- which way for the dollar in this april? which way for the dollar come september? stay with us. this is bloomberg. ♪ awesome internet. it's more than just fast. it keeps all your devices running smoothly. with built-in security that protects your kids... ...no matter what they're up to. it protects your info... ...and gives you 24/7 peace of mind... ...that if it's connected, it's protected. even that that pet-camera thingy. [ whines ] can your internet do that? xfinity xfi can because it's... ...si

are the likes of airbnb and other sharing economies just dead in the water here?think debt in the water is probably too aggressive a statement. i do think the business models will have to shift, and softbank will be key to that as one of the portfolio companies. i think they will also have to curtail some of their investments and potentially sell some that might not be able to forive on the other side distressed valuations. i think they will play a key role in trying to get these companies to the other side, but no doubt, it is a new normal, especially on the gig economy side. that is where you gain some public perspective when you have names like uber and lyft as a microcosm of what is going on in the private markets. vonnie: softbank has deep pockets, but there has to be a limit to what softbank will withstand. that withnk you saw the last round in wework, where .hey walked away i think right now, it is one where they are going to have to make some tough decisions going forward, but especially in the numbers you are seeing here, everyone is bracing for a big los

now to airbnb.ther $1 billion in debt with the global coronavirus pandemic crushing demand for travel and diminishing the prospect of an ipo. i'm sharing company has been shoring up finances. bloomberg understands airbnb source the debt from investors including silverlake and blackrock. we end with oaktree capital howard marks. the investor known for buying up debt of troubled businesses says the troubled central bank is protecting investors and companies from the consequences of their actions. he says when they take on too much averages, businesses are shielded. that is your bloomberg business flash. francine? francine: thank you so much, that the on hurtado, in new york. -- viviana hurtado in new york. we understand that germany will likely extend the national lockdown measures until may 3. germany also one of the first countries mulling possible easing, but for the moment they are extending. we know that angela merkel, the chancellor, will speak to various regional governors today to figure out t

twitter,lverlake with silverlake airbnb as well.b looking to apollo and other larger institutions to help find financing in private market. at somewhat expensive rates. goldman is a big intermediary of these types of deals. morgan stanley, which we hear from tomorrow, also a big intermediary. you see investment bankers really getting creative in this tough market. vonnie: great reporting. we will be speaking to you throughout the day. that is bloomberg wall street reporter sonali basak. coming up, crude falling to its lowest since 2002. the iea outlook for demand is down, of course. we have more details next. this is bloomberg. ♪ ♪ demand is falling down so badly that they could only limit the damage. we expect this year global oil demand to decline 9 million barrels per day, and in the month of april, demand to collapse 29 million barrels per day. , even: eisuke in here with efforts recently from opec+ and the g20, i.e. a director fatih birol not optimistic on the global demand front. let's ring in phil streible of blue line future

is working with airbnb providing their members with additional benefits.ave hotels coming forward and offering free hotel rooms. so we thank them all very much. last night, as a signal of our thanks to the workers who are out there every day, we lit up our landmarks in the new york city area. falls, blue in their honor. and that is a nice abolished tribute. what is more, what is better is, to take action that shows our gratitude, saying it is nice, doing it is even better. created a, congress victims compensation fund. i have been working with our congressional delegation and we think the federal government should set up a heroes compensation fund to compensate our health care and other frontline workers for what they did here. saying thanks is nice. actually providing assistance is even better. the big question is going to turn to, when we reopen? especially in places like new york. we are going to see the numbers starting to change. thenatural trajectory, human movement, is going to be ok, now let's reopen, i need to get out of my house. i have been coop

. >>> starting in may airbnb host will have to wait 24 hours within bookings. they will also get new guidelines on cleaning including specific disinfectants. a host that want to participate can go through proper training to be certified with the new program. >>> a food bank getting a major boost. foster farms out of livingston is donating 110,000 servings of poultry products. that will go to help families in need during the pandemic. it's not the first time that foster farms has made a generous donation. earlier this month they gave hundred 20,000 servings to san francisco city impact. >>> the feds are asking the makers of hand sanitizer's to add an ingredient. the fda wants denatured alcohol to create a bitter taste, making the sanitizer less likely to be ingested. the fda is concerned about the hazards to children. today's advisory follows president donald trump's controversial comments about whether injecting or swallowing disinfectants treats covid-19? >>> up next the question that many of us are wondering. if i recover from covid-19 can i be infected again

away for over $3.8 billion back in 2015 that's the home renl platform that directly competes with airbnb these are two private equity firms that do have significant experience investing in hospitality and travel, both putting money to work in airbnb, just in the last one month and apollo helping out with a debt round with united airlines and in the past it was one of the significant investors in norwegian cruise line and ended up taking that cruiseline operator public in 2013. it will be interesting to see not just with expedia but the role private equity tries to play in turning around companies that have a lot of liquidity concerns they need to address. >> seema, thank you. let's get a check on where we stand in today's trade decent gains across the board for the major indices up better than 1%. not quite 1.5% on the dow. that translates into about 327 points we'lbeig bk.l rhtac - [narrator] at southern new hampshire university, we're committed to making college more affordable. that's why we're keeping our tuition the same through the year 2021. - [student] i knew snhu was the place f

others are crashing and burning like airbnb. as we know, there are lots of people hurting right now who need work. that stimulus package just isn't cutting it, as your previous caller said. it's not working. it's not enough. they need to be looking at jobs such as instacart delivery to make ends meet for now. which may help. forlso puts them at risk catching the coronavirus. host: you are in one of the states that is the epicenter, new york city. hit hard. what about upstate new york, the buffalo area where you are at? host: -- guest: we are not in crisis like new york city is. it is here. we are on lockdown. we are taking this very seriously. aware that our neighbor, new york city, a few hours away, is struggling so much. within weeks, we could be in the same position. host: let's go to bob in auburn, maine. good evening. caller: yes. example that an you are an 18-year-old student who would have graduated in the next 30 days and who would have started college at harvard or princeton orate -- or a similar top major college in th

presentation barack obama was the first president to have a twitter account and instagram the founders of airbnb and uber would crash two very different accommodations and upscale hotel rooms. independently they talked about their experiences that crystallized into the idea for a company. with obama and the iphone the abundant patronage for historians. don't forget meanwhile there was a great recession a lot of people carried fabulous magic phones. in 2010 or 2011 it seems all the ads were for apps some android phones also and then maybe it was the other way around. there is an app for that was the iphone slogan. then it was normal every day past the point of being new. the crowning achievement, ten years after the phone hit shelves people still talked about it like a new creation the changes occurred and icon boxes and the changes happened inside and then the hardware for the most part did not there were moments to reflect how powerful it has been the time i happen to observe someone at the grocery store face timing to talk to a friend in american sign language before the iphone people looking

what i've been telling airbnb owners, of course some people rely on this with her income.ot everyone can, but if you can spare the income right now, i was not a great time to be using your airbnb. if you have to, there's a couple things. you have to make sure you are using epa approved disinfectant's, and also put in a three day timeline. space. we know the virus can remain viable o 's plastic and stainless steel. you have to make sure he doesn't pass from one guest to another. >> dagen: thank you, dr. long, dr. plescia, and dr. lewis. thank you all. we are waiting for the white house coronavirus task force briefing, set to get underway at any moment now. we will take you there live as it happens. ♪ i'm your mother in law. and i like to question your every move. like this left turn. it's the next one. you always drive this slow? how did you make someone i love? that must be why you're always so late. i do not speed. and that's saving me cash with drivewise. [mayhem] you always drive like an old lady? [tina] you're an old lady. listen to doctors from the start. the coronavi

also, what about news on airbnb? lauren: airbnb. okay.ou know, the company is trying to ipo or direct list this year and that's been challenged right now because people are canceling their trips. airbnb has promised hosts and people who have booked and paid for their travel, you can get your money back. you can get your money back in cash. okay, fine. thank you. however, customers are complaining that it's near impossible to get that money, that airbnb is making them jump through hoops, providing documentation that they're sick or a health care worker or that there is indeed a government lockdown in the place they live or that they were going. so it's been hard. airbnb says we will give you the cash but that's not happening as fast as a lot of customers would like. ashley: yeah, i can imagine. lauren, thank you very much. let's check tesla, if we can. we know they have announced they are furloughing workers and cutting pay through may. look at the stock, though, up half a percent, a couple bucks, three bucks, at $548 on tesla. also take a

. >> reporter: hilton and airbnb also announcing new cleaning policies to certify rooms, restaurants and gyms are safe hoping to provide peace of mind to travel weary customers. >> tom costello tonight, thank you >>> there are new guidelines this evening for keeping your pets safe as we get word of the first family dog in america to test positive here's kristen dahlgren >> reporter: when winston the pug wasn't interested in eating his family could tell something was wrong. >> as a pug owner you know that's a real find and he had a bit of a mild cough. >> reporter: the mcclains were part of an ongoing duke university study testing households to learn about the virus. three of them found out they were positive for covid-19 so they weren't surprised when researchers told them winston had it, too. >> he constantly follows my mom around the house. >> reporter: experts say winston probably got it from his humans not the other way around they don't believe people can get it from pets >> as we better understand those transmission dynamics in particularly in the household, in particular among

those would be the comps when airbnb does go to the public market what i'm told, too, by someone rovld looking at these companies, is there's a dozen or so that are attractive investments because they're thought to endure the crisis and airbnb is thought to be one of them >> very interesting. thank you. lori, would you be a buyer of some of these public hotel companies and hospitality companies like booking holdings or a marriott or you think airbnb is an exception >> one of the big parts of that is the hotel, restaurant and leez you are industry. i have ceos about how quickly things like business travel and luisere travel are going to bounce back. >> just in general in term of this rally today, did it alter anything in terms of the trend make it more or less likely to in fact we've seen a low for this phase >> you know, what i liked about today was that it was driven by good headlines on the virus. we learned investors want to see an improving outlook for the virus for stocks to stabilize. we saw two things. one, they need the number of new cases to come down to feel bet r about marke

we prearrangement their airbnb which is south of america because when the internet is not widely available in your credit cards don't work in cuba. but enough of her relatives in miami the people in miami put on airbnb and you make the reservation through them and they take the money and call the relative back in cuba to tell them when you're coming. this one is in central, the same price of the god-awful hotel rooms, kitchen, dinette, two-bedrooms other nice and it's right downtown and we stayed another one half that price i think $25 a night in trinidad. it was conveniently located above a bar which is great. and it had a porch so i chain smoke my cigars. the cuba trip was not fun. elise from 8:00 a.m. to 12:00 p.m. but after that i drink in chain smoke cigars until 12:00 p.m. i mean 12:00 a.m. and that made everything all right sort of. other oddity, this is the property rights giving incentives, no incentives into the hotel, incentives under the casa, what is missing, signs, signs are missing because cubans are poor, they are missing because no one gives a damn whether you come into th

test organizers got some friends at airbnb to set up this online registration page. the testing starts tomorrow at a drive-through site in bolinas. ucsf is providing the testing and the results. organizers are hoping the results could help stop the spread of the virus and provide a model for other communities. ucsf will launch another effort next thursday in the mission district. >>> on the peninsula, city and county officials protest the possible release of an accused human trafficker and rapist. abc7 news was in daly city, where a press conference was held to warn the public about the possible release of joshua gamos. gamos, you see him on the right and his family operated a child and residential care company called rainbow bright. they were charged in 2018 with trafficking and abusing more than 100 filipino immigrants. a san mateo judge will hear a motion tomorrow to lower his bail from $3 million to 300,000, making his release more likely. >> i believe we need to protect the victims and the community, and today this is a public safety issue. joshua gamos is charg

if you think about 2009, that era produced over, slack, airbnb, and square in just a 12 month period. ubers after finding the and slacks of 2020. enoughwill there be money? $17bank is planning to lose billion when it comes to the vision fund. will there be enough new economyities on the grinding to a halt? mamoon: this is a great time to be a founder. there will be more than abundant opportunities to invest in great companies. newave seen a barrage of investment opportunities come across even in the last two weeks. i don't think there is every bad time to start a value company. emily: you are taking over daily management of kleiner perkins. i wonder how the coronavirus has changed that or if it is changing any of the plants already in place? mamoon: we have moved very quickly from -- very quickly to work from home i think, kudos to our technology team and our operations team that allowed us very rapidly to work from home. i would say it is the beginning of march actually. to do is pretty awesome all hands weekly on mondays, weekly virtual lunches. there is a sense of connection throug

the founders of both airbnb and uber were in washington d.c. for obama's inauguration crashing in very different combination, friends, couches and upscale hotel room prospectively. independently they've talked about the experience with the eureka moments. the spark that crystallized into an idea for company. the corresponding timeline of obama and the iphone are abundant pastors for future historians. but let's not forget that meanwhile there's a great recession. a lot of people carried fabulous magic phones too. in 2010 or 2011, it seems like all the ads in the subway were for apps. there for iphones and some android phones too. maybe it was the other way around. there's an app for that with an iphone slogan and there was very often prayed the iphone became common and every day like eyeglasses. but it felt for long well past the point of actually being new. apple's crowning achievement conjured up a can temporality, ten years after the phone hit shelves, people still talked about it like a new creation. the changes occurred and little icon box

airbnb today announced they are stopping all new uk bookings for non—key workers for at least the nextonline for somewhere to stay in the lakes, and you can still find availability. it's very frustrating. all accommodation providers must go and block out their availability, both on their own site and on third party online travel agents as well. it's very important that at this time we don't give the impression that we're open for business. this is why people want to come here, and on a perfect spring day, a bumper bank holiday weekend would be expected. but not in coronavirus britain. i can't tell you how cripplingly difficult it is for me to say to people to stay away from the national park when i've spent 12 years in this job encouraging people to come here, but right now it's important that we concentrate on fighting this virus and people don't visit the national park but to stay at home. away from the tourist sites, cumbria's sports centres are being turned into makeshift hospitals. this county is one of the worst affected areas outside of london. elsewhere in the country, a toughe

airbnb today announced they are stopping all new uk bookings for non—key workers for at least the nextne for somewhere to stay in the lakes, and you can still find availability. it's very frustrating. all accommodation providers must go and block out their availability, both on their own site and on third party online travel agents as well. it's very important that at this time we don't give the impression that we're open for visitors. this is why people want to come here, and on a perfect spring day, a bumper bank holiday weekend would be expected. but not in coronavirus britain. i can't tell you how cripplingly difficult it is for me to say to people to stay away from the national park when i've spent 12 years in this job encouraging people to come here. but, right now, it's important that we concentrate on fighting this virus and people don't visit the national park but do stay at home. away from the tourist sites, cumbria's sports centres are being turned into makeshift hospitals. this county is one of the worst affected areas outside of london. checks are taking place nationwide,

more than 35,000 british citizens are stranded in india airbnb is to restrict uk bookings because ofany says that key workers can still book the measure will last until at least april 18th. premier league footballers in england have launched an initiative to raise money for the nhs. it comes after criticism, including from the government, that top flight players should do more during the pandemic, by taking a pay cut. here's our sports correspondent, natalie pirks. cheering. it is a football league with deep rivalries and players with deep pockets. last night, competition ceased for one common goal. in a statement, the players together initiative said... it is the brainchild of liverpool captain jordan henderson. the amount donated will be anonymous and decided by each individual squad, a move welcomed by other premier league captains. it is the power of everybody coming together. you know, it is one thing, one football club donating somewhere, whether that is local or to the nhs, which is great, but i think it shows that we are united as one, really. this is a great chance and oppor

bloomberg understands airbnb sourced the debt from investors including silverlake and blackrock.ice sharing startup we work is to cut more staff by the end of may. it won't say how many people will go. theceo told employees plan at a meeting, alongside the chief operating officer. the biggest shareholder, softbank, pulled out of the deal two weeks ago. wework cut 200 positions last year and terminated another 250 jobs last month. that's your bloomberg business flash. with us.th is still we were talking about the -- well,that the fed and other central banks have been putting into place. but the federal reserve especially has been putting in massive measures to keep u.s. dollar funding markets functioning. it may have now capped treasury yields to ensure short-term rates don't become unruly, according to credit suisse. what do you think about the fed starting some kind of yield curve control? i thing we briefly touched before on what governments and central banks are doing in the and talkeds crisis fairly approvingly about that. in terms of yield curve control, or control of borrow

we prearranged one through airbnb which is america because one of the internet of wild available in cuba and her credit cards don't work there. enough of a relatives in miami the people in miami put it up on airbnb, you make the reservation to them. to take the money. call the relative back in cuba and tell them when you're coming. this one is in central havana, basically the same price as our god-awful hotel room. it is a little kitchen, two bedrooms that are nice and bright destroy downtown in central event. we stayed at another one half that price in trinidad. it was conveniently located directly above a bar which was great. it had a porch so i could change book my cigars. basically the cuba trip was not fun. from 8 p.m. to 12 p.m. after that it drink and chain smoked cigars until 12 p.m. or 12 a.m. and that made everything all right. sort of. other oddity. the power of copyright give incented. incentive. no incentives under the hotels, what's missing from this picture? it's a commercial district in central havana. signs. signs are not missing because cubans are poor. signs are missin

the founders about airbnb and uber were in washington d.c. for obama's inauguration crashing and very different accommodations. friends couches and an upscale hotel respectively. and independently they talked about the experience of the eureka moments, what crystallize into an idea for company paired the corresponding timeline of obama and the eye hone unchecked iphone are abundant pasturage for future historians. but let's not forget that meanwhile there is a great recession. a lot of broke people carried fabulous master phones too. in 2010 or 2011, seemed like all the ads on the subway were for apps. then there were iphones in -- maybe as the other way around. there's an app for that too. the ad selling became common and everyday like eyeglasses, past the point of actually being new. apples crowning achievement conjured up a curious temporality. ten years after the phone hit shelves, people still talked about it like a new creation. the changes occurred a little icon boxes on little iphone screens. in the changes happened inside the peoples

a plant breeding technology start up but can you see much larger companies like airbnb,do ordash, startinguse the platform? ari: absolutely. they want trading activity for securities. clear list is the perfect solution and we can provide that solution for companies big and small. >> how is this all working? are you tweeting the capital in order to get this off the ground ? ari: clear list is going to make investing easier. it is a low-cost marketplace. there will companies participate in having trading security. an all digital platform that includes the largest institutional offices in the country. markete largest maker, is going to stand with an offer. involvementmuch does steve cohen have? clear list has a broad array of blue-chip industries .ike steve cohen, ameritrade show there is a real need for a platform like clear list and that goes deep within all corners of the industry. i have known paul and longtime going back to when i was a trader on the floor of the exchange. when we told paul about the project he wanted to get in on the ground floor because he thought clear list would be t

it is seeing an increased demand for financial guidance airbnb in talks for a $1 billion loan to combat a steep drop in business fidelity and black rock among those. and the ceo of glaxosmithkline speak out about plans to work with sanofi and the hopes to produce a vaccine. >> they are going to contribute their antigen. we'll contribute the booster in the h 1 n 1, we needed four times less antigen so you could protect more people at scale faster >> that type of development typically takes 10 years a number of companies are trying to produce that in 12 to 18 months >>> turning now to the airline industry and several u.s. carriers reaching an agreement you request see the airlines are surging. what exactly does this bailout package mean what is the cost and what will airlines have to give up there is certainty now in the form that payroll is set for the next several months. >> what happens in the industry? it is a little less than what people were expecting. >> in terms of what the equity investor is looking at, that stock is move pg pre-market. 70% of that $25 billion will be direct cash

airbnb is said to have discussed convertible note issuance with investors.of goes to the broader point, how many more of these startups, these disruptors really need to consider their business models? with the new normal on the other end of this. dan: i think it is the tip of the iceberg. what we are seeing, just in terms of overall big economy, you look at airbnb, this is something where the business model changes for a lot of these. i think you will see a lot more consolidation, valuations change , and ultimately there will be a few winners and a lot of losers. no doubt the business models have really changed upside down in terms of what we have seen with the corona pandemic. dan, i want to throw up this chart if we can, which talks about make a cat tech a-cap tech stocks per historically in this bear slowest toy were the fall below their 200 day moving average, and a quick list to recover. in terms of havens within tech, would you be sticking with the bigger names at this point? dan: that has been our strategy, along with some areas and cloud and cybersec

airbnb says the money will help it invest over the long-term.en slated to list this year but the crisis put those plans on hold. carnival jumped on news saudi arabia has taken a stake. the kingdom's public investment fund a court -- acquired is to break percent of the company. the fund is getting a bargain bin price for carnival. the stock is down more than 80% this year as the cruise industry tackles the threat from coronavirus. zoom is embarking on to reassureour users he is working on security and privacy issues. zoom has seen a 20 fold increase to around 200 million users since the start of the year as people connect from self-isolation. the app has been hijacked by internet trolls, leaving credit suisse to forecast its success will be short-lived. ofry: a quick check currencies trading around asia, the japanese yen right now moving around against the u.s. dollar, or gaining against the u.s. dollar, after weakening through the rest of this week. we are seeing economic data out of japan beating estimates. the offshore yuan holding steady at t

airbnb is offering refunds too.f you can't get your money back from the rental, try to speak with the host first and look for common ground to see if you can maybe work out a compromise. if that fails, as we have seen here, you can go back to the booking company to see e what they are going to do. let them know you tried and ask them to give you a credit for a future travel, elsewhere, ideally. as a last resort, see if your credit card company will open up a dispute to challenge charges that way. we are taking coronavirus questioning and complaints an at nbc bay area.com. you can go to the main area and quick respond and give us a call. 888-996-tips. i will be back at 7:00. we will talk about one step that people need to take if they are unable to make their rent on april 1st. we will see you. >> thank you, chris. >>> we are following the jack dorsey, the funder of twitter, is pledging to donate nearly one third of his wealth. he says once it's disarmed, they will focus on health and education. several other tech le

i want to move on to a capital firm that is backed up biggest names from facebook to airbnb, to spacexearlier today, i sat down with the partner who is well known for his contrarian views and asked him on how this pandemic is going to hit the economy, the tech economy more broadly. take a listen. measuring closer to years and quarters. it may not be cheaper, but it is pronounced. there are a lot of layoffs. i think impacts will be very, very long. emily: several years? keith: i think the impact could be extreme the loan. for example, post 9/11, the travel industry in the united states, we had a peak. it took until may 2004 for travel to rebound back to its peak. that was almost three years. emily: you are a noted contrarian. we had been speaking to investors looking to lay off folks. what is your advice for portfolio companies they may be contemplating this? keith: i don't think there was a one size fits all. companies have different balance sheets. delivery companies are growing, but most companies are impacted in a negative way. the general advice is to control your own destiny, mean

shery: i mentioned earlier airbnb raising $1 billion in funds.y were one of the companies looking at the flexibility of direct listings. what happens now that the market is so uncertain? are direct listings even a possibility at this point? kathleen: we have been a skeptic of that approach, even before this crisis. now, companies will take a more tried and true method of going public, which is through an underwritten ipo. the direct listings, the issue there is, they are meant to get the highest price and have the most insiders able to sell without a lockup. that does not work for investors. what will happen in this new ipo market, investors will clearly be in a driver's seat when it comes to how they will participate and at what price. i would think the direct listing to be off the table for a while. shery: how much does this have to do with different regions? we have seen first quarter listings in europe slumping the most since 2009, and yet, in china, some local companies might be considering domestic listings. we heard from jd.com, perhaps an