. >>> could the renters put the place you own on airbnb? we investigate a legal loophole that could be leaving home owners vulnerable. >>> and inspired to paint. people are taking notice, too. we're going to introduce you to a south bay teen and his latest work of art which he hopes will catch the eye of vice president-elect kamala harris. >>> i'm chief meteorologist jeff ranieri. i'm tracking a system that will bring us the chance of some drizzle tomorrow and some colder mornings. i'll give you all the details in about 6 minutes. >>> this has turned out to be such a nightmare. >> a fremont family risks losing their home they say after renting it out only to find out their tenants were gone and there were strangers living there through airbnb. investigative reporter candice wynn looked into the bizarre circumstances that critics say reveal a loophole in airbnb's policy. a policy that can leave small landlords vulnerable. >> you got to lower your voice. >> reporter: it's a homeowner tenant. >> i i don't even know their name. >> reporter: air

after all, airbnb is a platform. they have come under fire in the past for some perceived discriminate torre effects on it i wonder, how far does this go in terms of lit limiting that or debating that liability shield and could it affect companies beyond the social media platforms that we're looking at right now? >> it absolutely not only could but will it's like the general privacy rules that came in place the california attorney general put the impact on business and at $91 illion. by what a state legislature did. but the companies that got hurt to the point i'm going to hit again and again is the small companies that are responsible with job growth and creating it. so the unintended consequences of regulation often results in a very bad outcome so i would encourage people to work with business and government, high-tech very closely with government. not with a stiff arm, but say how do we address the very legitimate needs of government how do we realize it's important to make money? and represent our shareholders b

airbnb could file as soon as this week.ted to go public sometime in december the global rental lodging site currently valued at around $18 billion. with us now, the head of research at manhattan venture partners an early investor in airbnb. it is good to have you my understanding there was some urgency on airbnb's part related to employee stock options expiring in order to get this out the door is there another explanation that would tell you why it needs to be done before year en. other than that, i think the company was ready. they wanted to do it lost year it got pushed out for one reason or the other that's definitely one of the big runs, the internal operational reason more than that, i think the company is ready at this point the setup is right yes, conditions are kind of just picking up but the vaccine on the way, election out of the way, and the company just picking up, a lot of data to support the fact there are a lot of green chutes, lot of the way we are vacationing now, staying longer, going the remote areas, an

commodored -- airbnb, doordash and more., we break down the numbers. this is bloomberg. ♪ ♪ emily: -- >> despite the many challenges and hardships, i am proud to say we have been steadfast in effectively managing our business is under enormously difficult circumstances. duringn't persevered these tough times, we have taken a number of deliberate steps and smart risks that have positioned our company for greater long-term growth. mily: disney ceo bob chapek on the earnings call, the company beating expectations, reporting 73 .7 million subscribers on disney plus partner also reporting losses, disneyland to remain closed until the end of the year and along with movie theaters in disney world, operating at only 35% capacity. we will monitor headlines and bring you updates. meantime, palantir issuing its first financial support thursday since going public, beating estimates. the company expects sales growth to slow next year. stocks fell after hours. since starting in 2003, palantir has operated with little attention to profits

i want to the airbnb filing.his is releasing financial results and previously confidential information on its operation. this listing is had to be one of the biggest of the year, capping an ipo surge. more, i want to bring in crystal. pull up some of the highlights you are seeing so far. crystal: as expected, we are seeing a bit of a third quarter rebound. notably, the revenue took a hit. this is the top line, airbnb. net loss has narrowed in the same time. they are going through it, it hit about 20 minutes ago. emily: let's talk some of the risk factors. airbnb says we may not be able to achieve profitability. that is not unusual in attack of any. it also says the revenue growth rate may continue to slow in the future. iny will see greater decline experiences year-over-year and that covid will continue to adversely affect the business. obviously, airbnb has bounced back. there has continued to be a risk factor. even though there has been news about a vaccine, a vaccine has not been here yet. what do investors ne

everything is still going according to plan for airbnb.pect them to go public by the end of the year. we will see their filing next week. the thing about the long-term stock exchange is they are considering doing that in tandem with the nasdaq. the nasdaq is going to be the main exchange. lists onsible, though, the long-term stock exchange, which is a startup that hasn't really been having companies go public on his exchange yet, but it is a venture-backed startup that is hoping to work with companies that do good for society. they are working with airbnb to see if it could list some shares there. emily: it will certainly be an interesting and dramatic development if that happens. thee also following news that instacart has topped goldman sachs for its ipo. doordash, wish, affirm, what stages are they at? katie: doordash, wish, and affirm, we expect all to go public before the end of the year. we expect all those filings to come out within the next week or two and then the ipos to debut between thanksgiving and christmas. instacart's ipo c

i say airbnb much more so than doordash we'll see how those trends continue but i do think airbnb really changed its business in response to the pandemic and then very well positioned coming out of the pandemic as hotel companies really are going to struggle for a long time. and they can shift as you have seen in this pandemic. they're taking the money they can. there is eye little spac influence. why not get as much money as possible and not leave it on the table for investors? i think that is the right way to go so why not just price it at a very high rate they're trying to avoid that pop, i guess it is nonsense for companies to do that. it's not good for the companies or employees or shareholders themselves >> yeah. you talk about a little bit of spac influence sort of raises some eyebrows especially this morning in light of what nikola shares are doing. how much of that is a liability in the short to medium term? >> i think it depends on the fundamental business it's a question of whether they should be going public and the market is just speaking about what they think things are wor

airbnb filing for its ipo.have seen tech and these growth stocks really come off the boil over the last couple of months. of vaccinehe sort reflation, does this mean that at some point we go back to precrisis trend growth, at which point the low growth tech rally resumes again as people pile in -- pile in for their secular characteristics. naufal: a 50/50 split with harris being the tiebreak, even in that say ariel -- in that scenario you have centrist store conservative democrats have any kind of swing vote. platform heeconomic released today was constructive in terms of what we can do on the fiscal front. limitation, it can be difficult. 2016, everyone kind of had their hopes on a huge, durable, cyclical rotation. i think this will persist just like it did on the backs of the election in 2016. but unless it is reflected in a regime shift, then most likely in the long end of the bond market, it will probably have to back to the status quo. is if wed change that saw the cat is already out of the bag in terms of

they wanted to see other people without hybrids or they were making hybrids on airbnb. they were trying to create a different kind of communities of people believe that these platforms would create a person-to-person economy that would substantially different from what they thought the dehumanizing, impersonal corporate economy. so whether it was the economic benefits, social or environmental, there were a lot of true believers in these early days across the whole range of sharing economy, sharing economy apps. >> we have an interesting question that dovetails into one of myquestions . so in our last chapter you talk about how scholars really think about where we go from here. there's either a platform capitalists way where we sort of enshrined their model and live with it. there's the state revelation way and then there is the democratic sharing way. the true cooperative way and in some ways we're kind of in all of these spaces at the same time right now. i think we are in a particular moment where things are shifting. and so john marshall asks you whether you could co

just this week, airbnb filed to go public on the nasdaq.he company might also list shares in 2021 on its upstart trading venue for companies committed to environmental, social, and corporate governance values. in addition to the traditional ipo, airbnb is weighing a listing on a long-term stock exchange founded by the lean startup author, erik reese. thank you for joining us. this would be huge. i know the conversations are confidential, but what can you tell us about the likelihood of airbnb doing this with you? >> i can't speak to which companies will list, but the conversations are comfort -- the confidence -- the conversations are confidential. i cannot say anything about that. it were to said, if happen with airbnb or a company of similar size, what kind of legitimizing force would that have on something you have been working on for a long time, and waiting for a company to make this move? >> i have been working on this for the better part of a decade, and we are excited we were able to begin trading operations on september 9. that wil

airbnb has filed to go public on the nasdaq.e will look at the company's journey to the market next. this is bloomberg. ♪ emily: airbnb has filed for its ipo even as it outlines widening losses and pledging -- plunging revenue amidst a pandemic. but, when the economy does recover, the airbnb listing is set to be one of the biggest of the year. sources tell bloomberg the company plans to raise as much as $3 billion. we are joined by kathleen smith, the cofounder of renaissance capital. we have all been wondering what airbnb's numbers look like. now we have a glimpse into their financials and how hard a hit they took in the pandemic. what are your takeaways now that you have seen the numbers? >> the company does not look as bad as we might have expected. this company has been able to grow 30% per year and produce positive cash flow because bookings are paid upfront. the company has had a pretty good financial picture historically. bennett -- then it took the big hit this year. in the september quarter, we saw a drop of 70%. 70% in

, task rabbit, touring which is airbnb four cars. uber and lyft of course and we ended with a platform cooperative founded by the workers . i'm still working on these issues. came for almost 10 years. still working on these issues with a group of colleagues and also some phd students that were looking at instant heart, and a number of delivery so we can talk about what happened since the book came out . and if you are here, let us know. so things haven't turned out as expected and the title of the book ishow the sharing economy hijacked . and i guess the question that i want to address is why, what happened? so let's just say a word about the nonprofits and i want to talk too much about them today, happy to go into it in theq&a . and i think the nonprofits we started are the boston area , the boston area audience got interested in these. we can go into detail area we studied a maker space, a food slot and a time back in this rural house and i have to sort of talk about what happened with the nonprofits which would be the term failure

filed to, airbnb has go public on the nasdaq.will look at the company's journey to the market next. this is bloomberg. ♪ has filed for its ipo even as it outlines widening dropping revenue amidst a pandemic. but, when the economy does recover, the airbnb listing is set to be one of the biggest of the year. we are joined by kathleen smith, the cofounder of renaissance capital. we have all been wondering what airbnb's numbers look like. now we have a glimpse into their financials and how hard he hit they took during the pandemic. what are your takeaways now that you have seen the numbers? >> this company has been able to and produce year positive cash flow because bookings are paid upfront. the company has had a pretty good financial picture historically. then they took the big hit this year. in the september quarter, we saw a drop of 70%. 70% in revenue. so, the company was really hit hard by the shutdown. but, it is starting to recover. they cut 25% of their workforce and significant he cut their marketing spend. i think it may b

i want to get to airbnb's filing.he company disclosing details of its initial public offering plans for the first time, releasing financial results and previously confidential information on its operations. in ipo search that has largely defied the economic devastation inflicted by the pandemic. i want to bring in crystal, who has been running through what has just crossed. highlightse of the of what you have seen so far. crystal: as expected, we are seeing a bit more of a third quarter rebound. the revenue took a hit from the stomach for the nine months ending in september. it is down 32% year-over-year. that is topline. narrowed inever has the same period. a 350 page filing, it so about 20 minutes ago, there will be more to come. emily: let's talk about some of the risk factors. airbnb saying they may not be able to achieve profitability. that is not usual to read in an s-1 filing for a tech company. they are going to see greater decline in experiences year-over-year, and that covid will continue to adversely affect

fox's cristina coston almost reports from an airbnb with how they pack airbnb's to be sure they stayockdown started and if you're like me, you are itching to travel to the big question is do you stay at a hotel or do you stay at an airbnb like this one in new jersey? we know that hotels are changing cleaning protocols with stickers on doors. the cdc released a report, stating, hotels are actually riskier than vacation rentals like airbnb's. and hasn't stopped people from wanting to travel. according to trip advisor, 56% of americans still plan to trap a book for thanks giving. what is going on with airbnb though? we spoke with a host at this location with cleaning protocols have changed. >> we make sure we have new paper towel rolls every time a guest comes in, new tissue boxes and we also make sure that we have alcohol sanitizers and hand wipes. most recently, we added an exhaust vent in the kitchen, just make sure that we can get out any stifled air. the windows are constantly open. we are cleaning screens. >> reporter: airbnb, planning to open next week said, roughly 60% of americ

future of travel we'll speak with the ceo of trip advisers about their big bent on rentals as rival airbnbets ready to go public the ugly side of multi-class share structures it's all coming up here but first here's dom chu with the market this hour hi, dom. >> a little bit of dip buying today because at the lows of the session early on just around 10:00 a.m. eastern time the dow jones industrial average was down roughly 430 points. at the highs, that was just within the last hour, we were down roughly 102 there, so towards the higher end of the range so far, still a down day with the nasdaq outperforming today, flat on the day as well, but still a little bit of the dip buying in midday we'll see if that carries over in the afternoon trade speaking of the future of travel, the best performing stocks in the s&p 500 have to do with the most beaten up stocks during the covid pandemic. think about travel and office space and think about what's happening with retail. sl green, big office space, up of.5% and norwegian cruise lines up 5.5% and ralph lauren up 5%, beating up retail, beating up tra

airbnb is set to possibly ipo next week, not this week. of americans are actually booking locations that are close to home. it is all about domestic travel. what is not popular on that list, new york city. according to trip advisor again the five least popular cities new york, l.a., new orleans, they're just not what everybody wants right now because of the metropolitanness. you see over here i'm chilling, enjoying life at the airbnb. back to you. connell: trying to make it work like everybody else. thank you, kristina partsinevelos. as we target the covid hot spots meantime this new studies we mentioned earlier was published in journal nature. it says gyms, restaurants, can be virus hotbeds and provides strategies to limit the spread and perhaps a reason for businesses not to shut down entirely. one of the coauthors joins us from sanford university computer science professor. we thank you for coming on. i mentioned up top, i will ask you about that in a moment, some business groups saying you dent have the right data set, questioning the

. >> all right >>> when we return, airbnb books its trip to wall street. >>> and the electrifying editions&p 500 steve sedgwick will break down the big move for tesla next. nowa different philosophy. quickbooks helps me get paid, manage cash flow, and run payroll. and now i'm back on top... with koala kai. hey! more mercy. save over 30 hours a month with intuit quickbooks. the easy way to a happier business. super emma just about sleeps in her cape. but when we realized she was battling sensitive skin, we switched to tide pods free & gentle. it's gentle on her skin, and dermatologist recommended. tide free & gentle. safe for skin with psoriasis and eczema. new aveeno® restorative skin therapy. with our highest concentration of prebiotic oat intensely moisturizes over time to improve skin's resilience. aveeno® healthy. it's our nature™. every time you touch a surface, bacteria is left behind. to improve skin's resilience. now, consider how many times your family touches the surfaces in your home in 24 hours. try microban 24. spray on hard surfaces to kill 99.9% of viruses and bacteria init

no on prop 15. >>> now at 11:00, a somber night in orinda one year after an airbnb house party turned deadly. pictures, house, and teddy bears made a memorial to honor the five people killed last halloween. airbnb has vowed to ban party houses making changes this year and not allowing one night rentals this week. the shooting remains unsolved. several people were arrested but they were released because of a lack of evidence. the city of orinda also changed short term rental rules requiring that the hosts be present on the property. >>> new at 11:00, a 13-year-old is behind bars after an armed carjacking yesterday in antioch. these pictures show the moments after the driver was forcibly stopped and finally caught after leading police on a highway chase. it took multiple police cars to pin the driver down. the car was stolen in oakland and it made its way over to antioch, no one was hurt. and there was only minor damage on the stolen car. >>> the world is saying good- bye to its most famous secret agent. sean connery has died at the age of 90 after a stellar career. the scottish actor d

those sharing initiatives with the nonprofitsnd then we turned our attention to the for profit like airbnb which is airb for cars and delivery ptforms. and to and with a platform cooperative. still working on these issues that was almost ten years and also phd students and insta cart and delivery apps. and let us know in the q&a. >> and the subtitle of the book when the economy got hijacked and the question that want to address is what happened? i want to say for the nonprofi. and an interesting story. and then we can go into detail. following the maker space and the time bank in this loca. so the easiest way to talk about what happened would be the term failure to thrive. one of them failed one thrives in some ways and not in others and with those dynamics with the admissions may hold important lessons such a parcels and i can. and they comprise ma more people to get more attention. so so pretty much in the early days things were pretty good on these platforms. so making a full-time living on these platforms ways hard even in the earldays. that was true for a couple of reasons. so in e ve

. >>> this afternoon airbnb filed its initial public offering. the san francisco company is now on track to go public next month. airbnb was hit hard by the pandemic and announced plans to lay off a quarter of its staff but it enjoyed a rebound due to an increase in rentals in rural areas. analysts expect the ipo to raise around $3 billion, valuing airbnb at $30 billion. >>> two bay area tech ceos have some explaining to do on capitol hill tomorrow. mark zuckerberg and twitter's jack dorsey are scheduled to defend their handling of disinformation in the 2020 presidential election. twitter and facebook both slapped a misinformation label on some content from president trump, most notably his assertions linking voting by mail to fraud. >>> twitter is getting a new employee who has quite a reputation. today the company named peter zatco to the new position of head of security. this is at capitol hill in 19 89. he's considered one of the first people from the hacker community to build relationships with the government. he's worked for the federal gov

>> you're right, airbnb has thrived during the pandemic. it has allowed to see a surge in bookings over the past quarters based on the data they have provided and that is also reflected in the earnings reports from expedia and booking holdings so that is a bright spot so far this pandemic. the question now, whether it holds. >> yeah, by the way, we almost hit a million passengers going through tsa checkpoints the other day, 973,000 we hit it one time, we're kind of creeping back up. seema mody, thank you very much. >>> now to president-elect joe biden. he continues to try to form formulate his incoming administration's policies, taxes both personal and corporate have been a big focus but part of the plan's success now things to a point on two runoff senate races in georgia for more, we're learneded joine. a lot of our viewers, they are wondering what is the new corporate tax structure going to look like a year or two years from now when you look into your crystal ball >> well, i'm gldelighted to be here with you. and what i see is possibly

airbnb and door dash are pointing to hire than expected valuations.nb is targeting a range of $30 to $33 billion when it kicks off investor road show tomorrow. doordash plans a range of $25 to $28 billion. both are expected to go public before the end of the year. japanese media are reporting that organizers of the tokyo games say postponement will cost almost $2 billion. the games were postponed in march as the pandemic spread. the costs include staff payments as well as introduction to new systems to refund tickets. the committee said it would contribute about $650 million to cover some of those costs. the games are now set to open in july. not even the pandemic could stop some cave men from taking over the box office. >> we are the betterman's. >> better man? >> emphasis on the better. >> the animated sequel did better than expected taking in $14.2 million. it did do well for a pandemic smash, not doing so well compared to other movie openings. it has been so long since i have gone to see a movie in the theater. i am enjoying this stay-at-home movi

airbnb filed for ipo yesterday. those kind of companies, solid profitability estimated.ith the path back to profitability for these companies, i do think there is some value in some of those beaten down stocks at this point. francine: the big news yesterday, and i know a lot of people were tweeting about it, looking at exactly what it from, tesla on the s&p december 21. how did you react to that? patrick: it's not a surprise. the timing, you never know when it's going to come. the math is staggering on tesla. if there is 11 trillion dollars tracking the s&p 500 and tesla's market cap of about 80% will make tesla the seventh biggest holding in the s&p 500. that will put at about a 1.2% weight. that will mean $130 billion of passive money. you also have active money that is benchmarked against the s&p. from december 21, you will have a risk for not owning tesla. put that on top of the big short position on tesla, you can see really strong demand that is just structural now for the next three or four weeks. it's not a surprise that it's entering the index. the timing yester

shery: we have more on the airbnb ahead.e have the details of its highly anticipated ipo. , plus, closely guarded financial details. for the first time, a look at the numbers later. we talk markets with invesco chief global market strategist christina cooper. that is coming up. this is bloomberg. ♪ shery: investors energized by the recent batch of positive vaccine news. our next guest warns this will not be the last pandemic to invest accordingly. kristina hooper is chief market strategist at invesco, with more than $1 trillion in assets under management. great to have you with us. how much more appealing have these asian emerging markets become given how well they have handled the pandemic? kristina: i think they've become that much more appealing. certainly, we expect other forces to drive the attractiveness of e.m. asia, including a weaker u.s. dollar. quite frankly, what many asian countries have been able to do when terms of managing this very serious virus is very impressive. and suggest the ability to do that in futur

airbnb has taken another step towards going public.aperworks for its ipo, which means that investors can now start buying shares of airbnb. but the company's listing on the nasdaq is not expected until a later date. its business has been hit hard by the pandemic. but it's still one of the most anticipated stock market debuts in recent years. the chinese telecom titan huawei is offloading its budget smartphone brand honor to save it from american sanctions. let's go to our asia business hub and mariko 0i who is following the story. as we all know, huawei has really been caught in that us—china trade war, because washington says that the company is a national security threat, which huawei has repeatedly denied, but the us government sanctions have now restricted supplies to huawei by making foreign semiconductor companies to get a permit before selling any chips to the chinese tech giants though because of the sanctions huawei has been struggling to buy technical components needed for their smart phone business. the honour brand that has

airbnb and door dash are expected to kick off ipos in the next week.y are going to sell the stories and valueto investors. today door dash unveiling a $200 million main street pledge over five years to support merchants, dashers and local communities and includes rewards program pulled by the grants and accelerator program. now airbnb announced the host endowment with about nine mullon of the start-up shares to backup and host communities when it treechs a billion dollars in value. this morning even the company says that the ceo brian chesky will donate $10 million to profits that supports front line workers responding to covid-19 they have grown into multibillion dollar unicorns but when they go public, it will be the executives and early corporate employees that see the greatest financial wind fall now so ahead of that, it makes sense for air bnb and door dash to show communities they have not lost sight of them investors may be encouraged, too. two other unicorn that's went public last year, uber and lyft, spent their lives as public companies in hi

airbnb is planning to raise as much as $3 billion in its debut on the nasdaq.na's -- is to a u.s. appeals court over the tiktok video sharing app. hastrump administration cited national security grounds. bytedance is seeking an extension. equities, not bonds, currencies, and commodities. it is not doing all that much. in the u.s., futures green. 2.18.utures up i have a final quote on a static 10 year yield. -- 19753 -- .90 753. is on thethe focus rotation, on some of the other things we are watching, including this hong kong opposition, actually quitting en asse to protest the new china powers. tweeting about having an impact here in europe, you can see they are still getting 0.5%, and this is really some of the shares including utilities. theill have plenty more on markets, plenty more on the economy and covid. up next, christian keller, head of barclays economics research. this is bloomberg. ♪ >> we are beginning transition. we are well underway. for theity administration anyway by failure to recognize our win does not change the dynamic at all. that is u.s.

none more than airbnb. but the vacation rental marketplace bouncing back and has finally filed for an ipo after all these years. but what does that filing reveal? and kodiak cakes. have you had those pancakes? the ceo joel clark shares how he bo bootstrapped his company starting at age 8 dragging his mom's pancake recipe in his little red wagon door to door to building a multi-million dollar pancake powerhouse. boy, did it take a long time. i want you to listen to my latest podcast episode of everyone talks to liz. how he found sweet success on spotify, apple, wherever you get your podcasts. slow and steady won him the race. >>> closing bell ringing in 18 minutes. the dow is falling a little deeper, now 205 points down. we'll be right back. when i was in high school, this was the theater i came to quite often. the support we've had over the last few months has been amazing. it's not just a work environment. everyone here is family. if you are ready to open your heart and your home, check us out. we thought

airbnb is coming that's not a joke.h for is when wall street starts dumping massive supply on the markets, when private equity starts doing all their ipos and getting liquid but we're not really there yet there are some amazing companies coming public with earnings or pathway to earnings, and we're not drowning in ipo supply spacs, which are just piles of cash that's what i would be looking for as my sign for when the euphoria is coming to an end when there's just too much supply and everyone ends up choking on it. i don't think we're seeing it yet. >> peter, to your point that you feel that retail investors are driving things and that might suggest we're near the top, is there hard evidence of that? what do you say to the flip side that central banks are driving things and there's enormous liquidity and a lot of institutional investors are also responding to that >> yeah. all fair points. i think there is evidence, when you look at flow data, that retail investors are a much larger percentage of market flows now than t

airbnb is planning to raise as much as $3 billion on its debut on the nasdaq. global news 24 hours a day, on-air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ pres.-elect biden: vice president-elect harris and i, will do everything to ease the burden of health care on you and your family. i promise you that. i said i will protect your health care like i protect my own family. jonathan: president-elect joe biden there. alongside tom keene, i am jonathan ferro. lisa abramowicz is out today. we will talk politics and work through these markets. equal weight s&p on monday was phenomenal. small caps surging, nasdaq rolling off. s&p up 29 today, .8% up. updaq slip speculative bit, 154, advancing 1.3%. fx market, a dovish tone from christine lagarde. for the bondding market, italian 10-year yields lower, german 10-year gilts still lower. 51 basis negative. tom: equity market up .8%. nasdaq almost normal today, up 1.3%. we will see if that can sustain through the day

airbnb, do you like it?cials and balance sheet but as a macro trend i'm driving for my next few vacations with my family and it's an easy convenience and the young millennial generation is more familiar with airbnb and the loving the experience, i'm really bullish on airbnb. stuart: really bullish on airbnb. thank you for joining us, we appreciate it always. >> happy thanksgiving. stuart: if you're not careful i will come on the road with you, you would not want that. [laughter] susan: interjecting. stuart: a fine introduction. you're on your own. show me astrazeneca. new data shows oxford virus vaccine is up to 90% effective in 200 million doses available in the next six weeks, it is still pending fda approval. the stock is down 3% but the good news on the vaccine and other vaccine makers as you can see on your screen, that has lifted the overall market, good news on the vaccines for the third consecutive monday and we have a rally for the third consecutive monday. vaccine hopes, bad news for some of the st

airbnb, some big valuations. it's monday, november 30th "squawk box" begins right now. ♪ >>> good morning, and welcome to "squawk box" right here on cnbc. i'm andrew ross sorkin along with joe kernen, who is back from a much-deserved vacation and melissa lee. happy thanksgiving, everybody. becky is off today as joe mentioned, let's show you u.s. equity futures at this hour and where things stand right now. looks like we're going to open down right now the dow off about 153 points nasdaq looking to open up marginally higher, seven points higher and the s&p 500 off about 12 point should mention today is the last day of trading for november. here is how the major averages stand as of right now. the s&p up 11% the dow up nearly 13% on pace for its best month since january of 1987. the nasdaq up about 12%. check out the small caps because the russell 2,000 is up almost 21% in november alone. that's the stock world but, melissa, our other favorite topic, bitcoin that's been moving a lot, too. >> maybe joe's favorite to

airbnb doing a huge about-face after a march and april slump when people were staying home and ulf aneeded to break free and rented holmes, getting away to places that were within driving distance row blocks, online game that caters towards a younger generation saw big benefits from people staying home and playing games, especially children who weren't able to socialize with their friends. >> that continues to be the key question, the bumpups as a result of the pandemic, are they sustainable? it is going to be interesting to watch door dash. i continue to wonder about consolidation giving how many they charge restaurants and yet they are still not consistently profitable we will be keeping a track of a lot of them as they come to the market. >>> coming up we will have qvc's holiday shopping policy. we will have curate's ceo mike george ♪ ♪ i got it all from you ♪ i'm always pushing through ♪ i know we'll make it to the finish line ♪ ♪ i know you're waiting on the other side ♪ ♪ i'm like you on-demand glucose monitoring. because they're always on. another life-changing technology from

airbnb is targeting a range of $30 billion to $33 billion.ash plans to $5 billion to $28 billion. both companies are looking to go public by the end of the year. -- as of clean energy clean energy trucking company collapsed today. instead, there is a new nonbinding agreement to buy hydrogen fuel technology. gm will not be seeking and -- an equity stake in nikola. that is your bloomberg business flash. time now for the start of the hour. what is shaping up to be the largest deal in the u.s. this year, s&p global buying ihs deal., a $43 billion abigail doolittle is here with the details. abigail: it really is certainly a large deal in a hot space. both of those stocks trading higher. one reason we know that the data in the information space is such a popular space, at least for investors, and based on revenue, you're over the last five years, we see ihs market and s&p global up about 275% over the last five years relative to the s&p 500, about 75%. that is the valuation and the premium that investors are putting on the data companies. as for wh

stay here, airbnb making its pitch to go public even as the travel sector continues to suffer amid the pandemic >>> and buffett's big buys, the sto stocks he says are ready to rally. it is tuesday, november 17th, and this is "worldwide exchange." ♪ good morning, good afternoon or good evening from wherever in the world you might be watching. i'm brian sullivan thanks for joining us. here is your markets and money on a tesla tuesday as we'll call it futures are mixed to flat. dow lower, nasdaq futures are higher neither are moving very much but another big monday for your money, more new records and a new vaccine candidate of course. the dow coming off its first record close since pre-pandemic levels in early february the index now just 50 points away from 30,000 something certainly a number to watch. small caps continue though to be the star the s&p small cap 600 up another 3% yesterday if you are not paying attention to small caps, you should. let's also take a look at oil, it has been running and running higher up 15% this month. you've got an opec technical committee meeting today,

the 10,000 square foot home is listed on airbnb for $6,000 a a night.edrooms and a pool, ama, you can watch the current season of the bachelorette here on abc 7 on tuesdays. six grand a night is a little deep. >> i'm out. how much does it cost to hang out by the pool. i might be in for 100% beef and hearty chili. try my $5.99 chili cheeseburger combo. it's pretty delicious. try my $5.99 chili cheeseburger combo. ♪ do you recall, not long ago ♪ we would walk on the sidewalk ♪ ♪ all around the wind blows ♪ we would only hold on to let go ♪ ♪ blow a kiss into the sun ♪ we need someone to lean on ♪ blow a kiss into the sun ♪ all we needed somebody to lean on ♪ ♪ ♪ the volvo xc90 recharge plug-in hybrid. ♪ ♪ of floor and decor's newest locationng in the east bay area!ipd with safe distancing guides, so you can browse our wide aisles and be amaze othwi ur or easily order online, and pick up all the products you need for your flooring project curbside! so come discover the perfect floor at the perfect price in whatever way is perfect for you. floor and decor,

airbnb set to ipo next week. are booking homes closer to their home, which means that it will be all about domestic travel. right now according to trip advisor, the most popular state to book right now is arizona. so the important thing though if you're watching one, need a little bit of buffer time, two, possibly get cancellation insurance because there are so many spikes in covid cases. for example, vermont has asked anybody coming out-of-state to quarantine. you have all the different rules. the important thing is to stay safe. for me to get back to the game i'm playing which is super mario brothers. neil? neil: you don't strike me, don't strike me as a game person, kristina. i can see reading a book. reporter: clearly not. i put it all the way over there. neil: i will play along. kristina. that was great. go ahead. reporter: see i'm jumping. took me, to ask the child upstairs to teach me. i forget how to play. don't tell anyone. neil: you need to talk to a teenager. i will send my boys over to you. kristina.

door dash and airbnb hiting the road on their way to the street. food delivery giants and online vacation rental marketplace both launching their road shows this week. that of course is the big step before going public. airbnb's ipo coming as its bookings rebound from pretty ugly pandemic lows. the "wall street journal" reports the travel startup is seeking a valuation of $30 billion to $33 billion in its market debut. as for door dash, it's setting its sights on a potential $28 billion valuation with a $75 to $85 price range. its sales surged 226% year over year to about $1.9 billion. of course, covid-19 lockdowns literally igniting demand for food deliveries. door dash, people can't live without it right now. >>> the lame duck president getting his ducks in a row at this hour, issuing final executive orders and pardons in his remaining weeks in office but could one of president trump's biggest targets still be in his crosshairs? to charlie gasparino and the next step for tiktok. charlie? charlie: you know, people are doing a lot of tea leaf readi

airbnb vowed to ban party houses and they are not allowing one night home rentals during this weekend. that shooting remains unsolved and a few people were arrested but were released because of a lack of evidence. >>> and oakland fire damage this building this morning a little before 9 at 30th and broadway. oakland fire department posting these photos on twitter of the building completely burn. crews were able to put out the flames read the building has been red tagged so no injuries reported and the cause is under investigation. >>> still ahead, the deadline looms for students, staff and faculty of uc campuses, but they've got to get done by tomorrow. >> we have tested close to 900 people at this point. we've had five positives. >>> i covid-19 testing site pops up in one east bay community. the mysterious trend that health experts are seeing. >>> a suspect goes on a wild adventure and steals a u-haul. the bizarre place she got stuck.>> i've been doing this for 25 years and i've never done this. >>> in the forecast, we are like 10 degrees above average for this time of the year. we've

airbnb set to launch its road show tomorrow with valuation expected around 30 beiillion to3 billion.>> the health of pension funds. survey looked at 158 plans across 17 countries managing a total of $2 trillion in assets the report found 9 out of 10 pounds participating among the reasons sited, the financial effects of the pandemic and ultra low interest rates. seema, back over to you. >> very interesting there. frank, thank you. >>> back to the markets we go. the dow trying to cap off its best month since 1987. our next guest says the rotation from momentum to value well it should keep playing out. joining me now is ceo and cnbc contributor. jeff, good morning tell us why you think this pivot from technology to more cyclical sectors will continue to play out. >> good morning, seema yes, we continue to see the rotation you brought up the small kaps and what a phenomenal month they had. look at some of the names like boeing or berkshire hathaway you see names like that that have really been laggards. i know the bigger narrative has always been growth to value. but you are seeing a rot

maybe he needs to extend the presidential airbnb for a few more weeks. think at this point they are sick of him and want him to go. >> i'll say the constitution's transfer of power clause, neal, as we know is much stricter than airbnb where sometimes you can get a mutual renewal, as long as you keep in touch with your host. the last item for neal with a minute left, i wanted to give you the chance to explain to folks, why is it that those piecemeal attacks on certification would not change where we're headed? >> you said, ari, there is no path and that's exactly right. i mean, i was a lawyer on bush versus gore and the thing there it was one state and 537 votes. this is multiple, multiple states that trump has to win and he has to return tens of thousands of votes. in the 537. biden won too much in too many different states. he's won one itty bitty case that doesn't matter and he lost 27. that will continue. this is no surprise to even donald trump. remember, trump rushed through a justice barrett onto the supreme court because he knew he would lose. tha

>> yes airbnb yeah >> airbnb has benefitted from this it didn't appear that would be the case initially. >> and they're going to come public and you want a piece of that. >> yeah, start a road show very soon. >> that will be the best deal between new and year end, i think. because airbnb was supposed to -- in march, people are thinking air -- they did the big layoffs. >> it looked like the value of the company was inpaired nobody was going anywhere. but then people want to stay somewhere they have full control over and not share >> people hate elevators there is a pathological fear of elevators. and until every -- what are you laughing about >> it is a funny line. >> a fear of elevators. >> i flew in from l.a. and my arms are tired otis is doing -- >> what do you mean, take your wife, your wife is going to florida anyway. >> she doesn't want the infection. i know florida has a ton of it where it is warmer, there is a sense that you can go outside more a lot of people are barbecuing i had clorox on recently kingsford fall it is getting chilly and it is nasty out and i just think that wha

. >>> move over, airbnb and door dash. paypal riding his firm up to the ipo gait after a 93% revenue surge in its latest fiscal year fueled by pandemic driven demand for loans. >>> we will soon know whether it's the jockey or the horse that really wins the startup race. gwyneth paltrow's goop creating a lot of buzz. we have the venture capitalist powerhouse backing this beauty. with the closing bell ringing in 49 minutes and the dow up 10 points, hey, green is green, folks. s&p is up 9 points after having been down. "the claman countdown" is coming right back. ♪ ♪ ♪ since pioneering the suv in 1935, the chevy suburban has carried many things. nothing more important than family. introducing the most versatile and advanced chevy suburban and tahoe ever. keeping your oysters busihas you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/p

. >>> on deck, they call themselves the airbnb of warehouses how the former ceo of a dating website ishanging the game in logistics (people greeting one another) the same. the usual. the what you don't even have to say because they already know it. your go-to small businesses are relying on you to come back and shop small again. and again. and again. we know them. we love them. so let's go shop small. with american express. at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. at cdwwell we've made our happy,office pet friendly.s. [ bleat ] [ cooing ] maybe a little too pet friendly. well you know cdw can design a mobility solution with light powerful devices from lenovo to make your people more productive in or out of the office. anyone have any questions before we go? that's great

airbnb plans to target 30 to $33 billion and doordash is looking for 25 billion to $25 billion. airbnb's valuation went down this year because of the pandemic but bookings rebounded during the summer as people looked for homes to get away. doordash has been doing very well as more people have been using the app to order delivery. >>> so let's take a live look at the new york stock exchange. the dow is down about 266 points this morning. >>> hawaii officials are trying to woo you to do your stock market in the islands. they say it's the best place to work from home. the group movers and shakas is aiming to bring more hig high-skilled white collar workers to the state. hawaii's tourism has been decimated by the pandemic. the first round of applicants was just approved. they will get round trip airfare to honolulu. in exchange these remote workers have to commit to being good stewards of the hawaiian islands and do volunteer work at a non-profit. >>> mike made the point earlier that the cost of living in hawaii is not that different than the cost of living here in the bay area, how

the 10,000 square foot home is listed on airbnb for $6,000 a a night. seven bedrooms and a pool, ama, you can watch the current season of the bachelorette here on abc 7 on tuesdays. six grand a night is a little deep. >> i'm out. how much does it cost to hang out by the pool. i might be in for for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa we're made for. ♪♪ how can i, when you won't take it from me ♪ ♪ you can go your own way xfinity mobile's fast nationwide 5g network meets the first iphone with 5g. get the new iphone 12 on xfinity mobile. and right now get $250 off. learn more at an xfinity store today. >>> sports on abc 7 is sponsored by your local toyota dea

let's move on to airbnb and doordash.o public. susan: you are? stuart: i believe they are going public next month but what kind of value will be attached? susan: a lot more expected given that they raised cash at probably half the levels they're targeting in their ip-es. doordash is looking at valuation of $30 billion, raising $2.8 billion by selling shares and raising cash in their ipo. they're looking at a price range of 75 to $85 a piece according to reports and that is double the private rounds when doordash was raising cash at $16 billion this summer. airbnb starting the ipo road show. they're trying to he will is the ipo to potential investors. reportedly valuing itself between 30 and $33 billion at the peak. almost double the value they raise emergency cash at at height of covid in march and april. airbnb is one much the rare unicorns making money. reporting a surprise profit last quarter of nearly $150 million. however with airbnb are making profit. growth is slowing. where growth is accelerating at doordash. they

. >> this home alone themed airbnb rental is available in dallas.in and it takes you through some of the movie's most iconic spaces. no detail was left behind from the manikins moving in the window to the spiders sitting in buz's room, every guest even gets a complementary cheese pizza when you humble yourself under the mighty hand of god, in due time he will exalt you. hi, i'm joel osteen. i'm excited about being with you every week. i hope you'll tune in. you'll be inspired, you'll be encouraged. i'm looking forward to seeing you right here. you are fully loaded and completely equipped for the race that's been designed for you. >> the late show with stephen colbert is next. >> thank you for watching, the news continues streaming on cbsn bay area. have a good night. (triumphant music) hi, everyone. (phones ringing) and welcome to the legal help center. today, we have legal professionals standing by to answer your questions and give you a free consultation. so if you've been injured in an accident that was not your fault, and you don't have an attor