quick mention of airbnb, airbnb having its biggest drop on record this wednesday. the biggest drop on record. something hard to believe. analyst jumping on the tepid outlook for the fourth quarter this year, revenue 1.8, 1.8 billion dollars, below street expectations, it is a slowdown of bookings going to the fourth quarter and this -- and the treatment of the habits of airbnb. emily: we will ask the ceo about that in a moment, love it more about twitter -- a little bit more about twitter and advertising with elon musk. platforms we have taken for granted like twitter, facebook, instagram have been free to users next to the ads. that is beginning to change and could continue to change fast. i want to bring in bloomberg's kurt wagner, before we go further come what is happening with twitter's at products. there is talk of an advertiser boycott, elon musk has put the idea of a subscription. where do we stand right now? guest: everything is sort of where it last week, as you have mentioned there is some looming things that could be incredibly impactful. the first is t

by next spring, everyone on airbnb, booking on airbnb will be verified. have reservation screening technology, to lower the incident rate of parties. we did a pilot in australia, party incidents were down by 40% and increasing damage protection from $1 million to $3 million. at the end of the day, we are trying to get more people to put up their actual homes that they live in on airbnb, in anticipation of travel demand. something that i think is going to resonate especially now during these difficult economic times. emily: you are also listing your own guestroom on airbnb, brian. you seem like kind of a busy guy, should your guests expect you to be making coffee and chit chat or what? >> i will make coffee. i have the famous chocolate chip cookies, they have been in the family for a few months since i found the recipe on google, i will be hanging out with them, there's a bunch of cool stuff we can do together. some people ask why you are doing this -- i have always believed people who build great products build them for themselves. i also wanted to show p

turn is really stable and hosts are making more money than ever on airbnb and they made significantlytart of the pandemic and it is so popular that we want to make it even easier for more people to get started and the average hosts when they list get a booking within 50% of hosts get a booking within three games of listing and we want to make it even easier for people and we have a product called airbnb setup by matching you to super host in the area and we're providing more protection with the cover where we'll increase damage protect from $1 million to 3 million i hope that when we do those things more people will consider hosting. 8 billion people in the world and we're still a strong dent into hospitality >> brian, do you -- are you saying that churn has been stable over the last year? have you seen a difference since the pandemic obviously, there are less home available. >> churn has gone down churn has gone down. >> airbnb data, how much weight do we put into that? >> i haven't seen the report that you're referring to, we have the best data of airbnb our platform >> let's talk a

. >> airbnb seeing that. airbnb's chief strategy officer. >> i'm joined by the cso.f the cofounders as well. thank you for joining us here. we have to start with the earnings because they came in pretty solid. disappointing outlook in terms of booking demand. i wonder if you could give us more flavor in detail about particular his way recessionary risks. >> the headline was nearly 100 million experiences booked. that translated to 1.2 billion of net income, that's up 46% year-over-year. otherwise would be even higher. so really good results. it's been consistent over the last quarter since we've gone public i think were very proud of that track record. seeing a lot of momentum. i think travel will remain strong. people not slowing down in their travel. i think this been a lot of speculation about growth rates. the thing to remember there is things are different. q3 of last year. it was a little bit depressed. there was a spike during the summer. and that in q4 last year it was unusually strong. going forward there's a nuance that has to be factored in. >> a lot of va

airbnb is getting hammered even though they turned in what i thought was a very strong set of numbersl better than expected okay some flows, little free cash flow maybe not perfect the forecast in the fourth quarter in line but could be conservative overall, the pros vastly outweighed the cons. never the less, the stock got hit anyway because this is being lumped in with a bunch of newly public companies with very little in common including the fact it makes a ton of money could this be a buying opportunity? we have to dig deeper with the co-founder and ceo of airbnb to learn more welcome back to "mad money." >> well, thank you for having me, jim. good to talk to you today. >> let's go right to -- i'm going to say it. you are making a fortune why do people not understand what free cash flow means and what money in the bank means because that's what you have. >> well, i think we need to keep telling our story. it's cash flow and we've done $3.3 billion in free cash flow in the last 12 months and that means that's more than a 40% free cash flow margin so i just think we need to keep tel

do they now like living in airbnbs?look at those long-term stays, because that is a trend that the company has seen that people, as we live in hybrid work environment, are actually staying in their airbnbs for longer that is helping their bottom line does that continue we know that people want folks back in the office that's a uestion you want to look at the guidance we spoke to brian chesky in september, and he said that demand remains really strong i wonder, however, and investors will be wondering if they've seen some of that demand peter off over the last few months, as the likes of amazon have aid uber department say that, though the average daily rate as well this is a sign of airbnb inflation. it has been increasing at a very quick clip over the last few years, is that moderating at all? and brian, finally, yesterday, we spoke about uber and the massive amounts of losses that we continue to see this is a sharing economy company that is making money, minting profit a billion in net income expected this quarter >>

you mentioned open table, we're about to get airbnb later today. who is benefiting from this sort of not even just revenge travel, but just sort of revenge getting out that people are doing and which business models are best positioned to take advantage of that, retain that traffic in the form of loyalty and use it to fuel growth? >> yeah, so first off, we're talking uber, the read across you have to think about what is going on with lyft we think increasingly because the businesses should diverge i think in terms of we're not just going to be trading on ride sharing inventives and if the market is coming back or not it seems like improvements are more video syncretic we think scale really does hear. and doordash leader in the u.s. in terms of u.s. delivery. the bookings that uber guided shows that there could be maybe up side to our estimates there we'll hear from them later next week but then also chipotle numbers are pretty good on the digital side and also grubhub is improving off a very low base. so delivery is proving to be a bit more sticky

let's ask the airbnb ceo who's is live with us.brian, we'll get to the quarter and current quarter and what do you make of what mark said? how do you hold up? >> there's no question the economy is slowing down and no question when the economy slows down, consumers pull back spending but that's not what we saw in q3. you know, the reason we had our best quarter ever, you know, $1.2 billion in net income and a billion and a half and what people are feeling they still want to travel. you know, people are -- a lot of people are working from home. their office is zoom, the mall is amazon, the theater is netflix and people are saying, i still want to get out of the house. i still want to see my friends. i still want to see my family. i think that partly explains why we had a record quarter and because people working from home, many people want to work from other homes, which is long term stay business is doing really well. what we're see askiing is actually a -- seeing is actually a still a lot of strength. liz: i'd imagine and one metri

. >> coming up, airbnb rentals soaring.renting out a room in his home and he came to tell us about it. i'm not kidding. brian chesky is here l live to tell us about it this morning. duduring the black friday event, save up to $800 on select stearns & foster® adjustable mattrtress sets. (vo) verizon small business days s ae back. and there's never been a better time to switch! get our best offers of the year on business internet. help your business stay ahead with the reliable connection your business deserves. bookour appointment today. and switch to thnetwork america relies on. verizon. ew. gotta get rid of this. ♪ tell me why ♪ because it stinks. ♪ tell me why ♪ i don't know i've washed it so many times. ♪ tell me why ♪ no you tell me why i can't get rid of this odor. ♪ have you tried new downy rinse and refresh. ♪ it doesn't just cover up odors, it helps remove them 3x better than detergent alone. guess the odor went bye bye. no, that's not us. sorry. rinse odor away with new downy rinse and refresh. imagine having to us

ed: airbnb is still set up to be a pandemic success.'s a reliance on long-term rentals and the data shows us the user base for airbnb is moving away from long-term higher value stays. take my word for it but lake tahoe in california were many people work from home decamp from cities like san francisco paid a high rate to live bike -- by a lake for many months, that is now ending step you look across the street to reaction this wednesday and you have to remember this is a company trading at around 40 times forward earnings and given long-term stays, it's hard to justify the premium on competitions that rely on single night stays. alix: i can assume with more competitive when you're trying to get vacation bookings versus a long-term rental booking. what should the company be worth? 40 times is huge. ed: it's a hefty premium in the counterargument is the technology side of the story. consumers book through their website so that means it has a strong margin profile relative to a platform that might rely on third-party or a namebrand hotel c

. >>> up next, apartment rentals come to airbnb stay with us how will your business adapt to change?ld hire an office full of peyton mannings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. airbnb is partnering with several landlords to allow tenants to list their apartments diana olick is with us, has more details. >> well, john, historically the overwhelming majority of rental buildings prohibit short-term subletting so this gives tenants the ability to host their apartments just like homeowners do. airbnb is partnering with two major apartment reits, equity residential and udr, as well as gray star, the largest apartment management company in the u.s. it's starts be with 175 apartment buildings in roughly 25 major markets those inclu

three americans found dead in an airbnb why the victim's families are demanding change. deadly bacteria outbreak linked to deli meats and cheeses with the c d. c is saying and from peyton manning, co hosting the cma is this is the super bowl of country music to the eye popping sale in the art world, topping a billion dollars to a different kind of traffic jam. it's thursday, november, 10th. from abc news in new york. this is america this morning. thursday morning, everyone we begin with hurricane nicole, making landfall in florida overnight south of vero beach storm is packing heavy winds and a potentially devastating storm surge just weeks after hurricane ian. we haven't seen a hurricane make landfall in the u. s this late in the year since 1985 concern inland is flooding with up to eight inches of rain. the big concern on the coast is beach erosion, leaving some buildings in danger of collapsing. hurricane nicole made its arrival in the middle of the night, slamming florida's east coast, with heavy rain and wind gusts. topping 75 mph. homeowners described their backyar

"tech check," i'm deirdre boese with jon fortt, today a ton of movers to get to o' we're talking airbnb, intuit, para paramount, how that is all impacting results. plus, zoom info and chegg heading in opposite directions this morning the ceos of both of those companies with us this hour. and two big bear tacalls. >> wow, that's a lot but we've got yet another angle for you to start our feed this morning, and that is chips, amd confirming the pc slowdown they warned about a month ago still bilullish on data center. that stock is higher we're going to get more data on the difference in demand between consumers versus auto and industrial customers when qualcomm reports tonight kristina partsinevelos is with us for more on both companies. hey, kristina. >> hello, jon. so like you mentioned, data center sales really helped cushion the blow with amd's latest earnings. you had a miss on the top and bottom line, q4 guided lower because of weaker pc sales driving the client segment closer to what i can maybe call bottom down 40% year-over-year pc sales will actually continue to decline in q4 and

part of what we observed and what we saw with airbnb they are a much broader company.hey appeal to much more room rentals, parts of home rentals. we do not do that. the scale of the business is such that that is a market that may be seeing more weakness. we as a business are less exposed to that. our verb rope brand is middle to upper market -- verbo brand is middle and upper market. we do not see the same cracks. if you are exposed significant lead to the broad global lower end you will be under more pressure. we think they will do fine, fx is a travel globally as well. we are heavily weighted towards north america that is great because it dollar is strong. if you are weighted differently that can have a bunch of different impacts on you. emily: adr, average daily rates is still above pre-pandemic levels, airbnb and some european -- some of your competitors expect that to moderate. do you expect softness going to next year? guest: we have not seen it yet. the makeup of our business mix is somewhat different. hotels, the big chains are talking about holding adrs. hotel

another feature, airbnb asking their hosts to make their checkouts clear and reasonable to guests before your "cbs moneywatch" report for this tuesday morning. i'm dan liebermann, cbs news, new york. >>> well, the cfo and heir to tyson foods was arrested in arkansas. police say 32-year-old john tyson allegedly entered a strange 'eers home and then fell asleep on her bed sunday. he was charged with public intoxication and trespassing. he's the son of the current chairman and the great-grandson of the founder. yesterday tyson apologized for the incident and said he was getting counseling for kohl abuse. >>> well, there's alarming new hospital data showing that pediatric hospital beds are filled at their highest rate in two years. 78% of the estimated 40,000 pediatric beds in hospitals across the country are now filled with patients. that's according to health and human services. the surge is being blamed on a spike in cases of the respiratory infection rsv and the flu. >>> up next, saluting the world series champ. hundreds of thousands of fans lined the streets of houston to pay tribute to

. >>> plus, a flood of results from amd to airbnb to caesar's and more the stock moves from been all over the map we'll go inside the numbers. >>> and later, fresh call to ban tiktok here in the united states details on one fcc's commissioner's push to get the chinese video sharing app shut down we'll go inside names like meta, snap and more. i'm melissa lee. a full house, tim seymour, karen finerman, courtney garcia and the central bank widely expected to announce another 75 basis points hikes tomorrow. investors will be laser focused on how much higher they'll take rates. the nasdaq giving up a gain of more than 1.5% locking in its fourth down day in five sessions but couple of single stocks making big moves today amazon dropping 5.5%, falling out of the trillion club for the first time since april 2020. old, sofi jumping more than 5% after the company boosted guidance for the year. the stock hit its highest level in over amonth and went up another 6% on top of yesterday's gains. that's its best two-day gain in two years. so what does all this action tell you, tim? >> well, it tell

. >> reporter: authorities say they arrived at the airbnb rental on october 30th and found the bodiesll of them dead from carbon monoxide poisoning. that same weekend, just a few miles away, 29-year-old anjelica arsay was saying at a non-airbnb vacation rental with her siblings, andrea and marco, when they started to feel sick. >> one minute i felt really busiy. >> reporter: telling our san diego affiliate ktvg anjelica went to the hospital for heat exhaustion, then went back to the rental to sleep. a few hours later, marco found her lifeless. >> i lift her hair, she was all purple. i was very scared. >> reporter: these deaths come after three other american tourists were killed by carbon monoxide poisoning at a sandals resort. >> carbon monoxide is called the invisible killer because you can't see it, you can't smell it, you can't taste it. >> reporter: despite being largely preventible with the use of carbon monoxide detectors, poisonings are not uncommon, especially on vacations. in fact, over 1,000 people have been poisoned by carbon monoxide leaks at u.s. hotels over the past two

airbnb setup pears. newcomers with high rated veteran hos to guide them through the setup and hosting process. the san francisco based company says 1800 so called super hosts have already signed up to be ambassadors. new hosts will also have access to community support agents as well . airbnb says there are four million hosts on their site and is looking to add more police in san mateo have taken steps to reduce catalytic converter thefts, the san mateo police department has become the first law enforcement agency in california offer a self installed working kit. designed to combat the theft of catalytic converters in cars and trucks. the department purchased 500 cat guard self install marking kits for residents of san mateo. those kids include two ultra destruct labels with an identification number that will break into pieces if an attempt is made to remove them. metal etching fluid to window stickers and information on how to register in the cat guard database is also included. in those kids, right? sp

and why the ceo of airbnb rented a room in his san francisco apartment. okay care coalition, alaska airlines is still frontrunner for most caring airline. funshine bear, you did some of your own research, right? i sure did. ♪ according to the web, their program's number one, ♪ ♪ earning alaska miles is quicker and more fun! ♪ cute! ooh, that was wonderful, sweetie! oh, oh, oh, i have a song about their cheese plates. ♪ cheese please! cheese please! cheese please! cheese please! ♪ uh- it's time for lunch. aw... ♪ ♪ ♪ at prudential we think you should say it when things go right too. like, when you score your dream job. sell your business. or discover she's smart... really smart. now what? here's what: you connect with prudential's rock-solid team serving over 50 million people. with investment, insurance and retirement know-how. who's your rock? visit prudential.com or speak to an advisor today. >> airbnb ceo is proving his dedication to the company. you might say by putting up a room for rent in his apartment on his website, brian chesky has listed a priv

her boyfriend then called the airbnb host to did a welfare check.ities say they found florence, marshall, and hall dead. their families saying it's been a struggle communicating with authorities. >> having to maneuver language barriers and travel and trying to get his body home. it's been a lot. >> reporter: now marshall's mom says they spent hours in a mexico city police station waiting for a translator to show up. she says the u.s. embassy was also closed when they got there, and they couldn't get into the airbnb to get his things. airbnb told marshall's mom their belongings have been sent to the authorities while the incident is under investigation. their bodies are expected to be flown to the united states in the next few days. aaron? >> all right. thank you. >>> an iowa teenager is back in custody after escaping the residential facility where she was serving probation. 18-year-old piper lewis was controversially sentenced after she pled guilty to killing a man who she says raped her. lewis was arrested for the probation violation yesterday afte

it is not good enough to show good results and good demand airbnb down 13% on the hint of deceleration if you are looking for a sign where youomentum, i would say business travel is a good thing. that will continue to recover for a longer time period exposure to asia is a good thing. if you look at booking were able to say october was better than september was because of ash ya asia that will give you ongoing most had m momentum >> for me, you think of it as i go somewhere and sleep and keep going. how much is this part of the narrative? >> you have the distribution technology and increasingly trying to persuade you to use their platform over any other platform that is around ai and fintech. the products to predict what you will book and recommend things we see airbnb invest on the hotel side, we see the tech and consumers want mobile phone door entry and choose your own room and control the heating and lighting and tv from the mobile phone those hotels that haven't invested in that may lose out. >> i really like that check in with your phone. you don't have to go to the desk or wait f

positive response to amd, not so, for example, for airbnb. >> air bnchbnb is an interestin.was trading lower. perhaps because even though we did see the 29% growth in the july to september period, it was actually weaker than the quarter previous to that, and you did have the cfo on the earnings call saying he anticipates growth will slow in the next quarters between 17 and 23%. so a deceleration there. the question i keep coming back to, and i think about this with ups last week and e-commerce and peak season. you could raise it here with airbnb other companies we talk about regularly that have consumer-facing elements to them is how much of this is early signs of recession and the slowdown of the consumer and the belt tightening of consumer spending, indicating something worse coming down the pipe versus a return to something more normal prepandemic which is what airbnb was talking about yesterday. you can argue also the shift from goods to services is playing out, too, when you look at caesar's results which were higher, too. there's the gambling stuff but also the fact yo

airbnb says there are four million hosts on its site, and it's looking to add more.otors says its sales of electric vehicles are doing well. in fact, gm expects that electric cars and trucks will sell as well as its traditional gas powered vehicles by 2025. g m. s ceo said the company's forecast factors and federal incentives under the inflation reduction act, which includes money back for companies that produce electric vehicles, and consumers who buy them. gms revenue is expected to grow 12% annually to more than $225 billion in 2025 believes in san mateo have taken steps to reduce catalytic converter theft . the san mateo police department has become the first known law enforcement agency in california to offer a self install marking kid. the department says it purchased 500 cat guard self installed kids for san mateo residents. these kids include two ultra destruct labels with an identification number that will break into pieces if an attempt is made to remove them information on how to register the cat garden. a database is also included in those kits, retired m

so she booked on airbnb and i'm telling my sister why did she book hotel?e you know their security and everything. she's like, well, you know, and he doesn't make much money needed to book an airbnb. that's why she decided to go there. so that's what it comes down to a lot of the times and you know you have these extra fees when you go to the hotel pfieffer everything you know that's usually through this, you know, through the city and county that you're in internet and that be this and that and that, and you want a bagel at breakfast, and that's a fee. so i guess i can see why people you know, would choose an airbnb over hotel pretty shady of the hotels to be doing fake reviews. come on now. it would be financially compete with money. you know, dollar speaks for sure. i'm not paying four bucks for a bagel. no way. we know gus. yes we know. we know we've heard it. all right, let's bring back to the story we've been talking about for a couple of days now and now it's essentially become true because thousands of twitter workers have now learned whether or not

you spent more in one quarter than airbnb has on sales and marketing in three quarters. how are you judging the success and can you take a page from airbnb's book and the way that you market >> yeah, thanks, we all have different advantages and i think that airbnb clearly has a brand advantage in its particular space which is home rental or room rental and, you know, what we have is an advantage we believe in our loyalty program, we talked before that next year we're combining all our loyalty programs in to one loyalty program. we think we have product advantages and we've ath actually gotten leverage in terms of overall spend in buying and retaining customers. so we're doing better than we used to come airbnb has unique brand advantage, but in the world of those who compete in all product lines because we have air, hotel, you know, cruise, everything, not to mention vacation rentals with verbment on, we think we have leverage. and as we build a bigger base of customers and members, that leverage gets better and better. and we're seeing that happen >> and we got the octo

ed: airbnb ceo brian chesky.ing of layoffs, cisco closed 4.7% higher thursday after an up beat revenue forecast. and like many other companies, unveiling a plan to cut jobs. cfo scott herren joins us now for more. let's push this forward. bullish outlook for the last three months of the year. at the same time, acknowledging a changing macro picture. you are preparing for the worse. how do you balance that? >> i think it is different. thanks for having me. great to see you. i'm a big fan. we had a great first quarter. record highs -- record high revenues. earnings-per-share and revenues above the high end of our guidance range it on the back of a lot of hard work have been doing. to build a recurring revenue model and manage supply chain issues. the performance is quite good. we did announce a small restructuring today. i think it is a big different than the way perhaps you have heard from other companies. ours is about rebalancing. the headcount we had at the beginning of the year, we estimate the same number at

thanks getting your still to come tonight, airbnb looking to improve its transparency around pricing, the changes the company. >> he's doing to the act. >> plus, a message of reassurance from the ceo of delta airlines. why he says there will be no disrupt >> the ceo of delta says there is no way pilots will go on strike during the upcoming holiday season. the airline says they're now closer than people think. whatever that means to agreeing on a new contract deal with the pilot union and it would be, quote against the law of the country. and quote, if pilots walked off the job for thanksgiving or christmas, so says the ceo, delta claims there are still many steps remaining in the process before a strike is even allowed to be considered. however, the delta pilots union says the law is on their side. >> airbnb is making changes after complaints from users over hidden fees. the company plans to make the total cost to rental properties, including all the clear to customers. the new option will be available next month. it will display the total cost to properties before taxes, including cl

joining us, barclays, including names like airbnb, spotify and r r roblox resilient this year, heardrom brian chesky, no slowdown in demand what do you think? is this destined to slow down next quarters or stay strong >> yeah. just a lot right within travel airbnb look at fourth quarter guidance, implies from q3 to q4 remain relatively stable seeing a slight slowdown regarding pace of recovery and in terms of next year and into '23, too early to tell whether that pace recovery picks back up. that's across the board with airbnb booking and expedia. >> so discretionary consumer tech as a whole. too risk toy hold here, mario? what do you think? >> yeah. i think for our coverage and in terms of travel stocks, also we cover video games. both of these two sectors. there is that turbulence for travel, from covid, people stopped traveling in 2020. it's starting to pick back up. still this element of pent-up demand left. we believe in 2023 similarly for video games. you know, seeing softness as of late, but look at the council makers, still pent-up demand for next gen's consols and see "cal o

even with the economic uncertainty, people still want to travel airbnb reported a record profit.arnings report. the wall street journal reports amazon is considering cost cutting strategies that include alexa reporters reports say internal documents indicate in recent years, amazon's devices unit, which includes alexa has had an operating loss of more than $5 billion per year. the other cost cutting measure the company is taking this week cutting 10,000 jobs. and the first ever star trek comic book reportedly sold for a record price at an auction in dallas. a comic book grading services, the near mint condition 1967 1st edition copy sold for $46,500. the classic star trek issue, said to be a very well preserved collectible . it's only one of five copies given a 9.6 grade or higher and more than double the sale of the last comic book sold with the same grade in 2019. pam cook, that's look at your dollars and cents. thank you. comedian jay leno says he's okay after being seriously burned in the gasoline fire. it happened saturday in his burbank iraj when one of his many cars burst

one option, perhaps airbnb. they will see all fees before taxes.u book an airbnb, you decided on a price that you prefer for the b and b that you're looking for and when you get your checkout price, it's entirely different to what you had initially planned. that seems to be something of the past now. they're saying they're going to make sure they include cleaning fees, service fees, but not taxes in the initial amount. it will also be shown on the map, the listing page, to ensure that the full amount is what you know before you choose the place you're going to stay at. so certainly one of those complaints that airbnb is certainly trying to fix at this stage. >> cnbc's arabile guemede joining us live from london. thank you as always. >>> up next here, three big clue, that could indicate which party will control congress for the next two years. >>> and coming up on "morning joe," steve kornacki will be at his natural habitat, the big board, breaking down the races to watch on this election day. as polls open up across the country this morning, we'll

airbnb stock down. now, let's get a news update with tyler mathisen. >> brian, thank you very much. welcome, everybody there is a peace agreement in ethiopia to stop hostilities in a brutal civil war in the tigray region victims could number in the hundreds of thousands. the agreement calls for a coordinated disarmament and a restoration of law and order in brazil, supporters of jaer bolsonaro continue to protest. bolsonaro has not conceded defeat, but he has stopped short ofcontesting the election and says he's going to cooperate in a transfer of power. meantime, in japan, nearly a hundred hot aballoons are takin flight for an annual festival. on the news tonight with shep smith, an unexpectedly close race for governor in oklahoma and how an unprecedented endorsement from a major tribal leader in the state could affect the outcome. >> tyler mathisen, thank you very much. >>> still ahead, roku, qualcomm, robinhood, all on deck with their numbers. the key things to watch and how to position ahead of their earnings we call it "earnings exchange," and yeah, we're even doing it on this

dolly varden. >>> some breaking news from airbnb and two apartment trusts. diana oh lek joins us with more on what's happening here who's up good morning. >> yeah. good morning airbnb is renting so-called rental apartment buildings it employee hints short-term subletting so this will give tennants the ability to host their apartments as homeowners do it's starlting with 125 parts buildings in denver, seattle, san francisco, dallas. some in new york city and washed are not available due to restrictions on shortly-term rehn tassel. >> there's a calculator that helps you to predict what the earning potential is again, if you're doing this on a part-time basis and you can enter in different assumptions, we think this is going to help at this time in particular where inflation is high and people are struggling with the cost of living. >> now t calculator factors in building's rent range, amenities, number of units and the number of nights each building it allows it will cap the nights between 80 and 120 per year, and the building can take a cut of the host airbnb

the case was for failure to yield police in mexico city is a three american tourists staying in an airbnb apartment died of carbon monoxide poisoning. they say security guards found them while investigating a strong gas smell . unfortunately gas inhalation debts are persistent in mexico because of improper installations and monitoring the northern california mom who faked her own kidnapping is now in prison, serving an 18 month sentence. sherri papini vanished in 2016, setting off a frantic search. she reappeared three weeks later claiming to hispanic women kidnapped her, but it turned out she had been staying with an ex boyfriend. a kitten in the boston suburbs has been through quite the ordeal, but he has the scars to prove it. animal control was trying to catch him and his siblings when he took off and he hid. he got his head stuck there. look in the wheel of a truck. rescuers got him out, though he did need stitches and bandages, and the staff at the rescue facility didn't quite know what to call him. people were putting a lot of good things out there, but i think we landed on hub cat

stuart: here is the setup for you, lauren is looking for movers including airbnb, go.ren: they're making changes in price transparency up front. customers are complaining what is the cleaning fee, host strips all the bed when i'm paying a cleaning fee? stock is down because of europe proposing regulations for home rental companies including airbnb. stuart: i see walgreens boots alliance, top of the hill, top of the performance list. it is up 4%. lauren: they have a majority stake in village md, they're merging with summit health the parent of city md. for nine million dollars. combines urgent care centers. stuart: get back to tupperware,wer were talking about tupperware, i don't see it going up 15%. what is happening? what is the story. lauren: belief the turnaround can work. the ceo loaded up on 24 million shares. they believe in the turn around, the market is thinking they're helping to engineer. initial report sales down 20%. stuart: up 15%. next one, homebuilders and banks calling on congress for help. what exactly do they want? lauren: they want to push the year-e

high marketing cost to get users on the site and sales will slow end this year and going back to airbnb, they got disappointing holiday sales as well and blaming the strong dollar and strong currency and airbnb have fantastic earnings and everybody is blaming victim to that strong currency. stu: will you tell us how much you saved or how cheap using american dollars? susan: subparody for the u.s. dollars to the euro. i enjoyed very good meals out there. stu: that makes it r really che. susan: it's the pound by the way, you should know that. the pound is at $1.05. stu: no, $1.12. susan: okay, significant. the real reason why it's moving up some 7% is because they're buying back $5 billion in stock. also retiring a billion in old stock as well. i want to show you norwegian cruise line and six month high on the stock after huge numbers and results beat and losses narrowed and guiding for a record breaking 2023 in bookings so people are cruising once again. stu: what do you got on disney? they report after the bell. what are you looking for? susan: disney+ subscribers spending around $15 bi

reggie: airbnb's incentives to get more hosts. kumasi: scr do you struggle with occasional nerve aches in your hands or feet? try nervivenerve relief from the world's #1 selling nerve care company. nervive contains alpha lipoic acid to relieve occasional nerve aches, weakness and discomfort. try nervivenerve relief. who says you have to spend more on skincare to get results? i power up my skin with olay. it works. guaranteed. try niacinamide for strength, retinol 24 for smoothness and vitamin c for brightness. i like to use them all! olay. face anything. kumasi: here are seven things to know this morning. five people were killed, including three kids in a crash on highway four in pittsburgh. the car with the kids was driving the wrong way when it slammed into another vehicle. jobina: the update in terms of traffic is that that has cleared, the crash, see was referring to. we do not have any major issues this morning. reggie: twitter employees have until 2:00 p.m. today to decide if they are staying with the company or taking a sev

airbnb has got a fantastic franchise.ngs should be happening, historically speaking! do you understand how strange this is? it is terrific people are going out and enjoying themselves got there is not more resistance. why aren't more people flying coach? i think it has to do with the balance sheets of the post covid american consumer. the average consumer has more money left over from stimulus payments, meanwhile, jobs are more lentiful than ever. a lot of bills weren't even paid during covid. it breeds what consumers aren't supposed to have right now, that were confidence. a confident consumer is the enemy of the feds' attempts to stamp out inflation. give back to the average american household. i am beginning to believe that as long as confidence rains, the fat lady isn't about to sing. >>> >>> the fed's rate decision, and how the economy is shaping politics six days from the midterms i'm shepard smith. this is "the news" on cnbc now, interest rates at the highest in 14 years. what the fed is signaling for the future >>

a similar incident happened at a separate mexico city airbnb, where one person died.neral is calling for an investigation into both incidents. reggie: a woman who acted as a lookout while her husband passed military secrets will end up in prison longer than he will. she got 21 years in prison, her husband got 18. the judge rejected the initial plea deal. the wife try to pin everything on her husband to get a lighter sentence. the try to sell secrets to a foreign government. in one exchange, they put a memory card with information inside a peanut butter sandwich. a doctor from ucsf christ to help a toddler born with a rare disease. she has a rare disorder -- her two siblings died at the same disease. while pregnant, doctors gave her mother infusions of a crucial enzyme starting at 24 weeks. >> the idea of the therapy was something we talked about even a few years ago. the disease starts in utero. there is evidence the heart is involved. reggie: it is too early to know if this will be widely accepted. however, the doctor says right now she is a very active, happy girl.

earmark time lisa su, ceo of amd with jim crime jeer stock number two is airbnb third quarter profitsue beat forecasts, but growth in bookings slowed to 29% in the quarter from nearly 60% in the second quarter. airbnb says revenues could fall short of revenues as the dollar is starting to affect the business and bookings would moderate the shares in the premarket. and stock number three is young china, those shares jumping nearly 14% in hong kong after the first food chain's third quarter profits nearly doubled it's the biggest gain, however, the company warns of a resurgence in covid cases as china is darkening its outlook in the fourth quarter. >>> let's get a check on this morning's other top headlines. phillip mena is there with more. phillip. >> good morning. breaking overnight, an exchange of fire on the korean peninsula. south korea launching air to surface missiles in response to air missiles coming from north korea. none landed in south korean territory, but one did get close enough to the eastern maritime boarder to set an an air alert on the island. in a briefing the joint

. >> caller: hey, cramer, i was looking into the airbnb earnings call and kept using the word excited. the founders sold over a billion dollars worth of stock considering actions speak louder than words, how should investors react? >> really good point brian chesky has a great business now, the problem with this is that it sells at a very high multiple and nobody wants high multiple stocks, even ones as good as airbnb so i have to be careful but i do like it very much the let's go to craig in california, craig? >> caller: hey, hey, hey, boo-yah chill master j. >> boo-yah, what is happening? >> caller: a little quandary maybe you can help me out with something. i've got a wide range of stocks at the top about 20% ownership protein is mcdonald's. -- >> boy, i got to tell ya, i think mcdonald's is so well run. don't worry about it mcdonalds is a mapure operator. i can really tell people you must buy it here we're seeing mixed signals, some signs of hope but the next two weeks will tell us whether the recent move was legitimate or a temporary fakeout. double order worries about the macro

it's basically a statement that's been blanketed across every company, including airbnb, doordash, your has proven with two straight quarters of growth in ebitda and free cash flow is that you can achieve growth and profitability, you can create a mobility and logistics network that's increasingly profitable. this feels really, really good to a lot of the early employees and investors that had to weather a lot of that naysaying. today uber has over 120 million active customers, it's done about 2 billion trips in the last quarter and it has net revenue of $8.3 billion. that's growing 73% year-over-year the ridesharing business is profitable it's proven profitable i want to say that again, it's proven profitable. this is a big deal, a good sign for a lot of other companies in the space, for a lot of other marketplaces today, uber from a marketplace perspective is the third largest marketplace behind amazon and shopify. the ridesharing business alone is almost $1 billion in ebitda the last quarter i think there's a lot of craft around the story of uber, but the original platform has prove

tom: wait, is airbnb done as a thing? help me.'t know how much of the disappointing outlook for the fourth quarter is due to a lack of people traveling domestically to places outside of big cities and more going to big cities and international or traveling for how much is because people are going back to the office and they are not able to work from home? i'm just suggesting. jonathan: i wish i had done that. lisa: i wish i had, too. jonathan: set up a tv studio on the beach. i regret it. tom: you know who did that, cooperman. lisa: he did do that. that was a zoom backdrop that his son had done, i swear. let's move on. jonathan: i thought that was an actual beach. lisa: he said his kid put it on and he didn't know how to take it off. missed estimates, also falling after disappointing earnings. actually, they are up now. it is because of kfc. they disappointed dramatically. their returns did not work. but pizza hut did well. you guys are not interested at all. tom: you got that right. lisa: we gained an hour, so i was branching for

i also want to just highlight a couple of names here, booking, airbnb, and expedia.at we're almost all technology names are seeing a softening in demand. names like bookings, airbnb, and expedia are seeing demand trend ing hold or even strengthen. i like these business models that are high margin businesses that have yet to see the shoe drop i assume they will, we should all assume travel demand will weaken next year but these companies are going into that period with pretty tight, lien cost structures, so bookings actually one of my top picks in the space i like it. ashley: we've seen a lot of money coming out of tech to your point. where's it going? i mean, some of the yields now and some of the short-term bonds are looking a little attractive, 4.7% on the two-year, i mean, is that a reasonable place to put your money? >> i think you've seen people do that. i think you've seen people move to a much more defensive sectors like energy. the question is really going to be when all that turns, and that's a macro call. what we're all waiting for at least in the growth te

airbnb saw so much growth during the pandemic.25%, but they say that's going to slow down. stuart: 8% down? if. lauren: they're not book as many nights as expected. the strong dollar is impacting them as well, so everything is going to moderate. stuart: okay. a gaming company in the news, caesar's entertainment, they are up 6%. you tell me why. lauren: the ceo says, okay, it's official, we're not selling any of our investor policies, and there was an investor call last night. he apologized to investors, he said there was a rumor that we were going to, he says that's not happening. stuart: i want to know about netflix and this new tier, advertisement-supported. lauren: it's coming. it actually launch. ings tomorrow in the u.k. and some other countries. it's about $2 cheaper than the current plan. you see about 4-5 minutes of advertisements for every one hour of content. some people find that annoying, some people tolerate that for the savings. advertisers will pay about $50 to reach a thousand viewers, a little bit less than netfli

now, i actually like airbnb. i've been wrong on that but i think the next five year period if you have that time, the best travel stock is airbnb all right. listen, you shouldn't feel safe in anything right now. when the market finally gets over sold enough, you'll need to pounce and that's when i'll be really to help you on "mad money" tonight, draft kings -- want to help you all the time but you know what i mean is there more to the story than wall street? i'll check with the ceo and rare earth material company mp announced stage two assets i'll get the latest to explain what stage two is and the enterprise stock apocalypse is here but is it fair for a reporting of companies like cloud fair you won't want to miss it. so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. a kohler home generator never misses a b

global jets etf and the travel tech etf which includes names like airbnb.ed yesterday by an analyst at baird citing concerns that over time travel budgets will be cut. just waiting to see when that will happen. right now projections suggest sometime next year, tyler. >> so hotel demand looking pretty good. are they able to staff their hotels as they need to >> well, post-pandemic, tyler, we've seen the hospitality sector lead jobs growth. with that said, the industry is still 200,000 jobs short and that's going to impact the customer experience. jan freetag at co-star group pointing out that hotels, some of them are offering limited housekeeping, giving guests the option to skip cleaning services altogether qr codes in restaurants is another example. tyler morris, who you know, tyler, is the owner of the therd largest hotel operator he says the labor pendulum is also starting to swing back in favor of employers and over time as layoffs start to escalate he sees that helping alleviate some of the shortage. >> all right seema, have a great holiday. we appreci

i've been airbnbing my house and sleeping in the walls.money, the high school science teacher gives me a shot of whiskey and has his students dissect me and moonlighting as a wealthy man's backpack. fella at the diner pays me a quarter to tie increasingly heavy dumbbells to my scrotum. you know what can be a shoe, two socks. i won't tell you highway i make rent, but right after work i'm dropping my boxer briefs in an envelope to croatia, so i'm going to be all right. >> okay. >> all right. we love you. we love what you're doing. >> thank you. >>> when "tooning out the news" returns, big news has comedian nikki glaser. i took a stand up class once and killed it, but this show is too important. >> announcer: "tooning out the news" podcast is available thursdays wherever you get your why do nearlyrever you get your one million businesses choose stamps.com to mail and ship? stamps.com is convenient you get the services of the post office right on your computer stamps.com saves you money with great rates from usps and ups mail letters ship pack

airbnb is about to be more transparent about cleaning fees. chief executive brian chesky says. be clearly stated. along with the nightly rate, airbnb decided to review the fees more than a year ago after complaints from gas company says the change took this long because it wanted to review all the feedback. from hosts and guests. coming up. we were hearing from the loved ones of a married couple who were killed in a car crash over the weekend, the moments leading up to that crash and stormy weather is starting to make its way into the bay area as we give you a live look outside, we're going to check back with chief meteorologist bill martin for the future r n totals domestic battery. embezzlement. misuse of public funds. lily mei not only stood by fremont's disgraced city manager instead of the victim. behind closed doors, she brokered a deal giving him hundreds of thousands of your tax dollars. we can't trust lily mei. aisha wahab is a leader we can count on to improve public safety, invest in schools, and lower costs for families. she's endorsed by the democratic party and pl