if people aren't spending on airbnb - airbnb shares today.ending on airbnb as l airbnb shares today. if people - aren't spending on airbnb as much, where is consumer spending focused? economists talk about this k shaped recovery, what that means is that you see a split, those who have more money and are continuing to spend and those who have less money and are really reining in the spending. there was a report earlier this week that more americans are racking up credit card debt. they had built up savings during the pandemic. you are starting to see that pressure. when you see force on the stock market that cannot goes high and consumers, something to watch in the months ahead. . ~' ,, , . something to watch in the months ahead. ., ~ , . ahead. thank you very much as alwa s. virgin atlantic's november flight 100 from london to new york was heralded as a breakthrough at the time. the first commercial flight to ever cross the atlantic on what's called sustainable aviation fuel. no changes were needed to the aircraft either. proof it could be do

airbnb, since inception. _ of softness. airbnb, since inception, has _ of softness.b, since inception, has faced a - of softness. airbnb, since inception, has faced a lot| of softness. airbnb, since l inception, has faced a lot of legal challenges because it is a disruptor and cities around the world looked at airbnb arriving on the scene, taking up arriving on the scene, taking up market share. they are still dealing with that, aren't they, where in many cities around the world, we mentioned barcelona, for example, cracking down on the airbnb let's available. yes, there is... and what airbnb decided to do except they have had to deal with regulatory issues. we are having this conversation during the middle of olympics in paris where airbnb has worked hand in hand with the french government and had enormous success. single biggest largest city silence make and gone over swimmingly, extremely well. something like 400,000 guests airbnb has helped situate in paris and by the way i do not think... i'm not sure the paris hotel industry could handle that on its own, probab

airbnb said in order to grow in new markets, spending is going up.st interview as ceo will be with us next monday. >> just curious in terms of airbnb versus vrbo what is your take in the difference, as how they see the market now, and marriott entering the space with marriott homes and villas, if increased competition is eating into airbnb. >> i think you are exactly right. we know airbnb is the leader in home rentals, and expedia certainly put more capital towards growing vrbo, but because of pressure on the its margins, it has taken a different step in sort of focusing on north america. but that may be working towards its advantage, given the acceleration that it saw in the second quarter, which is what is helping the stock here. >> all right, seema, thank you. seema mody. interesting commentary about trading down to lower price points. we're seeing it, you know, not just in chips and soda, but also in airlines and hotels. >> it's good for expedia, but how do you trade it? maybe it is airbnb, which traded down to the november low, was a lousy quart

in the session, airbnb is on track for its biggest drop ever.e are worried about the outlook , what airbnb had to say about its peak holiday season even though some executives took to the social media to tell us things were all right. let's talk about airbnb. what they said was moderation sequentially of growth. the growth wasn't that good in the quarter gone. if you extrapolate, are basically saying, this is the best time of year normally for airbnb. we are worried about what they're saying about business traffic. >> you are right. given a lot going on in terms of holiday planning, they talked about shortening booking windows. to me, the biggest risk with airbnb is not that they don't have -- it is more about the saturation and the accommodations market. whatever new products they have launched whether it is rooms or experiences which that had for a while hasn't really driven and criminal growth. what they told us last night was, look, the growth will be mid-single digit. even the growth will actually taper off because they plan to invest more

airbnb reported weaker than _ come september.bnb reported weaker than expected _ come september. airbnb reported weaker than expected earnings i weaker than expected earnings for april tojune quarter for for april to june quarter for the amid for april tojune quarter for the amid slowing demand in the us. it's outlook for the current quarter isn't much better either. it expects to see short term booking windows globally. that suggests travellers are waiting until the last minute to book trips or experiences with up shares fell 14% and after—hours trading. elon musk�*s social media company x has accused the global alliance for responsible media, a coalition of major advertisers, of violating us antitrust law. the suit alleges that this group, along with its members, which include companies like mars and unilever along with the world federation of advertisers, colluded to suppress conservative voices and withhold billions of dollars in advertising revenue from the platform formerly known as twitter. the bbc has reached out to the d

deirdre bosa is covering all the action at airbnb.s rate. >> whatever it is, brian, it is another data point in the travel and leisure slowdown. it is really that weak third quarter outlook that is hitting shares hard in the after hours. the ceo attributing it on the earnings call to shorter booking lead times globally and signs of slowing demand from u.s. guests which he said has shown up more recently and in july in particular he says the growth of shorter lead times was, quote, very strong. now, despite signs of macro weakness airbnb is in growth mode he says hiring and spending more on advertising, something they say will help them expand beyond its core. a lot of questions on how they're going to do it. he compared airbnb to apple and amazon that began selling only imax and books. he said airbnb is ready to go beyond short-term rentals and into products and services starting next year. that growth push i will note is weighing on margins and finally, brian, it would not be an earnings call without mention of ai. here chesky was me

the company filed a complaint accusing airbnb of negligence. airbnb argued they were not liable and tried to have the case tossed out saying the rules only applies to property owners and not to rental companies. but the judge sided with the family and said that lawsuit can move forward. >>> attorneys for christina porter. she's the 34-year-old mother of five seen in this video, has filed a claim against the city of san francisco for excessive force. security cameras, as well as several bystanders recorded porter's. in that video, officers could be seen pushing porter up against the wall. calling for a thorough investigation of the encounter. they also claim the police department struggles with deep seeded issues of racial bias, overuse of force. >>> the head of the school board unexpectedly threw in the towel today. the board president, a shake up will come in that time and with a district and a looming prospect of school closures. >> well, i'm taking this time and i need this time to take care of myself and prioritize myself and my needs and m

quickly on airbnb, is that an issue of it literally getting more expensive and they'll ask you for a>> they are, in general taking lodging share on the alternative a a combination -- i think it was about the growth and not the margins for airbnb. airbnb hasn't even talked about recently getting into advertising and sponsored listings and they'll reduce the tape rate and that will clearly push margins substantially higher and people are waiting for the shoe to drop and unfortunately they're losing the share game narrative. >> why not kick it across the arc or whatever? airbnb moves by inches and not by yards, kelly and i think they will get there eventually and there are things between now and then like building out experiences. i think that will be a very key component to sort of the next phase, but they have to be smart about sponsored listings, right? airbnb is the great user experience and the minute you introduced advertising to it, that's what's making them take their time. >> i appreciate them taking their time and i know they'll mature. >> i can't think of a single company tha

they're disturbing airbnb guests. they also say they've noticed trash and have found people using their water. others have dealt with people using their driveways, even trying to get into their homes. now some are banding together for change. >> there's a resident coalition called pacifica homes are not hotels. people who are suffering the challenges of living next door to these unhosted short-term rentals. >> city leaders told us they are looking for a balanced solution to address people's concerns. >>> let's turn to our first alert weather. it was a hot day in the east bay. even so, didn't stop some die hard pickleballers. there they are. look at that, paul. boom. hitting the paddles in the courts. >> are you a pickleballer? >> i was going to ask you that. honestly, not. >> a couple of our neighbors have courts in their backyards. >> do you hear them? >> i'm surprised, i don't. maybe they don't use it. >> it's true. >> it was hot. it's going to get hotter tomorrow. >> okay. >> it's not a return to the crazy heat we

lots of airbnbs in the area. bet you get a lot of tourism.bringing that to us. >>> well, with the end of this week's powerhouse road trips. the kind of homes you can get across the country. in miami, the country's eighth largest market, three beds, two baths, 1600 square feet. in syracuse you get more than three times as tch square footage. $1 million in st. louis buy four beds, four and a half baths. yeah four and a half baths and a lot of square feet. as we saw in oxnard, california, one of the priciest markets in the country, a million dollar home, 864 square feet. bungalow. >> which one are you taking? >> oxnard probably. >> yeah. >> i came here from california. >> all the way. >> i don't know about the taxes though. >> yeah. >> that makes miami look better. >> there you have it. over to kate rooney for a news update. >> hey there. ukrainian president volodymyr zelenskyy today fired the commander of the country's air force. the dismissal comes one day after an official said a u.s. made f-16 fighter jet crashed killing the pilot. in a vide

there's no place for party airbnbs. alex also owns a str in pacifica and lives 20 minutes away. he's hoping to find a middle ground where str owners can work with neighbors instead of banning unhosted strs overall. if that happens, then this turns into what is effectively a fight for fair and equitable access to the beach. we host countless families could you imagine you're a family staying in an airbnb, following all the rules, excited about a trip to the beach and going to tide pools, and then seeing what effectively amounts to a xenophobic outsider averse message saying you're not welcome here. it's a clash between the character of pacifica neighborhoods, housing and house guests in this scenic coastal community. it's up to city council to decide where all the signs are pointing to. >ryan >and for a little perspective, a city staff report found complaints about short term rentals represented 0.02% of all complaints from last year. still ahead at noon streaming on cbs news bay area. heat can pose a dangerous threat for student athletes. what one school is doing to protect them

there's no place for party airbnb. >> reporter: alex owns a home in pacific. he's hoping to find a middle ground where str owners can work with neighbors instead of banning unhosted strs overall. >> if that happens, then this turns into what is effectively a fight for fair and equitable access to the beach. we host countless families. could you imagine you're a family staying at an airbnb following all the rules excited about a trip to the beach and going to the tidepools and seeing what effectively amounts to a xenophobic outsider verse, message saying you're not welcome here. >> reporter: it's a clash between the character of pacifica neighborhoods, housing and houseguests in this scenic coastal community. it's up to city council to decide where all the signs point to. >> for a little perspective, a city staff report found complaints about short-term rentals represented 0.2% of all complaints from last year. >>> this last week of august is overdose awareness week and the opioid crisis is something that's drawn international attention in san francisco. overdo

airbnb. >> yes. >> that is getting hit.ng a lot of movement off of earnings, we should point out this morning, and we're going to try to get to the biggest ones we can. >> this is travel. >> it goes back to, shorter lead times, essentially, right? people -- people are booking their trips, not as long in advance, it would seem, at least not according to commentary from airbnb. >> and that is a good tell for the fact that there's a lot of open homes that you can rent. now, i was a little bummed by how negative brian chesky really was -- >> the ceo and founder of airbnb. >> and frankly, he's talking about watching the trends closely. if you are disney, you're doing the same thing. >> yep. >> trip advisor, doing the same thing. so, maybe, andrew ross sorkin, was talking about yolo trade this morning, you only live once, and whether it's over, and i have to tell you, i think it is over. >> you do? >> i do think that unless you're on a cruise where you have to be -- you have to be frugal when you live once. i only live once, so l

and you heard that from airbnb, expedia and booking.her we're dealing with a summer rainstorm or a hurricane. my guess is it's more the first than the latter, but in the meantime, this has always been a high multiple stock. growth rates have been slowing down, that's not a good setup to buy shares, so i'm going to sit on the sidelines. our numbers came down because the near-term outlook got softer. stuart: got it. thanks very much, mark mahaney, on a friday morning. we'll see you again real soon, i cohope. okay, the market is about open, and everybody's got the same question here. we had a huge rally yesterday. are we just going to go down again this morning just as we have for the past week, up and down and up and down? if is that going to happen again? we're off and running. they press the button, and we start with a loss for the dow industrials down about 30 points. that's hardly a loss, that's flat to slightly lower, call it that. but there are more sellers than buyers for the cow 30. most of the -- dow 30. most of the stocks are in

this week, the state senate passed a bill that would require airbnb, airbnb and other short term rental companies to disclose cleaning requirements during the booking process. if the governor signs the bill into law, those rules kick in next july. take a look at this site captured off the coast of monterey bay. wow two pods of killer whales put on quite the show over the weekend for a whale watching group. there's been an increase in orca sightings recently along the coast and they're closer to shore than what we would usually see. marine biologists say the whales are likely searching for food with a peak number of humpback whales now in their foraging grounds off the coast. so you can get the humpback whales. you can get the orca whales. i'm looking at the instagram page right. all kinds of dolphins out there. so now is the time you can go on a three hour. >> you can go on a four hour, you can go all day 8 to 12 hours. that's a long time in september and october, apparently the peak times to see orcas. >> so if that is your jam, then get out there. i'm going. i'm going to find a time t

i would like to hear your thoughts on airbnb. have a buddy who has got 40% of his portfolio in this thing and i am wondering if it is time for him to part ways, given the weak guidance they provided during their most recent earnings call. >> reporter: 40%, that does not have more sense, you cannot do that. the airbnb call was not a good call and it wasn't a good call because they didn't want it to be a good call. it was not us, it was not me making a determination, you have got to avoid airbnb. it was the company. travel is not as good and i think about hotels are too expensive but airbnb, i have to say the stock has to go lower before i can recommend it because i was so shocked at how negative brian was on the call, he is the ceo so he knows more than i do. home depot's conference call told me the housing market is waiting for the fed to rescue it by cutting rakes. i think when they do we can avoid a hard landing for housing. right now we need housing back. we don't have it. gentle this back after the break. >>> coming up, risin

airbnb is seeing signs of slower us demand, shorter booking lead times across the globe. you can see the stock is down close to 14% today. another travel company facing headwinds that reported, trip advisor so the booking platform really missed badly on sales, you can see the stock down also close to 14% today. the company explained the miss with weaker demand, and warned that trend is going to continue into the third quarter. they actually lowered guidance to low s single-digit revenue growth to what we saw from airbnb. finally i want to get to disney. the parks and experience segment really struggled this quarter. operating income down 6% domestically, 3% overall. on the earnings call, management attributed the drop to inflation as well as soft consumer demand that they saw towards the end of the quarter. they also warned that demand would continue to weaken domestically over the next few quarters, not what they want to hear when they are investing $60 billion in that space over the next 10 years. one bright spot i want to end you with, streaming. so the combined stream

taking a look at shares of airbnb, they're down about 16% after delivering a disappointing outlook. a warning and setting up what will be the slowest pace of recovery since 2020. airbnb says consumers are holding off booking overnight stays, and the company is expecting, quote, sequential moderation of nights and experiences. shares down about 16%. >>> we're watching reddit. you can see the shares down 1.5%. out with better than expected sales numbers, current quarter outlook looking at it. the long-term challenges of committing plans that it's stable and of high value. >>> also shares of micro, down more than 12% after reporting quarterly revenue and profit the sales outlook did top expectations. the key this morning is margins and concern its reliance around ai demand and coming in around 11% from its most recent quarter compared to 17% a year ago. authorizing a new 10 for 1 stock split. again, shares down just about 12.5% right now. with futures higher, let's talk about the trading days ahead. our next guest helps lead the global invasion, global dividend and technology funds. go

they're definitely looking tappedded out whether it's airbnb with soft guidance or the air lanes. --down other 30 percent. when people aren't using dating apps, they're tightening the belt buckle. maria: how about discovery? $11 billion loss in the quarter. >> i think the most important states are the swing states, and the republican party needs to continue to reach our base and make sure voters know the peace and prosperity we had under president trump versus kamala harris and walz. maria: lee. >> i can't underscore enough the importance of the economy. a week volatility like we've had is going to lead people to question kamala harris and whether she's going to be able to deliver. maria: it's hard to question what we don't snow, she's not telling dish we don't know, all she does is give talking points -- >> and i think people are going to get tired of that, i agree with you. i think people a going to say, or i've heard enough. it was a great start, but in 2020 the there was a writer who said she's like a great first date, but she didn't deliver on the follow through. maria: we know

liz: airbnb summer vacation getting spoiled and short term home rental stock sinking to the bottom of the nasdaq. what has investors turning over their keys? we'll tell you in just a moment. which presidential candidate will be best for the weed industry? irwin simon ceo of cannabis leader closely watching the candidates and he's coming up in a fox business exclusive and then post-disney earnings top media analyst rich green field breaking down why they're coming right back. the dow down 152 and nasdaq losing 56 and s&p down 12. ♪ when the sawdust settles and the engine roars the thing you care about is a job well done. but when you get your tools from harbor freight something about the job feels different - your wallet. whatever you do, do it for less, at harbor freight. ♪ why do some things have to be so complicated? we don't know either stanley... but at least when it comes to dental care aspen dental makes getting new dentures and implants easier. with the technology and expertise to give you the right fit and $0 down plus 0% interest, if paid in full in 18 months. making things a

airbnb down 13%. they missed sales. they missed bookings. this is a snapshot of some of the stocks that are not working. helping out some of the indexes. his is one reason we are off the lows. that is nvidia. women technologies up 30% -- lumen technologies. there is a 14% shortage. i expect that is some of the move. a bit of a relief for the beleaguered cybersecurity space. nvidia had been higher. this is one of the biggest boosts or drags given what direction the move is. the s&p 500, the nasdaq. given the fact it is lower, that is one reason we are off the high. apple, this one has had a tough time coming out of the pit. up 2.4% today. the chart looks pretty weak. this tech islands not strong enough to think it is going to have real legs. the markets overall are higher. scarlet: apple the first gain this week after the today selloff. thank you so much with that fantastic summary. we spoke with an economist known as dr. doom earlier today. he believes investors are getting too estimate -- too pessimistic. >> the markets are often wrong with

neil: airbnb reported a slowdown in the rental business. reflection of a lot of americans who want to go to europe and go way beyond the united states, but what is going on? >> i would say irrespective of financial conditions in the market americans will invest in two things, one is sporting events and the other is vacations. they both provide the same thing, and escape from the normal ordinary life. neil: whether it is a more popular destination, you are moving swiftly here but 1400 or so properties you have, where are the hotspots? >> we doubled in the last 18 months, have to mentis beach locations in florida mostly due to our operators. i encourage you to visit the embry islands. in oklahoma it is wonderful but it restarted in ski towns of colorado and will serve those people as well. neil: any talk that airbnb could say if he should buy this guy out? >> we are not focused on bringing outside investment, and we could empower young individuals. and investment banking, in communities that is what we focused on. neil: thank you for the time

different to what we heard from airbnb. an interesting one to track.chnology." ♪ hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. >> i am now officially the democratic nominee. >> we were in atlanta georgia. when president biden was on the ballot democrats had conceded to losing the state. now that it is kamala harris, democrats say all seven swing states are back in play. >> she is not somebody i have researched too in-depth. >> she has kind of laid low, but that is kind of what vice presidents do. >> were going to see both democrats and republicans defining her in the ways they want those voters to see her. >> success for harris will mean sustaining the mom

airbnb down 15%, same for lyft. uber and instacart hanging on it gains, 3.5%.and moves in the chip space, super micro down nearly 19% now after missing estimates while amd is up a percentage on a bullish note from piper sandler. >> we start with jamie dimon weighing in on recession fears and recent market volatility. let's listen to what he had to say. >> america's alive and well. there's aentrepreneurs everywhere, they're growing, building stadiums, technology in about every city we do, wherever we go. society's problems, it's uplifting. markets fluctuate. i think people overreact to the daily fluctuation in the market. and sometimes it's for good reason. sometimes it's virtually no reason. and you saw this came way down and went way back up. people are projecting and when they project forward, it affects the markets. we don't know if it's going to be a soft or hard landing. i've been skeptical it's going to be soft. i'm hoping it's soft because does inflation get back to 2%? i'm a skeptic. rate isn't that critical. psychologically there will be a lot of chatt

take a look at shares of airbnb, one of the biggest laggards in the s&p today, having their second worstrecord, down almost 15% after missing earnings estimates and giving weak guidance for a third quarter. the company is warning of slowing demand from travelers, and they're not the only ones. look at what's going on with trip adviser, down 13% after missing revenue expectations. on the call, executives warned of head winds in july and expect that to continue. as a result, they forecast third quarter revenue to be flat, versus the prior estimate of up 5%. trip is the latest to sound the alarm. mgm resorts warning that the grand prix in november may be a head wind. wyndham cutting its forecast. hilton giving weak third quarter earnings guidance and slashing its revenue forecast, as well. hyatt gave a weak full-year profit outlook, and marriott fell short of the street estimate, which brings us back to airbnb. they expect revenues of $3.7 billion at the mid to-point of range. every single company that's reported in the last two weeks has cut their outlook for the key metric of revenue per

we have to remember you're a revision where airbnb - you're a revision where airbnb these were reallyt with hotels near the taylor swift tour, and obviously with a number of football games as well, including the germany euros final. it's a question of businesses like hotels cashing in on this, not always at reasonable orfair in on this, not always at reasonable or fair prices, and it is fair to say for these oasis funds, they may be looking back in anger. paris is promising a game to remember, the sermon he got under way recently. the uk prime minister sir keir starmer and other world leaders are there as well. sporting events begin on thursday with the first of the 549 gold medals up for grabs. the games which opened 2.5 weeks after the highly successful 0lympics opened 2.5 weeks after the highly successful olympics will run until september the 8th. this is one of the friend zone started around paris where people are watching the opening sermon he. 0rganisers estimate that around 50,000 people watching the sermon he, and they would see i run 4500 athletes and what is being described

a bill on the governor's desk is trying to add more transparency to airbnb bookings.his week, the state senate passed a bill that would require airbnb and other short term rental companies to disclose cleaning requirements during the booking process. if governor newsom signs the bill into law, those rules would kick in next july. >> in the east bay county, crews are going door to door on the hunt for a dangerous mosquito. officials in contra costa county say they have found an aedes aegypti mosquito in a trap in north concord. while the invasive bugs haven't been recorded in the county in two years, they tend to bite people during the day and can transmit diseases including zika, yellow and dengue fevers. crews will be going door to door in the north concord area to look for more signs of these mosquitoes. they want to eradicate them as quickly as they can. on the other side of the country, a man in new hampshire has died from a rare and deadly virus spread by mosquitoes. the man tested positive for eastern equine encephalitis, also known as triple e, this year, the c

. >> airbnb bookings to change. you might see when you're looking for a place to stay on the platform and taking it back to the 90s, the new flip phone you can buy aimed at he us has a new job out of state. the commissioners in bernalillo county, new mexico, approved chavez's contract as county manager. she's been a major player in the south bay for years, serving on the san jose city council and the santa clara county board of supervisors. she unsuccessfully ran for san jose mayor twice, most recently in 2022. in this new role, she returns to her home state, managing the county that includes albuquerque. >> it's very bittersweet. i don't think i actually knew exactly what that word meant until now. and, you know, and i it's something that, i'm still sort of processing, to be frank with you, because, you know, i love this place, and we've done so much to build it up, and this will always be my home. >> chavez will start her new job in november, by which point south bay voters will have elected her replacement. >> go

airbnb reported weaker than expected earnings from april tojune amid flowing demand in the us. outlook for the quarter is not much better. they expect to see shorter booking windows. that suggests travellers are waiting to the last minute to book. shares fell. ride sharing giant uber reported strong earnings april tojune. steady demand coupled with strength in markets like latin america and here in the asia—pacific helped drag the solid result. uber�*s stock was up 5% on wall street. elon musk�*s x filed an anti—trust lawsuit against an advertising group and several companies including mars and unilever. the social media company said the group colluded to discourage brands from advertising on the platform, once known as twitter, costing it billions in revenue. the bbc has reached out to the defendants. we have not heard back. x has the global alliance for responsible media, a coalition of advertisers of lating us anti—trust law. the suit alleges this group along with members which include companies like mars and unilever and the world federation of advertisers colluded to suppr

. >> reporter: 65 years later, it's an airbnb, and david and cheryl are among the first guests in thene of five beatles themed bathrooms. >> we haven't gone beatles-tastic, just a sprinkle. of each beatle in each suite. >> reporter: he transformed it with his brother pete, the original beatles drummer. >> they played here, slept here, partied here, it's unique, nothing else like it in the world. stars on the ceiling put by them. >> reporter: the beatles performed at the club more than 40 times. >> if there hadn't have been a casbah, there wouldn't have been a beatles. it was the starting point where john, paul, george, stuart met pete and all five came together for the original lineup of the beatles. >> reporter: and all these years later, new generations can get back and let it airbnb. tina kraus, cbs news, london. >> just can't get enough of the beatles. and that's today's "cbs news roundup". for some of you, news continues. for others, tune in later for "cbs mornings" and follow us online anytime at cbsnews.com. reporting from the cbs news broadcast center in new york city, i'm sha

but we've had weak numbers from airbnb, we've had weak numbers from tripadvisor, and this is really,y, fuelling the flames for concerns about us macro. they cited that they are seeing low income households being particularly under stress. that's the biggest driver for the 4.5% fall in the stock today. in other news, trading platform, robinhood, topped expectations for earnings in the april tojune quarter, after renewed interest in meme stocks and cryptocurrencies. the app, which is popular with retail investors, saw a surge in trading volumes after the return of investor roaring kitty in may, which reignited interest in shares of video—game retailer, gamestop. revenues rose nealry 70% to over $300 million last quarter, sending the stock up 3% in after—hours trading. a us federal court ruled this week that google violated antitrust laws, and that it's monopoly over search was illegal. google says it will appeal the ruling. the case hinged on charges that the search giant used its dominant market position to crush potential rivals. for some the ruling is a warning shot to other big tec

a bill on the governor's desk is trying to add more transparency to airbnb bookings.s week, the state senate passed a bill that would require airbnb and other short term rental companies to disclose cleaning requirements during the booking process. if governor newsom signs the bill into law, those rules would kick in next july. >> in the east bay county, crews are going door to door on the hunt for a dangerous mosquito. officials in contra costa county say they have found an aedes aegypti mosquito in a trap in north concord. while the invasive bugs haven't been recorded in the county in two years, they tend to bite people during the day and can transmit diseases including zika, yellow and dengue fevers. crews will be going door to door in the north concord area to look for more signs of these mosquitoes. they want to eradicate them as quickly as they can. on the other side of the country, a man in new hampshire has died from a rare and deadly virus spread by mosquitoes. the man tested positive for eastern equine encephalitis, also known as triple e, this year, the cdc

but we've had weak numbers from airbnb, we've had weak numbers from tripadvisor, and this is really,y, fuelling the flames for concerns about us macro. they cited that they are seeing low income households being particularly under stress. that's the biggest driver for the 4.5% fall in the stock today. a us federal court ruled this week that google violated antitrust laws, and that it's monopoly over search was illegal. google says it will appeal the ruling. the case hinged on charges that the search giant used its dominant market position to crush potential rivals. for some the ruling is a warning shot to other big tech companies that us regulators are watching very closely for any moves that would curb competition. but antitrust law expert rebecca haw allensworth told me why she thinks that might not be the case. it's the temperature of things right now, you know? we know that this is what one judge thinks of a case against big tech. and i think it's likely to be kind of a sign of how other courts would view similar arguments. the biden administration has four other major monopoliza

airbnb is now at 125 from 170. nvidia to buy with a 120 price target, pierre ferragu saying that it is a buying opportunity and joins us more. great to catch up with you. an upgrade on the stock after the big correction into the weekend. some wild swings we have seen over the last week or so. particularly. why do you think this is a good entry point or opportunity? pierre: it is a good opportunity because we had a bit of an overheating in ai related stocks. we grew three or four weeks on the back of that, and specifically on nvidia, our concern was that we are basically getting a slack to be ahead of where supply chain was in terms of capacity and well ahead of production and so what happened the last couple of days is you have had to look at the news flow as the next generation, be it being delayed, and that creates a counterintuitive situation, where if it is delayed, it creates a bit more leeway and a bit more room to do more so we actually think it makes meeting expectations for an end-of-the-year safer than it

yeah currently, beth miles, airbnb renters are not entering our property anymore.hey are going through her front doors. so this this should be good news for her. she's allowed suite with her renters going through her front door. it's her prerogative nothing in our code that says that she can have access to our exclusive use property, give her renters airbnb renters access to any part of our property. the easement, driveway or otherwise. we are now able to s better, feel a bit safer knowing that she knows that this is the r thing to do. however, we still have a lot of work as neighbors, some of which might be working together to design and build. a fence or other permits, but we've learned a lot. we learn. we hope beth miles and her team feel the same way. thank you for listening. okay. thank you. did the planning department want to weigh in? good evening, president lopez. commissioners. corey teague, zoning administrator for the planning department specific question of the rehearing request, i would just note one thing that was already raised which is on theat wasn

meaning people are waiting proceeding airbnb in early august?there's shorter booking lead times they see. how worry some is something like that? >> well, that booking window is not expanding quite as fast and consumers are spending take ago bit more time to plan and book before they pull the trigger, and that in near reigns leading some folks -- in theory they believe that'll bet them a better deal and in some instances not always and in the airline waiting for the last minute can be a much more expensive premise. liz: what are you seeing as to where people want to go and what they're spend something >> yeah, a few key things and people are prioritizing events and sporting events hit the top of where people want to travel, college football is back in play, major league baseball in full swing and we've got u.s. open happening in new york and new york is a top destination and people still going for a top destination and beaches are still really hot right now, no pun intended. that's where people want to go with a last beach vacation of the year an

before the pandemic, anthropic, you have scale ai senting space from airbnb. and sierra is close to where we are now, home to apple. openai has 500,000 square feet. this land grab is a result of some of the rapid hiring. and tech, it's really been concentrated on market stress. elon musk making that clear this week, shutting down their headquarters. so ai is considered to be one of the cool parts of the town. mission and mission bay have been the epicenter of ai depanldz. [ inaudible ] >> it's really hard to be down there, because maybe >> the city does still lead the nation in office vacancy, above 34%, but ai demand is expected to continue. it could at least improve some of those bleak statistics. >> kate, you did a good job earlier answering both questions, whether we are in the cool part of town. >> i would say yeah, kind of. we're technically on market street. >> exactly. the cool part of market street. it just doesn't feel like this is enough. it's a great trend, and a lot of technology and founders are coming back to san francisco, but we're seeing smal

i thought airbnb was a good market but consumers are under pressure that they seem -- if you brought your home with a high mortgage rate in the last couple of years, you will charge more to rent it and it may be does not get taken. you cannot rollback prices in the central office but i sent inflation is coming from we know consumers are strange sometimes and making choices, spending a lot on uber, and willing to pay is -- through the nose for the delivery. different things occur during covid, the consumer learn to love the convenience and does not want to give it up. they call it normalization. the end of exaggerations because of covid or the post- tran01 supply-chain, the consumer got liquid from doing nothing from the pandemic and was willing to accept the higher prices at the parks. no longer the case with an empowered consumer. that consumer will force rollbacks on price by voting with their feet. i am not going to take it anymore, mad at some options and happy with others because they are cheaper and better. the fed can rejoice and stretch the time to cut rates until it sees the

airbnb shares are down.he company reported earnings it missed expectations, warned that it's seeing signs of slowing demand from u.s. customers. the company said it expected moderation in year-over-year growth in its key nights and experiences category. it also cautioned it was seeing shorter booking lead times. shorter booking lead times. i know we just did something, andrew. there's places where it definitely makes sense, you know what i mean? places where i would rather be pampered by the great staff at holiday inn or motel 6 or whatever, red roof. but then there's other times where you're on your own. you don't need that waffle breakfast maker you can do yourself on the free breakfast that you get at a quality inn. >> have you done an airbnb? >> i said we're doing it again, and, yes, we did it twice last year when we go to telluride, in fact. >> it works out for you. >> it's unbelievable. >> there you go. >> but you've got to take care of your own breakfast. you don't have a waffle maker, right? did you

this is an airbnb you guys in littleton, massachusetts. much of it is open air, but you can camp out in a life sized action park tent for the night. >> guests can book one of three one night stays from september 12th to the 14th for four guests at $89 a person, that's affordable. >> pas la la la. >> polly. it features only one private half bath, though, so bring your dude wife's. >> are the beds also made of plastic or andrew can loan him you guys got a pumpkin spice pumpkin spice flavor for august? i don't know if they're flavored. i don't know, scent it not flavor. >> don't eat. the dude bites. finally to another life size toy stealing the show. this mascot was caught on camera throwing down some serious moves at a theme park in bangkok, thailand. >> wow. it happened at the chocolate ville park, a european themed restaurant park serves thai, asian and european cuisine. >> i think he ate some dude wipes. >> he's trying to shake him off. >> i think he's going to need some dude wipes. >> or is this combat dancing? oh, are they fighting for

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airbnb, instacart and reddit in big names and we'll run you through the key things to watch after thisak. a quick programming note, do not miss, boy, what timing for this. jamie dimon, j.p. morgan chase ceo. it's an exclusive. it is tomorrow and it's at 1:00 p.m. "the market zone" is next. are you keeping as much of your investment gains as possible? high taxes can erode returns quickly. at creative planning, your portfolio is managed in a tax-efficient manner. it's what you keep that really matters. book your free meeting today at creativeplanning.com. lyles will need a good leg here. can he deliver? it's what you keep that really matters. here comes the pass! look at this kid! coming in tight on the line. team usa, what a run! it's gold for team usa. noah lyles with another gold medal. in case there was any doubt, who was the breakout star of these world championships. so this is pickleball? it's basically tennis for babies, but for adults. it should be called wiffle tennis. pickle! yeah, aw! whoo! ♪♪ these guys are intense. we got nothing to worry about. with e*trade from morgan sta

she's allowed to run her airbnb suite with through her front door. it's her prerogative. however, there is says that she can have access to our exclusive use property, gib renters access to any part of our property. the easement, dr now able to sleep a tiny bit better, feel knows that this is the right and legal thing to do. howeve of work as neighbors, some of which might be working together a fence or other things that don't needut we've learned a lot. we still have things to miles and her team feel the same way. thank you for listening. did the plan? good evening, president lopez. commissioners. corey teague, zoning administrator for the planning department, just on the rehearing request, i would that was already raised which is on the grounds of kind of new a discussed or presented at the last hearing. and that really ise prohibition f a permit is denied, you typically when a permit appe the board more or less have three options. you can deny can grant the appeal and modify the project or add conditionsgrant the appeal and deny the permit the is that it does come with

trade balance figures and earnings from uber, reddit and airbnb.rnings from disney and left. friday, china and earning numbers. my final thought i want to look at the wild market moves because if you thought the vix was flying so is the move index. we look at how much volatility is seeping into the markets and on the move we are back above 100 and on the vix well above the 25 handle. that sets up from an interesting week. that doesn't from us, same time, same place next week. this is bloomberg real yield, and this is bloomberg. ♪ lmnt. more electrolytes. zero sugar. you feel the difference when you get it right. stay salty. ryan t. writes, "moving is stressful. can you help me take one thing off of my to do list?” ugh, moving's the worst. with xfinity, you can transfer your internet in just a few taps. just a few easy moves. did somebody say “easy moves”? ♪ ♪ oh no. no, i was talking about moving your internet. this will move the internet. ♪ ♪ ooh, ooh. -let's keep it professional. professional dancers! -ok! stay connected during your move with the

and finally, airbnb is thinking of adding luxury services like massages and chefs, people rent an airbnb home. we have an option to add on services much like they could at a hotel. other options under consideration. the ease of check-in and transportation from and to an airport locally anyway, when feasible. live from the nasdaq market site. i'm joy back to thank you. joya. 7.21. is the time. >> lawmakers now working on a new state bill which will find insurers if their list of in-network providers aren't up to date are accurate. the office of the bill's author says that studies found smaller health plans have inaccurate rates as high as 80% and major plans have been accurate information from 20 to 38% of its providers. fines would be up to $10,000 for every 1000 enrolled customers each year. the bill also says the patients who mistakenly used an out of network doctor due to an inaccurate bit of information from the providers list cannot be charged out of network rates. it's 7.22. and coming up on the kron 4 morning news, the south a woman is sentenced for selling produce infested with.

>> i agree with airbnb consumer is not the way to play a.i. the way to play a.i. is enterprise.t's because enterprises can increase productivity and drive down costs. we have examples, microsoft, perfect enterprise company, leader in a.i. revenue, apple is the laggard as a con suiter company. tesla, consumer company, laggard. palantir, enterprise company, accelerating growth on a.i. right now consumer is not the way to may play a.i. enterprise is the way to play a.i. charles: beth, always great having these conversations with you, thank you very much. >> thanks, charles. charles: all right, folks so the sahm rule by now it is a household word. still not exactly everyone understands except it is associated with recession. is it the right signal? is it telling us the right thing right now? we have the creator of the rule herself, claudia sahm, my special guest next right after this. ♪. it's odd how in an instant things can transform. slipping out of balance into freefall. i'm glad i found stability amidst it all. gold. standing the test of time. ♪limu emu♪ ♪& doug.♪ and if we win,

airbnb has slowing domestic demand. this quarter, and a shorter booking window. what does that meansome travelers are saying we have enough money to to take that vacation, so they're waiting until the last minute and then booking the trip if they decide they can do it. and in the last quarter, there were good signs. i mean, they had the olympics, the euro cup in germany. so especially in europe their profits were strong, but it's the forecast that's hurting a lot of these companies today. stuart: a.i. ain't isn't -- doing much for air b if n if b, is it? >> the market will punish you on any given reason. especially this week, down 14%, they had a good quarter. it's on future guidance. you will be pun punished. 14% and they beat earnings, that's crazy. stuart: it sure is. >>> all right, coming up,. >>. d -- j.d. vance calling out kamala harris' liberal border policies, giving illegal migrants free health care and free food. >> what president trump and i want to do, which is lower people's grocery price, close down that b