in asia.to nate hear what he said about the potential of the china market for airbnb. >> we have beenting to china recently. chinese travelers are going all the way around the world, the fastest-growing segment for international travel. we have a big campaign there now. growth in singapore and elsewhere is a result of chinese travelers using airbnb to explore the world. emily: you wonder if they are running into the same challenges of opening a business in china every other u.s. technology company has faced come out like google and twitter, who were blocked in china. have those challenges been, as yet, insurmountable. olivia: they are astronomical challenges. you are dealing with government regulations that often feel extreme to u.s. company. all sorts of competitive moves from these copycat companies that really have a strong ground game in china. also, hiring is very, very difficult. challenges airbnb faces is hiring someone with that entrepreneurial, scrappy sense, who is also comfortable playing by the rules and following government regulation. any idea who have might replace them

all right, there are new formerments -- airbnb's china had. -- head. a coat of content -- by dating a subordinate after only four months on the job. bayer is making a big bet on agriculture technology that could develop self brutalizing plants -- self- fertilizing plants. a quick programming note -- carly fiorina, former hp ceo, joins the "bloomberg daybreak america" team at 7:30 a.m. eastern time. this is bloomberg. ♪ spacex, google, and tesla topped the list of most appearing companies for tech workers. notably missing from the top 10 were amazon, uber, and airbnb. only two companies -- canada's another -- were outside of california. bayer beat analysts' estimates with its proposed $66 billion acquisition of monsanto. e visited a and must new section of the company that is investing in the growing world of agricultural technology. reporter: something is growing at bayer. >> we believe we have the responsibility to solve the big issues. according to the bayer life science center, one of the big issues is reinventing how health props grow, an effort to

airbnb in china look into this presence in japan to take advantage of the tourism boom. the number of properties available to about 100,000 by 2019. they have 10,000 now. and the home cherry market expanding after clearing the hurdles earlier this year with regulations and it is straining the hotel industry. no doubt. and tokyo olympics coming up in 2020 as well. pressure building on the federal bank in india to provide a boost to the slowing economy. the prime minister's government has seen chaos at of the goods and services taxes, while there is a fallout from the cash ban. the next guest lowering her gdp growth forecast for the year. she leads asia economist at oxford. thank you for joining us. what do you make of the meeting on wednesday, they are caught between a rock and a hard place, aren't they? >> i think you put it well. at least for the economists, there was not much of a surprise in the last two of their meetings. to steer clearly tried our expectations in terms of inflation targeting, and to that extent given inflation has sprung back up, it is not the level

meanwhile, home—sharing app airbnb is doing extremely well in china!th china morning post says the central government's new two child policy means a surge in newborns and that families want to holiday in the comfort of homes instead of traditional apartments. and, finally, singapore has introduced a bill to raise the legal smoking age to 21 and ban e—cigarettes. the straits timees says it's part of a plan to stop young people taking up smoking. so let's begin. joining me now isjoseph sternberg, the europe editor of the wall streetjournal. good to see you. let us start with a depressing story, the latest depressing story, the latest depressing story, the latest depressing story from america in terms of gun massacres. what will it ta ke terms of gun massacres. what will it take for america to lay down its weapons? that is the question. certainly, a lot of people in europe are asking that question.” certainly, a lot of people in europe are asking that question. i think this is such a compensated issue in america and it is also not clearly a pa rt america

china? it wasn't known. over the last several years we have proven that airbnb is hugely popular all over the world. 191 countries. we are focused on china. we see that as a huge emerging market. there are 400 million millennials in china part of the middle class and eager to explore the world. haslinda: the thing is that although there is great potential, there is great competition. companies starting up wanting to be the next airbnb. what do you make of the competition? it's a complicated market. nathan: complicated market and for the fierce competition it is famous for. our approach for china is to focus on our unique strengths. one of our unique strengths is that we have homes in over 191 countries. none of our domestic competitors have that global network. so we have really positioned ourselves as the only way for chinese millennials to travel abroad and authentically experience culture. so that is our value proposition. and no one else has that. it has allowed us to become popular and experience a lot of growth. ♪ haslinda: how does it feel to be a billionaire? nathan: it's not something i expe

company or china company, at the end of the day, consumers choose the right product for themselves. is an investor in airbnbllenges in china, including regulation and loss of local competition. are they cracking the chinese market? are they avoiding the mistakes uber made? they're entering china at a time, this is a market that is still very nascent. from arefore, available, market entry perspective, open to new entrants and participants. the company is doing a great job in terms of localizing themselves, talking to the right people, the right companies. making sure the product works and is suitable for the local population. selina: thanks, jenny. back to you, julia. julia: that was selina wang in laguna beach, california. scarlet: is the bull market getting ready? , how toisk strategy protect your portfolio. from new york, this is bloomberg. ♪ joe: "what'd you miss?" in full swingt is with the dow, s&p and nasdaq sitting at record highs, year to date. believe wevestors are reaching a turning point in this eight year run. joining us now with signs of an aging bull market is mebane faber from cambridge inves

china part of the middle class and eager to explore the world. >> although there is great potential, there is great competition. companies starting up wanting to be the next airbnbyou make of the competition? it's a complicated market. >> complicated market and fierce competition it is famous for. our approach for china is to focus on our unique strengths. we have homes in 191 countries. none of our domestic competitors have that global network. we have positioned ourselves as the only way for chinese millennials to travel abroad and authentically experience culture. that is our value proposition. no one else has that. it has allowed us to become popular and experience a lot of growth. ♪ haslinda: how does it feel to be a billionaire? >> it's not something i expected. it's easy to give money away, but to do that in a way that has a maximum benefit requires a great deal of thinking. ♪ ♪ >> i want to talk about how you grew up. mom's a homemaker, dad's an engineer, and he had a huge influence on you growing up. that is why you talked about picking up an engineering book. that helped change everything for you. >> it started before then. dad taught me a few things.