that's why air bnb comes in.hen you rent a place on their platform, you control the platform of the whole duration you get there and you give the place a scrub down and maybe some lysol and you kick back and you rel.a. you relax. we started hearing air bnb is doing well suddenly the stock is ready to become public. they have a terrific platform. they cracked the code getting strangers to trust each other thanks to the system's reviews some people think it is not generous enough, i understand. many others think they're happy to have refund at all. before covid came along, this company is taking everyone by a storm. they could be dealing with a $3 trillion market i agree wit. unlike a lot of these unicorn stores, air bnb is real disciplined when it comes to spending they sus ppended nearly all salary even air bnb is potassiumabumme covid, the business is in a great shape. air bnb is the ideally social distanced vacation play, that number recovered by june, it was down 20% that's the good news the bad news, it has n

would you buy air bnb stock at 144 a share?i would differently, air bnb is set up for the post vaccination world where people would be traveling and they have done a great business during covid. you think about consumer brands going forward. air bnb has become a verb for both hosts and guests. so to be part of the permanent 21st century economy >> it's tim. would you say air bnb was helped or hurt by covid if you look how they were pitching this deal, they were making it seem as if this was a friendly way to travel the irony is that they seem to have benefited from covid. >> if you would have told us in february that air bnb wasn't going to be a public company, we would have been shopped acked a you had told us it would be a public company in june, we would have been shocked. they were negatively impacted by covid, more cancellations than bookings, but as all of us adapted, the company adapted a quarter of its bookings are for 28 days or more. so this work from home culture, air bnb has co-opted and worked. they have captured t

>>air bnb officials say they're taking the pandemic part.ly all these to our >>to to keep people because last hour of the line think we you know the stakes are the company did a crackdown last week on party houses meaning listings that were allowing gas to hold large gatherings think we've seen. >>i'm sure you reported you know the role that you know house parties can play in creating a dangerous environment currently and potentially spreading this virus. the plan for there to be more party how sweeps last year air bnb announced a global ban on party houses in launched a 24 7 hotline for neighbors to complain. >>covid-19 added another layer to their restrictions public health comes first the company will look at a user's history of reviews when deciding if they can rent an entire home for a single night on new year's eve. right now anyone under the age of 25 can also not reserve an entire home in the city they live in we've been kind gradually escalating and on our approach here saying the vast majority of their users don't create problems b

>>that same issue air bnb has suspended at least 30 short term rentals in palm springs.ve after complaints of violations air bnb says it complaints about short term rentals reached an all-time high in palm springs, this summer. the company is now trying to crack down on those party houses and it says it's taking steps to curb large gatherings and parties during the pandemic in addition to the suspensions. neighbors can call the company operated hotline to report parties or problem properties. and so up next a new app to track potential side effects we're going to show you how it all works a lot of people interested in hearing that plus how lawmakers intend to respond to the president's veto. >>of the national defense authorization act and how doctors across the country are reaching out to communities of >>for your health tonight, the covid vaccine and mistrust there is a sense of hesitancy among some people in minority communities that's right because the past plays a critical role. >>or distort a reports. >>one doctor khalili gates rolled up her sleeve for the covid-19

for that matter hey, stay at a air bnb and use the dasher they're not snow flakes. they can't handle it they got too much business their software survives client support. then train them up rather than meaning to hire or bidding for expensive stanford graduates with computer science degree does the school have computer science? yes, they do but people love stanford because it is like really cool. when snow flake came public, there was nothing accidental about this explosive opening with door dash you don't need computer science. i got to presume that buyers didn't expect to pay so much judging by the decline and the nasdaq away from the dasher, they were not capitalized as it needed to be that's what you saw. remember it was really the nasdaq that they did the selling, right that's the same kind of guys and at the same time the money management got a piece to deal why the heck not they're up 80% they're expected to drive this thing from $150 over the course of the month how could they not want to sell? that's why door dash quickly roll over and quickly jenga. at tha

air bnb plans to list on nasdaq under air bnb. >> door dash is up 85% from its ipo price. but after such a big jump is it too late for retail investors to get in apparently not look at this from renaissance capital. the average day one pop is 30%, but they have gained more than 25% after the first day pop for a total return of nearly 70% grasso, in years past we have talked about the retail investor if you had bought after the first day, would you have been in the money >> what happens, when you have a market at 13% and going off a cliff, in any environment people try to perform a lot of these ipos are kwaquas risky. but when you look at air bnb, people are not going to go to the same vacations they have once before. i think this one has a better shot making it than it would have prepandemic >> it is a perfect time for a door dash or air bnb to go public guy, are there one or two ipos you would consider buying at this point >> snowflake made no sense to me, but it is become more apparent it is interesting i think door dash will be an interesting company as well. i do think

. >>> and with the town of truck he and other tahoe towns begging air bnb to help keep visitors away.s are a time for giving. to your friends... your family... to your teachers. in that spirit of giving, chevy's proud to give our employee discount to everyone. the chevy price you pay, ...is what we pay. not a cent more. because giving, ...and giving back, is what the holidays are all about. use the chevy employee discount for everyone to get a total value of over eight thousand four hundred dollars on this silverado. get the chevy employee discount for everyone today. >>> millions of americans are traveling for the holidays despite warnings from health officials from coast to coast to stay at home. the seven-day rolling average of covid infections in the u.s. has increased from about 176,000 a day before thanksgiving to more than 215,000 now. experts say it is too early to know how much of that current increase is due to thanksgiving gatherings. this week many travelers are waiting in long lines trying to get a covid-19 test. >> i think we are all scared of covid, you know, doing our

world of hurt if we didn't get another stimulus unless you got it in on the ground of door dash or air bnb if we do get a stimulus next week, stocks can come roaring back most of us starting to give up with the government. another unemployment to match the latest of the outbreak and instead we have a new hook though the fda approving the first vaccine from pfizer. get ready because this thing is almost certain to be approved whether it happens tonight or over the weekend then the chaos will begin as each day tries to figure out who should get vaccinated first? we have another bit of drug news on monday. one of my favorite companies abbvie is holding a meeting tact talking about their franchise. if abbvie can present good numbers for newer drugs, that would take the pressure off that drug and the company i think the stock can soar and it got a lot of growth i told you to buy that chewy with both hands. we spoke to the ceo this week and the stock hit a new al time high today up to $7.85 on tuesday, we have an analyst meeting for the stock and that's elanco the stock can play catch-up. wednes

>>air bnb officials say they're taking the pandemic seriously all these to our part. >>to to keep people because blacks are on the line and i think we you know the stakes for the company did a crackdown last week on party houses meaning listings that were allowing gas to hold large gatherings think we've seen. >>i'm sure you reported you know the role that you know house parties can play in creating a dangerous environment currently and potentially spreading this virus they planned for there to be more party how sweeps last year air bnb announced a global ban on party houses in launched a 24 7 hotline for neighbors to complain. >>covid-19 added another layer to their restrictions public health comes first the company will look at a user's history of reviews when deciding if they can rent an entire home for a single night on new year's eve. right now anyone under the age of 25 can also not reserve an entire home in the city they live in we've been kind gradually escalating and on our approach here saying the vast majority of their users don't create problems but they w

>>air bnb officials say they're taking the pandemic seriously we all need to do our part. >>to to keep people because last hour of the line think we you know the stakes are the company did a crackdown last week on party houses meaning listings that were allowing gas to hold large gatherings think we've seen. >>i'm sure you've reported you know the role that you know house parties can play in creating a dangerous environment currently and potentially spreading this virus. the plan for there to be more party how sweeps last year air bnb announced a global ban on party houses in launched a 24 7 hotline for neighbors to complain. >>covid-19 added another layer to their restrictions public health comes first the company will look at a user's history of reviews when deciding if they can rent an entire home for a single night on new year's eve. right now anyone under the age of 25 can also not reserve an entire home in the city they live in we've been kind gradually escalating and on our approach here saying the vast majority of their users don't create problems but they want to

>>if you booked an air bnb for the holiday season. you may not be able to get your money back air bnb says any reservation book prior to march 14th when the pandemic began is subject to air bnb is cancellation policy any reservation book after march 14th is subject to the hosts cancellation policy air bnb says many are flexible but as a refund can only be funded if the host agrees in most cases. so if you're planning to cancel your air bnb reservation air b b says you should consult with your host on their cancellation policy. >>for sports. major league baseball in all 30 teams looking to recoup billions of dollars that they say they lost during the 2020 season because of the covid-19 pandemic back in october the league and all 30 teams sue their insurance companies saying that the losses should be covered under insurance policies. that lawsuit was filed in alameda county superior court back in october. but the details just made public yesterday. major league baseball says it lost money on on sold tickets concessions parking luxury su

this could be the cheapest of them all air bnb comes pretty close to have a monopoly.ess took off from covid hit. staying in someone else's house is safer than staying in a hotel. who to say this stock can't double again if they keep up the growth > not me i trust brian chesky, i think he got it figured out snow flake and air bnb they are easy to justify even on the high-risk, hey, two out of three is not bad. we don't have a whole group of recent ipos boasted bayy euphora that's not so hard i like to say there is always a bull market some where and i promise to find it just for you right here on "mad money." i am jim cramer, >>> i'm shepard smith on cnbc, and this is "the news. many. >> we likely will see shots in the arm by the very early part of next week. >> a second vaccine on the verge of approval. what makes moderna different, and why it's a game-changer for rural america. >> talks remain productive. >> government shutdown delayed congress working to finally deliver disaster relief. tonight, what it will take to get the deal done. >> i'm excited about getting th

air bnb says many are flexible.s is a refund can only be funded if the host agrees in most cases if you are playing to cancel your air bnb reservation. air bnb says you should talk with your host on their cancellation policy. >>new warnings tonight from top business organizations about protecting your money scammers trying to make a quick buck by taking advantage of americans right now through schemes involving misinformation about coronavirus vaccines. tom negovan has more. >>you have the chance to avoid anticipated long lines to get a single dose of the pfizer covid vaccine so to your home for a one-time payment of 7999 that is one of the new back seen scam robo call if you're wondering who would be full by that it happens a lot hello and you can't believe someone would stoop so low trying to scam the unsuspecting during a deadly pandemic. >>whatever criminals can do to hit that nerve that forces you to do something. >>no do it security experts see it all the time, especially around the holidays, but this year wit

>>about what the rules really are that goes for large outfits like air bnb and vrbo which can act as conduits of information to property owners and guests that helps out overwhelm local law enforcement not equipped to police state and local covid rules. >>even before the pandemic communities have been to air bnb to discourage large rowdy parties said rentals that sometimes result in violence. they responded by banning large house parties. tao officials say that's the kind of responsiveness expect weather that's during the pandemic or just the rest of the time when short-term rentals are a vital part of our. >>our industry up here and serving visitors, the companies have already responded to the letter of concern said they would send along the message. what the stay at home orders are and hopefully their owners pay attention to that. but there are still thousands of rentals and that don't go through online brokers meanwhile, tahoe officials say it's still a welcome destination for one day visitors. we love getting our day trippers we have a lot of areas for them to enjoy themselves an

>>air bnb officials say they're taking the pandemic seriously all these to our part. >>to to keep people because last hour of the line think we you know the stakes for the company did a crackdown last week on party houses meaning listings that were allowing gas to hold large gatherings think we've seen. >>i'm sure you reported you know the role that you know house parties can play in creating a dangerous environment currently and potentially spreading this virus. the plan for there to be more party how sweeps last year air bnb announced a global ban on party houses in launched a 24 7 hotline for neighbors to complain. >>covid-19 added another layer to their restrictions public health comes first the company will look at a user's history of reviews when deciding if they can rent an entire home for a single night on new year's eve. right now anyo-e under the age of 25 can also not reserve an entire home in the city they live in we've been kind gradually escalating and on our approach here saying the vast majority of their users don't create problems but they want to wee

i like air bnb hotel industry will be around.nk you have to buy air bnb right here >> it may not make a great investment at current prices tim, where are your thoughts >> you talk about current prices i think that's actually what it comes down to for me i hate the valuation, i think there needs to be some consolidation here totally different industries on the same level they also were revolutionizing transportation as a service uber, it took a long time for ip investors to understand the valuation before you built the base here. i think you have to see the same thing in air bnb ipo is extraordinary ecvent and extraordinary for me i find it uncomfortable. >> you talk about great investors of the 24th century. he's on that list. air bnb was one of them. we ask them to spot the same question he did not hesitate. he still liked it here if it is good enough for rick heisman who knows the space called is good enough for me congratulations and stay with it >> we get a lot of questions on reopening trade and travel trades within broadly.

air bnb, largest ipo this year. the top republican says he won't support a coronavirus relief bill effectively killing the bipartisan effort for now. senator mitch mcconnell calling it controversial state bail outs and said some republican colleagues won't support it. mcconnell wants liability protection for businesses facing potential covid lawsuits, something democrats object to. >>> jay z joining snoop dog and willie nelson in the cannabis business. there are four different strains of cannabis that come packaged in prerolled cigars, joints, and cans of flour. for more, head to cbsmoneywatch.com. i am diane king hall. >>> a live look outside union square in san francisco this morning. the menorah was lit to mark the first night of hanukkah. in any other year people would be gathering in person but to keep crowds away and tradition alive, it is on facebook every night. let's go back to darren for more details on the potential rain. >>> it's getting here later today and then again into sunday morning. i am going to

>>about what the rules really are that goes for large outfits like air bnb and vrbo which can act as conduits of information to property owners and guests that helps out overwhelm local law enforcement not equipped to police state and local covid rules. >>even before the pandemic communities have been to air bnb to discourage large rowdy parties said rentals that sometimes result in violence. they responded by banning large house parties. how officials say that's the kind of responsiveness they expect weather that's during the pandemic or just the rest of the time when short-term rentals are a vital part of our. >>our industry up here and serving visitors, the companies have already responded to the letter of concern said they would send along the message. what the stay at home orders are and hopefully their owners pay attention to that. but there are still thousands of rentals and that don't go through online brokers meanwhile, tahoe officials say it's still a welcome destination for one day visitors. we love getting our day trippers we have a lot of areas for them to enjoy themselv

>>about what the rules really are that goes for large outfits like air bnb and vrbo which can act as conduits of information to property owners and guests that helps out overwhelm local law enforcement not equipped to police state and local covid rules. >>even before the pandemic communities have been to air bnb to discourage large rowdy parties said rentals that sometimes result in violence. they responded by banning large house parties. how officials say that's the kind of responsiveness they expect weather that's during the pandemic or just the rest of the time when short-term rentals are a vital part of our. >>our industry up here and serving visitors, the companies have already responded to the letter of concern said they would send along the message. what the stay at home orders are and hopefully their owners pay attention to that. but there are still thousands of rentals and that don't go through online brokers meanwhile, tahoe officials say it's still a welcome destination for one day visitors. we love getting our day trippers we have a lot of areas for them to enjoy themselv

door dash up 86% air bnb up 113%. let's get to disney with shares surging after its investor day, carl >> indeed. it's adding 125 points to the dow. all the streaming and news from last night and the theatrical news let's get to julia >> disney shares up more than 12% after dramatically boosting its forecast for its streaming subscriber base between 300 and 350 million by 2024. that's up from 137 million subscribers right now. disney plus is the center piece of this. this comes after the company announced the app nearly has 87 million subscribers. that's at the top end of the growth forecast four years ahead of schedule. and it's raising the price for disney plus by a dollar in march to $8 a month. this price increase reflects the investment that the company is making in a lot more original content, including 100 new titles that will be added annually to disney plus. disney's ceo says the company can be nimble to decide which content should go in which place. what content should have a traditional release in theaters

. >>> air bnb taking steps to keep large groups from ringing in the new year in vacation rentals.fort to combat covid parties. >> we spoke with air bnb hosts who say they are ready for the crackdown. >> it is frustrating and a little bit scary. >> reporter: cy has four vacation rentals listed on air bnb near san diego. the properties are booked for new year's and he makes it clear parties are not allowed. >> i have a few that try to sneak people in. being on site, i catch that. >> air bnb is enforcing tougher policies to stop gatherings due to a spike in covid cases. >> if you don't have a 5 star rating and seeking a one night reservation, you will not be able to do that. >> they've been updating the policy since the start of the pandemic including restricting guests under 25 without positive reviews and even taking legal action against those who violate rules. >> it is absolutely critical to prioritize public health. >> he is abiding by the site's enhanced cleaning protocols. >> every unit between the stay is gone through and completely misted and sprayed with antibacterial clean

door dash and air bnb start trading this week.rs willing to pay up even more than he these newly listed companies. here is danny. >> good morning, annmarie. part of what we have seen in this market rally is all the riskier stuff has done well, especially after the pfizer announcement. the annmarie:'s have more than doubled so far this year. you can see that compared to the benchmark index. if you were a company holding because of g i.p.o. this market, we are going to see record deals. if you are someone like an air bnb, you can get a higher evaluation when you come to market. we have seen just this with them. in its final fundraising round, it was valued at about $26 billion. we heard their target evaluation is $35 billion. yesterday sources telling us that now they are looking at something like $42 billion. this is what it means to i.p.o. in this sort of environment because stocks have rallied. if you are a company like air bnb, which first seems risky because of the coronavirus crisis, you can get more bang for your buck. annmar

doordash over air bnb.for 2021 ipos a lot of potential excitement out there we'll talk with kathleen smith on "half time report" about that spacex maybe, stripe, instacart coming in 2021 we'll keep an eye on all of these. just the obvious ones out there. david has done such a terrific job talking about the spac business including the big one today. how remarkable this battle, if you could call it that between ipos and spacs are they raised the same amount of money this year. this has never happened before right now 194 ipo deals that have raised $167 billion we have the same number. 200 spacs raised $64 billion it's a dead heat two things remarkable. number one, total amount raised between the two of them about $130 billion that's a remarkable amount of money raised for new companies coming into the markets. that's a good sign overall and, remember something. three years ago, spacs were a nothing business spacs did not have a good reputation overall, carl of course, the success of big names have really chan

air bnb gives you the safest way to take a vacation during the pandemic it is much better than riding the hotel with strangers finally you fall back on the bull market that benefits whatever that's crushing the market today, the stay-at-home stocks the new strain makes them more money. if you think we are headed for another lockdown, what do you want to own? you want to own roku don't over think it. that's the go to name for everybody in the market. looking for the right stock for a lockdown docu sign. let's look at peloton. listen, i know this is not an easy of series of take downs the you have to recognize that not only you have seen this movie before but it is a long running netflix series you are going to get the hang of it you never try to buy something that's down for a really good reason you don't go after the oil stocks when it is down fedex reported a widely panned number so you can't think about it here is the bottom line. when i say there is always a bull market so where, that does not mean it is always obvious. sometimes is less visible. when the action is looking ugly, yo

>> air bnb is the pinnacle of places like stubhub, air bnb the next wave of innovation is on the health care size. it is one of the biggest sectors in the economy more companies going direct to consumer, offering pharmaceuticals and care in home we think that will be a big opportunity going forward. and we have seen real estate companies doing well a public company which is changing the way people buy houses and video games. we have seen all of the video companies perform regardless of up market or down market so those are some of the sectors we will see in the public market in 2021. >> rick, it's dan. you started out this conversation by saying how bullish you are about some innovative private companies coming to market you mentioned consumer oriented names. how do you make sense of some of these enterprise software valuations we have seen come to market either by direct listing or by ipo. these are some of the less sexy names as far as product and service, but do you continue to see some of these trading at ridiculous valuations? >> we are seeing the transition. probably in only the t

>>mom dad, my husband and the kids and that's it we got an air bnb and we're just going to hang out of bnb and just kind quarantine i sell san francisco resident david valasquez just learned about the quarantine order as he was on his way to catch his flight to colombia luckily, i work from home, so there's not going to be much of a problem, although i do go out to the. >>one other locations to film and everything now that you've told me that i get to quarantine i guess i'm just going to have to cancel those chutes and just say a home airport officials projected 21,000 passengers flew out of sfo sunday that's down from around 85 to 92,000 passengers during what is typically the busiest holiday travel season before the pandemic. >>and as more enforcement as apd says they're using the common sense approach education is key and they're hoping people use the honor system and continue to follow health orders. but this order is enforceable it could be a misdemeanor that is the last resort officials don't want to see here at us about gayle ong kron 4 news. >>we'll take a break for 41 coming u

door dash, c 3 ai, air bnb with the latter two doubling by the time they went public. some folks even bringing up the bubble word. without a warning about it is starting to feel like 1999 all over again and warning it may end the same way here's my two cents. i want to know what you think about this the strange thing about the ipos this week is that we had these big bombs but it was all before the stock actually went public so even in the late 90s, you would see once they went public, then they would skyrocket. and everyone was trading and driving them even last summer, it went public, more or less doubled the price but still rallied another 40, 50, 60% from there air bnb and dash this week, those things hit the public market and they were basically parked dash is now $10 below where it came out public. >> you have this huge assault of orders now the effort to try to match as much of it as possible. the nasdaq does more of it than they used to so that's mechanical show if the criticism is that they got it wrong, it is a tough argument to make because it is not a scienc

>>about what the rules really are that goes for large outfits like air bnb and vrbo which can act as conduits of information to property owners and guests that helps out overwhelm local law enforcement not equipped to police state and local covid rules. >>even before the pandemic communities have been to air bnb to discourage large rowdy parties said rentals that sometimes result in violence. they responded by banning large house parties. tao officials say that's the kind of responsiveness expect weather that's during the pandemic or just the rest of the time when short-term rentals are a vital part of our. >>our industry up here and serving visitors, the companies have already responded to the letter of concern said they would send along the message. what the stay at home orders are and hopefully their owners pay attention to that. but there are still thousands of rentals and that don't go through online brokers meanwhile, tahoe officials say it's still a welcome destination for one day visitors. we love getting our day trippers we have a lot of areas for them to enjoy themselves an

>>about what the rules really are that goes for large outfits like air bnb and vrbo which can act as conduits of information to property owners and guests that helps out overwhelm local law enforcement not equipped to police state and local covid rules. >>even before the pandemic communities have been to air bnb to discourage large rowdy parties said rentals that sometimes result in violence. they responded by banning large house parties. how officials say that's the kind of responsiveness they expect weather that's during the pandemic or just the rest of the time when short-term rentals are a vital part of our. >>our industry up here and serving visitors, the companies have already responded to the letter of concern said they would send along the message. what the stay at home orders are and hopefully their owners pay attention to that. but there are still thousands of rentals and that don't go through online brokers meanwhile, tahoe officials say it's still a welcome destination for one day visitors. we love getting our day trippers we have a lot of areas for them to enjoy themselv

>>about what the rules really are that goes for large outfits like air bnb and vrbo which can act asonduits of information to property owners and guests that helps out overwhelm local law enforcement not equipped to police state and local covid rules. >>even before the pandemic communities have been to air bnb to discourage large rowdy parties said rentals that sometimes result in violence. they responded by banning large house parties. tao officials say that's the kind of responsiveness expect weather that's during the pandemic or just the rest of the time when short-term rentals are a vital part of our. >>our industry up here and serving visitors, the companies have already responded to the letter of concern said they would send along the message. what the stay at home orders are and hopefully their owners pay attention to that. but there are still thousands of rentals and that don't go through online brokers meanwhile, tahoe officials say it's still a welcome destination for one day visitors. we love getting our day trippers we have a lot of areas for them to enjoy themselves and

>>those stay at home or does any law jean and that include air bnb as well. so will the city be i guess i don't know going around and enforcing it or is it kind of like an honor system type of situation and honors the sand, yeah, it's a complaint basis yeah got it got and so this is the city planning on enforcing the order in general, i know here in the bay area a lot of cities and counties are enforcing it by you know issuing fines to restaurants that are violating the order bar there. >>any plans for safe south lake tahoe to do something similar for businesses and people kind of walking around you know mask or no social distancing. >>well we do have a finally in place and we have that since august with regards the businesses we have used a and system of education and a lot of our businesses have really responded to that. so we haven't had to be harsh. with regards to fines and that in this second phase of covid since the spring, it's it's really light that with needing to go into that harsh category. well that's good pabiding by the rules and all that talk

>>air bnb has suspended at least 30 short term rentals in palm springs, the move comes as the companycomplaints about short term rentals reached an all-time high in that desert area this summer air bnb is now trying to crack down on party houses too. and recently suspended dozens of listings right here in the bay area in an attempt to curb large gatherings and parties during the pandemic in addition to the suspensions neighbors can call a company t parties or problem properties. >>happening now according to aaa millions of americans are traveling this christmas weekend. as of 6 o'clock tonight, the chp has maximum enforcement period is in effect it will last through sunday. a live look there that was the bay bridge toll plaza and over the thanksgiving weekend officers. we're out in force in just like they were in thanksgiving, they'll be out in force over this holiday weekend to looking for reckless drivers now though people should be staying at home, you never know. >>guards pulse owner has more on what chp says that its officers are hoping to specifically crackdown on. >>christmas e

door dash and air bnb have been making a fortune door dash allowed you to get delivery at a time whenining out feels dangerous. you rent someone's house and you never have to see another human being. staying at a hotel where you sherianne elevator and you wait in line to check in with antimasters who don't believe they have anything they could give you we'll start with door dash, we'll cover air bnb tomorrow it is an online delivery service that connects 400,000 merchants and consumers, through their network. they're in roughly of the same business as uber eats and grubb grubber. this is the future i have not always been a believer on the online delivery business too much competition lately we have seen too many, first, there was covid, when something hits something like door dash went from a luxury to a necessity. second we have seen a wave of c consolidation that's incredible. >> the results and demand is off the charts and it is less competition. so many patients the last nine months, i suspect there is no going back everyone who was not already using these platforms to get food de

this ordinance three times within a 12 month periodwe have the right to revoke their permit. >> air bnb the local government to comply but is leaving enforcement up to officials in truckee. >>> a fairy scene has people flocking to hawaii volcano park. 2billion gallons have spilled out since sunday and created a lava lake that's 470 feet deep. officials worry about the crowds during a pandemic. volcano inn is seeing a boost in business thanks to the eruption. >> the phones have been going off. we used to get a couple calls a day. i have been pretty much on the phone all day. we are almost at full capacity. >> we saw easily in the thousands. several thousand came up. a lot of people were shoulder to shoulder trying to cram into a smaller area. it can be a dangerous situation, people not practicing social distancing. >> national park is asking visitors to come in off peak hours and they hope it will minimize the risk of spreading the virus. >>> i think they need someone like myself to check that situation out to make sure everything is okay and be safe of course while doing so, right? >>>

and we're just going to hang out of the air bnb and just kind quarantine i sell san francisco resident david valasquez just learned about the quarantine order as he was on his way to catch his flight to colombia luckily, i work from home, so that's not going to be much of a problem, although i do go out to the. >>one other locations to film and everything. now that you've told me that i get to quarantine i guess i'm just going to have to cancel those chutes and just say a home airport officials projected 21,000 passengers flew out of sfo sunday steps down from around 85 to 92,000 passengers during what is typically the busiest holiday travel season before the pandemic. >>and as more enforcement as apd says they're using the common sense approach education is key and they're hoping people use the honor system and continue to follow health orders. but this order is enforceable it could be a misdemeanor that is the last resort officials don't want to see here at us about gayle ong kron 40's gayle, thank several european countries have now banned flights from the united kingdom. >>this is

figure out who is going to be next to get the vaccine after frontline medical workers and how about air bnb breaking up more house parties in california has people continue to gather for christmas and new years despite the rising. >>welcome back to kron 4 news at 9 following a lot of big stories tonight, one of the ongoing fight over the next round of covid-19 relief yet president trump's last minute demand to bump up those stimulus checks to $2000 for most americans. >>has thrown the year and covid relief into chaos. house republicans met today and swiftly rejected the demand and unemployment benefits eviction protections and other aid including smaller $600 payments are now at risk. >>the 900 billion dollars. virus send aid package is linked to a one 0.4 trillion dollar government funding bill. that means the president's refusal to signed the legislation could spark a federal shutdown monday at midnight the house will return monday to vote on options. >>meanwhile, the federal government says more than a million americans have been vaccinated against covid-19 so far but that's still short

i get i think feel like this is a weird year to be going ipo but we've got you say air bnb and doordash this week. out doing their initial public offering what's your what's your view on that. >>it's it's it's it's another pandemic story right now i public last year at this time where heather never been a pandemic they value asians will be what they but because help and mary ott and hi struggles so bad during the pandemic air bnb has kind of said we are office they are they're off 6070% drop quarterly off 50% revenue somehow they got a double by ration their coming public this week we all know where bin be out your house to friends and family when you're away or you go on a vacation turned year. san bruno hours and carlos home into someone else's home from vacation, and it sounds a lot better than going to a hotel lobby be quite honest. go into a room that someone covid in the night before so i get it. but they're both publicly outcome public this week wall street loves a good the bay area's got a great history with ipos and i think we'll learn on wednesday or thursday that there could

and we're just going to hang out of bnb and just kind quarantine i sell san francisco resident david valasquez just learned about the quarantine order as he was on his way to catch his flight to colombia luckily, i work from home, so that's not going to be much of a problem, although i do go out to the. >>one other locations to film and everything. now that you've told me that i get to quarantine i guess i'm just going to have to cancel those chutes and just say a home airport officials projected 21,000 passengers flew out of sfo sunday steps down from around 85 to 92,000 passengers during what is typically the busiest holiday travel season before the pandemic. >>as more enforcement as apd says they're using the common sense approach education is key and they're hoping people use the honor system and continue to follow health orders. but this order is enforceable it could be a misdemeanor that is the last resort officials don't want to see here at us about gayle ong kron 4 news meanwhile, a number of countries across europe have now banned flights from the united kingdom. >>it's all

remember air bnb priced at 68 and opened at 146. already got a downgrade. the valuation but when they pulled their investors they sedan overwhelming number of inesthavevestors in this stok gains. that's not a surprise given the numbers. speaking of ipos. the ipo etf is on fire. been going no where for years and this year exploded. $700 million in assets under management and rebalanced this week and people are paying attention because a lot of money indexed to these etfs these days. so they're going to have air bnb go in their ipo on friday and doordash is going in and goodrx and nobody used to care about these rebalancings because the money was small. but now the money is really huge. speaking of rebalancing, the biggest one of all time happened on friday. tesla is going to go into the s&p 500 at the close on friday. this will be the largest rebalancing in history. other big rebalancings that ipo etf and nasdaq 100 will rebalance, as well. carl maybe $80 billion at the minimum that they're going to have to buy a. we'll keep an eye on that and hopefully no m

if you want to, air bnb is the great place to go to get that spot.t's going to be a sea change and they're racing away to get it done if they can. neil: and one of the companies, doordash has a valuation close to what, $90 billion which is worth more than dunkin' brands, dominoes and a few or big names combined and those are the establishments from which they deliver. so, i'm just wondering, is something out of whack there? >> it is concerning. when we look at the number of ipo's we're at 400 ipo's for 2020 and it's going to be a record year, if not record breaking. and it is concerning because we do see a massive increase in ipo's, a massive increase in speculative trading. a lot of it comes from platforms like robin hood where it actually encourages trading and encourages speculation rather than giving you warnings when you're on the platforms. and we see more of these platforms. so people are concerned. there absolutely is a valid reason for that and that we see new people coming to market, younger invests and they're using platforms that aren't w

>> i like it it kind of got over shadowed by air bnb. i think it is a very -- the whole market cap is not much they got some real intellectual fire power behind that company i like it. the promise land is within reach. why would you want to own stocks like this. i am going to throw in whirlpool right now. >> anyway, "mad money" we talk plenty of spacs and electric boom don't miss my sit down with mp material and the ceo of boeing what's ahead of the company as covid continues to i mpact the aero sector. i am going to sit down with the ceo of octa, stay with cramer. >> don't miss a second of "mad money. follow @jim cramer, have a question tweet cramer #madtweets. send jim an e-mail at madmoney.cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com, in a land not so far away, people are saving hundreds on the most reliable network with xfinity mobile. they can choose from the latest phones or bring their own. and choose the data option that's right for them. they even get nationwide 5g at no extra cost. and s

and by the way, it's not just the person who has the air bnb she invested in new orleans. it's the airlines that send the people into norms. the seafood folks, the lobster people shipping down to louisiana to wonderful restaurants. and did i mention k paul's closed its doors forever. so if you will, this is almost a metaphor for what we're talking about. mardi gras is canceled, we must do something to support those folks whose livelihood has been at least temporarily destroyed. >> yes, ma'am. >> senator, how soon would you move here? when we would see a bill ready for a vote? >> well, we've worked diligently on that and we would have one ready soon. we have to do something before the next two weeks, we have to. >> and have you gotten any assurances from speaker pelosi or leader mcconnell that they will put this on the house and senate floor for a vote? >> we have not had assurances from them on that for a vote, but i think the american people will put the pressure, showing there's a group of us coming together that this needs to be done. this is the only group that's made

. >>> air bnb has a successful debut on wall street and congress at impasse over a coronavirus reliefackage. cbs money watch, diane king hall is here. good morning. >> good morning. chances for compromise over new coronavirus relief package appear slimmer. the aid package from a bipartisan group of lawmakers all but collapsed yesterday. costco showing a surge in online sales. it says web-based sales soared 86% in the first quarter with consumers stocking up on everything from hand soap to electronics. >>> shares more than doubled in the first day of trading ending at $144. the jump puts the company at a marking cap of 86.5 billion. they raised $3.7 billion in the offering, largest ipo this year. >> it seems like the cookie monster in all of us has come out. tell me how people are feeling about comfort food cookies. >> it's not just a comfort food fling. cookie consumption is an all out affair. americans are craving cookies 25% more in the covid-19 era. analysis found one in five people are eating three or more cookies a day but 95% of all americans have dipped their hand in the cookie

>>same issue air bnb has suspended at least 30 short term rentals over in palm springs. the company made the move after a series of complaints for health order violations, the vacation rental company says complaints about short-term rentals reached an all-time high in palm springs earlier this summer. and the company is trying to crack down on party houses taking steps to curb large gatherings and parties during the pandemic. >>despite warnings from health officials to stay home this holiday season. people are still heading out for the airports flying around americans broke a pandemic air travel records yesterday with the tsa screening more than a million people nationwide kron four's will tran now shows us what it looked like today at san jose international. this is exactly what health officials line typically. >>this week for holiday travel would be so busy but as you can clearly see it is empty and that's exactly what health officials want. they're encouraging people if you don't have to travel don't especially with the surge in covid-19 cases all over the country rig

but with this offering noj with our bnb, we're going to continue to show that, it is having the same24 hours ago. jack key deangelis following all of this. it is going to script right now, what can we make of its opening minutes here? >> reporter: well, i was a little disappointed to see it open at $146, because we were talking about numbers like 156, but when you think about the priced at $68, i mean, if you're invested in this company, you're the still doing really well,118% up on the day so far. neil, i stand the back from my point of view and you too as we watch these unicorns go public. you see what happened with doordash yesterday, and you look at a company like airbnb or some of the other unicorns we've seen this year, and you wonder, you know, if charlieç gasparino wasn't right earlier that perhaps we might be in a little bit of a bubble here in the sense of the kinds of gains that we're seeing. and you also noted the fact that we've soon these ipos then sell off after. it may not happen with this one. i think they're not all created equal, but it's certainly something to th

but the clubs are closed leading to a new concern this year people renting houses an air bnb to party. i think everyone's concerned about house parties right now in because of the regulations because of the potential for spreading the disease. >>ball drop testing new york today it's all set the spectators you'll see in times square tomorrow will be cast members part of the show pre screened for the virus. as for the rest of us don't come watch it on home, it will be a spectacular television show. next year will all gather together and we'll fill times square but this year don't even attempt to come down there to watch it. >>as tom and ago van reporting for us. at lax we're live in las vegas with our countdown to 2021 all the state that are came in of a little night for you as we ring in the new year from my living room. and biotech company moderna facing backlash over who they're getting their covid-19 vaccines to. >>and tracking light scattered showers friday night for your saturday morning with more wet weather set to come by early ah, a package! you know what this human ordered? a

the suggestion, but we have clawed back here, up about 8 points, now make it 10 -- oh, that was our bnb but the dow still hovering trying to today in the green. we are watching it closely right now but, yeah, let's show you airbnb, making a comeback of after a couple days of falling. three straight losses in the wake of its super-powered ipo,s up a full 10% right now. but if you thought that the 135% debut pop was something to talk about, wait til you see the new year's eve plan that the home sharer is making right in the heart of times square. we are going to show it to you. you got to see this. ♪ ♪ ♪ ♪ ♪ ♪ ♪ look, this isn't my first rodeo and let me tell you something, i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's fr

>>problem is that just recreational housing for hotels for air bnb is can't do that you know, so you know if you want to do a day trip you can go up and skied if you have a place that you own you can stay there. everything else in tahoe is consider lockdown because they had to do that because the sacramento area which covers that part was under a lockdown the order yesterday to flatten the curve for covid others too many icu beds that are taken and they want to leave room for that so that's one of the big things that we're following this morning and that that's why we're following those fda hearing so closely at the very at right now we've got hearings taking place right now where they're the fda review panel is looking at. >>pfizer's and hopefully by the end of the day today we may get the green light from them to start distributing the ones they've already produced which we already have stockpiles building up here in the bay area that there hopefully ready to distribute by the beginning of next week so fingers crossed it all goes well start we've been covering this all morning long

gloria was hospitalized in mexico for several days and now she's quarantining at an air bnb. >>> onetwo exotic birds stolen has been returned. we told you yesterday they were missing. the pigeon was found and doing okay. on sunday a man jumped a fence, cut a lock and stuffed the birds inside a duffel bag. investigators are still looking for the second missing bird, which is a sulfur cockatoo, we showed you that a second ago. it is critically endangered and has a bright yellow crest and missing feathers on the back of its head. >> bothered. >> bring it back. >>> well, today is a big day for captain cow. he is a mountain lion that we have been following since he was rescued. they have found a new home. today all moving in together to the columbus zoo in ohio. the three mountains lions have been getting treatment at the oakland zoo. the cubs have all made a full recovery but the zoo, unfortunately, says they can't be released back into the wild. so today they will all be flying together. as a family, though. to their new home. now, mike, you wanted captain. could you take him and the si

gloria was hospitalized in mexico for several days and she is now quarantining at an air bnb. >>> california'sts it first and when. governor gavin newsom giving us some clues. >>> you're looking live at the big board. new york stock exchange. another update on how we are doing this morning coming up. >>> plus. >> you guys took 16,000 from the account. where did it go? >> they froze my account and took my money. >> bank accounts drained. without explanation all with connection to the edd. a major u.s. bank that could be caught in major trouble. more on that. so many of you clicking on this story this morning. but, first, check in with meteorologist mike nicco. >> it's been such a sad story, too. that's the lifeline for so many folks right now. i hope they can get it straightened out. let's take a look at what is going on weatherwise. a lot of fog in the south bay and at least we don't have freezing temperatures there like we do in the north bay where sue tells me black ice around highway 116 in green valley. be careful, that could be an issue throughout the morning commute. temperatures running