up 20% i love air bnb look what's happened to it it was 220, 230 in february.'s lost 30% of its value for good reason. when interest rates go up, these companies that don't make money get clobbered. there's only like 80 companies that have a bigger market cap and they made 5 billion dollar a year and they're not going to make any money for several years. maybe next year they will make 8 cents or 99 cents they have a p/e of 1,000 these kind of companies get clobbered. it's a wonder it's not done more as much as i love, love the product. is it going to have the valuable platform to make huge amounts of money. >> i think there's a will the of room for optimism here you saw it in first quarter numbers. a will the of people are already living this lifestyle. they didn't wait the get vaccinate vaccinated they just got on the road and started working remotely a will the of employers said you will have the rest of this year and not come back to the office. the hybrid roles will be very, very common. if you're a white collar, silicon valley worker it will be exciting to

call today. >>> welcome back to "fast money" we have a double dose of earnings, air bnb and coinbase on the move after reporting results, we start off with more on air bnb's quarter >> ceo began the call acknowledging covid cases are surging in places like india he went on to talk about the strong recovery they're seeing in other places like the united states and pointed out the return of other travel segments will further boost it's rebound, calling out urban and cross-border travel. investors in the q&a section are curious about supply especially as competitors like expediaia spend big to win on their platform air bnb says the total act of listings, they were flat quarter over quarter and working on getting the numbers up by making it easier to on board hosts and give them better tools and services, will it be enough for a hot back summer? i will ask that and many more questions when i speak to chesky fresh off the call in one hour back to you. >> all right let's trade, air bnb seymour i know you like it and wish you had the ability to buy it but beat out by petra so where do you s

. >> air bnb will change the way people vacation. this is a trade for me even if technicals are concerning. this was something great pre-pandemic, it's going to be better post-pandemic, i think you have to stay with this one the way we change mentally is not going away when we come out of this. >> you don't think people will want to go to a hotel where someone changes your sheets and towels instead of cooking in a kitchen, going back to that normal seems attractive to me. by a show of hands, who is trading air bnb with steve grasso raise your hand if you're trading it all of you are tim you were nodding your heads when i talk about the sheets and towels. >> there's a different to my personal preference to having fresh towels, no question i'd rather stay in a hotel by the way, i have plenty of confidence in hilton and marriott hotels. from a stock perspective the air bnb valuation was ridiculous on release and will continue to take market share. i like the stock story for the long term. i hate the valuation here. i'd definitely stay i

on air bnb as a possibility. because it's come back down-to-earth. as the airlines, you know, we were just starting to fill up these planes now and as we go forward and look at the demand, the demand is there, matter of fact, people are almost angry when they have to wear masks on planes, the rest of it we'll get past that. i think we'll see air travel continue to grow, i do like delta a lot, i think other names are out there, american airlines we see consistent option paper, i throw that in the list of names, we haven't seen as much in united. so i'm not sure what to think of united right now but certainly delta and american stand out in terms of the airlines, especially because they have such a gigantic international element as well. >> all right coming up we're all over after-hours action of shares of salesforce and costco and ford shifting into high-gear, the stock rallying another 7%, now up 18% over the past week. is this red-hot ride about to hit the skids? stick around to find out, we've got much more "fast money" after this you need a financ

air bnb now stepping up enforcement of rentals to limit house parties on the holiday. says in order to book on the 4th of july weekend. you will have to have a positive history along with reviews as a guest on the app. also something else to keep in mind. you will not be able to book for a single night at the last minute on the 4th the house party banned for the company has been in effect since a deadly party at an air bnb in orinda back in 2019 left 5 people dead. the ban prevents more than 16 people from gathering inside of a rental property. anyone caught violating that ban can be suspended or removed from the platform. >> there is a job fair tomorrow happening at the san jose airport. we talked to the airport property manager today to find out what kinds of jobs are available. >> what we're really focusing on the concession industry or food and beverage and retail of companies and they're looking for anything that you would typically find in the retailer, food and beverage concessions, including our kitchen back of house waiters clerks in stocking personnel. >> the

. >> hi mel, i didn't hear -- one stock getting cracked is air bnb went from 215 to 145, at 140 now. rbc initiated the price target for wells fargo positive this stock off earnings i think it's got its mojo back i think this is a stock that can sort of try to get back to those levels we saw earlier this year. i think air bnb for a trade with everything going on giving the sell offsets up well into june and july. >> right out of the gate, 01 5 01 you have one specific stock you've been pounding the table on for the past few shows. according to dominguez how do you think of the environment in general and what sorts of areas in the market will work with this sort of back drop. >> i'm completely on the same page with you, i think we'll continue to see this reopening and memorial day kicking off travel also the reopening in general. interestingly enough you're seeing 57% of americans plan to do a road trip this summer, oddly much, up 30% from last year, really seeing the demand come in but we're in a period with low interest rates and likely will see more stimulus with biden announcing th

national you know, in rural areas, napa sonoma along the coasts. >> stats from air bnb show that says the pandemic. people are trying to stay within about 300 miles of their home, meaning that they want to place. that's within reasonable driving distance from where they live. >> the santa clara valley transportation authority is increasing passenger capacity starting tomorrow 34 passengers will be allowed her car for light rail 15 passengers on a 30 foot bus 18 on a 40 foot busson 26 people will be allowed on 60 foot buses groups traveling together will count as one passenger. everybody has to wear a mask and maintain 3 feet of distance between each group. still ahead, they gusts portland oakland. >> all trying to win the a's over. kate >> the new ballpark saga continues for oakland for the a's, for a lot of other cities. team executives with the a's are in nevada meeting with local politicians developers, you name it about possible sites in and around las vegas. one soap opera. yeah, this trip, as you can imagine, not sitting well with a's fans in more ways than one. our crime for a

i throw a whole other group in there, mel, we've seen huge ipo's in the last six months or so, air bnb, door dash, palantir those stocks are down 30, 40% from recent high and they may be comparable to dell, ibm, cisco, it's an interesting relationship you're seeing rotation out of the high-valuation names into cheap names that are more stable that don't have the growth they're just a bit more defe defensive. >> yeah this despite ten--year yields behaving, where were we today 1.65%. jeff, rates are not scaring people out of the high-value tech names, it's something else entirely at this point. >> yeah that's the interesting thing, if you look at tech across the board, i would favor the more value-oriented areas but you have a fed that continues to be very dubbish you have rates that haven't moved and strong earnings in the case of fang and the stocks haven't behaved that well, that doesn't make me fell particularly good but i think the marking is sniffing out affirming yield you have the copper vaergs gold ratio increasing, continued increase in staples and germany boone. all of the thi

as we come out of the pandemic, ceo of air bnb is on good morning america talking about what you cant to see in the coming months. >>> let's take a live look outside at 5:26. this is pretty. we'll be right back. did you know that geico's whole 15 minutes thing... that came from me. really. my first idea was “in one quarter of an hour, your savings will tower... over you. figuratively speaking." but that's not catchy, is it? that's not going to swim about in your brain. so i thought, what about... 15 minutes. 15 percent. serendipity. 15 minutes could save you 15% or more on car insurance. are you managing your diabetes... ...using fingersticks? serendipity. with the new freestyle libre 2 system, a continuous glucose monitor, you can check your glucose with a painless, one-second scan. and now with optional alarms, you can choose to be notified if you go too high or too low. theestylstem owas dfopreshose who qualify, you can do it without fingersticks. learn more at freestyle libre 2 dot u.s. ♪ >>> at 5:30, one year since murder of george floyd, the meeting his family is set to have wi

. >> and then where air bnb is seeing the most people booking reservations in california as we start to come out of the pandemic. and after the break, the floyd family meeting with president biden on the anniversary of george floyd's death by minneapolis police. the push for federal police breaking news just into the kron 4 news room. a grand jury has been convened by manhattan's district attorney to decide if former president trump should be indicted if prosecutors present criminal charges. >> that's according to the washington post now in a report. the post says the panel was recently convened and we'll sit 3 days a week for 6 months. it's likely to several matters not just the trump during its term, the report says that's longer than a traditional new york state grand jury assignment. but again, this could bring criminal charges against trump. we'll have much more on this story tonight on kron 4 news at 5. and today marks the one year anniversary of the killing of george floyd an unarmed black man who died at the hands of police in minneapolis. president biden hosted the floyd fam

marriott, air bnb and disney are reporting earns this week.om roblox coin base is up 9% cdc director will speak at healthy returns conference on tuesday. square co-founder will host a fire side chat on thursday friday brings us a read on the consumer sentiment and retail sells for the month of april are out at yr id ft rward. when traders tell us how to make thinkorswim even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. because platforms this innovative, aren't just made for traders—they're made by them. thinkorswim trading. from td ameritrade. >>> welcome back let's catch you up on a few stories that should be on your radar. it's time for rapid fire first topic here, the crypto craze. could it be a boom or a bust. >> that depends on who you ask citigroup takes steps toward crypto offerings for clients preponderance of the evidence and goldman sachs is already successfully trading

. >>> this afternoon air bnb is out with a list of the newest highest rated homes for the season.in the san diego area, loft at eden east. cozy cabin escapes in colorado and new york state are available. if you are ready to stamp that passport, luxury pads in mexico and croatia made the list too. >> give me that stamp. >> yes. i want ♪♪ >> brooke: i don't wanna hold you up, honey. i'm sure you're anxious to get home. >> hope: uh, i am, but i--i have a minute. what's up? >> brooke: just catching up. i wanted to give you and liam some privacy. >> hope: [ laughs ] we do appreciate that. >> brooke: so, i guess the smile means everything is going well? >> hope: beth and douglas are overjoyed to have liam back, i mean every dinner is like a little celebration. >> brooke: and you're happy, obviously. >> hope: having liam home has been wonderful. you know, he's been so attentive and caring. and it's just-- it's nice to feel like we're moving forward.

but where to i'm going to chatting with air bnb.afternoon to talk about the most popular destinations in our state so you can decide if you want to check my yourself or maybe avoid them altogether and go for some other hidden gems to see that interview and to get real-time updates on local and national headlines. grab your phone scanned, the qr code that you see on your screen there, it's going to take you straight to your app stores. you can download kron on for free. back to you guys. thanks a lot. jim refrain when i didn't show for. did you think yesterday that i was a lot of reps. you want lot well, you never place no likelihood of you winning. however, there was a pretty cool story coming out of massachusetts of a woman who. >> got really lucky with a $30 scratcher at a convenience store that she didn't think was a winner and threw away, but lucky for her. the son of the store's owner saw that she had walked out regular newer. yeah. passing by the trash can blast inside and saw that over the last square had been scratched off.

. >>> pandemic weary americans are rapidly booking thingss, u renta cars and air bnbs, it will be a busymer. that is for sure. >> absolutely, thank you. worldwide global virus cases have reached a new peak.he ory.e is getting worse. there were 400,000 new cases yesterday. and a stream of critically ill people arriving in hospitals already over full. >>> everywhere, there's a shortage of oxygen. in the hospitals, and on the street where family members line up for hours to refill tanks for patients at home. >>> a seek temple set up curbside oxygen for the very sickest. like this man, who's brother is doing what he can until he can find hospital care. he has been looking for morean y ght,oth furiou uthoties opened up even to mass religious and political gatherings. now, indian families, especially poor, are paying price. >>> the other covid hot spot is brazil, with a per capita death rate higher than india's right now. a vaccination program that is reached in to brazil's vast interior has distributed more than 40 million doses. but in the cities, with no lockdown, it's no surprise that the

segment is expedia i like it a little bit better because in addition to having a business like air bnbsel business no matter where people stay when they go away on vac vacation i think both can work. i wish you all the best of luck. thank you so much for your question >> great question. next question is for jim >> my question today is for farmer jim about gm. i'm a big time gm bull and i appreciate your insight on the stock. my question is when are we going to get our dividend back thanks and be well >> good question i'm going to glblow your mind when they put the dividend back it they might be looked at as an old company. they might be looked at a value stock like a tobacco company i want to there to be looked at at the electric vehicle company of the future. if they generate so much cash flow, buy back shares, not a dividend >> okay. thank for if questio natres are coming up next on halftime. e many forms of energy to meet the world's needs while creating a cleaner future for all. at chevron, we're lowering the carbon emissions intensity of our operations, investing in lower-carbon te

a little bit when you first heard about air bnb were like, what? why would you do that? crazy. >> now renters should be thinking about whether the private owner is properly maintaining the car, and you might have to purchase separate insurance. >>> summer is around the corner. after a year of covid lockdowns, americans are that v here's how you can best the best meto book your trip, or you risk paying more as prices continue to go up. most travelers pick their destination, then their dates, then look at pricing. to get the best deal, experts say search inside for cheap flights out of where you live, and then decide your destination. >> that's how you are able to take three or four vacations for the same price you used to pay for one. >> be sure to pay attention to covid guidelines. some countries require a quarantine or proof of vaccination work elsewhere, you just need to show a negative covid test. >>> one of disneyland's most popular restaurant is reopening at the end of the month, with alcohol. the blue bayou will have alcohol on the menu for the first time, so you c

air bnb and vrbo say they are sold out in many communities. rental cars are all but impossible to find. >>> shocking video of an attack on a plane in san diego that left a flight attendant bloodied and missing two teeth. >> the woman who recorded are speaking out and says both passenger and flight attendant are at fault. >>> a passenger pummels a flight attendant on southwest flight from san francisco to san diego. within seconds, another steps in to stop the assault but it was too late. the flight attendant both had two teeth knocked out. >> both of them, in my opinion, were wrong and it could have been avoided. >> reporter: the flight attendant was arguing with the woman in the window seat about pulling her mask over her nose. she left to call the captain and then returned to enforce again. >> it was still brewing. >> i heard the passenger say don't lean on me. >> reporter: she lost it. >> we have zero tolerance for threatening or violent behavior bypass englishers. >> reporter: since the beginning of the year they've received 2500 reports o

sach's mobilize part of the household home office for business purposes, much like what uber and air bnb did for cars and second homes a lot of these technologies were around before the pandemic but the crisis has shown that necessity is the mother in this case, kelly, of adoption >> it's fascinating. stay right there we'll speak more about this with david. dave, welcome. i guess before i kind of get into the big picture, i want to make sure our viewers have a sense of where these arguments are pointing in terms of market impact all of this is paving the way for what kind of stock market and bond market for the time being, do you think. >> i think steve i aslum -- alluded to a lot of this it's bigger high to share. how that gets split up is debatable. what we prove between q1 of 2020 and q1 of 2022 is we can produce at or more gdp with average about 8.5 million. it's an astounding fact. it's got a good side and a bad side the good side is we're really productive and adapted to this world where we went to less labor intensive businesses the other part is, well, what are we going to do wit

talk to me about that specifically, because we have seen everything from bnb being built on ethereum, to digital bonds built on the ethereum blockchain. how important is this technology and currency? sean: it is interesting to look at it in relation to bitcoin, where at bitcoin has a real use case, ethereum is obviously a token that can be used, but used to run a giant computer network. meaning that you can write smart contracts that do things. you can write them to allow people to get liquidity, do borrowing and lending. and an interesting way in which the rules are governed by software, run on this network. and there are others taking this idea to create financial interactions, leveraging those as well. it is certainly not perfect. there's some iterations that are -- matt: it looks like the satellite feed has frozen. hopefully, we have not been hacked. but we will try to get sean neville back, the cofounder of circle, to talk more about the crypto space. it is so fascinating that the european investment bank, the finance arm of the european union, sells digital bonds on ethereum. ou

. >>> an update on air bnb's party ban. the company says it is extending the policy through summer. move which began last august is designed to curb spread of covid. the event friendly search filter will remain inaccessible for the time being. it expects update on the policy by the end of summer. >>> it is quarter to 6:00. l.a. county life guards are staffing up in preparation for crowds flocking to the beaches with the pandemic slowly getting under control. health officials say the risk outdoors is low and beaches are a safe place to gather. >> ready for everybody to come and have a good time. being outdoors, it's a great place to be rather than being all cooped up indoors. >> all the life guard towers on manhattan beach will be open this weekend. so there will be plenty space to spread out. it sounds like a lot of people will be flocking to our beaches. a big heat wave is coming as mary has been talking about. if you are heading out to enjoy the sun, pack that sunscreen. >> protecting your body can help with skin cancer. most are caused by too much exposure to ultraviolet light. m

. >>> air bnb put together a list of newest highest rated homes for upcoming travel season.n the san diego area, loft gives eclectic oasis vibes. that's beautiful. if you are ready to stamp passport again luxury pass with a pool in mexico and croatia made the list. it's wheels up this summer. >> it's going to be a hot girl and hot boy summer for sure. >> exactly. vax girl, vax boy summer right. >> i am looking for eclectic oasis vibes as you put it. >> very nice. >> see you at 6:30 when the stock market opens up. >> to vacation again. >> yes. >> can't wait. >> a new world. >>> 5:41. >>> coming up on kpix5 and streaming on cbsn bay area, olympics set to begin in a little over two months. why officials say games are happening despite a fourth surge and state of emergency in tokyo. >>> it's going to be a cool day across the bay area, tracking on shore flow, ocean breeze kicking in. upper 50s to low 60s with mostly cloudy skies around the bay, looking at clearing, sunshine in the upper 60s to low 70s inland. averfothis seven time of year. >>> i will have the latest information o

only for a limited time >> a southern california air bnb is giving visitors a chance for and out of thisit is appropriately named area of 55. and as you can see, the home looks like a flying saucer. it's located in the desert just outside of joshua tree. the listing describes the home as an off grid glamping experience. it can welcome up to forecasts. features. 2 queen beds. plus an air mattress the price. $275 a night to start. there's probably extra charge of this and mean, look, that's pretty cute. it's a big u f o night. things all right. i this story made me set up and a woman from mali has given birth to 9 babies. she had expected 7 months to more than that, even. >> this is according to the minister of health and molly, the 25 year-old woman gave birth to 5 girls 4 boys by c section. this was in morocco yesterday reportedly they are doing well. the babies were born prematurely at 30 weeks. the mothed to be treated for heavy bleeding. but she's doing pretty well right now. and again, the babies also doing fine. one thing i'm going to have 7 and you're all got yeah, i might at that

they were inside an air bnb. 5 people were killed. others were injured. 5 people were charged. they were later pending further investigation. and earlier that year, a gunman opened fire at the gilroy garlic festival. a 19 year-old fired k 47 towards food, tents towards crowds of people. officers patrolling the festival opened fire on him. although an autopsy later confirmed the shooter had killed himself 4 people were killed 17 people were hurt and in march of 2018, a former resident of the outfield veterans home killed 4 people including a pregnant woman. that's after you've been told to leave the facility that gunman also killed himself and today's shooting at the vta facility in san jose left 8 people dead. next 8 o'clock gunman who took those lives used to live in this place here where the smoke is coming out. >> that's a gators. dow say may have set his own home on fire before the shooting and neighbors are revealing wh in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. w

it's called get my boat is considered the air bnb for voting.pp allows you to rent a wide range of water crafts, boats vary from yachts to cycle, boats and even pontoons app launched back in 2013 and operates in all 50 states. a lot of folks looking for something new. there you go. that is pretty cool. take a look at that whale watchers in dana point getting to see this yesterday. >> they captured this remarkable video of a dolphin stampede experts say that these dolphins are so smart that they can determine the size shape and speed in density of their vessels and could never be hit by one or even hit themselves. one of the boat. so they wduld allow themselves to get hit and they're smart enough to get away from the vote. if it gets too close. >> greatest spectacle in racing returns tomorrow and it will have a crowd once again. >> 165,000 people are expected to pack the stands for the running of the 105th. indianapolis, 500 americans have had at least one dose of the covid 19 vaccine. matthew, her chick was at speedway today for a look at what f

. >> a southern california air bnb is giving visitors a chance for an out of this world vacation. >>ylene ames area 55 the home shaped like a flying saucers located in the desert just outside of joshua tree north of palm springs. the listing describes the home as an off grid glamping experience. it can welcome up to 4 guests features 2 queen beds. plus an air mattress the price. it starts at $275 a night which we're talking about is kind of reasonable, which yeah, let's stay in the uefa and sending your photos room inside. all right. a woman from mali has given birth to 9 babies should expected 7. >> all of this is according to the minister of health in mali. the 25 year-old woman gave birth to 5 girls for boys by c section. this was in morocco yesterday. the babies are reportedly doing well. they were all born prematurely at 30 weeks. the mother did have to be treated for heavy bleeding. but she's doing just fine. so the babies actually and, you know, fire season has returned. the goats are back. the opened fire department posted this video to twitter saying they're again using what

. >>> we are all over this busy earnings season, including disney, air bnb and coinbase here's otherting, hit by the chip shortage down 16%. don't miss "mad money" tonight with jim cramer. his all-star lineup cfo of coinbase and ceo of door dash and sonos at 6:00 p.m. this evening. >>> meantime, lebron james is out with his first commercial with newest endorsement partner, pepsi, after 17 years with rival coca-cola, he was the face of sprite he's now launching an energy drink line. the nba champion spoke exclusively to cnbc about what drew him to the energy drink category. >> more than the energy drink, the concept behind the energy drink is what a gravitate towards. the narrative behind it is rising above so rising above the occasion, rising above obstacles, above people who don't believe you can do certain things, that is what resonated with me more than anything >> this deal with pepsi came as coke was looking to shed cost. james said because of the pandemic hasn't had a chance to meet pepsi's ceo. >> that opportunity to meet the ceo and meeting all of the great people at pepsi, t

air bnb and doordash, wells fargo, both of them an upgrade keeping the price at target. traveled all over the country. talking about saving with geico. but that's the important bit, innit? showing up, saying “hello! fancy a nice chat?” then we talk like two old friends about sticky buns and all the savings you could get by bundling your home and car insurance. but here's the real secret. eye contact. you feel that? we just had a moment. [chuckles] who would've thought it? geico. save even more when you bundle home and car insurance. california phones offers free specialized phones... like cordless phones. - ( phone ringing ) - big button, and volume-enhanced phones. get details on this state program. visit right now or call during business now california phones offers free devices and accessories for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program visit right now or call during business hours. >>> up next, another expert take on retail sales. this week's hot inflation data and what it all