meantime, travel as we knew it is over according to airbnb ceo brian chesky.e sat down with us for a wide-ranging and rare interview. to worldd the pandemic war ii. tankdid teens on tictoc attendance at president trump's rally in oklahoma over the weekend. andrew yang will join us to talk about that and the future of the biden and drum campaigns, plus his latest initiative to get tech companies like facebook and google to pay you for your data. first, a check of the markets. stocks rising despite concerns about a resurgence of the virus in different parts of the country. walk us through the day. >> you had all three major averages closing higher by 0.6% or more. seems to be- there consensus that the virus is nowhere near over but there also seems to be consensus that it will not entirely derail the recovery we are seeing. small caps also were up by about 0.5% -- excuse me, 1%. they have been really kind of a proxy for the recovery story, given that they are more domestically focused. you did see, for example, the safe haven asset of gold back up near a seven-y

airbnb ceo brian chesky.it will be a catastrophe if president trump is reelected in november according to former presidential candidate andrew yang. the rest of my conversation with him is next. this is bloomberg. ♪ emily: the presidential election in the united states just months away and facebook continues to be caught in a debate about how to handle political speech and political advertising. in terms of advertising, facebook has given users the ability to mute or turn off political ads. earlier yesterday, i spoke with former presidential candidate andrew yang about what this means and how facebook should make decisions on these issues going forward. take a listen to what he had to say. mr. yang: facebook is trying to have it both ways and it has to face fact -- it is at this point the most powerful and well resourced publisher and media company in the world and saying they somehow cannot account for what is true and not true, given that cable news networks -- i'm sure bloomberg and others have we can take

and i know you're bringing us a big interview with brian chesky this hour. >> that's right, i'm really excited to be part of this additional west coast coverage and to that point i sat down with brian chesky over the weekend and we talked about the travel rebound, and what the business likes like in this post ko-vid world take a listen. >> if there is a shut down or multiple shut downs, if communities are shut down, we will be okay we cut a he looks like dollars in marketing >> brian was very cautious about this it is a pretty incredible recovery people don't want to get on planes right now it is pretty remarkable the bookings they have seen are growing on an annualized basis as they go into the jouuly 4th weekend. you still have to wait for international travel and business travel to come back to see that rebound >> yeah, you know i mean when i'm thinking about traveling even domestically i prefer to stay in a space that i can control. i know there are not other people going through a lobby, maybe he will see some upside from the efforts to reopen at least if people can control their

i think we are looking at all options right now. >> there was brian chesky there. -- we will be getting changes to the iphone home screen. this is bloomberg. ♪ >> we have breaking news out of japan. we are getting the june luminary numbers. the japan manufacturing pmi coming in at 37.8. this is lower than may. we have not been in that extension territory since april of last year. again, for the month of june, we are seeing it low 50 and also at a weaker level than the previous month of may, coming in at 37 .8. the pmi was strong and unexpected. 42.3. this is again from the previous month. 37.9, stronger than the previous months. pmi, 37.9, stronger than the previous months. the services pmi is still much stronger than the previous month. we had seen the lifting of the virus in late may. that could have helped the services sector in japan. kamaruddinto sophie for a check of the market. sophie: asian stocks are gaining ground. we are seeing 1.5%, leading the regional event. services leading that climb in s eoul. .he nikkei 225 adding over in sydney, extending gains f

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we are going to be talking to brian chesky, airbnb cofounder and ceo. we will get more on the reopening and how that is affecting his business. looking forward to hearing from him. stocks continue to climb. let's talk about that. alix: yes. as we reopen, the question becomes, which country did it right? which country is going to get the biggest boost if we get a v-shaped recovery? is it going to be the u.s. or europe? over the last month, the dollar in the u.s. has been outperforming. but now what? us, our guest who downgraded the u.s. and a good in the euro zone because of the covid-19 response. walk me through the thesis. >> thank you very much. very good to be with you. the thing we are trying to the last here is for decade, investors have focused on sectors on a global basis. what we are moving into is a new regime that will be much more focused on probably regional responses, both in terms of policy responses economically but also health care responses. that as you say, the differential response in terms of the health care response, we can see it i

in interview published over the weekend brian chesky believes most people now stick close to their homes. he also but it's a huge drop in business trips. he says his company is closely tracking travel trends during the pandemic as it adjusts the way it does business in the future. >>> over the weekend the pandemic could not stop people from celebrating pride. this is what it was like last night in new york outside of the famous stonewall inn where the 1969 riots occurred. the month of june is pride month, but cancel many big public gatherings including the new york city annual pride parade instead, members of the lgbtq community adapted to it and included demonstrators from the black live smatter movement as well. in san francisco and unofficial pride and black live smatter gatherings that took place in the castro. yesterday would have been the final day of the 50th anniversary celebration for pride month. the corona virus forced organizers to move everything online . still hundreds of people packed the intersection of 18th and castro for socializing, dancing, and listening to speeches a

back airbnb, like many other companies, won't look and operate the same way post pandemic cnn's brian chesky says that's made the company stronger. diedre bosa joins me diedre >> chesky says the travel will never look the same again. >> we have more hosts since before covid started the important thing here is the market is resilient, the community is resilient and i think the one trend that is going to happen is the following. travel as we knew it is over it doesn't mean travel is over, just the travel we knew is over, and it's never coming back >> reporter: now, to prepare for this new world, airbnb has made some difficult cuts. a quarter of its staff and a billion dollars in marketing costs, the company is also getting back to its roots: home sharing. they've made major moves into the hotel space, but now they're scaling back those plans and that could raise some questions for its eventual ipo getting back to basics, that could mean less revenue streams and opportunities for expansion. how will investors value this new company? here's what chesky said about the timing of this ipo >> at thi

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