the buildings look like dollhouse us from this hyatt. and this is the most photographed view in the whole town right on plan one square. that. it's called sussan sation on instagram. play from we from namibia in africa hong kong on call from texas and this by then from cocos or pound. they all have one thing in common they last for 2 more. how do you like it here oh we love it we're on vacation nerd visiting wanted to see all the christmas markets and the fun medieval cities and streets it's beyond what we expected it's really amazing the visited. about southie years ago i was there a 100 so this is this yr. this hour or so teeth are in 1st year of. marriage has over 3. wanted to visit just our game. there are certainly no shortage of photo opportunities in the autumn walk. this vintage past pints to way to kids of all fact christmas village. home of the world's largest selection of christmas ornaments. there is nothing here that you want to find spread out all over 1000 square meters and filling 3 buildings. and this treasure trove it's

this one at the hyatt regency in downtown phoenix today. just to get your bearings a little bit, the hyatt regency in downtown phoenix is there, that red dot there, right across the street from like the parking garage for the phoenix convention center. that's where giuliani was holding his thing today. but meanwhile, simultaneously, about 18 blocks west on west adams street, the actual arizona election results, which actually did give the state to joe biden, not donald trump, those results were being finalized for real. i mean, the president's weird after party following this election has sort of boiled down to this idea that wherever republicans are in charge -- if they're in charge of the legislature or the secretary of state's office or the governor's office, republicans should just figure out some way to throw out all the votes, to throw out the election results, and instead, declare trump the winner. that is what this is boiling down to for them. well, in arizona, the governor is a republican. his name is doug ducey. and just like almo

tony hyatt had just renovated his home there was. nothing at the heart of the l.a. surviving as we underestimated the damage. it's beyond what we thought our capabilities could handle. hello we have to remove all of this honestly we are looking for the minimum amount of work that can keep a building standing and covered through the rain. so you need to take your case and the. easiest way i can not going to blame sleeping but it's more difficult to stay and to face. ok you should be michelle is coming to a free enterprise that will say we support them with construction materials but they fuse is short they count each plug each beam that's holding the 1st. one to be added to the middle there tony we can't blame anyone we're all on the ground. not a lot of just to be clear the mission isn't to rebuild the house and the yard long we just prevented from collapsing and keep it standing for you don't we then have deep attorney hired used to be a successful businessman now he's reliant on years means help happened in a very bad time. this is when i wish him a very. good mon

the buildings look like dollar houses from this hyatt. and this is the most photographed view in the whole town rise of the lion square.

temperatures of real rain in aberdeen, 13 the hyatt in london.the middle of the week another area of low pressure is going you bring another dose of rain across the south. at high pressure will build its way into her as the second half of the week. that means drier weather at the time for christmas. but also colder weather. as we had through the week temperatures are set to drop down into single digits by christmas eve and christmas day but should be largely dry. this is bbc news the headlines at 8pm. nearly 18 million people in london and south—east england move into stricter tier 4 restrictions from midnight — people must stay at home, and non—essential shops have to close. for those in tier 4 — it means the relaxation of rules at christmas has been scrapped — and reduced to one day, the 25th, for the rest of england. we must be realistic. we are sacrificing the chance to see our loved ones this christmas so we have a better chance of protecting their lives so that we can see them in the future christmases. the new restrictions are due to a spi

guest: i was on the hyatt working on the grand hyatt with the general contractor. donald got to know me on that project and although we had a crew, he had his own people working there. he had trump tower coming up any one of work on that. i was in charge of doing that. it was an incredible procedure. it was a big move up for me. host: you write in your book about president trump's penchant for hiring the best people but also hiring yes men and women to be around him. bestdoes he want the people around versus when does he want the yes men and women around? guest: now, he always wants the yes men and women. he must be told and he must be built up any must be buffeted and supported. otherwise, he will do away with the person. years ago, it was about hiring the best people. i watch that evolve and i left him and came back and so there were people there, not the kind of people i was used to seeing in top positions and overtime, the more he believed he knew more than anyone else, the more he needed to be re-told that until he got to this point. there are cases when you s

there are secular trends that are issued in the industry i think hyatt long-term looks good >> dan, youoked your first stuff, hotels and along with it? >> i think tim laid it out nicely there i would say technically on the hyatt, $70 where it has been basi basing above over the last month or so. go back to 2019, that was the level it broke down below earlier this year when the pandemic made it very clear that people not going to be traveling and staying at hotels. to me, you have about $10 a downside if you have this reopening trade kind of slow down a little bit over this winter i think you have probably two $20 upside i like the trade if you can hang out with it. >> you agree on hyatt, guy, you like it? >> it went from 94 to 24, traded back to 78 level i think it is going to go down it announced expansion in europe by december 7th, which was the worst time you can announce. the most famous is bump phillips when asked to run about a mile, i won't give them the ball i am loaded with psa tonight >> a font of knowledge, guy. >> seema mentioned hotel alternatives are also in the minds of t

. >> thank you, deputy director hyatt. we greatly appreciate it. i have a number of them, but before i do, i'll check to see if any of my colleagues have questions. [inaudible]. >> supervisor walton: are low-income residents that come in the future are also protected, so just looking forward to that continued work. >> supervisor haney: great. thank you for that work, and i do want to thank the timma committee members, commissioners walton and mandelman, for your strong support on this to make sure we did have a clear plan for residents, employees, and business owners to ensure that they had an exemption, a fair exemption from this toll. this was a big priority for me, having heard very extensively from residents, especially about concerns around the toll, and i do think that these options that are on the table here are really providing us with a set of opportunities to address that concern, and ensure that we have, overthe long-term, a congestion management plan, but that we are not putting undue and an unnecessary burden on current residents and b

rachel hyatt will present this. >> thank you. the opportunities that the development agreement and the plan within it seek to -- seek to take advantage of are the opportunity to build a transit first community and to build a sustainable environmental sustainable community. the risks to doing that are the fact that the island are only accessible to the congested san francisco oakland bay bridge and only have one means of access that isn't by car. so the challenges include an income that -- a community that isn't a transit oriented place, and the challenge that goes along with that is to provide those high quality options, and multiple options for getting on and off the island without folks feeling like that's their only choice. the transit plan, accordingly, is a significant level of new transit service that will phase in as development phases in but will start with a ferry san francisco between san francisco and treasure island and a new bus service between the island and downtown oakland. the ability to walk and bike on island,

rachel hyatt will present this. >> thank you. the opportunities that the development agreement and the plan within it seek to -- seek to take advantage of are the opportunity to build a transit first community and to build a sustainable environmental sustainable community. the risks to doing that are the fact that the island are only accessible to the congested san francisco oakland bay bridge and only have one means of access that isn't by car. so the challenges include an income that -- a community that isn't a transit oriented place, and the challenge that goes along with that is to provide those high quality options, and multiple options for getting on and off the island without folks feeling like that's their only choice. the transit plan, accordingly, is a significant level of new transit service that will phase in as development phases in but will start with a ferry san francisco between san francisco and treasure island and a new bus service between the island and downtown oakland. the ability to walk and bike on island,

i want to suggest that one way of thinking about this is to hyatt and freedom. they famously came together. and now what is being called the thought collective. and not only got together to talk but to actively pursue their agenda and every avenue that was available. whether it was the polar text. this is an aggressive way of thinking about that. but that's it you're getting it from the other side. when we think about fighting corporate power. we have to anticipate what the other side is gonna do. i think the book is a bit efficient. what i'm suggesting to you is that any movement even post pandemic. is going to require a battle. i have a couple of questions. you may have some comments now that you've heard this. this is now that you have heard in a and david. i start chapter three talking about the rule of law as an unqualified good. they use that idea or way what he calls the idea notion of law. but it not only constitutes that. it's a very important aspiration that we should have. it is actually a really a call for the rule of law. i feel like the corporate s

rachel hyatt. the treasure island mobility management agency. good to see some of you again. and meet some of you for the first time. i have information to share that was meant to be presented and actually was shared with the timma committee in -- for our meeting yesterday. however, that meeting ended up being canceled. and so the committee has been briefed on this material, but it hasn't actually been presented to them yet. that will happen now probably at a december meeting. so you should -- i believe i'm sharing my slides now. so just to set up this presentation about the mobility management program, because at least for me this is the first time i've had the opportunity to speak with some of the board members about the mobility management program. our approach here is to really try to achieve these great opportunities that are before us, to have treasure island be a real transit-first community, as envisioned in the development agreement. a model of environmental sustainability, as envisioned in the development agreement. and also equitable and we don't think that those a

. >> maybe the thought is that air bnb will displace the business of hyatt and marriott which it eclipsesvaluation. can you get your arms around that sort of explanation >> it's funny, a few years ago when we saw these gig economy companies take off and we were worried about businesses and workers because of disruption. when you think about it, the hospitality industry has about 2.5 workers that a lot of them are furloughed or out of jobs. if air bnb comes back, which a lot of people think they do, there will be tremendous disruption in our workforce. it's a great company we were all renting houses on vrbo before air bnb existed. it's not like they invented the space. to me it doesn't make sense. but it is not on the bankers, it's about the investors who want to buy it >> rick, good to see you >> good to see you again how is everybody doing >> great you still own shares have you sold any? >> i have sold zero. i have invested along the way and happy i did. >> that answer sort of answers this question. you got in on a thrower colowert basis. would you buy air bnb stock at 144 a share? >> i

shirley years old and i live in northern virginia for a long time, retired from the hyatt hotel chain is a chef. feel sorryg you, i for americans like yourself who don't see the damage that donald trump is doing to this country. has twohame that he report to americans how he has destroyed our country in front of us. there are thousands of people dead. he is $400d out -- million in debt to people we don't know, and you support that. it is really a shame. i hope you understand one day that this man you are supporting to the american people and presenting to the american people was a disgrace, and we will find out exactly what criminal enterprise he is a part of when he is out of office. thank god for joe biden. int: that is all of our falls church. first, i need all the pity i can get. second, i have also -- often praised joe biden in the past and praised bill clinton in the past and praised john kennedy in the past, so i tried to be a nonpartisan in my approach to the american presidents. host: let's go to anthony. if you are done, mr. shirley. guest: unless you want me to say more. ho

is worth more than all of the big chains like hilton the hyatt or marriott combined in that for a company that says in this prospectus that it actually never might be profitable they had a profit here or there but for this year so far they have a loss of about $700000000.00 a b. and b. it did profit recently that travel assisting closer at home renting cabins entire houses and that for a longer period of time rather than staying in a hotel but that the stock price doubled and now we see this almost $100000000000.00 valuation that clearly is quite a remarkable yeah and this just as to what's been a remarkable year in terms of what is it about 2020 that brought us to the record heights we've had. you know well i mean what happened is that was the pandemic that central banks all over the globe even pump more money into the system we're seeing negative rates or 0 rates and that actually brings a lot of liquidity and people keep buying everything what's on the market pending on the metric of 2020 has been a record year for i.p.o.'s so far here in the u.s. companies raised about $150000000000.0

guest: i was on the hyatt , working on the grand hyatt with the general contractor.got to know me on that project, and although he had his own people working there, he had some talent coming up, so he hired me to be in charge of talent. it was incredibly prestigious. he was a big move up for me. -- it was a big move up for me. host: you write in your book about president trump's penchant for hiring the best people but also hiring yes men and women to be around him. when does he want the best people around versus when does he want the yes-men, yes women around? guest: now, he always wants the yes men and women. he must be told yes, he must be built up, must be buffeted and supported. otherwise, he will do away with the person. the latest victim is william barr. that guy practically walked through flaming calls for him. but it didn't matter. at the last minute he didn't do it he was supposed to do. years ago it used to be about hiring the best people. andy had the best people. i watched that evolve. i left him and came back, and i saw that there were people there that

is worth more than all of the big chains like hilton the hyatt or marriott combined in that for a company that says in this prospectus that it actually never might be profitable they had a profit here or there but for this year so far they have a loss of a biologist $700000000.00 every m.b. it did profit recently that travel assisting closer at home renting cabins entire houses and that for a longer period of time rather than staying in a hotel but that the stock price doubled and now we see this almost $100000000000.00 valuation that clearly is quite a remarkable yeah and this just as to what's been a remarkable year in terms of what is it about 2020 that brought us to the record heights we've had. now well i mean what happened is that was the pandemic that central banks all over the globe even pump more money into the system we're seeing negative rates or 0 rates and that actually brings a lot of liquidity and people keep buying everything what's on the market pending on the metric of 2020 has been a record year for i.p.o.'s so far here in the u.s. companies raised about $150000000000.0

book, "the moral foundation of economic behavior," oxford university press, was nominated for the hyatt book prize, and his latest book is titled "why culture matters most,", oxford university process. i think this is an extremely important book given the political and cultural crisis that we now find ourselves in here in america. think about it, the institutions that are supposed to hand down the great cultural inheritance of western civil sawtion, the civilization upon which the united states is based, are failing. they're failing miserably at their respective tasks in education, in media, in the arts, in business, in politics. it is hard to think of an important institution in america today that takes seriously the virtues and the ideals that make liberal democracy possible. one of the crucial points that dr. rose makes in his book is that a free market democracy requires a culture of trust, of trust, a high trust society. many would argue though that this is the one type of society that we do not now have. we don't seem to be educating the next generation intellectually, morally, sp

pressure, a combination of airlines and hotel chains like intercontinental which along with marriott and hyattcent footprint across europe for marriott, 50% of the earnings are deruived in europe prompting a significant selloff in the cruise lines. remember, they're not at sea right now. the concern is that this will lead to an extended shutdown the cruise lines are eyeing a restart in the spring. we're looking at norwegian cruise line down 4% at this hour >> thanks. let's get a news update from sue herrera. >> good morning, everybody here's what's happening at this hour the justice department unsealed new charges in the bombing that took down a pan am jet, pan am 103, over lockerbie scotland 22 years ago today. attorney general barr made at announcement at the last news conference in that role. on capitol hill, a statue of robert e. lee is removed it represented virginia's contribution and stood there for 100 years. virginia will replace it with a statue of barbara jones. the protest of poor dnz at her all blook high school became part of the landmark brown versus board of education decision

$43 billion, it was already going to be worth more from a market value, more than marriott, expedia, hyatt $109 billion valuation that is implied with a price around what we're going to see right now at $156, you're talking about making it worth more than booking holdings and hilton almost combined at this point. this is one of those situations where if you look at the overall scheme for the travel industry, how exactly does the pie carve up what exactly is airbnb's part of that pie there is a lot of skepticism, not because of the business model, not because of what's happening with its growth prospects, but how much is it worth if the travel and leisure industry is worth "x" dollars, what is their share in the whole process? i would point out, if you look at the way airbnb has navigated the whole process, this is a massive way to go through a traditional ipo and still drum up the kind of support you have from the investor base to bid up a stock to this level. this speaks about the sentiment going around the ipo market as well, kelly. >> before we move along, let's talk about who will bene

rachel hyatt will present this. >> thank you. the opportunities that the development agreement and the plan within it seek to -- seek to take advantage of are the opportunity to build a transit first community and to build a sustainable environmental sustainable community. the risks to doing that are the fact that the island are only accessible to the congested san francisco oakland bay bridge and only have one means of access that isn't by car. so the challenges include an income that -- a community that isn't a transit oriented place, and the challenge that goes along with that is to provide those high quality options, and multiple options for getting on and off the island without folks feeling like that's their only choice. the transit plan, accordingly, is a significant level of new transit service that will phase in as development phases in but will start with a ferry san francisco between san francisco and treasure island and a new bus service between the island and downtown oakland. the ability to walk and bike on island,

guest: i was on the hyatt working on the grand hyatt with the general contractor.d got to know me on that project and although we had a crew, he had his own people working there. he had trump tower coming up any one of work on that. i was in charge of doing that. it was an incredible procedure. it was a big move up for me. host: you write in your book about president trump's penchant for hiring the best people but also hiring yes men and women to be around him. bestdoes he want the people around versus when does he want the yes men and women around? guest: now, he always wants the yes men and women. he must be told and he must be built up any must be buffeted and supported. otherwise, he will do away with the person. years ago, it was about hiring the best people. i watch that evolve and i left him and came back and so there were people there, not the kind of people i was used to seeing in top positions and overtime, the more he believed he knew more than anyone else, the more he needed to be re-told that until he got to this point. there are cases when you say you

rachel hyatt will present this. >> thank you. the opportunities that the development agreement and the plan within it seek to -- seek to take advantage of are the opportunity to build a transit first community and to build a sustainable environmental sustainable community. the risks to doing that are the fact that the island are only accessible to the congested san francisco oakland bay bridge and only have one means of access that isn't by car. so the challenges include an income that -- a community that isn't a transit oriented place, and the challenge that goes along with that is to provide those high quality options, and multiple options for getting on and off the island without folks feeling like that's their only choice. the transit plan, accordingly, is a significant level of new transit service that will phase in as development phases in but will start with a ferry san francisco between san francisco and treasure island and a new bus service between the island and downtown oakland. the ability to walk and bike on island,

rachel hyatt. the treasure island mobility management agency. good to see some of you again. and meet some of you for the first time. i have information to share that was meant to be presented and actually was shared with the timma committee in -- for our meeting yesterday. however, that meeting ended up being canceled. and so the committee has been briefed on this material, but it hasn't actually been presented to them yet. that will happen now probably at a december meeting. so you should -- i believe i'm sharing my slides now. so just to set up this presentation about the mobility management program, because at least for me this is the first time i've had the opportunity to speak with some of the board members about the mobility management program. our approach here is to really try to achieve these great opportunities that are before us, to have treasure island be a real transit-first community, as envisioned in the development agreement. a model of environmental sustainability, as envisioned in the development agreement. and also equitable and we don't think that those a

because if we were doing this in person, if it was not covid time, i thin we would likely be in the hyatt auditorium a cato, and that woulde really apt for this conversation. be a perfect environment because the poock fundamentally deal width the issue how military organizations deal wit the complex information environment, and that's something that hayak knew about. that's what he was writing about with respectt the economy, the complex information technology of the economy, and it's only in one passage in the book but jon is quite explicit about h hayak and this thinking influeed the development of the theory in the poock and the kind of thing that would grab a lot of people in the cat audience. so, jones to note that decentralization hayaks general recommendation, isn't always best and that is true, so there are sometimes negative externallal-its for oer parts of the organizatio so if one part of the organization adapts, if one military unit adapts i a way that makes theirnformation less useful or less communicae to the rest of the military that can hurtou're military performance, that

coverage of the georgia run off debated between senator kelly loeffler and raphael warnock, you see it hyattg to be hosting that ainsley? ainsley: we are all so excited about that. wants to watch it. two important elections at the first week of january. so we'll be following that so watch on sunday. let's talk but the defense bill because the president was tweeting out is he going to veto it unless section 230 is repealed. he tweeted out he said section 230 which is a liability shielding gifts from the u.s. to big tech, the only companies in america that have it, corporate welfare. is a serious threat to our national security and election integrity. our country is never be safe and secure if we allow it to stand. therefore, it's very dangerous and unfair section 230 is not completely terminated as part of the national definition authorization act i will be forced to unequivocally veto the bill when sent to the very beautiful resolute desk. take back america now. thank you. ainsley: why is it that social media is so protected from liability? >> well, they shouldn't be, ainsley. section 230 da

worth 100 billion and revolutionized the travel business and worth more than marriott, hilton and hyattday, never heard of it? probably not but it is a ai artificial intelligence company and the stock doubled on day one. clearly there is an appetite for new technologies when there is a chance to invest in them. i think it was a good newsweek which we needed a national mood is highly celebratory even though the holidays are upon us. we are fatigued and bored but the vaccine which arrived this week offers real hope, this thing could be gone soon. all that money going into new forward-looking companies shows confidence in the future. ignore the whining socialists. this is america. the third hour of "varney & co." is about to begin. ♪ stuart: where is it? there he is great you are on charles, wake up you are on. [laughter] i want to talk to you about ipos turning into instant billionaires. real froth. you are one of the great investors of this world and you're doing very well so when you look at these ipos, what do you think? >> there are a lot of things that go through my head but not the