is. >> oh, okay. >> that's why airbnb always calls you guests. >> sreenivasan: airbnb has taken steps to remove users who have a large number of listings. >> we, like the attorney general, support the idea of cracking down on illegal hotels and unscrupulous landlords. in the spring, we took down 2,000 listings, what we were calling "bad actors" who we just felt shouldn't be using the site. >> sreenivasan: but state senator krueger argues airbnb is enticing landlords like the one in the undercover video to convert apartments into short- term rentals, which can be more profitable than renting them to long-term residents. and that, krueger says, makes it harder for new yorkers to find affordable housing in a city where the housing market is already tight. >> airbnb has told me, "if you could just do one or two, it would be okay." and the answer is no, because if 10,000 people decide to rent out two apartments full-time, that's 20,000 units off the market. >> sreenivasan: so, we're sitting in an illegal hotel room, according to the state senator. >> ( laughs ) yes. i have a difference of

how does airbnb handle that side of things? guest: the chinese government prefers people have records of people staying. especially foreigners. that obviously applies to anyone operating a business in china, so it is up to the host to deal with such matters. emily: so the hosts are doing that? guest: it is up to the host. the government is encouraging it to be open about more ways to collaborate and we will see what happens as the scale grows. emily: it is interesting they are looking for a ceo of airbnb china. could uber benefit from something like that? they have run into many issues and their offices were just raided. guest: transportation is a lot more regulated as a sector so over has challenges to deal with that. emily: what other companies could benefit from having a ceo in china? companies looking to expand -- is that the way to get into china? guest: the way to get into china is to find the right local partner. it's important to figure out what is the right middle ground that both sides can accept. to make the producti

, demand is therefore airbnb -- how much demand is there for airbnb? polly: i hear all kinds of numbers. just doing someone it for mardi gras, jazz fest, or someone doing it all year round. describe the impact hurricane katrina had on the rise of the sharing economy and the need for regulations to govern these kinds of services? ly: i think it is safe to say cents hurricane katrina, all eyes have been on new orleans. you can't pick of the population what a greatng destination it is for tourists. and the sharing economy has made it possible for new orleans resident super dissipated in the recovery since hurricane katrina. emily: have you gotten any help from airbnb specifically? have not. we would love that, but no, we have not. emily: what is left? what steps need to be taken? we need to agree on an ordinance. it's a discussion happening worldwide, paris, san francisco where you are, emily. it's a big conversation and we have to figure out what will work for new orleans as far as how to approach it and make it regulated and legal. emily: all right, int

how does airbnb handle that side of things? guest: the chinese government prefers people have records of people staying. that applies to anyone operating a business in china, so it is up to the host to deal with such matters. emily: so the hosts are doing that? guest: it is up to the host. it government is encouraging to be open about more ways to collaborate and we will see what happens as the scale grows. interesting they are looking for a ceo of airbnb china. could uber benefit from something like that? they have run into many issues and their offices were just rated. guest: transportation is a lot more regulated as a sector so over has challenges to deal with that. other companies could benefit from having a ceo in china? companies looking to expand -- is that the way to get into china? guest: the way to get into thea's to final -- to find right local partner. it's important to figure out what is the right middle ground both sides can accept. then you have a china ceo who has some kind of decision-making power to make adjus

how does airbnb handle that side of things? guest: the chinese government prefers people have records of people staying. that applies to anyone operating a business in china, so it is up to the host to deal with such matters. emily: so the hosts are doing that? guest: it is up to the host. the government is encouraging it to be open about more ways to collaborate and we will see what happens as the scale grows. emily: it is interesting they are looking for a ceo of airbnb china. could uber benefit from something like that? they have run into many issues and their offices were just rated. guest: transportation is a lot more regulated as a sector so uber has challenges to deal with that. emily: what other companies could benefit from having a ceo in china? companies looking to expand -- is that the way to get into china? guest: the way to get into china is to find the right local partner. it's important to figure out what is the right middle ground both sides can accept. then you have a china ceo who has some kind of decision-mak

what is the state of airbnb you see in new orleans right -- airbnb use in new orleans right now? polly: legalization is coming. i am happy to say that we are working with the city council to get legalization in place by the end of the year. emily: but how many people are using it? how much demand is there for airbnb? polly: i hear all kinds of numbers. anywhere between 1800 and 2000, probably, but that is not people who are doing it full-time. it could be someone just doing it for mardi gras, jazz fest, or someone doing it all year round. emily: so how would you describe the impact hurricane katrina had on the rise of the sharing economy and the need for regulations to govern these kinds of services? polly: i think it is safe to say that since hurricane katrina, all eyes have been on new orleans. you can't pick up a publication today without seeing what a great destination it is for tourists to visit. and the sharing economy has made it possible for new orleans residents to participate in the recovery since hurricane katrina. the residents are why the recovery -- emily: have you

how successful will uber and airbnb be in china? what challenges will they face, expanding into these local chinese markets? lulu chen still with us, who lives in china, and can give us the exact picture of what these services look like. let's start with airbnb. what you think about the strategy they have mapped out to expand in china? lulu: the first thing they say is right now they want to look for a ceo in china to manage the business. if you look at companies that have managed to do this successfully, like linkedin, they were looking for people with a wide range of experience operating on the ground in china, but also having the communication ability to communicate with managers in the u.s. so they have enough support and backing of the headquarters, and also, an understanding of how the regulatory environment works. it's really important when you are trying to compete with local competitors on the ground to -- you know how to navigate the environment and know the customers and local regulations. emily: how would you compare the

airbnb is based on the internet. this is a country with hardly any internet. how do you overcome that hurdle? >> cubans are entrepreneurs and they have [ inaudible ] and for those that don't have internet, they have found ways to leverage local connections to represent many. >> reporter: here in cuba there's a sort of gray market for internet access. those lucky few that do have a legal connection to the internet manage the airbnb listings for those who don't. airbnb says cubans who have rented out their homes have received on average $90 for each day. a huge amount of money in a country where the average salary is only $20 per month. i'm michelle caruso cabrera in havana. >>> in drought-stricken california reservoirs have turned black and officials want them that way, black plastic balls are covering water sources in the los angeles area as a way to preserve that precious resource. jane wells has our story tonight. >> three, two, one. balls away! >> reporter: in california's epic drought no idea is too crazy. not even releasing into l.a. reservoirs plastic ba

this woman actually rented out this home from its owner on airbnb. the guest turned alleged burglar caught on surveillance camera, stealing over $35,000 in valuables, according to authorities, after being told to stay out of the locked closet and office. >> she basically the doorknob and door itself. >> reporter: theft is just one nightmare for homeowners. >> this is awful. >> reporter: mark and starr king, parents to two young sons headed over the keys to their calgary home to rerntss who were supposedly in town for a wedding. >> anything imaginable that would violate a home has happened here. >> reporter: according to neighbors, the guests started their own party. >> within three or four hours that we exchanged keys, a party bus was here. >> reporter: a party that lasted several days and left their once-immaculate home unrecognizable. >> we don't want to touch anything. broken glass everywhere. there's barbecue sauce on the ceiling. >> reporter: the total amount of damage, roughly $50,000 worth. according to the kings. air airbnb covers up to $1 mi

this woman actually rented out this home from its owner on airbnb. the guest turned alleged burglar caught on surveillance camera stealing over $35,000 in valuables, according to authorities, after being told to stay out of the locked closet and office. >> she basically the doorknob and door itself. >> reporter: theft is just one nightmare for homeowners. >> this is awful. >> reporter: mark and starr king parents to two young sons headed over the keys to their calgary home to rerntss who were supposedly in town for a wedding. >> anything imaginable that would violate a home has happened here. >> reporter: according to neighbors, the guests started their own party. >> within three or four hours that we exchanged keys, a party bus was here. >> reporter: a party that lasted several days and left their once-immaculate home unrecognizable. >> we don't want to touch anything. broken glass everywhere. there's barbecue sauce on the ceiling. >> reporter: the total amount of damage roughly $50,000 worth. according to the kings. air airbnb covers up to $1 milli

>> well, the difference, deirdre is that these are not airbnb properties, they are airbnb properties in the same way a travel agent would be responsible if something happened to you at a two-star hotel in malaysia. they may use the word guest, there are all these disclaimers. no reasonable person could think airbnb could supervise 800,000 houses around the world. you would make them into a hotel and shut them down overnight. i don't think anybody reasonably could expect airbnb to be responsible for the conduct of all 800,000 people, and works the reverse way as well. airbnb gets people who have houses to admit strangers into their house, and you can't expect -- deirdre: on both sides. >> you can't expect airbnb to say don't worry person renting the room out in their house, jack the ripper or charles manson won't come in, if they do, we'll try and help you. it's knowing people who want to be matched up. deirdre: maybe some of the properties, nicole, i'm interested in your take on this, should develop unique codes that only the renter would have access to. do you think that's technolog

the picturesque bay area city that just voted to ban "airbnb" that just voted to ban "airbnb" and that's next. (explosion) (groans) you want that to go again sweetie? the thing burger. welcome to denny's. fantastic 4, only in theaters. aa chance to try somethinglook. different. this summer, challenge your preconceptions and experience a cadillac for yourself. take advantage of our summer offers. get this low mileage lease on select ats models, in stock the longest, for around 269 per month. >>> donald trump has a new target in his battle over immigration. facebook's ceo mark zuckerberg. trump wants to curb the work visa program that has helped bring thousands of engineers to silicon valley. zuckerberg is part of a group of executives who want to increase the number of work permits. florida senator marco rubio who is also running for the gop nomination is pushing a bill to do just that prompting trump to refer to him as zuckerberg's personal senator. zuckerberg's pro immigration advocacy group released a statement calling trump's proposals absurd. >>> many bay area cities have been trying

." >> sreenivasan: krueger, who has often been dubbed airbnb's doubter in chief, was the primary sponsor of the 2010 state law that effectively banned short-term apartment rentals in new york city. >> they encourage illegal activity. they don't have to, but they choose to do so as a business model. >> sreenivasan: and the short- term rental activity that troubles officials like krueger and attorney general schneiderman most is what they call "commercial users" of airbnb and similar web sites. >> people becoming entrepreneurs and renting one to 100 apartments, claiming that they're their own homes, and turning them into ongoing

she began renting out rooms in her san diego home on airbnb, charging 80 bucks a night. earning $15,000 over 2 years. >> this is one guest room that was available. >> reporter: smith says she thought she was following the rules. >> we contacted the city tax office that assured us that we were covered. >> reporter: but the city recently shut her down, slapping her an $18,000 fine for running a bed and breakfast without a permit. cities scrambling to catch up with the rental craze. santa monica, california cracking down too, requiring airbnb hosts to live on the property during a renter's stay, and collect a 14% occupancy tax. and new york city considering fining hosts up to $50,000 for running illegal hotels. airbnb telling abc news today it lists the rules for some cities on its website, but it's up to hosts to make sure they aren't breaking the law. >> one office says one thing, and another office says something else, and i don't know which way to go. >> reporter: as for smith, she's fighting the fine saying she's happy to play by the rules, if only they'd been made mor

. >> most airbnb rentals go fine. then they don't . >> she discovered all her items were taken and valued about $30,000 worth of jewelry and watches. >> reporter: electronics a printer, and it looks like at least on video that this woman did it. star of a surveillance video shot in the apartment and in the computer store downstairs. the suspect identified as jana dominguez of richmond. she rented the place and through the stay, went through the drawers in a room that was locked and was told was off limits. every host's nightmare. >> i'd say it's not a very common thing. can it happen? yes, it obviously happened in this case. >> reporter: airbnb didn't want to go on camera but then told kpix in a statement over 45 million hosts and guests have had positive experiences on airbnb and situations like this are i

she began renting out rooms in her san diego home on airbnb, charging 80 bucks a night. earning $15,000 over 2 years. >> this is one guest room that was available. >> reporter: smith says she thought she was following the rules. >> we contacted the city tax office that assured us that we were covered and nothing else were covered. >> reporter: but the city recently shut her down. slapping her with an slapping her with an $18,000 fine for running a bed and breakfast without a permit. santa monica, california cracking down too. requiring air bnb hosts to live on the property during a renter's stay, collect a 14% occupancy tax. new york city considering fining hosts of up to $50,000 for running illegal hotels. airbnb telling abc news today it lists the rules for some cities on its website, but it's up to hosts to make sure they aren't breaking the law. >> one office says one thing, another office says something else and i dont know which way to go. >> reporter: as for smith, she's fighting the fine saying she's happy to play by the rules, if only they'd been made more clear

she began renting out rooms in her san diego home on airbnb, charging 80 bucks a night. earning $15,000 over 2 years. >> this is one guest room that was available. >> reporter: smith says she thought she was following the rules. >> we contacted the city tax office that assured us that we were covered. >> reporter: but the city recently shut her down, slapping her with an $18,000 fine for running a bed and breakfast without a permit. communities coast to coast, scrambling to catch up with the rental craze. santa monica, california cracking down, too, requiring airbnb hosts to live on the property during a renter's stay, and collect a 14% occupancy tax. and new york city considering fining hosts up to $50,000 for running illegal hotels. airbnb telling abc news today it lists the rules for some cities on its website, but it's up to hosts to make sure they aren't breaking the law. >> one office says one thing, and another office says something else, and i don't know which way to go. >> reporter: as for smith, she's fighting the fine saying she's happy to play by the rules, i

lots of cities ban airbnb rentals. our procedure wen to the town to learn why. >> want to make money renting out a home in your room? you can't in utah. >> st. george passed a law you can't rent your home fewer than 30 days. wait a second, it's your home. isn't that your castle? can't you do what you want? >> i found myself with a big house, underutilized asset. >> karina decided to rent her basement through airbnb. >> i want toia what i've got, what i own. i want to lempl that. >> ricki checked out her ad, found great reviews. this is my favorite place to stay in st. george. it's spacious, clean, the nicest host. >> if you look at profile ratings, it's all five gold stars. >> hey, you made it. you found us all right. >> so ricki decided to stay there. they gave her the secret code to the door. >> you use your code we gave you to get in. come on in. i'll show you around. >> wow, this is big. >> yeah. you've got the whole basement to yourself. it's locked off from the upstairs. so you won't have any kids coming down her

lots of cities ban airbnb rentals. our procedure wen to the town to learn why. >> want to make money renting out a home in your room? you can't in utah. >> st. george passed a law you can't rent your home fewer than 30 days. wait a second, it's your home. isn't that your castle? can't you do what you want? >> i found myself with a big house, underutilized asset. >> karina decided to rent her basement through airbnb. >> i want toia what i've got, what i own. i want to lempl that. >> ricki checked out her ad, found great reviews. this is my favorite place to stay in st. george. it's spacious, clean, the nicest host. >> if you look at profile ratings, it's all five gold stars. >> hey, you made it. you found us all right. >> so ricki decided to stay there. they gave her the secret code to the door. >> you use your code we gave you to get in. come on in. i'll show you around. >> wow, this is big. >> yeah. you've got the whole basement to yourself. it's locked off from the upstairs. so you won't have any kids coming down her

airbnb could add pressure to that. >> i disagree with that. even depend department in san francisco has released a statement that says that an airbnb host would have to rent out their unit to an airbnb just 257 days a year in order to derive more income than just renting it out. and so the notion that airbnb is part of the problem, it is completely false. it is just a conjured up argument that the opposition of airbnb, people who don't understand the sharing economy have come up with. >> that database, the market rate rent only post about a little over 10% of the housing stock in san francisco so there's a large swath of people are rent-controlled or bank way below whatever the 3600 meeting is. there is a pretty strong financial pressure for them to be much more lucrative. >> keep in mind, airbnb got started in 2008 in the city of new york. the founders nuclear during the financial crisis, and this is where airbnb got its initial growth in brand name. because people in new york were going to be displaced and evicted from their homes and apartm

i sit down with the company's cfo to talk about competition from google and airbnb. first our lead -- microsoft is considering an investment in uber at a valuation of about $50 billion, but a final decision has not been made. microsoft declined to comment but, uber recently bought a portion of microsoft's bing mapping unit from the software giant and they are integrating uber into cortana's voice control assistant, which means you can sync with microsoft devices. christina bass is on the phone. with me in the studio is hunter walk, who will be my guest host for the show today. also, technalysis research founder bob o'donnell and crawford del prete. thank you for joining us. dina, i will start with you because the "wall street journal" is reporting this deal is closed. you say a deal is not done yet. what is really happening? dina: i was told definitively microsoft has not participated in a round, has not made an investment but rather they are considering an investment. there are discussions ongoing and evaluation would be about $50 billion. that is what i heard from

the nails like uber and airbnb. but a start-up like zirtual that we've heard about, "fortune" has a good piece on it. it had a nice run rate, but it's burn rate was a little bit out of control and they couldn't get the investment that they thought was going to be easier to get. investors are saying -- wait a minute, you ought to be able to survive on your own. that is going to send a signal here. we'll see how serious a signal it is. these companies really need to suck in the gut and start worrying about burn rate a lot more. >> is there a reason why it should be happening now, henry? >> people will point to reasons. is this the end, two years from now we're in a tech depression. we start to come out of it. people will say, it was this and this and this. ultimately, who knows? some point the money begins to run out. people get a little more cautious. it could be the threat of rising interest rates. suddenly money is not going to be free any more. >> expectations of all assets. we need to keep our eyes on. >>> finall

airbnb, a website for short term apartment in room rentals launched in cuba in april. since then the number of listings has more than doubled. juliet arosa and her husband rent out their renovated home in havana. >> in the last three months or so it has been crazy because i have received so many phone calls, so many requests through our web page, our airbnb either, because people is getting always more curious about cuba. we feel flattering because everyone wants to come to see our country. so it's great. >> and join meg now is airbnb cofounder and chief product officer joe. thank you so much. >> andrea, thanks for having me. >> it seems to me for people who want to see what havana really is like, this is kind of perfect for your product line. >> well, airbnb was founded on the basic hospitality principle of people care for each other around the world. we also believe that people want a chance to empower themselves. so the embassy opening in cuba for airbnb means that first time american will have a chance to come and stay with cubans and get to know them. and we can a

n custody a woman who got more than a good night's sleep at an airbnb apartment. >> most airbnb rentals go fine. then they don't . >> she discovered all her items were taken and valued about $30,000 worth of jewelry and watches. >> reporter: electronics a printer, and it looks like at least on video that this woman did it. star of a surveillance video shot in the apartment and in the computer store downstairs. the suspect identified as jana dominguez of richmond. she rented the place and through the stay, went through the drawers in a room that was locked and was told was off limits. every host's nightmare. >> i'd say it's not a very common thing. can it happen? yes, it obviously happened in this case. >> reporter: airbnb didn't want to go on camera but then told kpix in a statement over 45 million hosts and guests have had positive experiences on airbnb and situations like this are incredibly rare. >> do i fear that this will happen to me? no, not at all. >> reporter: tim ryan has been renting out rooms on airbnb for years and said he's never had trouble, but he's careful. >> i screen

. >>> tonight airbnb is calling what you are about to see very rare. san francisco police say this woman, jana dominguez, made off with about $35,000 in jewelry after she used airbnb to rent an apartment in the sunset. the jewelry was in a locked safe. they say she also stole some electronics including a printer. tonight they is under arrest. >> well, in this case the victim tried to do everything she could by locking the doors, by having video surveillance which actually helped out significantly. >> in a statement airbnb said over 45 million hosts and guests have had positive experiences on airbnb and situations like this are incredibly rare. >>> yaw loo is doing a -- yahoo is doing a security check tonight after a big hack attack. the hackers used ads on the websites to send malware. the malware hunted for an outdated version of adobe flash to take control of the computer. yahoo would not say how many were affected, only that the problem has been fixed. >>> also tonight a new way to buy lottery tickets. phil ma dealer shows us you can -- matier shows

in this situation i'm delighted that airbnb has now changed their policy of how they respond to people who say there's an emergency. >> and what are those changes now? >> they have changed it to say that their personnel -- let's just take the situation with this mother. she calls and says my son says that he's locked in by the host. she calls airbnb and they don't call the police, they tell her to call the police, but she has no address. >> and she's somewhere else. >> she's in the states and he's in madrid. so what they have done now as a result of this incident is that they have now said that their policy will be that their employee will then call the police and alert the police and give them the location. and i understand the privacy of not having given it to the mother. >> because, a, they're not really sure that that's mom who's called so there is a level of security that should be in place to say anyone who calls and say they want to know the whereabouts of somebody who's registered, we don't know what the relationship is, we shouldn't give that. >> we don't want to do that. >> b

. >> you are watching security camera video that led to an airbnb bust. the woman from richmond went into the home in san francisco through airbnb in april and forced her way into a locked room and stole $35,000 worth of items. police identified her in june after the home owner turned over security video of the crime and now she in custody. airbnb say insurance dens like this are rare. >> a rather cool day yesterday and are we remaining below average? >> inland which is great news for the fighters in the rocky fire with ideal conditions, calm to 4 miles per hour is the wind. temperature is june and humidity is 87 percent. with the southern winds all the heavy smoke was moving almost due north cross bartlet springs and across 20 to walker ridge. here is what will happen with the gusts, going down through the morning and picking up at 14 miles per hour and it will go calm again. become at home, it is quiet around san rafael and we will break down the afternoon. inend that, especially the east bay, is cooler-than-average at 79 to 85 and the coast and san fra

>>> and and an airbnb horror story. an american teen claiming he was locked up and sexually assaulted in spain. how airbnb is responding to the allegations. school bell rings ] ♪ [ female announcer ] everything kids touch at school sticks with them. make sure the germs they bring home don't stick around. use clorox disinfecting products. you handle life; clorox handles the germs. you handle life; what do a nasca comedian... and a professional golfer have in common? we talked to our doctors about treatment with xarelto®. xarelto® is proven to treat and help reduce the risk of dvt and pe blood clots. xarelto® has also been proven to reduce the risk of stroke in people with afib, not caused by a heart valve problem. for people with afib currently well managed on warfarin, there is limited information on how xarelto® and warfarin compare in reducing the risk of stroke. i tried warfarin before, but the blood testing routine and dietary restrictions had me off my game. not this time. not with xarelto®. i'll have anothe

more nan a million people renting out rooms in their home on the website airbnb. and a surveillance camera catching this. here is abc's gio benitez. >> reporter: watch closely because police say what you're looking at is a theft in progress. 27-year-old jana dominquez renting this home through the website airbnb, then allegedly rummaging through the owner's belongings making off with $35,000 in valuables. the owner told her she couldn't go into the home office, but that's exactly what police say she did. that camera watching it all. >> she basically broke the doorknob and the door itself. >> reporter: we've heard about home rental nightmares, like this couple, seen on camera overstaying their booking. living rent free, taking advantage of a california law that would require formal eviction after 30 days of renting. in the end, the owner had to pay them to leave. and this couple, renting out their place only for it to turn into a major party, lasting for days and causing over $50,000 in damages, according to the owners. as for that latest case, tonight airbnb says

even uber and airbnb will join people together. these are all matching markets. you cannot choose your spouse but they don't determine what gets what. there are other institutions so even of the of the bay as the auction site. >> what do those marketplaces have to do to facilitate markets? first-ever test to attract people to the marketplace. to deal with the of problem of congestion they are hard to handle or hard to evaluate. like the amazon they have search engines otherwise it would be really hard to navigate. but think about airbnb to put lots of people to see why it is a problem imagine what would happen if they call out to have that by remember then what about july 28? to offer very few moose. but it could be very hard if you call hold the to ask but the market's our fault with that congestion so there is no waiting list for that. so a they don't have to sort through the reservations. so airbnb is the market is hard to imagine how it could have worked before the smart phone to quickly go on to the web. even uber more so. if you think about technology you c

caught on tape accused of ripping off her airbnb host. the new pictures and nightmare for the owner. you are watching "world news now." >>> "world news now" weather, brought to you by olay regenerist. hands...where it belongs. olay regenerist. it regenerates surface cells. new skin is revealed in only 5 days. without drastic measures. stunningly youthful. award-winning skin. never settle for anything less. the regenerist collection. from the world's #1. olay, your best beautiful >> i'm alex trebek. if you're age 50 to 85, this is an important message. so please, write down the number on your screen. the lock i want to talk to you about isn't the one on your door. it's a rate lock for your life insurance that guarantees your rate can never go up at any time, for any reason. but be careful. many policies you see do not have one, but you can get a lifetime rate lock through the colonial penn program. call this number to learn more. this plan was designed with a rate lock for people on a fixed income who want affordable life insurance that's

caught on tape accused of ripping off her airbnb host. the new pictures and nightmare for the owner. you are watching "world news now." >> announcer: "world news now" weather brought to you by olay regenerist. regenerist. hands...where it belongs. olay regenerist. it regenerates surface cells. new skin is revealed in only 5 days. without drastic measures. stunningly youthful. award-winning skin. never settle for anything less. the regenerist collection. from the world's #1. olay, your best beautiful >> i'm alex trebek. if you're age 50 to 85, this is an important message. so please, write down the number on your screen. the lock i want to talk to you about isn't the one on your door. it's a rate lock for your life insurance that guarantees your rate can never go up at any time, for any reason. but be careful. many policies you see do not have one, but you can get a lifetime rate lock through the colonial penn program. call this number to learn more. this plan was designed with a rate lock for people on a fixed income who want affordable l

and obviously airbnb has done great. emily: you have been called the start-up whisperer of silicon valley. what does whispering to start-ups involve? [laughter] reid: well, i'm not quite sure. i guess what people who use that term -- i don't identify myself that way -- by being an entrepreneur myself, by being a participant in a lot of the early stage companies -- and it's not that i know everything. but i know some things that are useful. emily: we live in an age of four and increasingly powerful him and platforms. apple, google, facebook, and amazon. do you worry at all that any one of them could become too powerful? reid: yes. although not necessarily specifically each one of them. but more as a general system. but naturally, when you have aggregation of platforms, you have to worry about leaving room for entrepreneurs, leaving room for innovation. and so i worry about that on a general basis. not on those specific four companies basis. because i talked to all of the, you know, ceos of those companies. they are all li

a story we are watching also, test losla and airbnb. they are starting with 30 .tations at airbnb properties tesla has donated and installed these stations and plans to add more. a status update. republican presidential candidate donald trump taking aim at the thousands of foreign engineers working at silicon valley. his immigration plan would h-1rease the amount paid to visas. a group o representing mark zuckerberg in bill gates heading back at his plan. the group forward u.s. wrote in a blog post, "the idea we should restrict them is just wrong." the h-1b visa program is hugely popular among these take u.s. companies. this year, 65,000 slots were filled within the first week employers could apply for them. love technology companies to employ people from overseas. coming up, the new product behind salesforce better than expected forecast. yelp gives taxpayers a place to how much they love the irs or tsa. stay with us on "bloomberg west." ♪ matt: hot storymatt: we are watching today, california regulators say they have evidence uber f

and obviously airbnb has done great. emily: you have been called the start-up whisperer of silicon valley. what does whispering to start-ups involve? [laughter] reid: well, i'm not quite sure. i guess what people who use that term -- i don't identify myself that way -- by being an entrepreneur myself, by being a participant in a lot of the early stage companies -- and it's not that i know everything. but i know some things that are useful. emily: we live in an age of four increasingly powerful platforms. apple, google, facebook, and amazon. do you worry at all that any one of them could become too powerful? reid: yes. although not necessarily specifically each one of them. but more as a general system. but naturally, when you have aggregation of platforms, you have to worry about leaving room for entrepreneurs, leaving room for innovation. and so i worry about that on a general basis. not on those specific four companies basis. because i talked to all of the, you know, ceos of those companies. they are all like, 'look, w

. >> this minnesota couple here in cuba ta staying with airbnb which now rents 2,000 rooms, helped by a hotel shortage and a rush of americans who want to experience cuba before it changes. >> it was a great time to come. special time in history. >> do you feel like you're being watched? do you feel as though you're living in a communist or visiting a communist country police state? >> no. i haven't noticed at all. >> not at all. >> cuba defying the old cold war perceptions of secrecy and intrigue. jim avla, abc news, havana. >>> and before this change in policy, cuba had about 3 million visitors a year but expecting many, many more. >> used to be the top destination for people from the u.s. before the castro regime but now it's going to get popular again. old havana is hot. i can see why. it's close. as the a beautiful place. >> gorgeous. >> now we're allowed to go there so we will. >>> coming up, the gift of giving. an inspiring move that this young girl made to celebrate her birthday. >> deciding to give back to the people who helped her so they can pay it forward. you're watching

caught on tape accused of ripping off her airbnb host. the new pictures and nightmare for the owner. you are watching "world news now." >>> "world news now" weather, brought to you by olay regenerist. i will take beauty into my own hands...where it belongs. olay regenerist. it regenerates surface cells. new skin is revealed in only 5 days. without drastic measures. stunningly youthful. award-winning skin. never settle for anything less. the regenerist collection. from the world's #1. olay, your best beautiful >> i'm alex trebek. if you're age 50 to 85, this is an important message. so please, write down the number on your screen. the lock i want to talk to you about isn't the one on your door. it's a rate lock for your life insurance that guarantees your rate can never go up at any time, for any reason. but be careful. many policies you see do not have one, but you can get a lifetime rate lock through the colonial penn program. call this number to learn more. this plan was designed with a rate lock for people on a fixed income who want af

another is cracking down, too, requiring airbnb hosts to live on the property during a renter's stay and collect a 14 percent occupancy tax. new york city considering fining hosts up to $50,000 for running illegal hotels. it lists the riles for some cities on the web site but it up to the host to make sure they are not breaking a law. >> one office said one thing and another said something else and i don't know which way to go. >> mit is fighting the fine saying she happy to play by the rues if only they had been made more clear. >> that is not going to help you. >> just the graphics that will show you there is a cooling trend on the way. santa rosa and napa and oakland and concord and san jose and gilroy, all record high temperatures. what is today showing? san rafael, shows hazy here, one of the areas that i don't have more air quality today because of the smoke and sun in the hot temperatures but not so many records as yesterday. the cooling spreads from the coast today to most of our neighborhoods by wednesday and the seasonal highs and cleaner air will last all the way through t

. >> this minnesota couple here in cuba ta staying with airbnb which now rents 2,000 rooms, helped by a hotel shortage and a rush of americans who want to experience cuba before it changes. >> it was a great time to come. special time in history. >> do you feel like you're being watched? do you feel as though you're living in a communist or visiting a communist country police state? >> no. >> not at all. >> cuba defying the old cold war perceptions of secrecy and intrigue. jim avla, abc news, havana. >>> and before this change in policy, cuba had about 3 million visitors a year but expecting many, many more. >> used to be the top destination for people from the u.s. before the castro regime but now it's going to get popular again. old havana is hot. i can see why. it's close. as the a beautiful place. >> gorgeous. >> now we're allowed to go there so we will. >>> coming up, the gift of giving. an inspiring move that this young girl made to celebrate her birthday. >> deciding to give back to the people who helped her so they can pay it forward. you're watching "world news now." >>> "wor

it seems like from a third party's perspective maybe airbnb fell short of that. they need to allow for situation where a person might find themselves in danger. they need to think through them, because this is a business different. sure, this could happen in any kind of bed and breakfast situation. >> but there is a good lesson from this story. it's not putting -- but let people know where you are. a friend a family, right? jon, josh, thank you both. >>> another roller coaster day for the markets, sharply lower at the open, and rising. we're up right now 54 points, a decent start to the week. more market advice, more practical advice for your portfolio, as you are, of courses watching cnbc, first in business worldwide. but utilities can now predict where the power will go out, within a few city blocks. working with ibm, they're combining micro weather forecasts with detailed data from local sensors. to predict where outages are likely to occur. and send crews exactly where they're needed, when they're needed. ibm analytics from the internet of things is making en

airbnb remains focused on tourism. difficult foren countries to break into. >> mitsui channels james cameron with mechanical suits. take a look at that. later on the program, we will and the stake in the online marketplace. we will have the details right after this short break. we will have the fallout from the bangkok bombing attack and trending business continues. theontinuing a slide as economy reels from the bombing. showedevision footage that he arrived with a backpack and left without it. the economy was already creaking. he says they may replace the spokesman and information technology industries. we have lucinda almond -- haslinda almond. >> they have many stories and it is no longer the same. and thailandpacted is known for resilient tourism. morning and the industry is already seeing cancellations. >> it happened a few times before and we had challenges in with red shirts and yellow shirts. an it is strong and we think the rebound will be quite fast. >> the kind of cancellations you have seen. in the press.ee

they are starting with 30 stations at airbnb properties. tesla has donated and installed these stations and plans to add more. now a status update. republican presidential candidate donald trump took aim at the thousands of foreign engineers working at silicon valley. -- trump'srom's immigration plan would increase the amount paid for h-1b visas. a group representing mark zuckerberg and bill gates hitting back at his plan. the president of the group wrote in a blog post, "the idea we should radically restrict pathways for highly skilled immigrants to come and stay here is just wrong. the evidence is clear that high skilled americans create american jobs." one reason this is a contentious issue is because the h-1b visa program is hugely popular among these tech u.s. companies. this year, 65,000 slots were filled within the first week . employers could apply for them. of course giant technology , companies love to employ people from overseas. coming up, the new product behind salesforce's better than expected forecast. plus, yelp gives taxpay

our competitors like airbnb taking away stock price. i have three babies being thrown out with the bath water. i'll reveal them just ahead. >>> plus everyone is worried but i'll find out when we go off the charts so stick with cramer. ♪ it's a golden opportunity to discover the exhilaration of efficiency. with six models to choose from, there's a lexus hybrid for every driver. ♪ come in to the lexus golden opportunity sales event, where you'll find some of the best offers of the year on our entire hybrid lineup. now through september 8th. this is the pursuit of perfection. >>> at a time when the world seems flooded with companies trying to help you find the perfect place to stay, what do we do with a veteran vacation place like home away? the web-based company is still the world's largest marketplace for vacation rentals. i've been a big fan of their web site for years but the stock has been snuck a rut for more than a year and can't seem to rally without getting back its gains. maybe that's about to change because earlier this mont