Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
WHEN: Today, Monday, April 29, 2019
WHERE: CNBC's "Squawk Alley "
The following is the unofficial transcript of excerpts from a CNBC interview with Airbnb CEO and Co-Founder Brian Chesky and RXR Realty CEO Scott Rechler on CNBC's "Squawk Alley" (M-F 11AM – 12PM) today, Monday, April 29th. The following is a link to video of the interview on CNBC.com: https://www.cnbc.com/video/2019/04/29/airbnb-ceo-weighs-in-on-plan-to-convert-nyc-hotel-into-apartment-style-suites.html.
All references must be sourced to CNBC.
Brian Chesky on Validation:
So to tell me that the largest hospitality company, traditional hospitality company, in the world is looking at this space, I think is a huge testament to what we've done, to the market we're in. We've had about a half a billion guest arrivals. So I think it's more a validation than anything.
Brian Chesky on Being a Platform:
We are still a platform. But we are starting to learn that the customer expects a higher quality experience. And so to provide a higher quality experience, we want to do more to help our hosts and our hospitality providers up level their experience. So we have Airbnb Plus, where we do a 200-point inspection to all of our homes. We have Airbnb Luxe, it's like a 300-point inspection. So we're getting more and more into that aiding and the design and the management of the inventory. But I still see us as a platform empowering our partners. We're not competing with our platform partners.
Brian Chesky on Being for Everyone at all Price Points:
Many of our original users were people like me in our mid-20s. And what happens when you get into your 30s— you make more money, you have families. And so suddenly, people want to use us for business, for families. And so, our classical millennial young traveler base is now the older, more affluent traveler base. Kids are telling their parents about it. And so now, it's really for everyone at all price points. And so what do they want? They want to have more reassurances in where they stay, they want to have concierges, they want to have the rooms clean. And so this allows us to offer more for that audience.
Brian Chesky on Airbnb's IPO:
Somebody once said great companies have an infinite window. They can go in an up market and in a down market. And I think want to build a great company so robust that any moment we could go.
DEIRDRE BOSA: Does that mean we can see it next year then?
CHESKY: You could see it -- we will be ready a little bit later this year, and then any point from then on, you can see us.
For more information contact: