3 Burst results for "Airbnb Stern"

"airbnb stern" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:39 min | 8 months ago

"airbnb stern" Discussed on Bloomberg Radio New York

"Above the AIPO price will bring you the latest As soon as we start to see quotes coming by on Airbnb stocks wavering the S and P swinging between gains and losses. Bottom line, little change, right? Now have been up a moment ago. But right now the S and P is down by half a point. Traders are assessing prospects for fresh stimulus. Amid the most intense negotiations since Election Day. Keep it locked into Bloomberg for the very latest on those stimulus negotiations. Here's where we stand as simply as I mentioned down a point right now, Little changed the Dow down 35 down 1/10 of 1%. That is stacked higher by 33 on track for a record up by 4/10 of 1% 10 Year Old 4 30 seconds 10 Year Yield. 100.92% Gold is down three tents now 18 34 the ounce and west Texas Intermediate Crude up 3.5% 47 10 a barrel Brent the global benchmark trading about 50 and 50 56 up 3.5%. I'm Charlie Public. That is a Bloomberg business Flash. Thanks so much I pellet. This is balance of power on Bloomberg Radio. I'm David Weston. Yesterday It was door Dash, whose initial public offering started out at $182 a share that was 80% more or less over the price initially set today it is Airbnb Stern and not to be outdone, it was priced at $68 a share and his indicated to start trading at $157 about 130% more than expected. We expect that trading to come any minute now. The meantime, we want to welcome critic Gupta. She is Bloomberg Cross Asset Markets. Reporter critic Great to have you with us. So what is going on? These numbers are almost unbelievable. They absolutely are. And you're seeing Airbnb cross a nearly $100 billion evaluation. This chair's just rising and rising and remember the prices here. The idea was price of $60 a share. You're now looking at indicated bid of I believe $150 a share so very interesting dynamic here and like you said, This is really coming. Right on the heels of that door Dash AIPO yesterday. Remember, Airbnb is facing justice. That's trouble as airlines hotels, cruise lines door nationals a little bit different because you already saw door dash have such explosive growth really on simply be pandemic work from home era you saw the food delivery name Really grow Airbnb. On the other hand, they're in a cash crunch through to see that kind of demand For this arguably a cyclical play. It is pretty substantial. And if you actually just look at where you got the most returns in the past month If those same sectors sectors that has been most volatile this year, the travel sector like you mentioned airlines, hotels, cruise lines, so a lot of this demand for Airbnb looks like it's starting to turn into a cyclical play. The question is Until you start to see that revenue matchup. How long will the Airbnb I po really stay at the levels that it Davies up Means makes quite a dramatic story. As you suggest pretty because it was not that long ago. Just a matter of months that it was really an extremist. It was really pushed to the wall. They had to lay off. A lot of people had to borrow money, and it was a question in something's mind whether even survive given what happened the pandemic. And now he's come roaring back. And the biggest possible way. Is this really a better the vaccine? Do you think It kind of seems like it's some extent. I'm glad you mentioned simply. The fact that this was ultimately is a fundraising issue, and when you're looking at simply the amount issue in this year, this is also just a record year for issuing from the business because Stock market is at record highs, although that is part of it. You're seeing a lot of companies try to I P o before that liquidity window closes, But this is also about the need of simply they need cash. You saw this happen in airlines issuing debt issuing equity and that's why you're seeing companies like snowflakes, for example, earlier this year really come out and really try to capitalize on that before we see repositioning happened. In 2021 to the zoom out 60,000 ft view is simply that company's seed money whether they're private or public, and that's where you're really saying the capital markets. Really get a ton of issuance on a one a weekly basis. So let's put in that larger perspective. You just suggested because of what you cover day and Dad, How does this fit into the market? Overall? I mean, looking at the market today, not a lot of big news, one of the other, although NASDAQ is up a little bit. Absolutely well. I mean, I made the argument that this is a cyclical play. Obviously, in the last month or so since the Biden election since the vaccine news you have seen really cyclicals, which have been completely hard hit by the pandemic. Take the lead. Well, remember, we're also in an era where big tech isn't really going away. So a lot of investors are looking at ways to get in on kind of that big tech traced without actively investing in the top five or six names that are considered too expensive that are considered to have lost evaluations and instead trying to find those names or they can get in on the ground level, And that's really where Airbnb the door dash Snowflake. I pose come into play because you're seeing this investor demand on Wall Street and even in the retail space trying to get in on A company that they can actually afford, as opposed to buying, you know, an Amazon share or a Google share, which of course, has rallied nonstop, so finding an entry level until those names Much harder than finding an entry level until let's say Airbnb at $150, and that's really why you're seeing such incredible demand. This does at the end of the day have to do with finding a way to get into that big tech did. Without directly bidding for big tech critic at the same time, some of those huge tech companies, let's talk specifics. What Google and now Facebook are facing some real and a trust circle screaming We had that lawsuit filed yesterday. By the FTC is Wells 48 states As far as I could tell the market's taking the possibility of breaking up Facebook seriously. Just a few months ago, when we're talking about antitrust risk going into the election, you saw the broader benchmarks. Move on this as the whole used to be something that was priced in this part of the blue Wave trade used to see a movie benchmarks move across asset. This time around host election A few months later, you're not singing have the same effect broadly in terms of risk sentiment. Well, you are singing have an effect on is the individual share price. And you really saw this happen in the premarket when he saw the NASDAQ futures underperformed that has kind of flipped on its head now, but earlier, you really saw People hesitant to buy into the index of the whole because of that exposure to big tax thinking that because of that Facebook news, you would see all of the big tech names, trade and sympathy. Now that is a fair assumption, because that's what we've seen for the majority of this year. Now you're starting to see it become an individual stocks story. Even so, it was being an individual Stocks story. Remember, these are companies that have immense waiting these tech companies Facebook in particular, having I believe 2% of the S and P 500 of awaiting other tech companies. Google like you said, was Indicted by the DOJ or not died. I'm sorry, had a case talking up from the DOJ back in October. So you start to see Google shares fall is well on that. Simply this idea that, although it's not a broader story anymore, because of the waiting is turning into a broader benchmark story at the same time, just briefly at the end, it doesn't hurt the market's doing so well. It's looks like it's gonna have a good December after a great November Absolutely not. And this once against a cyclical play that's leading names lately. Thank you so much, Always great to have you here. That's Bloomberg's critic Gupta coming up, employers around the country are working out how to deal with the coronavirus. When it comes to their workforce. We get some advice from Dr Anthony Harris. He's worked here, Chief Innovation Officer, an associate medical director That's next on balance of power on Bloomberg Radio..

Airbnb Bloomberg Facebook Bloomberg Radio Google Gupta Little Texas AIPO Dr Anthony Harris Brent Charlie Public DOJ David Weston Reporter
"airbnb stern" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:41 min | 8 months ago

"airbnb stern" Discussed on Bloomberg Radio New York

"It was door Dash, whose initial public offering started out at $182 a share that was 80% more or less over the price initially set today it is Airbnb Stern and not to be outdone, it was priced at $68 a share and his indicated to start trading at $157 about 130% more than expected. We expect that trading to come any minute now. The meantime, we want to welcome critic Gupta. She is Bloomberg Cross Asset Markets. Reporter critic Great to have you with us. So what is going on? These numbers are almost unbelievable. They absolutely are. And you're seeing Airbnb cross a nearly $100 billion evaluation. This chair's just rising and rising and remember the prices here. The idea was price of $60 a share. You're now looking at indicated bid of I believe $150 a share so very interesting dynamic here and like you said, This is really coming. Right on the heels of that door Dash AIPO yesterday. Remember, Airbnb is facing justice. That's trouble as airlines hotels, cruise lines door nationals a little bit different because you already saw door dash have such explosive growth really on simply be pandemic work from home era you saw the food delivery name Really grow Airbnb. On the other hand, they're in a cash crunch through to see that kind of demand For this arguably a cyclical play. It is pretty substantial. And if you actually just look at where you got the most returns in the past month If those same sectors sectors that has been most volatile this year, the travel sector like you mentioned airlines, hotels, cruise lines, so a lot of this demand for Airbnb looks like it's starting to turn into a cyclical play. The question is Until you start to see that revenue matchup. How long will the Airbnb I po really stay at the levels that it Davies up

William Tong reporter Connecticut Airbnb Attorney
Airbnb stock will start trading at $157 per share, above the $68 initial public offering price

Balance of Power

01:41 min | 8 months ago

Airbnb stock will start trading at $157 per share, above the $68 initial public offering price

"It was door Dash, whose initial public offering started out at $182 a share that was 80% more or less over the price initially set today it is Airbnb Stern and not to be outdone, it was priced at $68 a share and his indicated to start trading at $157 about 130% more than expected. We expect that trading to come any minute now. The meantime, we want to welcome critic Gupta. She is Bloomberg Cross Asset Markets. Reporter critic Great to have you with us. So what is going on? These numbers are almost unbelievable. They absolutely are. And you're seeing Airbnb cross a nearly $100 billion evaluation. This chair's just rising and rising and remember the prices here. The idea was price of $60 a share. You're now looking at indicated bid of I believe $150 a share so very interesting dynamic here and like you said, This is really coming. Right on the heels of that door Dash AIPO yesterday. Remember, Airbnb is facing justice. That's trouble as airlines hotels, cruise lines door nationals a little bit different because you already saw door dash have such explosive growth really on simply be pandemic work from home era you saw the food delivery name Really grow Airbnb. On the other hand, they're in a cash crunch through to see that kind of demand For this arguably a cyclical play. It is pretty substantial. And if you actually just look at where you got the most returns in the past month If those same sectors sectors that has been most volatile this year, the travel sector like you mentioned airlines, hotels, cruise lines, so a lot of this demand for Airbnb looks like it's starting to turn into a cyclical play. The question is Until you start to see that revenue matchup. How long will the Airbnb I po really stay at the levels that it Davies up

Airbnb Airbnb Stern Bloomberg Cross Asset Markets Gupta Davies