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Bloomberg Tech

Airbnb Sees High Travel Demand and Uber, Lyft Stocks Sink

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 4 May 2022

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Emily Chang talks to Airbnb CEO Brian Chesky about his summer travel outlook, and she breaks down Uber's earnings and Lyft's stock taking a beating following its 2Q outlook. Plus, a look at the Fed's biggest rate hike in 22 years and what it means for tech valuations. 

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:24.0

That's Bloomberg Live.com slash sustainable Biz Singapore.

0:28.0

From the heart of where innovation, money, and power collide,

0:35.0

in Silicon Valley and beyond,

0:38.0

this is Bloomberg Technology with Emily Chang. I'm Emily Chang in San Francisco and this is Bloomberg Technology.

0:58.3

Coming up in the next hour, the Fed unleashes its most aggressive policy in decades to combat soaring inflation.

1:05.0

We'll talk with Liz Young of so far about what it means for the economy, consumers, and

1:09.7

tech.

1:10.7

Plus substantial demand for travel. That is the message from air b&b CEO Brian Chesky

1:15.0

after a much better than expected earnings report he'll join me live to talk about

1:19.1

how tourism is rebounding and that provocative tweet about big changes to AirB&B coming.

1:27.0

And one-third of Lifts Market Cap wipeout in a single session.

1:31.0

Uber releasing its results early to prevent investor dragging them down too.

1:35.3

Still Uber shares taking a smaller leg down even after beating estimates.

1:39.3

We're going to speak with lift President John Zimmer about the market reaction and what's next.

1:44.3

All of that in a moment but first I want to get a look at the markets and a big day for the

1:48.1

US economy.

1:49.2

The Federal Reserve has voted unanimously to raise a benchmark interest rate by half a percentage

1:54.6

point. Stock soaring, bonds rising during Fed Chair J. Powell's press

...

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