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Deborahears, my wife and i have traveled across the country, especially across the towns, to learn about those parts of the american story. For conversation about future travel, i am glad to welcome the. Eo of airbnb, brian thank you so much for joining us. I have questions about your business in the olden times, in the future times. I want to start with one big picture question about all the enterprises that have an affected by the enterprise, yours has to be most affected. You are about mobility, and people have not been mobile. What is the main lesson, surprise, or discovery that you personally have taken from the experience in the last eight months or so. Ourn we lost about 80 of business in eight weeks, that we had spent about a decade building. That was quite surprising. What may have been even more surprising what is what happened next. What happens next is people, no matter the circumstances, in the midst of the pandemic, still had the desire to travel. They did not want to get ....
People have not been mobile. What is the main lesson, surprise, or discovery that you personally have taken from the experience in the last eight months or so. Ourn we lost about 80 of business in eight weeks, that we had spent about a decade building. That was quite surprising. What may have been even more surprising what is what happened next. What happens next is people, no matter the circumstances, in the midst of the pandemic, still had the desire to travel. They did not want to get on planes, they were not necessarily traveling for business, they did not want to go to a hotel or crowded tourist district, but they did want to get in a car with a tank of gas and go to a community, and often some of them were getting homes with airbnb. So i think there is just a fundamental desire that people have to travel, to connect, the see the world, and i dont think that anything can stop it, let alone a pandemic. Obviously, people have to do it responsibly, but there is still a very strongwil ....
One of the most effective. You are about mobility of people and not been mobile. Whats the main lesson or surprise or discovery that you personally have taken from the experience and the last eight months or so . We lost about 80 of our business and eight weeks. We its been about a decade building. That was quiten surprising but the thing that may been more surprising is what happenedis next. What happened next is that people, no matter the circumstances, in the midst of the pandemic still had the desire to travel. They didnt want to get on planes, they were not necessary traveling for business. They didnt want to go to my hotel or they did want to get in the car and go to another community and live in that community and often some of them were getting homes with airbnb. Theres just this fundamental desire that people have to travel, to connect, to see the world and i dont think that anything could stop it let alone a pandemic. People have to do it responsibly but there is still a very ....
Investors trying to decide what is going on. That is showing a little but of haven assets. Bonds not doing much. With the kind of volatility we have seen, you would think there would be a big bid. Today there is a small bit, and we also have the dollar, which is seen as a haven. If the fed is successful with their framework shipped from august, which they will want to try to create is a strong dollar signaling and improving or a Strong Economy instead of hitting into risk assets. Today is a pretty solid day for stocks overall, but the week is more difficult. David september looks like in equities maybe we gave back some of the froth we created in august but we are always looking for longterm trends. You and i talked about how about high yield. Is that giving any signal . They do seem to be moving . Abigail highyield today not doing too much, but as you are just mentioning, and i love you are talking about the erasing of the froth ....
Travel, i am glad to welcome the. Eo of airbnb, brian thank you so much for joining us. I have questions about your business in the olden times, in the future times. I want to start with one big picture question about all the enterprises that have an affected by the enterprise, yours has to be most affected. You are about mobility, and people have not been mobile. What is the main lesson, surprise, or discovery that you personally have taken from the experience in the last eight months or so. Ourn we lost about 80 of business in eight weeks, that we had spent about a decade building. That was quite surprising. What may have been even more surprising what is what happened next. What happens next is people, no matter the circumstances, in the midst of the pandemic, still had the desire to travel. They did not want to get on planes, they were not necessarily traveling for business, they did not want to go to a hotel or crowded tourist district, but they did want to get in a car with a tan ....