Traders have misplaced religion in mannequin, dealer says

Move in or check out?

Shares of Airbnb fell by 36% compared to the February high after the holiday rental company’s profit announcement after the closing bell on Thursday. Airbnb’s sales grew 5% in the first quarter, the company said in its second report since going public in December.

With stocks down more than 3% on Thursday to close at $ 135.75, there is limited hope of a rebound, Todd Gordon, founder of TradingAnalysis.com, told CNBC.

“If we hit new lows, it’s never good,” Gordon said in an interview with CNBC on Thursday “Trading nation” After Airbnb dropped below the $ 138 support level, he observed.

With a 20% share of the US accommodation market, Airbnb is “bigger than the top five hotel brands combined,” well positioned to capitalize on the pent-up demand for travel, Gordon said.

“As soon as this real estate market eases again, the pent-up demand subsides, the problems in the supply chain calm down and more space becomes available,” he said.

Airbnb’s gross bookings were down around a third in 2020. In the most recent new releases, Short Term Accommodation Service saw a 39% quarterly increase and a 13% year-over-year increase in nights and experiences booked.

“I think these issues are temporary and I think people will re-emerge in this market,” said Gordon. “I’m bullish. I would like to see tech support, a little bit of evidence of a reversal, before I get in, but I wouldn’t give up on that just yet.”

Another dealer wasn’t so sure.

“The competition is really becoming a problem for Airbnb,” said Boris Schlossberg, managing director of FX strategy at BK Asset Management, in the same interview with “Trading Nation”.

“VRBO is really giving Airbnb a run for its money, mainly because Airbnb has a much larger inventory in the urban core and VRBO is much, much better positioned in the vacation rental[ies]where most people want to go, “he said.

Airbnb’s fees are also starting to discourage consumers and leading them to alternative offerings, Schlossberg said.

“I think what happens to Airbnb, the swan jump in price, is that it has lost the Wall Street imagination,” he said. “Wall Street lost faith in its model at this point and I think it will be very difficult for the company in the future.”

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Lauren London says performing return was a ‘leap of religion’ | Leisure

Lauren London admits her return to acting required a “leap of faith”.

The 36-year-old actress stars in the action thriller “Without Remorse” alongside Michael B. Jordan, Jamie Bell and Jodie Turner-Smith, but Lauren wasn’t sure if she would return to the movie business after the death of Nipsey Hussle would was shot in March 2019.

Lauren – who Kross (four) has with the late rapper as well as Kameron (11) with Lil Wayne – stated, “It was like a leap of faith and just moving with fear – I don’t know if I should; if I can. Will I accept it again because it’s been a while?

“I will say that God is so gracious because it was the best way to get back to work.”

Lauren remembered being plagued with self-doubt before the cameras started rolling.

She told Essence magazine, “Coming back to work was more than just being scared because I wasn’t working.

“It was really a stand up, will I work again? Do I want to work? Who am I now? Do I still belong here? Do I still have space here? Should I?”

Meanwhile, Lauren recently announced that she was determined to get back to work after the rap star’s death.

The actress believes it is important to set a good example for her children by returning to the movie business.

She said, “We can’t stop, you know? We all have a purpose, and it’s important for my sons to see me move forward in grief rather than just curling up in a ball because I curled up a ball for a long time.

“But especially for my eldest son, because he is just a little more conscious … But we will carry on as we had to, as he wanted us to.”

Religion leaders ask the Legislature to allot extra Covid-19 cash for housing

Vermont religious leaders want state legislation to allocate more Covid-19 money to housing, but lawmakers, trying to balance myriad other requests, say that is easier said than done.

Vermont Interfaith Action, a grassroots coalition of nearly 70 spiritual communities from Brattleboro to Burlington, has asked the budget and Senate committees to increase spending on affordable housing by a factor of five from a budget of $ 50 million at the suggestion of Governor Phil Scott.

“We will ask you to dream big and enable every Vermonter to have permanent, stable and safe housing,” the group wrote in a new article report. “It is not only morally right, but also economically right.”

The state is receiving nearly $ 200,000 a night in federal funding to house nearly 2,800 homeless people in hotels and motels during the pandemic. Faith leaders argue that allocating funds for permanent housing would cost significantly less than continuing the status quo.

“Providing stable housing will reduce the downstream costs of poor physical and mental health, substance use disorders, educational support for students whose main challenge is chaos and trauma, and ultimately the cost of our criminal justice and correctional systems,” they write in the Report .

The state’s growth rate for residential real estate is expected to decrease from 1.66% in the 1980s to about a tenth (0.18%) this decade at the latest Vermont Housing Needs Assessment.

“When a housing market offers new housing options to buyers and middle- and higher-income tenants, their existing apartments, which are likely to be cheaper than new apartments, will become available to other apartment hunters,” the review said. “In this way, declines in housing construction ultimately reduce the availability of affordable housing for lower-income Vermonters.”

Likewise, the state’s rate of growth for rental units has declined since 1990.

“What the pandemic has brought to light is the extent to which we have negligently invested too little in our housing system,” wrote the faith leaders. “We are now blessed with the opportunity to remedy this shortcoming.”

The House of Representatives budget proposal, which is currently under consideration by the Senate, could potentially add 1,200 housing units, the clergy said. But Scott’s suggestion, they estimated, could add 5,000 units.

“With what we now know of the true numbers of people living in shelters and motels,” they wrote, “the budget of the house is well below need and Governor Scott’s desire is to create 5,000 units a very reasonable goal. “

In response, Senate leaders said writing a budget was a balancing act.

“Housing construction is important, but only part of the story,” Senate President Pro Tempore Becca Balint, D-Windham County, told the group recently Online meeting. “If we don’t put in the right supports, people can easily lose them for a variety of reasons.”

As a result, lawmakers also want to provide money for rental and mortgage assistance, as well as mental health and addiction services for newly housed tenants.

“I totally agree with the concern for the homeless, but the grants committee is a very consultative process,” said Senator Alice Nitka, D-Windsor County. “A lot of things have to be weighed.”

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About Kevin

Kevin O’Connor is a Brattleboro-based writer and former contributor to the Sunday Rutland Herald and the Times Argus.

E-mail: [email protected]

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