Local Law 18 in New York City took effect on September 5th, and it requires short-term rental hosts to register, hosts must live in the place being rented, hosts must be present during the guest’s stay, and there are a maximum of two guests permitted. Morningstar’s Dan Wasiolek discusses how this effects Airbnb (ABNB). He talks about how travel demand remains high. He goes over how regulation is ongoing in this industry and the outlook for ABNB. Tune in to find out more about the stock market today.