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U.S. stock futures are jumping after Chinese officials said that the U.S. and China would begin to remove tariffs in phases.

Airbnb vows to verify all of its listings

Airbnb will conduct a comprehensive review of every property listed on its platform as part of a series of initiatives to improve trust, Brian Chesky, the company’s C.E.O., announced at the DealBook Conference yesterday.“We want to give peace of mind to our guests,” Mr. Chesky said. The pledge comes less than a week after five people were killed at a party in an Airbnb rental house in Northern California on Oct. 31.He didn’t describe exactly how the verification would work, perhaps because it’s such a gargantuan task, but said Airbnb would “be coming back with more details.” He said that the company would also conduct rigorous reviews of “high-risk” reservations, open a hotline for concerned neighbors and put in place new guarantees for dissatisfied customers.Mr. Chesky reflected on the increasing responsibility held by internet companies. “We have to take more responsibility for the stuff on our platform,” he said. “This has been a gradual, maybe too gradual, transition for our industry.”Asked about the company’s potential I.P.O. next year, and whether it might instead opt for a direct listing as Spotify and Slack did, Mr. Chesky was noncommittal. “I certainly don’t have any news to make,” he said. But, he added, “we also don’t need to raise new money.”

Let the streaming wars begin… again

Reed Hastings, the C.E.O. of Netflix, was clear at the conference about many of the things that his company will not do:• Show ads, as Hulu does.• Make games like Fortnite.• Create short-form content, as Quibi does.• Produce news.• Show sports.But on streaming movies and TV, huge competition is brewing, from the likes of Amazon, Hulu and YouTube as well as new rivals like Apple TV Plus (started last week), Disney Plus (next week) and HBO Max (early next year).“The tricky thing in this streaming war is Apple and Disney are not going to break out revenue,” he said. Unlike Netflix, both Apple and Disney own several businesses, and sales figures for streaming will be mixed in with other divisions.“The real measurement will be time,” Mr. Hastings said. “How do consumers vote with their evenings?”

Kim Kardashian West reflects on her influence

Kim Kardashian West, with Kris Jenner onstage and Kanye West in the audience, discussed social media, her influential empire and how her clout could help prison reform.She likes the idea of removing “likes” from Instagram. “Taking the likes away and taking that aspect away from it would be really beneficial for people,” she said.Ms. Kardashian West is focused on prison reform. “There’s a lot that we have to get done in prison reform, and I believe I will be more beneficial if I just focus on that at the moment,” she said.She says business partnerships can advance her activism. “If I have a paid post that comes in and I think, ‘O.K., well this can fund x amount of people that are behind bars, that can help free them with simple legal fees that they just can’t afford,’ then that would be worth it to me, even if the post might be a little bit off-brand for me.”She said she dismissed advice from people who said she should not meet with President Trump to discuss prison reform. “I would go see anyone in power that would have that decision to change someone’s life,” she said.

Stocks to Watch

 Qualcomm (QCOM) reported better-than-expected adjusted quarterly and revenue. Its results were boosted by its licensing operation, most notably from its licensing deal with Apple (AAPL).Roku (ROKU) lost 22 cents per share for the third quarter, 6 cents smaller-than-anticipated, and the video streaming device maker also saw revenue come in above estimates. The shares are coming under pressure, however, as losses widened from a year earlier and Roku spent more on acquiring new subscribers.Expedia (EXPE) fell 42 cents shy of consensus with adjusted quarterly profit of $3.38 per share, and the travel website operator's revenue was slightly below estimates as well. Expedia also saw other key metrics fall short of analyst forecasts and cut its full-year guidance.Shares of TripAdvisor (TRIP) were falling in premarket trading after it missed estimates with adjusted quarterly earnings and while revenue fell. The company said the quarter was more difficult than it anticipated, and that it would undergo a cost structure evaluation.Square (SQ) reported better-than-expected adjusted quarterly earnings and revenue. The payment processing company saw its results helped by growth in its subscription and services business.McDonald's (MCD) CEO Chris Kempczinski bought about $500,000 in company shares, according to an SEC filing. Kempczinski had not owned any McDonald's shares prior to being appointed CEO this past weekend.