by contra distinction, when it lowers, this is the performance of home builders. this is obvious stuff.

a monthly index of builder sentiment jumped by a wider than expected margin in september with buildersiting big gains in current sales and sales expectations over the next six months. builders may also be benefitting from a lack of supply of existing homes. >> it is not that people aren't listing so much. there are new buyers and more buyers on the scene now than a year ago. every well-priced home gets snatched up. there are multiple beds. >> builders are confident of demand but struggling to keep up with it. a shortage of land and labor are increasing costs for the builders and regulation is show construction. some of the nation's largest housing markets are in most dire need of new construction, according a new report from the realtors which shows the top ten cities where supply is tightest. the west is worst, accounting for half the list. >> traffic was way up. so we saw people coming in multiple times, spending more time in the model homes. >> reporter: he's hoping the enthusiasm keeps going right into the fall. i'm dine that oleg in chevy chase, maryland. >> today kicked off sever

. >> i don't want to talk about home builders after our main man carter worth. i think it is an interesting trade setting up there. but did you see utilities today. you had the xlu and the etf that is up 1% and i'm bullish and i think we have a fed that does nothing for the next two meeting but people think about a raise in december. but i don't think we have a scenario like at the end of the last year where fed fund futures price a fed above 1% at some point in 2017. i think that sets up decently for utilities. i know that is the point right there. >> again, you sound very sang win as opposed to -- >> you sound like no big deal. >> it is not like there is a glide path through the end of the year because the fed is going to remain on hold. >> you're going to break out and have your facebook keep going up. there is no reason -- >> i'm not -- [ overlapping speakers ] >> you ask the question. >> could you be long financials and you asked that about a week and a half ago and the answer is yes and we just answered it on this show again. the answer is you can. one for

gardenweb.com says many builders find it cheaper to get a written assurance from the builder they will not dump construction debris in your yard, it can cause sinkholes in a few years. she has one message for her builder. >> come and clear the debris off my property. and i want them to assure me that no more damage will be done to my property. >> reporter: the home builder tells us they will attempt to clean up the yard and make it right but it's better to prevent your home from becoming a dumping ground in the fit so you don't waste your money. >>> 9:18. imagine you get a bill for nearly $50,000 in unpaid highway tolls. it's real for a southern california woman. she's been driving on toll roads for years but not paying the fines. she said she had a credit card on file but officials say the one linked to her account changed. she admits it was an oversight on her part but says she never with three kids and working full time and husband deployed. >> the toll company eventually garnished her wages. she was part of a lawsuit that reduced the fines. she moved and the garnishments stopped. t

telco, reits and home builders were hit hard. technology has been a safe trade for all intents and purposes. there is old tech with yield. then you have names that are growth stocks powering a lot of the games. you have to think about the xlk, the technology select etf. it is an interesting etf when you look at it. apple is the largest hold. my view on apple if you watch, i don't think the stock is going anywhere. it is going down to the lower right and you have a bunch of names. there are growth stocks there. now you have no growth tech. microsoft, intel, cisco. i think they are deemed to be defensive because of the yield. but they are not particularly expensive with good sheets. one last bucket and this is something people don't think about. 10% is u.s. telco. verizon, at&t. >> i saw that. >> another 5 to 6% is mastercard and visa. this is cyclical, defensive, yield. it could be vulnerable. the facebook and google names stick out. obviously facebook has tremendous gains. google is near the all-time highs. if you have hiccups be

builders for some time now. more than a year. they haven't really reflected. show an element of uncertainty and risk. then you had a huge disconnect. a huge amount of risk being priced in. people trying to work out what to do since then. numbers that have been coming through. numbers from redrow today. expect numbers will suggest they need to have another look. >> the market has been rallying. yesterday we hit eight-month highs for the european market. today close to four-month highs. does it tell you it's time to take profit. do you want to build on risk in your portfolio. what do you want to do? we've been building on risk. value trends, the growth, one year growth in value and two to three year growth in value as those have started to improve, we've cena as being sustainable. we want to buy stocks that are likely to benefit from that with those characteristics. >> we've been buying growth stocks. sort of disconnect where people moved to banks and insurance stocks lately. some of those dollar stocks rallied st

housing market boom.why home builders say there aren't enough workers to keep up with demand. and chickenpox on decline. chickenpox on decline.the reason doctors say less and less kids are now getting the congress returns from their seven-week recess. lawmakers have a long to-do list, but it's unclear if much of it willet done. congress has to figure out a way to keep the government running before our current spending plan expires october first. the agenda include funding to help combat the zika virus and the confirmation of a new supreme court justice. the housing market may be hot, but home builders can't find enough workers to get the job done.the national association of homebuilders estimates there are about 200-thousand unfilled construction jobs. that's up 81-percent from two years ago.without enough workers, construction is trailing demand for homes. also, with labor costs rising, builders are resorting to making more expensive homes, causing a tight supply of entry-level homes. facebook is testing a new feature that shows you status updates you might have otherwise mis

working for, performance builders was in violation that day because there was no red tape indicating that the scaffold was getting torn down at the time. >> i heard look out. i thought maybe a bucket was falling or hammer or something. >> there have been numerous calls about safety issues concerning that job site an they started coming in three weeks osha is still investigating this cident and the exact cause of the collapse of that scaffolding. they have yet to give us the determination of what happened that day, if the builder violated any codes. we're going to stay on top of this one and we'll give you conclusion to this awful local story. >> dana: president obama back in the state where he was born in hawaii for the conference of leaders arriving there yesterday evening earlier in ever he was in lake tahoe. >> i'm going to miss the day-to-day interactions and i'll miss harry. anybody who has gotten on the phone with harry reid you'll be mid conversation and once he's finished with the point you'll be talking and you'll realize president of the united states. and it takes you thre

in fact, the builders even admitted to a non-disclosure agreement until the truth emerged yesterday. the plant will help power an apple facility in nearby mesa. >> another business adventure. >>> interesting conversation around the dinner table. the millennium tower are promised sweeping views of san francisco, but the developers, did they tell the buyers about the sinking construction? the subpoenas to find out what they knew. >>> first happening right now, california lawmakers collecting per diem pay even when they're absent. legislators collectively took 325 days offer during last session, collecting $56,000 in taxpayer-paid expenses. that story on nbc bay area. >>> and a young black bear led police on a two-hour chase through the streets of downtown anchorage, alaska. more up close and personal than the officers expected. that's on our facebook page. >>> we know the millennium towers in san francisco is sinking and tilting, but the question is did the builders let the condo owners know about it? >> the san francisco city attorney taking legal action to find out what builders of t

robust agents do not take it for granted, door knocks have become common and so is making offers to builders as spec during construction. a realtor said that such methods have worked for her. >> they do not want the hassle of open houses and putting it on tours and in someone showed up with the right price for the "make me move price," they will find a place to go. >> that was the case for a couple who sold the redwood city home, thinking of moving but did not have to after someone made an offer. steve and his wife now live on the central coast.

builder. she's continuing the building tradition. her actual firm herself started with just herself and $1000. and it has grown to 200 employees in 5 states. she does a lot of work. her company worked on the mlk memorial in washington, d.c., as well. she is looking to expand to other countries as well. and they are the oldest african american architectual firm in the united states. realnc she's part of this museum. i love that. i can't wait to go check it out. diane, thank you. >> coming up next, rethinking soledad: and now, kind of a rare sight. kids cheering an announcement d.c.-area students will take part in a kind of innovation laboratory within their school. the washington leadership academy is one of 10 schools in the nation to win a $10 million dollar grant from x.q., the super school project. it is funded by laurene powell jobs, the widow of apple founder, steve jobs. russlyn ali, the ceo of x.q. says it's money to support ideas for engaging kids in their high school education and preparing them for the workplace of the futu

. >> home builders stocks surging. homebuilders are having a party today. we will discuss whether you should be buying these homebledder stocks. >> a suspect in new york and new jersey terror attacks is in custody after a shootout with police. we will have the latest and discuss how to keep the city safe when the mayor of london who is here to ring the closing bell joins us. >>> let's start with markets remaining calm after this weekend's bombings here in new york area. bob pisani has the low down. plus s&p 500 getting first new sector in nearly 20 years. very exciting for us market nerds. >> you and i are one of them. we are the two biggest market nerds out there. let's take a look at sectors. the problem, energy was strong early on. oil hit a high in the early afternoon. about 12:00 drooped down. energy, market leader still up but not as much as before. there is our new sector, the 11th sector of the s&p 500 first new sector since 1999, real estate investment trust. these are stocks that own and manage real estate. they had a good year outperforming s&p 5

. >> home builders can't find enough workers to get the job done.onal association of home builders systems there are about 200,000 unfilled construction jobs at all levels of experience. that's up 81% from two years ago. without enough workers, construction is trailing demand for homes. also with labor costs rising, builders are resorting to making more expensiveç homes, abandong the startup market, causing a tight supply oftentry level homes. >>> wall street looks to start the holiday shortened week on an up note. the markets are coming off a positive week with the dow having its best week in a month. it's a lighter week for economic data. on friday, the dow rose 72 points to 18,491. t tracy, back over to you. >> thank you, landon. talk to you tomorrow. >> thanks. >>> get ready for a sunny, warm and breezy day. the wind is still blowing. hermine is getting closer to the coast. you'll feel it during the day today. but you'll still need your sun glasses in philadelphia. a live, clear view from center city from high atop the comcast center. 73 degree

the fifth largest home builder. high free cash flow.he stock corrected in the last six months because in the last quarterly report their margins are down. their revenue growth has been substantial. but we are at the beginning of the housing cycle. from pennsylvania to florida and probably the best growth is in north carolina. that's an obvious and direct way. second way is. hataway owns the second largest brokerage, and the railroad. in portland, there was a burlington northern santa fe train heading east. 60% was heading east to build houses. gary: and he has a position in wells fargo. >> the answer is we own 27 companies, and so we are very intensely interested in every one of them. we do own wells fargo. i would put it in the camp of owned companies that are so wonderful even a 2-year-old could run them. there is evidence there were 2-year-olds running around. buffet in this position. he has been in this position before with coca-cola. i would take full responsibilities for that. we own jpmorgan and bank of america and wells fargo. t

. >> will determine if performance builders violated any codes. they received calls about the company's safety issues three weeks prior. >> we had nonunion people calling just looking for help. because of the allegations of peril fraud and safety. over the past years. the most serious was seattleed in the past few months. >> you could lower the bottom line and get a job done cheaper when you have people do that. >> as for thompson, he and other workers are coping to prove how important safety is. >> t gone in a second. >> we reached out to performance builders, we have yet to hear back from them. in the meantime, they are trying to give us the documents of previous violations of this company. crirsity wilcox, sending it back to the studio. crash just a few hours ago in north las vegas. metro officers say they spotted the vehicle at simmons, investigators say as many as five suspects ran out of the car, also on to a nearby golf course, they are in custody. one of the crash victims spoke to us and he was disappointed the suspects were teens. >> it m

morgan stanley. >>> what are we supposed to make of the home builders?pite some strong housing data, the group's been a mixed bag in terms of performance. we have to worry about this -- all the time. we think that could put a dent. maybe people won't buy as many homes. still when toll brothers number one luxury home builder in this company reported a few weeks ago, they totally knocked it out of the park. it went from 29 to 31. what got people so excited? toll delivers a nice top line beat but more important, headline numbers. they mattered, but it was the 18% increase in net signing contracts, 90% increase in their backlog. i thought that was amazing and the fact that management gave bullish full year guidance. since then, toll brothers has pulled back to the point where its stock is now trading below where it was before it reported, like the past quarter never happened. some of that is anxiety about a possible rate hike but given the stock is already down 13% year-to-date, i got to wonder if it could be just a buy. the ceo of toll brothers, find out ho

so fluid, so -- body builder for us. picture with some practice pretty good. >> he could totally beat the >> it's that magical time. the time we give away an ipad mini. all owe need is a buzz word and 21 careers of age and legal u.s. on canadian resident. >> enter the buzz word on facebook, twitter or both. >> now let's reveal thursday's buzz word. throttle. buzz word, throttle, and tomorrow is bonus give away day. that means s mini and someone wins a flat screen tv. good luck. time for the contouring two post film interviews. >> just waiting, walks up to image that she is sketching so i'm looking forward to seeing that one completed. >> it's important for hollywood studios to really make their money back. oftentimes, they will conduct post films interviews like they're doing here. in a waiting room waiting to be interviewed. walks up to the mirror to touch up. oh, by the way, did i mention they just finished watching the conjuring 2. a horror film. it gets worse. it gets scarier. oh, no. >> oh, no. wait oh, it's me or y

it's like brexit never happened to home builders. are you surprised in some of the commentary. >> it has been surprising. positive surprise. you have the post-brexit shock and i think people kind of seem to be coming back in. heard from barratt this morning. very consistent message. that people are still buying new homes. it's been reassuring. >> isn't that a false sense of security because the big hit in terms of the economic picture, the sentiment picture, could still hit us once article 50 is triggered. once uk leaves eu. that could be years from now. >> that's key point. the macro risk is still there. although you've had at this point decision making. people holding back pre-brexit vote. and then afterwards, you know, the shock factor they held off. they're not coming back in. government support. the real bigger question is the macro outlook and impact of brexit. i think that really thrashes what unemployment does. i don't think we're out of the woods. it's been a very positive selling season. you still have risk out there which

so fluid, so -- body builder for us.ith some practice pretty good. >> he could totally beat the beat boy out there. >> it's that magical time. the time we give away an ipad mini. all owe need is a buzz word and 21 careers of age and legal u.s. on canadian resident. >> enter the buzz word on facebo facebook, twitter or both. >> now let's reveal thursday's buzz word. throttle. buzz word, throttle, and tomorrow is bonus give away day. that means somebody wins an ipad mini and someone wins a flat screen tv. good luck. time for the contouring two post film interviews. >> just waiting, walks up to touchup, but see >> important message for women and men ages 50 to 85. please write down this toll-free number now. right now, in areas like yours, people are receiving this free information kit for guaranteed acceptance life insurance with a rate lock through the colonial penn program. if you're on a fixed income or concerned about rising prices, learn about affordable whole life insurance with a lifetime rate lock that guarantees y

so fluid, so -- body builder for us.ith some practice pretty good. >> he could totally beat the beat boy out there. >> it's that magical time. the time we give away an ipad mini. all owe need is a buzz word and 21 careers of age and legal u.s. on canadian resident. >> enter the buzz word on facebo facebook, twitter or both. >> now let's reveal thursday's buzz word. throttle. buzz word, throttle, and tomorrow is bonus give away day. that means somebody wins an ipad mini and someone wins a flat screen tv. good luck. time for the contouring two post film interviews. >> just waiting, walks up to touchup, but see grocery shoppers of america! take your o organics baby carrots. take your eggs. even your o organics chips. and join the organic movement. organic food is no longer just for the privileged few. now everyone can afford to go organic. o organics, exclusively at safeway. image that she is sketching so i'm looking forward to seeing that one completed. >> it's important for hollywood studios to really make their money bac

home builders getting a bid today.are going to get some earnings later on in the week including lennar, kb tomorrow. i think maybe some macro data too. >> i think kb should have a good quarter because toll brothers has said that -- you get to california, it's impossible. like california homes, you put it up and it sells. put it up and sells. kb home is really very much california, and it's also one of the best performing in the group. lennar's not one of the best performing in the group. lennar's a great company. >> california's turning into an interesting economic story just in the share of jobs every month that are created that come from california. like 40%. >> really? >> yeah, of whatever we get. 182, 151 -- >> i guess that's how an average home can sell for 1.3 for kb and how toll brothers they don't go below 1.5. i mean, that is a huge purchase. a first home of $1.3 million? >> reports of california's demise were greatly exaggerated it does seem. >> weren't they? >> yes, amazing state. jerry brown fourth time aro

so fluid, so -- body builder for us. picture with some practice pretty good. >> he could totally beat the beat boy out there. >> it's that magical time. the time w mini. all owe need is a buzz word and 21 careers of age and legal u.s. on canadian resident. >> enter the buzz word on facebook, twitter or both. >> now let's reveal thursday's buzz word. throttle. buzz word, throttle, and tomorrow is bonus give away day. screen tv. good luck. time for the contouring two post film interviews. >> just waiting, walks up to cottage cheese doesn't have to be just plain cottage cheese. with hood, it can be... ? hey! ? ...peach on a bagel... ? uh-huh ? ...garden vegetable on a caprese salad... a waffle... or cucumber and dill as a dip. with eight delicious flavors of hood cottage cheese, the possibilities are endless. always good. always hood. try new honey & pear and maple & vanilla. ? hey! ? one in eight women will face breast cancer. try new honey & pear and maple & vanilla. early detection can mean the difference between life an

county commissioner susan brager met with the builder and county staff... and says they are following all safety guidelines... and will make sure to notify ((denise valdez)) >>> a new housing trend is emerging throughout the country. rather than growing into bigger homes... families are instead downsizing over time. (( j.p. piccinini/ jp &associates realtors - "5-thousand square foot was the norm, now we are down to about 3-thousand square feet." )) ((denise valdez)) >> areas like north texas are one of the areas seeing it the most. real estate agents say families don't want massive homes anymore... mainly because of their cost... and companies don't want to build them becuase they aren't nearly as profitable. that means more townhomes.. condos.. are getting swept up. here at home... we're actually seeing the opposite. experts tell us local builders are having a lot of success with larger homes... because the las vegas market makes it harder to sell entry-level homes./// ((paul joncich)) >>> if you're not a family looking to downsize... you've still got a w

also in 2009, millennium builders first acknowledged that sinking happened during the construction of the building. >>> much of what the public now knows about the case is because of our exclusive reporting. it's prompted swift action from city officials. and jackson, the builders actually taking the offensive today and jackson is in our newsroom pointing the finger at other alkancies. do they have a case here? is. >> millennium say they've obtained the shocking dewatering data that water is being drained around their project to a staggering level and blame this project next door. and of course they blame it on millennium not having the proper foundation built to bedrock. they just did the best what they could under these circumstances. >> are the builders of the millennium tower disclosing everything? is there a smoking gun memo? >> we don't have everything. they pointed some things today. we asked for further documentation and they didn't give it to us. we're waiting for the joint powers authority who built the terminal next door. even lawyers who have filed suit against both joint

one of her ancestors was a slave builder. she's continuing the building tradition. her actual firm herself started with just herself and $1000. and it has grown to 200 employees in 5 states. she does a lot of work. her company worked on the memorial in washington, d.c., as well. she is looking to expand to other countries as well. and they are the oldest african american architectual firm in the united states. really incredible women. soledad: very appropriate that she's part of this museum. i love that. i can't wait to go check it out. diane, thank you. >> coming up next, rethinking now, kind of a rare sight. kids cheering an announcement about learning more in school. these d.c.-area students will take part in a kind of innovation laboratory within their school. the washington leadership academy is one of 10 schools in the nation to win a $10 million dollar grant from x.q., the super school project. it is funded by laurene powell jobs, the widow of apple founder, steve jobs. russlyn ali, the ceo of x.q. says it' for engaging kids in their high school education and

it's been around for about a herself 5th generation slave builder. one of her ancestors was a slave builder. she's continuing the building tradition. her actual firm herself started with just herself and $1000. and it has grown to 200 employees in 5 states. she does a lot of work. her company worked on the mlk memorial in washington, d.c., as well. other countries as well. and they are the oldest african american architectual firm in the united states. really incredible women. soledad: very appropriate that she's part of this museum. i love that. i can't wait to go check it out. diane, thank you. >> coming up next, rethinking high school. >> coming up next, rethinking high school. i'm really good at war. i love war in a certain way. nuclear, just the power the devastation, is very important to me. i want to be unpredictable, unpredictable, unpredictable, unpredictable. about learning more in school. these d.c.-area students will take part in a kind of innovation laboratory within their school. the washington leadership academy is one of 10 schools in

home builders. reiterating its ratings on its major peers.ise the price targets across the sector. u.k. house builders 2016 trading is holding up well, prompting an upgrade of estimates partly reversing cuts made in the wake of the brexit vote. it expects a sector profit to fall next year as housing prices fall 2.5%. now it sees less of the volume drop at 5% versus the previous expectation of 10%. still expects mild economic slow down. not a hard landing. how the home builders have recovered from that post-brexit lows wel off those 40% saw in june. francine: mark barton with your asset check. my guest is the cofounder of the 6 billion pound ftse 100 financial services company hargreaves lansdown. and a majority shareholder of bristol rugby. he's with me on "the pulse" today. it is a great chat we had on brexit. great to have your perspective and how you try to deal with everything. your biggest read is still attracting talent from europe to fulfill some of the positions you advertise for. >> attracting talent from anywhere, really. the majori

one of her ancestors was a slave builder. she's continuing the building tradition. her actual firm herself started with just herself and $1000. and it has grown to 200 employees in 5 states. she does a lot of work. her company worked on the mlk memorial in washington, d.c., as well. she iski and they are the oldest african american architectual firm in the united states. really incredible women. soledad: very appropriate that she's part of this museum. i love that. i can't wait to go check it out. diane, thank you. >> coming up next, rethinking come on...you can do it! dogs just won't quit. neither does frontline. introducing new frontline gold. with its new easy applicator frontline gold delivers powerful protection that doesn't quit for a full 30 days. its new triple action formula is relentless at killing fleas and ticks. frontline gold. the latest innovation from the maker of frontline plus. for persistent protection you can trust... good boy! go for the gold. soledad: and now, kind of a rare sight. about learning more in school. these d.c.-area students will ta

also with labor costs rising builders are resorting to making more expensive home, abandoning the starter market causing a tight supply of entry level homes. >>> facebook is testing a new feature that shows you status updates. reports say there's now a fox smart what friends are talking about which lists your friends postss a the top of your news need. right now it's only available to a select group on the company's android app. >> good to know. landon dowdy, thank you very much. >>> technical problems are causing delays for british airways flights across the country. it all stems from the computer glitch within the airlines check-in system. the carriers apologizing to fliers and urging them to check in online. british airways s s says it's sg delays but not commenting on social modia reports of issues in san francisco, washington, d.c., and atlanta. >>> san mateo county is taking a closer look at drones in order to understand how to better utilize and regulate those devices. droensz will be the topic of discussion during the board of supervisors meeting today. it's really a study session

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