next speaker. >> hi, i'm witting hydraman, i'm in support of home sharing i love home sharing it's how i met 3 of my best friends in the city hosted by one of them and one a former guest the sharing economy allows for inthoen our city and community and the reputation of this city and home sharing is evolving and getting refinanced be please give home sharing the approach the opportunity to improve so we can make the motive other out of this activity having a public registry is a violation of my rights it will support the neighborhood militaries i'm shocked it's required because the public registry is to the proper while self-reporting every two years is excessive this is an incredibly complex issue but get the few simple places correct no public registry and no cap on the 90 days please don't render this legislation infeven effective with alleged or additions like the public registry. >> thank you good afternoon. i'm linda i'm a 45 year resident of san francisco i've been a tenant and most recently a homeowner but for the last 2 and a half years i've been mart of the home sharing becau

this is how we stay in our home home sharing is part of the mix of making home sharing affordable please don't force people off the other san francisco if we're forced to sell our homes to multiply millionaires and please don't try to prevent a bad behavior if this year's noise let's punish the offered and not limit the single families to support themselves i want to a stay in my home and i'm a working artist and single mother sharia room in my home thank you very much. >> thank you very much. next speaker. >> good afternoon supervisors thank you for a giving me the opportunity. >> please speak into the microphone. >> thank you for the opportunity to be here i was born and raised in the mission district and still live there i'm a landlord in the mission i'm not i'm opposed to home sharing and airbnb currently one of my buildings is being sub led and airbnb by two paents tenants without my or my mothers permission the building i live in the it is not necessary below me that lived there too years ago around it 3 hundred and 65 days we had to evict them tenants after that airbnb for another

so our business in europe has been somewhat flat. >> eli lily shares were off 64.35. >>> and shares of dunkin donuts issued a warning, saying it will be a challenge to meet the low-end growth for the end of the year. despite the challenges the ceo is still optimistic. >> even though i'm very excited about the programs we have in the fourth quarter, i temper that with the fact that the consumers we discussed is in a little bit of a difficult place. we're going to try to get our amounts as high as possible. but my big concern is the franchise profitability and we're doing a great job. >> despite that enthusiasm, the stock fell 6% to $44. >>> and reports out that sears will lay off more than 3500 workers, doing it before christmas, sears has been struggling to cut costs as sales fall. and it has already closed 100 of its locations, shares up 30%, kla ten core, surging and trading on its earnings reports. the company announced a dividend, $16.50 a share. it approved and increased the stock repurchase program for up to 3.6 million more shares. the stock a percentage higher before the close

shares fell to 172.61. and kimberly clark coming up with earnings results, they will cut jobs, despite posting better than expected quarterly earnings, shares still rose almost 3% to 111.23. >>> shares of aquen got hammered, the selloff came after they charged the company with foreclosure letters to borrow borrowers, this denied many of them to quickly correct loan issues, shares plunged to $21.48. >>> and activist investor revealing his hedge fund third point built a stake in amgen, he is calling the company to sflit into two's shares rose almost 5% to 144 and change. >>> ups boosting rates for a number of their shipping services by an average of nearly 5%. last month, fedex announced a similar price hike going into effect in january, share hs risg more than 2.5%. and amazon signing a book contract with simon and schuster, amazon has been in a long-running fight. shares of amazon popped 3% to 315.33. >>> and michigan governor rick schneider signing legislation discouraging tesla from selling electric cars

get 20 percent of my booksing from home sharing the type of traveler that does home sharing books my tours and wants to see the different neighborhoods of san francisco i love to show off parts the city like in the castro actually, my tourist i send hikers to small businesses i send my castro hikers to small businesses like issuing, star bat out of hell i didn't are dinosaur for swashes home sharing goes beyond those renting their homes that effects small businesses i hope you'll allow for us to continue home sharing for our small business community thank you very much. next speaker. >> hi, i'm for home sharing against the 90 day cap and the registry i'm a local i grew up in berkley born in nicaragua if it wasn't for my aunt to give us a home i wouldn't be here today in the spirit of sharing and opening your door to other people i love airbnb the extra cash is great but really it is the fact i get to meet will have people and learn about the cultures in the world if this goes away i'll have to limit it down and probably not been able to stay in san francisco and it's going to make me

the chipmaker earned 66 a share, more than a penny from analyst estimates. revenue came in better than expected and about 8% higher than a year ago. intel's chief financial officer stacey smith said there were several factors for the results. >> we're benefitting from a couple of things here. we have great technology that is coming into the pc segment, growth at the high end, lower priced systems are bringing back share from tablets. and we're starting to participate in a wider range of devices. and then our data center business is benefitting from growth with all the clients connecting to the internet. >> intel shares got an initial bump higher in late-day trading, morgan brennan has more, morgan you know our question, what is the one take-away you see from intel's earnings? >> yes, a good question, the investors were really watching intel's numbers very closely, because not only does it kick off numbers for the sector, intel is the biggest chip maker in the world. in the past week we've seen a dramatic selloff in the chip stocks after another semiconductor

apartments the true sharing economy when people get together and share an agreement because they can't afford one this has visually nothing in it to protect those units and rooms it basically encourages people to take those away to away from people and rent them out on a short-term basis and the 90 days to rent out a room is greater than than you would get in 12 months from another tenant so i think without a real answer to that legislation this shouldn't go forward it would be a crime to effect affordable housing without a response to that issue is it needs to be dealt with or we're making a big mistake to proceed with that legislation at this point thank you very much. >> you thank you very much. next speaker. >> i'm antonio lee he was here last week and i wouldn't believe how some of the issues that are most pertinent to this i'm glad that a lot of people are mentioning that this time as well as opposed goal of that short-term rental is to help people why not why can't they make a little bit of extra money it doesn't - while we do that the very people that don't have a place to live

helped my family i'm not financially scurry have to rely on the monthly income to stay here home sharing fits us you've heard about the benefits of home sharing for the community the local businesses and struggling families like my own one thing i think it is important to mention it's that by home sharing we're addressing a problem that providing affordable stacey space for travelers to stay not downtown you take the mission no or yes to hotels that accommodate the amount of visitors we receive we're cafe using the existing resources to accommodate this need i hope you will protect families like mine and support the fair home sharing in san francisco thank you. >> i'm sorry can you repeat our name, again. >> next speaker and hi, i'm sherry i live in district 9 i lived in san francisco and represents the extra room i have two major issues the 90 day cap and registry i adopt to go into the home sharing that's a helped me in san francisco i shouldn't have to okay. the voices that have come to the meeting regarding the issues the new economy as the united states deals with middle-income fami

in the city and airbnb is paying the tax legal missing home sharing in san francisco we're close to approving the legislation it's important to look at the restrictions i'm discouraged its been decides two difficult to tell if someone lives in their home that's across the board time limit on hurrying i'm discouraged the time limit is still be considered i'm determined the city continues to shut down hosts like me awhile greedy landlord continue to ellis act in what should be affordable apartment building and homeowners are not the reason for that high hotel rates in unindirectly areas we not responsible for buildings that are ellis act and not converting affordable housing shock into short-term rentals please don't paint us with the same brush as bad folks help us to stay in the city without a cap on the 90 days it's good for homeland security and good for our neighborhoods and good for our city thank you very much for listening. >> thank you very much. next speaker. >> good afternoon. my name is a r is wlil la my husband and i are not hosts but when we traefld to europe and the uni

i saudi in a home sharing unit when i invested my x home country london it struck me i could use my spare bedroom for that it soda empty for several years my children are grown it is unused space. i'm semi retired this makes it possible to continue to live in this very expensive city. which i've grown to love so much over the last 25 years. i love the idea of using an asset and being able to offer visitors in a place where there's no hotels i have an elderly come up that are living one block away with children they have their own place. this is also an economic committee i want to make a couple of economic points i have been to afford a cleanerer and she also comes and changes the guest room in addition, i buy supplies food and breakfast it from a local grocery store opt the library so i'm helping the city multiple this thousands of other hosts and the economic impact is substantial so hvrz is going for katrero hill and the city of san francisco. >> thank you. next speaker. hi, i'm paul my wife and i own a small jewish company open for four and a half years we accident in the height

since there have been reports in the news about the bike share program i have invited the bike share program sponsors for the san francisco program to include bay area air quality management district and the san francisco municipal transportation agency and also bike share in case you have additional questions. >> are there any of these stations anywhere else bids the -- besides the water front in >> yes they are all over the city. i have a map. they are primarily the financial district connecting with the regional transit providers for commuters. it's the goal in the program was to provide a transit option for the last mile of your transit connection from cal trans to the financial district. but i have invited mta and bay area air quality management district to expand the programs into neighborhoods. >> thank you. good afternoon commissioners. my name is maddox for the program in san francisco and planner with sf mta. you asked about other stations in the system right now. there are a total of 35 stations in san francisco, part of the initial pilot roll out and they are spread out b

of a billion buying back shares. the stock rose almost 7% to 55. 58. >>> big blue also out with a buyback, the board of directors authorized an additional $5 billion worth of stock to be repurchased. the company says it will make the purchases depending on market conditions, coming on top of the remaining $1.4 billion left on its current buyback plan. the stock rose 1% to 163.60 madison square garden with a trend, exploring separating their entertainment business with their media and sports business operations. the sports business owns teams like the knicks and rangers and regional sport networks like msg. its entertainment hosts concerts, shares were up 11% to 72.99. >>> and receptos surged today. on word that the drug maker's experimental bowel disorder drug met its main goal in a study. the ceo explained the potential for the drug. >> 70,000 patients get diagnosed in the united states alone per year, approximately 70% of patients each year with colitis, there is an opportunity to make a difference with patients an

i do everything that i can share. so thank you for joining us to tell us a little bit about your company. >> thank you for having me. >> though it's get being so much attention right now, the actual concept of a sharing economy is not a new one. for many years, commercial cooperatives have allowed small businesses to increase their purchasing power and reduce marketing and hr expenses. as we found out, co-ops are giving independent businesses a shot at growing and surviving by working together. >> carpet stores were closing up like flies around here. i said there's not going to be us. >> fran, an independent carpet store owner in detroit, michigan, is certainly a realist when it comes to business. >> we were in desperate, desperate shape. but we just hung on, and worked hard, cut back some salaries, cut back some help. >> the big boxes were coming in. the lowe's and home depot were coming in. they were taking most categories, and monopolizing them. and really putting the locals out of business. >> howard, founder and

apple earned $1.42 a share in its fourth quarter easily beating estimates of $1.30 a share. revenue of more than $42 billion was 12% higher than a year ago, it also topped forecasts. apple also raised its guidance for the full year and its shares rose in after-hours trading in the regular session apple was up 2% to $99.76. josh lipton spoke with ceo tim cook earlier today. josh joins us from outside of apple's headquarters. now that you've looked over the numbers, what's the big takeaway from these amazing results? >> i think the big number certainly analysts and investors will concentrate on is the iphone. that still does account for 50% of apple's revenue. they shipped 39.3 million iphones this quarter. that was up 16% year over year and beat wall street's estimates. i did have a chance to sit down with ceo tim cook and i did ask him specific by about the iphone 6 and 6 plus. this quarterly includes nine days of sales for ten countries for those new iphones. cook telling me he saw demand there off the charts. and he was very excited about the initial rollout of iphones in

excelsior deserves a spotlight and home sharing could do that i hope you'll pass this legislation thank you for your time. >> hi my name is kathy incurring i'm in the castro district i'm a hosted airbnb host and i own my own tic and support home sharing i want to thank you all so much for on the work you're putting into this it must be a difficult task and an important issue thank you, very much several years i was one of the tenants that was looking for a place n to live in san francisco and having a hard time because of airbnb i was able to buy a 3 bedroom tic and have one room for me and one for a full-time tenant and one for a airbnb there are two few people looking for a place to stay now and i couldn't have done it without the airbnb and as a hosted airbnb i would find it difficult if i had a 90 day restrictions i wounded be able to keep my home with respect to the business use of the property audio haven't seen this but how about the opposition given to the massage therapy and all kinds of things and i wonder in you know there are so many owner restrictions like the registry and

in other words, large cap shares are vulnerable to a rising dollar. small caps less so because they derive most of their income from domestic sales. >> yeah, i think that is right. i mean, again, small caps being less liquid do tend to be a lot more volatile than the large caps. but i think people right now, earlier in the year it was let's buy the large cap stocks with good international exposure. because everybody thought europe was recovering and china was getting stronger. now, some of the recent news, europe is weakening, china is slowing down, people are coming back to the united states and buying some of the smaller cap companies. that is part of what is happening here. >> mike, thank you very much for steering us through the areas of the small cap company shares. >>> turning to the oil markets now, oil prices rose along with stocks today bouncing off a four-year low but not by much. domestic crude added 5 cents a barrel closing at 82.75, brant crude rose by 4 cents. west texas's down for the fourth week in a row, brant crude was lower by almos

in the future and with respect to local laws and local interests so definitely in support of home sharing would appreciate some fair legislation to make it legitimate and representative of all the interests in the city. thank you. >> good afternoon. my name is david gruber i'm president of the coalition for better housing i appreciate the effort gone into the legislation today. i'd like to comment on my own i feel the economic growth of san francisco is going to continue. what we've seen now is part of a growth pattern that we're fortunate to have, in fact, we're the enar very of the world not only in san francisco but the bay area. rough numbers one hundred and 25 thousand sdwnlz that are 2 hundred and 50 thousand rental in buildings of 2 or more units if we want to take the one hundred and 50 thousand there are 20 percent not protected and that brings us to 60 thousand we're talking about one hundred and 85 rough numbers of unit that are part of this legislation. so what you have today is only the giving you have to realize you're going to be working on prevention that has to control th

and beautiful i'm asking the board of supervisors to pass fair and sensible legislation for home sharingn san francisco i thank you very much >> next speaker >> hi, i'm in district 9 and when i first heard about airbnb i immediately utilized the services when i was traveling i loved staying in a home with a kitchen and i love exploring different nablgdz traveling is not just about investing special i know sites like the eiffel tougher but coming to san francisco i like in the same way i think airbnb provides a service in the hospitality industry where people can stay near their friends and family that lives in san francisco and explores the neighborhoods where hotels are not servicing that neighborhood i also as a host i feel very comforted by the fact that airbnb offers or takes out a million dollars insurance policy on every rental and collect a deposit up to one thousand dollars for deposit and airbnb takes care of that and puts a hold on their card and returns it if i don't mention anything after they stay i'm a host and the 90 day limit should be looked at devil between host and no

look at how the shares turned out. boot barn, 9.75. fifth street fell to 13.37. >>> and shares of trulia fell as investors reacted to a disappointing quarterly report. the website operator reported a loss that met estimates but sales came in weaker than forecast, zillo, which will acquire trulia saw shares fall a percentage point. >>> the real estate watchers wondered why google plus put $50 million into auction.com, today the answer was revealed. it is all about the speed of information. diana olick has more. >> reporter: it is the power of the very public search, google using your search data to determine home sales, put it together with proprietary data from auction.com and you get not a forecast but a now cast. >> this now cast is about as close to realtime data as you can get. we're looking at ongoing realtime search traffic. >> reporter: it is the brain child of google's chief economist who says by using google's search terms and overlaying them onto auction sales data, they can predict the home sales faster than the realtors. wh

after pricing six million shares at 16 apiece, shares rose 18%, pretty impressive after the nasty day with stocks. morgan brennan has more for the company. >> reporter: it's the company known for ski balls, cocktails and a mountain of nachos, the ceo, steven king, says there is room for more. >> the sales are strong kind of leading the way in casual dining. the margins are better and the pipeline for new store growth is on track. >> dave and busters is across the u.s. and canada breaking this business down into two parts, dining, food and alcohol, and amusement parks, these games account for more than 50% of the company's $636 million in revenues and helps to offset the volatile commodity prices associated with the restaurant and is much less expensive to run. although most analysts have not yet officially begin covering the stock, many say it will fall under the casual dining. and the amusement segment will mean access to movie parks and themes as well. >> most of them are serving food, primarily. there is not much entertainment within the restaurant space in terms of dine in and flo

collectively between us we need to share it, we need to share across the entire sector, what marc said i really agree with, insights of one can translate to the defense of many. that is a great value to us as a nation. we need to come up with a system that enables us to do this in a real-time way. the only way to do that in my mind is, the legislation that you will be talking about later today as well as sitting down in a partnership and walking through exactly what elements of information are you comfortable with sharing, what do you feel you need from us that, the government, likewise i would like to have the same conversation with you. here are elements of information that would help us. here's what we're comfortable with sharing. i have got to do, and i say this as an intelligence individual, i have got to do this in a way you can actually use it, and not, well, i will classify this as level that makes it unworkable for you. that is not going to help anybody. so we'll be working our way through that process, but the key to it is going to be dialogue. the sector construct if you wil

micron technologies board authorized a share buy back program sending its shares higher. this is the chipmaker's first share repurchase plan in three years. it rose 4%. >>> amazon is buying rooftop media. this is the online comedy services company as it looks to build its digital media library. rooftop places comedians' performances online and shares the contents. it recovered a bit from last week's sell-off. >>> and shares of kohl's plunged initially in after-hours trading after the retailer issued a warning. the company said its sees earnings for the year hitting the low end of its previous guidance. kohl's is blaming weak sales. that sent the stock lower finishing the regular session with a slight drop at $58.5. >>> we heard from merck today, but later this week a number of pharmaceutical health care giants are slated to post reports. more on what wall street will be watching for. >> reporter: pfizer is expected to report its third quarter in the morning. sales still pressured after the patent expiration of blockbusters like lipitor. with the new breast cancer treatmen

next speaker. >> i'm tom, i live in district 6 and i'm a huge fan of home sharing i want to tell you quick story i moved in san francisco to work with a tech company in the city and did very well and able to leave that company to start my own i have here not san francisco so home sharing has allowed me to continue and keep my business in the city i have to tell you if that were not for the offsetting the costs in this city i'd have to leave that's a concern for me and on that share my same story i want to say historically speaking registries are a bad thing i c i can tell you with the ability to seek public information i can tell you when a person is not home and their home is most vulnerable i'm sure there are more details but that's inviting my take. >> i'm sorry what's our name. >> tom. >> next speaker >> my name is geena cuing i totally supporting home sharing i live in berno heights in two condos i dough u bought 23 and a half years ago before i i represent because of the cost of living in san francisco is so high i have to depend on on home sharing to make up for the cost of in

shares ended at 93.57. endo international buying the pharmaceuticals for more than $2 and a half billion. they value it at a 12% premium. it was a rough day for endo, 6% lower at 66.78, axiliiom up. and kendra buying gentiva who provides home health and hospice services. shares of both companies ending higher. kendra finishing at 20.75. gentiva up to 19.49. >>> allergan, the maker of botox says it is under-valued, it has been reported that allergan raised the bid. shares closed at 187.55 apiece. amazon, the 800-pound guerilla wanting to open the first brick and mortar store. opening in manhattan across from the empire straight building. the store would also reportedly function as a mini warehouse with limited inventory for same-day delivery right within new york city. the stock lost more than 2% closing at $315 and change. semantec the latest company to split up. after of the closing bell, the tech firm known best for the anti-virus software will trade two companies. one focusing on software seales they fin

shares of the streaming video service plummeting 19% today, $86 a share. yesterday earnings were above wall street's expectations but subscriber growth disappointed and hbo announced they are entering the business. >> as netflix shares plummeted, the numbers were defended that most concerned investors, a shortfall is subscriber growth, 700,000 fewer than forecasts, saying it was not due to competition but a lack of big hits and a price increase in may. >> with a little bit higher prices you have a little bit fewer subscribers, so that is our sense of it. but we can't be 100% sure, we have so much benefit from orange q 2 and 3, but that is what we think. >> daniel ernst agrees. >> listen, i'm not going to pound the table today, they actually missed subscribers, the subscriber growth is the key to the story, but they will be fine. >> hbo is key to launching the service, despite pressing on how bad the competition could be for netflix he insisted he is not concerned. >> you know, we compete with them like baseball and football compete. i mean, you know, peopl