consider united rental, the largest equipment rental company in the world. around 400,000 pieces of equipment and machinery. they rent out to the united states and canada. home builders along with municipalities and government entities. the finger on the pulse of america's industrial economy. with everything from backhoes to forklifts, earth-moving equipment, aerial work platforms, portable generators, pressure washers and more. i like this company because it has a very smart business model. think of them as an equipment outsourcing play. even if they might not need it for a long time or might even just be using it once. united rental has reported yesterday after the close and the company delivered a four-cent earnings beat off $1.59 basis. revenues came in a bit light. rising 7.5% year-over-year. originally an 8% gain. revenue was up 8.3%, reaffirmed the full-year guidance, authorized a $500 million buyback. talk about shareholder friendly, this company's only a $5.8 billion company. that's huge! no world the stock soared $2.15 today. let's check in with mic

. >> pop here for united rentals. the long term chart against this is excellent this is one of their strongest quarters. i would be a seller. >> drop for ebay. down 4%. >> came out with the earnings and the guidance was pretty bad. not pathetic but the guidance was bad enough to take it back down to 50. it gets a slight rebound here. i give it another day or two to settle. i like it around 50. i think revenue is up. and the good news is they are guiding higher. >> and you got a pop here for bonds. automotive news site has identified this as the unanimous bidder who recently paid close to a million bucks for a car used in a james bonld film. discovered in an abandoned storage locker and sold at auction last month. no word on whether he will convert it to run on electric. >> probably help if that one ever catches on fire too, underwater? nothing? crickets? >> you just can't be popular forever can you? some are turning their backs on popular stocks. should you be doing the same? does the big miss make frr a great buying

finally as part of the disposition and development agreement, lanar promised rental units. guess what, the first amendment that lanar made was to get rid of the rental units so now you come behind trying to have some affordable housing where you can't put a king bed in the rooms. if you put a king bed you won't be able to move around. thank you very much. >> the next speaker is vincent. >> good afternoon, hear christian johnson, director of tiffany, my name is doris vincent. i'm lived in bay point for 52 years. homeowner for 43. i appreciate the team that came before you, everything they've told you was presented to us, i appreciate the nakt they listened to the concerns of those of us who sat at the sharet and other meetings and i wish you to approve both 50 resolution -- resolution 2013 and resolution 51, 2013. they've done excellent job listening to community.

control and no fault evictions no fault evictions include evictions by which an owner takes a unit off the rental market in san francisco that's for 5 years minimum and if the unit is placed back on the rental market within the 5 years the first tenant has the right to move back in with the first rental rate if on the market in 10 years the second 5 years they can be charged the full rate after the first 5 years >> commissioner i would add that jefferson a no fault there's rules for the no fault if the tenants at fault if they're not adhering to the rental contract with no violations p there are more restrictions on how they can be evicted. >> good afternoon legislative aid to john avalos. thank you for considering that. the commissioner is interested

last night we had a confident united rentals on the show, a huge caterpillar customer and all i heard was how demand is spiking for construction equipment. when i meld that with the sharply better than expected chinese gdp number we got last night, and the radical turn in the fortunes of europe, i have to come away with the possibility that caterpillar could raise guidance, not slash it, like a lot of -- but actually raise guidance through 2014, which would cause the stock to shoot past 90. put that one on your radar screen, please. after a too strong employment number, perhaps. it might be a huge opportunity with very little capital expended and a limited risk, because remember, i want you to use call options. i told you next week was a big one. ford motor reports. and i hope to hear two good pieces of news. the first being that european operations have turned around and second that ceo alan mulally is going to stay through 2014 to finish the big turn before he hands it over to mark fields, another terrific manager. ford is a main industry of my charitable trust. i think he can go to

last night we had a confident united rentals on the show, a huge caterpillar customer and all i heard was how demand is spiking for construction equipment. when i meld that with the sharply better than expected chinese gdp number we got last night, and the radical turn in the fortunes of europe, i have to come away with the possibility that caterpillar could raise guidance, not slash it, like a lot of -- but actually raise guidance through 2014, which would cause the stock to shoot past 90. put that one on your radar screen, please. after a too strong employment number, perhaps. it might be a huge opportunity with very little capital expended and a limited risk, because remember, i want you to use call options. i told you next week was a big one. ford motor reports. and i hope to hear two good pieces of news. the first being that european operations have turned around and second that ceo alan mulally is going to stay through 2014 to finish the big turn before he hands it over to mark fields, another terrific manager. is ford is a mainstay of my charitable trust. i think he can go to $

go buy united rentals which is a huge equipment rental company.t's become the de facto way for builders to get their construction equipment. cheaper, more discreet, well managed. business is terrific. you want china? buy an engine company, the one that's working. buy cummins, a fabulous truck engine company. you're just betting on the wrong horse with cat. cummins. how about tech. earlier this week, altera a miserable quarter. the market took the entire semiconductor cohort down as well as anything pc related. then tonight microsoft, hammered all week over worries about tech sales, blows the doors off the quarter, top and bottom line. stocks screaming in after hours. say you think oil is going to rebound after a week's worth of weakness. you want to own an oil service company to trade the move. aren't they all the same? one big commodity oih thing. ask the people who bought cameron or diamond offshore. they executed so poorly it took their breath away. how about ensco, a company nobody likes? many thought it was going to miss the quarter and guide

. >> check out united rentals, uri, those shares spiking.ed earnings before the actual closing bell. the bottom line for this, the revenues came in in line. earnings per share better than analyst estimates. ceo of the company also saying they saw robust demand for their products. also they expect nonresidential construction trends to trend higher in 20 14. so, those shares, bill, up by about 4%. back over to you on the floor. >> the upside not by much but the dice is there. we are strengthening into the close of the day. we'll have the closing countdown in a few minutes. >> we were up 200. after the bell, ceo of honeywell and bmc software will say how the shutdown and debt ceiling debt impacted their companies. you're watching the "closing bell" on cnbc. it's a growing trend in business: do more with less with less energy. hp is helping ups do just that. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and the

parcels where the housing successor and the successor agency proposed to build approximately 80 units of rental housing that would be replacement housing that would be funded under 2013. this was submitted to the department of finance in rocks 3. significantly the state requested a review of that particular item along with several others and the agency described in detail the nature of the 2113 obligation and how this parcel project fit within the fulfillment of that obligation. after that, a submission by the successor agency, they approved that item. currently today we have a rock that would seek funding for 2113 for 80 units in the south of market. notablely the state has asked for review of that item and we are going to submit an analysis very similar to the with parcel and how that's apart of our obligations. so we had fulfilled the requirements for the final conclusive just to recap. the actions of the agency of hcd and certifying the funding and that it constituted property tax given the size of the obligation which we think is going to be $1.5 million and the revenues will be advocated

supervisors is scheduled to take up one proposal that would make it more difficult to convert several rental units into one single family home. >>> an alleged car thief is in custody after the highway patrol used the car's gps to locate it. the car was reported stolen in concord. officers with the highway patrol tracked it to pacheco boulevard in contra costa county this morning and that's where they took the suspect into custody. the highway patrol says that suspect now faces felony charges of motor vehicle theft. he was also wanted on an assault charge. >>> firefighters in concord said a locked game kept them from getting to a fire. it started at about 11:30 last night near concord boulevard. the building houses a towing company at least four cars were burned. flames also damaged two outbuildings and a travel trailer. damage is estimated at a quarter million dollars. >>> antioch police announced the capture of a wanted parolee. they said he tried to escape officers with cash and a loaded gun. they spotted 38-year-old wilson driving near sycamore drive. after a short chase, wilson abandoned his c

united rental zone. caterpillar has failed to execute. boeing has executed so incredibly well. i have honeywell tonight. they did not do well in defense. boeing does have a defense business. it is not going to be as clear-cut this week. >> what about starbucks? we got this story this morning overcharging chinese. >> it feels like the chinese, they have it in for these american companies. >> they claim a coffee chain, they charge as much as 50% more for some of their products. >> they said they have labor issues. one of the things we know is that when the chinese have turned on a company. >> starbucks is a great chinese company. you have to very quickly get this behind you. very quickly. they have to dress and get behind. >> they didn't do anything wrong like glaxosmithkline did. >> yum has been disappointing. you cannot be in the yum/glaxo category. there was an article about how mercedes did something the government liked. that kept ford and chrysler. the government must be appeased quickly, quickly. >> so what do you do, lower prices quickly? maybe a coupon? i don't know. >>

supervisors is scheduled to take up one proposal that would make it more difficult to convert several rental units into one single family home. >>> an alleged car thief is in custody after the highway patrol used the car's gps to locate it. the car was reported stolen in concord. officers with the highway patrol tracked it to pacheco boulevard in contra costa county this morning and that's where they took the suspect into custody. the highway patrol says that suspect now faces felony charges of motor vehicle theft. he was also wanted on an assault charge. >>> firefighters in concord said a locked game kept them from getting to a fire. it started at about 11:30 last night near concord boulevard. the building houses a towing company at least four cars were burned. flames also damaged two outbuildings and a travel trailer. damage is estimated at a quarter million dollars. >>> antioch police announced the capture of a wanted parolee. they said he tried to escape officers with cash and a loaded gun. they spotted 38-year-old wilson driving near sycamore drive. after a short chase, wilson abandoned his c

more than half of the units off the rental market in san francisco in the past year had the same tenantsore than 10 years. >>> there's a new ban on revenge porn here in the state of california. the governor signed a bill making it a misdemeanor to post identifiable nude pictures of someone else online without their permission and with the goal of causing emotional distress and humiliation. offenders face up to 6 months in jail and $1,000 fine. the law goes into effect immediately. >>> more than $1.3 billion in unclaimed lottery money going back to our schools this year. most of the money goes to k-12 schools. nearly $170 million to community colleges and about $75 million to the cal state and uc systems. i guess you better check your tickets. >>> a dance team moves to a popular song sidelined in wisconsin high school coaches career. the coach was fired in august three days after a halftime performance to the popular summer song, blurred lines. she says students have always picked their own songs but school leaders in marshfield told her they received complaints about the routine. >> i go

a state law allows property owners to evict tenants with buyouts and fix up the rental units and put them back on the market. mayor ed lee announced today san francisco is tripling its funding to prevent ellis act evictions in the city. >>> guns and ammunition will be a major topic of discussion tonight at pleasant hill. the city council is considering regulations on guns and ammo sales including rules on how to close gun stores and how, excuse me, how close gun stores could be to homes and to schools. the council will also address requirements for store owners and workers to pass criminal background checks and a requirement for stores to install alarm systems and cameras. >>> new at 6:00, drivers of hybrid and electric cars can keep driving solo in the carpool lane. the governor today signed a bill sponsored by san francisco senators allowing cars with the so-called green stickers to stay in the diamond lanes until the year 2019. the program was set to expire in two years. more than 50,000 of the stickered cars are on california roads. governor brown also signed a bill making electr

when will that in a country where minimum wage does not teach a fair market rental apartment in any major city in the united states, while it's important to consider programs like section eight, we had to recognize how it rose under the reagan administration, and it rose yet another way to subsidize the private market, to the federal government pay private landlords. and so in some ways, section eight is simply turning the federal government into one of the largest clients of slum landlords across the country. >> in closing i have one final question for you. in the book you did say in the beginning, you talk a lot about the legacy of private property ownership, the cultural connection to that hasn't really developed over our natural history. him so i guess going to your proposal about communal ownership, homeownership, i'm wondering what kind of contradiction, ideological contradiction you see surfacing in this idea of fighting over levels, and particularly amongst people of color who have really been restricted from property rights, attached to it throughout history. >> i think that's a really good questio

unit. a controversial test given to hundreds of students at a rental high school. it was part of a lesson plan that some are calling offensive. the test presented to about 411th and 12th graders were is itling test.h test includes the phrase uncle tom and a question about how long to cook chitlins. to illustrate bias in testing. were students who did not want to talk about it for weeks. they were very upset by it and if you read the test you can see that there was the most humiliating, demeaning questions that made no sense whatever. made, wewas a mistake admitted to the mistake to our students and parents and said let's learn from this and move forward and that is what the school has done. >> dudes participated in that students august -- participated in that lesson in august. are launching an investigation. are following the latest develop mets and the government shutdown and debt ceiling debate . while there appears to be a willingness to avert a default, nothing official yet on that front or on ending the government shutdown. the white house said president obama

rental market. >> single family yields interest quite lower than they are today and quite lower than historical yields in other united states asset classes. >> at some point in time they will have to sell. that's a fact. how long are they going to hold? >> i don't know. >> blackstone says they committed to investing in the communities where they are buying. >> i think it's hard that we are betting on america with this housing strategy. we are betting that our housing strategy will recover. >> i have talked to my client and they tell me they are planning for a prong term hold. >> big investors are looking to even up the housing market. we are going to come back next month andbly our gunls and a little fishing in the big pond. >>> socialologists call them test towns areas in chicago and boston that are homes to staffing agencies. >> they pay low wages for a company that wants flexibility. we'll take you to tempt house. >> regular job it means you are living from pay neck tock may yun. tock -- from pa paycheck to too paychec. [[voiceover]] every day, events sweep across our country. and with them, a storm of views. how

unit is far, far larger than any number can indicate. i live in a neighborhood surrounded by what used to be rental apartment. to what degree they were affordable i can't tell but for years i've talked with supervisor chu about those apartments are all empty. there's somebody waiting for something in order to occupy them with a different form of renters or whatever. it's sad to see there's a large housing stock unoccupied at this point held back because of the things wore discussing here today >> understood. >> i'm supportive as well. i wanted to ask supervisor avalos staff why are we getting the proposal now without the language why not wait for the language? i believe we had scheduled that back and thought we'd have the language by now we wanted to keep the hearing date >> i think you're hearing we're all supportive and obviously rerealize right now, we're having a crisis to the extent we can uphold the housing element in keeping our affordable housing stock on the market is very important. i'm supportive of the 10 year i think the economic cycle i want to keep it a 10 years because of the market. i don't w

rental business, these renters are out of a home. it's called an ellis eviction and jeremy mike calls is facing one now. >> three units will form a luxury single family dwelling to sell for a high profit. >> reporter: an elderly couple who rented for decades became the poster family for ellis evictions gone wild. >> we cannot continue to let this public health plague grow. >> reporter: what they like to see is some changes that would restrict the sale of apartments. they would do that by subjecting them to more local planning department oversight. >> we can impose certain laws that will make it less likely that tenants will be evicted for these. >> reporter: but not everyone says this is a bad thing. >> it's their home. it's not speculative head coach purchasing. >> reporter: this attorney represents landlords. she agrees the city needs more affordable housing. but she says it's not up to the landlords to provide it. it's the public's responsibility. >> i think that we need to be looking at affordable home options. there should be housing available. there should be resources available to those people. >> reporter: in san francisco, mark

rental assistance for long-term homeless adults with certain disabilities, including h.i.v. aids, mental health issues, and drug and alcohol abuse. and one of those federally subsidized units, number 221, is all set for its new resident who can't move in, dior hall. >> there's no words to describe how it feels to have to get up every day and not have anywhere to go. >> reporter: hall, who is 36 and a part-time cashier at walgreens, has been sleeping at san francisco's providence foundation homeless shelter for 17 months. every morning she and the other shelter guests pack up their sleeping mats and personal belongings and leave by 7:00 a.m. hall was supposed to move into her new studio apartment yesterday. but now she doesn't know when she'll be in her new home. >> i found out recently, i saw that the government shutdown, but i didn't know that it affected me personally. was really disappointed because i was so ready to get out of here. you have no idea how it feels to have the rug pulled up from under you like that so quickly. and be so you know happy at one point and all of a sudden you just-- it's a down. >> reporter: hall hasn't seen her new digs yet, but she's heard g

rental with the option to purchase. and so what i'm trying to get people to do now, slow down, say wait a minute, taking units out of theamily housing doesn't lend itself to long-term rental. >> that's interesting because a lot of the investors that i've spoken to in the rental play say this is a long-term play, they expect to hold these homes for 5, 10, 15 years. ranieri sees this as a short-term play. he told me we need to stop focusing on what to do with fannie and freddie, he separates that out from the private label market back to securities. we need to focus on private investors and stop worrying about fannie and freddie. >> diana olick in washington today into here's question, are you unhappy with cleaning service or local haniman. start-up handy book, booking for household services including home cleaning, household repairs, plumbing and moving. joining us at post nine, great to have you. >> good morning. >> we've seen this work a lot of different times with town cars, like huber has or some other things with contractors. tack a fragmented market, roll it up using a mobile app, right? >> right. book on handybook

rental. hertz, enterprise, avis. resulting in improving pricing. in the case of airlines, three big carriers assuming the deal with u.s. air and american goes through. and then we'll have unitedll have done well since you left. >>> 40 years in the business. you don't know what you've done over that period of time. >> over a 40 year period? >> if someone decides to go with m mdcs you minimize down markets? >> we're 400 basis points a year on average. >> 400 basis points above s&p 500. >> compounded annually since inception. >> that's awesome. >> some people think we're stuck at 7 or 8% long term? >> overall for the market concerns yeah i buy into that. >> but 12 with you then is this. >> i would hope. >> thank you. appreciate it. >> great to have you. >> thank you. >>> when we return, legendary investor boone pickens helps us rise above the debt tlechlt and senator bob corker on janet yellen as fed chair. >>> and the art of compromise, former ceo from disney michael eisner. he'll talk about what it takes to get a deal done and what washington could learn from corporates. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, plan