tyco. 100% of united rentals. let's see what they have to say when we report on friday. stick with cramer. ♪ [ banker ] sydney needed some financial guidance so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today...and tomorrow. so let's see what we can do about that... remodel. motorcycle. [ female announcer ] some questions take more than a bank. they take a banker. make a my financial priorities appointment today. because when people , great things happen. carsthey're why we innovate. make a my financial priorities appointment today. they're who we protect. they're why we make life less complicated. it's about people. we are volvo of sweden. >>> just when you think the market should get hammered the calvary comes. tonight's came in the form of facebook with incredible earnings and apple with a 7 for 1 spl

. >> uri, united rental. >> we did this on technicals the other day.n the fundamentals it's good and that was a great read through from united rental for caterpillar because caterpillar turns out to be the one business that's really, really strong, it is indeed construction. just as mike said. let's go to howard in connecticut. howard? >> caller: hi, jim, long-time follower. i own lng but they have a new stock out called cqh. which one should i own? >> at this point i am preferring cqh. i think it represents a little bit -- i'll tell you, boy, i didn't know it had moved up that much. you know what? we're pausing. we're going pause on lng until we get a fullback. it's just right to pause. give it a little break. you know we like mr. sookky but we have to give it a graek. jared in new york. jared? >> caller: hi, jim. shoutout to mo at university of oregon. >> completely go. ahead. >> caller: i would like to know what you think of the stock cvr findings. >> it's kind of a not great refiner frankly. i've been recommending holly frontier but them the day be

it seems so natural given that united rental, a company we had several times and said its heavy machinery customers are as bullish as they've ever seen them. it's reasonable to think there's a big uptick coming in construction spending. maybe from the boom in oil and gas and nonresidential building. it's no surprise when the once despised now acclaimed caterpillar, big dow stock smashed through 100 like a hot knife through butter. it is the leader of 2014 that i follow. companies that melt iron and bend steel are acting the way the biotechs acted not long ago and a huge acceleration in car sales led even general motors to rally. talk about a rising tide lifting the leakiest of boats. it was an amazing reversion to the old industrial days. in fact, feels a little like the '80s and '90s when manufacturing ruled the day in america. now, watchers of the show know i end every episode with the same promise. to find the bull market somewhere. and after a day's respite where 2013's leaders reblossomed, the bull market remains in stocks that do best when the economy picks up speed. something that'

the project includes 129 new rental housing units and 20 percent of the units on site or 26 units will be affordable to households making 90 percent of the meeting. for a family of tower, you're combined household is $87,700. the development of this last site has had challenges of which you'll hear in the presentation on oci in which they can describe in more details. it's an oddly shaped parcel and wrapped by the freeway and there's height limitations on this site in conformities to the buildings that surround it. it's consistent with our city wide program and it produces horse housing. it's a discussion we have here constantly at the board of supervisor. i want to recognize the project sponsor for working really closely with our office, the staff of ocii and the commission on figuring out how to meet many of our different dwoels and priorities and to deliver a project which will be set to break bound this year in august of 2014. and we also appreciate that this development fits within the policy framework that our city is building upon for below market rentals and below homeowner shi

code to mitigate adverse impacts of tenant evictions to provide that when residential units are withdrawn from the rental market under the ellis act, each relocated tenant is entitled to the greater of the existing rent relocation payment, or the difference between the tenant's current rent and the prevailing rent for a comparable apartment in san francisco over a two year period; and allowing a landlord, through a hearing process, to obtain a revised relocation payment obligation based on an undue financial hardship adjustment >> item 6 ordinance amending the administrative code to mitigate adverse impacts of tenant evictions to provide that when residential units are withdrawn from the rental market under the ellis act, each relocated tenant is entitled to the greater of the existing rent relocation payment, or the difference between the tenant's current rent and the prevailing rent for a comparable apartment in san francisco over a two year period; and allowing a landlord, through a hearing process, to obtain a revised relocation payment obligation based on an undue financial hardship adjustment or re

but remember, united rentals down ten straight points and hertz is getting rid of. going to be splitting off that rental business that is this kind of construction. and that's -- that whole group was under a lot of pressure today. let's go to jeff in my old home state of pennsylvania. jeff? >> thank you, jim, for helping so many people and giving so much of your time. >> thank you. >> if more people were like you, the world would be a better place. >> there are people who are -- who do a great job in this world. but go ahead, thank you, thank you. >> i'm interested in one of the many energy companies. got a downgrade, is it one of the good ones or one of the bad ones? >> look, i like him, i think apa apache's fine. that's a terrific company, it's got a little yield protection. chevron, down very badly today, my charitable trust owns that one. down off an interim update where that's got a good yield, too. both of those are preferable to owning apache. rocco? >> jim, at the moment i am a current owner of amazon. where, in your opinion, do you see this stock heading? i

names like united rentals or trw automotive, cisco in large cap tech, down tape, i'm not sure cisco was down that much with expectation so low. liz: down 1 and 2/3% for cisco. >> versus 2.6, or 2.7 nasdaq in microsoft. you are seeing beginnings of a technology upgrade cycle but very, in small parts. you're seeing enterprise and commercial spending going higher and i think that will bode well for the large cap tech names that haven't participated in the social media run like cisco, like intel and even microsoft to some extent. david: dan, the jobs numbers are behind them. we talked enough about them. let's talk about what is coming which are the earnings. next week we get a couple of bank earnings, some very important earnings coming up what are you looking for in the earnings report? a lot of people say revenue has to come in this time. bottom line is not enough. it has to be top line as well. >> i think you will have to see some of that but more importantly i think you will have to look at forward guidance. what dot companies say about going forward. what they have seen over the past f

stocks like caterpillar, united rentals, timkin going into today's selloff, at least, consider how intel dow, ppg, dupont hang in there. they are to a certain degree, gross international product plays. stocks you buy when economies around the world give you better growth. remember, portfolio managers can't resist year-over-year earnings increases. and if the economies of the world continue to gain strength, then these companies will crush the analyst earnings estimates, not just the sales numbers like the stuff that was red hot the momentum companies. in addition, there's nothing wrong with liking domestic dividend and value plays at a time when the yield and ten-year treasury stays low despite the fed's tapering of the bond buying program. that's how you can have two of my favorite utilities duke and aep work steadily higher. con-ed, dominion, all working. i never mind when the packaged goods companies like kimberly clark, merck, pfizer, and coca-cola provide leadership. they've let us out of many a jam before. yes, this market rewards companies that make real profits and return them to

units okay. it's not they collectively own the 3 rental units. >> right technically we're all owners of the building in the tic format, however, the tic states our units belong to us. >> commissioners, if i might interrupt i want to remind the commission the cost is not under our. view you're only considering whether the subdivision itself is the issue >> this is more any edition so thank you for your information and i think that this discussion is properly been interesting but not anything we really have to consider. thank you >> thank you commissioner sugaya. >> i make to a motion to approve. >> commissioner moore. >> i'd like to ask the city attorney as to whether or not this commission has the right guidance given the issues that are raised since we're putting a mcd scope on everything he dealing with entity and transparency and all those things for the paratransit this is the fit we've had a reasonable person in this particular case on page 2 also there's an issue we raised about easements for parking and confusion which have been clarified and not should be with us. i've not read through this

the neighborhood needs one of the primarily observation was to make sure the developer hearsay rental units the sponsor has entered into an, an agreement with the city. the department has received additional letters of support from the castro merchants association and the castro and the lower hate code association and and nearby restaurant and two neighbors. also since the commission materials were troomentd to you the pardoning has worked the design of the sanchez street elevation. so on the overhead so this would this down in the corner is for the sanchez street elevation right here. what we're like to ask for approval today this is from the neighborhood and department input it has the same form as the original one in your packet but they've played with the materials so we have a stained wood here and here as well still using the panels on the bays and a slithering different plan we're asking approval on today. the project sponsor will speak more to the change in their presentation. the department is recommending approval because it has more than 87 units to enhance the overall district t

. >> the city has provided subsidy funds to help secure rental units for individuals and help with rental payments for a period of time on a case-by-case basis if needed. >> reporter: gary is one of those. while he likes the warmth and running water in his new apartment, he does miss life out here on the bulb where he lived for two years. >> i kind of miss being out here too. this is a real unique place. its first time i've ever seen this many people that are from different backgrounds and everything kind of get along with each other. >> reporter: those who took the buyout have until friday to be out. and again, they have to stay away for at least a year. those who are staying behind are hoping it takes a long time before this land becomes a state park. live in albany, terry mcsweeney, nbc bay area news. >> terry, thank you. >>> this story in the south bay still making national headlines. we have new photographs which are shedding light on the santa clara teenager who snuck on a flight from san jose to maui. those photos from inside the wheel well of that hawaiian airlines jet. a live loo

the project includes 129 new rental housing units and 20 percent of the units on site or 26 units will be affordable to households making 90 percent

is reasonable with 2 hundred rental units. they claim that stuart street is a busing and noisey i didn't well traveled street it's not i took those photographs on a friday afternoon hardly anyone on the sidewalk regents bad behavior does not deserve a permit please don't reward their behavior >> what was the date of the video you showed you. >> it was 3 dies before the puc hearing so march 16 at 1:00 a.m. between 12 and 1:00 a.m. keep in mind they have no entertainment permit their violating the good neighbor policy. if you have any questions that no other businesses support they'll claim they are >> we'll ask questions. >> we'll hear from the permit holder now, mr. twong. >> you have 7 minutes. >> good afternoon, everyone and i want to take the opportunity i am the owner of the restaurant i've been in restaurant 15 years besides the other one in the financial district i want everyone to know i've never had any problems obtaining a license. i'm here to share with the people that are with me to support me and people opposing re

. >> if there is a six unit building, then i have six new first time home buyers who now have a place to live. >> reporter: that is because a building full of empty rental unit can be sold cheaper than condos but riskier because everyone has to share one mortgage. >> entry level homeowner ship. >> reporter: we finally caught up with the elusive elba at a court hearing. >> i'm not talking to you anymore. >> why? we want to air this story and have your side of it so we can be fair. >> because given where we live, nothing would be reported on my side. >> reporter: that's not true, we want your side right now. >> well i'm not sharing it. >> reporter: back on 10th avenue, it is down to the wire. may 2 is d-day, or face eviction. mark kelly, kpix5. >> and we have the complete list of serial evictors on kpix.com. >>> techies love silicon valley. turns out mexican drug cartels, do to. >> a person dangling over the freeway. find out who came to the rescue. >> and a ticket to mars. a bay area doctor is screening people now to move to the red planet. ,, their school bus crashed and ended up against a tree in eim. the driver was >> well, a terrifying ride home for

they were forced to get into rental units. supply is down. construction was stalled because builders couldn't get the loans they needed to build. if you look at what happened between 2007 and 2013 millions of americans moved into rental units and very few bought during that time period. >> it's interesting also because it seems like it's a particular section. it looks like it's 20 somethings that don't want to buy anymore. >> that's part of the problem, too. that's really the incremental demand that is pushing those prices higher. some of these millennials, they're moving out of their parents' homes and they're moving into the rental units. they're not in a position to buy. they have student loan debt and credit card debt. that is pushing prices higher in a lot of different markets. >> is this trend going to continue, do we think? is there any relief in sight? >> unfortunately, no. the builders are building. there are apartment complexes going up but it takes time, it takes money, you have to get the permits, you have to get approvals. it take

our current affordable housing policy and i know this is up for debate has us building rental units for a zero to 90 ami. we set this up high so we can build the most units possible. the way the framework is, 80 to 100 percent is use for homeowner ship. i know this is a policy debate and not the same we wanted to have this policy debate around this parcel. the developer needs to move forward and there's time issues to make sure they build. and that's why i'm proposing to move forward as described by ocii. >> supervisor wiener. >> thank you and through the chair and thank you to supervisor kim for that background. as i understand and i think it's important to acknowledge that this was a choice. this doesn't has to be 90. it could have been 120. it did result in reduction and yes, no developer wants to get caught up in our broader debates in city hall for that project. they want to move forward and i get that. but i think it's extremely frustrating not just for me and not just for people in this room, but for many people in this city when they see that we take affordable housing so seriou

where the owners withdrew their appeal and made a final permit suspension for any converting of rental units that madam secretary concludes my president announcements. >> item three, general public comment, we will take comment on the matters that are not part of this agenda. seeing none, item four, director's report? 4 a, update on the dbi finances. >> good morning, and my name is gale and i am the managing chief financial officer for dbi and so, our revenue is still coming in quite strong, as you can see from the graph, we are at 110 percent of what and we will end up at 25 percent in terms of revenue by the end of the year. we have not done the transfer of the balance to the operating to the capitol projects and the actual revenue is coming in so high we have not needed to do that and we may not actually need to do that this year. and so with the expenses i am projecting an increase in the savings and in the salary savings, and we will save about 50,000 in services this year and that is a combination and this is where we budget them and having the positions that are not filled yet and we

. >> reporter: because a building full of empty rental units can be sold as a tenancies in common, cheaper than condos but riskier because generally everyone in the building has to share one mortgage. >> entry level home ownership. that's what tenancies in common can provide. >> reporter: we finally caught up with elba at a court hearing. >> i'm not talking to you anymore. >> reporter: why? we want to air this story to have your side of it in it of course so we can be fair. >> because given where we live, nothing would be reported on my side. >> reporter: that's not true. we want your side right now. this is your opportunity. >> i'm not sharing it. >> reporter: back on tenth avenue, it's down to the wire. may 2 is d-day or face eviction. mark kelly, kpix 5. >> we have the complete list of serial evictors on kpix.com. >>> it is 4:40 on your friday. coming up the pace of recovering bodies picks up in the south korea ferry disaster and now a new theory about what caused that ship to capsize coming up. >> would you call yourself a hero? >> no. no. it was the worthy thing to do. that's what i w

code to mitigate adverse impacts of tenant evictions to provide that when residential units are withdrawn from the rental market under the ellis act, each relocated tenant is entitled to the greater of the existing rent relocation payment, or the difference between the tenant's current rent and the prevailing rent for a comparable apartment in san francisco over a two year period; and allowing a landlord, through a hearing process, to obtain a revised relocation payment obligation based on an undue financial hardship adjustment or recalculated rent comparable apartment in san francisco over a 2-year period; and allowing a landlord, through a hearing process, to obtain a revised relocation payment obligation based on an undue financial hardship adjustment or recalculated rent differential amount .1234 >> supervisor campos? >> thank you very much mr. president. i want to thank my colleagues who are sponsoring this legislation supervisor kim and avalos and supervisor more. we know we are living an affordability crisis in san francisco. it's what makes san francisco so amazing. this is a crisis that all of u

. >> if it's a 6-unit building, then i have six new first-time home buyers that now have a place to live. >>reporter: that's because a building full of empty rental units can be sold as 10anceys in common, cheaper than condos, but riskier but risky because everyone shares a mortgage. we finally caught up with the elusive elba at a court hearing. >> i'm not talking to you anymore. >>reporter: we want to air this story and have your side of it in it, of course, so we can be fair. >> because given where we live, nothing would be reported on my side. >>reporter: that's not true. we want your side right now. this is your opportunity. >> i'm not sharing it. >>reporter: back on 10th avenue, it's down to the wire. may 2nd is d-day or face eviction. >> she's got no compassion at all. we have to fight it. >>reporter: by the way, what elba borgan is doing is perfectly legal. we have the complete list of serial evictors on kpix.com. >>> coming up we have a touching story of a young man who's navigating two different worlds. it's our student rising above. >>> plus: >> okay. here's a clue for you this morning. this is not as easy as it looks. "where's roberta"

>> united rentals is saying over and over again that nonresidential construction is coming back in thisry and that's caterpillar, okay? that's what you need cat for. if we're going to sit here and say cat's all china, maybe we're missing something big. there's another economy in this world, the united states. >> all right. there's -- well, a few seconds away from the opening bell. we'll get to look at the breadth at the top of your screen. down here at the big board, networking equipment company ciena hosting its investor day from the nyse and over at the nasdaq, torina international provider of professional education services in china celebrating its ipo today. nasdaq actually has a couple new issues coming online. >> my charitable trust owns ciena, juniper down 6% and it took fire out of the ciena call, the last time the stock was at 26 and people didn't like the guy and it went down to 23 and it's been all over the map and a difficult stock to own. >> all right. we'll keep our eye on monsanto. we saw the earnings earlier in the week almost out of the gate it's up 2%. >> down a couple

rentals of private homes spoke out in san francisco. >> i would suggest that supervisor chu live in an apartment building where the adjoining units are air bnb and see how he likes it. >> reporter: supervisor chu has agreed to allow the rental of units. they say allowing strangers access to multi unit apartment buildings created security concerns. they also question who would be held responsible when things go wrong. >> we are not making a lot of money out of this. you know, we are the vast majority of us are ordinary folks trying to make ends meet. >> city officials expect the whole public hearings on the matter in the next coming weeks. >>> a new close up look at a new fire fighting -- new at 5:00, a new close up look at a firefighter tool on the waters of san francisco bay. up to now, san francisco firefighters say they've had no choice but to ask for help from other agencies when there was emergencies on the water. but starting next week, a new boat will be put into service. it's already been part of a search. claudine wong took a close look ate and what it's going to mean for our city and our safety. >> reporter: it takes just mi

in denver where i live, my family lives the average rental unit costs over $12,000 a year. that's an average. that includes tiny studio apartments. in denver, this family of four would have to squeeze into a rental unit well under half that cost. they need to live in a space woefully inadequate for their needs for their family, for their children, and that family would have to stretch their pocket change, whatever is left, after they spend the money they need barely need to feed their children after they spend the money they barely need to house their family, they somehow have to cover utilities medicine, health clothes transportation, school supplies and the countless other things that life throws at us. it cannot be done. it's simple arithmetic. a family like the one i just described needs thousands of additional dollars of federal and local government just to get by. we don't want to have a minimum wage that's so low that people that are working 40 hours a week have to be on public assistance just to support their families. think about how crazy that is. someone working f

we have currently put together a database for all of our below market rate rental and ownership units. we are currently putting together a document to solicit bids for a developer to create another database to integrate all of the 100% affordable developments that the city has investments in. we are also entering into some preliminary discussions with the department of public health and the human services agency to see what kind of connections we can have with their direct access to housing units and the homeless access points. as most of you know, each of those different kinds of housing has a different entryway, a different selection process. some of them have lotteries. some of them have clinical assessments. we're also reexamining the hopa wait list. and i think that what we've realized is that for most individuals, unless you have a case manager, it's almost impossible to navigate this system. we've also been working with many of our tenant counseling agencies. and at our last meeting, we asked them what would be most useful in term of access to information and what they told us

plus four million rental units are on the market but there are two million less homeowners and four millionore renting. the numbers won't work until day comes when home prices drop. melissa: jonathan, do you agree with that analysis? >> the whole market itself, the whole market for homeownership, melissa, is dominated by government. that is making it not only distorted but more confusing. the cfpb, the consumer financial protection board, release ad survey, that consumers find mortgage documents consuming, complex, difficult to understand. i think people to some extent learned lessons our own government haven't learned. they don't want to become overleveraged again. they don't want to borrow and put themselves out there. melissa: pew research study that investors think better investment is real estate, ahead of the stock market which is up 175% since the low. you have housing up 11%. people still think that housing is a great investment. this doesn't seem to reflect that hillary, go ahead. >> the problem is that, again, people just can't buy, but they can't bet the loans. it is impossible.

. >>> plus, the united states of rentals. herb is back raging against the machine. >>> welcome back, everybody. one of the hottest sectors in housing right now is in rentals and there is some pretty big money to be made as well. diana olick joins us with more. >> reporter: a lot of folks thought that the housing recovery would weaken rental demand and in fact, that sentiment hit the apartment reits pretty hard last year. investors were concerned about overbuilding. fast forward to the first quarter of this year. rental demand is still very strong. vacancies down 20 basis points to just 4% according to reit. rents continue to grow up over 3% from a year ago. they would be higher but landlords say that weak income growth is holding them in check. so with all that, it seems that investors have come back to apartment reits this quarter with a vengeance. the sector returned 12.75% in q-1 making it the top yielding of all commercial reit sectors. take a look at essex, avalon bay. there was that concern about overbuilding but demand

the amendment clarifies the short-term rentals will not change the unit type as residential you'll here this in 90 days no ordinances this washington, d.c. week at the board that concludes my presentation if you have any questions, i'll be happy to answer them >> commissioners, if there's nothing fallout general public comment snooed 15 minutes. at this time, members of the public may address the commission. of the commission except agenda items. with respect to agenda items, your opportunity to address the commission will be afforded when reached in the meeting. each member of the public may address the commission up to three minutes. there are not speaker cards any general public comment public comment? >> welcome mr. kelly. again, i'd like to put into our information regarding the water you front properties there are under a federally mandated use of 1950 lands 3 can't be transferred permanently into other than public use those are swamp lands that exist from our waterfront to montana street this is liquid if i had land and not just in terms of predetermined by the vice president fun