if it is in the model they got it they're also in the resale business united rentalhing. they sell more than 140,000 used containers for years now, the thing about textainer is hyper cyclical. people liking those stocks on top of that, textainer is glow pushing what matters is the volume being pushed that's why when the pandemic first hits, this thing, oh my god it just got crushed. it sank the 5 bucks in changes and wall street freaked out about the economy. over the past five months, textainer comes running back everybody is stuck at home by the time joe called to ask about this one a month ago the stock have surged to $16 textainer is at $16, at its highest. there are so much stuff to transport and those containers have been rising dramatically. they are at 98% of their capacity text tainers have been disciplined of adding more containers the numbers were much, much better than expected with positive and pretty bullish outlook for the future get use to hearing this from me. textainer is what i call a biden stock. whether you think it is good or bad policy it is go

united rentals, caterpillar and fedex among them back after this break. and with brokerage accounts onlinerades are commission free. personalized advice. unmatched value. at fidelity, you can have both. our vision is to be the best sports and outdoors retailer in the country with a mission to provide fun for all through strong assortments, value, & experience over the years, we've given customers not just great products, but outstanding experiences. we can't wait to have customers nationwide have fun out there. >>> all right. welcome back time for futures outlook dow hitting a record 30,000 for the first time ever. let's bring in brian stutland and bill baruch on what they see from here. stut, you get the first crack. dow 30,000 and beyond. >> beyond, right when you get the industrials, 30% of the dow those things are racing ahead, and it's looking at basically a vaccinated world and how that will look at it, and when you see, that you see low interest rates. you see yellen probably very accommodative to working with the current federal reserve system right now, and then you see a biden ad

smashgt doing he market is doing here they got crushed when pessimism reigns, gap, under armour, united rentalsng well. caterpillar is also on the upside travel and entertainment stocks sort goof go to stuff is all don well the extensions are airlines. there is all sorts of stories about discounts to get people to travel there so we put up travel entertainment. you see wind visa live nation doing well and the airlines not so well that is the sort of exception. there are pockets here of disbelief in the whole reopening story. mega cap is really interesting it's weak today. normally they do better on the work from home story there is amazon, apple, microsoft, not really doing much and facebook is indeed, they're not participating in this rally. that is interesting. at the same time, the other stocks, smaller stocks that also are considered sort of stay at home stuff, also not doing very well today so zoom and slack and docusign, you know, these are poster childs for the stay at home storey they're also a little weak so what is going on? it seems the market is trying to believe the bull cenario wh

i'm talking retailers like gap, under armour, tapestry as well as some industrials like united rentals. those are all reopening plays. they have been holding up very well today other reopening plays holding up parts of the travel and entertainment area, parts, hotels are holding up, visas are holding up master card is holding up, live nation airlines are not we're heard a lot about discount fares. the airlines are the only part of travel and entertainment not holding up what's not holding up also in the middle of the day, tech. they are selling tech. largely a work-from-home story but mega cap tech, apple, mike ron, apple, facebook, all underperforming since after the first half hour ever trading or so also underperforming, all the other big stay-at-home names so successful in the last six or seven months, your zooms, your slack, your docusigns, all of them underperforming bottom line, guys, they are playing for a stimulus story right here and downplaying the work from home back to you. >> it's a strange one, bob it's a fascinating trade we'll talk more about it thank you so much, bob

the poster child of this trend, united rentals, lower by about 9% in today's trade.fries say there would be bipartisan bill currently in the senate which would increase federal highway funding by 28% but that timeline still certainly am ushgy and a lot of details need to be clarified that's the makeup on the senate certainly very important when it comes to the topic of infrastructure kelly? >> yeah, there's infrastructure and just that general reflation kind of macro trade. how are the travel names doing today? >> travel will definitely be a big focus. we have expedia earnings after the bell, marriott reporting earnings on friday the conversation will certainly pivot to the consumer, how they're willing to spend their money ahead of the thanksgiving season as we get closer to that holiday. >> and how those industries will fare under this new administration, whatever that is shaping up to look like. seema, thank you so much we appreciate it seema modi >>> that does it for us on "the exchange" but stick around for "power lunch." a constitutional law expert will lay out

united rentals up 8%. i was going to tell you there was just three sectors in the red today but they all ended in the green. consumer discretionary, amazon,com services apple, these stocks were sharply down, but even recovering most of the losses. google finishing with a plus arrow, a plus sign over there. investors are getting bullish on the stocks that could do well in 2021 especially if you get stimulus. one the beneficiaries would be the small caps. you saw that gain of 2% for the russell 2000. what tomorrow looks like with the election upon us is anyone's guess. you have a fed meeting and a jobs report on friday, connell. connell: those little things as well. lauren, thank you. let's get out to the campaign trail now. president trump has been all over the place today. five rallies, four states, before he wraps things up early tomorrow morning. one is as we mentioned the airport close the broadcast location here in the state of pennsylvania. live to blake burman to sum it all up, at least try to, blake

unit. what we have estimated based on the rental housing units that will be subject to housing inventory, is a cost for the first year of $5.89 per unit on the low side, up to $13.91 on the high side. existing fee is less between the property owner and the tenant. that arrangement is also proposed in the ordinance for the surcharge. ongoing total cost and how that fee will be cost, it will range from $5.18 per unit to $12.16 per unit. right between the landlord and the tenant. that is a summary of our report. much more detail is provided in the document itself, which you all should have. >> chair fewer: any questions or comments from my colleagues? seeing none, i want to thank friend and emily for al -- fredd emily for all your work on this report. colleagues, is there any comments or questions? just checking again. as a small property owner and landlord myself, i like to take this opportunity misconception that i heard from other landlords about this proposal. this is not going to exspoken e.l.r. manageriall--exponential. i like to reiterate that the b.l.a. estimate that the per unit charge

proposed an ordinance two weeks ago to require the rent board to maintain an inventory of residential rental units and report information on those units. this is mainly a rent board issue. i note it because d.b.i. would have some role in providing information to the rent board about buildings. finally, proposition h passed. this is the save small business proposition mostly regarding planning code issues but it does add a 30-day deadline for permit possessing for certain small businesses, mostly just change of use permits for small businesses. we are working with the planning department and other permitting departments to figure out how to implement that. we will have more to update you in future meetings. i am happy to answer any questions. >> i have some to you. chair. >> no comments at this time. thank you for the report. >> commissioner took please. >> thank you. >> nothing for me, please. >> commissioner jacob. >> nothing. >> commissioner tam, please. >> nothing for me. >> john, i do. yothe rent board what are we dog with that? >> we have provided information to the rent board about building

the proposed legislation would collect information from landlords of about 230,000 rental units everycluding how much tenants pay in rent or if the units are vacant. backers of the bill say it'll protect tenants and provide crucial information for addressing housing affordability. but many property owners say it's burdensome and an invasion of privacy. the bill goes before the board on tuesday, and it is expected to pass. >>> a new twist in the story of a mysterious monolith that appeared in the utah desert this week. it disappeared overnight. the monolith was first noticed during a federal counting of big horn sheep earlier in the week. rangers took photos of it but didn't reveal its location but already hikers have found their way to it. then this morning it was gone. some in the art world suggests it might be the work of a berkeley native john mccrackin' who died in 2011. his son told "the new york times" his dad thought about leaving surprise work to be found later, but artists friends told "the new york times" they doubted crackin' was involved. >>> turning to weather now. by day

the reopening plays typically retailers for example, or some small numbers of industrials like united rentals on the upside gap under armour and tapestry all doing well simple story here. whether it is correct or not, not clear. buy stimulus the game. >> bob pisani thank you. >>> sebastian page joins us now, head of global market acquisition at t. roe price. he has a new book out. good to have you on again. how are you thinking about stimulus when how much what to do about it? >> what you see today is a little bit of the recovery trade. but if you step back we would argue that now is not the time to be a hero we continue to believe in the recovery trade but we expect a butchy ride due to politics and pandemic and -- bumpy ride. the pandemic is still very much on the market's radar even though today tech stocks are underperforming. part of our process is to formulate a risk-on versus risk-off view. in the short-term the election will drive that sent member. but we have not eliminated election tail risks and the risks of a contested election is still there. so you have also, though, an aasset a

and san francisco is a city of renters and that's why the preservation of the rental units is plainlytated as one of the objectives of our general plan. and the city with 64% of the population is a tenant, and not one mayor appointee is a renter. she self-identified -- (indiscernible) and she came from a board of appeals, a body that hardly ever votes for the appellants. this is the second time that mayor breed has moved a member to the planning commission. why the musical chairs? supervisors, there are important questions to be asked such as does miss tanner know that the planning commission is a discretionary body, and it should be upholding our general plan, preserve the affordability and protect our rent-controlled units? what does she think of cases where the tenants oppose the a.d.u. conversions of their garages and storage spaces that are specifically listed in their leases? how familiar is she with the rental ordinance and the conversion laws? has she ever displaced a tenant? chair ronen, there are 29 duplexes and triplexes currently up for sale in the mission, the district th

it would ask landlords for rental information on the 230,000 rental units including rent rates and vacancies. it will provide crucial information to address housing affordability. property managers call it invasion of privacy. it will create a new level of bureaucracy to measure those expected to pass. >>> even though you may not be able to go to the san francisco symphony in person there is now a way to listen from home. ♪ i wish i could play that. this is a sneak peek of the concert, the san francisco symphony from hall to home. the symphony partnered with several artists to create music for a digital concert. you can watch the entire show tonight at 7:00 p.m. on nbc bay area following our newscast. that could be just what the doctor ordered. >> a cool way to welcome in the evening with a nice backdrop of san francisco there. >> you don't have to dress up. >> you can do it halfway. >> you might want to bundle up. if it's anything like this morning it will be cold out there. kari, it's time to crank up the heater. >>> it's dipping below freezing. we haven't had any rain and the air is so dr

you have to initiate through an infrastructure program a plan to both new units of affordable rental and affordable homes for ownership. you have to address this denial rate, this disparity in terms of how banks and others provide capital by not just fixing the loan side of the capital formation equation, but what i call the venture and risk side, the equity side. are there things that can be done? i have some hope that this biden administration is going to recognize -- the president-elect has lifted up racial justice. the need to do things differently when it comes to economic policy. can we jump? i'm certain we can make progress, but it cannot be business as usual. these policies are going to have to step away from race-neutral thought to more specificity around how these programs are designed in order to address this. this is what we are going to be championing. if we want to solve a problem, let's solve the problem. if we are dealing with 20 issues, let's not be -- 21st-century issues, let's not be constrained by 20th century solutions. steven: if the blighted administration talk

track housing inventory, asking landlords for rental information each year on the city's 230,000 rental units including rent rates and vacancies. supporters say that it will provide crucial information and housing affordability. property managers call it an invasion of privacy and despite the argument it will create a new level of bureaucracy. that measure is expected to pass. >>> happening tomorrow san jose city councilmembers will discuss expanding natural gas. the city wants to move to a renewable energy future. there are some exemptions from the ban if it goes into effect. >>> a manson family member serving life in prison will not be going anywhere anytime soob. governor newsom blocked the release for the fourth time. the parole board had earlier approved the release of leslie. governor newsom reversed the decision saying she still poses a danger. she helped manson and other family members kill an l.a. grocer and his wife. governor brown and newsom have now each blocked her release twice. >>> high school students trying to get into uc have more time to get those applications in. after the

the proposed legislation would collect information from landlords of about 230,000 rental units every year that includes how much tenants pay in rent or if the units are vacant. backers of the bill say it will protect tenants and provide crucial information for addressing housing affordability. but many property owners say it's burdensome and an invasion of privacy. the bill goes before the san francisco board on tuesday. it is expected to pass, by the way. >>> many small businesses, even shoppers, turn to online sales this black friday and that meant in-store shopping took a hit because of the pandemic. political data shows in-store traffic fell by 52.1% compared to this time last year. meanwhile, online spending surged by 21.6% this year hitting a new record. small merchants see this as a chance to capitalize on the advantages they have over their larger competitors. >> the cause of the pandemic most of us have shifted to online shopping and there's been massive delivery delays. that won't be the case if you are shopping local at your regular stores on main street. >> this year's on

intrudes, because millions of americans right now are in danger of losing their homes or their rental units are also in danger of being hungry and their children are in danger of being hungry. i mean, we haven't seen this kind of crisis in the united states, certainly in my lifetime. and we have got to do something about it. there is a bill that has been on the desk of mitch mcconnell since may. with regard to providing relief beyond the kind of relief that was provided in the c.a.r.e.s. act early in march. mcconnell has not done anything about it. we're going to see a week from tomorrow a kind of final showdown because mitch mcconnell and republicans get back to the senate. there is about a week left between when they can act and when it's going to be too late. this window is closing very, very rapidly. >> speaking of windows that are closing, as we look at what happened at the tail end of last week, secretary mnuchin pulling back hundreds of billions of dollars, right, that were earmarked for the fed, and the fed speaking out very clearly, and uncharacteristically. this is money for strug

proposed an ordinance two weeks ago to require the rent board to maintain an inventory of residential rental units and report information on those units. this is mainly a rent board issue. i note it because d.b.i. would have some role in providing information to the rent board about buildings. finally, proposition h passed. this is the save small business proposition mostly regarding planning code issues but it does add a 30-day deadline for permit possessing for certain small businesses, mostly just change of use permits for small businesses. we are working with the planning department and other permitting departments to figure out how to implement that. we will have more to update you in future meetings. i am happy to answer any questions. >> i have some to you. chair. >> no comments at this time. thank you for the report. >> commissioner took please. >> thank you. >> nothing for me, please. >> commissioner jacob. >> nothing. >> commissioner tam, please. >> nothing for me. >> john, i do. yothe rent board what are we dog with that? >> we have provided information to the rent board about building

and then lastly, you said that, again, you've already agreed to provide the whole unit and you're suffering a rental loss, but at the same time, as a comme comment, these people are paying rent for a habitable unit and there should be urgency here to provide them that habitable unit as well as a good landlord. >> yes. >> vice president tam: that's it for me. thanks. >> yes. we have done that from day one. we understand everybody needs bathroom, of course. yes. so we provided that convenience the whole unit for them to use from day one. >> vice president tam: thank you. >> president alexander-tut: and i want to go commissioner jacobo. >> commissioner jacobo: i appreciate the original line of questions by both madame president and vice president. unfortunate to hear what we've been hearing from the tenants that have experienced this both personally and indirectly. i can tell you i couldn't imagine not having hot water for four months as it's been labelled -- >> that's not true. >> continue, commissioner. >> commissioner jacobo: i actually wanted to ask if there is any additional context that you can a

importance ordinance is that all of our new developments and all of those new apartments and condos and rental unitsl all be electric. i think this small xechings that we look at on a regular basis to see whether or not the technology has caught up and i would like to give this suggestion, and it is a friendly suggestion, that we create a fund for any small business owner that wants to go all electric, that there is a grant proce process. it would be good for all our small businesses to transition to electric. i'm just going to give that friendly suggestion. i want to thank you for you help. and as i leave this board, i am heartened to know that you are in support of this. i will second that now. >> thank you, president. i want to start by adding my thanks to supervisor mandelman and your staff for your very careful and very necessary work on this ordinance. i also want to thank the department of the environment and all the community stakeholder stakeholders who have helped lead the difficult work towards the future that contend with the realities of our climate crisis and the need for urgent and bo

not a contributor to any historic district however the owner decided to keep it as an affordable rental unit in december 2019, after several rounds of [indiscernible] the height and depth of the building, the proposal was heard for the variances. this is the site plan at that time. ms. feng voiced concerns. i reached out, but she did not want to reach to meet. no dr was filed. an abundance of caution and to reinforce variance signing number 4 that the proposal will not be materially injeerous to the neighbors. approach the project sponsor, and requested that we reduce the height further and shift the building further away from the appellant lot. we were flabbergasted by this request coming subsequent to the expiration with no dr filed. we decided to accommodate the department however upon renoticing the supervised project the fengs filed through dr. the dr was heard in july and recognized an extraordinary of thes we had taken to create a new unit while minimizing the impacts on the appellant. the project received unanimous support with the commissioners. the front yard set back variance for

. >>> a dramatic increase in available apartment units have come as many have deserted the city, which has led to a drop in rental prices. >>> a historic moment in college football. vanderbilt university kicker sarah fuller is normally a goalkeeper on the soccer team. but today she joined the game in missouri after halftime. as the football tome's kicker to help replace several players exposed to covid-19. she acknowledged the magnitude of the moment earlier this week, saying she would play with the slogan, play like a girl on the back of her helmet. a nod to the nonprofit organization that aims to expos girls to opportunities in sports and in stem related educational and professional fields. by the way, missouri won the game 41-0. fuller is just the third woman to play in a men's college football game. the others did it in smaller conferences. >>> turning now to our weather, we -- i mean, it's basically december, rob. no rain and clear skies, it's still feeling like fall. >> yeah, it does. it feels maybe a bit more like september or october. the days quickly reverse once the sun goes down, cooling quickly. so ye

and then lastly, you said that, again, you've already agreed to provide the whole unit and you're suffering a rental loss, but at the same time, as a comme comment, these people are paying rent for a habitable unit and there should be urgency here to provide them that habitable unit as well as a good landlord. >> yes. >> vice president tam: that's it for me. thanks. >> yes. we have done that from day one. we understand everybody needs bathroom, of course. yes. so we provided that convenience the whole unit for them to use from day one. >> vice president tam: thank you. >> president alexander-tut: and i want to go commissioner jacobo. >> commissioner jacobo: i appreciate the original line of questions by both madame president and vice president. unfortunate to hear what we've been hearing from the tenants that have experienced this both personally and indirectly. i can tell you i couldn't imagine not having hot water for four months as it's been labelled -- >> that's not true. >> continue, commissioner. >> commissioner jacobo: i actually wanted to ask if there is any additional context that you can a

units. as a rental project, it's 55 55% m.a.i.and to date there's a letter of support from san francisco housing coalition and a petition of support for the project submitted by the s.f. housing action coalition signed by 30 individuals. staff has also received three comments in opposition to the project in addition to general inquiries. concerns about the project focused on the loss of the parking. as one person who currently parks their car in the existing structure. and as well as the concern about the project's lack of post-parking for new residents. additional concerns about the impacts from noise and construction and project scale. and then a comment was received yesterday evening from the property manager of the building at 860 gary street to the rear of the project site. and the email stated concerns about loss of revenue and moving costs to residents of their building, impacts to their building from construction noise and dust and demolition activities. and the safety and the security issues during that time period when t

units. as a rental project, it's 55 55% m.a.i.and to date there's a letter of support from san francisco housing coalition and a petition of support for the project submitted by the s.f. housing action coalition signed by 30 individuals. staff has also received three comments in opposition to the project in addition to general inquiries. concerns about the project focused on the loss of the parking. as one person who currently parks their car in the existing structure. and as well as the concern about the project's lack of post-parking for new residents. additional concerns about the impacts from noise and construction and project scale. and then a comment was received yesterday evening from the property manager of the building at 860 gary street to the rear of the project site. and the email stated concerns about loss of revenue and moving costs to residents of their building, impacts to their building from construction noise and dust and demolition activities. and the safety and the security issues during that time period when t

phase 1 will include two rental housing buildings totalled 560 units, 202 of which are programmed to be affordable. two office buildings totalling 550,000 square feet and ground floor retail and totals approximately $65,000 square fet and excited to build a new park on the north side up mccovey cove and this will all be accompanied by robust project infrastructure including new streets, sidewalks and all the utilities that will serve the buildings and side users. phase 1 is targeted to be complete in 2022 and again as i mentioned we're looking forward to breaking ground next month. a lot of activity is soon to be coming to this part of the water front. i'd like to introduce wyatt to continue the presentation. >> i work on the finance side of the development project and will present on the bond itself and the financing structure. the general financing structure on the bottom on the left are the different sources going in and the early investments in the project are developer and equity to build the horizontal infrastructure and pre development costs including things like roads, sewers

tracking vacancy will help monitor compliance with laws against for corporate rental purposes and as well as identifying unitst can be used in an emergency for good samaritan purposes and rent reporting could also be relevant to claims that they have imposed a bad faith rent increase to co horse a tenant to vacate and this will be used for purposes of inspecting and investigating the level of housing services being provided to tenants and rent ordinances and vacancies and analyzing vacancies and monetary compliance and generating resource in survey and provide ago cystance to landlords and tenants as needed by providing a accurate picture of our mental housing stop in san francisco this is not only helping the rent board better do it's job but provide additional benefits to other city departments as well. i would like to thank my early co-sponsor. and all those who were in my office to develop this inventory that is long over don't i hope i can count on you for this support of the tool on the rent board. thank you, the rest i submit. >> thank you, supervisor fewer. supervisor haney. >> thank you. i'd love to

as supervisor, i made it illegal to destroy rental housing, and that has protected thousands of unitsere in san francisco and district 11. i've also made it easier to set up a.d.u.s and accessory dwelling units are able to stay up and running. we have funding available through the city and d.b.i. for people who want to modify those. i've worked to create principle reduction programs in san francisco so that we can actually ensure that a wide variety of people, homeowners and renters can stay in san francisco and not be threatened by the crisis that we're in and actually have faith that we can keep our residents here in the city. thank you. ahsha? >> thank you. i think there's a -- this is a very good question. it's about the immediate. it's about what we are going to do right now, today, because people are being he ievicted. they're getting sick and losing their jobs? one of the things we were able to do as supervisors were creating an eviction moratorium, so no one will be evicted during this health crisis. myself and dean preston and others put that forward. but we also need to have

the dramatic increase in available units comes as many tenants have deserted the city during the pandemic. the rise in vacant apartments has led to a drop in rental prices. some renters finding lower cost means making it in the bay and now an even greater possibility. >>> okay, it's a chilly night but still beautiful. check out this full moon over san francisco. that is a gorgeous shot. okay, so we've got fall-like temperatures like september fall-like temperatures during the day but at night it really does feel like december. >> yeah, you have to get a view of that full moon tonight it's going to cost you as our temperatures start to drop off. and that is the story. clear skies, dry air supporting valley temperatures, dropping quickly to the 30s. we'll see a few 30s as early as 11:00 at night, but for the afternoon numbers rebounding into the 60s. so dry weather, dry air helps to allow those chilly nights but very please want afternoons. but without a lot of wind to push some of the smoke out of the area we may have some air quality issues as this dry pattern locks in on the bay area. not too bad. 57 degrees currently, not much wind. humidity at

united states and canada. one of this chain that's really struggling the most because amc theaters. but they've actually announced a private theater rental program that they have going on in small areas. now they're expanding it nationwide. what do you know about this? and is this good for amc is business at this point, or is it just keeping on top of mind in the news? well, i think anything that brings revenue into a movie theater, hosting private events, having, you know, churches have their, you know, people come to the church, say, to add a movie theater. but of course, with social distancing. and all that, i mean, it's just about getting creative. i think, renting out your own theater is really a great idea. the pricing i've seen as relatively low. you get to pick the movie you're with a prevented of course group of friends or people or family that you know. but i am, i do think also it is to keep amc top of mind, but no question that anything that can bring revenue in is a good thing. but course again, people have to deal see things your no matter what your using that movie theater for. whether it be traditionally watching a movie

units in. with covid, what we have seen is there is a need to provide additional assistance. in someable to put rental assistance programs. we called for the halting of evictions for our public housing partners. but our communities were in need before the pandemic. is theseave found discussions that happen inside of city hall and inside these boardrooms really need to be amplified in our communities. know that there are resources available that can help get them through the pandemic. i have been very pleased that so many people have attempted to assess those resources -- access those resources. atlanta is just one city and a larger metropolitan region. unless all of our partners are , itating on the same page is going to continue to be a challenge for our state. that is why we need national leadership and guidance. , the need exceeds the city limits. mr. clinton: what is your take on this? i have -- you have operations in all of the states. now with the housing challenges as it relates to cities and different racial and ethnic groups? how is what we are doing today going to affect the economy after co