and always working to be better. >>> did you see the monster run in united rentals yesterday? after reporting an incredible quarter, the stock of this equipment rental company roared up $12.80 or more than 11%. this is a stunning move, and really this was simply the icing on the cake because united rentals has now more than tripled over the last 11 months. all which begs the question how did they do it? and more important, can this phenomenal rally continue, or do you just have to say, okay, i missed it? first let me give you a little background about this company, which is run by mike kneeland. you might have seen him before on the show. he will be our guest on "mad money" on monday. united rentals is the largest equipment rental business in the world. they sell all sorts of heavy gear for construction, industrial applications, and even energy. in short, if you think there's going to be a big economic expansion coming up or a huge increase perhaps in government spending on infrastructure, it's the stock to buy because more building means more customers renting earth moving equ

a data house tends to start with united rentals equipment. >> yeah. if you think about it, they have to start a building. once they go through, they have to put all the materials inside of it. then after that, they have to maintain the building. so it works out well for us. >> it also turned out that -- i don't know. you've done a lot of things to streamline. but your operating cash flow took me by surprise. you're making a lot more money now. is it just because times got a little tougher and you got a little tougher or has it always been a huge cash generator and it flows through this time? >> we've said for many years we want to be positive cash flow throughout the cycle and we have been that. you're right. i mean $1.18 billion of free cash flow was a significant amount of money. >> right. now, you bought back a lot of stock but you also made an acquisition. it didn't seem like it's either/or, that you're doing so well that you can continue to do both? >> yes. we have enough flexibility, nes as you mentioned was a great acquisition for us. it's a gr

charles: united rentals you are in every state. i think people don't realize how often they see your equipment. you are an amazing i guess harbinger of thins to come -- of things to come, could you say that. >> we like to think that way, we provide a way in and people can grow without impacting their balance sheets with our equipment, like a shared economy, the same concept we can go out there and benefit, both us, you know united rentals and hai share holders and our customers. >> there was a powwow over weekend with trump and some g.o.p. leaders, many on conservative side, who may throw up roadblocks with tax reform and infrastructure. >> there is deficit hawks within the party, republicans are not on the same page with tax reform, maybe not even regulatory issues. i think that pressure in market was some disappointment about tax reform not being one of the top agendas, market not interested in travel bans, they are not interested in ingreg -- immigration, they want to seatac reform -- tax reform, a lot are focused on saying let'

>> united rentals up 11. >> up 11. >> good for mike diehl.nly 6% of the business but turned out to be really big. >> let's get to dom chu now been working hard the last couple days. he's on the floor with more telling us what's moving. >> overall we're taking a bit of a pause so far, but if you look at major indices, yes, floating right around gains and losses. if you look at the sector picture overall, it has been at least a move higher for some of the more cyclical economic sensitive sectors. if you look at some of the other sectors out there, it is the defensives that are probably in play right now as well as dividend payers with ten-year yields at 2.52, 2.53%. check out those sectors as well. one other part we want to look at, jim mentioned united rentals, we want to talk about caterpillar dow component that could be assuming leadership or lagging in the year ahead. we took a look at some of the average analyst target prices with regard to dow components to see where the leadership in the dow could come from. according to those average an

but if cat were purely domestic like united rentals, then it would be a home run.ortunately, united rentals reported on wednesday, too late to give us a call on cat, but i bet it has some good things to say when it reports. we also hear from bristol-myers thursday morning and we learn of another disappointment with their lung cancer franchise today. bulls had hoped if you combined two of their key drugs, it would lead to a dramatic improvement in patients. tests showed otherwise. down here at 49, we need to hear that bristol-myers will need to do a restructuring. after the close, we get some controversial reports from alphabit and stark bucks, i call alphabit controversial because they need to rein in more costs or they need to start generating some accelerated revenue. the company has disposed of some of its biggest loser. we own alphabet for my charitable trust, which you can follow along by signing up with the club, actionalertsplus.com. don't forget that alphabet is a big time trump stock because it has tons of overseas cash that it could bring home if congress

you have to assume that every part will be from united rentals. >> if you had those gains, isn't it your responsibility to lock them in? >> it is. i sold mine. she sold half which is good. and she's riding it on the other half. >> let me ask this. i think you're a good one here. in your opinion, where is the up side, down side? >> i think in the short run like, always, it is about a time horizon. i think after a lot of optimism, not necessarily back substantial fundamentals, gdp, backward looking, we know. we just print 1.6. a lot of people are calling for 3 plus percent. that is a show me. the flash pmis which are january based this week were fantastic. you want to get excited. there is a lot of economic information saying the world was better. and my only point was i think people should relax. if you look at the whole thing, this is something carter worth might say. this hasn't been that extraordinary of a run. yes. off the election bottom. if you want to do that, look at the dax. 440 basis points. >> what did you do today? >> well, priceline is a name we've been talking about for a lo

united rentals at all-time high today.ng of year. >> there is no trump rally since january 1. charles: trump stocks are killing it. >> a few are -- charles: johnson & johnson is down today. that is not trump stock. >> look at their performance since january 1, look at it. the trump rally petered out. >> that was a big run from the election. >> charles is saying very companies that would benefit from trump policies are doing well. >> how do you know? they are doing well, about if you look at the rally, they're pricing in conflicting -- by the way, all these agricultural companies, freeport-mcmoran, john deere, for example, i'm sure that has done fairly well. guess what if we have a trade war wi china, we will not do that well because we'll not sell that much agriculture products to china. charles: that is so ironic, machinery, the real agricultural companies like agrium up three bucks today. >> today. charles: today. i'm telling you right now that the market is reflecting an amazing amount much optimism we see in every type

united rentals took some after the trump rally. but i think they will be the beneficiary.they trade in the u.k. but have a very large presence. both of those. >> right. did not you buy uri? >> i did. i ran screaming to the bank and it ran another 15%. so at this point a lot of these are in nosebleed territory. i don't know. it is not in the name. but having said that, could they go higher? sure. is it time on tring register? probably. >> i was only kidding. >> i don't know how you playery dollar with commodities, to marry it with trade. the on again, off again. >> this is pain trade right here. >> i think the real key the this whole trade. and i've been on this a while now luckily. the options markets have been signaling. huge buyers in the u.s. deal as recently as today in a.k. steel. when you see that, you will participate if you're in my world. so i've went participating. i would only be involved in the options of these because the stocks, when they fall, they don't just fall a couple%. these falls are very, very dramatic. especially if you look at the rise out of u.s.

i want to is he some united rental upside calls in case this infrastructure spend doesn't happen so quickly>> ual basically is at our target right now. it's going to struggle to get through 74 technically. i say sell it here. >> that mcdonald's thing yesterday did not sit well with me. >> it didn't, really? there's a day after effect. >> we should have done like a postop type thing. >> i'm glad we didn't actually. >> but, you have this stealth rally in tesla, nobody's talking about it, adam jones is talking about it today. >> i'm melissa lee. mad don't go anywhere. "mad money" with jim cramer starts right now. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate you. so call me at 1-800-743-cnbc or tweet me @jimcramer. good. good, we're getting it over with. let

. >>> united rentals is buying nes rentals for 956 million in cash.ri says the deal would expand its presence to the east coast, gulf states and midwest. >>> ebay reporting earnings in line with street estimates. the company's ceo said ebay was the second most visited commerce site in the u.s. in the holiday season. >>> and cover my meds is being bought for $1.1 billion by mckesson. mckesson also reporting earnings and revenues coming in slightly below wall street forecasts as the pace of drug price hikes sloweded down. >>> diageo reporting better than expected sales for the second half of 2016 thanks to an improving u.s. market. speaking to cnbc earlier today, the ceo said he is confident the company can hit its full-year target of single digit growth. diageo up 4%. >> one thing in diageo, i hope jim cramer is listening, he told me to pay attention to latin american results, so much better than expected. diageo no exception. double digit growth for sales. that was a bright spot in this global report. we'll talk to the ceo later on "squawk on the stre

safest way, which is not by train but by pipe and that's why qu quanta, builds pipelines and united rentals to rent heavy equipment to build pipelines have been roaring. heck, all the material stocks are rallying. my favorite is martin marietta. how many times do i need to mention that? i should have been more on that earlier. plus, you have to like the pipeline companies themselves. my favorite, the disciplined mid stream partners but embridge and transcanada. you know what? i went over that kinder morgan quarter and read it this weekend and said yeah, they will do okay. export a lot of natural gas in mexico. sure, president trump wants to press the auto makers to built in the u.s. but by green lighting, he'll produce far more jobs. there is demand for the oil but not cars. this market tends to reevaluate if you give it time. i thought american's best reported a fantastic number but not being strong enough. that's crazy. i believe this is going to 90 from the 70s because when it last earned as much as it did last week, the stock was in the 90s. the stock of the technology company plunged.

sherwin-williams, united rentals, and united rentals -- requiring rentals for 965 million dollars -- $965 million. behr says they posted a very strong quarter and they are positive on guidance and the valspar deal. we have invesco, both of these companies missed. invesco beat in revenues, but the picture is zero. -- assets under management dropped by $5 billion. of the stock is trading down and franklin resources trading down and sympathy report tomorrow before or after the bell they report tomorrow. right now the picture is not looking great. finally, back into the bloomberg and the s&pbtv 4087 500 is in blue. in green and red is the economic surprise indicators. we see stocks writing and the s&p 500 rising is on positive economic surprises. there is fundamental backing for stocks that these all-time highs. vonnie: abigail doolittle, thanks for that. we have breaking news now. mike pence -- as you can see is arriving at the gop retreat in philadelphia. that is the vice president at the gop retreat in philadelphia, anticipating remarks from him and president trump who left of fort --

united rentals, all-time high. $1 billion acquisition. they gave strong guidance as well. >> this company is in the sweet spot with money coming through the economy, et cetera. and making an acquisition that sweetens the story more. stocks moved up. value players love it, in the sweet spot. so still a lot of juice blind it. >> sarat, give me something on qualcomm. >> here we go again. >> down 5.5% today. >> this is the story that happens every couple years. you get lawsuits galore. this all started over a decade ago. if if you start two years ago and look at what happened over at china, same things. stock sold off. if you're a long-term patient holder, you hold your position. you can actually buy down here. but don't expect anything for about six to nine months. >> jim ladenthal is on the phone. >> missed on the top of the bottom. josh. >> yeah. missed by 20 cents. you can't do that. barbie sales down 2% globally. and they blamed hasbro stealing the disney princess line away from them last year. i guess you could say this stock will be fr

united rentals, nn resorts, americans want to go on vacation and wynn resorts and royal caribbean. it is up 11%. peso gain ad little strength against the u.s. dollar. donald trump, the president toning it down a bit with the mexican president. people seem to be a little bit relieved by that peso gained against the dollar. back to you. cheryl: when you see you dow 20,000, time for a little vacation. adam, thank you. oil and goldening in the red. is the trump effect on the commodity space, phil? >> i don't think so. i think trump effect on commodities is bullish in the new year. what we saw with consumer confidence today, highest level in a very long time. people are pumped. oil prices were down a little bit today because of concerns about more production in the u.s. but that's a donald trump thing. more u.s. production. that's a good thing. gold is down because the dollar was strong. listen to this, this year we're expected to sell more cars in the united states than ever before, 17.6 million cars in 2017. that is huge. that is more demand in the united states. that is a long-time b

from everything extra carefully an idea that we might be able to ask for a different packaging of rental units if ground floor residential is allowed would we ask for deputy director the retail that would lower the building and retain the unit count; however, it changes are we allowed to consider that. >> they'll increase the unit counts. >> it may or may not i don't know if other ordinances. >> you're asking me if you can consider the ground floor with residential. >> drop the performance the building given the building is considered residential over retail now saying if retail is moved in order to maintain the unit count lower the building at the expense of retail and maintaining the unit count. >> deputy city attorney mirena burns. i'm defer to the city but in terms of - >> yes. i'm not going to opine on that wanders to the housing affordability act that commissioner johnson referenced earlier about the commission needs to make specific findings from the commission will reduce the density in a unit count that employs as long as the units count is to the reduceed you'll not have to make that

>> united rentals which has been a huge trump stock is on tonight.rent equipment to be able to build trenches, pipelines, that's going to be terrific. and farook ckathwari, i'm talkig numbers cut, cut, cut regarded negative, find out what the psyche is of the consumer, but the president today is -- ten firms in terms of taking number down. buy u.s. steel on that statement, also lockheed because it's not a big hit. >> powerful calls no doubt. jim, see you tonight. when we come back a lot more on the president and the markets at this point. worst day for the dow since october 11th. s&p has a chance now down almost a full percent of breaking that streak of 74 days without a 1% decline. back in a minute. ♪ is it because so many go after it the same way? chasing after short term returns. instead if getting caught up with the crowd, the investment managers at pgim take a long term view, teaming specialized active investing with risk-management rigor, to seek out global opportunities. we manage over a trillion dollars this way, attracting many of the world'

currently they're illegal in berkeley, but there are about 1,000 short-term rental units in berkeley.> correct. i think we should allow the new economy, but we need strong protections in place that we're not losing housing when we're in a housing crisis. and we've seen whole buildings, rental properties, that have been used as short-term rentals. we're working on crafting regulations that balance the need to allow people to rent property on a short-term basis but also to preserve a long-term housing stock. >> you would legalize them? >> yes, i think we should legalize them but have strong enforcement and policies to discourage the conversion of long-term housing. >> also wanted to ask you about altabase hospital. anything to be done to save it from closing? >> i think there are things we can do. looking at san francisco and the fight to save st. luke's hospital, a successful effort and was a fight against the same corporation, the sutter corporation. i think we need to build a regional coalition because this doesn't just affect berkeley, it affects all the other cities in west contra

inclusionary housing will be savored by providing 13 percent of the unit that be 25 percent and the sponsor said those will be rentalt it is included in your packet that on balance and consistent with the policies and complies with the planning code and based on those finding in the case report the department recommend approval i'm going to turn it over to the sponsor team the developer and the architect to provide for detail on this project thank you. >> thank you project sponsor you have 10 minutes. >> those persons standing in front of the doorway find a seat please causing a fire hazard you can't stand in front of the fire the door. >> can you project. >> once you start speaking sfgovtv will respond. >> good afternoon, commissioners and opportunity to present i'm rod the project sponsor and here to spend the next 6 minutes with me. >> you're familiar with our project on the north side fine taylor and jones and that the nexus of the mid-market cord and the tenderloin neighborhood it is new while the vision of the future is important we first saw the site in may of 2013 like a billboards hard that was filled with

the s&p 500 a broader index, a lifetime high there as well, names like united rentals, transocean.dow20,000 at the white house. so we saw enthusiasm from the president as well. back to you guys, and i hope for your 401(k)s it will move higher again. brian: indeed 30,000. steve: i might start looking at it again. we know he can move on stage. but did you know this country music legend can also cook? ainsley: country music legend and our friend larry gatlin is here. steve: oh, larry. ainsley: he's letting us in on one of his wife's secret recipes. brian: i want to check in with shannon and find out if she's going to try to top this segment. >> i cannot cook. i can make reservations. [applause] steve: all right. good job. >> by the way, coming up, you know president trump's reportedly getting ready to take more executive action today. that could send his critics into overdrive. we're awaiting a possible executive order that could drastically change the way foreigners do or don't come to the u.s. is this going to be the extreme vetting he promised during the campaign? but there are som

. >> gary: rental unit and a glittering with different cisco say you think he has surpassed as the game's greatest quarterback. and then there you go new england patriots are ready to roll. and of course they will take on atlanta falcons to just went to the green bay packers in yesterday right now the atlanta falcons partly underdog by three points. favored by 3. new england patriots a week from sunday pickups at four around 338. and then robert a. kraft, owner of the patriots and get on the stand after the game. and people are upset the back-and-forth of and for this and that drawing it's one thing and they have somebody driving home agreement but he was if indeed it drunk and a word from the patriots. and then gives birth to a healthy baby girl later that day. and all of the greatest super bowl. and a $40 million when jumbo what it higher you. one year he is coming back to the fall. hired by the washington redskins and the vocal position with harbaugh and the gym is a nice guy. there he is germantown's to log. roughly $47 million and the head coach right now george patton. possibly not.

incomes and passed the adu legislation thank you commissioner farrell for creating thirty thousand rental unitve taken on incorporation like airbnb the academy of art university and challenged government assess i passed finance reform to eliminate the elected officials - with the past support of 76 percent we passed a 200 and 61 million dollars available prevention bond indeed prop c was the only measure on our november ballot that addresses our affordable housing crisis and the only measure rigging third street majority vote that passed and supervisor president london breed supervisor sandra fewer was short i'm using her time and we rei cannot the disgraceful attempts by the board of realtors by voting down proposition 2 and u by a margin and did all of that together i want to thank you san francisco for not buying the height that deep pockets can afford and not giving up housing prevention have taken on a greater urgency in the i'll not say risking one constituent reminding us the federal government attacking our community across the city r across the country people don't feel safe outside o

incomes and passed the adu legislation thank you commissioner farrell for creating thirty thousand rental unitve taken on incorporation like airbnb the academy of art university and challenged government assess i passed finance reform to eliminate the elected officials - with the past support of 76 percent we passed a 200 and 61 million dollars available prevention bond indeed prop c was the only measure on our november ballot that addresses our affordable housing crisis and the only measure rigging third street majority vote that passed and supervisor president london breed supervisor sandra fewer was short i'm using her time and we rei cannot the disgraceful attempts by the board of realtors by voting down proposition 2 and u by a margin and did all of that together i want to thank you san francisco for not buying the height that deep pockets can afford and not giving up housing prevention have taken on a greater urgency in the i'll not say risking one constituent reminding us the federal government attacking our community across the city r across the country people don't feel safe outside o

incomes and passed the adu legislation thank you commissioner farrell for creating thirty thousand rental unitve taken on incorporation like airbnb the academy of art university and challenged government assess i passed finance reform to eliminate the elected officials - with the past support of 76 percent we passed a 200 and 61 million dollars available prevention bond indeed prop c was the only measure on our november ballot that addresses our affordable housing crisis and the only measure rigging third street majority vote that passed and supervisor president london breed supervisor sandra fewer was short i'm using her time and we rei cannot the disgraceful attempts by the board of realtors by voting down proposition 2 and u by a margin and did all of that together i want to thank you san francisco for not buying the height that deep pockets can afford and not giving up housing prevention have taken on a greater urgency in the i'll not say risking one constituent reminding us the federal government attacking our community across the city r across the country people don't feel safe outside o

incomes and passed the adu legislation thank you commissioner farrell for creating thirty thousand rental unitve taken on incorporation like airbnb the academy of art university and challenged government assess i passed finance reform to eliminate the elected officials - with the past support of 76 percent we passed a 200 and 61 million dollars available prevention bond indeed prop c was the only measure on our november ballot that addresses our affordable housing crisis and the only measure rigging third street majority vote that passed and supervisor president london breed supervisor sandra fewer was short i'm using her time and we rei cannot the disgraceful attempts by the board of realtors by voting down proposition 2 and u by a margin and did all of that together i want to thank you san francisco for not buying the height that deep pockets can afford and not giving up housing prevention have taken on a greater urgency in the i'll not say risking one constituent reminding us the federal government attacking our community across the city r across the country people don't feel safe outside o

incomes and passed the adu legislation thank you commissioner farrell for creating thirty thousand rental unitve taken on incorporation like airbnb the academy of art university and challenged government assess i passed finance reform to eliminate the elected officials - with the past support of 76 percent we passed a 200 and 61 million dollars available prevention bond indeed prop c was the only measure on our november ballot that addresses our affordable housing crisis and the only measure rigging third street majority vote that passed and supervisor president london breed supervisor sandra fewer was short i'm using her time and we rei cannot the disgraceful attempts by the board of realtors by voting down proposition 2 and u by a margin and did all of that together i want to thank you san francisco for not buying the height that deep pockets can afford and not giving up housing prevention have taken on a greater urgency in the i'll not say risking one constituent reminding us the federal government attacking our community across the city r across the country people don't feel safe outside o

incomes and passed the adu legislation thank you commissioner farrell for creating thirty thousand rental unitve taken on incorporation like airbnb the academy of art university and challenged government assess i passed finance reform to eliminate the elected officials - with the past support of 76 percent we passed a 200 and 61 million dollars available prevention bond indeed prop c was the only measure on our november ballot that addresses our affordable housing crisis and the only measure rigging third street majority vote that passed and supervisor president london breed supervisor sandra fewer was short i'm using her time and we rei cannot the disgraceful attempts by the board of realtors by voting down proposition 2 and u by a margin and did all of that together i want to thank you san francisco for not buying the height that deep pockets can afford and not giving up housing prevention have taken on a greater urgency in the i'll not say risking one constituent reminding us the federal government attacking our community across the city r across the country people don't feel safe outside o

from everything extra carefully an idea that we might be able to ask for a different packaging of rental unitsground floor residential is allowed would we ask for deputy director the retail that would lower the building and retain the unit count; however, it changes are we allowed to consider that. >> they'll increase the unit counts. >> it may or may not i don't know if other ordinances. >> you're asking me if you can consider the ground floor with residential. >> drop the performance the building given the building is considered residential over retail now saying if retail is moved in order to maintain the unit count lower the building at the expense of retail and maintaining the unit count. >> deputy city attorney mirena burns. i'm defer to the city but in terms of - >> yes. i'm not going to opine on that wanders to the housing affordability act that commissioner johnson referenced earlier about the commission needs to make specific findings from the commission will reduce the density in a unit count that employs as long as the units count is to the reduceed you'll not have to make that dec

you know i'm tremendously supportive of adding qualify transit assessable and family-friendly rental unitsnd thrilled about the decisions as you might imagine i can see from any windows it is light dangerous, yeah, it is just terrible i can't believe it is allowed to exist as lesson has it has my upstairs neighbor was not able to be here today we've talked about that and attended the public session that the architect had and really appreciate the removal of i can't remember what is it called- the stair penthouse we do continue to have some concerns about the height i understand that it is consistent with what is allowable not neighborhood as you can see from the streetscape it is 2 stories turn around anything else within 3 blocks on any side of it and so it is you know like i'll be relieved existed if it was one story shorter two stories make a difference when you're talking about the difference between one and 4 and two stories that is different than you're talking about the differences between 10 and 12 stories that will be turn around anything in the neighborhood i'm a transit user i b

unit at a time. it also calls for that rental to be in the host's permanent home. the goal of the measure is to prevent owners for using properties for short term rentals and cutting into the the supply of affordable housing. >>> some lawmakers are trying to pave the way to make maryland the tenth jurisdiction to legalize marijuana. one of the mesh showers would make it legal for adults over 21 and regulate its production and sales similar to alcohol. the other would put nonmedical marijuana which could bring in hundreds of millions of dollars in revenue to the state. marijuana is already decriminalized in mad mad. eig -- maryland. eight states already have some recreational weed. >>> a man murdered three of his bosses and is still in the hospital this morning. he shot himself twice trying to run away from police on sunday morning. they say earlier that day he killed his bosses at the blue sunday bar and grill. sources say that shooting was a result of a work place dispute over money. people who work for that restaurant are still this disbelief. >> i've been shakin

over thee developing next few years, 13,000 for sale and rental units in london to attack the middlemore broadly, what about international financing? does an america first approach different eyes that in any way? jeff: i don't think so. we are all waiting to see, i don't think it will impact capital flows into the u.s.. the u.s. is still the greatest country in the world and the safest country in the world. from an investor perspective, people are still trying to move dollars. alix: what about areas like paris, frankfurt -- other areas that potentially could move their banking operations out of the u.k.? jeff: certainly, would you read about in the press and everything is that investors are looking to follow where the offices are going to go. that is not what we're focused on. of the u.k., you mentioned the america first policy -- trade is still good you wind.k. so how do up getting your materials? do you worry about that? as you build the middle homes? jeff: we don't know yet. it is so uncertain. at the moment you could source you need everything there. but five years out it is only

enforcement has been a point of debate in the land use ordinances from legalization of legal unit and short-term rentals the board has questioned the ability to force new regulars on land use and the planning department has not limited to not having the resources to enforce the laws if a breeder recent land use hearing last month i learned that exceeded the fact that one of the property owners has been violating the restrictions of special use district since 2008 planning has not taken any action and not a pencil scheme when it takes 8 years to examine a violation of laws i'm not upset at the property owners i look at the planning department i'm asking the b l a what actions this department has taken over the last 16 years and look at the penalty schemes in place i look forward to the future discussion and call for a hearing once the board - i want to acknowledge supervisor cowen i believe that mental health is one of the biggest issues that i hope we can tackle and confront we see in our prisons and homeless shelter population and one we absolutely need to look at resources for and best practices witho

enforcement has been a point of debate in the land use ordinances from legalization of legal unit and short-term rentals the board has questioned the ability to force new regulars on land use and the planning department has not limited to not having the resources to enforce the laws if a breeder recent land use hearing last month i learned that exceeded the fact that one of the property owners has been violating the restrictions of special use district since 2008 planning has not taken any action and not a pencil scheme when it takes 8 years to examine a violation of laws i'm not upset at the property owners i look at the planning department i'm asking the b l a what actions this department has taken over the last 16 years and look at the penalty schemes in place i look forward to the future discussion and call for a hearing once the board - i want to acknowledge supervisor cowen i believe that mental health is one of the biggest issues that i hope we can tackle and confront we see in our prisons and homeless shelter population and one we absolutely need to look at resources for and best practices witho

units. abc 7 news was at city hall as a supervisor gave details of his plan. it would halt room rentals to tourists at single occupancy rental hotels. he says some building owners are relying on tourist rentals to drive out long-term residents and convert buildings to higher priced housing. >> we believe that this will return hundreds, if not thousands of vacant units that have been awaiting conversion to the sro housing market. >> about 5% of san francisco's residents live in sro hotels. >>> california's farmers are transforming trade at the port of oakland. port officials say farm exports are 53% of total exports from the port. that's an increase of 233% over the past five years. the port's business development manager says the growing middle class in asia is eager for high quality u.s. farm products. oakland is the last stop on the west coast for ships returning to asia. >>> firefighting enters the jet age. >> indeed, it is a new t >>> it is time for this year's oscar nominations. you can see the nominations tomorrow morning live on abc zen. >> it starts at approximately 5:18 so join

so that's probably not going to happen but these units may turn into pseudo rental towers, half condoental because the owners will rent those out versus give them away. that's going to be the change over the last recession. >> the owner/developer? >> correct. >> there's a lot of masking? >> yes. >> rentals, offer a few months rent so that the print is high. the print will be high to cover closing costs and all sorts of other things to get that list price, sale price high. >> without a question. >> another masking of the market has happened because a lot of the units that went to contract a year or two ago are now closing because the buildings are done so you're seeing an unnaturally high level of sales even though people aren't actually going to contract now because they're leftover from a year ago. when all of this starts to wash out in the first and second quarter, that's when i think we'll really see where the rubber hits the road. even though we have a billionaire real estate developer should help high housing. >> what do you think of next year? >> i agree in the first and second

enforcement has been a point of debate in the land use ordinances from legalization of legal unit and short-term rentals the board has questioned the ability to force new regulars on land use and the planning department has not limited to not having the resources to enforce the laws if a breeder recent land use hearing last month i learned that exceeded the fact that one of the property owners has been violating the restrictions of special use district since 2008 planning has not taken any action and not a pencil scheme when it takes 8 years to examine a violation of laws i'm not upset at the property owners i look at the planning department i'm asking the b l a what actions this department has taken over the last 16 years and look at the penalty schemes in place i look forward to the future discussion and call for a hearing once the board - i want to acknowledge supervisor cowen i believe that mental health is one of the biggest issues that i hope we can tackle and confront we see in our prisons and homeless shelter population and one we absolutely need to look at resources for and best practices witho

. >>> a new proposal would protect thousands of affordable housing units in san francisco from being converted into rentals for tourists. abc 7 news was at city hall as a supervisor presented the legislation. it would stop the renting of rooms of single occupation see rooms to tourists. the proposal also gives the department of building inspections stronger enforcement powers. >> while the rooms appear to be residential in nature, the reality is that they are typically in a rampart basis being used for tourist rentals on a weekly basis. >> right now about 5% of san francisco residents give in sro rooms. >>> a new labor report shows job growth in the bay area is stalling. job growth was just 2.7% last year compared to 3.8% in 2015. analysts say while there may still be jobs in the area, the price of housing makes it difficult for companies to fill those positions. >>> samsung says the design of its batteries caused some of its galaxy note 7 phones to catch fire. after a months-long investigation into the problems, the president of samsung appa apologized to customers. he now says the company may have psuppl

unit at a time. it also calls for that rental to be in the host's permanent home. >>> some law machers in annapolis areto pave the way to make maryland the tenth jurisdiction to legalize recreational marijuana. two different measures, one would make it legal for adults over 21 and regulate production similar to alcohol. the other would put taxes on nonmedical marijuana. marijuana is already decriminalized in maryland. eight states in the district have some form of legal recreational weed. >>> coming up on 5:34 and covering prince george's county, the man police say the hospital this morning. he shot himself twice trying to run away from them sunday morning. they say earlier that day he killed his bosses at blue sunday bar and grill in bowie. sources tell us the shooting was a result of a dispute over money. people who work at that restaurant are still in disbelief. >> i've been shaking all day. i couldn't sleep last night. i know a lot of other people couldn't sleep, so it's hard. >> police believe that he worked as a bartender at the newly opened restaurant. he is expected to survive and be charged. >

inclusionary housing will be savored by providing 13 percent of the unit that be 25 percent and the sponsor said those will be rental unit it is included in your packet that on balance and consistent with the policies and complies with the planning code and based on those finding in the case report the department recommend approval i'm going to turn it over to the sponsor team the developer and the architect to provide for detail on this project thank you. >> thank you project sponsor you have 10 minutes. >> those persons standing in front of the doorway find a seat please causing a fire hazard you can't stand in front of the fire the door. >> can you project. >> once you start speaking sfgovtv will respond. >> good afternoon, commissioners and opportunity to present i'm rod the project sponsor and here to spend the next 6 minutes with me. >> you're familiar with our project on the north side fine taylor and jones and that the nexus of the mid-market cord and the tenderloin neighborhood it is new while the vision of the future is important we first saw the site in may of 2013 like a billboards hard that was filled w