>> i think it's good i like united rentals. honeywell was a great quarter. you mentioned it before.s a classic example of a company telling a story ge is not telling. 8% organic growth. where is it coming from? ge in that business? i don't think so fantastic quarter for honeywell. specific to the company, stay with it. i think it continues to go higher and higher. >> let's get after earnings next week busiest week for the s&p, coca-cola, facebook, cat, boeing, amazon, exxon -- and that's just a short list of all of the names coming out next week ones that matter >> well, you know, you know, i'm looking for the facebook, right? although the interesting read through that says boeing and a cat are going to give us next week are interesting out of my own portfolio, i don't expect anything but great things out of them, and to help with the fang names, if you will. >> josh, are you going to get it >> i think it's going to shift from user growth, which at 2 billion is impossible. i wouldn't be surprised if some around lifts start asking questions whether instagram could sustain any more ad

we need to change these 100,000 rental units into 100,000 occupied rental units. we need to row -- remove rent control and replace them with rental tenant agreements which is an urgent issue. to change our existing rental 100,000 unit and we should not think about and continue. [chime] ? >> thank you. next speaker, please. >> i'm coming from the sun set area. san francisco is predicted to have major earthquake in modern times. in our district san francisco is sand based. we don't have the auxiliary water supply system protection after 19th avenue. we are not well equipped to deal with a disaster in san francisco. we cannot afford to build high rise buildings in san francisco. please, supervisor mar i sproupt the resolution to oppose s.b.50. thank you. >> next speaker, please. >> good afternoon. my name is luanne bassin. thank you for the resolution and your co-sponsors. i urge the other supervisors to support it and pass it on to the full board. i oppose s.b.50 for two main reasons. first, environmental concerns. throughout the entire testimony today i heard one ot

time coming and i've been waiting for that for a while. >> i still think they have room to run united rentalss the most interesting. it's upon a lot if we get this infrastructure deal >> did this meeting seem to you -- >> 2 trillion is great, but it's the how do we pay for it meeting that will be less kumbaya. >> which is another way of how do we pay for it, with a deficit that's getting almost absurd and 2 trillion in stimulus at a time when we have a fed meeting where people expect zero out of this fed and we have a payroll number on friday which has a big, big number and people are way offsides on any type of hawkishness. so you throw in an infrastructure bill and i think you get to a place with a 3% economy that you can have a lot more fed that everybody knows about. >> now up more than 17% a year our next guest it is and welcome, tony. good to have you >> we should mention, too. the fed decision tomorrow on a day today where the president says cut by a full point and embark in qe4. why is that not good for equities >> we're expecting a bit of pause here which is why he teased it the way

units. these are all rental units so they're not going to be sold as luxury condos. the actual design of the building and the layout of the building is consistent with more affordable newer apartment, so this is not some glass tower in the sky kind of building that we're seeing everywhere. and that is just kind of shocking to me, though, there is no transparency in this process to get something entitled in the city. it's crazy. you have a planning department that has voiced its approval of the project. and you've got am other -- some other city people trying to litigate the obscure 35-year-old piece of the planning code. i don't know. i don't know how anyone can do business in the city if everything is so obscure and not transparent and there is no rhyme or reason or logic put into any of this. we're faced with a really great project, with a developer willing to go above and beyond the call of duty. $900,000 of impact fees paid to the city. you have the housing of the existing tenants. you have two new commercial units that are going to be modern, glass-faced, beauti

united rentals up about 9%. saying they are reaffirming their full-year guidance, emphasizing confidence in this cycle. alix: bloomberg's taylor riggs. great breakdown. we are about a half hour away from attorney general william barr's news conference expected to talk about the process of rejecting the report. more on what i am watching. and color coding. this is bloomberg. ♪ alix: here is what i and everyone is going to be watching. william barr expected to release the redacted version of robert mueller's report. kevin cirilli joins us. what we get in half an hour? kevin: we get a redacted version of the report. it will be color-coded for redaction. we will hearnote from attorney general william and at the 9:30 half-hour then potentially from president trump at the 10:00 hour and formally get this release sometime before noon. david: it is a tough question. will anything surprise us? earlier --his point is this just confirmation biask? kevin: that is a great question. you will hear from chuck schumer and nancy

here are the s&p winners, united rentals up healthy 8%. un area pacific, constellation brands round out the top four. >> the justice department, meanwhile, releasing the redacted mueller report earlier today. 430 pages. ayman javers has the latest. >> the president has been reveling in the moment today saying this backs up what he's saying all along, which is there's no collusion between his campaign and russians and no obstruction by himself he's even tweeting out triumphant images over the course of the day today. but below the headlines here there's a portrait emerging of a president who was deeply concerned about this investigation as was going on. here's what the special counsel writes in the report about the idea of a special counsel being appointed in the first place they say the that president trump reacted negatively to the special counsel's appointment. he told advisers it was the end of his presidency, sought to have attorney general jeff sessions unrecused from the special investigation and have the special counsel removed. in

united rentals reiterating their guide. the year is unfolding just like they thought. >> they raised the rental rates. that's what we were waiting for. this is going to be so strong. one of the things that i think facebook is so wrong, this has picked up big in march and april. i don't want to get into a fight with various people. >> what about paper stocks >> too much capacity in papers because those -- i mean, some of those people they kept opening factories, expecting that things will be great. amazon cardboard and they were thinking out of plastic into paper. it's just straws it's just straws intermodal if you go to the csx, they're going to tell you that we're delivering things on time in the rails. >> not as much as inventory as -- >> trucking also -- >> a market share issue? >> intermodal. how many -- >> we know. >> 1800 containers on a container ship, okay >> yes. >> we stopped because of the tariffs. we did really big. we loaded up, took all the stuff in, betting that the tariffs would go up. we were full up and th

how about fast nell, garanger, united rentals they're moving up 3% to 5% today. a week ago new mortgage applications and new home sales rocking. we had the best as far as jobless claims, best jobless claims in 49d years. that's why want to be in that space right there because that's a big ticket item. housing homes and all of that. >> i keep hearing about this slowdown, recession. >> no. >> global synchronized lowdown, u.s. recession imminent. inverted yield curve we're doomed. >> that's all out there. there's two main questions you have to answer, number one, where are we in the cycle? and what do you think will happen to rates based on positioning? u.s. trade, a whole lot out there. but those are two seminal questions. when you look at tech, despite the fact it trades at a premium pe, there are a lot of drivers there and tech will continue to be strong. when you look at consumer, you get late cycle, housing activity doesn't do quite as well kind of depends on what happens with rates we have been overweight energy all year we just took off the overweight. so rew

that project is 112 units of family rental housing. mission bay block nine is in predevelopment with an anticipated approval request for construction loan during the fiscal year. that one is 141 units of supported housing for formerly homeless people. finally, i would like to introduce our housing team which makes this all happen. jeff wait is on vacation this week, so this is why i am presenting this item. here today are pam simms and kimberley. you heard from them both earlier , and not here are any wong and jane who are back in the office working hard closing mission bay south block so we can start construction, and then me rounding out the team. thank you. >> i will just provide an overview of our community development and workforce budgets. it is a total of $2.8 million. the majority of this will be spent on grants for community-based organizations in the shipyard. this includes funding for the scholarship fund, or hub, neighborhood building fund, readiness and amongst others. we also have $0.4 million for workforce of element serv

the amazing numbers we heard from united rentals last night and today when they talked, while these guys don't use caterpillar's equipment, the demand for the rentals, should be able to put up very good number at least domestically that will take people by surprise so maybe perhaps the domestic and the international size of the business have returned to growth at the same time, godsend. if you think that's the case, it's worth owning. after the close microsoft and facebook report. microsoft has become one of the great growth stocks of the year. we own it for the charitable trust and have been reluctant to take profits because we strongly believe in satya nadella facebook has like the old timex ads taken a licking but keeps on ticking. i wish they would come on "mad money" and say listen, everybody, i compromised everyone's information and hey, i told cramer everything this is another stock my charitable trust has owned forever. the home is that instagram is still growing like crazy one of my bigger regrets is we sold our last bit of paypal. paypal has had an amazing run here so if it get

appropriating the real estate property of large scale rental companies those who own three thousand rental units or more however this could cost billions of euros in compensation critics warn that berlin which is already heavily in debt can't afford the bill and they also point out that such a move would not in itself create any new housing in a city that desperately needs it. a huge cannabis expo has opened in cape town south africa's highest court legalized the use of the drug by adults in private places last september it also granted adults the right to grow marijuana for private consumption the expo focuses on a small but growing cannabis industry in south africa many countries around the world are either legalizing cannabis or giving the green light for medical use and it is not explored cannabis is already used in many countries to treat a range of health conflicts. and the bonus they are followers. after the break with the best of the action from the top of the table clash between byron munich and dortmund would dortmund live to rue this early miss against defending champions find out soo

appropriating the real estate property of large scale rental companies those who own three thousand rental units or more however this could cost billions of euros in compensation critics warn that berlin which is already heavily in debt can't afford the bill and they also point out that such a move would not in itself create any new housing in a city that desperately needs it. shifting gears now legendary designer mary quant is synonymous with the swinging sixty's when london was the center of the world when it came to use it and fashion quarters the driving force behind the mini skirt hot pants and much more the victorian albert museum in london is celebrating her iconic status in a new exhibition which shows how she led the way bringing daring and exciting fashions to the high street. for a mini skirts and vinyl dresses to vibrant tights and makeup. two hundred items tell the story of how mary quant changed fashion forever included abdomen stimulated by the public and never before seen pieces from the designers own. the exhibition charts twenty years of one's work from its beginnings in the mi

among the names today leading that group higher, you've got united rentals and ww granger and the airlinesector is fassy noll. it rows 11% last quarter driven by higher sales and stronger demand for products on industrial vending. that stock on pace for it's best day in three months. i will send it back downtown to you guys at the stock exchange, carl. >> all right. dom, interesting action on some of those industrial names. pelosi reached out to the white house on infrastructure and she's looking for a bill that's at least a trillion, would like to see 2 trillion. we've been down this road a few hundred times, but it would certainly be supportive to these names. >> that chatter comes at a time when the market is looking for that rotation into those types of names any way, outside of boeing it has been affirming story there. >> right. retail's been a mixed bag. bed bath, no good. costco disappointed. buy it on weakness. >> costco is a stutter step in terms of their comps and everything. bed bath is a pure special situation, super cheap. maybe it'll come back in the second half. one of the

. >> unite td rental still going go higher. >> and jpmorgan staying long regardless of the big rally.novative ceos. >> got to love it, throws it in with four seconds left in the show to be continued. that does it for the halftime report "the exchange" begins right now. >> thank you hi, everybody. here is what is ahead. diz in y disney stock releases an all-time high. are they too optimistic about subscriber numbers plus the biggest auction ever wireless spectrum about to be announced. we'll look at which companies need that bandwidth the most as the nation prepares for a major wireless overhaul. and another ceo comes out hard against ceo and this one is a major advertiser ahead, we'll talk about how serious proctor and gamble's threat to leave thos

since 2015, 610 units of older rental housing have been lost in mountain view or in the process of being demolished. only 135 units of low income housing have been added within the same period. >> residents of the apartments will get relocation assistance of at least $5000. the city of mountain view extend the date by whicmove out the end of september. >>> the police chief is stepping down next month after just 2 years on the job. we talk to the muni police chief carlos rojas about why he is retiring what he did next. >> i had a wonderful time working with a great group of people. >> reporter: a face time, he says that he is most proud of improving the culture at bart lease. a force more productive and part of the when he arrived 2 years ago. >> the quality of the officers most. and the experience that i will remember the most. >> reporter: he came to bart from santa ana and he will return to southern california and his elderly parents. he has a son, an athlete at west point, in his senior year. >> i'm set to experience my son playing soccer at a very high level for probably the last tim

the areas where we either don't allow housing through zoning or where we're estimating there are rental units, the map looks more like this. when you add the sensitive communities areas which have been added to the recent, it looks more like this map. all the gray areas would not be eligible to use this. that's a summary of the bill and how it would apply to san francisco. i have many rendering if you're interested getting a sense of skill. i can go over that. >> supervisor brown: when we talk about two most pressing issues in san francisco, homelessness, housing, we always talk about it's a regional issue. it's not just san francisco, it's regional. can you speak on what do you think expected effects of this bill across the region and state would be? >> yes i can. since we're looking at this broad area that's not just transit and high opportunity areas, that is a big change. that has potential to adjust zoning drastically throughout the state. also on the west side of the city where supervisors fewer and mar, their districts lie. this potential of the job rich and opportunity rich is importa

according to analyses and city data, since 2015, 610 units of older rental housing has been lost in rentalor in the process of being demolished. only 135 units of low-income housing has been added in that same period. again, that was allie rasmus reporting. >>> residents will get some assistance of at least $5000. the city extended the date by which residents have to move out to the end of september. >>> checking the clouds out there, there is a lot of them and a lot out in the pacific. there are a couple of thousands of miles of moisture streaming in. as you look at it you can see the curlicues that are signatures of disturbances, dynamics. they're not very strong storms but they are out there. extend that out in the pacific a couple thousand miles and that is a lot of cloud cover that has to get through the area before we get to mostly sunny weather which doesn't really happen until saturday afternoon to sunday. as we go into tomorrow, a lot like today. we talked about that. cloudy outside right now, certainly. the radar is spinning, a little green around eureka, a little sprinkle tonigh

it had units we habs acquisition as well as transfer of the rental assistance demonstration program. here were less represent controlled units removed in district five. districts two, three, five, six, eight, nine and 10 have positive balances. the rest had negative balances. the next slide shows distribution by planning districts. the range of balances range from negative 270 in the same geography as district four to about 126% in braille heights and 72% in the western addition. the high positive balance is due to the number of units under the rad program in the district. the ordinance also requires projected housing balance, essentially net new affordable housing units as proportion of the net units in projects that received entitlements and have yet to receive building permits. this slide shows projected housing balance 22%. this is 6% points higher than the previous reported period. it is also provided at the board district and planning district levels. the housing balance ordinance specifies three major multi phase projects that have been entitled but do not have building permits

perhaps four individuals on the rental side that identified as trans that actually got into our rental units. as you can see, we really didn't have one individual that identified as trans in our ownership units. again, i think a combination of outreach and what i anticipate would be an income gap, a significant income gap. >> supervisor mandelman: did 17-18 include open house? >> it did not. it did not include 55 laguna or 95 laguna. i think this is what i said before, 11.753% identifying as lgbtq. some of the barriers that we're looking at include, i think working more closely with our affordable housing providers and our property managers. one issue that came up was that many individuals, especially trans identified individuals do not necessarily feel comfortable in either r.a.d. housing, public housing or affordable housing. often those properties are day-to-day managed by property owners which are not nonprofit housing property owners, and i think there's definitely a need for additional training for those providers. the last portion here does not focus on programatic barriers relating t

there are 59 rental units here. because they were built in the 70s, they are rent-controlled. the owner of the land wants to tear down the apartments and put market rate townhomes in their place. by market rate, the city estimates the townhomes would sell for about $1.5 million apiece. definitely not affordable housing. the developer has the city l's blessing to do that and go ahead with the plants. they voted 6-1 last night to approve the developer plans. it was a heartbreaking decision for many residents of the apartments, some of whom have lived there for decades. there face with the reality of not only having to move out of the home of their apartment, but possibly out of the bay area and maybe even out of state, to find a new affordable place to live. >> i grew up in mountain view, so i want to stay here, but i don't know if we can afford it. >> i believe that the owners have the right to go out of the rental housing business. >> that was the mountain view mayor. they say the plans were compliant with zoning laws so she had no reason to oppose the plans. basin the city an

they are forcing the rent to go higher and forcing the rental units to be out of the market, so there are fewer and fewer affordable housing on the market, and that's all because of the politicians and their organizations behind the scenes pushing them to do these without concern for the general public's well-being. with that said, this is just another step towards a final goal of these organizations trying to take over the homeowner's market. so, the homeowners can no longer do the business, but they will take over the biggest landlord. already i see privileges around the bay area that are dictating the market unfairly. so please say no and think it through. you are undermining the whole american society. thank you. >> thank you very much. next speaker please. >> good morning, reverend. >> good morning. good morning to everyone. i want to first say i'm reverend yana moore from faith in action bay area and some of my teammates are here. i want to thank the board of supervisors for the courage and initiative you have shown. i want to simply state the human cost every day i hear stories

the project will provide 152 affordable rental units to extremely low to low income families. it include 10 studios, 34 one bedroom you units, 39 three bedroom units, one bedroom unit. 38 of 152 units will be set aside as public housing replacement units for households relocating from sunnydale. the project average affordability level 56% of the area median income which translates to roughly 66,000 66- $66,304 for family of four. the board approval of this bond issuance will keep us on track for close of construction financing and construction to start at end of april. this project will be complete and ready for occupancy in the spring the 2021. that concludings the -- concludes staff presentation. a representative from mercy health california is available to an answer questions. >> chair fewer: there's no b.l.a. report on this. let's open up for public comment. are there any members of the public that like to comment on item 7? public comment is closed. like to move this to the board with a positive recommendation. can we take that without objection? thank you very much. plea

are especially or especially are we creating rental units for members of our community that are affordable? so i don't know if you would like to speak to that, whether these additional reporting requirements would be possible. >> well, we would certainly make every effort to collect what we can. we may have to be working with other city agencies for some of that data, but, yes, of course, we would be happy to follow up on that. >> great. thank you. well, you know, with the amendments -- they amendments that i have been working on and i have been in communication with supervisor brown's office and d.b.i., they're not ready to be introduced today, but i do support moving this legislation forward in a timely matter, especially with the urgency on supporting affordable housing development in the city. so i would support moving this forward with a positive recommendation out of committee today, and i could bring forward the amendments, you know, at the full board when it comes up for a first boat. >> yes, a chair mar, thank you, i am in agreement with chair mar i think it is really important wh

i think we do ourselves a disservice when we produce a study that says we need .31 for rental -- inclusionary units for every market rate and .379 for ownership unit. we should be putting on page 35 how much we're actually falling behind based on our own study. i don't think it's fair. we talk about it, but we never actually measure what is happening. perhaps i think really filling that gap in, funding, really can start a conversation, but without having the information together, it's just theory. so if you take the two numbers that i said, you applied it to this year, what additional number of units would we have needed to produce just to stay level? with our own nexus study? i think that's very important. it gets the conversation started. the other one, i know we understand what zone capacity is now. have we understood it in the past? we know population. i think the big missing thing is zone capacity. do you know whether we have that or not? i know we had it in the drop housing balance report. >> we do have the zoning capacity. >> commissioner richards: historically? we do, okay. >> the zoning ca

units of housing. in 2015, they implemented the first phase of the rental assistance program. rad is a voluntary conversion of public housing to the section 8 housing program. since 2016, 3443 units in the public housing properties were transferred to private agencies to rehabilitate. in 2018, about 1170 units were transferred to the rad program. about 20% of the units were low-income and 80% were very low-income. although the units do not count toward the total number of housing production, because they're not created, they do provide homes in much improved conditions for existing households. accessory dwelling units is a housing program that began completing new units in 2015. 79 new adus were completed last year. creating a total of 141 added to the housing stock in 2018. this year, we added more data about state density bonus and home assess projects to the report. there are currently 43 projects in the pipeline with applications either filed, under review, entitled or with building permits issued and they propose 145 units after implementing a bonus. as i wrap up the prese

we actually have some slides if there's a way to -- we would propose putting in 186 rental housing units with 20% below market rate and 8100 square feet of retail on the ground floor that would be neighborhood serving local type of merchants. we'd have a six-story mural on the north side. we'd have an active ground floor coming around to the lobby. really, i'm doing this because we need the housing, and that block is just really unsafe to walk right now. our height would be 65 feet on -- we'd be 65 feet high on divisadero. we'd be 45 feet high on oak street. our parking ratio is .3:1, 57 cars with 186 apartments. we'd have space for 170 bicycles. and i've gotten to work with michael quite a bit over at madrone. he was happy to let us do some additional measuring of the acoustics a couple of weeks ago. it looks like our numbers are stable. i've met with club waziema and i've meet with the emporium. we understand about the new night life ordinance that would be coming into place, so we'd be a prototype with, and we'd be happy to comply with that. our insulation numbers, we would wind up us