carol: zillow gets a fee for a.it is a little higher than what you would pay a real estate broker. patrick: indeed. 6-9%. they also make a little bit of money of selling a home for more than they buy it for. they're aiming not to make money on appreciation, but by charging the speed. carol: they become a fairly big homebuyer of properties in an area like phoenix. patrick: that's right. they are buying hundreds and thousands of homes. they will have to borrow a lot of money to do it. zillow finances each of these purchases. they do it in cash. they have to hire on the ground employees and those employees have to manage teams of contractors who are going to go and speed is the essence of business model. the longer they hold the home, the more they are paying hoh fees,costs, taxes, insurance and all that. there tried to get a rapid turn. jason: why did they feel the need to get into this tougher business? patrick: other people were doing it. longform --eal long-term competitive risk for them. , if this is the way peopl

i love the zillow story. it's a company -- if you got the real estate, you cannot stop looking at what your house is worth, what your neighbor's house is worth. mate.: the zesti joel: this is a company that has made a strategic choice to actually get into the home buying game. they have rolled out this phenomenon in 14 u.s. cities. there is an instant cash offer that you can sell your house and no longer have a broker. this is a real disruptive force. they are not alone in it. we did a great job of looking at what this phenomenon might mean for u.s. housing overall. jason: as you say, it all goes back to that crash we saw 10 years ago. a lot has changed and maybe some things haven't. carol: joel weber, thank you so much. we have more on this overall story with editor bret begun. bret: we are not about to have another crash like we just did. when that happened, you had overbuilding and you had a lot of pretty speculative pricing that was not really taking the overbuilding into account. that combination does no

i love the zillow story.f you got the real estate, you cannot stop looking at what your house is worth. this is a company that has made a strategic choice to actually get into the home buying game. they have rolled out this phenomenon in 14 u.s. cities. there is an instant cash offer that you can sell your house and no longer have a broker. this is a real disruptive force. they are not alone in it. we had jason: as you say, it all goes back to that crash we saw 10 years ago. a lot has changed and maybe some things haven't. carol: we have more on this overall story with brett beacon. brett: we are not about to have another crash like we just did. when that happened, you had overbuilding and a lot of great speculative pricing that was not taking the overbuilding into account. that combination does not exist right now. what we actually have at this point is under building.we are under housed in america. that comes to the fact the large builders the last time were all but almost wiped out. the smaller builders, i

zillow, we have a lot of news.ncer raskof who built and ran that company is stepping down at ceo, the original co-founder, rich barton coming in who has a great track record with expedia. in the past was the first ceo of expedia, founder of expedia, founder of zillow, a huge track record when news came back he was coming back to be ceo, that's what took the stock up the issue with zillow, the core business, advertising real estate business is slowing down and slowing down materially, 1 to 3% revenue growth in the march quarter, that's scary. and the company making a big bet on the i buyer market, home flipping market. nobody has proven the economics of that yet. if anybody can make it work, it is rich barton, it is a big swing and risk sort of surprising the stock is up as much as it is. i am skeptical of the move respectful of rich, we're not buyers of the stock, i want to see him bring his magic back to the company before we get constructive on shares. >> in terms of that movie into home flipping, do you think up

you see that reflected in zillow's shares, down 6%. caroline: let's shift gears and check out the trade standoff. the us and china negotiators are hammering out details on memorandums that would work as a final tracheal. -- trade deal. china is set to propose $30 billion more in u.s. agricultural imports as part of the negotiation. let's bring in our next guests. great to have you both joining us. overall, the talks, they are progressing, right? have negative and positive sentiment, but generally, are we working toward some deal? >> i think we have had ups and downs, even today we are hearing , but they will be talking into the evening tonight and continuing those talks tomorrow. some talk of a visit to the oval office tomorrow by xi jinping's special envoy to see president trump. all the signs are pointing towards progress, towards a deal. the big question is, it's a bit like watching the friends of yours you know who have been going out for a long time and asking when are they going to get engaged, and then when is the wedding going

cillo down 8 1/2%, cheryl. -- zillow.t is money and you may get more of it back after all. tax refunds tracking where it was above last year. according to morgan stanley analysis of new treasury data. hillary vaughn is with the latest. >> very good news for americans filing their tax return, announcing rolling in up to this point, new data shows returns are outpacing where they were this same time of year and morgan stanley says, they're still strong consensus that americans are going to get more money back because, because withholdings were also higher, that is one of the side-effects of president trump's tax cuts and jobs act. the tax policy center says on average taxpayers should see the taxes drop over $1600. newest data from the treasury following last week's filing, returns picked up the pace following notably slow start to the tax season. refunds were down8.7% total through february 8th. last week returns coming through ticked up, striking past last years's total at this time. numbers fluctuate as returns trickle i

according to the listing on zillow, the home has two rooms with separate entrances, and yes there isbathroom. the entire lot is close to 23-hundred square-feet, so the buyer could expand. but... just as the listing says, "your dollhouse awaits!" (vicki) and a new report shows home sales are áádown in the bay area. (grant) according to core logic, total home sales declined more than 21-percent in december. joining us now to talk about the decline in the real estate market-- is janine hunt she is the director at large of the oakland berkeley association of relators. new data released today by corelogic shows a total of 5,341 new and existing houses and condominiums were sold in alameda, contra costa, marin, napa, santa clara, san francisco, san mateo, solano and sonoma counties in december 2018. this number is down 13.2 percent month over month from 6,154 sales in november 2018,á and down 21.6 percent year over year from 6,814 sales in december 2017. total december 2018 home sales in the san francisco bay area were the lowest for that month in 11 years, since 5,065 homes were sold in d

according to zillow the median rent in oakland is $3,000 a month or $38,000 a year. that is more than 80% of a starting teacher's salary. abc 7 news reporter amy hollyfield is live for us in oakland this morning. amy. >> hi, jessica. well, the teacher strike is set to start on thursday. we are here at oakland tech high school. these students have been very supportive of their teachers during these contract negotiations. the district officials want students to know that classes will be in session when the strike starts, there will be school and they want them to come to school. the teachers union said the district has not brought them a proposal that meets their salary demands or shrinks class sizes like they have asked so they are going to strike. the mayor of oakland said she's hoping this will be a one-day strike. she says if it's longer than that, she will assert herself into this conflict. principals are encouraging students to come to class saying you can still support teachers and still go to school. >> we are very concerned but we're also urging parents to bri

surprise ceo change at zillow.pparently investors like it because it's up 12%. >>> let's get to the under armour saga. ceo kevin plank has what the journal calls an unusual relationship to an nbc anchor, stephanie ruhle. msnbc, sorry. he takes her advice over the advice of his executives. if you are a shareholder, would you be concerned at under armour and this relationship? >> if i was a shareholder, i would think this would be a new sh show on netflix, if you read through the story. i would not be happy at all. she's like rasputen. she has so much outside influence, she's changing the way things are run inside the firm and has no actual capacity, official capacity, and apparently, apparently this is how he's been doing business for the last 20 years with a lot of outside people having an influence on the company. as a shareholder, i would not like it. personally, i'm a little upset he wasn't inviting me on the plane trips to find out what i think. stephanie beat me out on that one. stuart: careful of that word th

according to zillow, the median rent in oakland is $3,000 a month. a little bit more than that or close to $38,000 a year. that's more than 80% of a starting teachers salary. one of the best ways to stay on top of the oakland teachers strike is through the abc 7 news app. enable push alerts to receive updates. >> former president barrack obama is in oakland and wrapping up the first national convening of his foundations my brother's keeper alliance. right now he is on stage with warrior's star, steph curry. this is an invitation only town hall event before hundreds of young men of color focussing on education, mentoring, and violence prevention. >> you can pull him up on youtube and we used to have everybody from stevie wonder to prince, to beyonce, you name it. it was a pretty good deal. it was almost like your own private concert. very small stage. just a few seats. but they used to rehearse the day before, and they rehearsed in the east room right below where my office was where i was doing work and i would suddenly hear the bass is coming through

. >>> we have a leadership change at zillow. hey, leslie. >> that's right.he post at zillow and founded the company in 2005 and led them as ceo until about 2010 when he was succeeded by spencer rascoff remaining on the board as ceo. this announcement coincided with the company's earnings no clear explanation as to why they're making the management change but you can see there shares down 5.8% back over to you >> okay. leslie, thank you for that thank you, also, to stephanie link for joining us today. >>> up next on the show, nike shares under pressure today after one of its basketball shoes worn by college basketball's biggest stars ripped open during a national televised game we'll discuss whether it's a nightmare for investors and impacts future deals for nike. >>> former indiana governor mitch daniels weighs in on calls for a wealth tax and whether he would consider being howard schultz's running te ineman xt year's presidential election rad. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't

zillow sres are down more than 25% in just the past year, and they were vatile following the news, but closed the regular session up a fraction to $35.04. >>> also after the bell tonights kraft heinzd earnings and revenue estimates. the company said that cost inflation was lower and savings hurt profits. the company also got a subpoena from the s.e.c. over accounting polici procedures. the company also slashed its dividend. shares initially fell more t 10% following that news after falling a fraction during the regular sessiono $48.18. >>> and coca-cola has raised its quarterly dividend for t 57th consecutive year, hiking it a ts penny to 40 cer share. the dividend is payable on april 1st to those who own t shares on march 15th. coke also is planning to buy back 150 million of its own shares. and those shares rose more thand 1.5% to $45.86. >>> and foot locker is also king its quarterly payout by 10%. it's planning to buy back more than $1 billion of its own stock. the athletic apparel company also announced an increase in capital spending this year. sharesdo wer a fraction to 60.01. >

we have some new numbers from zillow that show the number of homes that sold above the asking price, the listing price has dropped. now the beginning of last year, 70% of homes in san jose sold above asking. butn december of last year, that number fell to just 36%. it's a similar situation ingoo . >> got the job growth and really tight housing supply. but fundamentals enhance for that kind of nd o housing press long-term. it was unsustainable. >> so that was last year. what's going to happen this year? data analysts think 2019 will be a slowing year as well for the housing market. >>> well, the south bay skyline is getting an a upgrade. take a look. we're getting a first look at the designs for the new adobe building. the new tower will be added to the company's headquarters already in downtown san jose. 18 stories high, approximately 700,000 square feet with retail on the bottom floor. adobe expects this new tower to be finished in three years. >>> well, for this week, sierra snowstorm and the team needed skis and snowshoes. today's measurement showed the snowpack inaverage. last ye

zillow has crunched the numbers and finds those two cities and the largest surrounding areas are ther sellers in the nation. the median san francisco home value is close to a million dollars. and san jose it's over $1.2 million. it takes about two months to sell a home in those two areas. the most buyer friendly cities in the san francisco survey is oakley and hollister in the san jose study. >>> does it feel like you're paying more at the pump? there is a reason for that. you are. analysts trilby lundburg says the average price for a gallon of regular unleaded is up 10 cents the past few weeks to $2.44. still, that's about 15 cents lower than what it was this time last year. the lowest, $2.03 in baton rouge, louisiana. the highest, $3.38 in, as always, san francisco. the rise in crude oil costs is to blame. >> why is that always expensive? >> always. >> it's not fair. >> it always feels like you're paying a lot at the pump. >> you're right, you're right. >> thanks, michael. >>> we want the turn back to the weather forecast. serious weather here right now and more on the way. >> it l

zillow pop.s of what has investors cheering.rg. ♪ ♪ now for some of the movers on the back of analyst recommendations. first, including downgrading the company to a hold with a 35 dollar price target, citing a significant fourth-quarter miss. of course, the as a record move and record low. lisa: jekyll -- spiking: analysts valuation and improving record growth. and finally, intel ceo turning morgan stanley and to a bold. -- into a bold. saying that a ceo more focused on operations for both its competitiveness and free cash flow. lisa: thank you, caroline. let's get a check on the markets. ending the week in the green. butaq leading the charge, this is what we saw yesterday, yields moving in tandem with the equity markets. pricesfalling -- bond moving in tandem, and zillow surging 23%. and gold up 5/10 of 1%. it is this flight to safety even as you have a flight to risk. hard to square what this narrative is. be digging sog to much deeper into the gold price with a man who knows a lot about it. >> from new york, this is bloomberg

imagine an internet company that owned services comparable to linked in, it eharmony, zillow, and moreare if it was an american company, you would know the name but if you have never heard of recruit holdings, you are not alone. i own a constellation of apps and portals. they have their sights set on attracting the most consumers in the world by 2030. sandra suture, professor at harvard business school joined emily chang to discuss. >> the disco -- the story about recruit starts with the scandal. this is a scandal of massive proportions. 1960ompany was founded in and it was around the mid-1980's of stockave shares that was about to go public in a subsidiary to about 70 government officials and high-ranking officials. news broke in 1988 and it was a sensation. it caused the resignation of the japanese prime minister and his entire cabinet, and brought down another 150 people with them. is in the schoolbooks in japan and when you say recruit they will say scandal. that is how the company had a coming-of-age moment unlike that of most other companies. the first thing you should know about

. ♪ backa: zillow is bringing the chief executive officer as it pursues a plan to buy homes.handing the reins to his active chairman, the cofounded the company in 2005. secured $1 billion in funding. the company, valued at $3.2 billion, plans to use the capital to deepen technology and data capabilities and grow with global infrastructure. emily chang caught up with the ceo to discuss. guest: global trade and international freight boarding are some of the biggest markets in the world, extremely scale driven and the bigger your company is, the more advantages you can provide to your customer base. we felt this level of capital will allow staff of the investments we need. emily: why the investment rather than the other options on the table? guest: we have a lot of options. i was attracted by the ability to go and aggressively expand our business. we need to be in every country in the world. we are working with flexible or and we can help expand and go global. emily: did you way the ethics of "taking stock's money -- taking softbank's money? guest: of course. i want to japan, sp

. ♪ selena: is the low is bringing back its first chief investment zillow is bringing back its firstent officer. the company, now valued at three point $2 billion after the funding round, plans to use the capital to deepen its technology and data capabilities as well as grow its global infrastructure. emily chang caught up with ryan peterson to talk about the news. global trade and international freight courting are some of the biggest markets in the world, extremely scale driven. the bigger your company's, the more advantages you can provide to your customer base -- the bigger your company is. emily: why not some of the other options that were on the table? to thes very attracted opportunity to go and aggressively expand our business globally. we need to be in every single country in the world. our customers are global. the entire premise is he can help you expand and go global. emily: did you weigh the ethics at all of taking softbank's money given the connection to the saudi government? >> we spend a lot of time thinking about it, a lot of time working with the saudi government. i

zillow better known for operating apps that help users buys houses,ow fixes them up, and resells themees providing simple and fast transactions. a new study finds new york city is the best place on the planet for technology. some people in silicon valley might quibble with that but new york ranks first in an index tech heavy cities. amazon may have had the right idea, but politicians did not see it that way. with the tech giant out of the city, one of the -- what are the impacts new york might face? the director of tech n.y.c. which represents the companies and leaders that make up the city's fast-growing city joins us. this? a loss is >> i was definitely in favor of the deal. it's really disappointing. it's a big loss. you are talking tens of thousands of jobs that as of this morning were going to come here and as of right now are not. while we are incredibly disappointed and think this is a huge missed opportunity for the tech ecosystem but much more broadly for the city and even the region, the tech ecosystem is still growing. tech in new york is in really good shape, as you said a

imagine an internet company that owns tech comparable to the following -- linked in, eharmony, zillowhances are if there was an american company with assets like that under one roof, you would know its name. but if you have never heard of it, you are probably not alone. the japanese tech giant owns a compilation of apps, portals and more. attracting the most consumers in the world by 2030. to discuss, we are joined by a professor at harvard business school. she joins us now from cambridge, massachusetts. recruit owns u.s. names like toped, glass door, japan's dining portal for example. give us a little history on this company and how it got to where it is today. sandra: the story about recruit actually really starts with a scandal. this is a scandal of massive proportions. the company was founded in 1960. around the mid-1980's, its ceo gave shares above stock that was about to go public in its subsidiary to about 70 government officials and high-ranking executives. news of this scandal broke in 1988 and it was a sensation. it caused the resignation of the japanese prime minister and h

i don't believe bad boy is advising >> i'm impressed >> let's talk about a shake-up at zillow.he will be replaced by co-founder and former ceo rich barton rascof has served as zillow's ceo for nearly a decade. he will be remaining on the company's board, but there's been a big transition as the company started offering mortgages and other services that's been a little bit of a rough transition the company also posting earnings of 1 cent a share that was in line with expectations also, a beat on revenue. zillow shares initially fell, but now we're trading up by about 12 cents >>> when we come back, nintendo promotes bowser. it could have an impact on the future we'll explain what it means next a programming note for you on monday warren buffett will be answering some of your questions. you can start submitting them on social media platforms that special show starts monday at 6:00 a.m. eastern and it comes after the shareholder's letter that comes out tomorrow you read the letter. if you have questions about anything else that's happening at brookshire, go ahead and send those to

there's a study by the real estate database zillow indicating the red-hot housing market is cooling upast month that in january last year which means people who want to buy house have more choices and they are not competing with somebody other buyers and driving up prices. other reports show a higher portion of homes are sold under the listing price. >>> the higher inventory of homes could mean some people i've given up. there looking elsewhere. redfin says more people in the bay area than ever want to move to another city. online searches job from to 24%. some popular destinations include sacramento, portland, and seattle. >>> seattle had a record amount of snow so get ready for that. it is 6:48. let's check in for a look at traffic. it is a rough one. >> it has been rough this week. this morning, we are doing okay . i mean, a lot of people have taken four days off would you blame them? maybe some people are working from home. traffic is moving along well. look at the a bridge. this is the first we have seen it like this on the commute morning. if you're driving to san francisco, you

according to zillow, home values in lower tax areas have been rising faster than in high tax states likesey and new york where limiting the ability to e deduct high state and local taxes eroded some of the savings from the federal tax reductions. >>> papa john's has a plan to turn itself around with new board members and a big check. the hedge fund starboard value is investing $200 million in the struggling dhan. papa john's also named jeffrey smith as its new chairman. the change could lift them out of a year long slump. sales have fallen takes scrambles to clean up their public relations mess. revenue at north american stores open at least a year fell 10.5% last month. >>> "early start" continues right now. the president's state of the yu union address just hours away, he will appeal to com compromise, but how about l. democrats respond. >>> plus a subpoena related to the president's inaugural committee, prosecutors are probing possible conspiracy and illegal donations from an abroad. >>> and a deal is reached to keep troops in south korea, a major commitment ahead of the next summit w

real estate firm zillow says home values in lower tax areas have been rising faster than other regions. surprise, surprise. one of the biggest wi biggest ws been miami. they are coming from new york, new jersey and illinois where the taxes are sky high. lauren: youtube is under fire for potentially recommending graphic content to minors. gerri: hillary vaughn joins us with more on that. good morning, hillary. >> good morning, lauren and gerri. youtube is in a bit of trouble after its platform's algorithm recommended videos that had graphic images of self harm to young users, some as young as 13 years old. the platform made steps to ban videos showing self harm or suicide but reports show that dozens of videos with this graphic content are still on the site. british authorities are threatening to ban youtube if they can't get a handle on this issue and protect underage users from coming into contact with this graphic content. gerri: you thought the privacy issues were bad. the corn industry coming for bud light. >> yeah, bud light's super bowl comitial blastespecial blasted r using corn

zillow will renovate and resell your property in 90 days.ill come from the free market. they have tentacles all over the place in all real estate markets. so good for them. so good for them. thank you for joining (upbeat music) - [narrator] coming up on trending today, a show dedicated to business leaders and lifestyle innovators. we'll introduce you to reivault, a done-for-you system that helps real estate investors focus on negotiating and closing the deals. travel to karya property management to learn about their unique approach to management services. we'll show you why swann communications is the number one diy home security system company and visit georgia to learn about piedmont pays. it's all coming your way next on trending today. - hello everyone and welcome to trending today.

zillow will renovate and resell your property in 90 days.the answer will come from the free market. they have tentacles all over the place in all real estate markets. so good for them. thank you for joining "bulls and bears." we'll see you next time. [♪] >> we decide to help those who are not getting medical help. help those who are hungry, and hopefully today we can start maybe getting supplied into venezuela so that people are not suffering so much. every country, every people in the world want freedom. they want fair elections. and venezuela should be no different and any election should be monitored. and people should know they are free and fair so they can accept the outcome. liz: that's richard branson talking about

. >> as we head to break, zillow announcing its co-founder has stepped down as ceo.ain. he held that position prior to the company going public zillow shares soorg today after reporting stronger results up is a% we'll be back in just a couple of minutes we see heating breakthroughs clearing the air for billions. at emerson, when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. the first-of-its-kind lexus ux and ux f sport, with the latest safety system standard, best-in-class turn radius and best-in-class mpg. experience amazing at your lexus dealer. >>> the worst performing chip stock this year could be on the verge of a massive rally find out more on tradingnice.cnbc.com more "squawk on the street" coming up. we see engineers simulating the future to improve today. at emerson, when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. >>> welcome back let's get to the cme group in chicago and rick santelli with the santell

according to zillow, the median rent is $3,000 or $38,000 a year.an 80% of a starting teacher's salary. >>> abc news reporter amy hollyfield is live in oakland this morning. amy. >> reporter: jessica, district officials want students to know that schools will be open during the strike and they should come to class. they have that mee demands or decreases class sizes. they are hoping it will be a one-day strike but if longer ah conflict. they are urging students to come to class. the mayor says there is another option. >> the city of oakland worked with teachers union to make spaces available in 15 of our rec centers so families have safe, supportive places to send their kids on thursday without crossing picket lines. >>> schools will hire subs tight teachers to replace teachers on strike, move employees from district office into schools. a district spokesperson said he's hopeful both sides will sit down at the negotiating table and work things out before thursday but the mayor says she will be surprised if thursday's strike is avoided. reporting liv

zillow says home prices in low tax areas are rising faster than in places where the salt deduction limitss trying to turn itself around with new board members and a big check. hedge fund star board is investing $200 million into the struggling pizza chain. jeffrey smith named chairman of the board. last year its founder john resigned after a huge that he used a way shal slur. >> and sales have not recovered. revenue opened at least a year fell 10.5% last month. better ingredients, better pizza, maybe a better board, a better result. we'll be right back. to truck is out there somewhere and we're going to find it. awe man. always look for the grown in idaho seal. breast cancer. we thought that we would travel to cancer treatment centers of america. we left on day one feeling like we're gonna beat this and that feeling is priceless... visit cancercenter.com. and the kids chose... medieval faire. it's only 15 dollars to get in, per person. then you pay to throw an axe, and you pay to ride a fake horse. it's like they think you're made of shillings. hey squire, at least breakfast at hampton wa

according to zillow, the median rent is $3,000 or $38,000 a year.hat's more than 80% of a starting teacher's salary. >> amy hollyfield live in oakland for us this morning. >> reporter: hi, jessica, the school district office says it will send employees from the district office to schools to help out and they will hire substitute teachers. they want parents to know the schools will be open during the strike. the strike is set t start thursday. teachers say the district has not made an offer that meets salary demands or shrinks class sizes as they have asked. the mayor said the city secured space at 15 rec centers whereth the picket line. they will do their best to educate kids during the strike. >> i plan to have instruction on science videos, math, learning agency programs, personalized learning. we have learning pack either. we plan to make sure we use instructional time wisely to make sure children are actually reading, writing, and learning. >> reporter: the mayor is hoping it will be a one-day strike. if it lasts longer than that, she will inser

definitely looking out for the home buyers in the bay area and a study by the online real estate data base zillowis cooling off. 25% more homes for sale last month than in january of last year. this means people are looking to purchase the house and they will have more choices and they are not competing with so many other buyers who are driving up prices. another real estate report shows the higher portion of homes, being sold under the list price. >>> new proposals, two of them giving more financial aid to community college students here in california. one bill went with the financial aid on the total cost of attending college instead of tuition. that means housing costs, food, textbooks, all be included when calculating each student's grant. the second bill would expand the cal grant program to help more low income students. >>> and reports colin kaepernick, the former quarterback for the 49ers had an opportunity to return to the football field albeit not with the national football league. the associated press said the former 49er was not willing to accept an offer to play for the alliance of a

rascoff has served as zillow's ceo for a decade premarket trading up by 6% >>> we are just getting started worldwide exchange coming up next, betting on biotech. the sector seeing some major gains this year, so what could be the next big thing for biotech investors? we'll discuss. and, later, hidden global gems the top three under the radar markets you may want to work into your portfolio. we'll tell you what they are bh worldwide exchange returns after this the ibm cloud. the cloud that proactively protects your business from threats, instead of just reacting to them. that lets you modernize and move more of your apps without re-writing. that unlocks insights from all your data and puts it to work with ai. get a faster, more secure journey to the cloud. the ibm cloud. the cloud for smarter business. ♪ ♪ (danny) after a long day of hard work... ...you have to do more work? every day you're nearly fried to a crisp, professionally! can someone turn on the ac?! no? oh right... ...'cause there isn't any. here- (vo) automatically sort your expenses and save over 40 hours a month. without you, w

. >> the median rent in oakland the more than $3,000, according to zillow, adding up to close to $38,000 a year. that's 81% of a starting teac r teacher's salary. for even the most well paid teachers, it's 45%. >> lyanne melendez is live now with a look at the life of oakland teachers. lyanne? >> union members just finished about five minutes ago, just finished a two-hour meeting going over the logistics of a strike. in the meantime, the oakland unified school district said they are hiring emergency temporary teachers. they will consolidate classrooms and bring administrators to teach. with a teacher strike looming, both the oakland school district and the teachers union have refused to make the first move to discuss the contract. for example, the union wants to see a new proposal in writing before sitting down with the school district. >> what we're saying is we want to see the proposal that the district has. we want to see it. >> the district, on the other hand, says let's sit down first to discuss the offer and then begin to negotiate. >> they want to avoid the strike too. why not com

zillow's revenues have them plateauing at best.y have been posted losses since the adjusted earnings. they are expected to be flat next year. clearly the ceo has a big handed tax -- big handed task. >> let's take a look at microsoft. comments, bullish saying that the risk reward mostle is one of the attractive, if not the most attractive. there are a number of others. valuation. at the trading at a similar discount. microsoft's own valuation range. the shares are trading at a discount at their own valuation on a historic basis. >> it's not just investors in craft. also those who bought into small morethe stock plunging than 50%, close to 60%. $2 billion in market value. this is a company that said it was ending its exclusive relationship with the u.s. post office. to let customers print postage and homes and a discount. company said it was integral to company growth. baffles investors and companies say that earnings will equate it this year. have a deal in order to better compete with rivals like ups, that x and even amazon, they a

zillow is better known for operating asset websites that helps buyers find home. pick among u.s. internet stocks knocking amazon out of the number one stock. an analyst report saying the reason uncertainty over amazon's hq to facility in new york is among the reasons for the change. in company's plans to build long island city are moving forward. alix: thank you so much. with us are experts. michelle meyer, bank of america merrill lynch and neil a richardson. we had a bunch of housing stories come out. what is the story to you right now? nela: it is all about interest rates in the new year. buyers cannot shell off -- selloff like markets can. these rates are drawing people back into the markets. the meantime, if you are going to go rent something you will not get that sweet deal. apparently that is going away in new york good michelle: -- in new york. michelle: that is all relative. it is a regional story. new york had a bit of an excess supply. you saw more of a compression in generally speaking , when you are thinking about homebuying, it is the level of interes

. >> a study by the online real estate database zillow indicates are market is going up. compare two january of last year, this means people looking to purchase a house actually have more choices, and they're not competing with 70 drivers driving our prices. our real estate report is a higher number of homes are being sold on drafting price. >>> the higher inventory of homes could mean people are giving up and looking elsewhere. the real estate brokerage redfin says more people in the bay area than ever before are looking too moved one other city. online searches jumped from 19 to 24%. popular destinations outside the bay area include sacramento, portland, and seattle. >>> just 90 seconds ago, and were going back to sal. he's gonna bring us an update on the commute. >> it's going to be different than it has the first four days a week. it's noticeably lighter out there. however, this is the friday before the holiday, and some people will be going away later. let's go off two take a look at interstate-880. 80 is closed from colfax two the nevada state light in the sierra. i

the real estate firm zillow says home values in lower tax areas have been rising faster than other partsjersey, and illinois, from the high tax states. in a few hours from now, patriots fans will celebrate their team's sixth super bowl win. i guess it just doesn't get old. boston will fire up the duck boats at 11:00 a.m. to carry the team downtown. more than a million fans are expected. the patriots are going to need an update to their plane, by the way. the team tweeted out this image. it shows five championship trophies. you can see them on the plane's tail. they've got to figure out a way to add number six i guess. then there's this. tom brady and julian edelman traveled to a galaxy far, far away, dueling with lin light ass at the star wars park in florida. maria: i love this story about the taxes and how people are leaving high tax states. i know there's a piece about andrew cuomo in the of post today, dagen. what's your take on this? we knew this was going to happen, money is mobile. it will go where it's treated best. dagen: no state income tax in florida and because the cap on $10