Mobility t in 2008 and 09, matt kaywood spent many grad School Nights in a san franc rco labearching a. I. And neuroscience. But getting home meant guesswork. Which of several buses might show upfirst . That type of information was nol yety available. When they first producedre time live information, i my problem, id nave to solve wait out in the fog again. But the problem was there wasnt a singlet place to get all. Reporter in his free time, kaywood began developing a platform to get it all. Buses, rails, car Services Like scooters too. , bikes and in 2013, he was working inc. Washington, hen he took a prototype to a mentoring group for entrepreneurs. And thats where he m ryan croft, a Tour Company Owner whoseen travels had t him to 50 countries and 100 cities. They all had poor traffic. Information is king. At the time they need it, they n make an informed decision. Reporter they started bootssrapping a busi transit screen. Along the way a former u. S. Resident took notice at a startup incubator. In 2015, transit screen went live, sharing information at first from San Francisco and the d. C. Area. Were driving them customers, wee givinghem a better experience. In return, they dont charge us, we dont charge rthem. Orter now transit screen digests more than 2,000 feeds from 60 cities around the world. How often are trains coming . Are there ubers and bike shares in the proximity of that buil . If its coming in four minutes maybe i walk there. If its longer, maybe i stop and grabcoffee. Reporter who pays for their service . Everybody seems tose em. Reporter Real Estate Developers and leasing agents like tristan. About location, location, l location. Transit screen wont say what they char only that its usually a few hundred dollars per month per screen, and theyre in roughly 1,500os buildings a the country. Definitely a major selling point as im taking people to look atdi the bu. Theyre always like, oh, wow, thats super, super useful. Reporter theres also an app r that called city motion. This year a new revenue stream. Many Big Companies provide huemployee sle services. Some are paying to help their employeete choose a r thats right for them. Its an amenity for employees, but its also kcessity for companies. We justt hearing the story over and over again about the pain of turnover. Were right onop of a metro station ourselves here. Why . Because we wanto t be clo our employees. Reporter lots of those b companies are multinationals. So transit screen already on track to bring in between 4 million and 8 million in sales in 2019 is planningo expand into 14 european cities beginning later this year. For kaywood and croft, time really is money. Its a very scaleable business. s an endless ocean of companies out there. Were just now sort of in the first inning or two of this long game. Reporter atransportation becomes more data driven, the company is working to get transit systems on tame page when it comes to data formats. That way the informaon can get to the rest of us more smoothly. Now t something most americans can say they identify with. That would be home renovations. Can be a painful process sometimes. But two entrepreneurs hope to make it a little less so by giving both homeowners and builders a onestop shop f d materials,esign, and construction. Te rep the thought of home renovation makes most of us wince. The order of the day, cautious pessism. Theoke is that neither of us would renovate even if we could afford to. We thought of rovation as an insane in a poor way, experience for folks. Eporter trying toimplify the renovation process might sound even more in. But luke sherwin and coda wong are trying. Their digit platform, block, aims to improve confidence for both owners and builders when it convenience. Lity, cost, and these are before and afters. Reporter focusg on bathrooms since launching in december of 2018, block has completed almost 100 jobs in apartments and singlefamily homes in new yorcity and new jersey. They sayblocks i average cost slightly below remodeling magazines midrange average, about 28,000 in the new york area for an existing 5 by 7 room. Io the nl average, about 20,000. We find a lot of people are sort of paralyzed by how many thousand combinations are out there. Reporter by limiting its range of products, block knows what it needs and it can negotiate prices for tubs and faucets, vanities and the like. We create a 3d model. Reporter it also streamlines the design process. Would probably t five, six gn versus doing it using the products in the catalog, takes about an hour. Itasically is an efficiency on every single step of the renovation process. Reporter sherwing and w say efficiencies are gained in the construction phase too. Block vets and hires its own builders. Their guys are showing up and everything is ready for them to install. Because block acquire the customer, youre eliminang this dance that renovators have to do. Reporter instead of the dance, the dreaded building accept lowerees by making rs to their jobs easier. They dont like to do marketing on instagra they dont like to do all the Little Billing and adminithrative work. Dont like to be sending out 20 proposals and hoping to win reporter they do like to build, though. Werwin andg believe dangling a carrot, a pipeline of future projects, eliminates a builders greatest fear, finding the next. You dont have to go to the customer, you don have to call them and say, what about this, what about that, sizes, specs,. Finish its streamlined. So i could potentially set up a crew ando multiple jobs at once. Reporter hisoup to nuts bathroomat renovn in new york city took less than a month, onethird of the national average, and cost about 30,000, just above thege new york ave for a midrange project, including some custom pmbing anddetailing. Sherwin and wong are already testing the block model on kitchen projects, and theyre working to expand beyond the new york area. If this works, and it works at scale, then both the homeowner and the contractor should befit. Reporter even though sherwin and wong havent actually a renovatething themselves, both had a hand in previous sherwin at the Mattress Company casp, and wong in fashion at rent the runway. When speaking of fashion we often think ore womens ap but its the mens fashion industry that is growing quickly. Not necessarily for business suits but rather for streetwear. Thats why a eam of entrepreneurs created an online marketplace focused on men. Arum gupta found a taste for fashion in college at yale. There was one problem i could afford any of it, its crazy expensive. Reporter dupe that found that guys,yep, guys were talking fashion online, occasionally making deals on used, hard to find items. Holy grails to some. Heyreree years ago, nows came imssible to find anywhere, so thats my grail,asically. Reporter by 2013, sites were selling cars, furniture, even womens fashion. Gans fashion was fashionably la to the. I was like, look this secondary market tng is going to be huge, i wan to get in on this situation. Reporter up built a site and began convincing folks in chat rooms to use it. By 2014, julian conner, a softre specialist, along with jake metzger, whos since moved on, teamed with gupta to cofound grailed. It boasts almost 4 million users per month. Conner used early versions of the site and still s today. Re i really like avantgarde fashion. Theacket and shirt are both from an americanborn designe that now lives in paris, rick aun. Repter grail collects a 6 fe on each transaction, an unit. Price o about 150 per highend items can get the rare arten trea selling for tens of thousands. Prada dress shoes 123. Reporter sometimes vintage goods provide a surprise. Olling stones shirt from the 9495 steal, 50 bucks, awesom reporte meticulous curation dictated intoart by cusr demand has built a mystique. Super iconic designer, the red sleeve, the whole thing. If you saw the latest first star warsmo vie, c3po has a red arm whi may or may not be influenc by thijacket. Reporter some g sold, others getiv ared. You remember steve jobs black turtlenecks . This is the guy who designed all his turtlenecks. Reporter celebrities will sometimes borrow items to shoot magazine covers. Musicians have worn their pieces on stage. This is rap simmons. Its based off the new order album art r,power corruption lies. Details are hand painted. Its interesting to see how fashion iuc just as mh a hobby for guys as snyrts orthing se. Reporter gq writer cam wolf. Youave to be well versed in archive pieces and grailed has helped educate that s andve that consumer. Reporter an increasingl stylish consumer lking for a deal on highend, secondhand stuff. Al the proposition we prove is so salient to many, where i dont think weve had this sameof sor growth challenge that other businesses have had. It all starts with alking to thnsumer, understanding what it is exactly that they want. Grailed is constantly expanding its reach. What started with about 100 items now has almost 2 million piecesal listed for from around the world. Two years ago it launched a sister site which focuses on womens clothi. Still ahead, an investigation into a b tzen crimhats hurting retailers profits. Now to an todepth on stealing. Its not a new crime, of course. But it i becoming more and more expensive for retailers. In fact, retail crime losses are at an alltime high right now, federation. O the National Retail just last week home depot said that its profits were hurt by shrink. That is the industry code word for theft, among other things. So the companyave us exclusive access to see how it fight a neverending battle against ealing. Urtney reagan has our investigation. Grab and go. Reporter you watching brazenai r theft. The suspects are so sure they wont get caught tha some even get aggressive when stopped, as this Surveillance Video from home depot shows most likely these people arent shoplifters or people who steem for their own use. Instead, its a bigger problem known as organized retail crime. Crimins working together to steal for home depots jamie bornein stigates the theft. It starts with boosters. A booster is somebody that is basically a professional shoplier doing it for profit, not just for personal use. Reporter are they gust sing what items are in demand . Do they know it fmhistory . I know i canl a lot ofil . There are many locations out there that are giving lists to the boosters. Reporter giving lists . Theyre part of the crime too, solutely. Reporter one of those locations this pawn shop. The manager was charged withg sellin stolen property. The case is ongoing. Our next stop, this raid. Police, search orrran repr borne and his team help wmen law enfor served a search warrant on this utah home. When we do search warrants with Law Enforcement, we can t providem the value of the merchandise. Reporter the suspect allegedly sold stolen power drills and other tools on he was arrested. Law enforcement szed a palet ed full of items fromhe home. They were brought to this warehouse. It may look like home depot but this is an evidence room. Side is over 1 million worth of stolen products seized from a raid of seven pawn shops. Well see on the inside of a pawn shop theyll say, lowes and home depot price 129. 99. Our price ep 79. 99. Ter chris walden is a special agent with the Utah Attorney gerals fice. How is it secondhand merchants a selling for less than what a big box retailer h likee depot or lowes can buy that product for . Reporter they found the answer in st. Sell them, pn them . Sell them. Reporter this is undercover video of Law Enforcement selling items that seem stolen to those pawn shops. The case led to a new that makes it harder for pawn shops to buy unopened product. Since we passed the new law, it seems like its getting a little better. Weve seen a shift to ecommerce. Reporter just like the power tools we s confiscateduring the raid. Here they were for sale on facebook. Is it a game of whack a mole . Fix it here, they pop up somewhere necessarily. Certainly. We o relythe retailers. If the retailers say, weve done this preliminary investigation t and we this is a good case, its something werein willto look at. Reporter organized retail crime isrowing and costs he industry nearly 800,000 per 1 billion in sales. Home depot said i profit took a hit in the last three quarters because of higher shrinks or ss of goods which includes organized retail crime. Whi we dont comment on our particular numbers, we are seeing shrinkage ratesro rise the country. Reporter scott glen is in charge of Asset Protection for home depot. Organiz retail crime drives other crimes, drugs, guns, human trafficking. The opioid and drug epidemic is a piece of it. When were dealing with people who may have n regard for injuring people, people dealing with no regard for their own safety we dont engage with those folks. Reporter is thathy you think the criminal activity may be continuing at home depot in get riminals know, ian away with this . I think criminal activity is happening in every retaileer day across the country, its not exclusive to us. Reporter why should consumers care this is happening . Isnt home depot big enough to absorb this issue . We have been very good about not raising prices as a result of our shrink equation, but if it gets to a pointan wet continue to do business this way, ultimately well have to pass it alr g. Reporor nightly business report, Courtney Reagan in salt lake city, utah. Undergoes a renaissance. Th we report a lotbout real estate trends. After all, our homes are onef r most valuable assets. But a curious thing is taking shape in the maet. Affordability has long been an issue for those looking to buy o. Now the same is true for those who want to rent singlefamy homes because demand is hotter than ever. Diana olick explains. Reporter anyone out shopping for an entrylel home knows the prices are high and t pickings are slim. Now the same is holding true for rentals. As more americans find itff harr tod a home, rental demand is soaring, especially for singlefamily homes. Kimberly cestari is both a Real Estate Agent and a landlord and shes seen the d. C. Renel market toff. I think its more a millennial thing. For the higher prices on the singlefamily detached homes. They may have tried a condo, now they want outdoor space and they have the disposable income to use it. Reporter the supply of rental homes is sa ringing nationally. Third quarts of t year, singlefamily vacancies were 6. 8 , down from 7. 1 one year ago. Supply is much lower on the low end. So rent prices there are increasing most, up 4 annually in september. Higherend rents were up less. In the hottest market, like phoenix, las vegas, and seattle, rents are soaring. Rents a not gdown. I have seen consistent growth year after year. And singlefamily markets in particular. People wt that experience of having a yard, having enough bedrooms and baths. Ive seen increases consistent every year. Reporter the number of singlefamily homesrvailable less than 1250 per month has dropped 40 since 2013 according to capital economics. All this despite the fact that the singlefamily rental market ballooned during the foreclosure markets. Investors bought thousands of distressed homes, growing the ntal supply b 38 between 2012 and 2016. Most thought as the Housing Market recovered investors would sell their properties for a nice profit and call it a day, but the rental income now i just too lucrative. So even more investors are buying more properties. For nightly business report, im diana olick inwashington. From housing to cars and the rush to go electric. Ford is going allout. The automaker is attaching its iconic mustang brand to its will it the horsepower and the appeal to be a game changer for the phautomaker . Il lebeau is in los angeles toni reporte this is no pony car but it is the all new, all v, electric the mustang mach e, a name fords chaman resisted when his team first approached him about calling it aan mu they werent very happy with my response. But the product kept evolving. Both the performance of it and to the point where, you know, there was a point where i finally realized, whoa, this is an amazing vehicle, and yes, its worthy of the mustang teny. Repor with a range up to 300 miles fully charged, and 47 miles after 10minute quick ch ge, ford believes the mach e has the power to energize its dismal electric car progm. In the u. S. , tesla dominates ev sales. Gm,nissan, and vw share much of ford hasnt sold a single Pure Electric car this year. The truth is electric models like the chevy bolt and nissan leaf t lackhe style and appeal of teslas. While other recently introduced electric models have also faid connect with buyers. Which is why many are wondering if the mach e, with a more gressive look and plenty of power, will finally be the ev that challenges tesla. I think the evegment has needed a shakeup. I think teslas proved that people want utility, they want an environmentally friendly car, but they also want something with a lot ofdesign. Fot has proved tha you can do this at a pretty affordable price por t. Reporill mustang fans care that this electric suv bears little resemblance to the pony car . Mae. But ford needs all the horses in its stable to remind americans it does more than sell pickup trucks. The heart of the company is on trial here. Because we have to get this right. Because our mtang Share Performance just keeps Getting Better and better. Were now the number o srts car in the world with mustang. Andmp this wastant not to disrupt the state of that. Reporter the mach e rolls out late next year with a base price starting at about 44,000. Competitiveith teslas new model y, a crossover utility evehicle which isected to start selling in the mid 40,000 range. The ev race is starting to heat up. Phil lebeau, nightly business l report, los a and from los angeles now to huntsville, alabama, which is seeing a renssance thanks the aerospace and defense industry. An morg brennan took a trip therege to see the rese for herself. City, usa. R its called home to one of the highest concentrations of engineers per capi capita, an educational system teachi s. T. E. M. In elementary, and ties to defense. We have ties inlegacy. Aerospace, we work hard to maintain that. 40 Aerospace Companies in our market, so very rich concentration of tnd a lot of expansion. Reporter the emergence of commercial space is hping to propel it. Jeff bezos is building a 200 million rocket engine factory in huntsville andas taken over a historic test stand, nasas marshall spaceflig center once used for saturn flight rockets that launched apollo rockets to the moon. A receptaclef talent there decades in bu