p. e. deals are terrible you know like dunkin donuts was taken over by p. e. and they've expanded the mole skin franchise was taken over i think burger king those are now in the hands of private equity so you know but most for the most part they extract the equity they extract and they leave the company to collapse all the jobs go missing is part of the repay shows all sure hyper squat unquote capitalist cancer that plagues america yeah but remember we discussed in the last episode the fact that the central banks and our governments continuously give these sort of guys all the capital of the free capital in order to repair the economy when what they end up doing over and over and over and over and over and over is this they just extract equity take hundreds of millions of dollars for themselves by another you know penthouse on park avenue and another place in the hamptons and another yacht perhaps they park over in larchmont or merrimack or somewhere like that and that's what they do that's what they they don't build anything they don't add jobs they don't add

p. e. deals are terrible you know like dunkin donuts was taken over by p. e. and they've expanded the mole skin franchise was taken over i think burger king those are now in the hands of private equity so you know but most for the most part they extract the equity they extract cash and they leave the company to collapse all the jobs go missing this part of the repay shows old hyper squat unquote capitalist cancer that plagues america yeah but remember we discussed in the last episode the fact that the central banks and our governments continuously give these sort of guys all the capital of the free capital in order to repair the economy when what they end up doing over and over and over and over and over and over is this they just extract equity take hundreds of millions of dollars for themselves by another you know penthouse on park avenue and another place in the hamptons and another yacht perhaps they park over in larchmont or mamaroneck or somewhere like that and that's what they do that's what they they don't build anything they don't add jobs they don't

dealing with those problems for years to come. the city says the lawsuit could also compel p-g-and-e to implement new safety measures.he lawsuit and are focused on doing everything they can to help these communities rebuild and recover. ( darya ) coming up in the next hour... they're out the cave and out of the hospital. now... a thai youth soccer team is returning to a normal life. ( darya ) and after the break... water quality in the san francisco bay is improving... but now... we could be seeing a new type of threat. ( john ) and i am tracking your bay area forecast. slam is just $5.99! ♪$5.99 are you out of your mind?♪ seriously?! yup! eggs. hash browns. bacon. sausage. and buttermilk pancakes! ♪$5.99 are you out of your mind?♪ we're out of our minds. denny's new! super slam. only $5.99! excessive heat will continue for inland parts of the state today while the coast remains right on par with average thanks to cool marine air pushing onshore. along the water highs won't move too much, staying in the 60's and 70's. tonight into tomorrow isolated monsoonal thunderstorms will pop up across the region with most not r

dealing with those problems for years to come. the city says the lawsuit could also compel p-g-and-e to implement new safety measures.ays they are reviewing the lawsuit and are focused on doing everything they can to help these communities rebuild and recover. ( james ) the california supreme court is blocking a measure to divide the state into three different states from appearing on the november ballot. the justices ordered the secretary of state not to put the initiative before voters. they say there are significant questions about the plan's validity. an environmentagroup had argued the measure would have created chaos and not solved any of the state's problems. ( james ) all california voters will soon be able to send their mail-in ballots... for free. governor jerry brown signed the bill requiring return ballot envelops to come with prepaid postage. the law will affect elections ánext year. counties woud bear the postage cost. but they may be reimbursed by the state. ( james ) still ahead on the kron 4 morning news... mark zuckerberg allows holocaust deniers to continue to use facebook. ( james ) plus... a cali

p sunday. orutry o shorre. l relelativelyrerehey' as yeah. >> it's uieeleavathbl e. the ay!yne and temperatures in aere mi n cot sprinkle or be haower that pops a somer newhat we've been dealing with the last several days. 73 now reagan nioatnal. 71 up in baltimore atwi b north and west because with all the rain we've had and the temperatures falling back into theg 60's mornind west you ad anothnger hour and out there culpeper, martinsburg have been a quarter mile or less. . in ngeo neighb, orhood ae nd'r we'll ben tis afternoon. n?tt, p it dllet y. cn >> lethargic andotlugg going gee coffeo about it. leftoverther problsro f mh conditions still closingannvruiltlle.d avoid th ad rountdon' higay at sun dale road is closed. red line impacted between septber 3rd. brookland and rhode island station. now as we move things overlook at that nasty crash scene trfic ri tow cleared. ergtwrycr aorngoss ride on o tt. we are up to a 75 y that is an houan math. nokill laughing matter. that traffic really stinks. i'm sorry if it.'rou ye back to you. >> news overseas this morning. in china someo set off a e s.u. embassy in beijing bout 1:00 a.m. our ahaen time, car damaged. chinese police say

explain the iranian position on the j c p o e in the aftermath of the american of its drone and from what i know iran has so far insisted that it will stay within the deal if the europeans do enough. to make a palatable for your country have they been efficient supply have they offered and often centive to your country to continue complying with the ori we. very close cooperation the russia or foreign minister. is in close contact you still know rove and recently they had this meeting in vienna and they were very corporate. and all sure the european countries are trying to remain. the we've worked. the you should compensate worked. we have loss after the need to know all. of the united states illegally from diesel mean i'm sure you follow the latest results of the nato summit in brussels and it's shocked many russians i have to tell you by the way mr trump treated his american partners do you think this if he continues on that path relating to the europeans in that way do you think it would be easier for iran to get what if iran wants from the europeans because you said before in previous interviews that there is no unity on the iranian question but in

what we have done recently and those are the last two deals, we bought a big global portfolio of $2.7 billion with two partners. this is a global e&p hundred 70,000 barrels of production a day. in england, norway, holland, and norway. we think it is a good time to invest in energy. energy is still cheap if we compare its other sectors. david: one of the thing that makes oil so interesting is it tends to be located in countries that are not stable. america,move off north have you account for geopolitical risk? there might be very attractive oil reserves, but who knows what is going to happen with the government? >> most of our investments are in the oecd. it is a relatively small part. we look at distributions. lots of countries where we will not invest. if you look at the breakeven prices for the properties we invest in, it is on opec's level around $12. it is a very robust or folio. very low breakeven prices. alix: does the private equity world make up for that? iswhen you think about what driving the gap, it is a lack of x u.s.ent in non-opec question is you have to ask is shale and the low-cost reducers, -- producers. term,d arg

keep waking people up and making them aware of another pge backdoor deal that will get them off the hook one more time".>( darya ) p-g-and-eonsibility. if some sort of agreement is reached a vote must come before the end of august. ( terisa ) a santa rosa winery is slowly getting back on its feet... after october's wildfire destroyed its tasting room and much of its property. this is the paradise ridge winery's sculpture garden. not a single piece of artwork was burned in the fire. the sculpture garden is now open to the public on weekend afternoons. it will remain open through october. that's when the rest of the winery will begin rebuilding. <"there's up and downs. it's kind of a rollercoaster ride but you have to stay postive and keep moving forward." "there was nothing that could be done what was going to happen with the fires.">( terisa ) paradise ridge lost most of its buildings. but the vineyards survived. the winery hopes to start tastings again this fall. ( darya ) now to bay area baseball... the giants taking on the cubs at a-t-and-t park. this game would go extra innings as the giants pul off the dramatic victor