further, the plan recommends they coordinate withfha and fannie mae -- with fha and fannie mae. to assure an efficient and foropriate federal role housing. treasury is not recommending a reduction in support for underserved borrowers. treasury is recommending a more effective means of delivering support. i look forward to our conversation here today, one that i hope will continue after this hearing. we welcome your thoughts and suggestions to address challenges of underserved borrowers and renters. preferencetration's is to work with congress to enact comprehensive housing finance regulation. legislation could achieve lasting structural reform, competitive advantages over private sector. at the same time, we believe reform should proceed -- precede legislation. i am proud of the work we have done to create conditions for greater economic growth, better opportunities for families, and -- i hope both committees work with us on passing legislation. thank you. i am pleased to answer any questions. rep. waters: thank you, secretary carson. dr. carson: thank you for the opportunity to

what is the source of income for fannie and freddie? >> primarily g fees with some modest portfolio earnings so they engage in portfolio activitie activities. they'll sell that, buy assets. >> mr. carson. >> our money comes from the financial activity, the loans that are made. the fees. >> so if you have to increase your capital, your ability, especially in this position here then mr. carson as well, have to increase your position to absorb losses, 500-1, in my world when i was a banker, as a examiner. this can't happen. but so how do you, if you're only revenue source g fees are loan fees, it would seem you have to raise those fees in order to be able to handle additional reserves. is that correct? >> i just going to say of the entire market, fha is not 50%. it's like 14, 15, 16%. >> okay. my question. you're going of to raise g fees to raise your capital? >> we have been setting fees to shadow the amount of capital. >> thank you. >> the gentlemen from illinois is recognized for five minutes. >> thank you. i'd like to actually pick up

even fannie and freddie have first amendment rights.i want to make sure we respect this. >> i yield back. >> the gentlewoman from north carolina mrs. adams is recognized for five minutes. >> thank you madame chair and thank you gentlemen for being here today. first-time homebuyers that traditionally have been the driving force in the housing market they traditionally lie on low down payment mortgages to purchase their homes. in fact over the past several years nearly 80% of first-time homebuyers with mortgages purchased on using low down payment products. can you speak to how the fh fa will ensure borrowers continue to have access to affordable payment options. >> we will certainly continue to make sure that they are sustainable and when we get people into homeownership they are there to stay and i think down payments are part of the question as is dti, fica and we want to make sure we get them to stay and that's what we will trying to do. >> thank you for the commitment and for each of you if you could answer yes or no it will be helpf

he can start the process of releasing fannie and freddie from government control without them. in washington, i'm just eaten or. breaking news now bart has stopped service in the transbay tube due to an equipment problem on the track there is no train service between. >>san francisco and the east bay oakland fire saying sparks were seen we don't know exactly what that means or what exactly happened. but ac transit is trying to help alleviate some of the congestion obviously an issue when the transbay tube is not functioning, especially this time of day. ac transit as buses that are going from the transbay terminal to 20th and broadway in oakland. we're working this story and will continue to try to find more information what went wrong and when service will be back to normal kron 4 dot com is a great way to stay connected. neustar facility. member of the explosion and. last week we'll tell you if any high levels of toxic substances were released into the air. >>and governor newsom is issuing an inquiry into those sky-high gas prices next at 5.30 we'll have local reaction. >>the

growing concerns right now that the trump treasury department has announced that they will allow fannie and freddie to keep more of their profits so walk us through this new policy and what this means for the housing finance department and the u.s. . well what it's going to mean is that there's going to be more i believe a perceived difficulty in the financial market with the obligations pertaining to freddie mae and fannie mack and the situation is they also issue bonds they also issue other types of securities which are bought by large institutions and investors and they've always enjoyed a certain guarantee by the fact that they were issued by. a federal agency or a federal agency that was at least simply. that lee associated with the government when you start removing that and start privatizing it then what's going to happen is the rating agencies such as moody's and s. and p. will come in and basically rate these obligations based on their overall credit worthiness and if we see a decline in that then we're going to see a decline in their overall value and also how interested inves

reporter: they did talk about freddie may and fannie mack. they need congressional action.asury secretary or group actually told them, in the current state of freddie may, fannie mack would fail again, i talked with former commerce secretary under obama administration. he on capitol hill, trying to get usmcarca passed before christmas. >> we urge all sides, working group appointed by the speaker and the u.s. trade representative office to conclude, nail down the issues, as soon as possible to bring it up for a vote. reporter: gary lock there, ambassador former ambassador is on capitol hill trying to get those democrats to pass the usmca . elizabeth: thank youe edward, battle of vice president, pence duking it out with joe biden over jobs in a swing state that moody's analytics said it the key state to watch for who wins 2020. we bring in dennis gart gartman. the state is pennsylvania. is job growth the president's best case with voters? >> no question, the job growth is probably number one. stock market prob probably twod economy is three. if we think we'll bring enormous n

the bottom of the fannies at the last dragon those words called the home. depot we were on. i was here when i arrived here i slept with 6 people in a room for june 9th and. it was hard i was fair. i even got white hair and. the language never got this gets me and they go but you need to interact with something you want to know their story like that's her fighting in for a little information for migrants. fridges that know was at the door talking losses and robust that mow the lawn on their own smart devices are meant to make our lives easier but they also gathering all private data the internet of things the smart but how secure is it i want topics today on shift. i old see all the internet all things is a network of devices that can communicate by a built in mini computer smart heat of for example has integrated sensors. that money to and regulate room temperature that can save heating costs of vacuum cleaners that operate independently can save us time boys or systems always have an open it for us and can even tell other devices what we want by the way what do you think al

the fannies at the last dragon is worth. 3. degrees books on. welcome to the book is the getting here for detail to try to talk about. this coverage. 3 more for. us while we have time let's have a look at some of the other matches around you still shaking in that group who could breathe a sigh of relief so you don't want. to just go with. g.w. . the trade dispute between the u.s. and europe reaches new heights the world trade organization towards washington the right to hit brussels with tariffs for subsidizing a bus to uganda tries to keep the oil industry's hopes alive but a new pipeline project is up in the air. and sniffing out dodgy business turns through man's best friend to reinforce its fight against money going to. bed facility that's your business. the u.s. has the go ahead to put tariffs on 7 of the half $1000000000.00 worth of e.u. goods that's the decision of the world trade organization the penalty based on its ruling that the european union pay the legal subsidies to european playmaker bus american rival boeing could avoid tariffs

the bottom of the fannies at the last. 2 years. on. the new training. innovation and education. but this is one game we can't afford to lose the world food program fights and a worldwide helping people help themselves my goal is 0 anger. this is the news africa coming up on the program to live or to die that is the question sounds like an easy decision to me but what if there is the lack of doctors all health facilities to kill you ghana's health minister eyes we have to talk about the situation in his country to increase the number of me to place an increasing number of mrs inductees issues of peace i mean publishing is significantly increased at the moment. also coming up he draws motivation from his mask from his surroundings from his own 1st breaths as a baby we hear from the young artist who's developed his own technique and if the sally. micah journey are here welcome to the program we start with gotta a country where access to health care remains a challenge for many especially in rural areas the lack of doctors and nurses a lack of medical facilities the local funding fo

at the bottom of the fannies at the nasa dragon as we're called to her through. the debris of books on. entering the conflict zone with tim sebastian. i'll be challenging those in power asking tough questions demanding. as conflicts intensify i'll be meeting with key players on the ground in the sensors and. cutting through the rhetoric holding the powerful to account past the conflict . conflict zone with tim sebastian on g.w. . the international monetary fund has kept its outlook for the wealthy economy the i.m.f. says the situation is precarious with no room for policy mistakes also coming up with some beacons to the poles and hopes they can benefit from the country's vast wealth of natural resources. and president trump threatens to destroy the turkish economy over andras offensive in northern syria. but counted out the business when it came jones and the language to have you with us now the voters in mozambique today cost their ballots in presidential parliamentary and provincial elections although it is one of the poorest countries in the world was and beca

running to the feds to stay afloat president bush today defended the decision to bail out citigroup fannie mae and freddie macas in the bush today defended the decision to bail out citigroup fannie mae and freddie macin asked for a total of being $1000000.00 more to sail out could get much bigger and ask for a total f. being $1000000.00 more to sail out could get much bigger the billing even in troubles for the u.s. economy. the billing even in troubles for the u.s. economy. and they're building up to the next room. and they're building up the next term. b. each time the. beach time the taxpayer is called on to bail out of those who created the crisis increasingly taxpayers called on to bail out those who created the crisis increasingly the major financial instability to be made bigger and beneficial insects to tattoo should listen to us to come on a in a capitalist economy you would do that but you would listen to this to me that it would work but energy in the testers elucidates to him that would wipe out the investors who made risky scheme investments and. but there was a rich rich and

vonnie: the treasury and the fsh essay announced sunday may and -- fannie mae and freddie mac will be to boost their capital to $25 billion to protect against potential losses. this is a key step in the trump administration's push to free the mortgage giants. how much of a sigh of relief will hedge funds be breathing today and what is the path forward? >> it is an important step farther hedge funds, because as long as what was known as the net worth sweep was in place, they were never going to get their hands on the money that was the prophet, the massive billions of dollars in profits fannie and freddie were making. it's all been required to go to the treasury. every quarterly profit the companies make since 2012, they've been required to send to -- send that money to the treasury. hedge funds understand these companies need more capital. in their current state, they're in no position to be able to endure losses. but the hedge funds would like some of the company's profits, the argument being that we are big shareholders and these companies, we should be getting the dividends, not th

tim is a former ceo of fannie mae.pping up news conference with italian president. eamon javers is there. >> kelly, we just had a fascinating moment in the east room with the president of italy and president of the united states side by side on the stage here behind me the president of italy was talking about a tariff war between the united states and the european union he said nobody would win that all sides would be harmed then president trump sort of interrupted him or responded to him by saying, no, in fact, the united states can't lose any tariff war between the european union and the united states. simply because the balance of trade is such that the united states will have more to tax than the european union will have to tax. the president of italy simply not responding to that but the president here of the united states very aggressive on this idea that the united states simply can't lose a tariff war between the two economic powerho es here. also, on turkey, the president was asked if anything that president e

you can only bring in clear bags and back tacks or small purses or fannie packs. you can't bring large bags or coolers inside. we'll have more details coming up in a live report at 5:00. >>> fleet week gets under way this sunday in san francisco. the annual event draws hundreds of thousands of people to check out the ships and the aerial shows. as always the star attraction will be the blue angels. they won't perform until next weekend. city officials are reminding people to be prepared for the crowds, particularly along the waterfront. >>> encrypted text messages are at the center of the impeachment battle as president trump remains defiant. >>> san francisco district attorney george gascon is resigning and will not finish out his final term. he's reportedly eyeing a new job. >>> and more uber users can take a helicopter to the airport. critics say it's not worth the extra money.it might be if you to get there and you like to be exclusive and be like look at you down there in those cars. i'm in the helicopter. what do you think? >> you got the right attitude. if

consumer sentiment in housing fell in september from its august high according to a monthly survey from fannie mae. why? well, because more americans said they are concerned about losing their jobs. that was the secondastraight month that componentf this rvey rose. this as mortgage rates now sit at the lowest level in over a month and are significantly lower than they were a year ago. the average rate on the 30 year fixed mortgage is around 3.64%. that means that about 21% of the national median income is required to make the monthly principle and interest payments on the average price home. this is the second best affordability rate in nearly two years. it also adds about $46,000 in purchasing power. that's boosting home sales and mortgage refinances as current homeowners take advantage of potential savings. >> i'd say most of the folks out there today should think about getting a refinance because these rates a now at historic lows. and, in fact, we're actually seeing the purchase market pick up. september was a very, very strong month for us from a purchase perspective. i think interest rat

about a missing fanny's at the last dragon this word has called the hard truth. to agree books on. politics and deep learning merged reality wait a 2nd we want the whole picture out facts instead of make ideas shift deliver us. from a measure to reality to cryptocurrency to your topics for live in an ever changing digital world let's talk digitalisation. shift. on t w. 0 information silence it's whole of not to see this is a blatant cover up why the silence by the media in general in kashmir we are facing an undeclared war from across the western border it's just 3 months since india decided that it all had to change in kashmir they tore up the region special status and imposed direct rule from delhi thousands of people were arrested and the communications blackout imposed my guest this week here in london is very pond national vice president and one of the.

reality is in spite of this john going trade war story it is probably worth pointing out that don fannion fang motors is in this too talking about the ramifications because there is an american story in the mca business and a chinese story. will this current administration want to see these get into bed together >> true story. i think in 1980, my parents owned a peugeot diesel wagon for about three months on deck, the ncaa says college athletes can get paid but is it going to be a double edged sword? p but first, 12.4 billion is how much california wildfires cost in 2018 as two major wildfires continue to burn in southern california right now we'll go to jay gray with the latest on the devistaastating situation there. six steps ahead. sixteen. so many steps. you done? a million steps ahead. servicenow. works for you. i don't have to worry about that, do i? harmful bacteria lurk just below the gum line. crest gum detoxify, voted product of the year. it works below the gum line to neutralize harmful plaque bacteria and help reverse early gum damage. gum detoxify, from crest. i'm part of a

of our mortgage production, we are selling either into ginnie mae securities or fannie and freddie securitiesthose have been expanding over the last quarter because these higher volumes are really completely consuming capacity in the industry and pricing reflects that. it is a better time to be in that business. some on the balance sheet, some sold through, and lower rates are absolutely stimulating both refi activity and affordability activity on the purchase side. caroline: those lower rates will keep the mortgage area growth. it was great to have you with us. we thank you. let's bring you some more earnings numbers. raising theirs is full year 2019 adjusted earnings per share. they now see full-year adjusted earnings-per-share, $11 tony $11.25 to to -- $12.25. they are seeing fourth quarter capacity around a 3% increase in operating revenue came in just shy of estimates. up to .75%. coming up, closing in on a deal, are we? possibleremains that a brexit breakthrough could come by the end of the day. this is bloomberg. ♪ onaine: some breaking news all of the opioid lawsuits in the u.s. dow j

to go, i had to get rid of my imaginary fannies, the connies.of the connie boys one day and got a nail stuck in my kneecap. i told mom i was raising the connie boys. she said is that a neighbor i don't know about? >> greg: my first plane was a seaplane in lake tahoe. i was like six years old. we crashed. i survived. r.i.p., captain stevens. and what do you want to are remembered for? i'm going to geraldo. >> geraldo: obviously the institutionalization of the developmentally disabled. that's my big crusade. i'm still very active in it. >> greg: i'm against that. >> geraldo: you're against it for the mentally ill. >> greg: got you. how about you, lawrence? >> lawrence: i don't know. being nice. i am. i try to be like a people person. >> greg: kennedy? >> kennedy: i'd love to be remembered for my love of freedom and inspiring other people to embrace and love freedom on their own terms. >> dana: very serious. >> greg: yes. >> dana: i was going to say jasper's mom. >> greg: i thought you were going to say queso. >> dana: that will never die. that's n

i thought that the for the week that he had a fanatical fannie and that meant a lot the quarrel with them if they'd been amish about the last time we got in my store and what i had go before court only i will what i eat and there is sentiment there and. it is a b. i make it the 11 ahead of us and the doubt up to date again it. gives you what i mean that we spend there ohad i will get on the short were him hammer the show bug you would need a week to you. he's got it he's going to. go through 3. fold this is on. your theory. with. the numbers of a piece of c. and you thought about a mom or. a leave you see. if you call for an order for. you to look in them that. i was privileged and then. or. for the knowledge and or be a model i see there must be a colleague or machine or story of my son and then when it is be they found their machine have been my room are directly about the law or can or light can be cited in a call in a bus or in. amish i mean that way ahead. and i'm ok with salomon bennett. let's not have a child the 30 year old will be selling the ammo have to i'm just tired of t

running to the feds to stay afloat president bush today defended the decision to bail out citigroup fannie mae afloat president bush today defended the decision to bail out citi group that in may and freddie macin asked for a total i mean $1000000.00 more to sale out could get and freddie macin asked for a total i mean $1000000.00 more to sail out could get much bigger than billing even in troubles for the u.s. economy. much bigger than billing even in troubles for the u.s. economy. and they're building up the next room. and they're building up the next term. each time. beach time the taxpayer is called on to bail out those who created the crisis on the taxpayer is called on to bail out of those who created the crisis increasingly the major financial institutions. in a cat increasingly the major financial institutions. in a capitalist economy you would do that in a capitalist system that would were the invented list economy you would do that in a capitalist system that would were the investors who made risky investments but the rich and powerful they don't want to capital assisters who mad

welcome, fannie. >> good morning, commissioners. program analyst for the office of community partnership. i am here to request modification to our existing contract with the institute on aging for the provision of the community living fund program to include a pilot for the administration of the public guardian housing fund. currently, we provide the services using a two-prong approach of coordinated case management and purchases of goods and services. it serves san francisco residents 18 and older with incomes of 300% of the federal poverty level. they must be able to live in the community with appropriate support and have demonstrated need with service or resource to prevent institutionalization. the modification we are requesting today for the provision of the monthly subsidies and move-related costs for public guardian and conservators. under the department of aging and

another added security measure is you can only bring in clear bags and back tacks or small purses or fannie packs. you can't bring large bags or coolers inside. >>> fleet week gets under way this sunday in san francisco. the annual event draws hundreds of thousands of people to check out the ships and the aerial shows. as always the star attraction will be the blue angels. they won't perform until next weekend. city officials are reminding people to be prepared for the crowds, particularly along the waterfront. >>> coming up, encrypted text messages are at the center of the impeachment battle as president trump remains defiant. >>> kiss is performing a special concert next month, some of their audience will be under water. >> excuse me? >> what? >> here's a live look outside. we'll check the weather withdrew. >> under water? >> cirque du soleil kiss, interesting. heading to hardly strictly bluegrass festival today, topping out at 69. sunday you'll be close to 80 degrees. nonetheless, a nas stretice str coming our way. 40s to low 50s as you step out the door. as we go throughout the afternoo

oakland for all wild card and i'm not saying you have to be one of the split had people but giants fannie mae's will root for the home team since you don't have a horse in the race. first pitch out of the gate, sean manaea means a lot. >>you know a lot lower you know here is a was this crazy heart but are here lead to that he has faith in me and. just like have to so much for >>the tarp is off about davis in the nosebleed section is still amazingly chief at last check about 40 bucks to see a playoff game that's quite a deal so get them while can because if the a's beat the rays, you know that. >>you're gonna have to fork over way more to see them play the astro's in the divisional championship. sticklers have never been kind 2 american actress turned duchess meghan markle but now prince harry says. emotional attack on the british press afraid his wife is falling victim to the same powerful forces that ended up basically unraveling his mother princess diana, he lost his mom and he's afraid of history repeating because he's seen what happened when somebody is come on a ties to the point tha

. >>> plus, major concerns in southern california as these hurricane force winds are still fanni fanningis far from sight. we take you there live coming up. have laser drilled holes. they release medicine fast, for fast pain relief. tylenol®. for fast pain relief. rowithout the commission fees and account minimums. so, you can start investing today, wherever you are even hanging with your dog. ooh, like her. she's probably investing right now... taking charge of her money, making it happen. she's - not going to be happy about that pillow. it's time to do money, so what are you waiting for. download now and get your first stock on us. robinhood. mmacramé! obviously. wanna go to the gym? uh, it's too expensive. actually, our unitedhealthcare medicare plans come with renew active, a gym membership and more, at no extra cost. i'm not a workout kinda guy. you get a personalized fitness plan. i'm exercising my brain. and an online brain health program. i need workout clothes? they have tvs here too. renew active, only from unitedhealthcare medicare including the only plans with the aarp name.

today's hearing about freddie mac and fannie mae for the committee, treasury secretary steve mnuchin was asked about the cryptocurrency. he says he has met several times with facebook libra. >> we've told them that we thought that their launch was premature. that they had not addressed fundamental issues around money laundering bsa requirements and other. reporter: the treasury secretary very concerned that terrorists could use this network to fund their operations. also not enough consumer protections. zuckerberg will say in his testimony tomorrow that facebook will not sell the data they get from libra. they will not use the data they get from libra to make decisions about facebook and the company going forward. they will not share the data they get from libra's consumption and whatnot. zuckerberg said this in the past in front of congress. you know how that turned out. melissa: we were chatting about that. edward, thank you. connell: thanks, edward. melissa: leaving americans in the dark again. pg&e pg&e warning hundreds of thousands in california they may lose power. one city is

noticing some numbers that are what saying have we passed the peak what are the numbers showing you fannie mae and freddie mac big businesses have been around since your child have come out of the survey basically saying that optimism is peak a couple of quarters and cal after slowly rising throughout the year i own real estate i kind of feel the same way that the high end is kind of peaked. there's other markets i think are very very attractive to midsize markets like denver's of the austin nashville tennessee is all have a lot upside but the high and there's some way ap optimism on anxiety tie towards the economy. the yield curve inverted iaea recession's comment. manufacturing weak jobs mix jobs. number on friday. low mortgage rates and that's what it's all about when about key turn yourself about low mortgage rates in my opinion trump's high prices but i buy today i would because low mortgage rates night. but i would expect to see my price slip over the next 3 or 4 years but next 2025 years go to well okay because the super low mortgage rate right now okay, good enough that was the day

. >> that makes a fanny pack look fashionable. >> come on, scott.s is so much better you need it when you're on your motorcycle and can't reach into your pocket. >> hey, i'm out of here. i'm going over with kelly. >> you and buzz light year, come back over here. >> buzz light year. >> all right coming up. we're answering your questions next cnbc.com/half-time tweet us we're back right after this. when you look at the world, what do you see? we see patterns. relationships. when you use location technology, you can see where things happen, before they happen. with esri location technology, you can see what others can't. ♪ doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. takin' it off road station ted! goiwagon, eh?ip, huh? you know it's an suv! your family is duckin' and rollin'... while we stowin' and goin' but that's cool, i know for a fact your suv does not suck. and why is that? it aint got that vacuum in the back,

the weakness brought down general motors, f fannie mae, almost destroyed ge. the systemic risk was off the charts, but what happened? did the country fall apart no the center held. why? well, because the federal reserve made it so center held by taking aggressive action right there. i don't rarely care how it was saved. enough with the purity what mattered was that it was saved. i think we made it through the great recession. we're certainly going to make it through a garden variety slowdown like we might be experiencing now we underestimate the market's incredible resource wealth we have cheap power. we've got great manufacturing capabilities it's huge for the economy. while the trade war with china may be hurting us a bit, it sounds like we import necessities from the chinese, we're not hostage to them other than our own minds, okay for their educational system is far from perfect, but it's created a tremendous amount of entrepreneurs who have created a number of enterprises that are hard to duplicate and we have more upward mobility in this country than any

. >> put this in your fanny pack. >> they're using the video to promote the release for the new trail-- you're messing with this wig, does this look right? >> she pulls the curls like this all the time. >> the stylest gets my curls >> they're popping. >> next on this day of the undead, "forbes" magazine is out with this annual ranking of the highest-paid dead celebrities. >> topping this year's list, for the seventh year in a row, m.j. >> of course. >> the late great king of pop, michael jackson, raked in $60 million over the past year. his music was streamed 2.1 billion times compared to 1.8 billion over the previous year. >> wow. coming in a distant second place, elvis presley, 39 million. much of it from his graceland in memphis. >> "peanuts" creator charles schulz came in third with $30 million last year thanks in part to an ad deal with metlife. ad deal, get the extra checks rolling in. >> i like these glasses. >> i really like my hair. >>> coming up, we're asking our favorite elementary school news now" coming up. >> "kids news now" coming up. remember the three p's. what are th

, dane, the reason i came to this resolution is because when we were here, all of us, busting our fanniesng to make things work to get this order filled, what did you do? you walked out the front door, and you handed me your apron. and honestly, i don't want to be partners with somebody like that. >> i think it's fair. >> so we're moving on. >> right. >> is that basically where we're at? we're moving on. this follows the operating agreement which we all signed. >> both: mm-hmm. >> you guys will be in charge, which you want. and so you--you get what you want. >> and you get what you want. >> well, i "politefully" disagree, so... >> okay. >> the other thing we want to let you know is that we're not gonna stay in this location. we have a financial obligation to you as the landlord, i think, for another 15 months. we signed an agreement. we're gonna be honorable, but we needed you to know that as well. coming up... turn around. >> both: oh, my god! >> guys, i feel strongly that you got to be where traffic is. sweet pete's has another 15 months left on their lease, but that location is holding

you just have to market your fanny off. >> okay.tina's product is fantastic, so this was an easy decision to make. i've already invested millions in the health food space, and i think her product has a lot of potential and could lead the pack. >> thank you. >> okay. >> can i hug you again? >> yep. >> [laughs] thank you so much. >> okay? >> it's amazing, thank you. >> all right. >> what happened to my offer? >> i don't believe in singular use facilities. you cannot make a standalone group session training model work in the long run. i don't think it's possible. it doesn't mean that i didn't have a good workout. it's just an economic thing. so my offer is the following. i'm willing to put up $250,000, but it's contingent on this business moving to a training facility that also has other disciplines inside of it so that we don't have to be so singular. >> but i'm on the lease for another three years, marcus. >> i know, and you have to really figure out a way to get out of the lease, because i want to move to a bigger place at a better

you work your fanny off. all of you work hard. we're gonna operate like a family. >> how soon?morrow sounds good. >> [laughs] >> i'm ready. >> i've been ready. [laughter] >> it's time to clear out the small-margin generic items from the store. the pies come with a huge 80% to 90% margin, but the retail stuff, it drags along a 20% to 25% margin, and so every square foot that we utilize to sell low-margin product isn't gonna help us make money. what i need to do is to convert that space into faster-moving products like pies. so here's what we need to do, box it up and get it out. >> all right, box it up, get it out. >> yup. >> no, we haven't made a final decision on that. have you done your demographics on people who want to come in and get slushies and pie bars and key lime soda? >> i'm gonna get you whatever you need for amnesia. remember what i said, if we don't make it, we're not selling it. we all agreed on that. >> tami, you don't think people should have opportunity to buy these things? >> not here. it's all this same [bleep] that they have everywhere. >> i don't, uh--i do

you know, this reminds me of during the mortgage crisis when fannie mae got blamed for giving those lowf course housing mortgages. do you know why they did it? because government forced them to, the same way with pg& e, they had as david said, had to make those investments in silly electric cars and solar and things like that. that's why they had to skimp on that. government gets its arms out of these enterprises it would operate a lot more efficiently. >> the interesting thing that the san francisco chronicle found is that the pg& e executive took 60 customers to a vindicated yard two hours before they decided to cut the power, silver oaks winery over there, they have apologized for doing that but i can understand for the people in the area that are very frustrated because they weren't told that the power was going to be cut especially in areas that aren't really it's preventive but they aren't seeing heat and so pg& e headquarters in san francisco has barricades around because people are throwing eggs and talk about more name calling but the poor workers. david: here is another irony

i gave him a responsibility, and then i come back, and you guys are working your fanny off and he's nothing that could be the golden goose in this whole thing. it's better that you learn now... lynn: oh, yeah. lemonis: ...than having them sell their house and them get here and it not work out. lynn: i know. i know. lemonis: all right? -you okay? -lynn: yeah. lemonis: you sure? okay. look at this! norton: how you like it? lemonis: this look unbelievable. norton: it is massive. lemonis: after three weeks of construction, the deck is finally complete. i didn't think it was gonna go out this far. norton: we just kept going. lemonis: unreal. look at this. norton: it brings out the whole restaurant. [ truck beeping ] lemonis: now that we've fixed the process and added additional seating, i'm ready to start with some marketing. good old-fashioned barbecue is about as american as you can get. i had 130-foot flagpole built, one of the largest in south carolina and better than any billboard you can buy. you ready? it's almost as big as half the parking lot. young man: right here? lemonis: don't l

databases like chidi match database and he says fans like and ricci treaty need to manage that and hold fannie and lisa trees and when i fight them cold cases were suddenly becoming hot again and big time i'm going to say on a bottle of the per capita trade there's d.n.a. trying to cross example of an apartment and open all trade kater c.n.a. a crime scene or in an old case 5 of us and i'll send it to g.-d. mapping out matt and both of you do when i get a move cousin one i got a mother graduate of her cousin father grandma or even on an arm or even and on phones systems us them selves but there's a catch as much as buzz feed's reporter words nearly 70 people suspected of murder or rape have been i have merely crossed the success on the people suspected of murder or rape have been identified across the country using the revolutionary investigative technique the law enforcement the use of public d.n.a. using the revolutionary investigative technique the law enforcement the use of public d.n.a. databases also quickly raised privacy concerns as michael melendez and connor databases also quickly ra