lemonis: the situation at black rock is bleak.they opened up a couple months ago, and already, they're $15,000 past due on the combination of rent and equipment. it looks like they're ignoring their financial obligations. gary: he has the money. i think he's made a decision to not put anything more into the business. lemonis: so he's personally guaranteed this? gary: yeah. lemonis: the owner of black rock café has a $75,000 personal guarantee on this equipment and the lease. what that means is that we can go collect on his personal assets. i don't want to do that. what i actually want to do is come up with a solution that works for black rock and works for swansons. well, if they can't pay, then what about the possibility ofurning that into, like, a swansons grill? maybe it's a way to sell more fish, get better prices. gary: yeah, that might be a great idea. lemonis: swansons should have a restaurant, and black rock, the way it exists today, isn't a viable business, so i feel like i could fix both situations with one meeting. why

lemonis: the situation at black rock is bleak.ey opened up a couple months ago, and already, they're $15,000 past due on the combination of rent and equipment. it looks like they're ignoring their financial obligations. gary: he has the money. i think he's made a decision to not put anything more into the business. lemonis: so he's personally guaranteed this? gary: yeah. lemonis: the owner of black rock café has a $75,000 personal guarantee on this equipment and the lease. what that means is that we can go collect on his personal assets. i don't want to do that. what i actually want to do is come up with a solution that works for black rock and works for swansons. well, if they can't pay, then what about the possibility ofurning that into, like, a swansons grill? maybe it's a way to sell more fish, get better prices. gary: yeah, that might be a great idea. lemonis: swansons should have a restaurant, and black rock, the way it exists today, isn't a viable business, so i feel like i could fix both situations with one meeting. why do

starting with black rock. let's dive into what they are doing here. >> from 75 basis points down to 45, so i very aggressive cut. 40% loss of fees on that, they are definitely trying to get in under the radar to encourage gatekeepers and others to make decisions about 401(k) plan and think about black rock return product if they are deciding if they need a new total return bond product in their portfolio. gerri: and cutting fees on the core bond fund institutional shares, low duration, kind of across the board. some people may look at these lists and say institutional, it doesn't matter to me, but it does, right? >> this is how a lot get access to these managers through 401(k) plans and often if you have a good size 401(k) plan, you are already into the institutional share classes. not for somebody like that, these are mutual funds for the retail investor with enough people, you get that. gerri: what are they doing? >> they are another one aggressively looking at the investors leadin leaving pimco y we have pr

steam escapes through cracks in the sheets of black rock. and there are skylights where the lava crusts super heats and collapses into the tubes. they are like peepholes in the hill. a red hot blur, an underground river of 2,000-degree river rock. >> almost immediately after the eruptive phase ends the lava drains from these flow tubes and leaves a hollow shell. imagine this whole thing filled with hot lava rushing down toward the ocean. the lava explodes in the black sand or cools and hardens into cool rock plateaus. >> this is without a question the most dramatic park in the entire system. it's alive and growing and we're growing as we speak. >> reporter: still to come on a second look, a look at the creation of new island under water near the big island. >>> and a helicopter pilot's memorable first day on the job above kilowea. dy ♪ ♪ come and get it ♪ get it, get it ♪ when you're ready, come and get it ♪ ♪ na na na na ♪ na na na na na na na ♪ ♪ when you're ready, come and get it ♪ ♪ na na na na... female announcer: it's a great big world

. >> caller: i've got black rock, blk, reagan and plat, leg, international paper, ip, gannet, gci, andock, bms. >> we have packaging and packaging, that's not so good. we have gannet, which is going to be internet and a newspaper stock, black rock, and leggett and platt which is housing related. we are going to sell bemisand stick with bristol-myers and you stick with cramer. you're never quite sure what is coming your way. but when you've got an entire company who knows that the most on-time flights are nothing if we can't get your things there too. it's no wonder more people choose delta than any other airline. it's more than the car.er. for lotus f1 team, the competitive edge is the cloud. powered by microsoft dynamics, azure, and office 365, the team can gain real time insights and instantly share information around the globe. when every millisecond counts, staying competitive begins with the cloud. this is the microsoft cloud. today could be the day. the day we give you hope. relief. a cure. today, we believe every life deserves world-class care. as one of the top four hospitals i

rock. blacken knows the difference between a 9% return and what will not get it done. chip, we are not putting enough money aside, are we? typically are not. we released a study earlier this month where we looked at 55-year-olds year-over-year and looked at their saving account balances through contributions and investment returns and surprisingly 455-year-olds -- for 55-year-olds, they are up 16%, but here's the problem is that the cost of their retirement led by th liability s up 18%, so -- >> you open up your 401(k) statement and think you are --ng great, i uam up 16% >> when actually lost money. >> we have a twitter weston, how are you preparing for retirement, one by smoking, trinket, and partaking in high-fat, nutritious foods. >> you do not have a retirement program, you have a mortality problem. if you live to 65, you are expected to live to about 85. >> 45% of investors according to your report have not even begun saving for retirement. are they assuming the money that gets put aside for

black rock, vanguard, state street, global advisers, big indexers, big etf companies own the biggest chunks of utx. >>> iran and six world powers including the u.s. missed a second deadline today to resolve a decade-long dispute over its nuclear program. they extended talks until next june. meanwhile, iran is one of the founding members of opec which meets this thursday in vienna to discuss cutting production levels in order to stop the steady drop in oil prices. but with oil traders expecting no change of production levels by opec, crude prices fell again today. west texas oil down 73 cents a barrel to 75.78, benchmark brent crude off 68 cents closing at 79.68. >>> and in response to reports that opec nations may vote to cut crude production at thursday's meeting, the energy minister from the united arab emirates said today that the cartel would make what he called the appropriate decision regarding production levels. >>> and just ahead of the long thanksgiving day holiday weekend, gas prices are down again. that's good news for the 46 million americans who are expected to hit the r

why isn't there a bill gross of black rock?a quirk of the history of the takeover of pimco from allianz. allianz only purchased 70% of the company. 30% stayed with pacific life. allianz was capturing 70% of the revenue. 30% stayed with pacific life, who pretty much deferred to gross. you work it out. an insurance company having the best bond manager in the world run our money. that is fantastic. not to hurt yourself. essentially, now that they -- pimco doubles since the crisis. not only did everybody pile into bonds. once the federal reserve started and pimco, defined a double that was a lot of money. >> it is a golden parachute, $299 in a year that trailed. we will be back with more "in the loop" in a few minutes. stay with us. ♪ >> welcome back to "in the loop." i am olivia sterns for betty liu. our top stories. willes indicate stocks open slightly higher. hovering near record highs. retailers has rebounded last falling in3% after september. consumer confidence has been boosted by lower gas prices and rising stock and home va

our guest host is jeffrey rosenberg from black rock. month, commodity has entered the fort with the rop in oil prices. it really summarizes the changing landscape. s. croyle -- crude oil field production. prices plunged 20% in mid june. you talked about the factors of pushing this oil price decline. how much is this increase from supply? >> what i talk about is it's it's demand factors and supply factors and the currency factors as it relates to the relative trength of the u.s. economy. it means that the marginal supplier of oil is shifting away from said ryan braun towards the u.s. -- saudi arabia towards the u.s. >> it's to control global oil supply. and the concern is will that there's be a supply response by the rest of the oil producing countries to reduce the impact of u.s. supply? i don't think there will be. >> why did that agreement break down if >> it broke down because it's very hard, just like opec has a very hard time maintaining the cartel in that it's price times quantity is what gets you to revenue. you want to pull back

much forthank you so joining us, our chief investment strategist at black rock. allergan actavis deal. valley and coming out with comments now saying they cannot justify the price. at the breaking news desk with more on this. >> that is right. breaking news valiant. they are chiming in to the conversation officially saying the price of $19 or more for -- per share is not something they were willing to pay off. let me read you a statement from the ceo, they said the senior announcements allergan had made, and while we review any decision in course of action, allergan cannot justify to its shareholders paying that steep price. theorming really well in third quarter. they're optimistic about two thousand 15 as well as a robust fourth quarter. they are confident in their continued ability to generate exceptional shareholder value. it looksmenting that like, based on what i am reading here, that it comes down to price. i know valley into did want to eant did this -- val want to get into this. >> valeant shares are slightly up after all of this news. we will have much

black boulders came from several flows from the volcano. this is the easiest place to see petroglyphs. most of our hundred 50,000 bidders -- 150,000 visitors stop here. it is a carving on the rock. pueblo people use stone chisels and hammers to carve out the dark, black patina, exposing the rock. some people ask us how these petroglyphs were discovered. for the pueblo indians, they are as old as time. they have known about them since their creation stories. modern-day archaeologists date these images from 1200 to 1650. in the 1970's, archaeologists came out to the west mesa and begin to inventory these images. interest in these group. eventually, they became a national monument. to the pueblo people, they believed that the petroglyphs choose when and to whom to reveal themselves. sometimes it is the shadow. sometimes it is just the attitude and sensitivity with which we look at these petroglyphs images. sometimes telling people not to touch the petroglyphs is not enough. we know that nobody should touch the petroglyphs.

black boulders came from several flows from the volcano. this is the easiest place to see petroglyphs. most of our hundred 50,000 bidders -- 150,000 visitors stop here. it is a carving on the rock. pueblo people use stone chisels and hammers to carve out the dark, black patina, exposing the rock. some people ask us how these petroglyphs were discovered. for the pueblo indians, they are as old as time. they have known about them since their creation stories. modern-day archaeologists date these images from 1200 to 1650. in the 1970's, archaeologists came out to the west mesa and begin to inventory these images. interest in these group. eventually, they became a national monument. to the pueblo people, they believed that the petroglyphs choose when and to whom to reveal themselves. sometimes it is the shadow. sometimes it is just the attitude and sensitivity with which we look at these petroglyphs images. sometimes telling people not to touch the petroglyphs is not enough. we know that nobody should touch the petroglyphs. we do give people an opportunity to touch an artificial boulder that we created for such purposes. they get the touching out of the way. we want people to under

they were misshapen and sharp edged and looked like black rocks. the game began and my father didn't call for the chocolate bar. my father loved to call for these. when i hear the christmas carol about how he would call for his pipe and builders three i think of him. did he know? my father didn't you back and i had been tempted to recite my confession that saturday in the absolution but by 2:00 when i was kneeling before the priest at the sacred sacred heart the chocolate bar was still intact and might have been passing and even i recognized there was a certain ring to bless me father for i have sinned my last confession was one week ago and since then my wife three times in four tries and figured they would leave a lot of the rest and at halftime by father called for the bar and i went to his hiding place and turned it down and opened the wrapper and walked to the living room. i put the remainder before my father with both my hands. he looked at it and without a word placed it beside his ashtray and smokes. he picked up in normandy and popped it i

they were misshapen and sharp edged and looked like black rocks. the game began and my father didn't call for the chocolate bar. my father loved to call for these. when i hear the christmas carol about how he would call for his pipe and builders three i think of him. did he know? my father didn't you back and i had been tempted to recite my confession that saturday in the absolution but by 2:00 when i was kneeling before the priest at the sacred sacred heart the chocolate bar was still intact and might have been passing and even i recognized there was a certain ring to bless me father for i have sinned my last confession was one week ago and since then my wife three times in four tries and figured they would leave a lot of the rest and at halftime by father called for the bar and i went to his hiding place and turned it down and opened the wrapper and walked to the living room. i put the remainder before my father with both my hands. he looked at it and without a word placed it beside his ashtray and smokes. he picked up in normandy and popped it i

dozens of black rock employee on hand to pack and sort donated items.ve where you live. text the word feed to the number the on this screen. 10 dollar donation or more if you choose. >> do it now. feel great bit. >> this is always the case but something special. larry roaming the hall looking for a fight. >> i mean. >> he shows up angry. >> ri looking for it. >> today there was extra. >> i may have taken on an opponent that is too largely to mess with. we get a visit. from the one the only l hulk hogan. what you going to did. if the warriors. what he the holiday season is here, which means it's time for the volkswagen sign-then-drive event. for practically just your signature, you could drive home for the holidays in a german-engineered volkswagen. like the sporty, advanced new jetta and the well-crafted all-new golf. ifou're wishing for a new volkswagen this season just about all you need is a finely tuned... pen. get zero due at signing, zero down, zero deposit and zero first month's payment on select new volkswagen models. hey john,whoa!k it out. yea

the question is whether the black rock crowd will come, that's usually later in the evening, so it remainse seen what will happen, but the police aren't taking any chances, they have their back up vans there, the patrols are coming in, the police how far are staying in the -- however, are staying in the background right now because they want to keep the pressure low. >> and one quick question, again looking at the live pictures, we have a chopper up over this march that's happening in oakland, when the decision was made that wilson wouldn't be charged in the shooting of brown, what was the reaction? the immediate reaction? >> reporter: there was a, there were lined down -- lying down in silence, there was a lot of shouting and chanting, and immediately we started seeing the protesters start to move down the street in a marching fashion, then moved back up and went the other way, so they just started moving. we'll see where it goes from here, but the reaction was get up, move, get loud. >> all right, thank you. >>> the picture there is of oakland, you can see the demonstrators moving the pl

coming after black rock aimed at retail investors.ning us with his "a" game strategy, dan gam but. great to have you with us. >> thank you for the invite. >> a lot of it in this etf is energy futures. we've all seen what's going on with oil prices. we just had a guess that the dollar is in the midst of a bull run. what did you notice in terms of demand and flows into this commodities etf? >> over the past 18 months -- actually the last year, we've had a lot of clients come to us saying how can we pay commodities. we're sitting on big losses. what's the right basket to actually invest on. and we've been working with those investors for, like, diversifieied basket of commodities in their portfolios. so we've seen demand from asset managers and we've also seen demand from pensions and demand for retail advisers looking for a single play on commodities. >> so they're just having this in their portfolio as a hedge to what at this point? >> so, it is a strategic position for a hedge potentially to inflation, potentially to changes in the pa

pimco, when co., black rock, bernstein, all sitting around the table.en proposed, hey, u.s. $10,000, we will pay you $5,000 per loan. this will still be budget gap, ok? >> what happened? >> it was a terrible idea, ok? if you walked out of the room they said, hours, ok, you guys are right. this is a terrible idea. >> one of the things we may not while investors certainly would face losses under a scenario like eminent domain, those issues are still highly localized, fairly small, not being debated on a nationwide basis. at the same time anyone involved in mortgages consistently -- >> they bought them at bar and roll them back to 60 and they are back at par. >> did anyone actually write it out that long? >> i don't know. i truly do not know. but that is the reality. but if you bought them at $.25 on the dollar and now they are $.50 on the dollar, you did very well. >> thank you. we will have so much more to talk about. >> we will return. >> coming back -- we will take you back to the los angeles auto show. our matt miller is there. >> we're not going to l

. >> this has been a big pitch at black rock over the past couple years.e have underfunded themselves. people don't have the cash. the normal economic growth to get a spec to the good feeling that you write about in your notes? is it 3%? 3.3%? >> it is more than 2.8%. we need to see growth at or above 3%. but even that is not great compared to what we have had in the past. >> what do you have an columbus besides a hockey team that has lost nine games? a shameless plug for the mayor of columbus. very wells has done as opposed to some of the rest of ohio, some cities i won't name. of fortunedquarters 500 companies and a state university. they come together to give it pretty good growth. >> it is a great place to do business. >> it is. >> let's talk about savings and growth. one of the lessons we are learning as that when you cannot expect growth, you have to save more. but we don't do that or think that way. as interest rates have gone from 15% down to 2%, we have seen massive asset price appreciation and a means they have got the wealth in their house. the

you are trading at 13 times earnings, or less than nine times earnings, and you look at black rock 19es or legg mason, you have to scratch your head because the alternative asset managers -- >> i'm just not making enough money running blackstone and carlyle! >> fee growth, another way to manage market share, and the returns over time clearly are better. why the disconnect?david rubenstein is scratching his head. he knowledge is that the only way to close the gap, which he needs to do -- >> is to get into their business. >> and who is going to buy whom? is carlyle going to buy a bunch of etf's? probably not. partner with an existing classroom -- >> like -- >> in part because -- i asked him this question subsequently traditional asset manager working by the alternative asset manager, and david said "how do you retain talent then?" if they wanted to work with the traditional guy there would be doing that now. >> is basically saying "my guys only want to work for me"? >> kind of. >> wow. great conversation. man interest rate how much should a company get if something happens to the ♪ >> h

like a haitian -- >> rock plays andre allen former stand up comic who just wants some respect. >> blackook at this. taxi! taxi clam. >> look at the -- rock packed his movie with some of today's best black comedic actors. >> look who's talking. among them sherry shepard and tracy morgan. not a lot of comics are generous about other funny people. >> my favorite athlete suffer magic johnson. he's all about passion. like setting up players. setting up people. i like watching somebody jam. i get great pleasure from that. >> when rock does stand up. >> one man that would change places with me. none of you. none of would you change places with me. and i'm rich! >> here at harlem's apollo theater rock taped two of his hbo specials. i think i read somewhere that your paternal grandfather. >> my dad's father is a preacher. i spent a lot of time with him. i'd watch him write his sermon. he'd write topics. then rip on the topics. i kind of do comedy like he preached. >> also like another relationship. when you're delivering aer is moan you're trying to get at a truth. >> you are. i watch reverends

blacks voting for president obama. they can get away with that kind of humor. i like chris rockedians get away with a lot more than brad paisley did. i didn't see it as offensive, were you offended? >> there are so many talented black comedians on that show, the women are hilarious. they could have called it modern family two. it was a modern family. i was not offended by the joke, i don't know if you watch the show i watched, it was wrapped in this theme off the top. a song about the nurse quarantined, a reason why the democrats loss on tuesday night, it was all wrapped up in some other sort of things. >> i think he was reading the teleprompter. >> sums it wasn't even his own material. >> abc has both shows, the cma and "blackish." >> still a question -- >> it did not offend me. but i don't know, if i don't like country music, is that offensive if i don't like country music? i kind of like taylor swift country. he is wearing a white hat, what does that mean? >> andrea brought that up, comedy is comedy, appreciate it for what it is. >> how many people did not watch the show "bla

rock. >>> black friday is still 16 days away. >> two southern california well don't care they are started their camp out set up outside the best buy store in beaumont east of riverside and best buy does not even have the deals released but they are looking to score a tv set at a great rice and they take turns going home to shower and sleep and eat and some thing they are crazy but they are determined to get a good deal. >> who does that? >> exactly. >> don't know the deal but for someone it is a competitive support. >> look at me i am 16 some days ahead of everyone else. >> crazy. >> especially if they had rain coming their way. some of us is to work. there will be a commute that will be tough this time tomorrow. good morning everyone at 6:17 and live doppler hd is all good for radar returns, no fog the national weather service and you can see the lack of low clouds and a lot of fog and high clouds that will be thicker during the afternoon. 87 in san jose near the shark tank and it will be clouds all day and cooler-than-average with shower on thursday and unsettled pattern next week and h

decade from now, do you think that the business of activism would be so institutionalized that black rock an activist or even the activist label will disappear because everyone will finally start thinking on their own rather than necessarily just sort of voting with management which is sort of what most of the big institutions have done for a long time? >> i think a decade is not going to happen in ten years. i think these guys don't move that quickly. it's very difficult even today to get, you know, still a lot of big portfolio managements for the big fupds feel they're going to lose access to management if they even support an activist. i think it's going to take longer than that. i think we will get there probably one day. >> i couldn't help notice bill at the top there, if you're able to partner up that helps to get to 106%. doesn't it? if you're able to sort of push the limits and raise eyebrows. i mean, you have basically the government looking at is this legal? do we need to do something here now? that's a pretty good strategy if you can get away with it. >> it's a great strategy.

there is a big black and white rock. they believe that is a wall next to a bolder in a hold. they are not sure, but they are collecting quite a bit of data. they do believe this has been a very big success, even if they don't expect any more from this point forward from that lander. they will say this was a major success. a major step forward for space exploration. the mission, the orbiter should be staying with the comet for the next year as it hurdles towards the side. they will take a lot of data from that and try to answer with that data some of the life's biggest questions. how did we get here? are we alone in the universe? the comets carry the clues especially how the earth got water. we are a water-based planet and they hope with the information they get from this they will be able to get more insight into the very big questions that have been on everyone's mind since the beginning of time. back to you. >> fascinating story. up ahead, don't go away. just in. breaking now. reports that the president will take action on a broad overhaul of the immigration policy. that ha

in the corner you'll see the leg of the lander, then you're seeing a giant black and white rock. they believe the lander itself is right next to a boulder or cliff or something, it might be in a crevice, it's not entirely clear, but they are getting a lot of data, a lot of information, and they do believe they are going to find some pretty big answers from this mission. back to you. >> fair enough. 67-p, such a strange -- i'm going to call it comet kris sanchez. >>> well, if you think you have what it takes to become the next super hero, let's head down to emeryville. >> that's where we find nbc bay area's bob redell. auditions under way for the national tour of marva live. >> are you a super hero, bob? >> reporter: yeah, good morning to you, scott and kris. inside this nondescript warehouse, they are trying to create the super heros, we're talking about the next spider-man, incredible hulk, black widow, or any of the other 22 marvell super heros. this is a touring stage production put on by feld entertainment, the same people who put on the ringling brothers circus. this is more

john rock, a black man from new jersey who had become a leading lawyer and activist, insisted that the war presented just such an opportunity. listen to his words from a speech in january of 1862 in boston and mocking paraphrase. -- in mocking paraphrase of taney. "75,000 freeman capable of bearing arms and three quarters of a million slaves wild with the enthusiasm caused by the dawn of the glorious opportunity of being able to strike a blow for freedom will be a power that white men will be bound to respect." with the nation swept up in revolutionary change, he spent his last few years holed up in his rented home on indiana avenue in washington. sick, mostly homebound, in the care of his daughter's and and servants, and disgusted by the policies of president lincoln and official washington, he practically ceased to carry at his duties. he spent much of his time in that reading newspapers and smoking cigars. although he held the title of chief justice of the united states, taney's sympathies clearly laid with the confederate government in richmond. his son-in-law, husband of his daugh

it still costs more to extract the black stuff trapped inside this rock. here, they are not worried yet. >> our margins are really strong here. so we would continue our development program at the current pace, even at prices much lower than $80 a barrel. >> the nearby city of ardmore has witnessed its fair share of oil booms and busts. >> this street has seen a lot of history and changes. >> bill dolan's family moved here in the 1800's and have been involved in the oil industry ever since. he's less certain that lower oil prices won't discourage new drilling. >> well, it's going to impact a lot of the big horizontal drilling that's very expensive to do. we're still trying to find out what is the break-even point, where you can put that kind of money in that drilling and still have a good profit margin. >> at the local restaurant, they are watchful, too. it's not just the drilling of new wells that may dry up. >> it would definitely hurt our bottom line if the oil kept falling and falling and falling and falling, basically to where it dried up the area and

black teenager. ferguson was rocked by unrest after that shooting in august.re are fears now that if wilson is not charged, there will be more unrest. the grand jury decision is expected in the coming days or perhaps weeks. >>> in the meantime, police here in the district are keeping a close eye on the events in ferguson. they just released a statement, saying they are preparing for protests, and that individuals who come to a city to express their view should do so in a lawful and peaceful manner. >>> people in virginia are about to get a taste of higher liquor prices. this afternoon, the virginia alcohol beverage control board agreed to three proposals that will cost consumers an average of 24 cents more per bottle. the markup will pay a small portion, about $2.5 million of the commonwealth's $2.5 billion budget gap. but it will also pay for new tech not needed to modernize. terry mcauliffe hopes the modernization will increase sales and income from $800 million to $1 billion per year. >>> a discovery in a flea market in the south has led a war veteran to ou

. >> studs and cutouts making black anything but basic. >> very rock 'n' roll and these are bang-on trendnkle boots. >> they're comfortable and one really wearable and also one of my favorites. these equestrian boots are so gorgeous. just perfect for all day. >> for your chance to step into a pair of cole haan boots go to extratv.com. >> they're entertaining the superhero world with their new show "the flash." here to tell us all about it is grant and tom. it all started with an arrow. spinning off into its own show and climbing up the ratings at lightning speed, grant plays berry allen the scientist avenging his murders while clearing his dad's name. one lightning strike later we have the flash but moving at superhuman speed means a lot of cardio for graham. how is the training going, by the way? >> we're shooting every day all day long. so i squeeze in as much training as i can. right now it's mostly making a tv show. >> grant is also trying to squeeze in some humility. how do you describe your character? and every handsome superhero needs a mentor. enter tom cavanagh's harrison wells.

it still costs more to extract the black stuff trapped inside this rock. here, they're not worried yet. >> our margins are really strong here. so we continue our development program at the current pace, even at prices much lower than $80 a barrel. >> reporter: the nearby city of ardmore has witnessed its fair share of oil booms and busts. >> this street has seen a lot of history, a lot of changes. >> reporter: phil's family moved here in the 1800s and have been involved in the oil industry ever since. he's less certain that lower oil prices won't discourage new drilling. >> well, it's going to impact a lot of the big horizontal drilling that's very expensive to do. we're still trying to find out just what is the break even point there, where you can still put that kind of money in drilling and still have a good profit margin. >> reporter: at the local restaurants they're watchful, too. it's not just the drilling of new wells that may dry up. >> it would definitely hurt our bottom line if the oil kept falling and falling and falling and falling and falling.

heritage weekend that happens next year >> reporter: the apple what is coming will find out from rock blackr a chemistry book, what is it, made of gold? just use citi popmoney. boom. ah, she's feeling lucky. hey sweetie...cancun, yeah no, you'll be spending spring break with your new chemistry book. with citi popmoney it's easy to send money to just about anyone, anytime. visit your local branch or citi.com/easierbanking to learn more. ghardei sqresoppernt bk. a hoday ndezus rich ccola lays an feste peermi. a irarlli igin. ♪ a ltle wardor a the thgs y get them befo thedisaear. ♪ ♪ discer a the narallmoisrizi flas ofurt'beesip bm. >> reporter: former chp officer accused of taking photos of women during control. a fire destroyed a concord arise is suspicious we will have the latest ahead. we have mostly sunny skies on this monday morning. more details coming up. >> reporter: easier to get the bad for me we have some high clouds out there looking at really nice looking forecast and the warming trend will continue for the rest of the week right now but temperatures are generally in the '40's an

. >>> breaking news, a black friday protest got ugly in san francisco tonight. rocks thrown at police, then, a standoff. joe vasquez has been following the protesters all night long as he is in the mission right now. joe? >> reporter: lizings it is amazing how fast it can turn. i mean, it started off at 5:00 this evening with a poignant point. and you know, later on, it became violent. especially in an event at 22 and potrero where officers came under attack from protesters. 9:30 p.m. after nearly five hours of peaceful protesting. police were surrounded by demonstrators in the mission who began to throw rocks and bottles. afpd reports two officers were injured in this melee. one has lacerations to his face. another was hit in the chest with a brick. backup officers arrived quickly and the cops were no longer surrounded. the police began pushing back against the demonstrators. the crowd eventually dispursed and headed down some side streets. and here is where they ended up. our kpix5 news van. a witness tells me he saw demonstrators break the windshield of our van and

black friday for who? >> what, a festival of the dead? >> a hard rock or heavy metal festival? >> consumers nabbed some good deals, dealer says it will take time for the concept to resonate. >> it is just a launch. it needs time to install in france before it becomes a craze. it has been around in the u.s. for a while, so americans know there are a lot of savings to be made. >> black friday has become a tradition for stores to get a head start for christmas. but some experts say it will struggle to catch on. >> the difference between france and the united states, the u.s. has created a holiday. it means on this day we shop. in france we are very far from having a day dedicated to shopping. >> retailers are using any means at their disposal to get consumers out to spend. >> we will see if french shoppers warm to black friday next year perhaps. who knows? let's move on now. oil prices are plunging this friday. brent crude is flirting with the $70 a barrel mark. prices are at a four-year low after opec kept its production steady. we have seen shares in france's companies, britain