no small business can do that. for major business to do so. so it separates those two as an understanding there is a difference between manufacturing and service contracts. >> well, i know you have said that it's mostly about clarity on federal government contract rules. so the so-called noncurrent non-manufacturer's rule and again the confusion over goods and services. >> and that's the point. >> explain that. >> just in our district 4 itself, you know, nellis is a major, major player there for small businesses and for federal dollars. these are federal contracts where this clarification has been convoluted. now, $240 million worth of contracts will be submitted in nellis over the next two years. that provides that opportunity -- to make sure we're clear, between service and manufacturing. when somebody provides chairs to a place, do they also have to make the chair? so it's that opportunity to make sure that small business can still be involved and maybe not be the manufacturer of the source also. >> it seems like in our last segment, too, a

business merchants or pvr's small business. so this is about , what, 150+ >> that's correct >> willie of the 240, there's 90 we don't know about yet. i think it would be interesting to know very specifically and 90 sites that are potentially affecting small businesses of the kind we often represent here. the other thing i think is that i presume this requires the owner of the property wants to sell to developer who's going to do this? >> that's correct >> then there's a survey i love those $.90. i me so how many are going to sell the property? some aren't. some are landlords like your tenants and are not in this other site because they want the hardware store to be there in perpetuity. they're not going to where they don't have an appetite for developments. so we know there are properties that sit in trusts the people who don't want to develop the property could they like it just the way it is. so we can get those. then we get down to the very specific number of sites go and survey them and determine what businesses are at risk

business merchants or pvr's small business. so this is about , what, 150+ >> that's correct >> willie of the 240, there's 90 we don't know about yet. i think it would be interesting to know very specifically and 90 sites that are potentially affecting small businesses of the kind we often represent here. the other thing i think is that i presume this requires the owner of the property wants to sell to developer who's going to do this? >> that's correct >> then there's a survey i love those $.90. i me so how many are going to sell the property? some aren't. some are landlords like your tenants and are not in this other site because they want the hardware store to be there in perpetuity. they're not going to where they don't have an appetite for developments. so we know there are properties that sit in trusts the people who don't want to develop the property could they like it just the way it is. so we can get those. then we get down to the very specific number of sites go and survey them and determine what businesses are at risk

that's next on "your business." >>> hi, everyone. i'm j.j. ramberg. welcome to "your business." partnerships in a business are like a marriage, truly. you go in hoping for the best, but it doesn't always turn out that. partners are individuals with different plans, values, and goals. as much as you talk that through, it's hard to think of everything. the own er of a soouf ner stickr company learned this the hard way when his partner wanted out. we'll see how he is moving forward and making sure his next partnership sticks. >> i feel like i just got divorced in a lot of ways. >> when they launched teambo ee stickers in 2012, he never envisioned being alone. >> after my partner announced he wanted to leave the business. >> at the gunning, is seemed like they were a perfect match. chris brought the design background, and his partner had the needed capital to far the the piz. >> thing were really gottclotte. >> they were flying off of the shelf. >> i like this one, look at this. >> we had the first rack, and boy, we started seeing them like crazy. and he got us a bigger rack and we

let us help make your business better. >>> hi, everyone. welcome to "your business." anyone starting a small company likes to think that they know who is going to buy their product and how much money they're going to need to get it off of the ground. the truth is more often than not you never really know what will happen until you're in the thick of it. that is pretty much what happened to an entrepreneur that created a new swing. he realized that running your own business has highs and lows. this brand and it's product are on the up and up. >> we sold the house, bought a bus, loaded up the kids, adopted a dog, and set out on a 14,000 mile tour visiting over 100 stores all over the country. >> they took the ultimate sales trip in 2015. >> i knew i wasn't going to learn unless i got out there and saw what a day was like in these stores and creating relationships. >> he is the charleston, south carolina creator of the swurfer. he meets independent toy store owners to explain. >> you can sit on it, stand on it. >> taking this toy store tour was not the original plan. whe

the small business -the office of small business, is the only place to start your new business and sanfrancisco. it's also the place to bring your questions should you have questions about how things work as you are engaged in small business. so, my script is as follows: the office of small business is the city center point of information assistance and referrals project endorse and small businesses in san francisco both new and established. we provide a free and one-on-one assistance to each client achieve their business goals to address their needs. our services include a check list of required registration permits license and zoning requirements get so don't go to those agencies first. come to us first to find out what you need to go next and don't listen to outside sources before you talk to us first. our advice is free and probably a little more accurate than other sources. we are also here to connect you to the city funded business resources and partnerships that provide business planning, access to finance, legal and technical support and other assistance required to start and m

if we want to help businesses create jobs, we need to help small businesses. every american relies on small business in some way or another, from their employment to shopping needs. given the crucial part they play in our economy, ensuring their success just makes common sense, and that's what this bill is, just a commonsense bill, a bipartisan bill to help small businesses across our great country. despite the important role that small businesses have in driving economic growth and job creation, they can be underrepresented in conversations about regulations affecting them at every local level of government, and their concerns are not always heard. this doesn't just harm small businesses, it can adversely impact investors and the public at large. the s.e.c. has done an admirable job supporting and advancing the priority of small businesses. this bill, the s.e.c. small business advocate act, simply gives the more tools to understand their needs and concerns. the s.e.c. small business advocate act mirrors provisions found in the dodd-frank bill which created th

a big business someday. and that's fine. that's what this helps us do. strengthen those small businesses which strengthens jobs and the economy, provides that opportunity for people to be the provider rather than being on welfare and such. >> quickly since we're out of time this segment, what's the support for these bills? >> these will go through i think with bipartisan support with no problem. >> okay. thanks. and when we return, it is mailbag time. your letter to the it's coming up next. >> we're back with our closing segment of "eye on washington." it is our mailbag segment. it's when we read a letter you have sent to the mailbag page of joyce communications website. we read it right here on the air. and, congressman, we have a letter to you from rose. and she writes, dear congressman hardy, recent media has suggested the sba could do more to help small businesses. what things would you like to see them take on for nevada businesses in particular? >> the main thing that has been happening -- and i think

chase for business. so you can own it. chase for business. looking to say, why does he still work here?tt, dan: i've known for a long time that the guy's lazy. but, god, it's like pulling teeth to get him to do anything. the website, it's a mess. it should never have gotten this bad. lemonis: so what is the solution on matthew? man: i'm happy to let him go. you know, he's gonna be replaced. ♪ mike: go ahead. have a seat. we appreciate all that you've brought to the table in the past, but we're gonna make a break. we're gonna let you go. performance and stuff has, you know, not been kind of up to par. marcus was looking for information from you. for all intents and purposes, you kind of blew him off. and the fact that he's coming back and requesting a second time is just a poor call. we've had the conversation before. you're given assignments, and you decide kind of what you want to do and not want to do, and we just continue to kind of circle back to the same points, and, you know, in my heart of hearts, i'm not sure that that doesn't happen

business merchants or pvr's small business. so this is about , what, 150+ >> that's correct >> willie of the 240, there's 90 we don't know about yet. i think it would be interesting to know very specifically and 90 sites that are potentially affecting small businesses of the kind we often represent here. the other thing i think is that i presume this requires the owner of the property wants to sell to developer who's going to do this? >> that's correct >> then there's a survey i love those $.90. i me so how many are going to sell the property? some aren't. some are landlords like your tenants and are not in this other site because they want the hardware store to be there in perpetuity. they're not going to where they don't have an appetite for developments. so we know there are properties that sit in trusts the people who don't want to develop the property could they like it just the way it is. so we can get those. then we get down to the very specific number of sites go and survey them and determine what businesses are at risk

business mbs.com.we can't wait to see them. thank you so much for joining us today. here's something that i learned on today's show, you cannot underestimate how helpful it is to have a group of small business owners around you. i have a formal group that i meet with once a month. but this can be formal like we showed in the piece, or informal. it's just nice to have people around who hold you accountable, and who you can ask questions of. and you have to trust these people. you want to be honest with them. now, we'd love to hear what you thought of the show. if you have an idea, or if you have questions or comments, just send us an e-mail to your b yourbusiness@msnbc.com. or our website, open forum.com/your business. we posted all of the segments from today there plus a lot more. don't forget to connect with us on all of our digital and social media platforms, as well. next week there are plenty of ways to market your brand. here's a new one, the owners of a clothing company thought that launching a c

business.nd he has got a lot of energy. he's got a lot of optimism. about the prospect. he is a fantastic leader. emily: what about travis kalanick? sir michael: travis is somebody i do not pretend to know well. emily: he is so controversial. sir michael: controversial -- have you met anyone who is not controversial that has done interesting things? emily: having known three decades of leaders in silicon valley, do you think you have to be arrogant to be successful? sir michael: four decades. emily: four decades. excuse me. sir michael: lots of leaders have to make decisions about going in directions that may be is not popular in the organization. and sometimes, it spills over into arrogance. i'm different from how i was in my 20's. bill gates, who is in his 50's, is very different from what he was in his 20's. everybody learns a lot in their pursuit. so, the understandable energy and enthusiasm sometimes spills over to arrogance, and some people in their 20's tend to get softened over time. em

business, asian business.ow the gay and lesbian designation. that diverse business is a percentage of sales that the government has to spend with these designations. >> reporter: that means 23% allocated for small business is further broken down by designation. for instance women-owned businesses get 5%. if your head is spinning rosemary recommends contacting your local small business development center to help figure it out. that's how she connect ed with linda. >> let's have you come over. >> i'm dying to meet charlie. >> reporter: people experienced in doing business with the government like linda can guide you through the process. >> number one, you need to understand who your target markets are. it's not just saying i'm going to get government contracts but who will buy the products, how they buy and understanding the process. >> reporter: understanding the government customer means understanding the unique product needs. >> the government is looking to purchase recycled products. that's a key initiative.

chase for business.th greater financial clarity and a relationship built for the unexpected, she could control her cash flow, and keep the ranch running. chase for business. so you can own it. are taking charge of their type 2 diabetes with non-insulin victoza®. for a while, i took a pill to lower my blood sugar. but it didn't get me to my goal. so i asked my doctor about victoza®. he said victoza® works differently than pills. and comes in a pen. victoza® is proven to lower blood sugar and a1c. it's taken once a day, any time. victoza® is not for weight loss, but it may help you lose some weight. victoza® is an injectable prescription medicine that may improve blood sugar in adults with type 2 diabetes when used with diet and exercise. it is not recommended as the first medication to treat diabetes and should not be used in people with type 1 diabetes or diabetic ketoacidosis. victoza® has not been studied with mealtime insulin. victoza® is not insulin. do not take victoza® if you have a personal or fam

business. we serve at risk youth ages 18 to 22. they learn everything from serving to business management to cooking and then actually run the restaurant, which taps into the amazing tourism industry here, the hospitality industry in san francisco. so their future is going to look bright, we hope, as they continue to participate in events like this. we're also super grateful to earl and the office of economic work force development for putting on supersoul 50. we're going to go ahead and take saturday, february 6, and highlight old school cafe and our qui seen. we have a fantastic gumbo, we have $4 off gumbo and we encourage everyone to come in and try us that night. since downtown is going to be busy and lots of excitement, they can come discover some of the hidden gems in our city. so we offer our support and appreciate all that small business does for us. thank you. >> thank you very much. >> good afternoon, my name is john hornstadt, director of sales and marketing at the hyatt regency of s

business. how the public would make recommendations would be through general public comment. >> so they have to come in? >> they do not. they could snit a written letter which is submitted to you electronically from the office, from us, and then you are certainly welcome under new business to bring it up. >> i mean the fact that i just asked that question might suggest that having my small business owner hat on, i did not know that. so maybe having something on the web site that tells you how to go about proposing new business --. >> that is a good idea and that is something we can add to the commission section of the web site. >> this tag line, the small business commission is open for new business. >> then one other area we can also make sure is that on the biz portal, when you get to the home page if you do scroll down there are 3 boxes that are designed just for announcements, things like annual tax filing is coming up. so, again, we'll coordinate with jane to just make sure that the link t

business would get back because if the business is occupying 3 thousand square feet and that business will have only 1200 how is that option going to be first right of refusal, be practically workable for that business if that business was using a space that is not going to be able- >> [inaudible] >> equivalent. i just want to know what your recommendations are, first the minimum and second, the ordinance is not going to make it as a condition for the rate that would be applicable for the business to come back. in other words, the rate is not a condition, however how about the space? >> i think that is a interesting question. while you were talking about that i was going through that in my mind. i think there are a lot of interesting dimensions about that we could add. i have concerns about being too prescriptive. i imagine if there is a building single story and covers a entire lot, if there a multistory building we need to dedicate some of the ground floor to get to the top. what percentage is the right amount? i don't know. i think maybe there is language you can help craft and out

chase for business.nd with a complete view of her finances, she could control her cash flow, and keep the ranch running. chase for business. so you can own it. >> i think unfortunately where we're at is cut your losses, liquidate your inventory, pay your vendors, work your way out of your lease, and go home. you don't have the time. the other scenario is--it's a little like a hail mary. you should let somebody else run the business, and hope that somebody else can execute it because you don't have the time. >> i grew up in retail. to me, this is second nature. i love this. i love coming in here and rolling up my sleeves. >> greg, i'm not sensing that you have really been involved to date. no one's ever here. who's in charge? i don't know. >> i'm not here every day. i readily admit that. i can't imagine not being involved. >> and how about you, bill? >> i could be not involved. >> here's my offer. my offer is i'll put $300,000 into the business. i would own 51% of the business. the management team would o

and you're a small business owner, i'm a small business owner.ou recognize how frequently you're bombarded by people trying to sell you things that you ultimately don't need. what ends up happening in small business lending with, business owners are taken advantage of. terms are otaken from them. it's all about empowering business owners with information so they can come out on top. >> what are some of the tenets of the bill of rights? >> there's a broker section on the bill of rights. the way a broker generally operates is they'll put a business owner into a product or work with a lender that will pay the broker the most amount of money, not a lender that will provide the lowest cost capital. brokers must provide a business owner with all the information about all of the products for which they're actually eligible. >> is this actionable at all? you have a bill of rights out there. what does it actually do? >> in my mind it lays a foundation for best practices for lenders and brokers to abide by to ensure that the whole world and ecosystem of on

that's generally businesses, large, large businesses that are headquartered in san francisco. in order to qualify for this you need to have over a thousand employees and you have to have over a billion dollars in u.s. receipts in the last fiscal year. so it's not a lot of businesses qualify for this, but we do ask this of all businesses in case they need to do that. it's a new tax of the gross receipts tax, so we'll answer no for the small business. then we have the payroll expense tax filing where they enter how many employees they have, let's say they have 10, and how much payroll expense was, let's say a million dollars, click save and continue, it kag collates their payroll expense tax showing back to them what they have entered, if they qualify for any exclusions. by far the most common exclusion is the net new payroll dmruetion, a few thousand businesses qualify for that, those are businesses with $500,000 or less in payroll expense, they have growth that's added either work hours or employees in the last year so that was passed by the board of supervisors a few years ag

if they don't turn this business around soon, there won't be any business. jim: damn it, i'm tired of this. lemonis: look, this place had potential, but if we could turn it into a real pie store, a destination, not a cluttered mini-mart, with pies that are homemade with proprietary ingredients in great flavors and a great atmosphere, then this place would be great. and if jim and allison could agree, then we'd have a deal. i will put up to $450,000 to satisfy the payables as needed. i will have 51%. you will have 49%. jim: no, that's not gonna happen. lemonis: what if we make, for a wage, $1.00 for every pie that we sell? -do we have a deal? -jim: we have a deal. lemonis: and with the deal done, i made my first and most important move. i have to tell you we need you here. and this is more important than any pie we'll ever make, but i'm gonna need your help. you're gonna be our leader here, okay? tammy: okay. lemonis: but in order for you to be able to have a good peace of mind, i'm gonna give you six months worth of pay, and i'm gonna pay you $1,000 a week s

business merchants or pvr's small business. so this is about , what, 150+ >> that's correct >> willie of the 240, there's 90 we don't know about yet. i think it would be interesting to know very specifically and 90 sites that are potentially affecting small businesses of the kind we often represent here. the other thing i think is that i presume this requires the owner of the property wants to sell to developer who's going to do this? >> that's correct >> then there's a survey i love those $.90. i me so how many are going to sell the property? some aren't. some are landlords like your tenants and are not in this other site because they want the hardware store to be there in perpetuity. they're not going to where they don't have an appetite for developments. so we know there are properties that sit in trusts the people who don't want to develop the property could they like it just the way it is. so we can get those. then we get down to the very specific number of sites go and survey them and determine what businesses are at risk

business.nd he has got a lot of energy. he's got a lot of optimism about the prospect. he is a fantastic leader. emily: what about travis kalanick? sir michael: travis is somebody i do not pretend to know well. emily: he is so controversial. sir michael: controversial -- have you met anyone who is not controversial that has done interesting things? emily: having known three decades of leaders in silicon valley, do you think you have to be arrogant to be successful? sir michael: four decades. emily: four decades. excuse me. sir michael: lots of leaders have to make decisions about going in the direction that may be is not popular in the organization. and sometimes it spills over into arrogance. i'm different from how i was in my 20's. bill gates, who is in his 50's, is very different from what he was in his 20's. everybody learns a lot in their pursuit. so the understandable energy that sometimes spills over to arrogance, and some people in their 20's tend to get softened over time. emily: you w

make your business phone mobile with voice mobility. comcast business. built for business. ♪ francine: welcome to "leaders" with me, francine lacqua. pearson is an international publishing company, with its biggest businesses in education and books. earlier this year, it sold two of its most well known brands, the "ft" and "the economist." in an exclusive interview, i speak with the group's ceo, john fallon, about his vision for the company, and the impact of selling those established brands. john fallon, thank you so much for speaking to bloomberg. we have been talking about an "ft" sale for as long as i can remember. what was the clinching factor? when did you decide it was for sale? john: i think there wasn't a single moment. i think it was a progressive process, really. that i have said all along, and it has always been important to me, to ask ourselves honestly, are we the best owners of the "financial times" for the longer term? pearson have been fantastic owners of the "ft" for over 50 years. i think we have been great guardians of the editorial i

our businesses.f people, get them excited, get more people around us, get them excited, and continue to grow. that is what we have done with the event. that is what we have done with the new leadership council, and what our successful businesses have done within their companies as well. pat: i think the new breed of philanthropies is really asking questions about not only wanting to participate and give time or give money, but really looking at the opportunity to see the results of their work. so, if anything, i think they are bringing a sensibility about understanding the impact of where they make their donation of time and money. zach: my personal approach to philanthropy is really to generate as many smiles as you can for the dollars to which you are donating and raising. and i did not want to wait until later in life to be able to make a difference. at the end of the day, we are here for the mission of make-a-wish, what make-a-wish does, the impact it has on children facing life-threatening illne

for my $750,000, i will own 50% of the business. you will own 50% of the business. dane, i have no problem giving you back your original investment of $2,000 at 5% interest, but you will get no equity, because you haven't put enough in the business to deserve it. there's no justification for it. you will be 100% commission. if you perform like you've told me you're capable of performing, you will earn 5% equity a year up to 15%, and both of us will contribute to that pot. >> there just has to be some accountability. >> he'll be accountable to me... and that's not easy. >> i could go forward with that. >> that's not really an attractive offer for my personal interest. >> dane, you put $2,000 in the business. >> i mean, i would--i would feel more comfortable selling everything at once-- the building, the shares. >> not gonna happen. you know, dane's just being greedy. he wants equity with no effort, and now he's trying to get me to buy his building. he just wants me to give him money like a handout. if you don't agree to this, they leave. and whether it's in this buil

lemonis: it's very busy. it's very -- mark: where's busy? the box itself? lemonis: where's busy?sy? -sam: but if look at -- -mark: well, i guess -- sam: if you look at voluspa, it's busy. -mark: wait, yes -- -lemonis: it is, but it's one continuous pattern. mark: yeah, but that's what differentiates us and it's also at an angle right now. -lemonis: you just asked me. -mark: yes. -lemonis: i'm telling you. -mark: yes. -lemonis: it's busy. -sam: what do you like about it? lemonis: i like the floral pattern, but it's very feminine-skewed. here's what i would ask you to try. mark: females are the ones that are buying candles more than men. it is somewhat gender-specific. lemonis: mark, you can't argue. the big candle companies are a little more gender-neutral. i mean, i know that women rule the world, but they're not the only ones who buy candle. we're gonna make baby steps. a little feedback. make the change. i...think he'll get there. mark: this i think looks incredible. i'll still stand by it. lemonis: if your business is in trouble and you need my help, log on to... i use what's

bloomberg now for the business flash. the biggest business stories in the news right now.res of exxon mobil are following today. they're cutting the drilling budget to a 10 year low. they are also holding share buybacks while trying to deal with the slumping oil markets. scarlet: dow chemical ceo will leave the company after the completion of its merger with dupont. a trio ofeate separate businesses focus on commodity chemicals, agricultural products, and materials. dell posted there fourth-quarter earnings that beat analyst estimates. google parent also that has overtaken apple to become the world's most valuable company. they reported higher profit and sales fueled by a moving out of business. booming added business. that is your bloomberg/update. investors will not just be looking for the numbers at yahoo! today. they're looking for clues that they can become irrelevant giants again. scarlet: since marissa mayer took the helm in 2012, revenue has declined more than 10%. ceos have tried to turn the company around, and all of them have failed. many investors are saying th

for my $750,000, i will own 50% of the business, you will own 50% of the business. and with that money, we would start with some small moves, like improving the packaging, launching a new website, purchasing some mobile candy vehicles. peter: oh, my god! -allison: oh, my god! -lemonis: but the big move? well, that was to find a new retail location and build out an industrial kitchen. peter: this place that i'm thinking of is right across from city hall. it's right near public transportation. lemonis: and while i was skeptical at first... it feels like i'm going into a haunted house. ...and we found a 110-year-old historic mansion in downtown jacksonville and purchased the property for $500,000 and started the renovation. it's been four months since we took ownership of that property, and i've spent $2.3 million renovating it. we're just a few weeks away from our grand opening, and i couldn't be more excited. -allison: marcus. -lemonis: hey, how are you. allison: i'm doing wonderful. how are you? lemonis: this place looks ridiculous. allison: thank you. lemonis: this

chase for business.h a complete view of her finances, she could control her cash flow, and keep the ranch running. chase for business. so you can own it. at sleep train's cpresidents day sale, save up to $300 on beautyrest and posturepedic, get three years interest-free financing on tempur-pedic, plus same-day delivery. hurry! sleep train's presidents day sale ends sunday. lemonis: and so for the $1.5 million, i would want 45% of the business and 100% say on his path without any question from you. and so if i say this is his job and he doesn't like it, too bad for him. and i'm a lot harder than you are. mary: that's what he needs. lemonis: i want to pay off the mortgage. i want to ensure that the facility is acceptable and make sure that there's plenty in the bank so that you guys feel like you can take care of your family and your bills so that you don't ever have to feel like 2009 and '10 again. mary: i think i'm gonna cry. [ chuckles ] lemonis: does that help, mary? mary: yeah, absolutely. when banks

and while it was tough to let him go, the business is bigger than all of us, and the business deservesect than that. i asked the guys to meet me at a restaurant nearby so i can tell them what joe and i just talked about. hi, guys. -covello: hi, marcus. lemonis: well, you guys know why you're here? fuji: no. lemonis: do you notice who's not here? sammy: joseph. lemonis: joe and i just had a really, i would say, good discussion. what i told him was that i wasn't comfortable with him being the manager anymore. todd: i'm shocked. lemonis: you are? why? todd: he put his heart and soul in it. lemonis: yes, he did. but he made a mistake, todd. in this moment, he's able to be a partner, help the business from a distance just like you guys do. todd: he works hard. he puts heart into this place, and that's why i'm shocked. covello: what's the game plan? lemonis: in order to sell franchises, we have to have one that really works. and so we need to find a general manager who can be objective, who can report to each one of you, and that's it. they just need to run the business that way. sammy: i ha

chase for business. so you can own it. i'm a mechanical engineer. chase for business. go do anything i want tomorrow. lemonis: meaning that if you don't like the sort of plan -that's in front of you -- -michael: correct. i can go do something else, yes. you know, i get offers all the time. i can go start my own business tomorrow. whatever i put my mind to, i know that i can be successful. so that's my point. it's like what's keeping me here? lemonis: while we're going through the financials and trying to understand the performance of the business, michael brings up the necessity to have equity, almost like it's been brewing inside of him. michael: this company isn't the same if i'm not here. you're still peddling 2.5 gallons to restaurants only. the entire future of the brand is based off of my vision. richard: that's something i'm not so sure of, michael. michael: would there be pints if i didn't come in? richard: there was. -lori: there would not be pints -if michael was not here. -michael: thank you. lemonis: you feel like you're bringing such value to the table. mi

get expert advice for your small business at att.com/small business.now how to cover almost alanything.ything, even a stag pool party. (party music) (splashing/destruction) (splashing/destruction) (burke) and we covered it, october twenty-seventh, 2014. talk to farmers. we know a thing or two because we've seen a thing or two. ♪ we are farmers. bum-pa-dum, bum- billions are spent to confuse and, dare i say it, flummox the american public. "save 16% on car insurance." "switch now..." well at compare.com, we say enough's enough. so we've created this mind boggling facility. where we're constantly scrutinizing millions of rates... answering the question: who has the lowest. go to compare.com, plug in some simple info and get up to 50 free quotes. choose the lowest, and hit purchase. it's fast and easy. compare.com saving humanity from high insurance rates. but i'm looking to say, why does he still work here?tt, dan: i've known for a long time that the guy's lazy. but, god, it's like pulling teeth to get him to do anything. the website, it's a mess. it sho

>>> open for business. economic sanctions may be lifted but western companies still face big obstacles trying to do business in iran. all that and more tonight on "nightly business report" for thursday, february 4th. >> good evening and welcome. high drama on capitol hill. it involved grinning, mugging for the cameras, insulting tweets. the word imbusineeciles, referro members of congress. but no testimony. the leader of turing chemicals refused to testify today. the man known as pharma's bad boy for raising the price of an older drug by 500% cited his fifth amendment right against self-recrimination. but as meg reports from capitol hill he was anything but silent. >> reporter: representatives from valiant pharmaceuticals, fda, and the pharmacy benefits manager industry group, were all invited to testify today at a congressional hearing on drug pricing. but the star witness was the infamous martin shkreli. his former company, turing pharmaceuticals, gained notoriety for hiking the price of a 62-year-old dru

businesses?sinesses are already. because if you go back to the real reason for business -- and i'm sure there are exceptions -- but the real reason for business is to really solve some of these problems that are out there in society. the problems of food security, the problems of access to water, the problems of climate change. although they are challenges, are at the same time enormous opportunities to invest behind. technology allows us to do that now. and funding ultimately has to come from business for a great part of that. business is about 60% of the global gdp. 80% of the financial flow. and 90% of the job creation, these days. so if business does not get involved, i do not think we will even achieve these objectives. and responsible business people increasingly realize, not only from a moral or humanity point of view, that this is the right thing to do, that it's actually good for business. francine: why is it good for business? paul: well, if you look at our business and the food busines

. >> his business life is extraordinarily busy.al at his time of life is the ability to find time to devote to other causes other than his career. and yes, that is impressive. mittal: i think my life's work will be in steel but i hope i can have a lasting impact on philanthropy. i spend most of my time in the steel business. i have not migrated to the point where you dedicate your life to such causes. i hope to one day. ♪ ♪ francine: welcome to "leaders." santander is one of the oldest and biggest banks in the world. with a footprint in spain, the u.k., and the united states, it is a truly global bank with more than 100 million customers. now recently, the spanish lender had undergone several big changes, most recently when emilio botin, the executive chairman, passed away in4.

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make your business phone mobile with voice mobility. comcast business.lt for business. >>> welcome back. better late than never. last august, we told you about wealthy families caught living in government subsidized housing paid for by you, the taxpayer, like a family in new york city making nearly half a million bucks a year, now, the white house throwing out a plan to kick out rich folks like that. mike says this is why we need to kick out the government from the housing assistance business. >> thoos right ft anytime the government gets involved in something, at least scarcity, right here in new york city, the government had put in place a lot of so-called affordable housing. generally terrible places to live. plus u, it's boost up the prices of other nonsubsidizeded housing. if you're a middle class family in new york, good luck finding a place to live. >> we want to take care of the poor, but should we kick the government out of housing for sure? >> no, don't end government housing, however, fix the warped incentives. the problem is somebody whose in

presence especially minority business presence. ianted to expand my retail grocery business. he said they was more into manufacturing. so i went out and found a manufacturing business and brought it back to him and said, i think we can get behind it, steve and i, and launch the only states. so we went to walmart and talked to the chairman of walmart, doug mcmillan. he bought into it. he saw the great opportunity to put people back to work. >> what do you anticipate for 2016 revenue with ameritech? >> first year if we can get 50 with it. >> so steve is really big on having his family involved in the business. and i know that you share similar values. tell me more about that. >> my three kids work with me in the business ever since they came out of florida a & m college they came right back into the business. my daughter got a master's in h.r. my son got a mar teres in marketing. youngest son has a degree of accounting. my wife of 45 years is working with me daily. so i'm very family oriented along with other 4 or 500 other employees

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we can't run a business that way.hat products come in through the door --he say that they fit in our niche. lemonis: i can't do that for you. but what i can tell you is that i subscribe to your same philosophy, and i would never put my own dog in jeopardy or anybody else's dog in jeopardy to make a buck. lisa: okay. giovanni: good enough for us, yeah. lemonis: so, my offer is $1.7 million for 40% of the business. when you pay back the $1.3 million, it reverts back to 25%. do we have a deal? giovanni: oh, my god. -is it fair? -david: i think it's fair. giovanni: i think it's very fair. -lisa: okay. -giovanni: are you -- -lisa: i'm happy. -giovanni: yeah. -lisa: we have a deal. thank you. lemonis: all right? when i write this check, i really am 100% in charge, for real. giovanni: we're looking forward to it. lemonis: this is an unusual transaction for me because it involves two separate offers. offer 1 is $400,000 for 25% of the equity. offer 2 is $1.3 million to give them the ability to finance the acquisitions they wa

make your business phone mobile with voice mobility. comcast business.or business. >> "bloomberg best coming up on "bloomberg best, -- >> coming up on "bloomberg best ," the stories that shape the world. a production freeze interrupts the oil route, but for how long? >> i would like to stay in the market. that is it. shery: and the fed weighs in latest set of minutes. >> they said let's wait and see what happens. shery: a pain for some, joy for others. >> you are right, we crash it. banks while european