with her is greg matt, a business loan recipient. welcome. >> thank you so much. >> greg, let's just jump in and ask you what your experience is with hebrew free loan. >> sure. a while back i had a dream of starting my own food truck. it was a phil's coffee truck. i was with the company for many years and decided to start something fresh and new. i wanted to build one myself. i got the approval and okay from phil. but the only caveat was i had to fund it, build it, and design it. i was really excited about it until i got to a point where i was not able to find the funds and was running into all kinds of problems with banks and so forth because i had no prior experience in owning a business. so i was told that there is such a program as a hebrew free loan actually from my mom who used to work for an agency with cindy in the past. so she said well go ahead and look it up and check it out. i went in there and met cindy. i told her about my concept, my idea, my passions, and what i wanted to do. cindy was very supportive and went through

. >> which means you're not going to get -- >> small business loan. >> you're not going to get the best rates on loans. >> you're not going to get a small business loan. >> you're locked out. >> you're locked out of the capital markets. andrew young said to live in a system of enterprise and not understand the rules of free enterprise must be the definition of slavery. >> so who's that on? >> these are our policy makers who don't understand capitalism and free enterprise themselves. we don't understand wealth comes from poor people. goldman sachs was a guy named goldman and a guy named sachs going door to door selling stuff. walmart was sam walton with a pickup truck, store front and high school education. so all of our big businesses were once small ones. we need to reward small business owner. i'll give you a tax increase -- decrease if you have a fund that funds small businesses and startups in emerging markets. but if you have half of black america, i don't care how brilliant they are, how smart they are, how clean they keep their nose, who have a credit score below 620 by no fault

first hub zone small certified business in delaware and also benefitted from sba loan products. a juice bar frequented, and they tell me that score consulting helped develop the business plan and do market research. i'm the ranking member of the appropriations subcommittee that funds the sba, so i'm particular interested in hearing from you about the sba funds from women business centers in mentoring through score and other sba other programs. i worked to create the wbc funding by 20% since 2015, and i think they're a very important network across the country that helps address access to capital and mentoring and business planning. so i'd be interesting from hearing from all of you about what your view on wbc's are, whether they're relevant and important in terms of network. and then second, the networking that you spoke to, the need for mentorship, score i think does a great job in delaware, but i'm not suref that's a case nationally. in delaware that's a program called we think that provides yearlong mentoring for women entrepreneurs to tackle some of the challenges that may be

lenders decide if they want this business and this loan in their portfolio. it's very different. we need to start creating some parameters and diplomat and 71 of dodd-frank act. thank you. >> thank you. thank you, mr. chairman. .. small businesses reached out and important with tax reform. like many of the small business owners that i've had the opportunity to interact with and speak with as i'm out doing my 99 county tour, she said the biggest two obstacles that she has for her small business are the high taxes and the regulations. so, really, two burdensome areas for her and today, her marginal tax rate and for other small business owners they can get as high as 45% on those small businesses and the average small business owner spends over $12,000 annually just in dealing with regulations. so, just for all of you, are current tax policies hindering entrepreneurship and what would lower tax rates have on small businesses in strengthening the entrepreneurial eco system for women? any of you, if you could address that. >> yes. thanks for the question, senator. i'm just say there's

the first hub zone, certified small business in delaware benefited from sba loan products and use one of my favorite the premium juice bar in downtown. they tell me that score consulting help develop the business plan to do market research and i'm the ranking member of the appropriations subcommittee that funds the sba so i am particularly interested in hearing from you about the funding for women business centers and mentoring through score and through sba offices and other programs limited to those i could. i have worked to increase funding and i knew i get a smile for that. i think they are important network across the country that helps address access to capital and mentoring and business planning. i'd be interested in hearing from all of you about what your views are about wbcs about whether their generally accessible or relevant or important in terms of a network and then second the networking that you spoke to the need for mentorship score does a great job in delaware but not sure if that is the case nationally but in delaware there's an innovative program called me think partn

can see the difference in terms of venture capital funding, the total amount of conventional business loans and then the prime contract awards, which is cannotexactly what allu had to say, but when you see it on that chart, it really brings it home. just the disadvantages that women-owned businesses face. ms. richards, you told a story that actually reminded me of my own experience about the entrepreneur who was turned away because her husband wasn't there. i remember when i first was applying for credit, my husband had to sign the bank forms in order to do that, because we hadn't yet changed the laws. so how do we continue to address these issues, and what other steps can we take to prevent instances of bias by bank lenders against women business owners? >> disclosure is critical. so 1071 of the dodd/frank act requires data to be collected on women and minority-owned businesses and the loans made to them. until we can start quantifying, really, the discrepancy, instead of just using anecdotal information, we're not going to really be able to get to some of the roots of it. small business l

i really doubt i'll get a small business loan when the head bank teller saw me screaming and spitting at the a.t.m. outside oh cirrhosis the night before. overdrawn my ass. ok let's forget about your apparent alcoholism and back up why you are a community bank struggling so much what is going on here you can ask wall street lobbyists who wrote god frank all that extra red tape that was there to supposedly rein in big banks only force the smaller ones to fold lawmakers are only now realizing that a one size fits all approach to regulation doesn't work for a nation's banking system the same way it doesn't work for free t. shirts at a rock concert. either you're wearing a card or you look like a pillsbury crescent rolls and exploded in the fridge. you know that you have the right i worry about north dakota well too cold of the belly button out although you also know the worry about running in any want to north dakota since it's population is the same as d.c.'s but it's over the entire state never thought of a no leave see that's the beauty of it north dakota spread out with people that d

ofert funding these businesses need to grow and thrive, there are still three million fewer small business loans made annually today than there were before the 2008 financial crisis. h.r. 2201 seeks to build off the success of the jump-start our business start-ups act of 2012, bet known as the jobs arkts and will continue to spur capital formation for the true job creators and drivers of our country's company. the micro offering safe harbor act add another tool to the tool kit enabling to confidently find alternative ways of raising these funds without having to pay for costly securities experts and without the fear of laws suits -- lawsuits they operate within these easy to understand parameters. hat's why this act is endorsed by the national small business association, the small business and entrepreneurship council, the national federation of independent business, the chamber of by the national small business association, the small business and entrepreneurship council, the national federation of independent business, the chamber of commerce, heritage action, and engine, the voice of start-up

businesses and everyday americans. >> but household debt is at an all-time high and so are bank loans to businesses. now business loans have slowed in recent months but analysts blame uncertainty over tax reform for that, not the cfpb. when you hear these criticisms about how it is this rogue, renegade regulator, you never really here specifics. you just hear that it sort of is crippling the american economy and it's got its hands all over the economy. what we do know about it is return money to wells fargo customers, to citi bank customers. to people who have been scammed by student loan companies. so that's where there's a real disconnect. >> the one thing i hear is that small businesses have been having a hard time getting loans in recent years. any truth to that. >> >> we look at these loan balances, the loan balances are rising and there's record loan amounts so i'm not sure that -- that holds true. >> evidence would help. >>> breaking overnight police have the man they say terrorized the tampa community for weeks killing four people at random. how they tracked him down, next. i'm only in my 60

bill dt small business loans and they go on to own their own business. david: how does them? a little bit of advice? ross: that is a great point. when you leave the military you might have a good business idea, you don't understand how to run a business, how to read a balance sheet and all the rest involved. that is what is so great about our financial institutions. butnot only get a loan, associated with that is the education that goes along with that. it will be advertised. it has been advertised as an avenue for veterans. we are starting off in three states, north carolina, georgia and -- north carolina texas and california. we have identified three financial institutions specifically that will support our veterans and those states. you deal with a broader set of issues. when it comes to veterans getting a job in the civilian workforce, how long does it take them to get readjusted and breaking their skills into the civilian workforce? ross: i don't think there is one set time. what we have identified is there are too many veterans that is they come into the private sector

. >> we can't go to a bank and ask for a small business loan to fund that, whereas every other businesscalifornia would be able to do that. >> all right, right now, 6:48. sal, let's hit the road -- sal has hit the road on the way to napa. >> i thought you were in the building with me. >> well, you know, i kind of left and now i'm on the road, and i'm out here experiencing some of the slow traffic that i talk about all the time. we're approaching the maze and you might want to take a look at this slow traffic. you might be able to see if in the background, creeping along to the bay bridge. we have another traditional shot of the maze i could show you if we go to it now, westbound. you could see traffic is going to be slow. just a lot of people. and i think the time change had something to do with this. people getting up a little earlier and we've seen the commute end earlier. so people taking advantage of being up early and getting on the road and trying to beat the traffic. bay bridge toll plaza is crowded. we're looking at other commutes here, the traffic for example in contra costa co

identify other places that, you know, businesses can get funding, liking making available small business loans and -- and things of that sort prior to limiting the way that people can raise cap pital, th would be really thoughtful, and i just want to just also make sure that everybody realizes that on-site consumption is also a tool, a tool that's used to get people off the streets, and that we spoke to the head of dph for the state, who said that he understood that, and that he would follow suit of the local municipalities, so i hope that you take that into consideration as you move forward. exami and lastly, i just want to express my strong support for the equity program. i want to thank supervisor cohen for taking the lead on that, and that is all. i hope you have a wonderful day, supervisors. >> thank you. next speaker. >> hello. my name is brandon brown. i'm with the equity working group. i'm a retailer, as well. i'll be real quick. appreciate you guys on these long -- these long hauls for public comment. i just want to touch on the consumption lounges as forcing the elderly, as well as l

david: charles, break it down between business loans and consumer loans.p, to acn increase in the growth rate for -- do we see an increase in the growth rate for the business loans? charles: no, we started the year in the single digits and now we are running around 1.5% year-over-year in terms of the demand. if you look at senior loan officer surveys it is not showing the demand picking up. i think, one could argue that it is the shadow market banking system and it is the capital market taking that activity away from the bank and i think there is truth to that. but, i was talking to a portfolio manager of loans this past week and he was saying that the covenants that are being allowed now are disastrous, in terms of the leniency. so there is pricing competition, there is loan covenants being waived, this is typical end of cycle stuff. jonathan: charles peabody, always great to get your perspective on things. thank you very much. gina, obviously we always appreciate her insight. thank you for joining us. 12 or 13 minutes into the section -- session. the s&p

loan. kiva helped him start a cleaning business. >> it opened up the visions that i always had. >> a vision that has led to a brighter future. in san jose, janine de la vega, abc news. >>> all right. let's talk about the weather and some rain on the way. >> all right. when is that going to be? >> it's going the start on friday. now i do want to tell you that you do have to take these storms seriously, even though they're not going to dump a lot of rain. use know, it's going to be slippery and slow going as we start to see the rain on friday. breezy at times and chillier conditions are expected. it hn't rained in a while. so you knowhe t drill. the oils get drawn up. and it's obviously one of those situation wrasse you will have to allow yourself extra time for the friday morning and evening commute. in terms of the storms, let's take a look at friday, saturday. on our storm impact scale exclusive to abc news, we have a level 1 for friday, saturday. light to moderate rain. we're looking at 1/4 to 3/4 for most areas. but the hills may pick up 1 to 1.5. the rain total entrance back off as we'r

loan. kiva helped him start a cleaning business. >> it opened up the visions that i always had. >> a vision that has led to a brighter future. in san jose, janine de la vega, abc news. >>> all right. let's talk about the weather and some rain on the way. >> all right. when is that going to be? >> it's going the start on friday. now i do want to tell you that you do have to take these storms seriously, even though they're not going to dump a lot of rain. use know, it's going to be slippery and slow going as we start to see the rain on friday. breezy at times and chillier conditions are expected. it hasn't rained in a while. so you know the drill. the oils get drawn up. and it's obviously one of those situation wrasse you will have to allow yourself extra time for the friday morning and evening commute. in terms of the storms, let's take a look at friday, saturday. on our storm impact scale exclusive to abc news, we have a level 1 for friday, saturday. light to moderate rain. we're looking at 1/4 to 3/4 for most areas. but the hills may pick up 1 to 1.5. the rain total entrance back off as we

business in san jose? happening tod m >>> happening today, do you need a loan to start a small business in san jose? happening today, the mayor will launch a partnership with a nonprofit group. they provide zero interest crowd funded loans to small businesses. san francisco's goal is to end the cycle of poverty to give people money and tools to better their future. >> i love supporting that. >>> coming up on "today in the bay," first day of november. kari, it's feeling like fall, thank goodness. >> finally. we continue on with fall-like weather and continue with winter. a live look at san jose, let's go to willow glen. mid to upper 60s today. a day like yesterday. a few degrees warmer in spots. we'll talk about this and more, coming up next. >>> tracking this deadly crash leaving one lane open through san pablo. this is going to be a huge problem for the upper freeway. another problem, a fire on caltrain tracks. we'll talk about that as well. >>> everybody is so scared to walk to school. >> a struggle over unsafe streets. what neighbors are asking for and how our investigation may help them get it. i

you can get small business administration loans to replace personal property and they consider cars includedanyone who has impacted severely by the wildfires can apply. i would suggest you get on it very quickly. >> if people have more questions? >> what a great question. see, now you have a question. if you have a question for me, you can record a 10 to 15 long second. use the #ask finney. >> all right. thank you. >>> warriors may be moving to the city. but today it was all about the town. abc 7 news was at youth uprising in east oakland for a ceremonial tip-off to open the court. they gave the court a makeover and showing off the new town logo. >> by the end of next year, according to larry harper. we're on pace to get close the 100 refurbished courts. it has been over about 23, 24 years now. and they say they'll be wearing the town shirts for the first time. curry lost a fwoet javale mcgee. the respected college teams played each other and they went back and forth on twitter to get right bet. 81-68. if stefan won, mcgee would have caddied for him on the golf course. instead, steph will be

supervision, ecb banking supervision carries out detailed, comparative assessments of banks' business loans, which read into the ongoing supervisory dialogue between the supervisory teams and banks. this process is not prescriptive, but it helps bring to light important issues, such as the sustainability of banks' business models in a low rate environment and their operating costs in comparison with their fears, which in some countries are a concluding factor to low profitability. now, let me conclude. we are now three years into the life of the pmi banking supervision. the track record so far is encouraging. though the single supervisory is still a young and developing institution, it has in many ways adapted to the high expectations that accompanied. uniformnd supervision has led to higher levels of capital in a more resilient sector overall. the credit risk of banks is now less determined by the credit risk of their country of establishment. thank just incidentally the fantasticofor work they have done over the last three years. things that in hindsight would have been unthinkable two ye

and from the sba, we need business loans for businesses that have been destroyed. on october 27 through the environmental public works committee which i am also on, we send a letter to fema and the epa in the army corps of engineers asking for information about a timeline and the work that has been completed or is yet to be done as it relates to debris. i would like to get an answer to that, and if we could get that within the next week, i would appreciate that. there are about seven specific questions. as you are aware and has been mentioned, there are millions of cubic feet of debris in puerto rico. it is my understanding that we are looking at debris that is large. it ranges from rooftops to garage doors to refrigerators and couches, debris that people who live there cannot pick up and move. there has also been a compromise to the landfills in puerto rico that existed before the hurricanes hit and remain a problem. it is my understanding that fema plans to remove the debris, but i am not clear on what the timeline is for actually getting that completed. can you

business off the ground have some new hope. the nonprofit kiva officially launched yesterday in san jose and the peninsula. loanseurs giving small business owners a chance to get a loan. people can help people. >> so far 47 entrepreneur who is are borrowing money using kiva. they hope to do loan matches. >>> skiers will soon be hitting the slopes. >> ski resorts in the sierra want to make sure you stay safe. abc 7 news was where the nonprofit group ski california spoke about their new safety pamphlet. ski california represents 28 ski resorts in california and nevada. >> a lot of consistency, a lot of what is in here, at squaw valley and the intention to have something that would follow a skier from resort to resort. >>> the video behind me seems innocent enough. a man walks into a convenience store. there is much more to it than that. watch this surveillance tape. you'll see a woman, do you see that, she pops out of the trunk and runs into the store. she apparently had been kidnapped. so the man sees her in the store, high tails it back to the car and speeds away. police say he entered her home, tied her up and

and because they actually know how you're doing, they can make sure short-term business loans to you, because they are at your register it's a remarkable model. a lot of people felt it was going to be an afterthought. something dorsey had come up with and really didn't matter. instead, it's become the next big powerhouse that everybody has to confront. because they're doing so well. what that great quarter. >> yeah. you know, it's funny, my coffee card outside the nyse, he uses square now they're kind of advanced cash still a little bit quicker than using your credit card. >> well, yeah, and fastest is paypal, which eliminated the credit card and the cash dan shulman the other day on "mad money," really remarkable story that they have but sarah fryer is driving the bus here of square she's from goldman sachs this has a very heavy goldman sachs overtone david vineyard is on the board he's the guy that makes me feel very confident about the debt that they are taking on. >> yeah, and as you pointed out, square's market cap is very close to that of twitter and he continues to run both com

the lack of business loan growth the rate of loan growth hit its lowest since 2013 in the wall streetournal says. and it was the sixth straight decline. it is supposed to be a warning sign for growth, but is it or something else going on with corporate america? >> i don't know if it is on its face a huge warning sign for growth keep in mind, loan volumes are still growing. just the slowing of the pace of growth i think it is definitely a function of how long the expansion has been going on, how long the credit expansion has been going on. >> some people say, look, it is a good thing you're worried about debt levels at companies. >> yes, exactly. i do think that the bond markets have been so hot that large enough companies that can take advantage of selling bonds and a bank loan will do that, they're going to kind of the more generous lender in the market. >> still something to keep an eye on i think we get gdp numbers tomorrow morning >> thor industries with strong earnings it's what this country is made of. but right now, our bond is fraying. how do we get back to "us"? the y fills t

you can also get a small business administration loan for up to $40,000 to replace personal propertycars. now, anyone who was impacted severely by the wildfires can apply. you ought to be in and apply. thanks and good luck. >> if you have a question for michael finny he will be in san francisco this friday. michael and the 7 on your side team will be taking your questions at ghirardelli square from 4:00 to 7:00 p.m. you can share your questions on social media using t the #askfinney. >>> a controversial author scheduled to speak at stanford. two dozen student groups signed a letter in opposition to robert spencer's speech. they consider him an anti-muslim prop gandist and islamaphobe. students are upset that student fees were used to book him. members say they invited spencer to add a solely needed perspective to an important conversation about international security. >>> next at 6:30 a new warning about high blood pressure, the new guidelines that could mean unless more americans have the condition. >>> and a second gun store won't be coming to san carlos after all. the controversia

i thought i'd try out the poultry business so i took out a loan of about three thousand eight hundred euros i bought the chicks in kenya to sell them here and in russia but when i got to the kenya tanzania border point and i'm angered they said the chicks had to be destroyed because they could have the bird flu all six thousand four hundred of them were killed you know from their communities living in east african border towns usually move freely from one country to another some families even split their time between two countries mary thought this was an asset for her new business. tanzania banned the importation of livestock from neighboring countries in two thousand and seven this year it's had an extra push. in november alone government confiscated eleven thousand three hundred cattle from kenyan ugandan and rwandan herders auction in them for as little as thirty euros each we had to a large stock market on the kenyan side of the border. of the traders who manage to make it to the market if the tanzanians who end up making the most money their cows a cheaper and seem healthier the

guy who needed to put inventory on his shelf so he can stay in business, the kind of loan that is the butter of america, the bread and butter of real consumers but the cost of it is impossible which is why the agency is out of control. >> much more you can expect on that throughout the day but we have to talk about roy moore intensifying his fight refusing to bow out of the alabama senate race. the first time in two week the republican candidate holding a rally and claimed the sexual assault allegations calling this completely false and malicious. >> after 40 years of service to the state and this community 50 if you count my military service to the country, never once has this been alleged. this is simply dirty politics. heather: the the rally comes as a retired us colonel announces his plans to launch a right in campaign against more and doug jones. the washington post reports will run as an independent in alabama's december 12th special election coming up quickly. senator out frank and apologizing once again still vowing not to resign. as a so-called champion for women instead prom

a business recovery center is opening to help small business owners get loans to rebuild after the disaster be people on hand to answer questions about disaster loans. the center will be located at the sonoma county economic development board offices on stony circle. it will be open from 9:00 in the morning to 6:00 at night... monday through friday. ( darya ) kron four is teaming up with the salvation army to help out victims of the deadly north bay wildfires. we are doing it tomorrow to raise money for the north bay fire victims. the donation lines will be open during the kron four morning news from 6 a-m until 10 a-m tomorrow. they will open up again tomorrow evening... from 5:00 until 10:00. ( darya ) in the east bay... a pregnant woman has died after a car crash on highway- four in concord. the crash happened on westbound highway- 4 at port chicago highway. the c-h-p says a 20-year-old woman died at the hospital. witnesses say the victim was speeding and made an unsafe turn when she crashed into another car. the person in the other car was not injured. el cerrito police have arrested a

business? well, you could get a loan through the city of san jose. today, the mayor is launching a partnership with kiva. the organization provides zero interest crowd funded loans to small businesses. they want to end the cycle of poverty giving tools to better their future. >>> camp pendleton authorities are trying to find out what caused an e. coli outbreak. ten are hospitalized, many others treated at the bay. facilities are being treated to try to stop the spread of bacteria. >>> 100 days to go until the opening ceremony of the winter olympics in pyeongchang, south korea. >> we are checking in with athletes who have their sights on competing there. stacy cook is already an olympic veteran. she has been one of the best u.s. skiers for the past decade, she had tough luck at the olympics, having yet to win a medal. but, podium or not, she's proud of all she accomplished in her career. >> this year, i got to a place where i'm like, i have done really well and i can be proud of everything i have done. i'm definitely trying hard, i'm striving for it.

businesses in delaware. all courtesy of a new fund. state officials announced the grow delaware fund yesterday. it gives $5 million in loans to small businesses looking to expand their operations and create more jobs. >>> this morning, a look into the future at west chester university. this is an artist's drawing of what will be called the commons. the university will build a new dining area, parking garage, and science and engineering center. the project is expected to be finished by the fall of 2020. >>> sixers' point guard markelle fultz is out indefinitely with a sore shoulder but may have found a way around the injury. multiple reports say he was spotted shooting with his left hand yesterday at practice. this is video of him practicing before the season started. the coach downplayed the report and said he didn't see fultz taking any shots. >>> the sixers also say joel embiid will not play against the utah jazz tonight. he will play thursday in sacramento. embiid did practice yesterday but hasn't played since last week. the medical staff says he needs rest. >>> just let this sink in -- >> okay. >> 8-1 eagles have the h

helping veterans in small businesses get loans, debt credit, that's just your forte. >> we found theyst more financially prepared, 78% of them say they are more financially prepared, they have propensity to become really successful. eric: what should they do? >> if you have an idea for a business which a lot of people do and a lot of them actually when they. >> in the service started, you know, maybe with a hobby or a passion that they had and they took that passion, that idea and made money for them and an example is a serviceman who was in naples, italy and he fell in love with the way they made pizza there and he learned how to do it and came back home and when he transitioned out he opened up a pizzaria. >> do you know where it is? >> we should. eric: spencer, finally, your thoughts on this day? we walked around and had the parade in new york city, guys dressed up in uniform. new pride and sense of mission. >> i was at the parade today, i marched with my 8-year-old son and we had the great fortune to carry the the ground zero flag for a few blocks and i think on veterans day i act

a business recovery center is opening to help small business owners get loans to rebuild after the disastere will also be people on hand to answer questions about disaster loans. the center will be located at the sonoma county economic development board offices on stony circle. it will be open from 9:00 in the morning to 6:00 at night... monday through friday. ( darya ) kron four is teaming up with the salvation army to help out victims of the deadly north bay wildfires. we are doing it tomorrow to raise money for the north bay fire victims. the donation lines will be open during the kron four morning news from 6 a-m until 10 a-m tomorrow. they will open up again tomorrow evening... from 5:00 until 10:00. meal delivery services that bring home cooking to your doorstep are popping up all over the bay area..( darya ) and now there is a service that is custom made for babies. kron 4's vicki liviakis takes a look. a baby's got to eat. but short of either shopping for babyfood at the supermarket or cutting, peeling and pureeing it yourself what options does baby have for a tasty healthy meal? th

. >>> a business recovery center opens in santa rosa this morning to provide information about government disaster loans and other help for those affected by the fires. the center is located on stony point road right next to the pg&e offices. tickets go on sale for a fire benefit concert in rohnert park featuring the counting crows. the november 18th show being presented by the family presents. tickets range from $50 to $150. >>> the first repairs to the lake oroville dam are done before the storm. the repair work just completed is the first phase of a larger plan to restore the dam and its spillway to its original condition. record rain caused the spillway to erode and nearly fail in february. nearly 200,000 people had to evacuate for several days. the project will cost at least half a billion dollars. >>> about an inch or two of rain on the way for the foothills but notice once you get into the higher elevations it turns into snow starting at about 11:00 tomorrow night through 4:00 a.m. sunday. the western slope has a winter storm watch that will probably turn over to a winter storm warning today as w

they hope to partner with business who's are willing to do loan matches. >> even to set up a matching am raising money and you give me $25, it becomes 50.. >> after spending 20 years in prison, gary couldn't get a loan. kiva helped him. >> it opened up the vision that i always had. >> a vision that has led to a brighter future. in san jose, abc7 news. >>> the gop tax plan is now out. >> it will be the biggest tax reduction in the history of our country. >> not everybody is happy about this. how it could hit californians especially hard. >>> here are the stories making headlines. three mendocino the suit alleges negligence saying they failed to keep trees and brush trimmed. wayne tweeted out this photo of some of the propane tanks. you can see a whole bunch of them. we'll have a live report at 5:00. the house republicans released the tax bill today. this was house minority leader nancy pelosi's response. the billionaire's first tax plan is nothing more than a shell game that will hurt millions of middle class families. president trump says it will be the largest. at a cut in american >

business owners how they can help finance the recovery. they will also ask when the application process and help them complete an electronic loan application. >> at this business recovery center, a business owner can talk to sba and get help with fire damage or real estate, furniture, fixtures, inventory, all of those things that are business assets. also a business owner can get help with economic injury. we have already talked to a bunch of businesses who have not been burned by the fire that have been very much impacted by the fire. >> the recovery center is at this address. it opens at 9:00 and runs until 6:00. >>> if you are along vanness avenue in san francisco, things are going to look different. >> that's because the traffic lanes have been reconfigured on the south side of vanness. we have been there throughout the morning. we will now show you how this setup has proven to be very confusing for many drivers. >> reporter: good afternoon. this was a hectic warning can be for a lot of people. divers are going to want to pay close attention as they head south on van ness approaching sutter. the 2 southbound lanes of traffic split apar

"washington post" today, the woman, now 53 works as customer service representative at payday loan businesssays moore met her with her mother in a courtroom in alabama where he was serving as an assistant district attorney. he later called the girl and initiated contact that included touching her inappropriately and taking off her clothes. three other women have also come forward with similar stories about moore. all of them pursued by moore when they were between the ages of 16 and 18. moore adamantly denied these accusations. the story quickly brought calls for write-in candidates in the race. unclear moore's opponent senator luther strange can do this. alabama has what is called a sore loser law every candidate only one opportunity to run in elected position. strange could run as write h. in his name would not appear on the ballot because it would not be on the ballot and people would scribble his name. a question there. amazing story this afternoon, that could really change what is going on in the house and senate. david: wow. >> taxes because of that vote. david: extraordinary, gerri,

small business administration offers two loans. borrow up to $200,000 to repair or rebuild home and additional for property including the car. help with underinsured items. interest rate peaks at 3%, depends on how much you make. anyone severely impacted by wildfires qualifies to apply. take care, fill out paperwork and keep checking back. that's what's important. if you have a question, video, share on social immediate with a with #askfinney. and facebook and >>> begin with live doppler 7 again. sunny skies across the bay area. clear and chilly overnight, cold in some spots. north bay, mid to upper 30s. inland and -- 40s on the coast. tomorrow another sunny and bright day like today. reaching to low or almost mid-60s in mildest locations. low 60s around the bay and inland. accuweather seven-day forecast, string of sunny days through friday and clouds return over the weekend. saturday and sunday. breezy saturday, lingering showers and bright and sunny next monday. weekend showers seem to be a thing these days. >> not causing too mu

many businesses operated out of people's homes that burned down. a federal loan program...and local economic development agencies are teaming up to help businesses get back on their feet. kron 4's gabe slate visited the newly opened "s=b=a business recovery center" in santa rosa. sot - charlyn belluzzo / owner operator of belos cavalos charlyn belluzzo runs belos cavalos a non proffit charitiable organization that helps children who have been abused and abandoned. once a year they put on a big fundrasing event.. this year the performance was equestrian themed. right before the event the fire swept through and destroyed parts of their property and forced them to evacuate the performance horses in the show who were braught up from florida.. and their horses they use for trauma therapy. sot - charlyn belluzzo / owner operator of belos cavalosthe federal agency, sba, or small business adminstration, teamed up with the sonoma county economic development board to open this business recovery center for small businesses. they are estimating close to 2,500 busineses have

so now the problem, it is the core business, making loans and deposits. because of the negative interest rate policy squeezing the margins. the bright side, the middle east has been coming up better this time. you had major deals overseas which rate -- might have helped. we had some big returns with companies like sharp. they could call back reserves there. forecast isyour down 8% compared to last year. there are about 50% on the way, so more keeping their own for the year, albeit conservative. betty: what about the fact we have seen the record, the nikkei 225 at these records, japanese stocks are soaring -- has that helped the banks at all? >> it does not help the core business, but because japanese banks have these enormous shareholdings, the own shares in client companies. it has pushed other governments to try and improve governance to get down these holdings. we think the base will be sales banks will be sold. there has been offset on problems from the oil business. betty: thank you so much. jared allen on the japanese banks and on japan. i want to b

and many of those businesses operated out of people's homes which burned down. a federal loanam... and local economic development agencies ..... are now teaming up to help businesses get back on their feet. kron 4's gabe slate visited the newly opened "s=b=a business recovery center" in santa rosa. ((pkg)) sot - charlyn belluzzo / owner operator of belos cavaloscharlyn belluzzo runs belos cavalos a non proffit charitiable organization that helps children who have been abused and abandoned. once a year they put on a big fundrasing event.. this year the performance was equestrian themed. right before the event the fire swept through and destroyed parts of their property and forced them to evacuate the performance horses in the show who were braught up from florida.. and their horses they use for trauma therapy. sot - charlyn belluzzo / owner operator of belos cavalosthe federal agency, sba, or small business adminstration, teamed up with the sonoma county economic development board to open this business recovery center for small businesses. they are estimating close to 2,500 bus

segment this quarter the company applied for a banking license as it built up square capital, its loan business, on the earnings call ceo jack dorsey was asked about its strategic purpose and square's approach to banking have a listen. >> the ilc represents an efficiency for us and allows us to create more efficiencies in the model but also allows us to just take a different tack on our business and make sure that we're constantly doing the right thing. >> reporter: dorsey also said that this is typically a year-long process and he didn't have any updates in that timeline lastly, guys, i'm sure you're all tracking this as well, i have to note that square's market cap is getting awfully close to that of dorsey's other company, twitter back over to you >> thank you, deirdre bosa these payment stocks pretty pricey, square what's a forward pe, master card 33, visa 28. do you keep paying up for these payment stocks >> well, square, i mean, it's down a little bit on this. this was a very, very good quarter. the only thing wrong with this quarter is it's on the heels of an enormous stock run. up 25 at