new york city saint lose and us now working in a look at branch i work on policies the store for citibank and has fweven me a prospective on the value of not only helping the youth to find summer jobs but giving them what we may consider the 6 skills two basics; right? but really those skills are critical things like how do you use your phone than more than text our friends l o l maybe use your phones to text our bank and consulting communicate with your bank and in the process manage our finances better so these light skills are what the city foundation provides and we provide financial education and financial tools to assess space and products today through pathways to progress more than one thousand employees have donated 7 thousand hours of our time >> (clapping.) >> and we've created 5 thousand plus jobs. >> so today city foundation renews our commitment to our youth we are donating $960,000 to kickoff the pledges and this will give you the opportunity for one hundred and 75 young people to have a summer job. >> (clapping.) >> so thank you for the opportunity and look forward to more

. >>> fbi and philadelphia police are on the hunt foreign more, center citibank bandits tonight.epublic bank branches were held up today just three blocks apart but by different men. latest was at 5:10 tonight, man in the coat, a hat, and glasses, robbed the branch at 16th near walnut. police recovered the money a block away after dye pack went off. at 9:15 this morning, this man, held up a republic bank at 16th and market. investigators say he is a suspect in at least one other center citibank robbery in recent months. >>> convicted child molester jerry sandusky was back in a center county court today where his lawyer tried to persuade the judge to grant sandusky a new trial. sandusky is serving 30 to 60 years for 45 counts of the sex abuse. sandusky told reporters to quote read what has been written. he was referring to this statement that he gave to his lawyer. >> i'm an innocent man, serving what amounts to a life sentence. people have betrayed, attacked, and vilified family, supporters, and me. >> sandusky's lawyer wants to raise questions about the decisions made by sandusk

i don't know if they're right but a big call on citibank putting pressure on gold. melissa: phil, thank you very much. connell: marc faber, the author of the boom doom and gloom report, i'm sure you know the name, painting a dismal picture of the economy. >> most people have not made money lasts 12 months or two years. the typical stock is down significantly. -- have actually diminished economy and stocks and economy sucks. connell: here to weigh in, jared levy, and joined by david dietze, point view management, who is the president there. caveat to all of this, people have been sentenced to life in prison who are more optimistic than marc faber. that said, david, how do you look at the economy and maybe do you agree with the good doctor or no? >> well i don't think mr. permabear earned his nickname because the s&p, which constitutes most important stocks down with dividends of 1%. well-advised clients have been making money. how? over the last three years the market is up 9% a year. most well-advised investors have a balanced portfolio. 10-year treasury over the la

>>> and coming up on fox 29 news at 6:00 he's wanted for trying to rob citibank.ay his pants might be able to track him down. every friday, mr. lewis connects with his friends at the senior center to enjoy a nutritious, hot meal. which gives him the energy he needs to connect with his grandson, so he can teach him how to land the big one. when older pennsylvanians make the most of programs supported by the pennsylvania lottery, like hot meal programs, we all benefit. learn more at palottery.com. the pennsylvania lottery benefits older pennsylvanians every day. >>> a canadian diplomat tussles with a protester in dublin. kevin vickers canada's ambassador to iran grabbed and led i was a way protester shouting during a memorial service for a fallen british soldier. the ambassador hell the man until police arrived and arrested him. vickers is no stranger to responding when duty calls. >>> some delaware county kids get a first-hand lesson in science and technology today. peco engineers leading courses at blessed virgin mary school in darby this morning. teachers hope it

emily: you said you hacked the pentagon, citibank, nasa.hat you obtained top secret documents on saddam hussein, tracked down osama bin laden's bank accounts. kim: back in the day, after 9/11, which really affected me, i felt deeply unhappy about that. i was trying to do something, to be part of the effort to stop people from ever doing that again. emily: you did all those things? all that is true? kim: some i did not do myself. there were other things i did. emily: some people would say there is no proof. kim: well, there is no proof. [laughter] emily: when and why did you change your name to kim dotcom? kim: i bought the domain, kim.com. i thought it would be great if my name was kim dotcom, so if anyone wants to know anything about me, i do not have to hand them a business card or anything. they can just go to my website. it is all there. emily: take me back to the start of megaupload. kim: i was a street racer. and i always made great videos about that and shared that in the street racing community, on the forums. the file sizes kept ge

a wealthy bay area citibanking on big profits and egos. the create plan to raise cash. >> pit stops for pooches. theby area hub that is taking pet friendly to a new level. >> what we have been trained to do. why the numbers don't add up to make recycling worth it. >> good evening. we are going to begin with the arrest of one of the 49er greats. it is a strange case that began a year ago and culminates with dana stubblefield being charged with rape. liz, this one will catch people by surprise. >> it will. stubblefield is a hero to many with his glory days in the 90s but a man that won a super bowl in the different light. morgan hill police releasing this mug shot. he was charged with five felony counts accused of raping a developmentally disabled woman in april of last year. prosecutors say stubblefield post add job on a baby sitting website about a job as a nanny. prosecutors say the victim in this case went to his morgan hill home for an interview, after she left stubblefield texted her that he wanted to pay her for her time and that's wh

i did a big study with citibank employees. and we looked at... so say for example if you compare latino employees in mexico, brazil, argentina, versus asian employees, taiwan, singapore, hong kong, et cetera, versus americans, and you look at in which condition are they most likely to perform well, americans perform best when they feel their manager is giving them choice, is empowering them to make decisions, giving them autonomy. that's very important to americans. latinos, i mean, it's not a bad thing, they're not getting mad or upset if their manager says, you know, "you can decide when you take your vacation, when you do your breaks, how you get your job done." what matters to them most is if they feel their manager cares about them. is this manager somebody they can trust, that they have good rapport with? that is more important than whether they get choice or no choice. and similarly, with asians, what you see is that for them it's not whether they get choice. if anything, they want direction. they want to feel that thei

that is what the likes of citibank are saying. let's get back to the dollar index. at 9328. the third day that the dollar is on the way up. everything else falling especially these oil related currencies. we saw a big tumble in the ruble. a big tumble in the lenny. a fairly big trade deficit for canada. all helping push money back into the u.s. currency. one other currency want to mention. watch out for the vietnamese currency. a fairly big move, the biggest move in about six or seven months. they just adjusted it. that is something to keep in mind. the cash market and about an hours time and very quickly, the aussie dollar. that says a lot about where we are as far as the majors right now. basically flat ahead of key data tomorrow in the united states. authorities ordering takata to replace airbags. it was already the biggest recall in american history. they found the root cause of these airbag failures. >> moisture is of a factor that these have exploded with so much force. this is another big blow in the crisis that takata has failed to contain. honda released a statement

that is the sound of a guy a at his computer using it to buy assets from citibank. click click is to a billion more. while that was rendered this - - useless the fed was doing the opposite creating money out of nothing. neither has any intrinsic value what cannot take either currency to the government to demand something teachable in return like gold or rice or cooking oil but alleys to the united states you're not set to rail labor camp for asking. in bits and bytes of the computer screen. and that brings us to the third thing going on at the same time at the same time they are creating american prisoners were conducting many transactions using pouches of mackerel. not allowed to possess cash but to the commissary where they can be purchased and it can be used as currency. in is a formal agreement such as a prisoner of war camps. and the gold standard for trade since the smoking billion is the pouch of mackerel or the back had comes in a pouch so they will the sharpen the container to stab one another as prisoners. it is affordable and storable the macro has little

jpmorgan, citibank. jpmorgan, wells fargo, with little exposure to the dead lands that are sales, currencies. plus, wells is growing like a weed. sure, it is expensive but incredibly well run. it has always been spegsive. even though company had aed a lot of runs. the price of crude, the highest since october, has taken the pressure off. bank of america has had problems. it has a huge deposit base that would be very hard for them to screw it up. citigroup? this is my new favorite. just settled a big chunk of litigation. and best of all, city trades. that would be the cash on hand if you were to shut the door, and liquid ate everything, i think when citigroup gets permission from the government to buy back as much stock as it wants, then this $46 stock will run, it will catapult to $60. that's why. we've been buying it aggressively. you can follow along at action alerts.com. they go out to you before we buy anything. yeah, the banks are unbelievably cheap and hated. that is what you reach for when everyon

new york city saint lose and us now working in a look at branch i work on policies the store for citibank has fweven me a prospective on the value of not only helping the youth to find summer jobs but giving them what we may consider the 6 skills two basics; right? but really those skills are critical things like how do you use your phone than more than text our friends l o l maybe use your phones to text our bank and consulting communicate with your bank and in the process manage our finances better so these light skills are what the city foundation provides and we provide financial education and financial tools to assess space and products today through pathways to progress more than one thousand employees have donated 7 thousand hours of our time >> (clapping.) >> and we've created 5 thousand plus jobs. >> so today city foundation renews our commitment to our youth we are donating $960,000 to kickoff the pledges and this will give you the opportunity for one hundred and 75 young people to have a summer job. >> (clapping.) >> so thank you for the opportunity and look forward to more mar

. >> i'm not having lobbyists, and i'm not having citibank and i'm not having -- i fund it myself. >>eporter: it was a defining sales pitch for donald trump. >> and you know what i'm getting for this movement? i get nothing. i'm self-funding my campaign. okay? >> reporter: a line he repeated in ads -- >> i'm self-funding my campaign. >> reporter: -- in interviews. >> i'm putting up my >> reporter: and on the campaign trail. >> and i'm self-funding. i self-fund. so i'm self-funding. >> reporter: and it worked. 3 58% of voters in a recent cbs news poll said trump was not influenced by special interests. but with the nomination in reach he's reversing course. >> i'm raising money but i'm raising money really for the party. >> reporter: not only will he be asking for money, but trump already has super pacs. >> i think you're starting at a billion dollars right now. >> reporter: frank donnatelli is a long-time republican fund-raiser. he says trump is behind. >> you're going to need people with good contacts lists that can write checks themselves but also bring their friends and relatives t

and a serial rob ser on the run wanted for hitting up several center citibanks. >>> when you are a parent and lose a child, it's a part of you that is part of your body that is now gone. >> gone but never forgotten, a priceless but mysterious find is sending the family of a fallen soldier on a mission of their own. they hope that social media can help. >>> and work is underway right now to secure a home in west philadelphia after a dangerous collapse inside of it. we learned that three people were hurt and all are okay. but the situation could have been a lot worse. sara bloomquist is live with more. >> reporter: well brian, they are working throughout the afternoon. lni told us this afternoon the home had numerous code violations going back to 2008. the owners were order by lni to secure the property. the contractors had to be rescued and a third man that was in the basement working in the home illegally. rescuers responded to 100 and southford after word that the home collapsed and there were people inside. the crew was inside to make repairs. >> they were preparing to actually do that

new york city saint lose and us now working in a look at branch i work on policies the store for citibanknd has fweven me a prospective on the value of not only helping the youth to find summer jobs but giving them what we may consider the 6 skills two basics; right? but really those skills are critical things like how do you use your phone than more than text our friends l o l maybe use your phones to text our bank and consulting communicate with your bank and in the process manage our finances better so these light skills are what the city foundation provides and we provide financial education and financial tools to assess space and products today through pathways to progress more than one thousand employees have donated 7 thousand hours of our time >> (clapping.) >> and we've created 5 thousand plus jobs. >> so today city foundation renews our commitment to our youth we are donating $960,000 to kickoff the pledges and this will give you the opportunity for one hundred and 75 young people to have a summer job. >> (clapping.) >> so thank you for the opportunity and look forward to more m

groo back home, the citibank is agreeing to pay $425 million over benchmark manipulation.ommodities and trading commission releasing the figures. >>> and today, it is national wine day, and so according to a survey, by the wine council, millennials consumed 42% of the wine consumed in this country last year. and carl, who knew? >> well, thank you, sharon. more signs of the rebounding as steve liesman is going to join with us a cnbc wrap it update. >> yes, it is second quarter tracking of the cnbc rapid update, and we have seven estimates up 0.02, because the deficit came in lower than expectations of 40 billion versus $60 billion, and with imports and exports, we have wiped tout decline. and the range of the cnbc rapid update is the 2% to 3% on the high end, and goldman coming in with the 3% raising from 2.7 to 3.0, and key tracking is the weak 1% number, and the rebound is decent here. these are the numbers off who is where. goldman at 3%, and the goldman sachs at 3%, and more skeptical down is ranaction economics at >>> and could apple pivot to a/i., and win the next bat

. >> police are looking for the man that robbed a center citibank in broad daylight today. this is the picture of the man wanted for the crime. they say he passed a note to the teller demanding money, it happened at noon today. anyone with information about the crime or the man you see here is asked to call the fbi or philadelphia police. >>> meanwhile, the search is also on for two men that robbed an olney family dollar store at gun point. this is new video showing the mask masked intruders telling the employees to open the safe and registers. they tried but could not get the safe open. the suspects ran with money from the registers. >>> and now delaware county is celebrating 100 years of protecting and serving the community. the haverford police force posed for their picture today in fronts of the police station, they are celebrating the department's hundred years in existence. they marked the milestone with a big barbecue in the parking lot. >> love a good barbecue, rain or shine. >>> lets check in again with adam joseph who is on another outdoor adventure. >> it's not s

i pay taxes and pay more taxes than citibank.ith that, you marched to the front of the convention center and you got arrested along with a number of others. , whated to ask you, ireri your parents reaction is to your denial of daca and what this means for you right now? >> my parents were very angry when they first found out of the denial last year, and then when we got the response this year, my mom was the one who had said that the reason why i was being denied was probably this form of retaliation. when we actually got the confirmation was like, ok, it is time to act. we can't have this happen to anybody. when i lost my work permit, i lost some work opportunities and i also lost the right that we -- granto try to get parole. one thing for me that really kind of hurts me is when i lost the parole, it is when my grandparents got really sick and unfortunately, my grandmother passed away. shortly after two weeks after, my grandfaer did as well. for me, that is one of the biggest pieces. everyone has the right to work should have t

chairman and members of the committee, on page eight of the report, they have applied to citibank, a private bank for up to 13 million mortgage loans to refinance and redevelop the 52 units at 1555, turk, will pay the bank fees, and use the proceeds to pay off four existing loans and fund construction improvements of $6 million for a total cost of $11,722 stsh 845. so the net difference of a million that is the 13 million loan, less the 11.7 million cost will provide, one-third to bethel and 424,000 in two-thirds of the city, 855, which the city will hold in a reserve account to be drawn by bethel for affordable housing purposes subject to approval by the mayor's office. and with the loan proceeds, they will provide, 6 million of improvements to the 1555 turk street property. on page nine of the report, march 17th a private evaluation, firm, issued a report, for the acre and which, that appraisal determined that the as is, market value of the leased property was 9 million, 500,000 or 138 dollars per square foot and we recommend that you approve this proposed resolution. >> thank you

she's worked for many companies, citibank, citigroup. there was a tremendous motion in the company and so finding the story, $180 billion was just too delicious. >> host: i want to read this from the obituary about when he decided to take the job pitches after the crisis. my first response to them is you must think i'm crazy but then i thought about it and said to myself i have the skills and they went on to say the self regard for typical. a larger-than-life executive was also a physical presence at 6-foot for no four not only dide restore them by 2012 but also repaid its entire death to the taxpayers in return of 22 billion the prophet as well. >> it's a remarkable achievement. i was thinking about that even this morning he was the only person who thought this was possible essentially. the government didn't think this would happen. certainly the american people have no expectation this was going to happen. so the idea that he was a little crazy, you have to be a little crazy to take this on and he was the right kind of crazy. he was ap

she worked for many companies, citibank, citigroup among them and she gratefully admired his leadership. there was a tremendous devotion so finding out the story turned the company around and paid $180 billion that was just too delicious. >> host: when he decided to take the job which is after the crisis and looked like the company was never going to recover when the board comes to my first response to them was you must think i'm crazy but then i thought about it to myself i've got the skills and the obituary went on to say paper typical and a larger than life executive who was also a physical presence not only did he restore by 2012 but also repaid the debt to th their debe american taxpayers and returned to profit as well. >> it's a remarkable achievement. i was thinking about that even this morning he was the only person who thought that this was possible. the government didn't think that this was going to happen. they were ready to sell it off for spare parts. parts. the idea that he went a little crazy, you have to be crazy to take this on. he was approached earlier about the job w

citibank, bank of america, i'm hanging on to those. >> bold call on the fed. you want to listen to him, because he is a fast -- >> what? >> he's a master. >> kicking off the fast master series. mohamed, thank you for being here. i appreciate it. >> thank you. >> we're showing your book, by the way. i want to get to your fed call. most people are saying one hike this year. you're saying not so fast. how many do you think? >> i think definitely one, and maybe as many as two. i think the market has forced the fed almost out of the equation and i think that's wrong. >> june is on the table in your view. what happens to the markets, do you think, if we get that hike? especially if the markets are not thinking that there is a possibility of a june hike? >> that's an argument i hear often. the fed doesn't lead the market, the market leads the fed. and therefore, the likelihood of a june rate hike is diminished. i also hear the argument there was a miss on the drop creation at 160,000. but let me tell you a few things. when you look at the internal of the job reports,

at some of the main components, some of the top ten, jpmorgan, still 8% from the 52-week highs, citibank 24%, a lot of bank stocks acting poorly. you better get that yield curve to have the stocks make the sort of run that i think the s&p will need to break out or that inde see in and of itself. black rock, larry has been less than sanguine about the stocks as of late. >> we've seen several weeks of these -- >> i didn't think you were coming to me. >> i can feel it, though. i like financials, citi, and a couple of financials hitting recently. options have been there for a while now in jpmorgan and other names. >> you're steering this ship. you can do whatever you want. >> i've been on the wheel. i'm just doing what i'm told. a big day for michael coles with the stock rallying. we'll tell you why the retailer could move 10% on earnings tomorrow. >>> tesla's annual shareholder meeting is under way. will the ceo give any updates on the giga factory or what about hitting production numbers. the call just came in. she's about to arrive. and with her, a flood of potential patients. a deluge of

i'm not having citibank. i fund it myself. >> i'm self-funding my campaign so i don't have anybody speaking in my ear. >> i'm self-funding, putting up my own money, phones. nobody's going to tell me what to do already. nobody's going to tell us what to do. i have turned down so much money. >> one of his most reliable applause lines throughout the primary. but that was apparently the primary. because now, one day into holding the republican nomination for president, donald trump has hired a national campaign finance chairman, the indy mac guy, to start taking donations for donald trump's campaign. he hasn't had a finance chairman before. he has one now. it's interesting. the fact that he's a self-funder has just been incredibly resonant among donald trump supporters. it's the sort of thing, anecdotally, you hear over and over again for people who are out to support donald trump, when you ask people to explain their vote, him self-funding is one of the first things people bring up, he can't be bought, he's fund

cruz borrowed money from goldman sachs and citibank. $1 million at a rate you would be proud to have.ody in this room would be able to get the loan rate and he forgot to disclose it on his financial disclosure form. he forgot, lyin' ted. he said, i forgot. he was until 18 months ago he was a citizen of canada. he forgot to tell you that. oh i didn't know that. oh. this guy, i mean give me a break. bobby said, and it was so incredible. bobby knight said to the people at one of the speeches because the one around with me, he said it will be so great because donald trump is going to be a great president and i appreciate him saying that. and the people of indiana if they vote for him they are going to put him over the top and we can focus on hillary clinton. so good. [applause] mr. trump: nobody could say it, nobody could say it. so i appreciate lou holtz just called and an lou holtz just endorsed me. [applause] mr. trump: a really good guy, just put it out. it's all over the internet. lou holtz is a really good guy so we have everybody. i mean we have so many great , endorsements. you kn

the last farmer that had an operating loan with our local citibank was my dad 20 years ago. at this point, because with 800 - 1000 acres you might be talking about a quarter million dollar loan. most of that will go to the farm credit system as opposed to going to the banking system. >> and mr. barker, back to you, would you say your bank is consistently more competitive with loan rates? in loan availability to particularly as we talked about earlier some of the younger, smaller, newer borrowers? >> we compete as much as we can. i cannot compete with the farm farm credit services, they have a funding structure that is very enviable, for example in 1,000,000 a million dollar loan if i charge 5%, that is a 50,000 in interest, i pay my tax bill out of that come i net 30,000 dollars. the farm credit services is tax-exempt and can only charge 3% on that same loan. they do not have to charge appraisal fees which i have to do. there's other local fees in some states that they do. we try to stay competitive as much as we can and make use of anything we can as far as home loan borrow

guy sitting at his computer in new york creating a billion dollars and using it to buy assets from citibank. click click, 2 billion more. while north korea's supreme leader was taking money with violent and rendering it useless, the fed was going to opposite, creating money out of nothing. is in the north korean yuan nor the united states dollar has any intrinsic value. one cannot take either credit to the government that issued it and demand something tangible in return. such as gold or rice or cooking or. at least in the united states you would not be sent to a labor camp for asking. north korea could wipe out money and the united states could create it because money in both countries is just paper, or increasingly its mbytes on the computer screen. and that brings us to the third wacky thing going on a roughly the same time that north korea was just we money and the united states was creating. american prisoners were conducting many other transactions using patches of macro. yes, the oily fish. prison inmates are not allowed to possess cash. instead they typically have accounts at the co

she has worked for many companies, big companies, citibank, citigroup, and she greatly admired his leadership. there was a tremendous devotion within this company to him. and so finding out the story of how this man turned this company around and paid back the country $180 billion was just too delicious. >> i want to come back to that. want to read this from "the new york times" obituary when we took the job running aig after the crisis and looked like the company would never recover when the aig board comes to him. my first responsible to them was, you must think i'm crazy. then i thought and said to myself, they're right. the financial industry is in chaos and i have the skills, and the bit wear said the trauma and self-regard were typical. mr. benosche, an imposing physical presence at 6'4". not only did he restore aig to health by 2012 but also repaid the entire debt to the american taxpayers and returned 22 billion to them in profit as well. >> guest: it's a remarkable achievement. he was the only person who thought this was possible. essentially. the government didn't think this was goi

new york city saint lose and us now working in a look at branch i work on policies the store for citibank has fweven me a prospective on the value of not only helping the youth to find summer jobs but giving them what we may consider the 6 skills two basics; right? but really those skills are critical things like how do you use your phone than more than text our friends l o l maybe use your phones to text our bank and consulting communicate with your bank and in the process manage our finances better so these light skills are what the city foundation provides and we provide financial education and financial tools to assess space and products today through pathways to progress more than one thousand employees have donated 7 thousand hours of our time >> (clapping.) >> and we've created 5 thousand plus jobs. >> so today city foundation renews our commitment to our youth we are donating $960,000 to kickoff the pledges and this will give you the opportunity for one hundred and 75 young people to have a summer job. >> (clapping.) >> so thank you for the opportunity and look forward to more mar

i'm not having lobbyists and i'm not having citibank and i'm not having -- i fund it myself. >> it wasles pitch for donald trump. >> you know what i'm getting for this movement? i get nothing. i'm self-funding my campaign, okay. >> a line he repeated in ads -- >> i'm self-funding my campaign. >> in interviews -- >> i'm putting up my own money. >> and on the campaign trail. >> i'm self-funding. >> and it worked. 58% of voters in a recent cbs news poll said trump was not influenced by special interests. but with the nomination in reach, he's reversing course. >> i'm raising money, but i'm raising money really for the party. >> not only will he be asking for money, but trump already has super pacs. >> i think you're starting at a billion dollars right now. >> frank donnatelli is a long-time fundraiser. he says trump is behind. >> you're going to need people with good contact lists that can write checks themselves but also bring their friends and relatives to the table also. it takes a full-court press on behalf of the candidate and the campaign. >> the billionaire businessman is scramblin

new york city saint lose and us now working in a look at branch i work on policies the store for citibank has fweven me a prospective on the value of not only helping the youth to find summer jobs but giving them what we may consider the 6 skills two basics; right? but really those skills are critical things like how do you use your phone than more than text our friends l o l maybe use your phones to text our bank and consulting communicate with your bank and in the process manage our finances better so these light skills are what the city foundation provides and we provide financial education and financial tools to assess space and products today through pathways to progress more than one thousand employees have donated 7 thousand hours of our time >> (clapping.) >> and we've created 5 thousand plus jobs. >> so today city foundation renews our commitment to our youth we are donating $960,000 to kickoff the pledges and this will give you the opportunity for one hundred and 75 young people to have a summer job. >> (clapping.) >> so thank you for the opportunity and look forward to more mar

also, citibank is settling a probe.by paying $425 million, a small amount and offering investors certainty were there have been uncertainty before. jonathan: thank you very much. the stock to watch, apple, a roadblock in india. tim cook was there just last week in an effort to capitalize on the second-largest smartphone market. it is set to expand rapidly in the coming years. there is a ruling. you need a source 30% of components locally. it is a criteria that is said to be imposed on apple, preventing them from opening apple retail stores. john butler joins us now to discuss this. bloomberg story. it's likely to happen. they don't comply with these rules. there are ways around it but before that, how much of a setback is that? john: i don't think it is huge. apple's big problem is the dominance of local vendors. , local vendorsax doing very well. micromax is number two, number three in terms of share. samsung dominates the market. apple historically has not done well. they are way down the list in terms of shares. abig

the last farmer that had operating loans with other local citibank was my dad 20 years ago. at this point because 800-1000 acres you might be talking a quarter million dollars loan for operating loans. most of that go to the farm credit system as opposed to going to a banking system. >> okay. and, mr. barker, back to you. would you say your bank is consistently more competitive loan rates and loans available in, particularly as we talked about earlier some of the younger, smaller, newer borrowers? >> we could be as much as we can. i cannot compete with the farm credit services as they have a funding structure that is very enviable. for example, on a $1 million loan if i charge 5%, that's 50,000 in interest. i pay my tax bill at about. inet $30,000. the farm credit system is its tax-exempt can only charge 3% on that single. they don't have to change -- charged appraisal fees and there are other local thieves in some states that they do. so we tried to stay competitive as much as we can and make use of anything we can as far as federal home loan borrowing, something to that ex