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so we invested in a new cnc machine.into the cnc machine was a big one -- about $100,000. but the production that we've seen out of it is that we've been able to lower our labor costs, ultimately resulting in a much higher finished margin. and so what did it cost, historically, to make one of those pacific coast highway chairs? man: about 25 hours a chair, the whole process. lemonis: at an average wage of how much an hour? man: about $17. lemonis: so it used to be $425 just in labor. now what will it cut that down to? man: half that price. lemonis: wow. i'm surprised by what i see in here. and i'm surprised by sort of the effect on margins. and so if it used to take four hours to make a chair and it now takes two hours, that's monumental progress. and basically, what that is is, four hours to two hours is just margin expansion. steve: correct. lemonis: because you're selling the chair for the same amount. steve: correct. lemonis: and you're just putting less into it. steve: correct. lemonis: i'll give steve grafton a lot

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. >>> cnc has "the brave ones." first meet the man behind the driverless car, street view and google class. what's next for sebastian? the brave ones. >>> welcome back. the newly elected president of south korea has been sworn into office. moon jae-in got more than 47% of the votes. chery kang, tell us about this new president. >> he comes after this month-long political scandal and the protest leadership vacuum. i think he understands that the need to emphasize the need for armny harmony in this especially when he understands he will need support from the national assembly to get the cash net formed and also to push for the reforms he promised as a candidate. he is for charitable reforms and also fiscal spending. i think geopolitically this election result could add a little bit more uncertainty at least in the short-term. yes, it is day one for president moon in south korea. we could have a little more patience. as some comments came out, some of the comments that he made in the swearing-in ceremony this morning,

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a cnc machine. the dowel inserter, the shaper, the joiner, and the planer. there's a lot at stake for everyone here at precise, and what they need is a fresh start. dean: here is where you walk in. this is your front entrance. lemonis: okay. okay, so these boards are great. dean: so, what that is, that's the view standing if you're in the corner by the rv sales. lemonis: this is cool. dean: and if you look up or to the right, we're actually building an rv to hang off the wall. if that doesn't grab your attention, nothing does. lemonis: how do you feel like he's doing? -keith: phenomenal. -lemonis: yeah? keith: i think the whole team -- this building is so energized right now, it's great. we're ahead of schedule. -lemonis: oh, really? -dean: yeah. better to get done early than late. keith: i couldn't wait for tuesday. i really wanted you to see this, and i'm hoping that you like it as much as we do. lemonis: if it's done early, great, but the attention to detail has to be there. dean: i know that. i know it. -lemonis: keep that in mind. -dean: i know that. le

japanese companies are leaving nothing to cnc they are budgeting very conservative.benchmark in japan. they are anticipating the next 12 months, a dollar-yen exchange of 105. this is the benchmark against which they are budgeting. if the dollar were to come in at -- 115 onaverage average, it would boost by 10 basis points. it gives me great confidence that earnings revision momentum will drive the nikkei through the 20,000 level. scarlet: that will be the catalyst when the earnings revisions come in or when the companies come out with results? there is a lot of concern over asia-pacific because geopital risk certainly is a big factor. and it's a big uncertainty we all have got to live with. but at the end of the day, it's the fundamental that will drive things. valuations in japan are very attractive. that is the bull market. year ande 10 depreciation equates to an 8% increase in improvement in earnings. >> exactly. let's talk numbers here. the average consensus for the next 12 months is looking for earnings growth on the order of 10%. that is an average exchange rat

>> ken dylan, cnc press. in the past the government of china does not appear to have been very tough in cracking down on suppliers of synthetic opioids. but i'm wondering if there's any evidence now that opioid addiction of this sort is spreading in china itself. and might that lead the government to become more serious? >> i don't have any evidence for that. i know that stimulants are very popular used and abused in southeast asia but not necessarily synthetic opioids. there is high level agreement to restrict a number of fentanyl and a number of others being exported from china. i would have to say that my own personal opinion is cynical on. that i'm not sure how one effectively controls the tiniest fraction of the -- of an i will l illicit production with enormous capacity and i'm not sure with even laws and regulations prohibiting the production how they're going to pull it off. but it's china. maybe they will. i mean i want. i want supply control to happen. i really do. but it hasn't worked very effectiv

. >> reporter: but one british poll indicated more than 60% of uk citizens were cnc of a conspiracy.til. >> reporter: the billionaire financier insisted the car crash was actually a murder orchestrated by the monarchy and implemented by mi-5, the uk's domestic security service. >> i am certain, hundred percent, that leading member of the royal family, have planned that. >> reporter: mohammed al fayed's explosive allegation that prince phillip was part a murder plot was taken very seriously by scotland yard. >> her boyfriend's father insists it was no accident. and so today, an official investigation was launched. >> reporter: it was headed by lord john stevens. >> we were looking at-- allegations-- very serious allegations that came from mr. al fayed was that of course-- he was a muslim. he wasn't someone who was suitable to the royal family, and that prince philip and the security services had been involved in the murder of the most popular woman in the world. >> reporter: stevens and a team of investigators took a deep dive into the case. >> we had to disprove that there was a cons