fuji: yeah. -lemonis: he's got a big heart. -fuji: definitely.lemonis: how long have you been in the restaurant business? -fuji: since 14. i'm 41 now. -lemonis: since you were 14? fuji: yeah. my father was a chef. lemonis: did you develop a lot of stuff here? fuji: yeah. the sauces, the burgers. lemonis: why did you decide to leave? fuji: too many differences, too many bumping heads. like, instead of having one boss, i had like four bosses. there was too many cameras on me. it's just like, i would get a phone call. sammy: "why'd you leave the fridge open?" or sometimes, with todd, i'll push back against it, and then i'll just say, "you know what, todd? whatever." todd: marcus [clears throat] it seems to be that the blame that you want to put is all on me. all i do is i try to make sure that it's not costing everybody more money because, if we're gonna talk honest, my partners will just spend, and it don't matter. tranchina: how do you function in a restaurant with someone walking around telling you, "we're not gonna let them get paid training. yo

fuji, that's enough.emonis: sammy's brother, fuji, the only one with restaurant experience, had been pushed out of the business. todd: we've all had issues with him. lemonis: after tasting the burgers that he made, i quickly decided that if i was gonna be involved in standard burger, so was fuji. fuji is in charge of the kitchen. so he is now a partner, as well. i made a deal to invest $130,000 for 30% of the business. we got a deal? we're gonna start over. if we're gonna set the standard, it's gonna be my standard. we upped the quality of our ingredients, simplified the menu, and overhauled the space. [ laughter and applause ] we needed somebody to run the day-to-day operations, so joseph stepped up to be the general manager. but i wasn't just fixing up one restaurant in staten island, i saw standard burger as a national opportunity. and this place would be the model we'd use to sell franchisees on the concept. to the burger boys. -all: burger boys. lemonis: six months and about a half a million dollars

the lawyers for fuji said the following.xerox and fuji are in active talks to renegotiate that transaction. remember, again the transaction i'm talking about, which involves control going to fuji the payment of a special dividends to xerox shareholders which is not well received at all. that is the case the triplanscript may be comingt from the court itself. people want to look at it closely. again, the fuji lawyer quoted as saying we're in talks an negotiations to renegotiate that transaction. that said, it's not clear, again, according to people familiar with the situation they're going to be able to reach a new deal would it result in an outright take over? possibly possibly an increase in the dividends portion. very significantly again it's a possibility but in court yesterday those lawyers for fuji saying that there's a lot of things that came out this week a lot of things in terms of supporting the contention that xerox handled the deal to fuji to keep his job. their words and not mine and coming out and saying they sa

icons fuji estopped from buying. and finally, davos goes to hollywood.y will be joining the sports world first annual conference. lisa: joining us now is bloomberg's own at hammond. -- ed hammond. shares up 17% with a record one day pop. they bought the as the unit of walmart. a fascinating deal from the walmart side. what stood out to you? ed: it's an unexpected they and you have seen that with huge shorts. almost 15% of the shares are around shorts. it, awhen you think about qr was the biggest hedge fund that listed it as having high short interest. there were a lot of hedge funds that held a short position because the bet was that it is one of the four big retailers in the u.k. and amazon is coming into that space the same way it's disrupted retailers here. the margins are tight and you have the thing going on with a hard big-box retailers to plaintiff. -- to play into. there was a short interest in them doing this deal. this is going from four to three. do the regulators take a topless at this or do they use amazon get out of jail free card where the

it means 4g ends up owning 51% fuji and-- means supporting 51% of xerox.terms of the deal itself. dealmaking with xerox. ed: they also criticized the whole of the deal, as you point out, they were tricked by fuji into a growing into a deal that was bad for xerox. julia: what is the response? ed: xerox says this case has no merit, and they said clearly that he was authorized to engage in discussions with fujifilm and fuji xerox, which is the deal between the two. ideally, what happens next? no deal? [laughter] what they want to do is not over the board of xerox. and kill the transaction. and they say xerox can be worth $65 a share, and if you look today, it is a huge amount of upside. in reality, it fuji came and said they will give five dollars dividend,share or a they might say ok. ofre is a lot of rhetoric how bad this process is and how poorly the board has behaved, but i am sure there is one thing that will, resolve this and that is price. julia: what about the convoluted nature of the deal? will we get back to basics and renegotiate with the deal will

this on my report there was the resumption or at least some attempts being made at talks between fujiero rocks to renegotiate that transaction i wanted to come back to it because i misquoted fuji's lawyer in court on friday. when the transfer came out that was made clear many people tell me it was implied the renegotiation. separately i can tell you it was confirmed by people close to the situation two companies are engaged in the talks, perhaps, coming to no end bull we'll see but to be fair to eric goldman, fuji's attorney, i wanted to share what he did actually say it was not, as i quoted him as having said there was a renegotiation underway in fact, he said, "it would appear from the scope of the allegations and the depositions and otherwise there are claims or efforts being made to negotiate with us again. i wanted to make that clear. i'm sure he got a lot of heat from his clients we'll see what happens on xerox. >>> shire is another name we haven't heard anything from them this morning interesti interesting tekada raised the bid. ten year drawn conclusion there? >> no. >> have i

. >> one thing that is interesting fuji are in discussions.e things being factored in is the accounting scandal. they would use that as leverage that can benefit from energy. they want? do they want this in better terms? what is the best deal here? more money.hey want a detail outlined plan. the other thing that would probably get them to back off is the cash component. i think that would factor into any decision. certainly, the court would imply he would strongly agree with that. >> it doesn't surprise. allegations made by the shareholders is true somehow. give us a timeline. >> we go back to court tomorrow. we are likely to get some judgment early next week. then come up we have the they areof whether happy or continue to be local. >> thank you. ceo isup, here why the having record prices returned. from new york, this is bloomberg. >> this is bloomberg markets. a very important program note. it is my father's birthday. happy birthday. happy birthday. >> barclays is showing some .omentum the results may strengthen the banks biggest shareholde

he had written correspondence between executives at xerox and fuji. what they collectively is there was in fighting going on before they got this deal. a lot of different voices. some people said it was a great idea. there was this issue around jacobson. the ceo of xerox. fullnts to maintain he had authorization to do the deal. carl icahn has said he didn't. he was acting and was essentially fired midway through negotiations. some of the documents appears to be showing that is correct. >> we will have to devote a whole day of television. i believe it has not been completed yet. could this throw a wrench? >> the next time it will have a decision, whether they will have a case and conjoined the merger. that is happening on the 26th. i'm sure there will be more mudslinging. say he told jacobson earlier before this kicked off industry wasinting wishe of -- well he she'd never invested in the company. julia: juicy. what did we hear from him? any further evidence for why this deal should take place? exit it is so vanilla by comparison. he did not say anythi

leaders,ny biggest including carl icahn, are also read calls on shareholders to block the fuji deal.he bloomberg business flash. alix: the global synchronized growth narrative is showing signs of weakness. revising lower and inflation is decelerating in the u.k.. i should say up less in the u.k. as well. in the u.s. we have a slew of fed speak this week and the question is, is the fed close to achieving the target? for the u.s.k economy is positive. the economy is on course to be a strong as we have seen and many decades and inflation moves into the 2% target. the challenge is for monetary policy to keep it that way. this is never an easy task but we are well-positioned to achieve our goals and to handle unexpected twists and turns ahead. alix: with us is david donabedian. in -- where interns are we in terms of fed talks? dave: when they look at the domestic economy, i think they mostly see strength. the other thing they see is the long for stats it -- the long forecasted pick up. it is an forecasted anymore, it is actually happening. if you look at the average hourly earnings and th

judge has temporarily blocked xerox's deal to sell most of the company to fuji film the ruling whiche transaction was negotiated by what they are calling a massively conflicted xerox ceo who was looking out for his own interest over shareholders >>> and "avengers: infinity war" brought in $250 million domestically the biggest domestic opening weekend of all time possibly its global take was $630 million making it the biggest international debut in history no other films opened in wide release against "the avengers. >>> and gamers and parents are bracing for impact tonight fortnite gets a fresh update today in season four which means a new battle pass, skins, dances, and more it's suspected that a comet is going to destroy parts of the map in its battle royale game play two areas people are betting on. tilted towers and dusty depot. the phenomenon expanded from the pc and console to mobile devices last month and has nearly 4 million people playing right now. and the battle pass will cost about $10.65 which means big money for privately held epic games. not to mention extra money for o

among the stories front and center, japan's fuji film says it is willing to discuss changes to its deala controlling stake in xerox major xerox shareholders have sued xer on ox saying jeff jacobson closed a deal in order to save his job. the two opposed the transaction. xerox up by 2.3% the cost of investing in mutual funds and etfs is at an all-time low. that's according to figures from morningstar. the average fees fell to just over .5% in 2017 that continues a trend that's been in place for more than a decade one that morningstar estimates has saved investors about $21 billion. exxonmobil set to report at the top of the hour. chevron will be out with its numbers about half hour later. energies producers have been benefitinging in recent months from the increase in crude oil prices we are continue to go watch the ten-year note closely. yesterday it closed below 3% and this morning it is just below that at 2.972% the stock market futures this morning have been higher, especially for the nasdaq. it hooks like the the dow is down by about 50 points right now. but the nasdaq indicated to