i'm jim patrick, patrick and company, representing myself and the public. i argued in front of this commission that we should not do this report. so now i'm evaluating some of their recommendations. reposition the rail, so-called rail program. we formed the tjpa a long time ago, which was a ring forking, which is a very thing they're recommending was done a long time ago. redefine the program value proposition. if you look at the tjpa board, what they have on them is caltrain, muni, bart. they have all of these players on the board. that's in position now. rename. yeah. you want to rename it, that's no big deal. drum up support for financing. yes, definitely need to do that. engage the public directly. advance social equity. i'm not for social equity, i'm for building the most efficient railroad system as quickly as we can, that will achieve social equity. so i think we've got the shoe backwards here. this effectively delays this -- it has already delayed this program nine months. we all agree on that. it appears to me it will delay it another 24 months. al

. >> i am jim patrick from patrick and company. i'm one of these small businesses that people are talking about. in the planning department, we reach out to everyone and we are going to move a sewer line in french. we have all these vehicles to reach out, and that is handy, but now we have a big project. we need to reach out to small businesses people and offer them some alternatives. alternatives that might be a cash cow, i sort of wonder about that, everyone will line up for that one. how about supporting the fees a bank might charge to arrange a loan? maybe there can be other ways we can package different alternatives so you present to the small business. we believe your business will be impacted by acts, it will drop 25%. we feel that you may need a loan , and if that is true, you will get a loan from a -- from banc a, b., or c., and we'll fund 5% of the loan and all of the fees. it could be something else rather then a giveaway but offer appropriate choices, much like the planning department goes out and solicits -- we will pu

okay the next question is from patrick sutera jim, for retirement, is it best to dollar cost averagewait and buy on market downturns/madtweets. this is really important here's the way i do it i try to do it 1/12 a month if i can, each month, but if there's a big break in the stock market, i accelerate some that i would do later in the year and put them to work in that break, even up to a third of it. so in other words i like to take advantage of the declines and accelerate what i put in and i've done that for years and years and it's really worked for me otherwise, divide by 12. next up is larry this morning, my wife said what would they do without cramer my wife said the same thing. all right. now, look, you know, i'm a teacher, i got some books, i try to come out here every night but it's really important for people to know what you need to do, what would you do without yourself this is about empowering you it's not about giving you ideas. it's about how to look at them a lot of people look at this show who haven't watched it over the evolution and say, oh, he tells you, you know,

jim cramer and david. >> well, that's it i mean, that should be a show on its own. next up, patrick tucker ask s at jim cramer serious question, are accounting issues pretty much always because of some level of shadiness or can honest mistakes be made? this is -- i can spend -- i may have to do a whole segment on this some day because the answer is honest mistakes can be made and a lot of times my rule will keep you out of a situation where there is an honest mistake and the stock takes off but there are other cases where it's not honest and you lose everything so i am going for the maximum risk situation as opposed to the minimum one and i can't really tell from the outside which is which, which is why i'm so cautious. now, a tweet from samuels who wrote my brother is 26 with no 401 k offered at his job should he open a roth? i prefer the roth. joe tweeted @jimcramer, you repeatedly said you prever individu -- prefer individual stocks i want an index, s&p 500 fund and want you to put your first $10,000 there and continue to use that as your retirement vehicle but i also think that

to find the last one you have to go back to jim mattis in december. then acting patrick shanahan quit in june. courtney kube following the developments from the pentagon. and jeffrey mccaffrey. there are those so frustrated it has taken so long to get a defense secretary in place. how do you see this confirmation process going for esper? >> people think he will slide through this confirmation. it's possible he will get voted, confirmed and sworn in this week. then they can start working on the other more than a dozen open slots for political appointees, including esper's number two. that he wants the deputy secretary of defense. we could see a nominee on that as early as next week. so far this hearing has not had a whole lot of fireworks. we expect mark esper who is the army secretary as he is awaiting confirmation, we expect him to get questions on things like tensions with iran. we expect him to get questions on personnel issues like the ongoing back and forth about whether transgender individuals can openly serve in the military. and we did have -- we have one interes

patrick maloney. at the same time, andy biggs of arizona and jim jordan of ohio, both republicans, making their own videoate yesterday talking about the developments in the hearings, specifically the news that the former deputy special -- isl errands everly expected to sit next to robert mueller. butave not seen his seat with discussion and concern from republicans, here is the conversation. >> i am agitated because it seems like robert mueller is calling the shots even though he is a subpoenaed witness. aaron zebley will be there at the witness stand with director mueller. i remember when secretary clinton testified, she testified for 10 hours, counsel said the hunter, you have -- sat behind her, you have a witness, but with robert mueller and jerry nadler, you have specialty. >> democrats tell me he is just going to say what is in the report. is, he is ato that subpoenaed witness, i am asking questions, if you will not answer them, unless you have a privilege, you are in contempt. >> good point. i will have plenty of questions and we hope he does answer and he answers and not deferring or his -- i do n

jim mattis as secretary of defense. italy mark esper, who has been serving as acting secretary since june. patricknahan abruptly quit after serving as the acting surgery for six months. the world health organization is meeting in geneva today to decide whether the continuing ebola outbreak in congo warrants being declared a global emergency. the agency says the spread of the disease into the city of goma is a potential game changer. the latest outbreak has killed 1700 people, mostly in congo. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. shery: live from bloomberg world headquarters in new york, i'm shery ahn. amanda: live in toronto, i'm amanda lang. we are now joined by our bloomberg and bnn bloomberg audiences. shery: making bank. consumer division posted strongest quarter since 2013. the rest of the u.s. banks are set to announce over the course of the week. went to the fud cuts mean for the banking business. china's economy slows to the weakest pace since quarterly dat

put up a tblask, patrick shanahan, acting secretary of defense, he withdrew, the president withdrew his nomination to be permanent defense secretary, because ofst do violence. and jim mattis resigned because he was essentially upset because of the president's nooument he was going to beithdrawing are troops from syria. there have been a number of individuals withdrawing from the-m. ugoihave annal acting labor secretary, acting defense secretary, acting u.n. could ambassador. in so many ways the have so manyn wil people in acting roams. the important things is that these people wilbe now preliminaried, not be able to have agendas, not make theth decision might be able to make if they had permanent jobsd within theinistration. it is important to note there are noti las, in the administration, alex acosta was the only latino member in the president's administration. >> woodruff: they haven't been confirmed by the senate, which is what one needs to do to be able to carry outs the job. what are boiling are what expected to bethis large scale raids on immigrants around the country by ice. what more was the president sahing about this s morning? >> he insisted that these

when patrick shanahan was the nominee after jim mattis laughed, he was viewed as in the running but did not get the not. now he is on the fast track. he has sailed through confirmation. the only pushback he got from senators was from elizabeth warren who pushed him on his board for raytheon. he was a vp for government relations and their top lobbyist on capitol hill. she asked whether that would present a conflict of interest and wanted him to make a commitment to not work for another defense contractor for four years after leaving government service. he would not commit to that. she asked for other concessions he would not agree to, on the advice of his counsel at dod. it seemed like the other senators on the committee were very laudatory of him. he was introduced by senator tim kaine, a democrat, who had nice things to say about him. the word is there going to have the first vote on him on a day and -- monday and it could be as soon as tuesday he gets the final vote, and he is seen to be sailing through barring unforeseen circumstances. he worked in the senate for a while. he was a we

when patrick shanahan was the presumptive nominee for defense secretary after jim mattis left, he was viewed as somebody who was in the running but did not get the nod. now he is on the fast track. he had a confirmation hearing this past weekend sailed through that. got frompushback he senators was from senator elizabeth warren, who pressed him on his work for raytheon. he was a vp in government relations their and their top lobbyist on capitol hill, and she asked about whether that would present a conflict of interests. she wanted him to make a commitment to not work for another defense contractor for four years after he left government service. he wouldn't commit to that. she asked for a couple of other concessions he wouldn't agree to, which he said was based on advice of his counsel at the dod. and despite that, it seemed like the other senators on the committee were very laudatory of him. he was actually introduced by senator tim kaine, a democrat who had very nice things to say about him. so the word is, they are going to have a first vote on him on monday. and it could be as so