then once all the flour gets moistened, it will still be lumpy, that's good. >> i have a half cup of diced mango, in chunks. we'll fold these in. these are mango pancakes. fold them in like that. you see the flour, keep folding. that looks good. >> you barely mix. >> the griddle is preheated to 350. you can use a non stick spray if you like, i'm a butter guy. always have been. but we'll put butter on there. we'll put the pancake batter on >> go to our website, click on the carolina kitchen link. you can check us out on pinterest. >> they are looking great. nice and golden brown, holly is going to put that bananana maple totoing on top. this smells good. >> it is great anything you want. >> how much more? >> more in the center. >> you can send them in there too? >> no. just the bananas and a little bit of butter. >> looks great. thanks. >> thank you. >> that's what is cooking in the carolina kitchen. >> up next, a maim cell phone provider could owe you money. you have to act fast. the deadline to cash in is now. >> if you can't catch news 13 on tv, watch our newscast streaming live on

enough debt, and less you have a financial crisis ite 2008-2009, and i think is lumpy, inefficient forrtion of it. if you look at the big names come at looks like a government bond it is so big. $200you get down into the million and $400 million issues, it's harder to get data. what you think? give people an easy way to access the market. i'm not sure people should be doing that with a distressed. that is more of leave it to the aperts, and it should be small piece of your portfolio that you buy when opportunities rise and you don't look at it for a while. >> returns for high-yield next year? 4% to 6%,t case is but most of that is frontloaded in the beginning of the year because we get a bounce off the lows as we head into the new year and a consolidation midyear and we turned sideways. >> as we embark on monetary diversions, where are the most distressed opportunities? one is the coal business. coal is toast. it is a structural decline to zero over the time. oil and gas is cyclical and in an advanced stage of decline. is it bouncing back? no. that are the two sectors look the most att

that many investors have actually struggled in 2015 and it sounds like a goodyear but it was very lumpy what we saw was a very strong trend but over the summer a lot of disappointment with the fed. first june and then september and a lot of us pushed the hike into 2016 but we came back to december so it was hard for investors to track that that wasn't expected and plushed out a lot of trades. >> how do you want to play the yuan? it dropped 6% this year. we don't know how much further devaluations is in store. it's hard to second guess what the pboc is going to do but this could be one of the big trends? it's not free floating. from that perspective it's what the pboc is likely to allow. we're looking at around 660 by the end of 2016. maybe more but what that says is a fairly gentle decline but for the chinese to stand in the way of that trend puts them at a disadvantage. so things like dollar career and dollar taiwan it makes sense for the chinese to allow them to participate in that trend. >> you're going to stick around maybe even a little longer. maybe we can get you a cup of coffee

casey made a bad first impression on others, even more so when he was middled aged help was tall and lumpy, jowly face, thick eyes, a thick lips, bulging eyes and wisps of white hair on his thad. wore expensive suits, always rumpled, his tie often stained waist he had eaten for lunch and frequently mumbled. his acquaintances usually ended up either being life-long friends who worshiped him or skeptics who just couldn't escape the uneasy feeling he was some kind of devious operator. but looks were deceiving with casey. that shovenly appearance covered a body constantly on the go. he once wrote a lengthy article how to to quickly consume a nonfiction book. he would parade from -- read from back to front, checked out the index to figure out what he needed to no and bidine passed the rhys. he had a photographic memory. he could retain passages almost verbatim from reports of journals articles he seemed to be flipping through. the had an insatiablablely -- his idea of fun was scooping up the timetable brochures at the train stations and then studying them in his hotel room overnight so he could

disney, nice numbers for them, but it's going to be lumpy for them next year, right. it's always been the case with studio product, right. but, you know, i think it's always a mixed bag when you have such great box office numbers. you know you're not going to repeat it. >> although it is the re-energizing of a franchise that's going to be with us for quite some time and get disney revenues with any number of sequels. might not get prequels but actual sequels to follow this one. >> potentially other vehicles for their tv properties. offshots of "star wars" franchise, whether it's abc disney or revamped abc family channel which i think they're calling free form now. whatever they can do to change it into revenue occurring, which is their tv products. >> -- "frozen" merchandise had, that anybody expected. there seems to be a "star wars" and ex-"star wars" component to this because "star wars" and "jurassic world" is lifting the overall annual box office numbers. "new york times" points out for the first time in 35 years warner bros. does not have a movie in the top 15. t

it doesn't make it lumpy. kenny: there's definitely been a move away from eating shortening for heart health. lemonis: one thing people will look at on the back of a bag is the ingredients, right? i don't particularly like shortening. it feels artificial to me. lynn: i'm just concerned about the customers here. they're used to my biscuits. when you start adding something different, and you're used to my recipe... lemonis: i'm a little concerned that lynn's pushing back on what kenny's suggesting. the only thing we want to do is make the adjustments so the biscuit can be mass-produced. lynn: this is crazy. you know, it is a family recipe. i'm trying to adjust, but this is not us. kenny: my grandfather used to always say to me, "if you're not changing, you're stuck. and if you're stuck, you're not going forward." ewell: you need to open your eyes a little bit. lemonis: i need to open my eyes? have you worked the register since i've been here? have you worked in the kitchen since i've been here? i'm open. what am

>> i think it will be very company happen dependent and lumpy.ch institution and i think there are some very -- i think it will depend upon each institution. others are still adjusting their business models. very hard to give one industry an answer for the whole industry. tom: francine, jump in with a view from the city. francine: actually, i was going to talk about company-dependent, when you talk about dramatic changes, who is going to wind up on top when the landscape changes? there will always be 2, 3, 4 banks that will be number one. >> i think you have to look at this whole class of global 29 sissys. central bank's around the world have identified the banks as must be too big to fail, and i will look at that class versus the rest of the industry. and i think the rest of the industry is continuing to show growth. i think there is some great talent in that sector. when i look at where the demarcation point is, it might not just be one company. i think you will see a big shift between the class of the global sissies and everyone else. francine

consumer is in good shape but it's been lumpy data.o you think the fed is about these issues? >> the fed is monitoring these issues. it's heartened by the continued -- i wouldn't say strength but reasonable progress of the consumer. it seems that fortunately no matter what has happened, whether it's tragic events, terror events, economic events, the consumer continues to move along at a fairly solid, not robust pace. that is something that's been helpful. investment has not been as strong as anyone would like. but so far there seems to be reasonable robustness to these shocks. >> what do you think would be characterized as a success in the eyes of janet yellen after today? stronger equity market? weaker dollar? what will she look at? >> she will be hoping for very little change. i think what she's hoping is that she's telegraphed exactly what will happen here, so that markets have largely anticipated it obviously slight positive in the markets would be better than a significant negative. but i think she's more looking at the long run,

it's been a lumpy recovery and it's in the industrial complex where you're hearing industrial recession being fotossed around. the association of manufacturers only 55% of those companies say the economy is strong enough that the federal reserve should be -- should not be raising rates. >> it's a great -- >> but i have to step in here, kelly, when -- >> go ahead. >> when you think of what's going on, we're going to lift rates off of seven years, look at what's going on here. there's an earnings recession going on in the u.s. you can talk about the inflation. it doesn't really exist, but there was a quote this morning. 65% of the net income for the s&p 500 has come from corporate buy backs. it's happening because of zero interest rate policies. i know we'll talk about 3-m where things aren't fantastic here for corporate earnings. >> 3-m was down 6%. unusual for a company that size. it cut below the guidance estimates. let's get to deirdre bosa. >> you saw the sellout play off in a big way. the stocks were showing in some four years, shaving off some substantial amount of the dow's gain t

there were some pockets, some stories, some individual stock and sector moves which reflected the lumpinessthe economic recovery and the fact that central banks have been surprising all over the globe. the dollar strengthened 8.5% this year. there were stories that led to that flat market underneath. >> stories. >> you could have made or lost a lot of money. >> energy will be the story in 2016, especially in the credit markets. >> i would add the mega mergers. the fact that we saw blockbuster transformative deals. what that means for the cycle into next year and hedge funds did so poorly. all of these factors at work. there were a lot of winners and losers. >> if i may, my thesis of a blah economy is indicative in the mega mergers, whether anheuser-busch and miller -- >> do you think that that continues? do you see some catalyst here for the economy to significantly pick up or something else here? >> yeah. i think that you have to look broadly. i agree that returns from here are going to be lower than a few years ago. multiples are higher. growth is low. but you still have to put money out

still a lumpy read on consumer confidence and spending.square such a strong employment report with all of these sluggish other data points? >> i think in the economic data, the trade manufacturing, housing sectors tend to be overemphasized. the service sector, we don't get as many readings on them. i think the service sector is doing much better. that's why the economy is doing better. to lindsay's point, we will get mixed signals over the year ahead. mixed signals might justify a neutral monetary policy, but we are so far from neutral, if you start from an emergency level of zero, i think that mixed signals justifies a gradual move back up towards normality. i expect the federal reserve will see that as the year progresses. >> still hanging in the air what it means for earnings and the stock market. we'll talk about that later in the hour. thank you. >> thank you. the investigation continues today into the mass shooting in san bernardino, california. let's get the latest from jab well wells live on the ground. >> they're keeping this buil

part of that has to do with, we know when there is going to be lumpy volatility.ckage to provide a risk management point of view. my perspective is, i am not smarter than the market, i just want to have a disciplined risk-reward approach. if i am wrong, i can get out and fight for another day. it is when you think you are right and you average down and average down. has assigned behind his desk, losers average losers. try to get the risk-reward in a good place. david: i am curious about something, the upper middle class is not doing well. this is not how economist look at it. a look at the top 10% and the rest of the economy but when you look at places like tiffany's, it is not behaving the way it used to. -- sector,ire sect where i shop and were height have been going, nike, under armour, the home depot, those have held up. stephanie: you do not think i go to any of those stores? >> ralph lorenz, tiffany, whole foods, those have not done well so i'm looking at that as a lead indicator. that is another sign that perhaps the economy is slowing down. i believe the m

based on the presentation the questions in the lumpiness of this particular hearing, and some of theedback is there any additional information presented by the opponents that you want to respond to at this time?? yes, thank you. >> yes, thank you. just a few issues i want to respond to. with respect to hazardous material and water quality impacts the pounds at the hearing today analytic results from sediment sampling from storm water drains the project area. it's not appear that the actual sediment sampling locations were documented in the materials. regardless, those would be reflection of existing conditions today. not a result of the proposed project. seek was concerned about the effect of the proposed project on the environment. with respect to contaminated sediments and storm letter the project during construction would be subject to sediment control storm water prevention plan which is required under the states gen. permit for construction. this main purpose of that is to prevent off-site transport of sediment contaminated sediments, from storm water. once the project is constr

we take a look into the financials, we see lumpy earnings and sales growth in 2015 into 2016.ason for a sideways stock performance. most important could be from a macro perspective. what does this say about the economy especially in light of yesterday's isn print? you. thank abigail doolittle at the nasdaq. what does it take to be a great leader? more from mark benioff, next. ♪ vonnie: a civil rights group says google is invading the privacy of students. google says the system collects data about video searches -- saudi arabia's oil minister addresses concerns -- meeting friday in vienna. the saudi's acrobat position. bmw's achieve assess sooner or later using diesel engines mode -- won't make economic sense. the ceo says loss will make diesels impractical. that is the latest business flash. stephanie: i want to take a moment to talk about leadership. we talk or for governance and what it takes to be a great leader tomorrow. i sat down with mark benioff. he has built quite a big business and i asked him what makes a successful seo. -- ceo. from you have to move being focused o

. >> a lot of other categories includes the app store stuff, media sales, and so it is lumpy, hard toeally see what is one thing versus another. >> you have apple watch. >> i like it. >> all you've told me is it tells you when to stand up. >> no. it also -- >> what else does it do? >> i used to wear a polar around my waist when i worked out. >> a what? >> p-o-l-a-r. measures your weight. wearing those things is tougher for women than men, okay? >> speak for yourself. >> for people like you interested in fitness and have, like, fit bits, those device, this is doing well. that's a segment. it's not -- they don't feel essential yet in the way the iphone does. >> taking market share from fit bit? feels like it is. >> it is, but that's still an expensive, you know, replacement, right? >> maybe they know how to make a watch that looks good too. instead of, you know, there's going to be -- >> criticisms, right, like, some, you know, looks ugly or -- >> it's not ugly. it's ugly? it's a watch. >> for watches for a lot of people, it's jewelry. so if it's not up to standard, they don't want to p

based on the presentation the questions in the lumpiness of this particular hearing, and some of theedback is there any additional information presented by the opponents that you want to respond to at this time?? yes, thank you. >> yes, thank you. just a few issues i want to respond to. with respect to hazardous material and water quality impacts the pounds at the hearing today analytic results from sediment sampling from storm water drains the project area. it's not appear that the actual sediment sampling locations were documented in the materials. regardless, those would be reflection of existing conditions today. not a result of the proposed project. seek was concerned about the effect of the proposed project on the environment. with respect to contaminated sediments and storm letter the project during construction would be subject to sediment control storm water prevention plan which is required under the states gen. permit for construction. this main purpose of that is to prevent off-site transport of sediment contaminated sediments, from storm water. once the project is constr

based on the presentation the questions in the lumpiness of this particular hearing, and some of theedback is there any additional information presented by the opponents that you want to respond to at this time?? yes, thank you. >> yes, thank you. just a few issues i want to respond to. with respect to hazardous material and water quality impacts the pounds at the hearing today analytic results from sediment sampling from storm water drains the project area. it's not appear that the actual sediment sampling locations were documented in the materials. regardless, those would be reflection of existing conditions today. not a result of the proposed project. seek was concerned about the effect of the proposed project on the environment. with respect to contaminated sediments and storm letter the project during construction would be subject to sediment control storm water prevention plan which is required under the states gen. permit for construction. this main purpose of that is to prevent off-site transport of sediment contaminated sediments, from storm water. once the project is constr

based on the presentation the questions in the lumpiness of this particular hearing, and some of theedback is there any additional information presented by the opponents that you want to respond to at this time?? yes, thank you. >> yes, thank you. just a few issues i want to respond to. with respect to hazardous material and water quality impacts the pounds at the hearing today analytic results from sediment sampling from storm water drains the project area. it's not appear that the actual sediment sampling locations were documented in the materials. regardless, those would be reflection of existing conditions today. not a result of the proposed project. seek was concerned about the effect of the proposed project on the environment. with respect to contaminated sediments and storm letter the project during construction would be subject to sediment control storm water prevention plan which is required under the states gen. permit for construction. this main purpose of that is to prevent off-site transport of sediment contaminated sediments, from storm water. once the project is constr