on top of that, there is a $10 credit on the cost of medallion down payment. in addition, we are providing free ramp taxi training classes, and we had it from -- i believe march until the end of june and we have extended it to the end of july. we also noted that there are challenges in the outlying neighborhoods for people to get taxi pickups. so we have an incentive for every two paratransit wheelchair pickups, the ramp traxi driver gets a free, go to the head of the line pass at the airport. this has a tremendous economic value for our drivers, who can get in and out of the airport fast and they will do the two pickups. that has been working well. let me just give you some numbers here. so from -- we have had these new incentives in place since december of last year, and at this point 122 drivers have earn a total of almost $3500 worth of incentives in that short time. in terms of the credits towards their medallion down payment, 36 drivers have earned a total of almost $28,000. so that is real value for our drivers. we've given out 270 airport short-passes

in medallions.ese services can save money, could it be a long-term bet? >> there's definitely a place for the systems. we have complaints here in washington from african-american citizens who say i can get the debt by a taxi. areices like lyft and uber agnostic. they are into queens and brooklyn. please is that have been traditionally underserved by taxis. i think there are no questions. on the supply side, they are providing employment for people that are underemployed. we do have four .4 million part-time workers in 2007 before the recession. now we have 7.5 million. or airbnb canlyft allow people to keep their quality of life with a need to, and they don't have a full-time job. we will have to leave it there, unfortunately. the urban landt institute, thanks for joining us. why is the weather channel's ceo wearing a smart watch? find out how mobile tech factors into the company strategy. ♪ >> welcome back. we turn to the one number that tells a whole lot. jon erlichman is back from sun valley, hol

this artificial medallion system, these medallions are valued at about $1 million a piece. they are owned by very wealthy individuals. when you add that value, that is over $13 billion. when you see a big controversial regulatory battle playing out, what is happening is you have these wealthy medallion holders doing everything they can to protect this asset. it defies all logic. it is worse for the driver. it is worse for the passenger. passengers pay more, drivers earn less. lyft is there to open up a new alternative for folks to get drivers paid more money to provide a cheaper and better experience. >> airbnb is dealing with that stuff as well. what are you doing to deal with that? >> absolutely. what we're doing behind-the-scenes is we are explaining all of the detailed safety procedures that we take every driver through. we explain that to all of the officials. what we are doing is brand-new. most people don't understand the details of our operation. we sit down with them and we walk them through their safety procedures. we get them in lyft and understand how we operate

>> yeah. >> reporter: sfmta decided he wasn't a public risk and allowed him to become a medallion holderan francisco. but adam ludwig says whether it's a criminal past or dangerous driving habits, it appears the system allows some san francisco taxi drivers to avoid accountability. >> it sounds like what is going on there is the lack of enforcement. it doesn't seem that there is a huge consequence. >> well, i'll certainly look into this and see if we have taken appropriate action. and if we're going forward, then that's what we can focus on. >> reporter: and in the meantime, if you have a problem with a taxi or a driver, sfmta still is urging the public to file a complaint. keep in mind cabs do have cameras. but the recording is only kept for 72 hours. so make sure you make that request for the video as soon as possible. for more information on taxi safety, just go to our website, nbcbayarea.com. that's where you'll find an active map shows the number of deadly taxi accidents in san francisco, santa clara and los angeles. elise kirschner, nbc bay area news. >> thank you, elise. have you

right now, the idea for paying for the use of a medallion, when you have thousands of cars on the street doing the exact same thing is not sustain able, the values have gone down, and they will continue to go down. and they will continue to go down, a company like soto can only survive if we can make some sort of a profit and believe me there is an enormous demand for service and we can be profitable in a deregulated environment when i am not paying for the use of the med dallons it is not the issue here, a company like desoto in 90 days will have to transition to one that no longer uses med dallons if we do not change this environment, and i am not the only company and that is sadly is the reality today, thank you. >> speaker? >> kristine rogers followed by anthony balister and herbert winer. >> good afternoon, thank you. >> thank you for having the comment. >> and like my name is kristine rogers and i have been a resident of the valley for 14 years and san francisco for 25 years. and my comments today are in regards to two requests for modifications for the commuter shuttle pilot progr

it was something where you can buy these medallions, make 20% to 30% return on cash. do not need the prices to go up. argentina is a difficult country to operate because the currency is unstable. to own pesos.want they want to own tangible assets. traditionally, farmland, apartments. the apartments, to make money, they would own it -- >> for security. asset.nt a solid they were willing to sell you these medallions. >> many times, they are retiring. they do not view it as a tangible product. >> the annualized return is a little over 20%. close tolions have triple since we have owned them. know --u >> to put things in perspective, a card earns around -- dollars a year. under 50 and we are acquiring another 100 70 shortly. we are negotiating with an owner who is selling them all to us. >> you want to have a thousand? >> yes. there are so may people because of the economic crisis that want to get out. they want to get out of the business and enjoy their life. >> you are making a killing so far. money.work for the it is not like every day you are it to cash it. every day y

the medallion fee is required to operate a taxi fee in san francisco.ow they are considering to have them operate like the ride share companies and only pick up prearranged rides. >>> google wants to fund electric shuttles in mountain view to provide free transportation for residents in that city. the city council is expected to approve the proposed plan in september and if it passes, google hopes to have buses running by late october. the pilot program would run for two years but it could be extended. so far the proposed route for the four shuttles have not been disclosed. >>> enrollment growth at california state university will be cut by half this fall. this comes after state funding fell short of expectations. csu officials say that means instead of a growth of 20,000 students, the system will only be able to accommodate 10,000 additional students. meanwhile officials have the university of california system say the number of new students from other states and nations will continue to increase this fall. >>> in pinole, the first day of school is mor

decide whether the driver is dangerous. >> are you aware that you have registered sex offender as a medallion holder? >> i don't want to comment on any specific individual. i just want to be broad in my response. >> i think the public would be surprised to know that. >> well, i'm aware that there may be an individual and this is something that has, again, everybody has due process. >> reporter: this taxi driver was convicted of a felony after he arranged to meet a minor for a sex. we asked him how he got through the permitting process. >> i was honest with them. >> you told them? >> yeah. >> reporter: sfmta decided he wasn't a public risk. adam ludwig says whether it's a criminal past or dangerous driving habits, it appears the system allows some san francisco taxi drivers to avoid accountability. >> sounds like what's going on there is a result of lax enforcement. >> it us then't seem like there is a huge consequence. >> well, i'll certainly look into this and see if we have taken appropriate action and if going forward then what's that we can focus on. >> a couple of pointers. if you have a

sfmta decided he wasn't a public risk and allowed him to become a medallion holder in san francisco. but adam ludwig said whether it's a criminal past or dangerous driving habits, it appears the system allows some san francisco taxi drivers to avoid accountability. >> sounds like what's going on there is the result of lack of enforcement. >> doesn't seem that there's a huge consequence. >> well, i'll certainly look into this and see if we have taken appropriate action. and i feel going forward that's what we can focus on. >> a couple of pointers, if you have a problem with a taxi or the driver, sfmta wants you to file a complaint and keep in mind cabs do have cameras inside but the recording is only kept for 72 hours. so make sure you request for that video is quick. >>> when we return, it's a call you don't want to receive. it's the largest scam of this type that i'm aware of. who's calling and why answering the call has cost californians $1 million so far. that's next. you used to sleep like a champ. then boom... what happened? stress, fun, bad habits, kids, now what? let's build a

it's around medallion meant to look like a coin and he said this is money. the question is, is that really money? i don't think that's what he was trying to say. i think what he meant is that silva represents a value. he is trying to portray what the value of money -- we can argue if silver is money. that's part of our topic today. how gold eat out silver is an important part of the change of silvers function in our current economic environment but it's much more than that and much more complicated. for this presentation, had to take a u.s. aspect, u.s. point of view. i could not look all over the world. i touch upon the different things that were going on in the world but i am very u.s.-specific which makes it easier for a short resin tatian and more enjoyable. -- a short presentation and more enjoyable. we have records of over 5000 years ago in written text of 282 laws called a code that silver and wheat were the principal forms of exchange of that time. gold was on the board but it was not one of the main forms of exchange. in fact, silver was the most pr

. -- medallion. >> the agency also relies on public complaints and takes action accordingly. but we dug through hundreds of public complaints and found out they're often slow to follow up, despite reports of unsafe driving and rude behavior, the majority of the time, the city just advises the driver of a complaint. 2% of the time a citation is issued. and few are than 1% have their taxi permit suspended. >> what would a driver have to do to have their permit suspended or revoked? >> again, there's a system in place. i'll not prepared to answer immediately. >> reporter: she does say that drivers have to pass a driving test and have no prior convinces of a crime that would in the judgment of the sfmta present a risk to public safety, meaning it's up to the agency to decide whether the driver is daeg russ. >> are you aware that you have a registered sex offender as a medallion holder? any specific instances.ent on i just want to be broad in my response. >> reporter: i think the public would be surprised to know that. >> i'm aware there may be an individual, and this is something

, that the principal medallion goes to the main anchor of the morning news, which in this case is george stephanopoulos. >>> another person said to me he's a blank slate. would you agree? >> i don't think so. in terms of the numbers he draws when he subs for diane, he sometimes improves on those numbers. his weekend news anchoring, he has healthy numbers. and he has, you know, a young guy, only 40, and he has a rather distinguished reporting career. so he's no dan rather. he doesn't have the sort of larger than life movie star personality that anchors like dan and diane have had, but, you know, he's a young guy, and it's a long game, and we'll see how it develops. >> i was struck by the fact when you wrote about the announcement, your headline was about george stephanopoulos, that he wins abc's chief anchor crown. you are focusing on that part of the news than the evening news. why was that? >> this is a whole new configuration. usually -- or always on these broadcasts the person who has the evening broadcast is the lead askor, and gets the big interviews, askors all the big news reports

taxi's are required to have a medallion, which he says costs 22-hundred dollars a month for a painting worth 50-thousand dollars has been found in the historic patterson house in fremont. it was done in the early 1920's, by renowned new york city artist john coke. it's a portrait of a woman named her husband taught at the university of michigan.and probably met coke there. after may died - her belongings were sent to her sister sarah -- who married henry patterson. the painting will eventually be on show at the patterson house.and in the meantime, is tucked away in a safe. > > ferry workers could be among those to go on strike if a compromise is not worked out between them and at golden gate bridge and highway administration. they have been working without a contract. one has recently been put forth which include several raises over the next few years but they say it is not enough to deal with cost of living increases. > >new at 11. the a's celebrated the 15-th annual root beer float day today. the charity event benefits the juvenile diabetes research foundation. kron-4's vicki liviaki

does the medallion-based car service-based company deserve to be disrupted?er first came to new york and tried to enter without any cooperation from the regulators, but that didn't last long, and we've worked with uber very successfully, and they're now a part of the industry, and a large part of the industry, and as a regulator, we don't play a hand in, you know, where the pieces are the pie -- how big the pieces of the pie are. our concern is are passengers getting the service they need and safety standards being met. >> what happens to lyft in terms of punishment, if they go ahead with this, do they get arrested? fined? what are the ramifications? >> well, the sort of unfortunate part is that the drivers, the people of new york that have signed up to do this, may get the worst end of it, because their cars will be seized and they'll be summoned. the city and state in general in court seeking a temporary restraining order against the company. if they do decide to launch at 7:00 p.m., then the tlc and rest of the city will enforce against them. >> sounds lik

after driving for a certain am of time and getting on the and there's pride of ownership in that medallion so we have a strong interest in maintaining that career path. also drivers have workers comp insurance, there's a due process, if there's a complaint against a driver or customer that there's a due process so these are values we finds to be very important for us. sfmta's provided a lot of support to the taxi industry given the economic situation that we've providing incentives for our ramp taxi program to value this important service and there have been a series of fee reductions for the industry at this time. initial initiatives include developing a market and driver recruitment plan so i'll put the call out today we are interested this drivers. we are offering free training for the driver at this point and free ramp taxi training and so we're going to really be putting an effort up in that way, increased enforcement and a focus on creating more taxi stands. that's it in a nutshell >> thank you for jumping into the position so quickly and hitting the ground running as well. >> how ab

they wear medallions but they carry holy cards with images of saints, and those are their companions. we went under trellises of freeways throughout the border where they had engraved on stones. god help me. >> do you personally sneak across the weren't? >> no, i didn't. >> so you would walk along the? >> yes. i visited migrant camps were i've seen the artifacts, the objects, the possessions right before they were forced to leave. you see lots of cross is. they were told they cannot bring anything with him at that last stage. >> what is la promesa? >> the promise. if i make it, in return i promise to offer something to god or to my religious icon. and that's expressed in numerous ways. it's expressed upon arrival by going to the closest church you can find it doesn't matter if you're protestant and to go to catholic church, denomination doesn't matter but it right away giving thanks. the extreme case is returning home to provide thanks at some point. the first place the migrant would come, and it's that journey without papers as well, is to go back and give thanks to your icon. it may

only requires driving records from the dmv for new applicants or when a cab driver applies for a medallion. >> as policy, if swin someone has nine citations, three of which for speeding, should they be behind the wheel? >> i think we'd have to look at every situation. yes, if it's a matter of public safety and that's a concern. >> reporter: we also went through hundreds of public complaints and found that very rarely do drivers actually get their permits pulled. in our full investigation tonight at 11:00, also learn why city officials decided to allow a registered sex offender to drive a cab. that's tonight at 11:00, nbc bay area news. >>> and if you have a story for our unit, call our tip line at 88 88 888-996-tips or send an e-mail. >>> a scuffle at the ballpark leaves the giants to change their code of conduct policy for fans. i'm mark matthews. the giants no longer in first place, but they are leading the league in cultural sensitivity. the story coming up next. >>> also, walking with a purpose. the incredible trek one bay area man is taking to raise awareness of the disease that took

in fact, conditions are such that the ramp medallions that companies have held have been given back to us and said we simply cannot afford to maintain a car that has no drivers. so take them back, i don't want them. i believe that that has already taken 25% of our wheelchair-accessible fleet off the road, easily another 25% is sitting idle on taxi lots, burning up operational costs without providing any profit to the taxi companis or drivers or any benefit to the public who needs wheelchair service. currently taxis provide half of paratransit trips and i have been impressed by the group and i'm sure you are familiar with annette and kate and others and their really good work over the years and we have a very efficient public-private partnership, whereby we provide paratransit system through taxi drivers, the taxi drivers get the business and the customers get the service and we don't have to subsidize it to the same extent. some people have said in the course of the cpuc discussions -- other jurisdictions paratransit system is contracted out and you have contracted vehicles. yes, we co

the taxi medallion is the expensive fee required to operate a taxi in san francisco.he chainen would we choir desoto to operate and openly be able to pick up passengers who called ahead to arrange a ride. >>> mare the story about the man surprising people at a concord grocery store by paying their grocery bills. we know who he is and why he did it. here's his profile photo on linkedin. on july 8th, michael walked into the grocery outlet and paid $600 for other people's groceries. he says the reason he did it is simple, he was recently laid off. he felt horrible and wanted to make it a good day. he lives near the market. he said he is pursuing several opportunities for a new job. >>> 8:55. san francisco's being transformed for the disaster movie being filmed in the city. yesterday, a production crew took over parts of san francisco's russian hill neighborhood. they were working on the movie san andreas. it starts dwayne the rock johnson and it's about a helicopter pilot fighting to find his daughter after a massive earthquake. the movie hits theaters next summer. more

to the terraces to add more planters, remove the stairs and add natural stone capers, low-relief medallions designed with chinese iconography have been handed to the 3rd, 4th and 5th and sixth floors t stair glazing on the north elevation has been revised to create silkscreening, historic images of the older hospital, a red color was added to the window frames on all of the upper floors. james alley has been enhanced to include paving bicycle rails and seeding, additional lighting has been incorporated to allow use of the alley, the east elevation, an art mural has been elevated covering the entire wall, the mural will mask and cover all doors and louvers. the permit for construction are reviewed by the office of statewide health planing and development and do not require planning or building department approval. the existing medical administration building has been demolished and the new hospital building is under construction. i would like the introduce linda shoe smacker from xhien naoez hospital who will make an introduction and we have members from chinese hospital's design team who wi

they say that the biggest imbalance is that the tax season requires them to have a medallion.s preference is to keep this a cab company. that would require regulators that to step in and make things equal. >>:giants playing the third of a four-game series at the phillie phanatic having some fun as ron wotus and larry bowa go over the lineups with the lightning and rain delayed the game in the top of the 4th for 59 minutes. madison bumgarner despite the delay pitched 8 scoreless innings with the giants bullpen depleted due to yesterday's 14- inning game he gave them exactly what they needed. top 9th/ based loaded with 2 outs hunter pence slices one the opposite way to right gregor blanco scores brandon crawford scores hector sanchez scores based clearing double for pence final: 3-1 giants dodgers lost so the giants increase their lead in the n.l. west to 2 games rootbeer float day at the o.co coliseum. and the a's taking on the astros. the a's jumped out to a huge lead. bottom 4th. a's up 5. yoenis cespedes hits a 2-run home run off brad eacock his 2nd homer of the game 16th of

floors and the scale of the alley around, so i think it's all in all very positive, adding the medallions and the three dimensional work gives the building a lot more liveliness in addition to the color which president wu mentioned i think, it has come a long way and i'm commending the department having spent the time to work with the refinements on this building. >> commissioner antonini? >> are there any plans to do anything with i guess it's the existing hospital next door which it says chinese hospital on it and try to bring that -- it's rather the exterior of that is sort of buoyant and to see if it can be improved to fit in bet were the new hospital? >> there are some plans for additional signage that were part of the conditional use approval, and we will be looking at any other modifications to be made to that building in 2017. so, after the new hospital is completed, then we'll be looking at work in that current hospital building. >> thank you, i would encourage you to do whatever you can with this one so it can work out better with the new one. >> absolutely. >> thank you for the

congressman rand paul in a meeting with the fed chairman held up a silver round. , silver round is a medallion and he held it up and said, this is money, but the question is, is that really money? i do not think that is what he was trying to say. i think what he meant is that so he represents value, was trying to portray what the value of money is. argue, is silver money, and that is one of our questions and part of our topic today. silver is an important part in the change in our current economic environment, but it is much more than that, much more complicated and now, for this presentation, i had to take a u.s. aspect, so i could not look all over the world. do touch on things going on all over the world, but i am very u.s. specific, and it makes it easier for a short conversation, and more enjoyable, so that is what we will be covering today. we have records of over 5000 of 200 82ritten text loss, a code, that silver and wheat worthy per porsche -- a laws,n text of over 282 weresilver and wheat used. bc, there was a naturally occurring alloy called electrum, and they learn how to in a proc

the advantage of these upstart smartphone apps is you don't need a medallion to drive it.bout who's being regulated, who's safe to use, if there is this difference in regulation? >> all these companies say they have background checks for drivers. there have been some incidents, of course, but not every cab ride goes the smoothest either. i've had arguments with cab drivers. the good thing about these services is that there's a bilateral rating system so after every ride you get to rate your uber driver but the driver also gets to rank you on a 1 to 5 rating so if you have -- >> oh. >> uh-oh. >> are you kidding me? >> so if you have a lower rating, you're less likely to get picked up than someone with a higher rating. >> how do we rate them? >> the same way we rate them. >> on your credit card? >> there's a system now where you can check your own rating. i have a 4.8 which is pretty good. but if you get sort of below 4 -- >> what did you get a bad score for? >> i don't know. that's the mystery. >> being a jerk? talking on your phone really loud. >> mumbling when you're givi

policy quickly, asap otherwise, the wintertime, the effect is coming and your driver return the medallion and the second one and then you will have 100 going back to the office and can't afford to make the payment because we are losing half of our business to the google or any other as google and they don't pay you zero, they don't pay you any money and they are making money on your own street that you put a lot of money on the street and they don't pay you anything, we pay the fee and everything, and because of you, and i don't think that you can effect the governor or district, and we went to sacramento the last two weeks ago. and back in china it has happened before, two years ago but the china government gets involved quickly and they can see that this cab and organized one guy and managed and correcting all of the and steering all of the business for the individual and a small little guy and a big society effect and you know that they get in more quickly and not in america, and in america, is playing is the ball and you put the ball in another state and another state put it back and

it's their medallions of particular christ images that adorn the bar.ut. maybe it's just me, but when i'm getting a nice late-morning buzz, i don't particularly want jesus looking down at me from, like, everywhere. >> how drunk can you get here? don't you feel a little guilty for getting really drunk here? >> of course. >> morcilla. this is one of my favorite things. >> this is your favorite thing. try it. it's amazing. >> gaze away disapprovingly all you like, jesus. i am happy now. ♪ >> overlooking grenada, the hillside of sacramonte is riddled with caves, many of them older than anyone even remembers. spanish gypsies have lived here in caves turned homes like this for hundreds of years. ♪ ♪ >> they call this an juergas, an informal, intimate and spontaneous performance. what jazz musicians might recognize as a jam session. >> this is it. granada, the only place in the world where you get to see real flamenco in a cave. >> alissia is an aficionado. [ speaking foreign language ] our host is a poet, historian, and a patriarch of the community here. an i

moustaches >> reporter:and kim says the biggest imbalance is that taxi's are required to have a medallion, which costs him 22-hundred dollars per month, for each of his 200 cabs. >> this is not something i want to do but if we are talking ecnomoics, 5 million dollars is a big difference in the cost of operations. >> reporter:kim says his preference is to keep deosoto as a taxi company, but that will require regulators to level the playing field. >> hopefully the state and city will wake up and discover they must apply the same set of rules and standards to these new services. >> reporter:140: desoto cab hasn't made any decision yet. they say they real question is how soon will regulators level the playing field and can the cab company wait that long. in san francisco, dan kerman kron 4 news. return >> catherine: a tourist at san francisco's ocean beach came to the rescue of teenagers who caught caught by a large wave today. >> catherine: the man from germany spotted them in trouble -- and he happens to be a volunteer lifeguard. he helped out - and the fire department also arrived on the s

and the regulation, big government mixed with a small group of owners of these ultra expensive medallions have really made the taxi experience a bad one. there has to be an alternative. is a great one at the top in and lift is a great one at the lower in but they are different areas on the spectrum, as far as income is concerned. >> i do have so many bad memories of trying to catch a cab in new york in the rain or whenever they were changing over the times and nobody knew who was picking someone up. them at an use cheaper price point. halo, which ise a tlc lead service to help you hail a yellow cap. if you are more comfortable experience, it you can use the typical uber, which is the black car experience or size up and get the suv experience. for regular taxi users, anybody can get a cab with his or her phone. the question is, which cost level do you want to go to? lift is focusing really on brooklyn and queens in their introduction. the website says brooklyn is the city where they are located. they are trying to serve the more underserved communities, the outer boroughs. or trying to hit

. >>> san francisco's desoto cab company is considering dropping its city issued medallions.he move would keep the company from paying the expensive fee needed to operate a cab. but without those, they would be required to operate like ridesharing companies. that would mean they could only pick up passengers who pay in advance. >>> a load of logs crashed on their car. the family was in the parking lot of a best buy. the mother was sitting in the back with her toddler at the time, and her 13-year-old daughter was in the passenger seat, amazingly no one was seriously hurt. >>> a 32-year-old man from atherton was taken to stanford medical center. the accident forced street closures for several hours around el camino real. el camino is back open tonight. >>> a changing landscape. still ahead, the changing project that is promising to alter san francisco's skyline. >> more changes in our bay area weather. chief meteorologist, bill martin has details on a significant warm up in his complete bay area forecast. >> up first, new flooring that could potentially make you sick. the lawsu

>>taxi's are required to have a medallion, which he says costs 22-hundred dollars a month for each cab. court records released this week. show that the man shot and killed by sunnyvale police last month - is connected to the deaths of four women. police had been trying to arrest glen griggs in connection to a homicide in june. they shot him when he held up what turned out to be a b-b- gun. griggs was suspected of murdering a tenant who disappeared more than a year ago. in a search warrant affidavit.police say three other women died while dating him. two of the deaths happened in sunnyvale -- and another in tuolumne county. police are still actively investigating the cases - despite the fact griggs is dead. the california highway patrol is introducing three new canine teams to the bay area. the teams will be coming to work in c-h-p's golden gate division. the dogs and their handlers have just completed an eleven- week training course. however. the teams will be required to train for eight hours a week for the rest of their career. taxpayers don't cover any of the costs of the dogs' trai

and they're going into business for themselves rather than having to buy a medallion or rent a car from a taxi company. they get all the profits themselves, and i think you'll probably see more of that happen in markets like new york. it sucks for the cab companies in san francisco. cheryl: well, there's not a lot of love here in new york, ryan for taxi companies in new york city. i'm going to throw it out to anybody in the city. ryan lawler, got to run. good story. >> all right, thank you. cheryl: closing bell rings in 30 minutes. we're looking at very nice returns on the markets. and also in real estate. u.s. real estate is a favorite among foreign investors. what's driving that move? which countries are leading the charge, what it means for the american housing market? coming up. >>> and forget don't cry for me argentina, for now. what about brazil, after its humiliating world cup loss to germany. the nation's soccer funk could have a big impact on politics and markets as well. . cheryl: investors are betting on the american consumer today. want to take a look at the consumer discret

people that own their own medallions who started from nothing.es: a hand poll of people that sell, and sure, and issue. it is extraordinarily lucrative. in fact, they have outpaced the stock market. >> at the end of the day they're going to lose money. charles: angry at you for having the nerve to upset the applecart. let's move to our last. the day the stock market struggled. and this was interesting. after that great news, the only major indices to eke out a small gain. the others had small losses. jobless claims came in. that really did not seem to matter. a huge mess on new-home sales. you were concerned about this yesterday. the actual number was really a shocking disappointment. >> i thought it was going to be loyal, but not. charles: 500,000. >> first-time mom buyers are not there. investors of slowing down. everyone is in this weird little pause, but it goes to show that it is a good month forbade month. >> just one month and it will bounce back. they talk about sitting down opinion there is no reason to jump in and buy today. we also did

offender as medallion holder?n't want to comment on any specific individual so i want to be broad in my response. >> well, i think the public would be sure priprised to know. >> i'm aware that there may be an individual and this is something that has, again, everybody has due process. >> reporter: this taxi driver was convicted of a felly after he arranged to meet a minor for sex b sex. we asked him how he got through that. sfmta decided he wasn't a public risk and allowed him to be a holder in san francisco. is a criminal past or dangerous driving habits, it appears the system allows them to avoid accountability. >> it doesn't seem that there is a huge consequence. >> well, i'll certainly look into this and see if we have taken appropriate action and i feel going for ward we can focus on it. >> nbc bay area news. >> if you have a problem with a taxi or the driver, sfmta is still urging the public to find a complaint. keep in mind cabs do have cameras inside but the recording is only kept for 72 hours. make sure t