sba more. so in sioux falls where i was tuesday the sba was in the local accelerator and people understood it more and had better relationships so i think the local offices are quite powerful. the second is, if i could improve the sba, we've got to streamline the process of application. make it easier, make it faster, and make it just like any other silicon valley start-up. how to use digital to make it more efficient and that would probably save the sba money in the long-term, with efficiencies. and the last, as i said, the beginning of my testimony, most sba loans are 2 1/2% lower for women than men and i'd love to dig into that and see why because it's a critical source of capital for women. and the last is the sba's reputation. i really think that the country could get a better understanding of the sba and its value. sometimes? new york and san francisco, the sba loan is seen as your company isn't going to thrive, i don't think that's the case. as we can educate the masses more on power of

the sba more. so in sioux falls where i was on tuesday, the sba office was actually in the local accelerator, and people just understood it more, had better relationships, so i really think those local offices are quite powerful. the second is if i could improve the sba, we've got to streamline the process of application. make it easier, make it faster and make it just like any other silicon valley startup. how do you use digital to make it more efficient? that would probably savor the sba money in the long term with more efficiencies. most sba loans are 2.5% lower for women than men, and i would love to dig into that and see why, because it is a critical source of capital for women. and the last is the sba's reputation. i really think the country could get a better understanding of the sb arksba and its value. sometimes in new york and san fran, the sba is seen as your company is not going to thrive sometimes. as we can educate the masses on the power of the sba and how to use it, i think it will

the last is the sba reputation. i really think the country to get a better understanding of the sba and its values. sometimes in new york and san fran sba loan is seen as your company will not thrive sometimes and i don't think that is the case. as we can educate the masses more on the power of the sba and how to use it i think it will become even more powerful. >> thank you. i realize i'm out of time i am particularly passionate about trying to picture we are transparently reporting on what is happening and that we are hitting the contracting cap and exceeding it and that we continue to engage community in financial institutions. one of the most effective wbc affiliates is a cdf i in delaware and they make great loans and they are engaged in will note. thank you for the testimony i look forward to following up. >> senator kennedy. >> thank you, mr. chairman. i appreciate your testimony, all three of you. in terms of the gender bias and access to capital you mention conscious and unconscious. i'd like to ask you to

sba other programs. i worked to create the wbc funding by 20% since 2015, and i think they're a very important network across the country that helps address access to capital and mentoring and business planning. so i'd be interesting from hearing from all of you about what your view on wbc's are, whether they're relevant and important in terms of network. and then second, the networking that you spoke to, the need for mentorship, score i think does a great job in delaware, but i'm not suref that's a case nationally. in delaware that's a program called we think that provides yearlong mentoring for women entrepreneurs to tackle some of the challenges that may be specific in trying to balance family commitments and obligations and new markets and being a successful entrepreneur. i'd be interested in comments from all three of you if i could on those core questions. michelle? >> yes, so two key pieces. one of it things the women business centers do is use real women business owners because there's a really c

my citizens in my district right now are forced to deal with issues regarding sba loans. the federal government considers those loans to be a duplication of benefits. we're having trouble getting those families the dollars to recover because with our state run program they have to deduct the amount they received through the sba loans. right now, our recovery has been stalled because of this issue. we are working with our congressional delegation, but, again, it's a tough issue in our community. >> the most important state issue to me is coastal restoration. our coastline is eroding at very quick rate. we're losing a football field worth of land per hour. i would like for our state to focus on restoring and replenishing our coastline so future generations can see it. >> i think the most pressing issue that we'll face and one that we're already working on and have been since the conclusion of our sessions this past year, has been our fiscal budget situation here in louisiana. not uncommon to a lot of other states. i think ours is a little unique and a good bit of what we fa

my citizens in my district right now are forced to do with issues regarding sba loans. the government considers those loans to be a duplication of benefits. right now we have trouble getting those families that dollars for them to conduct -- to recover, because under the program now they have to deduct the monthly they receive under the sba loans. we are working with our congressional delegation, but it is a tough issue in our community. >> a most important state issue is forced restoration. forest restoration. we are losing a football field of land per hour, and i would like our state to focus on restoring our coastlines so future generations can the. the most pressing issue we will face and one we are working on and have been since the conclusion of our sessions this past year has been our fiscal budget situation in louisiana. not uncommon with a lot of other states. i think ours is a little unique. a good bit of what we face in of revenuee loss in the form of taxes that will expire in june of 2018. to be able to find the solutions for that, on the revenue side and th

my citizens in my district right now are forced to deal with issues regarding sba loans. the federal government considers those to be a duplication of benefits and right now we're having trouble getting families necessary dollars to recover because with our state run program to have to deduct the amount that they received through the sba loan. so right now our recovery has been stalled because of this issue. we are working with our congressional delegation, but again it's a tough issue documented. >> they report in state issued in restoration. our coastline is eroding at a a very quick rate. we are losing a football field worth of land per hour and i would like for the state to focus on restoring and replenishing our coastline. the future generations can see it. >> i think the most pressing issue that we're facing one we are working on it have been since the conclusion of our sessions of this pastor has been our fiscal budget situation here in louisiana. not uncommon to a lot of other states. i think ours is a little unique that a good bit of what we face in 2010 is the r

my citizens in my district right now are forced to deal with issues regarding sba loans. the government visitors those to be a duplication of benefits. right now we're having trouble getting families the necessary dollars to recover because with our state run program, they have to deduct the amount that they were received through those loans. received through those loans. so right now a recovery has been stalled because of this issue. we are working with our congressional delegation. but it is a tough issue in our community. >> the most important state issue to me is coastal restoration. our coastline is eroding at a very quick rate. we are losing a football field worth of land per hour. i would like for our state to focus on restoring and replenishing our coastline so future generations can see it. >> i think the most pressing issue we will face and one we are already working on and have been since the conclusion of our sessions this past year has been our fiscal budget situation here in louisiana. of othermon to a lot states. i think ours is a little unique. a good bit

my citizens in my district are regarding issues of sba loans. the federal government considers those loans to be a duplication of benefits. we're having trouble for those families necessary dollars to recover because with the state run program they have to deduct the amount they received through the sba loan. right now, our recovery has been stalled because of this issue. we are working with our congressional delegation but it's a tough issue in our community. >> the most important state issue to me is coastal restoration. our coastline is eroding at a very quick rate. we're losing a football field worth of land per hour. i would like for the state to focus on restoring and replenishing our coastline so future generations can see it. >> i think the most pressing issue we'll face and already working on and have been since the conclusions last year has been our fiscal budget here in louisiana, not uncommon to a lot of other states. ours is a little unique, a good bit of what we face in 2018, revenue and form of taxes that will expire in june of 20

my citizens and my districts right now are forced to deal with issues regarding sba loans. the federal government considered those to be a dupe kaftion benefits and right now we're having trouble getting those families the necessary dollars to recover because with our state-run program they have to deduct the amount that they were -- receive through the sba loan. so right now our recovery has been stalled because of this issue. we are working with our congressional delegation, but, again, it's a tough issue in our community. >> and the most important state issue to me is coastal restoration. our coastline is eraiding at a very quick rate. we're liegs football field worth of land per hour and i would like for the state to focus on restoring and reflen pollen nishing our coastline. so future jenn generations can see it. >> i think the most pressing issue that we'll face and one that we're already working on and have been since the conclusion of our sessions this past year has been our fiscal budget situation here in louisiana. not uncommon to a lot of other states, i think ou

chris: we have an sba loan we took out. lemonis: how much is that? chris: $390,000. lemonis: just for this location? chris: yes. jess: i regret not knowing more about it beforehand. i agreed to open a second location when the idea was brought to me, but what i didn't know is that the location had already been chosen. lemonis: so, you did it on your own? chris: tony was involved with some of it, as well. jess: mm-hmm. lemonis: okay. and so why didn't you have a say in it? jess: i don't really know. lemonis: the fact that they didn't include jess -- it's just disrespectful. let me spend a minute with jess, just so i can understand this store a little better, okay? jess: yeah. mm-hmm. lemonis: what's going on here? jess: i found out when we were signing paperwork, and this guy says "i love the location," and i just looked at them, and i said, "we have a location?" said it was kind of in place, and i was just either gonna be on board or not on board -- these are my business partners. lemonis: you're on the team. jess: let's do it. i'm on the team, so that's fine. let's d

our natasha brown was in washington today and talked to sba administrator linda mcmahon about the impact on small businesses. >> tax cuts means more money in their pock tote do more with their business and too a business they talked to they will reinvest the tax cuts in the business. >> every democrat voted no on the taxry form bill as handful of republicans opposed to erasing deductions for state and local taxes. >> straight ahead tonight once again another high profile man is being is accused of sexual misconduct. >> steams like every day we're hearing about allegations. daily headlines had, will they lead to a shift in culture. what one expert says needs to happen to bring about change, kate. >> cold air has returned we have cold air moving over the great lakes and snow showers to the northwest. a better chance to see a few flakes close to our area as even more cold spills into our region this weekend and i'll timeout rain to impact the weekend plans. >> and with cold air, too, the season for tasty ease me tonight's taste with torey. our vittoria woodill the is taking you to a place a

. >> at this business recovery center, a business owner can talk to sba and get help with fire damage or real estate, furniture, fixtures, inventory, all of those things that are business assets. also a business owner can get help with economic injury. we have already talked to a bunch of businesses who have not been burned by the fire that have been very much impacted by the fire. >> the recovery center is at this address. it opens at 9:00 and runs until 6:00. >>> if you are along vanness avenue in san francisco, things are going to look different. >> that's because the traffic lanes have been reconfigured on the south side of vanness. we have been there throughout the morning. we will now show you how this setup has proven to be very confusing for many drivers. >> reporter: good afternoon. this was a hectic warning can be for a lot of people. divers are going to want to pay close attention as they head south on van ness approaching sutter. the 2 southbound lanes of traffic split apart to take cars around the center median as part of this ongoing construction project. these newly shi

our natasha brown was in washington today and talked to sba administrator linda mcmahon about the impact on small businesses. >> tax cuts means more money in their pock tote do more with their business and too a business they talked to they will reinvest the tax cuts in the business. >> every democrat voted no on the taxry form bill as handful of republicans opposed to erasing deductions for state and local taxes. >> straight ahead tonight once again another high profile man is being is accused of sexual misconduct. >> steams like every day we're hearing about allegations. daily headlines had, will they lead to a shift in culture. what one expert says needs to happen to bring about change, kate. >> cold air has returned we have cold air moving over the great lakes and snow showers to the northwest. a better chance to see a few flakes close to our area as even more cold spills into our region this weekend and i'll timeout rain to impact the weekend plans. >> and with cold air, too, the season for tasty ease me tonight's taste with torey. our vittoria woodill the is taking you to a place a

my citizens and my district right now are forced to deal with issues regarding sba loans. the fedical government considers those loan ooze be a dupelication of benefits and right now we're having trouble getting those families the necessary doctors to recover because with our state-run program they have to detulkt the amount that they were received through the sba loans. so right now our recovery has been stalled because of this issue. we are working with our congressional delegation but again it's a tough issue in our community. >> we're losing a football length worth of land per hour and i would like to focus on restoring our coastline so future gen rashzs can see it. >> one we're already working on and have been since the conclusion of our sessions this past year has been our fiscal budget in louisiana. i think ours is a blital unique that some of what we face is roll off of temporary revenue in form of taxes that will expire in june rf 2018. so it ability to find that and hopefully coming up with solutions before we arrive in 2018.

representatives will explain how an sba disaster loan can help replace damaged machine, equipment, inventory and other business assets. it is a free service . you don't need an appointment. >>>three bay area bands have agreed to perform concerts do raise money for victims of the north bay fires. ♪ mr. jones and me ♪ reporter: the counting crows will perform november 18th, michael franti will perform and san francisco's train set to perform december first at the napa valley opera house. tickets go on sale 9:00 a.m. today. >> and you're a fan of all of them. >> all of those, yes, that's a nice lineup and they're locals. that's a [inaudible] important to bring the concerts there to napa valley. >> sure, sure. it sounds like a great time for a good cause. >> good morning everyone, this is a look at northbound 101. if you're driving gilroy into san jose, it has been a nice drive. today, we don't have any surprises. last week, we had one but for the most part, it's been a nice commute driving into the silicon valley. there have been no issues driving through. we take a live look at the bay bri

we'll have glenn "hurricane" schwartz talking about the temperature trend sba the weekend. i'm live here at the orchard. next half hour or so, i'm grabbing a saw and we're going to get down to business and chop one of these myself. >> a push to free meek mill. his lawyer filed an emergency motion to get him bailed. but a state court quickly denied that motion and sent it back to the lower courts to make a decision. mill is behind bars at chester state correctional institution and serving two to four years for violating probation on a 10-year-old gun and drug case. lauren mayk was the only reporter to talk with the billionaire behind the billboards you're e seeing around town in support of meal mill. she joins us with more. >> reporter: michael reuben is a successful entrepreneur. his company runs a sports merchandise site, but for the past three week, he's been spending a lot of time on this case. and he says he and othersen won't stop until meek mill is out. along the school in philadelphia, the billboard urges drivers to stand with meek mill. one of the men behind it is m

as head of the sba in 1993 to be the deputy chief of staff. in that role to serve as a member of the president's cabinet national security council. . . . . president clinton white houe chief of staff from 93 to 94. in that role he helped the deficit package, the north american free trade agreement, the family medical leave law and the landmark welfare reform legislation that enabled more than 6.8 million people to move from welfare to work. he advised a host of international and domestic issues and is the chairman of the company is a fourth-generation transportati transportation. judy will be the moderator for this discussion. she's a faculty advisor for the center and is also a professor and was the former dean of the school of public policy and is a renowned health policy expert doing research for brookings and the urban institute and served as the principled beauty assistant secretary for planning and evaluation at healt of heald human services in the first term. usually we tell you to turn your phone off but today is a little different. we

sot - charlyn belluzzo / owner operator of belos cavalosthe federal agency, sba, or small business adminstration, teamed up with the sonoma county economic development board to open this business recovery center for small businesses. they are estimating close to 2,500 busineses have been affected and might need assistance to get back on their feet. most of these are small businesses run out of people's homes if their home burned down, they lost their business as well. sot - ben stone - sonoma county economic development boardbesides low interest loans, they are offering free counciling for financial, accounting, marketting, and other post disaster challenges. help in reconstructing damaged or destroyed business records.. assistance in accessing government contracts related to the disaster. sot gabe slate stand up - (pam) and kron four is teaming up once again with the salvation army to raise money, this time, for the north bay fire victims. the donation lines will be open during the kron four morning news tomorrow from 6 a-m until 10 a-m. they will open up again in the evening... from 5 p-m unti

sot - charlyn belluzzo / owner operator of belos cavalosthe federal agency, sba, or small business adminstration, teamed up with the sonoma county economic development board to open this business recovery center for small businesses. they are estimating close to 2,500 busineses have been affected and might need assistance to get back on their feet. most of these are small businesses run out of people's homes if their home burned down, they lost their business as well. sot - ben stone - sonoma county economic development boardbesides low interest loans, they are offering free counciling for financial, accounting marketting, and other post disaster challenges. help in reconstructing damaged or destroyed business records.. assistance in accessing government contracts related to the disaster. sot gabe slate stand up - (steve) and kron four is teaming and kron (steve) stand up - sot gabe slate disaster. related to the disaster. sot gabe slate stand up - (steve) and kron four is teaming up once again with the salvation army to raise money, this time, for the north bay fire victims. the donation lines

sot - charlyn belluzzo / owner operator of belos cavalosthe federal agency, sba, or small business adminstration, teamed up with the sonoma county economic development board to open this business recovery center for small businesses. they are estimating close to 2,500 busineses have been affected and might need assistance to get back on their feet. most of these are small businesses run out of people's homes if their home burned down, they lost their business as well. sot - ben stone - sonoma county economic development boardbesides low interest loans, they are offering free counciling for financial, accounting, marketting, and other post disaster challenges. help in reconstructing damaged or destroyed business records.. assistance in accessing government contracts related to the disaster. sot gabe slate stand up - (vicki) a series of concerts slated to help victims of the north bay wildfires ... was so popular... the website for tickets crashed. three concerts are being put on by bottlerock..... one of the concerts features bay area favorite counting crows and tickets went on sale this morning

tonight, i have sba ( laughter ) and then, some really bad news. he cancelled his appearance here tonight because the "new york times" broke this story today: five women are accusing louis c.k. of sexual misconduct. when reached for comment, jesus said, "la-la-la-la-la. i don't want to hear about it, i was a big fan!" now, these are disturbing allegations. this is just the latest in an avalanche of allegations-- harvey weinstein, bill o'reilly, roger ailes, kevin spacey. and a lot of men look at this misbehavior, and they feel "there's nothing i can do!" well, last night, one man stepped up to not do it. country music star and soul patch safe place, keith urban. ( laughter ) last night at the country music awards, urban debuted his new harvey weinstein-inspired female country empowerment anthem. that is a word salad i never thought i'd say. ( laughter ) now, before i play you the song, i want to be clear, i am a fan of mr. urbans and i think his heart is in the right place his lyrics, less so. jim? >> sister shoulder daughter lover healer broken ha

dollars to recover because with our program they have to deduct the amount they received through the sba loans. right now her recovery has been stalled because of the issue. we are working with our congressional delegation, but again the issue in our community. >> the most important state issue to me coaster restoration. our coastline is eroding. we are losing a football field and i would like for a state to focus on restoring and replenishing our coastline. so future generations can see it. >> i think the most pressing issue that we face in one that we are already working on and how does that's the conclusion this last year has been our fiscal budget situation here in louisiana. not uncommon to a lot of other states. i think ours is a little unique that what we face in 20 games is to roll off of some temporary revenue on the fact that it will expire in june of 2018. so the ability to find the solutions for that both on the revenue side and the expense either what we will be working on. we have to be coming up with solutions in 2018. >> former veterans department undersecretary from the

the sba will replace up to 40,000 in personal belongings. homeowners can borrow up to $200,000 to repair or replace. payments can be spread out over 30 years. check with fema. they have up to $34,000 in grants for personal property. >>> good to know. stanley asked, i recently purchased a used car and it has been in for repairs twice. >> if the car is still covered by the manufacturer's warranty, it may be a lemon. >> four repair amounts, two are for safety, or more than 30 days if a repair shop, and then you have a lemon. that means a manufacturer pretty much has to guy car back. will if the car is out of warranty, there probably isn't very much you can do. you can file a complaint with the dmv or file a lawsuit. here's what to do. i'll put a link to the dmv's office and see if there's anything you can do. >> if you have a question for me, you can record a 10 to 15-second long video. use the #ask finney. >> thank you. >>> we'll show you our rainfall is tapering off. we have a few widely scattered or isolated showers. even those are winding d

if you don't, the small business administration, that's right, sba, has a program where they will loan you up to $40,000 to replace your personal belongings. homeowners can borrow up to $200,000 to repair or replace damaged real estate. now the interest rate on all of these loans can be extremely low. we're talking less than 2%. and payments can be spread out over 30 years. now good luck and take care. >> that's good information. if you have a question record it on your phone and share it using the #askfinney or go to our website, abc7news.com/askfinney and you might see your question answered here. >> kohl's is getting in on black friday deals three days before the deals will hit stores. the company is offering a new incentive for the kohl's cash program. you'll get $15 for every $50 spent all in an effort to try to compete with target and walmart. nonsmoke wrers complaining they were working more than staff who took time off for their cigarette breaks. >> the company decided to give them an extra six days holidays. nonsmoking employees love it. according to the telegraph the new poli

the different organizations that can assist and support, getting, you know, the fema grants and the sba loans and all those things -- it's not rocket science, but it's not easy to do that. and if you have individuals who are used to getting online and getting access to information and processing that, they have a head start. you know, there are lots of households right now that are actually hiring contractors, that have already gutted their houses and that have already signed individuals on to fix up and remodel and bring their houses back to life. and it's not any mystery as to which communitieies that w will somehow be the last to do that. and these are the sameme communits s that didn'n't have access to loans, in tes s of neighborhood loans, because of reredlining. and what we have to guard against is this rebuilding redlining that somehow allows more affluent communities to access the system, get their commununities back in order, and those who are left behind, somehow, those areas will be the last to come back. so it has to be an equitable recovery, equitable development, and to ma

representatives will explain how an sba disaster loan can henry place equipment, inventory and other business assets. it's a free service. you don't need an appointment. >>> all right. there are all sorts of assistance for fire victims including those in the marijuana business. a farming supply company is hosting an event for marijuana growers hit hard by the fires. numerous harvests were affected. it sells everything at cost from lighting to soils and hydroponics. it starts from 25 minutes from now at the santa rose grow gen facility off of 101 in santa rosa. it runs through sunday. >>> for more on the other headlines we have been working on, let's go to dave clark. >> just a short while ago the man accused of shooting and killing three people at a wal- mart in colorado was arrested. 47-year-old suspect steve ostrum was captured just a couple of miles away from the wal-mart store. he casually walked into the wal- mart last night and started shooting. apparently at random. two men who were shot died at the scene. a woman who was shot died later at a hospital. there is no word yet of

my citizens are forced to deal with issues regarding sba loans. the federal government considers those to be a duplication of benefits, and we are having trouble getting those families the necessary dollars to recover because without state run programs, that affects the amount they will receive through the sba loans. right now, our recovery has been stalled because of this issue. we are working with our congressional delegation, but it is an issue in our community. >> the most important state issue to me is coastal restoration. our coastline is eroding and a very fast rate. we are losing a football field wouldd per hour and i like our stay to focus on restoring and replenishing our coastline, so future generations can see it. >> i think the most pressing issue we are facing and one we are working on and have been since the conclusion of our sessions this past year, has been our fiscal budget situation in the louisiana. uncommon to a lot of other states, i think ours is unique in that a good bit of what we face in 2018 is a rolloff of some temporar

recover because in a state run program they have to detest the amount that they were received through the sba loans. right now i recovery has been solved because of the issues. we are working with their congressional delegations, they began it's a tough issue in our community. >> the most important state issue is restoration. our coastline is eroding and we are losing a football field with land for our and i would like for the state to focus on restoring and replenishing our coastline. so future generations can see it. >> i think the most pressing issue that we face and one that we are already working on and have been since the conclusion has been our situation here in louisiana. not uncommon to a lot of states. i think ours is a little unique that what we face in 2018 is some temporary revenue and form of taxes that would inspire in june of 2018. so the ability to be able to find the solutions for that boat on the revenue side and the expense side that we would be working on with the solutions before we arrive in 2018. >> voices from the state on c-span. >> the u.s. senate about to gavel end

and from the sba, we need business loans for businesses that have been destroyed. on october 27 through the environmental public works committee which i am also on, we send a letter to fema and the epa in the army corps of engineers asking for information about a timeline and the work that has been completed or is yet to be done as it relates to debris. i would like to get an answer to that, and if we could get that within the next week, i would appreciate that. there are about seven specific questions. as you are aware and has been mentioned, there are millions of cubic feet of debris in puerto rico. it is my understanding that we are looking at debris that is large. it ranges from rooftops to garage doors to refrigerators and couches, debris that people who live there cannot pick up and move. there has also been a compromise to the landfills in puerto rico that existed before the hurricanes hit and remain a problem. it is my understanding that fema plans to remove the debris, but i am not clear on what the timeline is for actually getting that completed. can you

and the optimism in the country hasn't been higher for small businesses, they're ready to start up, sba is hoping to provide them with access to capital and counseling and mentoring they need to grow and have successful businesses. >> you at this point, administrator mcmahon, do you have any trepidation that it will be deja vu all over again with health care with this was ron johnson the beginning of a slow sickening decline in the momentum for, do you think >> i certainly don't get that sense. i think what senator johnson is looking for is to have a little bit more clarity and maybe to have a bit more input. i certainly don't fault anyone for doing that but here's -- you know, when i was a ceo and i wanted to get a deal done, both sides came to the table. we sat down, we talked through our issues, we knew that we weren't going to get everything either side wanted and the best deals, the ones that held, were the ones when both sides walked away from the table getting part of what they wanted but not all and i think we'll have a good tax reform plan. >> the great thing is you are talking

for example, we have a longstanding government entity called the small business administration, the sba. here's the idea: in the united d states-- it's been going on for decades-- small business complained that there wasn't a level playing field. when they competed with big businesses, they had disadvantages. and they wanted to have a better shot at succeeding as a smamall business,s, so they wanted the government to set aside money and support to help small businesses--not available to big ones--to help them compete more success... and we have that. the small business administration gives grants, makes loans at a subsidized rate to help small-- the idea being, america's better off if it has more small businenesses than would otherwie be the case. we do the same thing with minority-owned businesses for the obvious reason. here's a thought: a worker's self-directed business administration. why? because the american government would like to see these kinds of enterprises develop and grow. and why that? here's a democratic thought for you: if the government supported that, helped to develo

how many of those businesses have closed can reopen or can nuke this is a reopen with the support of sba, for example, here our work, , te work we have ahead of us is to exactly that those estimates and try and rebuild an economy that can be valid. that is the charge. >> the same goal, the question of the bondholders. how do you foresee bondholders getting repaid? >> i don't have a vision out of how much whether or what time period that will be defined by a longer sustainability analysis we need to complete looking at 30 years, beyond the five years of just the physical plant. >> you're telling me what did you say, 30 years? >> we have to do a 30 years sustainability analysis before the end of december with the government. >> and the way things stand today, it might take over the years for the bondholders to expect to be paid, repaid, because there's not going to be a tax base left in puerto rico. >> as you know prior to the hurricane, it appeared possible and that's why we are an title iii to repay the creditors. today the situation squarely worth. >> thank you. mr. zamot, you have expr

we're going to have the debate right after the break, and then, later, former cea chair austan gool sba y challenging the tie-up with time warner we will talk m&a at 8:40 a.m. he lon me weava t more coming up on "squawk box" in just a moment. another day of work. why do you do it? it's not just a pay check, you actually like what you do. even love it. and today, you can do things you never could before. ♪ ♪ you're developing ai applications on the cloud. finding insights hidden in decades of medical documents. and securing millions of iot sensors. so get back to it. and do the best work of your life. ♪ ♪ >>> good morning, everybody. welcome back to "squawk box" here on cnbc we are live from the nasdaq market site in times square. among the stories that are front and center today, several food companies out with the quarterly numbers this morning >>> campbell's soup earning 92 cents a share for the latest quarter. that was 5 cents below what the street was expecting the bottom line was impacted by lower demand for soup and higher cost for carrots didn't realize carrots was such a

estimate how many of those businesses have closed, reopen or can new businesses reopen with the support of sba, for example. so our work -- the work that we have ahead of news our fiscal plan is exactly look at those estimates and try and rebuild an economy that can be balanced. that is the charge of promesa. >> the same goal with the question to the bondholders, how do you foresee bondholders getting repaid? >> i don't have a vision right now of how much, whether, or at what period of time that will be defined by a longer debt sustainability thals that we need to complete, looking at 30 years, beyond the five years of just the fiscal plan itself. >> so you're telling me, what did you say? 30 years? >> we have to do a 30-year sustainability analysis before the end of december with the government. >> and the way things stands today, it might take over 50 years for the bondholders to expect to be paid, repaid because there is not going to be a tax base left in puerto rico. >> as you know prior to the hurricane, it appeared impossible. and that's why we were in title 3, to repay the creditors. to

my citizens in my district are forced to deal with issues regarding sba loans. the federal government considers the loans to be a duplication of benefits and right now we are having trouble getting those families the necessary dollars to recover because, with our state-run program, they have to deduct the amount that they were -- received through the sba loan. so right now our recovery has been stalled because of this issue. we are working with our congressional delegation, but again, it's a tough issue in our community. >> the most important state issue to me is coastal restoration. our coastline is eroding at a very quick rate. we are losing a football field wort of land per hour, and i would like for our state to focus on restoring and replenishing our coastline. so future generations can see it. >> i think the most pressing issue that we'll face and one that we are already working on and have been since the conclusion of our sessions this past year has been our fiscal budget situation here in louisiana. not uncommon to a lot of other states. i think ours is