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Private Equity's Power Play in Your Home Services · Around the House with Eric G®: Home Improvement Remodeling & DIY

• 0:47
  Foreign.
• 0:53
  The
• 0:53
  House
• 0:54
  with
• 0:54
  Eric
• 0:54
  G.
• 0:55
  Your
• 0:55
  Go
• 0:55
  to
• 0:56
  Source
• 0:56
  for
• 0:56
  Everything
• 0:57
  Home
• 0:57
  Improvement
• 0:58
  Whether
• 0:58
  you're
• 0:58
  a
• 0:59
  DIY
• 0:59
  enthusiast
• 1:00
  or
• 1:00
  just
• 1:00
  looking
• 1:00
  to
• 1:01
  make
• 1:01
  your
• 1:01
  space
• 1:01
  shine,
• 1:02
  Eric
• 1:02
  G.
• 1:03
  Is
• 1:03
  here
• 1:03
  to
• 1:03
  guide
• 1:04
  you
• 1:04
  through
• 1:04
  the
• 1:04
  latest
• 1:04
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• 1:05
  tricks
• 1:05
  and
• 1:05
  trends.
• 1:06
  So
• 1:06
  grab
• 1:07
  your
• 1:07
  toolbox,
• 1:07
  put
• 1:08
  on
• 1:08
  your
• 1:08
  thinking
• 1:08
  cap
• 1:09
  and
• 1:09
  let's
• 1:10
  get
• 1:10
  to
• 1:10
  work
• 1:11
  right
• 1:11
  here
• 1:11
  on
• 1:11
  around
• 1:12
  the
• 1:12
  House
• 1:12
  with.
• 1:12
  Eric
• 1:13
  G.
• 1:14
  Welcome
• 1:14
  to
• 1:15
  the
• 1:15
  around
• 1:15
  the
• 1:15
  House
• 1:15
  show,
• 1:16
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• 1:16
  trusted
• 1:16
  source
• 1:16
  for
• 1:17
  everything
• 1:17
  about
• 1:17
  your
• 1:18
  home.
• 1:18
  Thanks
• 1:19
  for
• 1:19
  joining
• 1:19
  me
• 1:19
  today,
• 1:19
  I'm
• 1:20
  Eric
• 1:20
  G.
• 1:20
  Happy
• 1:21
  midweek
• 1:21
  special.
• 1:22
  This
• 1:22
  is
• 1:23
  that
• 1:23
  show
• 1:23
  we
• 1:23
  talk
• 1:23
  about
• 1:23
  the
• 1:24
  stuff
• 1:24
  that
• 1:24
  didn't
• 1:24
  make
• 1:24
  it
• 1:24
  into
• 1:25
  last
• 1:25
  weekend's
• 1:25
  show.
• 1:25
  Of
• 1:26
  course
• 1:26
  that
• 1:26
  didn't
• 1:26
  make
• 1:26
  it
• 1:27
  into
• 1:27
  next
• 1:27
  weekend
• 1:28
  show.
• 1:29
  And
• 1:29
  if
• 1:29
  you
• 1:29
  want
• 1:29
  to
• 1:29
  find
• 1:30
  out
• 1:30
  more
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  about
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  us,
• 1:31
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• 1:32
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• 1:34
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  that
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• 1:41
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• 1:42
  Just
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  YouTube
• 1:43
  and
• 1:43
  search
• 1:44
  around
• 1:44
  the
• 1:44
  House
• 1:44
  Eric
• 1:45
  gave.
• 1:46
  And
• 1:46
  then
• 1:46
  of
• 1:46
  course
• 1:47
  our
• 1:47
  different
• 1:47
  content
• 1:48
  where
• 1:48
  we're
• 1:48
  gonna
• 1:48
  have
• 1:49
  more
• 1:49
  tips,
• 1:49
  more
• 1:50
  tricks
• 1:50
  and
• 1:50
  maybe
• 1:51
  some
• 1:51
  of
• 1:51
  our
• 1:51
  super
• 1:51
  high
• 1:52
  profile
• 1:52
  interviews
• 1:53
  over
• 1:53
  there.
• 1:53
  That'll
• 1:54
  be
• 1:54
  around
• 1:54
  the
• 1:54
  House
• 1:55
  hq.
• 1:56
  Well,
• 1:57
  today
• 1:57
  I
• 1:57
  wanted
• 1:57
  to
• 1:57
  talk
• 1:57
  about
• 1:58
  something
• 1:58
  that's
• 1:58
  really
• 1:59
  changing
• 1:59
  out
• 2:00
  there
• 2:01
  and
• 2:01
  it's
• 2:01
  changing
• 2:01
  for
• 2:02
  homeowners,
• 2:02
  it's
• 2:02
  challenging
• 2:03
  for
• 2:03
  contractors,
• 2:05
  and
• 2:05
  we
• 2:05
  have
• 2:05
  got
• 2:06
  something
• 2:06
  that's
• 2:06
  been
• 2:06
  going
• 2:07
  on
• 2:07
  for
• 2:07
  a
• 2:07
  number
• 2:07
  of
• 2:07
  years.
• 2:08
  Very
• 2:08
  quietly
• 2:09
  in
• 2:09
  the
• 2:09
  background
• 2:10
  we
• 2:11
  are
• 2:11
  seeing
• 2:12
  private
• 2:13
  equity
• 2:13
  groups,
• 2:14
  those
• 2:15
  PE
• 2:15
  firms
• 2:16
  going
• 2:17
  after
• 2:18
  the
• 2:18
  trades.
• 2:19
  What
• 2:19
  I
• 2:19
  mean
• 2:19
  by
• 2:20
  that,
• 2:20
  they
• 2:21
  have
• 2:21
  been
• 2:21
  aggressively
• 2:22
  acquiring
• 2:23
  and
• 2:23
  consolidating
• 2:25
  H
• 2:25
  Vac
• 2:26
  plumbing
• 2:26
  and
• 2:27
  electrical
• 2:28
  into
• 2:28
  a
• 2:29
  home
• 2:29
  services
• 2:30
  category.
• 2:30
  And
• 2:31
  I'm
• 2:31
  using
• 2:31
  air
• 2:31
  quotes
• 2:32
  there
• 2:32
  for
• 2:32
  a
• 2:33
  number
• 2:33
  of
• 2:33
  years
• 2:33
  now.
• 2:34
  And
• 2:34
  so
• 2:35
  this
• 2:35
  is
• 2:35
  a
• 2:35
  classic
• 2:36
  roll
• 2:36
  up
• 2:36
  strategy.
• 2:37
  And
• 2:38
  when
• 2:38
  it
• 2:38
  comes
• 2:38
  to
• 2:38
  business
• 2:39
  is
• 2:39
  a
• 2:39
  very
• 2:39
  fragmented
• 2:40
  industry
• 2:41
  which
• 2:42
  is
• 2:42
  primarily
• 2:43
  run
• 2:43
  by
• 2:43
  small
• 2:43
  family
• 2:44
  owned
• 2:44
  companies.
• 2:45
  So
• 2:46
  what's
• 2:46
  going
• 2:46
  on
• 2:46
  now
• 2:46
  is
• 2:47
  these
• 2:47
  private
• 2:47
  equity
• 2:47
  firms,
• 2:48
  big
• 2:49
  companies,
• 2:50
  they'll
• 2:50
  add
• 2:51
  numerous
• 2:52
  smaller
• 2:52
  kind
• 2:52
  of
• 2:52
  bolt
• 2:53
  on
• 2:53
  acquisitions
• 2:54
  to
• 2:54
  build
• 2:54
  regional
• 2:55
  or
• 2:55
  national
• 2:55
  networks.
• 2:56
  That
• 2:57
  way
• 2:57
  they
• 2:57
  can
• 2:57
  get
• 2:57
  that
• 2:57
  economy
• 2:58
  scale.
• 2:59
  And
• 2:59
  so
• 2:59
  what
• 2:59
  happens
• 3:00
  is
• 3:00
  let's
• 3:00
  say
• 3:00
  if
• 3:00
  you're
• 3:01
  putting
• 3:01
  a
• 3:01
  new
• 3:01
  H
• 3:01
  Vac
• 3:02
  system,
• 3:03
  sometimes
• 3:03
  you
• 3:03
  need
• 3:04
  a
• 3:04
  plumber,
• 3:04
  sometimes
• 3:05
  you
• 3:05
  need
• 3:05
  an
• 3:06
  electrician.
• 3:06
  They're
• 3:07
  buying
• 3:07
  all
• 3:07
  three
• 3:08
  of
• 3:08
  those
• 3:08
  so
• 3:08
  they
• 3:08
  can
• 3:08
  be
• 3:09
  in
• 3:09
  the
• 3:09
  home
• 3:09
  services
• 3:10
  category.
• 3:10
  And
• 3:11
  what
• 3:11
  does
• 3:11
  that
• 3:11
  do?
• 3:12
  That
• 3:12
  keeps
• 3:13
  the
• 3:13
  cost
• 3:13
  down.
• 3:13
  And
• 3:14
  then
• 3:14
  while
• 3:14
  they're
• 3:14
  out
• 3:14
  there,
• 3:14
  oh,
• 3:15
  you
• 3:15
  want
• 3:15
  that
• 3:15
  new
• 3:15
  light
• 3:16
  put
• 3:16
  up,
• 3:16
  let's
• 3:16
  do
• 3:16
  that.
• 3:16
  Or
• 3:17
  oh,
• 3:17
  we
• 3:17
  can
• 3:17
  do
• 3:17
  more.
• 3:18
  Since
• 3:19
  2022,
• 3:20
  800H
• 3:22
  vac
• 3:22
  plumbing
• 3:23
  and
• 3:23
  electrical
• 3:24
  companies
• 3:24
  have
• 3:25
  been
• 3:25
  purchased
• 3:26
  by
• 3:26
  private
• 3:26
  equity
• 3:27
  investors.
• 3:28
  And
• 3:29
  that
• 3:29
  covers
• 3:29
  the
• 3:30
  larger
• 3:30
  ones.
• 3:31
  Most
• 3:31
  of
• 3:31
  the
• 3:32
  small
• 3:32
  ones
• 3:32
  go
• 3:32
  unreported
• 3:34
  and
• 3:34
  so
• 3:35
  we're
• 3:36
  really
• 3:36
  seeing
• 3:37
  H
• 3:38
  Vac
• 3:38
  focus
• 3:39
  stuff
• 3:39
  really
• 3:40
  going
• 3:40
  on
• 3:40
  right
• 3:41
  now.
• 3:41
  And
• 3:42
  so
• 3:42
  there's
• 3:42
  a
• 3:43
  lot
• 3:43
  of
• 3:43
  stuff
• 3:43
  like
• 3:44
  first
• 3:44
  call
• 3:45
  mechanical
• 3:45
  15+BUYS,
• 3:47
  under
• 3:47
  sky
• 3:47
  Night
• 3:47
  private
• 3:48
  equity,
• 3:49
  Seal
• 3:49
  heating
• 3:50
  and
• 3:50
  air
• 3:50
  conditioning,
• 3:51
  dozens
• 3:51
  of
• 3:52
  acquisitions,
• 3:53
  later
• 3:53
  a
• 3:54
  majority
• 3:54
  stake
• 3:54
  buy,
• 3:55
  Goldman
• 3:56
  Sachs
• 3:56
  alternatives
• 3:57
  and
• 3:58
  then
• 3:58
  other
• 3:59
  companies
• 3:59
  like
• 4:00
  Redwood
• 4:00
  Services,
• 4:00
  35
• 4:01
  plus
• 4:01
  acquisitions,
• 4:02
  the
• 4:02
  SEER
• 4:02
  Group,
• 4:03
  Apex
• 4:04
  Service
• 4:04
  Partners,
• 4:04
  Service
• 4:05
  Champions
• 4:05
  and
• 4:06
  more.
• 4:07
  So
• 4:07
  we're
• 4:07
  seeing
• 4:07
  these
• 4:08
  big
• 4:08
  companies
• 4:08
  like
• 4:08
  Morgan
• 4:09
  Stanley
• 4:09
  Capital
• 4:10
  Partners,
• 4:10
  Blackstone
• 4:12
  Champions
• 4:12
  Group
• 4:13
  Deal,
• 4:13
  Leonard
• 4:14
  Green
• 4:14
  and
• 4:14
  Partner
• 4:14
  and
• 4:14
  other
• 4:15
  multi
• 4:15
  trade
• 4:16
  platforms.
• 4:17
  So
• 4:18
  there's
• 4:18
  a
• 4:18
  lot
• 4:18
  of
• 4:18
  different
• 4:19
  people
• 4:19
  jumping
• 4:20
  in
• 4:20
  right
• 4:20
  now.
• 4:21
  And
• 4:21
  so
• 4:22
  it's,
• 4:23
  it's
• 4:23
  really,
• 4:24
  it's
• 4:24
  interesting
• 4:24
  because
• 4:24
  on
• 4:25
  the
• 4:25
  dollar
• 4:25
  side
• 4:25
  of
• 4:25
  things
• 4:26
  it's
• 4:26
  recession
• 4:27
  resistant.
• 4:28
  People
• 4:28
  always
• 4:29
  need
• 4:29
  their
• 4:29
  H
• 4:29
  Vac
• 4:30
  fixed
• 4:30
  and
• 4:31
  they
• 4:31
  get
• 4:31
  reoccurring
• 4:32
  revenue
• 4:33
  from
• 4:33
  maintenance.
• 4:34
  Now
• 4:34
  here
• 4:35
  is
• 4:35
  the
• 4:35
  interesting
• 4:36
  part
• 4:36
  of
• 4:36
  this.
• 4:37
  We're
• 4:37
  starting
• 4:38
  to
• 4:38
  see
• 4:38
  now
• 4:38
  that
• 4:39
  they're
• 4:39
  buying
• 4:39
  these
• 4:40
  up,
• 4:41
  these
• 4:41
  guys
• 4:42
  are
• 4:42
  all
• 4:42
  about
• 4:42
  the
• 4:43
  profits,
• 4:43
  right?
• 4:44
  They
• 4:44
  are
• 4:44
  trying
• 4:45
  to
• 4:45
  make
• 4:45
  these
• 4:46
  things
• 4:46
  as
• 4:46
  profitable
• 4:47
  as
• 4:47
  possible,
• 4:48
  possible.
• 4:48
  So
• 4:48
  what
• 4:49
  are
• 4:49
  we
• 4:49
  seeing?
• 4:50
  We're
• 4:50
  seeing
• 4:50
  those
• 4:50
  people
• 4:51
  in
• 4:51
  the
• 4:51
  field
• 4:51
  that
• 4:51
  are
• 4:52
  working
• 4:52
  for
• 4:52
  these
• 4:52
  now
• 4:52
  larger
• 4:53
  companies
• 4:53
  where
• 4:54
  year
• 4:55
  or
• 4:55
  two
• 4:55
  ago
• 4:55
  they
• 4:55
  were
• 4:55
  probably
• 4:56
  working
• 4:56
  for
• 4:56
  a
• 4:56
  small
• 4:57
  company,
• 4:58
  they
• 4:58
  now
• 4:58
  have
• 4:59
  aggressive
• 5:00
  revenue
• 5:00
  growth
• 5:01
  that
• 5:02
  they're
• 5:02
  trying
• 5:02
  to
• 5:02
  achieve.
• 5:03
  What's
• 5:04
  that
• 5:04
  mean?
• 5:05
  Well,
• 5:05
  when
• 5:05
  your
• 5:05
  H.
• 5:05
  VAC
• 5:06
  person
• 5:07
  or
• 5:07
  your
• 5:08
  plumber
• 5:08
  or
• 5:08
  your
• 5:08
  electrician
• 5:09
  comes
• 5:09
  out,
• 5:10
  they're
• 5:10
  in
• 5:10
  the
• 5:11
  upsell
• 5:11
  mood
• 5:11
  because
• 5:12
  they're
• 5:12
  told
• 5:12
  they
• 5:12
  have
• 5:13
  sales
• 5:13
  goals
• 5:13
  now
• 5:14
  to
• 5:14
  hit.
• 5:14
  Where
• 5:15
  before
• 5:16
  they
• 5:16
  were
• 5:16
  just
• 5:16
  out
• 5:16
  there
• 5:17
  fixing
• 5:17
  what
• 5:17
  was
• 5:17
  needed.
• 5:18
  Now
• 5:19
  that
• 5:20
  shift
• 5:20
  is
• 5:20
  going,
• 5:21
  you
• 5:21
  gotta
• 5:21
  hit
• 5:21
  the
• 5:22
  numbers
• 5:23
  and
• 5:23
  you've
• 5:23
  got
• 5:24
  performance
• 5:24
  scorecards,
• 5:25
  targets,
• 5:26
  incentives,
• 5:27
  things
• 5:27
  like
• 5:27
  that.
• 5:28
  So
• 5:29
  you're
• 5:29
  seeing
• 5:29
  much
• 5:29
  more
• 5:29
  on
• 5:30
  the
• 5:30
  commission
• 5:30
  driven
• 5:31
  models
• 5:31
  which
• 5:32
  means
• 5:32
  the
• 5:33
  more
• 5:33
  markup
• 5:33
  you
• 5:34
  get,
• 5:34
  the
• 5:35
  more
• 5:35
  money
• 5:35
  they
• 5:35
  make.
• 5:36
  So
• 5:37
  you're
• 5:37
  getting
• 5:37
  a
• 5:38
  higher
• 5:38
  turnover
• 5:38
  due
• 5:39
  to
• 5:39
  aggressive
• 5:39
  schedules,
• 5:40
  sales
• 5:40
  quotas,
• 5:41
  reduced
• 5:41
  autonomy.
• 5:42
  So
• 5:42
  you're
• 5:43
  seeing
• 5:43
  this
• 5:43
  kind
• 5:43
  of
• 5:44
  stuff.
• 5:45
  The
• 5:45
  problem
• 5:45
  is
• 5:45
  as
• 5:46
  the
• 5:46
  consumer
• 5:47
  you're
• 5:47
  gonna
• 5:48
  see
• 5:49
  this
• 5:49
  stuff
• 5:49
  turn
• 5:50
  out
• 5:50
  where
• 5:50
  you
• 5:50
  get
• 5:50
  higher
• 5:51
  pressure
• 5:51
  sales,
• 5:52
  you're
• 5:52
  gonna
• 5:53
  see
• 5:54
  that
• 5:54
  stuff
• 5:54
  getting
• 5:54
  pushed.
• 5:55
  And
• 5:55
  so
• 5:56
  that's
• 5:56
  not
• 5:56
  good
• 5:56
  for
• 5:56
  the
• 5:57
  consumer.
• 5:58
  I
• 5:58
  like
• 5:58
  it
• 5:58
  when
• 5:58
  the
• 5:59
  plumber
• 5:59
  comes
• 5:59
  out
• 5:59
  and
• 5:59
  goes
• 6:00
  here's
• 6:00
  what
• 6:00
  you
• 6:00
  really
• 6:00
  need
• 6:00
  to
• 6:01
  do,
• 6:01
  here
• 6:01
  is
• 6:01
  the
• 6:01
  place
• 6:02
  to
• 6:02
  be.
• 6:03
  So
• 6:04
  I
• 6:04
  have
• 6:04
  a
• 6:04
  problem
• 6:05
  with
• 6:05
  that
• 6:06
  and
• 6:06
  so
• 6:06
  be
• 6:06
  very
• 6:06
  careful.
• 6:08
  Now
• 6:08
  some
• 6:09
  of
• 6:09
  these
• 6:09
  private
• 6:09
  equity
• 6:10
  groups
• 6:10
  do
• 6:11
  professionalize
• 6:12
  operations.
• 6:13
  They
• 6:13
  will
• 6:14
  raise
• 6:14
  technician
• 6:15
  pay
• 6:15
  initially,
• 6:17
  improve
• 6:17
  efficiency
• 6:17
  and
• 6:18
  expand
• 6:18
  services.
• 6:19
  However
• 6:20
  though
• 6:21
  you
• 6:21
  are
• 6:21
  going
• 6:21
  to
• 6:21
  see
• 6:22
  much
• 6:22
  more
• 6:22
  pressure
• 6:23
  from
• 6:23
  these
• 6:23
  companies
• 6:24
  pushing
• 6:26
  on,
• 6:26
  they
• 6:27
  got
• 6:27
  to
• 6:27
  hit
• 6:27
  the
• 6:27
  sales.
• 6:28
  So
• 6:28
  when
• 6:28
  they
• 6:28
  come
• 6:28
  out
• 6:28
  there
• 6:28
  and
• 6:29
  they're
• 6:29
  out
• 6:29
  there
• 6:29
  to
• 6:29
  fix
• 6:30
  something,
• 6:31
  they
• 6:31
  could
• 6:31
  be
• 6:31
  selling
• 6:32
  you
• 6:32
  on
• 6:32
  the
• 6:32
  most
• 6:32
  expensive
• 6:32
  way
• 6:33
  to
• 6:33
  fix
• 6:33
  it.
• 6:34
  They
• 6:34
  could
• 6:34
  be
• 6:34
  selling
• 6:34
  you
• 6:35
  on
• 6:36
  added
• 6:36
  services
• 6:37
  as
• 6:37
  well.
• 6:37
  So
• 6:38
  be
• 6:38
  really
• 6:38
  careful
• 6:39
  out
• 6:39
  there.
• 6:40
  Understand
• 6:41
  who
• 6:41
  you're
• 6:41
  working
• 6:41
  with,
• 6:42
  understand
• 6:43
  what
• 6:43
  their
• 6:44
  goals
• 6:44
  are
• 6:45
  and
• 6:45
  if
• 6:45
  they're
• 6:45
  trying
• 6:46
  to
• 6:46
  push
• 6:46
  you
• 6:46
  up,
• 6:47
  that
• 6:47
  could
• 6:47
  be
• 6:47
  what's
• 6:48
  part
• 6:48
  of
• 6:48
  their
• 6:48
  new
• 6:48
  job
• 6:49
  description.
• 6:50
  So
• 6:50
  be
• 6:50
  really
• 6:50
  careful
• 6:51
  out
• 6:51
  there,
• 6:51
  guys.
• 6:52
  These
• 6:52
  three
• 6:53
  trades,
• 6:53
  which
• 6:54
  are
• 6:54
  high
• 6:54
  value
• 6:54
  trades
• 6:55
  and
• 6:56
  there's
• 6:56
  a
• 6:56
  ton
• 6:56
  of
• 6:56
  great
• 6:57
  companies
• 6:57
  out
• 6:57
  there,
• 6:57
  but
• 6:58
  you
• 6:58
  got
• 6:58
  to
• 6:58
  be
• 6:58
  a
• 6:58
  little
• 6:59
  careful
• 6:59
  with
• 6:59
  who
• 6:59
  you're
• 6:59
  dealing
• 7:00
  with
• 7:00
  now
• 7:00
  because
• 7:01
  some
• 7:01
  of
• 7:01
  these
• 7:01
  new
• 7:02
  private
• 7:02
  equity
• 7:02
  firms
• 7:03
  are
• 7:03
  pushing
• 7:03
  them
• 7:04
  to
• 7:04
  sell.
• 7:04
  And
• 7:05
  that's
• 7:05
  coming
• 7:05
  out
• 7:05
  of
• 7:05
  your
• 7:06
  wallet
• 7:07
  now
• 7:07
  in
• 7:07
  the
• 7:07
  recalls
• 7:08
  business
• 7:08
  here,
• 7:08
  looking
• 7:08
  around,
• 7:09
  we've
• 7:09
  got
• 7:09
  thermos
• 7:10
  recalling
• 7:10
  8.2
• 7:11
  million
• 7:11
  stainless
• 7:12
  king
• 7:12
  food
• 7:12
  jars
• 7:13
  and
• 7:13
  bottles
• 7:14
  due
• 7:14
  to
• 7:14
  serious
• 7:15
  impact
• 7:15
  injury
• 7:16
  or
• 7:16
  laceration
• 7:17
  hazards
• 7:18
  and
• 7:18
  or
• 7:19
  so
• 7:19
  perishable
• 7:20
  food
• 7:20
  or
• 7:20
  beverages
• 7:20
  are
• 7:20
  stored
• 7:21
  in
• 7:21
  the
• 7:21
  container
• 7:22
  for
• 7:22
  an
• 7:22
  extended
• 7:23
  period
• 7:23
  of
• 7:23
  time.
• 7:24
  That
• 7:24
  stopper
• 7:25
  can
• 7:25
  forcefully
• 7:26
  eject,
• 7:27
  AKA
• 7:27
  launch
• 7:28
  when
• 7:28
  opened,
• 7:29
  which
• 7:30
  can
• 7:30
  resort
• 7:31
  or
• 7:31
  result
• 7:31
  in
• 7:31
  a
• 7:32
  serious
• 7:32
  impact
• 7:32
  injury
• 7:34
  and
• 7:34
  or
• 7:35
  laceration
• 7:36
  hazards
• 7:36
  to
• 7:36
  the
• 7:37
  consumer.
• 7:38
  About
• 7:38
  5.8
• 7:39
  million
• 7:40
  of
• 7:41
  these
• 7:41
  and
• 7:41
  2.3
• 7:42
  million
• 7:42
  sportsman
• 7:43
  food
• 7:43
  and
• 7:43
  beverage
• 7:44
  bottles.
• 7:45
  So
• 7:45
  be
• 7:45
  careful
• 7:46
  there.
• 7:46
  That's
• 7:47
  a
• 7:47
  big
• 7:47
  one.
• 7:48
  The
• 7:48
  rest
• 7:48
  of
• 7:48
  the
• 7:49
  stuff
• 7:49
  here
• 7:50
  is
• 7:50
  all
• 7:50
  stuff
• 7:50
  we've
• 7:51
  talked
• 7:51
  about
• 7:51
  recently.
• 7:52
  Lots
• 7:53
  of
• 7:53
  different
• 7:53
  pressure
• 7:53
  washers,
• 7:55
  lots
• 7:55
  of
• 7:55
  different
• 7:55
  things
• 7:55
  out
• 7:56
  there.
• 7:56
  Those
• 7:56
  are
• 7:57
  the
• 7:57
  big
• 7:57
  ones,
• 7:58
  so
• 7:58
  be
• 7:59
  careful
• 7:59
  with
• 7:59
  those
• 7:59
  right
• 8:00
  there.
• 8:01
  Want
• 8:01
  to
• 8:01
  make
• 8:01
  sure
• 8:01
  that
• 8:02
  that.
• 8:02
  Be
• 8:02
  careful
• 8:02
  that
• 8:03
  you're
• 8:03
  using
• 8:03
  those
• 8:03
  things
• 8:04
  and
• 8:04
  to
• 8:04
  make
• 8:04
  sure
• 8:05
  that
• 8:05
  you're
• 8:05
  played
• 8:05
  safe
• 8:06
  with
• 8:06
  those
• 8:06
  thermos
• 8:06
  bottles.
• 8:07
  That's
• 8:08
  a
• 8:08
  big
• 8:08
  one.
• 8:08
  And
• 8:08
  I
• 8:09
  don't
• 8:09
  want
• 8:09
  to
• 8:09
  see
• 8:09
  people
• 8:09
  getting
• 8:09
  hurt
• 8:10
  out
• 8:10
  of
• 8:10
  the
• 8:10
  thermos.
• 8:11
  You're
• 8:11
  just
• 8:11
  trying
• 8:11
  to
• 8:11
  get
• 8:12
  something
• 8:12
  to
• 8:12
  drink
• 8:12
  and
• 8:12
  that
• 8:12
  thing
• 8:13
  launches.
• 8:13
  It's
• 8:14
  never
• 8:14
  good.
• 8:15
  It
• 8:15
  is
• 8:16
  never
• 8:16
  good.
• 8:17
  For
• 8:17
  the
• 8:18
  recalls
• 8:19
  for
• 8:19
  the
• 8:20
  3,000,
• 8:20
  3,020
• 8:21
  food
• 8:22
  jars,
• 8:23
  consumers
• 8:23
  will
• 8:23
  be
• 8:24
  asked
• 8:24
  to
• 8:24
  throw
• 8:24
  away
• 8:24
  the
• 8:24
  stopper
• 8:25
  and
• 8:25
  send
• 8:25
  a
• 8:25
  photo
• 8:25
  of
• 8:26
  the
• 8:26
  disposed
• 8:26
  stopper
• 8:27
  to
• 8:27
  thermos.
• 8:28
  They'll
• 8:28
  send
• 8:28
  you
• 8:28
  a
• 8:28
  new
• 8:29
  one.
• 8:29
  And
• 8:30
  for
• 8:30
  the
• 8:30
  three
• 8:31
  recalled
• 8:31
  3,010
• 8:32
  bottles,
• 8:33
  consumers
• 8:33
  will
• 8:33
  be
• 8:33
  asked
• 8:34
  to
• 8:34
  return
• 8:34
  the
• 8:34
  recalled
• 8:34
  bottle
• 8:35
  to
• 8:35
  thermos
• 8:36
  using
• 8:36
  a
• 8:37
  prepaid
• 8:37
  shipping
• 8:38
  label.
• 8:40
  So
• 8:40
  anytime
• 8:40
  that
• 8:41
  you're
• 8:41
  wanting
• 8:41
  these
• 8:41
  kind
• 8:41
  of
• 8:41
  things,
• 8:42
  take
• 8:42
  a
• 8:42
  look,
• 8:42
  more
• 8:42
  information,
• 8:43
  go
• 8:43
  over
• 8:43
  to
• 8:43
  CPSC.gov
• 8:45
  and
• 8:45
  you
• 8:45
  can
• 8:46
  find
• 8:46
  all
• 8:46
  the
• 8:47
  data
• 8:47
  right
• 8:48
  there.
• 8:49
  This
• 8:49
  is
• 8:49
  interesting
• 8:49
  stuff,
• 8:50
  guys,
• 8:50
  so
• 8:50
  be
• 8:51
  careful
• 8:51
  out
• 8:51
  there.
• 8:52
  Anyway,
• 8:52
  today
• 8:53
  we
• 8:53
  got
• 8:53
  a
• 8:53
  great
• 8:53
  show
• 8:53
  coming
• 8:54
  up
• 8:54
  this
• 8:54
  weekend.
• 8:54
  We'll
• 8:55
  talk
• 8:55
  a
• 8:55
  little
• 8:55
  bit
• 8:55
  more
• 8:55
  about
• 8:56
  it
• 8:56
  later.
• 8:56
  I
• 8:57
  gotta
• 8:57
  get
• 8:57
  back
• 8:57
  to
• 8:58
  my
• 8:58
  projects.
• 8:59
  I
• 8:59
  got
• 8:59
  a
• 8:59
  bunch
• 8:59
  of
• 9:00
  stuff
• 9:00
  going
• 9:00
  on
• 9:00
  right
• 9:00
  now.
• 9:00
  Which
• 9:01
  I'm
• 9:01
  excited
• 9:01
  for.
• 9:02
  And
• 9:02
  we
• 9:03
  got
• 9:03
  some
• 9:03
  great
• 9:03
  stuff
• 9:04
  coming
• 9:04
  up
• 9:04
  here
• 9:04
  in
• 9:04
  the
• 9:04
  future.
• 9:04
  Some
• 9:05
  good
• 9:05
  interviews,
• 9:06
  videos,
• 9:06
  a
• 9:07
  lot
• 9:07
  of
• 9:07
  videos
• 9:07
  getting
• 9:07
  ready
• 9:08
  to
• 9:08
  pop
• 9:08
  out.
• 9:08
  And
• 9:08
  thanks
• 9:09
  for
• 9:09
  everybody
• 9:09
  that's
• 9:09
  been
• 9:09
  watching
• 9:10
  the
• 9:10
  Blacktail
• 9:11
  Studio
• 9:12
  build
• 9:12
  over
• 9:12
  there
• 9:13
  or
• 9:13
  Blacktail
• 9:14
  Ranch
• 9:14
  actually
• 9:15
  through
• 9:15
  Cam
• 9:15
  Anderson
• 9:16
  and
• 9:16
  his
• 9:16
  channel.
• 9:17
  We've
• 9:17
  been
• 9:17
  having
• 9:17
  fun
• 9:17
  over
• 9:17
  there
• 9:18
  and
• 9:18
  boy,
• 9:18
  that
• 9:19
  thing's
• 9:19
  been
• 9:19
  taken
• 9:19
  off
• 9:20
  and
• 9:20
  that's
• 9:20
  been
• 9:20
  a
• 9:21
  lot
• 9:21
  of
• 9:21
  fun.
• 9:21
  All
• 9:21
  right,
• 9:22
  everybody,
• 9:22
  I'll
• 9:22
  let
• 9:22
  you
• 9:22
  get
• 9:23
  back
• 9:23
  at
• 9:23
  Back
• 9:24
  to
• 9:24
  It.
• 9:25
  I
• 9:25
  got
• 9:25
  to
• 9:25
  get
• 9:25
  back
• 9:25
  to
• 9:26
  work.
• 9:26
  I
• 9:26
  need
• 9:26
  another
• 9:26
  cup
• 9:26
  of
• 9:27
  coffee
• 9:27
  as
• 9:27
  well.
• 9:27
  Thanks
• 9:28
  for
• 9:28
  tuning
• 9:28
  in
• 9:28
  around
• 9:28
  the
• 9:29
  House.
• 9:29
  We'll
• 9:29
  see
• 9:29
  you
• 9:29
  on
• 9:30
  Saturday.
• 9:30
  Thanks
• 9:31
  for
• 9:31
  tuning
• 9:31
  in
• 9:31
  to
• 9:31
  the
• 9:32
  around
• 9:32
  the
• 9:32
  House
• 9:32
  show.
• 9:33
  Make
• 9:34
  sure
• 9:34
  you
• 9:34
  subscribe
• 9:35
  on
• 9:35
  your
• 9:35
  favorite
• 9:35
  way
• 9:35
  to
• 9:36
  catch
• 9:36
  podcasts.
• 9:37
  Also
• 9:38
  be
• 9:38
  sure
• 9:38
  to
• 9:38
  subscribe
• 9:39
  to
• 9:39
  our
• 9:39
  new
• 9:39
  YouTube
• 9:40
  channel
• 9:40
  and
• 9:41
  you
• 9:41
  can
• 9:41
  find
• 9:41
  it
• 9:41
  at
• 9:41
  around
• 9:42
  the
• 9:42
  House
• 9:42
  HQ
• 9:43
  and
• 9:43
  ring
• 9:44
  that
• 9:44
  bell
• 9:44
  for
• 9:44
  updates.
• 9:45
  Thanks
• 9:46
  for
• 9:46
  tuning
• 9:46
  in
• 9:46
  to
• 9:46
  around
• 9:47
  the
• 9:47
  House.