Now becky quick. We begin with lobster the delicacy is in high demand worldwide, especially in china but like most food exports, the u. S. china tariff war is squeezing the lobster business like a lemon our Contessa Brewer found maines lobster dealers are feeling the pinch. Its this weeks cover story reporter stephanies space is small but the Lobster Company does big business in lobster. I primarily export lobster. Reporter and when the Maine Lobster industry worked to open up china markets, stephanie was right there. Investing, expanding, ramping up to meet the newly voracious appetite for u. S. Lobster. We were doing about half of our business with china. And this place wouldve been rocking and rolling. We had basically 24hour operations reporter but since last summer, stephanies sales have plummeted by half. Shes cut hours and workers. The impact of a trade war and china slapping tariffs on american lobster july 6th, 2018, it all came to a screeching halt and we didnt really sell an
Seven words, im Jonathan Ferro. U. S. Retail sales before we get there, an ecb retail story. It deadline for taking on the detroit three. Tom ill start with the cut up clock for inflation, people digging into inflation, could be shows many significant disinflation and that is what Christine Lagarde is to confront. If there is rates, are they doing the wrong time . Jonathan we are split down the middle. Tom citigroup, bnp paribas, there is a long list and i think that list is growing after we heard the last couple of days. Lisa the market has been pressing since the midyear that the ecb is would you raise rates for the current 3. 75 . The question is how are they going to do it . Are they going to into get a hold and then indicate theyre going to raise rates further . Is there any variation from that particular iteration of decisions . Tom American Airlines and what we are seeing there, i think Helane Becker joins us today, but there is disinflation in the air and yet in europe we are t
400 companies in your career of managing businesses im sure this is going to be a much valuable insight that you can provide to all of the businesses partners were here. Im just in a start you started all this when you were a kid. You are 16 years old. St he launched that magazine. And then you went on to launch Virgin Records. Not an easy business. You are 16 years old. Where does this all come from. Hi everybody and think you i think i just saw lots of mobile phones. You have Sarah Blakely here. She did really well. And she survived. I dont think you are allowed to say things like that anymore. We are very pleased. I forgot you have a question for me. I was interested as a young and 14 of 15yearold as what was going on around the world. And i was inquisitive in the vietnamese war was raging it seemed to me as it seemed to a lot of young people a lot of adjustable. I like other people wanted a campaign to try to stop it. There was no Young Persons magazine at the time. And it was quit
We are thrilled to have you here today. You need no introduction, but im going to give you one anyway. Youve started over 400 companies in your career of managing businesses over five decades. Im sure that theres going to be a bunch of valuable insight that you can provide to all the Business Owners that are here, so screw it, lets get on and do it. And im really excited, personally. This is great for me. So im just going to start. You started all this when you were a kid. You were 16 years old. You launched a magazine, student and you then went on to launch Virgin Records. Im pretty passionate about music myself and i know a little bit about the music business, not an easy business, you had no experience in production. So, talk a little bit about this entrepreneurial spirit. Youre 16 years old. Whered this all come from . Well, first of all, hi, everybody, and thanks for a lovely welcome. I think i just saw lots of mobile phones. You had sara blakely here earlier today, did you . Did
They want. Sure. Im head of federal public policy. You you have not heard of it before, website that thats people to businesses in places. Currently currently about a hundred and 42 million unique monthly visitors and 32 countries start 11 years ago. And as a part of that process connecting people it has also become a site for aggregating and assigning ratings. So for example we are here in washington dc right now. I think that the rayburn cafeteria has about a two star rating on yelp. Yeah. So whether it is restaurants or dry cleaners or plumbers or businesses in general or places in general they have a yelp page generally speaking and ratings that are there. And and it does not just apply for yelp. You have sites like trip advisor for travel and hotels and things around the world. You have a sock stock a site that has come up for doctors and finding out the best doctors the mighty around you. Google does it as well. Even facebook as well. If you go on to a business page you will see