We were out of business before, we just didnt know it. I make tough decisions. Gregs not in charge anymore. Im in charge. And i back them up with my own cash. Its not always pretty. Every days not gonna be like this . No, gonna get much worse. But this is business. Cut your losses and go home. I do it to save jobs. Things are going to change. And i do it to make money. This the profit. [theme music] nine years ago, amazing grapes opened its doors in the heart of orange county, a wealthy community about an hour south of los angeles. It was the vision of Greg Schroeder. This is good stuff. A wealthy real estate consultant who loved collecting wines and decided to turn his hobby into a business. We had to drive 35 miles to find the nearest fine wine store, and i thought, just open a store closer to home. Today, amazing grapes sells some of the finest wines in the world, and while the business generates about 3. 5 million in revenue, last year, they lost money. We have never seen a profit
Come from many of those sources. A Service Engineer has come up with an interesting concept. Andrea petrecki has a vision he wants to build a gravity assisted battery to compensate for the fluctuating nature of solar and wind energy if it works itll be able to store millions of times more energy than a conventional household that are e. Vision is a system for storing large amounts of energy so we can increase the sheriff of nubile energy is in the grid. Or right now its about 30 to 35 percent thats the limit because the sun doesnt shine constantly what we need is a more economical and efficient storage system that and this is what his batteries will look like towers 60 to 120 meters high made of hundreds of cement blocks built around the 6 armed crane when theres excess energy in the grid it will Power Electric motors which move the crane arms to lift and stack the 35 ton blocks. Now the battery is charged. When electricity is needed the blocks are let down again generators in the cran
Before, we just didnt know it. I make tough decisions. Gregs not in charge anymore. Im in charge. And i back them up with my own cash. Its not always pretty. Every days not gonna be like this . No, gonna get much worse. But this is business. Cut your losses and go home. I do it to save jobs. Things are going to change. And i do it to make money. This the profit. [theme music] nine years ago, amazing grapes opened its doors in the heart of orange county, a wealthy community about an hour south of los angeles. It was the vision of Greg Schroeder. This is good stuff. A wealthy real estate consultant who loved collecting wines and decided to turn his hobby into a business. We had to drive 35 miles to find the nearest fine wine store, and i thought, just open a store closer to home. Today, amazing grapes sells some of the finest wines in the world, and while the business generates about 3. 5 million in revenue, last year, they lost money. We have never seen a profit from this store in the n
Discussions examining threatening prosperity and exploring solutions. It is 100 clear to us that the cost of inaction is higher than the cost of action. When the rules are clear, we are going to follow those rules. Time is running out to address climate change, so i think it is right to hold our feet to the fire. Abigail this is all straight ahead on bloomberg best. Abigail hello, im abigail doolittle. Welcome to a special edition of bloomberg best with highlights from the Bloomberg Business global forum. This annual event brings together the worlds most influential leaders in business and government to address the most pressing global challenges and explore opportunities for solutions. The theme of this years conference was restoring global stability. The Prime Minister of india, narendra modi, delivered the keynote address and joined Michael Bloomberg on stage for a conversation. We believe the earth is our mother, and we do not have the right to exploit our earth. We are only have t
It is a tradition, right im trying to advertise this shirt i bought years ago one day a year i get to use it i go year off, year on i have a tie i sometimes do. Tartan, what is the pronunciation we good with hes got the tartan each one means something a family or a clan well make up a story give him a couple of scotches you are an irishman, not a scott, right a quick shout out to dean and the whole crew that put that together, which is awesome every year, it is so fun. Every year. Shall we lets get it going. Why dont we start with the markets. The markets are at alltime highs. The dow closer higher yesterday. All three major averages closing with record closings more on boeing in the show the trading day is shortened so everybody can go out and panic shop and panic wrap. Market closing at 1 00 eastern and the bond market at 2 00 p. M. Eastern. The bond market ever a fraction higher any gain, whatever it is is going to be a new record look at the banner, the nasdaq winning streak now th