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
A close ally of president putin has secured licenses for mining gold in guinea russian element in produce roussel is digging up bauxite and in zimbabwe russia wants to dig for platinum until now russias trade with africa was muted last year exports to imports from the entire continent well value that only 20 1000000000. 00 in comparison chinas trade volume was 10 times bigger as the more than 200000000000. 00 and africas largest trading partner of course that during that time was the European Union with nearly 340000000000 dollars of total trade russian officials have said that in the medium term they want to triple trade with african countries might be helpful that russia is still seen as a partner with out heavy colonial baggage well at the russian african summit the russian government is hoping to seal some deals d. W. Caught up with one of the companies presenting its products to potential investors at the forum in sochi to find out more. These flushes fight infections and medical
Welcome to power lunch, im melissa lee. Were ins ground zero, Texas Instruments falling after its Earnings Report taking down the rest of this group much more on these moves a little later on in the show. Kelly . Mark zuckerberg testifying in front of Congress Today and taking heat on several big issues reporter this has been a tough hearing for Mark Zuckerberg, theres been a lot of anger and exasperation among lawmakers. On Election Security and political speech, red lining and diversity. Facebook changes the rules when 2 convinces itself have you learned that you should not lie. Facebook has been systemically found at the scene of the crime the richest man in the world to come here and hide behind the poorest people in the world and say thats who youre really trying to help youre trying to help those for whom the dollar is not a good currency drug dealers, terrorists, tax evaders. Now, even republicans who have cautioned against the broader back lash against big tech still had some v
Channels available to School People to change connection and were determined to do something here for the next generation globally as the environment series of global 3000 on t. W. And online. Brush ups wont leave africa to china is pushing for close of business ties with african countries and more geopolitical sway. Is hosting the 1st russian africa summit as he seeks crisis influence on the continent for the west and china already have a thumb photo. Also on the show closely profits are down by all the hop as investigators and didnt in the news of blame design flaws in the companys 7 street. Max modeled for the fatal lion there. This is business africa on the w. R. As well come its a premier aimed at making a big impact hosted by russian president Vladimir Putin African Leaders have gathered in the russian resort town of sochi today for the 1st ever russia africa something its russias attempt to jumpstart relations with the continent 3 decades after the fall of the soviet union which
Do and by the way she has a long period of time ahead you know we should have to form her own view to get it with a go in council about what to do but the stop here really. In a frank 1st who is listening to this full statement he leaves an empty arsenal there for his successor Christine Legarde a chemist spector change of direction from. Christine lagarde and all of her public statements so far has sort of mirrored drive these policies she said this sort of highly accommodative policy is warranted if you look at the european economy at the same time there are sort of these of these bigger questions of what d does Christine Legarde have at her disposal now you know mario draghi has really taken Monetary Policy to the edge of whats possible and theres a there are definite questions about that there are a lot of discussions about things like raising the limit of bonds that. The e. C. B. Could by cutting rates even lower but even in the press Conference Today mario draghi was sort of just