Lemonis my name is marcus lemonis. And i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change everything. But i do it to save jobs. And i do it to make money. This. Lets go to work. Is the profit. In 2000, after years of working multiple jobs, Adelo Ramirez used his life savings to open up los gemelos, a small mexican eatery in port chester, new york. Woman plantains and tortillas. Lemonis authentic family recipes drew crowds. But most popular of all were his freshly made tortillas, so popular that in 2006, he started manufacturing them for sale to local Grocery Stores. Adelo were making lots of money. As you can see, we have 22 of the tortilla market here. Lemonis and before long, revenue was approaching the 500,000 mark. Man very good taste right here. Lemonis but then a much bigger tortilla brand expanded
Dr. Anthony fauci testifying on we will continue to check in capitol hill that a coronavirus with you about isais. Vaccine could be months away. Maria larosa, thank you. This hurricane is the last we feel cautiously optimistic that we will have a vaccine by thing that florida residents the end of this year, and as we need right now as that state deals with a massive coronavirus go into 2021. But amid the good news, trouble as well. That 600 federal unemployment outbreak as well. Psa benefit expiring at midnight sam brock is in miami beach this with congress and the president far from a deal. Morning. Reporter good morning. The wind out here picking up a little bit, calmness on miami breaking news. Beach ahead of isais. Tiktok ban. But these conditions could look President Trump announcing very different in just a few overnight he plans to stop the hours. State officials telling people social media app from operating to have up to seven days worth in the u. S. As early as today. Of food
Small and mediumsized businesses that were in sound Financial Condition before the virus impact of the economy we will hear from the head of the fed in boston and banking and business leaders. Will come tog order. This is a hybrid hearing meaning some of our commissioners are appearing in person and witnesses will testify remotely. Let me offer a few Video Conferencing reminders. Before you start speaking there will be a slight delay before you are displayed on the screen. Click the mute button until your turn to speak or to ask a question. If there is a technology issue, well move to the next speaker until it is resolved. You should all have one box on your screens labeled clock to show you how much time is remaining. Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As a part of our oversight work, the commission has decided to hold
It is almost jarring. Back monday. Alongside lisa abramowicz, im jonathan ferro. Tom actually dropped me a message this morning at about 4 00 a. M. , looking at the price action and this rotation we have seen. I think its got everyones attention. Weve had a fake after head fake. Is it real this time around . Lisa every investor we speak to says buy any dip. Buy the big tex stocks on any dip whatsoever the big tech stocks on any dip whatsoever. Now people are going back into them. You have to wonder what it would take to make people truly believe in the cyclical story. It has to come from the data. Data just isnt there. Jonathan i think you have to get a lift in treasury yields. That takes Economic Data and real improvement. That is where thanks stalled in early june. Lisa i will also say the reason why tom keene was messaging you at 4 00 a. M. Is because he doesnt want to actually move up on floor. If i had to move, i would also be procrastinating. Jonathan are you joking about this .
Have a relatively dormant market starting to see a little more activity. We will see how that folds in with the general Risk Appetite we have seen over the past couple of weeks in equities. Taylor record treasury issuance, the 10 year up 15 basis points for the week, the most weekly increase you have seen going back in two months. And the 30 year, that curve really starting to steepen, up 20 basis points. Remember when the 30 year was below 1 and now we are coming up on 1. 5 . Caroline so juicy. Romaine thats one way to describe it. What see how jason katz describes it. To go off treasuries for a second and back to equities because i want to get your general sense of where the opportunities are right now as you see them in the equity markets given the s p 500 is flirting with that record high, the nasdaq also right near its record high as well and you are starting to see a rebound in the dow jones in the russell as well. I think you dont want to abandon what has taken us to the party.