You cant tell somebody else how to run their house when you cant run your own house right. Otherwise, this wouldbe empire will be a big, fat bust. Kathleen tell him, this is my livelihood. Lemonis my name is marcus lemonis, and i fix failing businesses. If you dont like money, dont follow my process. I make the tough decisions. Were closing the store. Were done. Im not talking about it anymore. I back them up, spending my own money. Its not always pretty. Man perfect flavor. Lemonis . But this is business. You got to trust the process. I do it to save jobs, and i do it to make money. Thanks for your business. This is the profit. Just about 15 miles south of pittsburgh in a small town called mcmurray, pennsylvania, theres a fast casual restaurant known as my big fat greek gyro. Michael what can i get for you . Woman gyro and fries. Lemonis husband and wife mike ference and kathleen kamoyerou. Kathleen they prefer our sauce. Lemonis . Started the business 10 years ago. Kathleens parents
Because of worries of a global slow down. It did trigger the powerful move up today. Dow soared 275 points. S p shot up 1. 75 . Nasdaq rocketed 1. 9 because it contradicts the prevailing wisdom that the fed is on auto pilot to take rates higher no matter what. The rally was all encompassing. Here is the problem of putting too much stock in one days rally so to speak. If you are bullish it is terrific to note the fed isnt going to do something stupid. Hedgefund managers come on tv or call for much higher rates to teach a lesson. It is fantastic that our central bankers dont have the same desires of much more strident hedgefund managers who want to trigger a nasty recession who create a havoc in order to make a lot of money. However, the problems that many of our companies are facing are simply beyond the purview of the fed which makes you upon further review by the overseas markets skeptical of staying power. We are not in charge. To put it in stock terms we need more alcoas and fewer f
This is a day when you think about it more than 15 years in the making. The nasdaq on track finally to end the day in uncharted territory. Trading above its march 2000 alltime high. That close was at 4,0548. Set back march 10th of 2000. Were a little less than 16 points above that level. The other number were watching this hour the s p 500 also flirting with new highs. The previous alltime high on the left, 2,117. Theres the current level. Were flirting with that one. See if we can do that in the next hour. The markets very next direction could be determined by a huge batch of earnings after the bell today. It is highlighted by google Amazon Microsoft and starbucks. Well hear exclusively from starbucks Ceo Howard Schultz right after his numbers are released, bill. We have a lot of ground to cover this hour. Markets trading right now though, interesting pop midday. Pushed the dow up. It was up more than 80 points for a time. I think it was a 90point gain for a time. Now up 65 points at
Average. Nasdaq was weak for most of the session. We saw air coming out of the big momentum names. Nasdaq composite down 17 points today. S p was up just about one point, flat after giving up much of an earlier rally similar to the Dow Jones Industrial average. Despite todays uptick, the dow has wiped out more than 800 points since hitting a reported high three weeks ago. Lets check in with bob pisani. Why the optimism today, bob. If you take a look at the s p, it wasnt on the fed minutes. I think most traders feel it was an oversold bounce with two pretty rough days. Janet yellen may have helped on the margins. Lets take a look at sectors moving. Hewlettpackard, they gave commentary, better than expected. On the guidance. Meg whitman said theres a lot of work to be done but confident in the progress weve made. Those comments came out just before noon. We saw these names frequently traded, beta names. Biotechs have had a rough couple days. Some big names to the downside again. China ne
For christmas. We have a lot to cover. Its time to take you to the news feed. Apparently, the take overall her was not a good fit for joseph a bank. The clothing retailer has rejected an offer from mens wearhouse saying it significantly undervalued the company. Joseph bank says it will review opportunities. With thejoining forces largest mobile carrier, china more thane, it has 760 million users. It has agreed to sell iphones. The move may help both companies by declining market share in china. Ford is getting ready to unveil a new aluminum version of the bestselling f150 pickup. The new pickup will debut at next months Detroit Auto Show and will be lighter than the steel version. Fuel efficiency may rise from 23 miles per gallon to almost 30. I think i know what you did this weekend. You might have had a lastminute run to the shopping mall. Millions of americans were finishing or maybe starting the Holiday Shopping traffic. Has its finger on retail. Bill martin is with us from chicago