In 1964 you were already a member of the nyse and i wonder either in 64 or 68, did that disconnect feel as profound as it feels right now it did. Thank you for remembering. Yes, i was there in swadling clothes, but certainly in 64 to some degree and 68 was a terrible era in which the demonstrations, again, turned partially economic with looting and other things and that resulted in major city riots, some of what were hearing about today, the National Guard coming in, and that then did morph into a bit of an economic setback as the economy struggled. It didnt plunge the stock market, but it set the economy back and major cities like detroit and newark and others actually have not come back from the response they had to the social unrest in 68 and so on let us hope that it is nowhere near that, yes, ive been around long enough to have that memory, and thats why i can tell you for now, it looks a little bit less spontaneous and more structural in that certain Interest Groups seem to be in
With my money and our time. Lemonis if i cant help them fix their process and their relationship. You guys picked this location. Chris yeah. Lemonis you guys did it. This board shop will have to board up its doors. 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. Tony windward, chicago. This is tony. Lemonis in 2010, partners chris, tony, and jess bought windward sports, an iconic chicago retailer with a 30year history and a reputation as the goto store for skateboarders and snowboarders. Chris do you want to print them a restock, jess . Jess yeah. Totally. Lemonis longtime friends and avid snowboarders, the three partners introduced new brands, updated the store, and re
And dozens of employees are out on the street. You dont know how to manage this place. Well. [blathers] my name is marcus lemonis, and i fix failing businesses. I want 25 . Youre gonna make a decision now. I make tough decisions. Youre being demoted. Back them up with my own cash. Its not always pretty. Get your ass back here right now. This is business. I do it to save jobs, and i do it to make money. This is the profit. [upbeat music] jacob maarse florists is a pasadena institution. For 52 years he was the goto florist. The business made millions supplying flowers for president ial inaugurations, celebrity events, and the annual rose bowl parade. When jacob died in 2010, his son hank took over the business. Its been a very tough transition. Hank has struggled to lead. Therell be some growing pains. Um. So, well, first of all, im on the top, im the president , im the owner. Just three years later, revenue is down and those profits have turned into losses. Last year maarse generated 3.
The nasdaq up 1. 3 , and the vix is at 52. Obviously it is going to be a volatile week. We have the 10 year yield at 61 basis points at the moment. Any number of things moving these markets. Guy i think in many ways, youre right. It is going to be a volatile week. We sibley dont know what is coming down the pike towards us. Is an ok opening. Considering the numbers we had over the weekend, considering what is going on, this is a very undramatic open. It is placid by comparison to what you couldve expected. A couple of exceptions, the. Obviously a couple of exceptions, though. Obviously, what is happening in the crude market is something to be paid attention to. Take a look at the contango in brent crude. It is terrifying. Take a look at btu at bdp yields in italy. There are problems still very much unresolved. Some of those problems exist here in europe. We are waiting to see what is going to happen with corona bonds, etc. , and whether europe is going to stick together. Youve also got
I make tough decisions. How am i supposed to trust you . And back them up with my own cash. Its not always pretty. I have to know for sure that the partner that i have has the same goals as i do. This is business. I do it to save jobs, and i do it to make money. This the profit. [hiphop music] Sharla Mcbride started planet popcorn with a single cart and 250 bucks. 13 years later, they now have 30 employees, three flavors, products ranging from kettle corn to churros to crepes. Their popcorn sells at fairs and farmers markets all over southern california. But the bulk of her money is generated through Downtown Disney. Planet popcorn generates 2. 5 million in revenue, but it still cant turn a profit. This year, theyre about 200,000 in debt. Sharlas mother has mortgaged her house and loaned the business almost 200,000 to keep planet popcorn afloat. Planet popcorn is an allcash business, and that leaves way too much room for things like missing money and theft. Theres no charges on that. T