Theyre not gonna bail you out anymore. Theres no more going back to them for money. Ever. If i cant shake him out of his tailspin, his companys day in the sun will come to an end. Tony the process is a little [voice breaking] overwhelming. I put my whole life into this. 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. Is the profit. Lets go to work. Tony ladies, we got bars to make. Lemonis in 2012, tony fellows launched hippops, a dessert truck specializing in handcrafted gelato bars. Tony so you choose your flavor and then your dip and then whatever topping youd like. Woman great. Lemonis his goal was to generate some buzz in sunny south florida, then franchise the concept nationwide. Tony t
Hitting stocks. Wall street falls as the virus weakens the recovery. S p slipping, led by energy, financials, and industrials. Lets get started with a check of the markets. We are seeing u. S. Futures flat, after we had a solid risk off session in new york. We had a resurgence in virus cases and news the white house is weighing tariffs on european exports. We have the imf downgrade of the 2020 Global Economic forecast, so the s p 500 saw its largest fall in almost two weeks. All 11 sectors on the s p 500 sank. The nasdaq composite falling for the first time in nine sessions, down more than 2 , halting the longest winning streak of the year. This, as we continue to get more political news on how the coronavirus pandemic could affect the political schedule Going Forward towards the november elections. Democrats, saying state delegations shouldnt attend a convention. Saying they should work remotely. Pressure coming not only from the fragile economic recovery that also u. S. Crude invento
Across stock economic recovery im joined by my guest Benjamin Cowen lubbock he is the director of the Free Market Institute professor of economics at Texas Tech University as well as a senior fellow with the independent institute and in los angeles we cross to he is an independent economic and geopolitical analyst as well as a former commodities trader all right gentlemen crossed up rules in effect that means you can jump in anytime you want and i was appreciating lets go to los angeles 1st here i said in my introduction i guess probably the most important question there is as we come out of this pandemic and its all going to be about the economy and its everything were going to think about for the next few months if not years is about recovery so infer a very simple question will it be a v. A you or an l go here well weve been in an l. Shaped depression since the 2008 financial crisis i mean only that true. He cannot make data on unemployment inflation g. D. P. And the like have been
Making amends for the tragedy and what help to the people need in that little land on. The f. D. A. Is primary role isnt regulation of what the label says it is and there is actually in there the f. D. A. Is not regulating Quality Production sourcing any of those things theyre regulating that what you say is on the label is actually on the label the most shocking thing about the pet Food Industry that that has remained since basically i started doing this work is the f. D. A. Compliance policies i still cannot understand how and industry is provided by a federal tax supported organization loopholes to avoid federal law if you go to the f. D. A. Website and just type in compliance policies and then scroll down the page to hand feed and and theres one after another they allow contamination bypass to sads contamination by Industrial Chemicals contamination bad natural toxins contamination of micro biological contamination over tolerance for permanent drug recipes. Its incredible. The law
By this because heres what were learning today today new report fresh off the press right crease in nearly 50 years last month this is according to the bureau of labor statistics in the United States government biggest jump meat and eggs youre now paying 4. 3 percent more for meat megs all in one month by the way imagine how much higher it could still get by the way youre going to be paying 1. 5 percent more for fruit and vegetables and 2. 9 percent more for cereals and breads just on average you want to talk jobs lets talk jobs new study there too this comes out of Stanford University it says that of all the people who have lost their jobs in the United States so far 60 percent of those are going to get their jobs back conversely 40 percent are not going to get their jobs back thats a big nut right now this is based on whats happened. Historically during recessions and its about a month long study that they have done now lets look at the macro side to this story and by that i mean all