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CNBC The Profit July 12, 2024

Lemonis putting not only his company at risk. This is a terrible representation of the business. Im embarrassed. But his most important relationships, as well. Ben then i said, well, whats the plan . Is there a timeline . Kristin you didnt say that. Ben Something Like that. Kristin you didnt say that. You didnt say that. Thats when you said youre the real housewives of new jersey. Lemonis if i cant help him learn to respect his staff. Ben to be frank, i dont really see a relationship continuing. Lemonis . And relinquish some control. Do you not trust people . Ben no, i dont. Kristin theres been times when hes said to me he hasnt trusted me. Lemonis . This business may just wither away. Ben this is my home. This is my life. Sometimes i cant shake it if i dont feel comfortable. Lemonis my name is Marcus Lemonis, and i risk my own money to save struggling businesses. Were not going to wake up every morning, wondering if we have a job. Were going to wake up every morning wondering how many

CNBC The Profit July 13, 2024

Lemonis if you dont like money, dont follow my process. Lemonis i make the tough decisions. Lemonis were closing the store. Were done. Im not talking about it anymore. Lemonis i back them up, spending my own money. Its not always pretty. Man perfect flavor. Lemonis . But this is business. Lemonis you got to trust the process. Lemonis i do it to save jobs, and i do it to make money. Lemonis thanks for your business. Lemonis this is the profit. Queens, new york, is a dense and diverse world of cultures and businesses. And its home to artistic stitch, an embroidery and silkscreening business run by sal loretta and nick meola. The Company Started 18 years ago in sals garage. Sal where we at with this job . Fabio itll be done today. Lemonis today, its become a 2millionayear business, the bulk of that revenue coming from uniforms, hats, and custom shirts. Fabio hey, thats one down. Here we go. Here we go. Lemonis two years ago, sal and nick decided to move their business into a 28,000squaref

CNBC The Profit July 13, 2024

[ sighs ] lemonis and the Company Still doesnt understand just how much trouble theyre in. The reason were going through this process is because youre being accused of fraud. If i cant help them face reality and find a way out of their jam. You sort of just make up numbers. David im not making up a number, so lets go back to lemonis youve made up numbers the whole time since i met you. This Cookie Company will crumble. Rachel [ voice breaking ] this is too much pressure. 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. Im headed to compton, california, to the manufacturing facility. And after watching her video application. Rachel hi. Im rachel galant, and im th

CNBC The Profit July 13, 2024

Its not always pretty. Ill take the shower. Jen, you take the toilet. I dont do the toilet in my own house. Really . But this is business. I do it to save jobs, and i do it to make money. This the profit. [upbeat music] ecome is an allnatural cleaning product started by Robin Kay Levine in 2006. With the partnership of her childhood friend jen mihajlov, a 12 owner, they built ecome up from a small, doityourself cleaning kit to a 17piece cleaning line, including doggrooming products. This product is sold nationwide at stores like whole foods and target, and last year they did a half a Million Dollars in sales, with only six employees. I personally use this product in my own home and find that it works extremely well. To stay in business, robin has leveraged friends and family to find every penny she can, and theyre nearly a half a Million Dollars in debt. Im really freaking out right now. Household cleaning is a multibilliondollar industry, and environmentally conscious products are bec

BLOOMBERG Bloomberg Markets July 13, 2024

The pullback overblown . A change at disney. Bob chapek becomes ceo immediately. Bob iger will remain chair and continue to direct creative endeavors. Another bloody day in the markets on the back of more bad news on the coronavirus. Watching the edge of another cliff. No surprises for how we are set up for this wednesday trading day. New zealand already off by almost 2 futures. Here in sydney, poised for another drop. Asx off this week. A couple of things to watch out for when we do get going, Virgin Australia announced a firsthalf loss of 97 million. We are also expecting rio tinto earnings after the close. Nikkei futures off about 1 5 of 1 . A quick look at the currencies. The aussie dollar did briefly dip below . 66. It is just holding on above that level them. The yen continuing to strengthen. A little bit of a rebound but not much in the 10 year as well. The u. S. Centers for Disease Control and prevention is warning americans to prepare for the coronaVirus Outbreak at home. It i

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