In the last seven years of doing the profit, ive visited nearly 100 businesses. Lets go make some money [ horn honking ] and ive traveled the country trying to fix the people. And you do 1 million a year . You should be proud of that. Man but we dont know how to keep any of it. Lemonis . Fix the process. You see . It flimsy. Dont ever make these again. You dont sell them. And create a few products. Juli it reduces anxiety and depression. Lemonis i kind of like it. I spent countless days working on these companies. How much money did you burn through . Parker 650,000. Lemonis but we cant always fit everything im thinking into the show. So tonight were gonna give you an inside look at an episode from season one called car cash. You probably are one of the better car guys ive ever seen, but you are one of the worst managers of people that ive ever seen. Jay you know hes not one of the better car people youve ever seen, which is the right thing to say, which is what i would say, too. You k
European going on in equities today. Pray much unchanged on the stoxx index, ever so slightly higher, hitting a record high in this session. Sterling, bucking the trend a little bit as other currencies are treading water. The euro hit the 1. 20 handle in this session. 1. 999, and the 10 year yield, down one basis point ahead of the fed decision and Janet Yellens press conference. Lets get the bloomberg first word news. 7. 2 magnitude earthquake has struck mexican city. It is the countrys second major quake this month and came on the anniversary of the earthquake in 1985. This temporarily closed the airports and halted trading on the mexican stock exchange. It plans to open tomorrow. Hurricane maria has strengthened to a category five storm again with top winds reaching, 175 Miles Per Hour, causing at least six deaths on the island of dominica. Warnednt trump has north korea of military action. The arab nations are looking at ways to remove the regime. Trump is said to have told them th
On day two, the buyers search through the rubble and decide what deserve to be trashed and what is actually treasure. Usually it would take week or months but not anymore. It is 24 hours. Not anymore. Including today. The recovery was down 89 points, the s p 500 declining by only. 02 . And i have a theory why we now get a second day comeback. In the old days, lets say a retail, give a horrendous forecast. The sellers would dump in anything that looks like it. But other companies in the sector, they might be in a totally different business. These days if macys blows up, everything goes down. Not just the Department Stores like macys which should go down. I think it is because of the commoditization. Put simply, almost every big capitalization stock is part of a sector based etf. The knee bone connected to the leg bone. Overrides whatever else might be happening to the individual companies. Someone is doing quite well. So lets take macys, the disastrous shortfall guidance cut. It reverbe
Time to buy. The action begins right now. Lets get right to it. If you thought it was bad for retail this week, the real test comes next week. Thats because big box names will report. Dan, whats your take . Listen, this is the main event. We saw all these Department Stores, apparel guys, and for the most part the small market caps relative to next week. To me, i actually think you have the potential to see outliers here. A lot of the space has actually sold off in same p think. Weve been talking about it on the show, the srt, s p. I think it got as low as 41 today. Thats a big move in a couple of weeks. When you think about the events next week, some of the bad news may be in the stock. But i think obviously this is an options program, well talk about ways to define your risk and play what may be a continuation of the trend. And mike, arguably some of these names were from the beginning thought to be the stronger of the retail group. Definitely thats true. First of all, amongst the ret
Antitrust violations without getting into specific, and Washington Post ran an article saying trump posed as a publicist to generate stories, a claim trump denies. Bezos would offer trump a ride to space. Would he field any questions at the meeting about trump . Well wait for that. The brawl has not worried investors yet. Look at amazon stock, outperforming the market this year, and still up more than 60 over the past 12 months. Adding to the drama today, though, ultra violet, a Group Fighting sexism, lhas a petitio to ask amazon to stop selling trumps line of mens waear. Why is amazon continuing to support the trump empire, and now, ultraviolet says 1500 shareholders signed the petition and commissioned a plane that will be circlingover head today at the meeting with a banner saying, dumptrump. For its part, amazon declining to comment on that. Ill head into the meeting right now, listen to bezos and bring you headlines as they come. Josh, back to you. Maybe political fireworks to wat