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Transcripts For CNBC The Profit 20240713

Advice. Im putting up millions of dollars of my own money. If you dont know your numbers, you just dont know your business. Ill work by their side. Ill put in the hours. cause i have the same risk that they do. Wheres accounting . Shes counting. No, wheres accounting . Um. Oh, my god. This business is a total mess. I judge businesses based on three things its pretty damn good. Most often, businesses fail because of people. I trusted people to manage. Thats not fair what are you talking about . Dont you even go there. Im not going anywhere. Youre strangling things. Back up. Im there to lead, but if they dont follow, this business doesnt make it. Youre a thief and a liar and a cheater. You didnt do what you promised. Get out of my face. All i hear is a bunch of noise. [crying] i dont want to lose my company. Ill make the tough decisions they wont. Youre being demoted. Anything to turn these unsuccessful businesses around. What the [bleep] is your problem . That people dont [bleep] want t ....

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Transcripts For CNBC The Profit 20240713

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. ....

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Transcripts For CNBC The Profit 20240713

Youre replaceable. And i back them up with my own cash. Theres your check. Its not always pretty. Everybodys working hard, not just you. But this is business. I was just gonna try to stop you in your tracks. Youll never to stop me in my tracks. I do it to save jobs, and i do it to make money. Chingching. This is the profit. [upbeat music] worldwide trailers designs, builds, and sells concession trailers, mostly to food vendors. Tom etheridge and nancy pappas started the company in 2001, and took it from a backyard startup to a multimillion dollar business. You got 50 . I got 50 . Tom and nancy were a couple, and although their relationship came to an abrupt end three years ago, they have continued to Work Together. Working with nancy is difficult. Nance, you never agree with anything i say anyway, so whats the point . I not only run the company, but i also have to watch my back on a regular basis. Why would you do this and not tell ....

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Transcripts For CNBC The Profit 20240713

Everything is going to change everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. New orleans is one of those cities that always stands out, and whether its the food, the music, the architecture, its just a really fascinating place, and it doesnt look like anything else in the states. So when a local business reached out and even their product was unique everything they make is from cork i headed to the French Quarter to check it out. Amanda hello. Lemonis hi. Amanda im amanda. Lemonis im marcus. Amanda nice to meet you. Lemonis nice to meet you. Amanda so welcome to queork. Lemonis this is cool. Is everything in here cork . Amanda yes. Theres bags, jewelry. Lemonis hats, place mats. What is cork . Amanda its the outer bark of the cork oak tree. It grows mainly in portugal and spain. Lemonis are there cork trees in. . Amanda california, yes. I actually tried to bring one back here ....

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Transcripts For CSPAN3 Senate Hearing On Department Of Defense Audit 20240713

He was serving as the d. O. D. , secretary norquist completed the first d. O. T. Audit ever, soon thereafter secretary norquist was audited and confirmed as secretary of defense with all of senate support, he has a wealth of knowledge on these issues and i thank him for being here today. To a lot of people aside from my good friend senator purdue who im hopeful will be here a little bit later, the d. O. T. Audit might not coming across as most interesting topic of the world however the Ranking Member cain and i take our oversight responsibilities seriously and are happy to have the support and timely hearing, another responsibility we take seriously is one of providing the funding needed to rebuild our military with the specific focus on restoring readiness. Conducting an audit of this magnitude is a massive undertaking, in fact until secretary norquist arrived it had never happened, the pentagon had never completed an audit, let ....

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